Utility Committee Agenda and Packet 2018 06 22

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Description & Proposed Funding: Equipment/Project Description: The Northern Colorado Water Conservancy will be constructing a reservoir for storing Windy Gap water. The City's participation is projected to provide 2,700 acre-feet of water storage. Construction is scheduled to begin in 2018. Cost estimate based on $2,500,000 cash payment in 2018 and $13,880,000 bond repayment over a 30 -year term, at 3.1% (CWCB loan) and 3.5% interest. Cost allocation methodology for projects with more than one funding source: Project has only one funding source. Project revenue or grants, if any, that will support the project and the impacts to the operating budget: No grants have been identified at this time. Annual maintenance is not expected to change. Percent 100% Project Name: NCWCD - Windy Gap Firming Project Program(s): Utilities Six -Year (2019-2024) Capital Improvement Plan Request Form for Capital Equipment or Capital Project Identification and Funding Source Sub-Program(s): Submitted By: Public Works Water Funding Source(s): Version: 2/28/2018 Water Utility Fund 100% Equipment or Project Costs Land Acquisition Design & Engineering Other Prof Services Construction Other Equip/Project Costs Capital Equipment Purch Total Costs (Gross) Year 1 2019 Year 2 2020 Year 3 2021 Year 4 2022 Year 5 2023 Year 6 2024 Six -Year Total 747,000 747,000 747,000 747,000 747,000 747,000 4,482,000 747,000 747,000 747,000 747,000 747,000 747,000 4,482,000 Estimated Cash Flow Schedule Grants or Other Off -Setting Revenue Impact to Annual Maint/Operating Costs Description and Justification Justification and Alignment with Program/Sub-Program Goals & Key Performance Indicators: The project is a critical component of the City's overall Water Supply portfolio and ensures a reliable water supply Is there a computer hardware or software component to this request? No If so, has I.T. Dept. reviewed this request? Department Priority Ranking: Request Number: (Finance Use)