FINANCIAL_SERVICESAMENDED

CWCB Considers Second Loan Increase for Allen’s Lake Project

The Colorado Water Conservation Board considered a second increase to its construction fund loan to Left Hand Ditch Company for the Allen’s Lake Filler Canal Improvements Project, bringing the total loan including fees to $1,102,650 over a 30‑year term at 2.50% interest. The amendment will cover higher construction, pipe, concrete, and fill material costs experienced after COVID‑19 related disruptions, allowing the company to pay outstanding contractor invoices and close out the project.

Document date · November 17, 2021

Track Department of Natural Resources contracts

Get alerts when new contracts are awarded or existing ones approach renewal at Department of Natural Resources.

Get started free

Create a free account · no credit card

Trusted by teams at

Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo

Scope & details

The full contract record, as filed.

Contract amount
Not to exceed $1,102,650 ($1,065,000 for Project costs and $10,650 for the 1% service fee)
Contract type
FINANCIAL_SERVICES
Contract term
30 years at 2.50% interest per annum
Renewal
Second increase to loan CT2019-3463; original loan approved January 2019 for $671,650 (with fee) and first increase approved January 2020, with loan term unchanged at 30 years and interest rate 2.50%. Security remains a pledge of assessment revenues and the pipeline asset per CWCB Financial Policy #5.
Document type
Minutes
Source document
colorado_water_conservation_board_minutes_nov_2021.pdf

Related contracts

Other contracts from Left Hand Ditch Company.

View all →

Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by Department of Natural Resources?

Left Hand Ditch Company was awarded this financial services contract by Department of Natural Resources, as recorded on November 17, 2021. The contract value is Not to exceed $1,102,650 ($1,065,000 for Project costs and $10,650 for the 1% service fee).

How much is the Left Hand Ditch Company contract with Department of Natural Resources worth?

The Left Hand Ditch Company contract with Department of Natural Resources is valued at Not to exceed $1,102,650 ($1,065,000 for Project costs and $10,650 for the 1% service fee), covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a minutes record, structured as a not-to-exceed (ceiling) agreement.

Where was this contract approved?

This contract appears in colorado_water_conservation_board_minutes_nov_2021.pdf (Minutes), dated November 17, 2021 from Department of Natural Resources. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Left Hand Ditch Company hold?

Left Hand Ditch Company may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

View Left Hand Ditch Company's profile

What is Department of Natural Resources currently buying?

Explore Department of Natural Resources's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

View Department of Natural Resources's profile