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2000 LEGISLATIVE REPORT
Active Projects
95. | PROJECT: | Salt Creek Water Supply | | | | | |
| LEVEL: | II |
| SPONSOR: | Salt Creek Water District |
| LOCATION: | Weston County |
| PROGRAM: | New Development |
| |
| EXISTING LEGISLATION: |
|
Purpose |
Chapter |
Session |
Account |
Appropriation |
Due Date |
|
|
Level I |
15 |
1996 |
I |
$100,000 |
1998 |
|
|
Level II |
46 |
1997 |
I |
$500,000 |
2000 |
|
|
Level II |
82 |
1998 |
I |
$140,000 |
2000 |
|
|
Level II |
81 |
1999 |
I |
$420,000 |
2000 |
|
PROJECT INFORMATION:
Salt Creek Water District wishes to make improvements to their existing
system as well as join in a regional, Newcastle area system as explored in
the 1999 Level II study by WWDC. This project includes the district's
purchase of the SCWD No. 1 Well drilled by WWDC in 1999 with directional
drilling technology and completed in the Madison formation aquifer.
RECOMMENDED LEGISLATIVE ACTION:
The WWDC recommends the project be advanced to Level III in the New
Development Program with an appropriation of $690,000. The financing plan
includes a grant of 60%, $414,000 and a loan of 40%, $276,000. The
financing plan also provides a special condition to allow purchase of the
test well by the district for $125,800 (40% of the actual cost). The
financing would include a 60% grant for $414,000 and a 40% loan of
$276,000 at 7.25% interest for 30 years.
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