HomeMy WebLinkAbout20050257.tiff COLLINS COCKREL & COLE
PAUL R.COCKREL A PROFESSIONAL CORPORATION TELEPHONE
JAMES P.COLLINS ATTORNEYS AT LAW 303-986-1551
ROBERT G.COLE 390 UNION BOULEVARD,SUITE 400 800-354-5941
TIMOTHY J.FLYNN DENVER,COLORADO 80228-1556 TELEFAX
EVAN D.ELA 303-986-1755
E-MAIL
HEIDI ANDERSON HUMBEUTEL October 2004 JCOLLINS@CCCFIRM.COM
DAVID S.O'LEARY 7,
LINDA G.ALEXANDER
Chairman Rob Masden
Commissioner David Long U1
Commissioner Glenn Vaad
Commissioner William Jerke
Commissioner Mike Geile
Weld County
915 Tenth Street
Post Office Box 758
Greeley, Colorado 80632
Re: Sewer Service East of I-25 near Mead
Dear Chairman and Commissioners:
I am writing on behalf of the owners of over 3,000 acres of property located east of I-25
near Mead, north of the St. Vrain Sanitation District treatment plant. Our specific request is that
this area be excluded from any intergovernmental agreement Weld County may execute with the
Town of Mead.
This group of landowners has just completed a draft Service Plan for a Sanitation
District, which will construct the infrastructure and contract directly with St. Vrain Sanitation
District to treat the wastewater. Attached is a copy of that preliminary Service Plan.
We expect to file the Service Plan within the next few weeks, pending informal review by
County and St. Vrain Sanitation District staff
Thank you for your consideration.
Respectively Submitted,
— ₹ S COCKREL ti COLE
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James P. Collins
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Enclosures C
cc: Bruce Barker, Esq.
2005-0257
EAST I-25 SANITATION DISTRI T
Prepared for:
EAST I-25 PROPERTY OWNERS
Prepared by:
MFG, INC.
consulting scientists and engineers
3801 Automation Way, Suite 100
Fort Collins,Colorado 80525
(970)223-9600
Fax: (970)223-7171
MFG Project No. 181128
October 2004
TABLE OF CONTENTS
1.0 INTRODUCTION AND DISTRICT DESCRIPTION 1
1.1 PURPOSE OF THE DISTRICT 1
1.2 OTHER JURISDICTIONS 2
1.3 POPULATION AND ASSESSED VALUATION 2
1.4 GENERAL POWERS OF THE DISTRICT 2
1.5 NEED FOR A SANITATION DISTRICT 3
2.0 PRELIMINARY ENGINEERING SUMMARY 4
2.1 PHASE I 8
2.1.1 Opinion of Probable Cost 8
2.1.2 Operation and Maintenance Costs 8
2.1.3 Construction Feasibility 9
2.1.4 Public Acceptance 9
2.2 PHASE II 9
2.2.1 Opinion of Probable Cost 9
2.2.2 Operation and Maintenance Costs 10
2.2.3 Construction Feasibility 10
2.2.4 Public Acceptance 10
2.3 PHASE III 11
2.3.1 Opinion of Probable Cost 11
2.3.2 Operation and Maintenance Costs 11
2.3.3 Construction Feasibility 11
2.3.4 Public Acceptance 12
3.0 FINANCIAL ANALYSIS 13
3.1 PHASE I FINANCING PLAN 13
3.2 PHASE II & III 13
3.3 TYPE OF DEBT 13
3.4 COST ESTIMATES 14
3.5 OTHER FEES 14
3.6 SUMMARY OF FINANCIAL ANALYSIS AND DEBT 14
4.0 DESCRIPTION OF PROPOSED INTERGOVERNMENTAL AGREEMENTS 15
5.0 STATUTORY COMPLIANCE 16
East 1-25 Sanitation District October 6, 2004
LIST OF TABLES
Table I Phase I Property Owners
Table 2 East 1-25 Sanitation District Interceptor Sewer—Phase I
Table 3 East 1-25 Sanitation District Interceptor Sewer—Phase II
Table 4 East 1-25 Sanitation District Interceptor Sewer—Phase III
Table 5 Preliminary Opinion of Probable Construction Costs- Phase I
Table 6 Preliminary Opinion of Probable Construction Costs—Phase II
Table 7 Preliminary Opinion of Probable Construction Costs—Phase III
LIST OF APPENDICES
Appendix A Map—Initial District Boundaries
Appendix B Legal Descriptions—Initial District Properties
Appendix C Map—Ultimate Possible District Boundaries
Appendix D Legal Description—Ultimate Possible District
Appendix E East I-25 Sanitation District Proposed Sewer Alignment for Phases I, II & III
Appendix F Financial Analysis and Bond Schedules
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East 1-25 Sanitation District October 6, 2004
1.0 INTRODUCTION AND DISTRICT DESCRIPTION
The following Service Plan presents a three-phase implementation of sewer trunk line service to the East
1-25 Sanitation District ("District") service area. The proposed District will service about 3,300 acres
owned by the proponents (Phase I) and potentially near 13,000 acres, with implementation of Phases 1, 1I
and III. Phases II and III would not be served without typical petitions and/or for inclusion and request
for service; such decisions to petition for inclusion are private property owner decisions, and cannot now
be concluded. Several service alternatives were evaluated and the phases depicted herein are reflective of
current landowner development schedules with respect to the following criteria: cost (capital and
operations and maintenance), added service areas, financial feasibility considerations, construction
feasibility,and successful implementation planning.
In accordance with the requirements of Section 32-1-101, et seq., Colorado Revised Statutes ("Act"),
more particularly Section 32-1-202, C.R.S., this Service Plan for the District consists of a financial plan
and engineering report showing how the sewer facilities and service of the District will be provided and
financed. The following information is included in this Service Plan:
1. A description of the proposed sewer facilities;
2. A financial plan showing,how the sewer services and infrastructure are to be financed;
3. A preliminary engineering survey showing how sewer infrastructure and services are to
be provided;
4. A map and legal description of the initial District boundaries and the potential ultimate
District boundaries, and an estimation of the population and valuation for assessment of
the initial District;
5. A general description of the facilities to be constructed and the standards of such
construction;
6. A general description of the estimated cost of land, engineering, legal and administrative
services, and other major expenses related to the organization and initial operation of the
District; and
7. A description of the arrangements and agreements with other political subdivisions for
the performance of services between the District and such political subdivisions.
1.1 PURPOSE OF THE DISTRICT
The purpose of the District is to construct a sewer collection system which will flow to the St. Vrain
Sanitation District Treatment Plant, and to finance that infrastructure construction. The District may also
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East 1-25 Sanitation District October 6, 2004
continue in existence to provide operation and all financing for the operation and maintenance of a lift
station and/or force main, to the extent allowed by the St. Vrain Sanitation District. The District intends
to contract for construction, operation and maintenance, and possibly District administration with St.
Vrain Sanitation District. Initially the only commitment sought will be for St. Vrain to treat the sewage.
Through the District, property owners will arrange for financing of the improvements, either by
advancing funds or providing security, as necessary, for municipal bonds. If funds are advanced,
developers and District will enter into cost recovery agreements for reimbursement on an equitable basis.
1.2 OTHER JURISDICTIONS
All of the property within the initial District lies within Weld County, and is subject to Weld County Land
Use Regulations. Portions of this property may ultimately annex to the Town of Mead, which annexation
shall not affect the ability to receive sewer service from and through the District. Any approvals or
advisory recommendations, such as adherence to Weld County and St. Vrain Sanitation District
construction standards, 208 Service Area advisories, and other permits or compliances, will be processed
through the District.
The proponents of this District, consisting of the initial District property owners shown in Section 2.0,
acknowledge that it is possible and acceptable for the District to convert to a Subdistrict of the St. Vrain
Sanitation District. Such Subdistrict creation and inclusion into St. Vrain Sanitation District would
simplify and streamline the infrastructure construction and provision of services, eliminating the need for
intergovernmental agreements to accomplish these tasks.
1.3 POPULATION AND ASSESSED VALUATION
The estimated population and assessed valuation of the Districts is reflected in the Financial Analysis
located at Chapter 3.0.
1.4 GENERAL POWERS OF THE DISTRICT
The District will have those powers and authorities described in this Service Plan, or conferred by law.
The powers of the District will be exercised by its publicly elected five (5) person Board of Directors
elected at large, as necessary to provide the wastewater collection services contemplated in this Service
Plan. The installation of the sewer collection system in the provision of any ongoing services, along with
other activities permitted by law, will be undertaken in accordance with and pursuant to the procedures
and conditions set forth in the Special District Act, other applicable statutes, and the Service Plan, as
amended from time to time.
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East 1-25 Sanitation District October 6, 2004
1.5 NEED FOR A SANITATION DISTRICT
Initial District properties are not within the boundaries of any special district or other entity that provides
wastewater collection services. There are no other existing municipal or quasi-municipal corporations
which are willing to provide adequate sewer collection and treatment services to the initial District within
a reasonable time, and on a comparable basis.
The organizers have determined that the organization of the District is the most viable institutional
alternative for (i) contracting and working with other governmental agencies for the provision of
wastewater treatment services; (ii) financing and constructing the infrastructure necessary to provide
sewer collection and transmission; and (iii) assuring the long-term operation and maintenance of the
collection system and any lift station of force mains which may be required. The District will provide a
reliable and permanent governmental organization for the provision of necessary sewer services to the
service area. The organization of the District will meet the sewer needs of the property within its
boundaries, with no financial burden being placed on other residents of the County, or any other entity.
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East 1-25 Sanitation District October 6, 2004
2.0 PRELIMINARY ENGINEERING SUMMARY
Properties to be served in Phase I are shown on Figure 1; Table 1 includes property ownership, acreage
for each Phase I property owner, and current assessed valuation (light blue). Appendix A includes legal
descriptions for each initial district property owner. Current population is minimal; all properties are
currently zoned agricultural with varying degrees of farming or ranching intensity. Figure 1 also displays
each of the three phase major sewer physical features; all phases terminate in existing wastewater
interceptor facilities of the St. Vrain Sanitation District (SVSD). The SVSD is the wastewater treatment
provider for all properties served in Phase I as well as any future properties included within the new
District.
Table 1 Phase I Property Owners
Owner Acreage Assessed Valuation (to be added later)
Williamson 80
Galloway 450
Sekich 1000
Reynolds 470
Maass 278
Woods 320
Owen 410
Miller 227
Development for all three phases is assumed to be divided into three categories: residential, commercial,
and light industrial. Approximate land use percentages for each area were estimated based on proximity
to Interstate, State Highway, County Roads,etc. These percentages are shown for each phase(Tables 1, 2
and 3) along with the estimated average daily and peak daily flows for each area. The flows were
estimated using the following assumptions:
• 70 gallons per capita per day wastewater contribution for residential areas with an overall
density of 6 SFE (1200 gal/day/acre).
• 1500 gallons per acre per day wastewater contribution for commercial areas.
• 300 gallons per acre per day wastewater contribution for light industrial areas.
• A peak average daily flow factor of 2.0.
Table 2 depicts each of the eight (8) Phase I property owner acreages and anticipated development (light
blue). All District lands within 'h-mile of Interstate I-25 (1-25) were assessed to be of 70 percent
commercial and 30 percent industrial. Properties on either side of Weld County Roads 13 and 17 reflect
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East 1-25 Sanitation District October 6, 2004
future commercial development potential on 10 percent of each 40 acre parcel. All other properties are
assumed to be residential with a density of 6 single family equivalents (SFE) per acre. Phases II and III
are depicted on Tables 3 and 4,respectively.
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East 1-25 Sanitation District October 6, 2004
I
) ) )
Table 2 East I-25 Sanitation District Interceptor Sewer—Phase I
Land Use(%) Average Flow(gal/day) Peak Flow(gaUday) Total Peak Flow
Area Acres Residential Commercial Industrial Residential Commercial Industrial Residential Commercial Industrial (gaUday)
4 15 0 100 0 - 22,500 - - 45,000 - 45,000
5 155 70 30 0 130,200 69,750 - 260,400 139,500 - 399,900
6 160 70 30 0 134,400 72,000 - 268,800 144,000 - 412,800
9 160 70 30 0 134,400 72,000 - 268,800 144,000 - 412,800
Il 160 100 0 0 192,000 - - 384,000 - - 384,000
12 150 100 0 0 180,000 - - 360,000 - - 360,000
13 80 100 0 0 96,000 - - 192,000 - - 192,000
14 150 100 0 0 180,000 - - 360,000 - - 360,000
15 150 100 0 0 180,000 - - 360,000 - - 360,000
16 80 100 0 0 96,000 - - 192,000 - - 192,000
19 160 100 0 n 19"),000 384,000 384,000
20 160 50 25 25 96,000 60,000 12,000 192,000 120,000 24,000 336,000
23 10 100 0 0 12,000 - - 24,000 - - 24,000
24 15 100 0 0 18,000 - - 36,000 - - 36,000
25 40 100 0 0 48,000 - - 96,000 - - 96,000
26 80 100 0 0 96,000 - - 192,000 - - 192,000
29 155 100 0 0 186,000 - - 372,000 - - 372,000
30 140 70 30 0 117,600 63,000 - 235,200 126,000 - 361,200
39 160 100 0 0 192,000 - - 384,000 - - 384,000
TOTAL 2,280,600 359,250 12,000 4,561,200 718,500 24,000 5,303,700
East 1-25 Sanitation District 6 October 6, 2004
1
) )
Table 3 East I-25 Sanitation District Interceptor Sewer—Phase II
Land Use(%) Average Flow(gaUday) Peak Flow(gaUday) Total Peak Flow
Area Acres Residential Commercial Industrial Residential Commercial Industrial Residential Commercial Industrial (gal/day)
48 155 80 20 0 148,800 46,500 - 297,600 93,000 - 390,600
49 150 80 20 0 144,000 45,000 - 288,000 90,000 - 378,000
58 90 100 0 0 108,000 - - 216,000 - - 216,000
59 160 80 20 0 153,600 48,000 - 307,200 96,000 _ - 403,200
60 160 80 20 0 153,600 48,000 307,200 96,000 403,200
68 80 80 20 0 76,800 24,000 153,600 48,000 201,600
69 120 80 20 0 115,200 36,000 - 230,400 72,000 - 302,400
78 140 80 20 0 134,400 42,000 - 268,800 84,000 - 352,800
79 60 90 10 0 64,800 9,000 - 129,600 18,000 - 147,600
TOTAL 1,099,200 298,500 - 2,198,400 597,000 - 2,795,400
Table 4 East 1-25 Sanitation District Interceptor Sewer—Phase III
Land Use Average Flow(gal/da ) Peak Flow(gal/day) Total Peak Flow
Area Acres Residential Commercial Industrial Residential Commercial Industrial Residential Commercial Industrial (gal/day)
57 10 100 0 0 12,000 - - 24,000 - - 24,000
58 60 90 10 0 64,800 9,000 - 129,600 18,000 - 147,600
67 60 90 10 0 64,800 9,000 - 129,600 18,000 - 147,600
68 80 90 10 0 86,400 12,000 - 172,800 24,000 - 196,800
78 80 80 20 0 76,800 24,000 - 153,600 48,000 - 201,600
TOTAL 304,800 54,000 - 609,600 108,000 - 717,600
East 1-25 Sanitation District 7 October 6, 2004
Described in tabular form below are sewer line sizes, lengths and unit costs pertinent to each phase. An
opinion of probable construction costs for each is included.
2.1 PHASE I
2.1.1 Opinion of Probable Cost
The estimated construction cost for Phase I is $2,400,250. This cost contains a 25 percent contingency,
since costs were developed from a preliminary conceptual design only. All unit costs were taken from
recent bid tabulation results from records of nearby sanitation districts/towns. Table 5 shows the line
items and unit prices used to develop the opinion of probable construction cost. This cost does not
include engineering, legal and administrative, interest during construction, or financial fees which are
estimated as follows:
• Engineering at 15 percent ($360,000)
• Legal and Administrative at 3 percent ($72,000)
• Financing at 4 percent ($96,000)
• Interest during Construction at 6 percent ($144,000)
Therefore,the total Phase I capital cost is estimated at $3,072,250.
2.1.2 Operation and Maintenance Costs
Operation and maintenance of Phase I will be based on one man-year, estimated at$75,000 per year.
Table 5 Preliminary Opinion of Probable Construction Costs-Phase I
Item Quantity Unit Price Total
1 10" SDR 35 PVC 2,700 If $ 30.00 $ 81,000.00
2 12" SDR 35 PVC 2,700 If $ 35.00 $ 94,500.00
3 12"C900 PVC Pressure Pipe 10,800 If $ 25.00 $ 270,000.00
4 15" SDR 35 PVC 6,200 If $ 45.00 $ 279,000.00
5 18" SDR 35 PVC 5,350 If $ 50.00 $ 267,500.00
6 21" SDR 35 PVC 5,200 If $ 55.00 $ 286,000.00
7 4'diameter standard manhole 16 ea $ 2,200.00 $ 35,200.00
8 5'diameter standard manhole 51 ea $ 2,600.00 $ 132,600.00
9 Bored crossings 240 If $ 300.00 $ 72,000.00
10 Stabilization material 11,600 ton $ 14.00 $ 162,400.00
11 Easements 32,000 If $ 7.50 $ 240,000.00
Subtotal $ 1,920,200.00
Contingency @ 25% $ 480,050.00
Total Construction $ 2,400,250.00
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East 1-25 Sanitation District October 6,2004
2.1.3 Construction Feasibility
Phase I requires no special considerations in regards to construction feasibility, as all components are
typical of gravity and force main sewer systems.
2.1.4 Public Acceptance
Due to the nature and selected location cif Phase I features, an underground gravity and pressurized sewer
system along existing drainages, property lines, and roadways, impact to the public is minimized and
should aid in gaining acceptance of the project. A number of easements will need to be obtained from
private property owners. Lands located within these easements will be disturbed during construction
activities, but can be restored to pre-construction conditions with minimal permanent effects. The added
value of sewer service to those lands through which the project is constructed should aid in obtaining the
necessary easements.
2.2 PHASE II
2.2.1 Opinion of Probable Cost
The estimated construction cost for Phase II is $2,112,750. This cost contains a 25 percent contingency,
since costs wee developed from a preliminary conceptual design only. Table 6 is used to develop the
opinion of probable construction cost. This cost does not contain engineering, legal and administrative,
interest, or financing fees,which are estimated as follows:
• Engineering at 12 percent ($253,500)
• Legal and Administrative at 3 percent ($63,400)
• Financing at 4 percent ($84,500)
• Interest during Construction at 6 percent ($126,800)
Therefore,the total project capital cost is estimated at $2,640,950.
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East 1-25 Sanitation District October 6, 2004
Table 6 Preliminary Opinion of Probable Construction Costs—Phase II
Item Quantity Unit Price Total
1 12" SDR 35 PVC 3,100 If $ 35.00 $ 108,500.00
2 15" SDR 35 PVC 5,500 If $ 45.00 $ 247,500.00
3 18" SDR 35 PVC 4,200 If $ 50.00 $ 210,000.00
4 21"DR 25 PVC 4,500 If $ 55.00 $ 247,500.00
5 24"SDR 35 PVC 6,100 If $ 62.00 $ 378,200.00
6 4'diameter standard manhole 20 ea $ 2,200.00 $ 44,000.00
7 5'diameter standard manhole 50 ea $ 2,600.00 $ 130,000.00
8 Bored crossings 240 If $ 300.00 $ 72,000.00
9 Stabilization material 10,000 ton $ 14.00 $ 140,000.00
10 Easements 15,000 If $ 7.50 $ 112,500.00
Subtotal $ 1,690,200.00
Contingency @ 25% $ 422,550.00
Total $ 2,112,750.00
2.2.2 Operation and Maintenance Costs
As with Phase I, one man-year ($75,000) is estimated to cover operations and maintenance of Phase H
facilities in addition to those of Phase I.
2.2.3 Construction Feasibility
Phase II requires no special considerations in regards to construction feasibility as all components are
typical of gravity sewer systems. However, some portions of the project will have rock excavation near
County Road 17 required to install the line. Additional costs for road borings are included.
2.2.4 Public Acceptance
Due to the nature and selected location of Phase II, an underground gravity sewer system along existing
drainages, property lines, and roadways, impact to the public is minimized and should aid in gaining
acceptance of the project. A number of easements will need to be obtained from private property owners,
as with Phase I. Lands located within these easements will be disturbed during construction activities,but
can be restored to pre-construction conditions with minimal permanent effects. The added value of sewer
service to those lands through which the project is constructed should aid in obtaining the necessary
easements.
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East 1-25 Sanitation District October 6, 2004
2.3 PHASE III
2.3.1 Opinion of Probable Cost
The estimated construction cost for Phase III is $3,048,500. This cost contains a 25 percent contingency,
since costs were developed from a preliminary conceptual design only. Costs for sewer line and
manholes were the same as those utilized in Phase I costing. Table 7 shows the line items and unit prices
used to develop the opinion of probable construction cost. This cost does not contain engineering, legal
and administrative, interest during construction,or financing fees which are estimated as follows:
• Engineering at 15 percent ($457,000)
• Legal and Administrative at 3 percent ($92,000)
• Financing at 4 percent ($121,900)
• Interest during Construction at 6 percent ($184,000)
Table 7 Preliminary Opinion of Probable Construction Costs—Phase III
Item Quantity Unit Price Total
1 10" SDR 35 PVC 13,000 If $ 30.00 $ 390,000.00
2 12" SDR 35 PVC 15,000 If $ 35.00 $ 525,000.00
3 15" SDR 35 PVC 7,500 If $ 43.00 $ 322,500.00
4 12" C900 PVC 4,900 If $ 25.00 $ 122,500.00
5 4'diameter standard manhole 80 ea $ 2,200.00 $ 176,000.00
6 5'diameter flat top manhole 25 ea $ 2,600.00 $ 65,000.00
7 Lift Station with Well/Standby Power Generator 1 ea $400,000.00 $ 400,000.00
8 Stabilization Material 15,200 ton $ 14.00 $ 212,800.00
9 Easements 30,000 If $ 7.50 $ 225,000.00
Subtotal $ 2,438,800.00
Contingency @ 25% $ 609,700.00
Total $ 3,048,500.00
Therefore,the total project capital cost is estimated at$3,903,400.
2.3.2 Operation and Maintenance Costs
Operation and maintenance of the gravity portions of Phase I and II will be one man-year ($75,000) as
before; higher costs for the lift station electrical service and maintenance has been included for a total of
$100,000 per year.
2.3.3 Construction Feasibility
Phase III requires no special considerations in regards to construction feasibility, as all components are
typical of gravity and force main sewer systems. However, the lift station required must be approved by
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East 1-25 Sanitation District October 6, 2004
the NFRWQP Association and CDPHE prior to construction. The lift station, because of its potential
service area, is a significant additional cost.
2.3.4 Public Acceptance
Due to the nature and selected location of Phase III features, an underground gravity and pressurized
sewer system along existing drainages, property lines, and roadways, impact to the public is minimized
and should aid in gaining acceptance o:[the project. A number of easements will need to be obtained
from private property owners. Lands located within these easements will be disturbed during
construction activities, but can be restored to pre-construction conditions with minimal permanent effects.
The added value of sewer service to those lands through which the project is constructed should aid in
obtaining the necessary easements. Special attention will need to be given to the exact siting of the lift
station as well as the land uses in its immediate vicinity. This special attention is required due to the need
for the standby power generator to be run on a frequent basis to keep ready for emergency service.
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East 1-25 Sanitation District October 6, 2004
3.0 FINANCIAL ANALYSIS
3.1 PHASE I FINANCING PLAN
The financing plan for the Phase I construction anticipates the issuance of $4,495,000 in General
Obligation Bonds. However, the bonds are expected to be fully paid by incremental tap fees to the
District. A small mill levy is expected to be utilized to pay for annual operating costs. Variations on the
use of a debt service mill levy could be decided by the Board of Directors.
The Phase I construction project covers slightly over 3,000 acres, and within this development phase there
are anticipated to be 2,000 single family homes and 280 acres of commercial and light industrial land
uses. The average single-family home price is estimated to be $250,000 and average
commercial/industrial construction cost on a square footage basis is estimated to be $80.00 per square
foot.
In formatting a plan of finance, housing construction is expected to start in 2007 and approximately 180
homes per year are forecast. This absorption rate is based, in part, by a "Mixed Use Market Analysis of
the General Area"conducted in January of 2002. The plan of finance shown herein demonstrates a fairly
low incremental tap fee to repay the Phase I Bonds(see schedules). The projected tap fee is$1,750.
3.2 PHASE II& III
Over time, the District expects two additional construction phases to accommodate inclusion of up to
13,000 acres. To finance future phases, this initial District would have bonding authority, but this
issuance of such bonds would relate to successful inclusion added to the tax base. Bond schedules for
Phase II and Phase III are illustrated, but the timing of such issuance is unpredictable at this time.
Similarly, developing a detailed plan of finance for future phases would be quite speculative. However,
the amount of bonds needed for all phases (in 2004 dollars) is fairly easy to predict, as engineering
estimates are included in this Service Plan.
3.3 TYPE OF DEBT
The types of debt that are authorized to be issued by the District under this Service Plan include general
obligation debt, notes or bonds possibly initially purchased by developers, and refunding bonds, all to be
subject to a 20-mill levy cap. Additionally, any bonds issued by the District pursuant to this Service Plan
shall be in compliance with all applicable state and federal requirements, including without limitation
§ 32-1-1101(6), C.R.S., and Article 59 of Title 11, C.R.S., and shall be approved by a nationally
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East 1-25 Sanitation District October 6, 2004
recognized bond counsel. An opinion shall also be obtained from bond counsel or counsel to the District
that the bonds substantially comply with all requirements of this Service Plan.
The District shall be entitled to modify the proposed structure of the Financing Plan by causing the
District to obtain funding directly from developers, their lenders, or assigns of the developers, provided
that all such borrowings shall comply with the requirements of state law regarding limitations on the
amount of general obligation debt which may be issued. For example, the District shall be entitled to
obtain funding from the developers rather than issuing general obligation bonds and agree to repay the
developer from available revenue sources.
The maximum voted interest rate for the bonds would be eighteen percent (18%). The proposed
maximum underwriting discount will be five percent (5%). Any general obligation bonds, when issued,
will mature not more than thirty(30)years from their date of issuance.
3.4 COST ESTIMATES
All dollars in the Service Plan are stated in 2004, uninflated dollars. Upon approval of the Service Plan,
the District will continue to develop and refine cost estimates contained herein and prepare for the bond
issue. All cost estimates will be inflated to current dollars at the time of bond issuance and construction.
All construction cost estimates assume construction to applicable state, local or federal requirements.
Improvement costs for all phases are estimated at $8,165,000. The District shall be permitted to seek debt
authorization in excess of this amount to account for contingencies. However, Phase II and III debt
authority will be subject to a mill levy cap of 20 mills and subject to future inclusions.
3.5 OTHER FEES
In addition to ad valorem property taxes, and in order to offset the expenses of the construction, the
District is also authorized by this Service Plan to utilize the following revenue sources authorized by law:
developer fees and incremental service charges. These will include the power to assess fees, rates, tolls,
penalties, or charges in § 32-1-1001(1),C.R.S., as amended.
3.6 SUMMARY OF FINANCIAL ANALYSIS AND DEBT
Attached as Appendix F.
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East 1-25 Sanitation District October 6, 2004
4.0 DESCRIPTION OF PROPOSED INTERGOVERNMENTAL AGREEMENTS
To the extent that it is feasible, the District will enter into intergovernmental agreements with other
special districts or governmental entities to provide necessary services. The only specific agreement
anticipated at the writing of the Service Plan, is a Treatment Agreement with St. Vrain Sanitation District
which will obligate the District to construct facilities to the standards of St. Vrain and in coordination
with the ultimate goal of perpetual treatment at the St. Vrain Treatment Facility. Other agreements with
St. Vrain may include an inclusion agreement and establishment of a Subdistrict — at St. Vrain's
discretion; and may include construction management, review and ongoing maintenance services through
St. Vrain.
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East 1--15 Sanitation District October 6, 1004
5.0 STATUTORY COMPLIANCE
It is submitted that the Service Plan for the District contains the following information and demonstrates full
compliance with the Act:
1. A description of the proposed sewer services.
2. A financial plan showing how the proposed sewer services are to be financed.
3. A preliminary engineering survey showing how the proposed sewer services are to be
provided.
4. A map and legal description of the proposed District boundaries, and an estimate of the
population and valuation for assessment of the District.
5. A general description of the facilities to be constructed and the standards by which they are
to be designed and constructed.
6. A general description of the estimated costs of engineering, legal, and administrative
services and other major expenses.
7. A description of proposed intergovernmental agreements with other political subdivisions for
the performance of services.
8. The information presented within the Service Plan is sufficient to establish that all criteria set
forth in Section 32-1-203,C.R.S.have been adequately answered. More specifically:
a. There is sufficient projected need for organized sewer service in the area to be
serviced by the District. This need, when satisfied, will benefit the property owners
within the District.
b. The existing sewer service in the area of the Development is inadequate for
projected needs.
c. The District is capable of providing economical and sufficient sewer service to the
area within the District's boundaries.
d. The area within the District will not obtain the sewer service proposed from any
other governmental entity.
e. The facility and service standards of the District will be compatible with those of the
County and State.
f. The proposal is in compliance with the County Master Plan.
g. The proposal is in compliance with the duly adopted county,regional,or state long-
range water quality management plan for the area.
h. The organization of the District will be in the best interest of the area proposed to be
served.
16
East 1-25 Sanitation District October 6, 2004
It is,therefore,requested that the County Commissioners of Weld County,Colorado, who have jurisdiction to
approve this Service Plan pursuant to Section 32-1-204, C.R.S., adopt a resolution of approval of the Service
Plan without conditions.
17
East 1-25 Sanitation District October 6, 2004
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EXHIBIT MAP FOR LEGAL DESCRIPTIONS OF
0 0imli 4000 OWNERS INCLUDED IN SERVICE PLAN
SCALE 1"=4000' PREPARED SEPT. 1 2004 BY CDS ENGINEERING CORP.
LEGAL DESCRIPTIONS OF PROPERTY OWNERS
1. Ken and Connie Williamson 15 Properties
Parts of the NW 'VI Section 23, Township 3 North, Range 68 West
Lot A of Recorded Exemption 607
6.75 acres Assessed value $275,560
Lots 1-5, 7, 8, 10, 11, 12 Block 2 Lots 5-7 and 14 Block 1 of the
RADEMACHER BUISNESS PARK PUD AMENDED PLAT
Total acreage 73.16 acres Total assessed value $1,149,890
2. Ray and Alma School 2 Properties
Portions of the Northeast and the Southeast Quarters of Section 35,
Township 4 North, Range 68 West
Total acreage 290 acres Total assessed value $12,520
3. Nick Sekich 6 Properties
The South One-half of Sections 17 and 18 (except portions thereof), the
North One-half and the Southeast Quarter of Section 19, A portion of the
North One-half of Section 20 all in Township 3 North, Range 67 West
Total acreage 1000 acres Total assessed Value $327,080
4. Tom Reynolds a Properties
Portions of the Northeast Quarter of Section 23 and the North one-half of
Section 24 all of Township 3 North, Range 68 West
Total acreage 458 acres Total assessed value $63,630
5. Merle Maass 4 Properties
Portions of the West One-half of Section 1 and the East One-half of Section
2 all of Township 3 North, Range 68 West
Total acreage 269 acres Total Assessed Value $31,810
1
6. Bill and Gary Woods 2 Properties
Portions of the Southeast Quarter of Section 23 and the Southwest Quarter
of Section 24 all of Township 3 North, Range 68 West
Total acreage 294 acres Total assessed value $42,030
7. Don and Scott Owen 5 Properties
Portions of Section 11 and a portion of the West One-half of Section 12 of
Township 3 North, Range 68 West
Total acreage 410 acres Total assessed value $68, 660
8. Ed Kanemoto for Larry Miller 3 Properties
Portions of Section 11, Township 3 North, Range 68 West
Total acreage 217 acres Total assessed value $177,000
2
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EXHIBIT MAP FOR LEGAL DESCRIPTIONS OF
° APPROXIMATE ULTIMATE DISTRICT BOUNDARY
IIIII
SCALE 1"=4000' PREPARED SEPT. 1 2004 BY CDS ENGINEERING CORP.
LEGAL DESCRIPTIONS OF ULTIMATE DISTRICT BOUNDARY
Portions of Sections 31 and 32 of Township 4 North, Range 67 West, of
which drain in a Southwesterly Direction.
All of Sections 35 and 36 Township 4 North, Range 68 West
Portions of Section 5 which drain in a Southwesterly direction, all of
Sections 6, 7, 8, 17, 18, 19, and a Portion of Section 20 of Township 3
North, Range 67 West
All of Sections 1, 2, 11 — 14, 23, and 24 of Township 3 North, Range 68
West
All lying in the Sixth Principal Meridian, Weld County Colorado
1
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EAST 1-25 SANITATION DISTRICT PROPOSED SEWER ALNNNMEN
SVSD's Sewer Lines C East I-25 Proposed 208 J Potential Service Areti
Roads rm....1 SVSD's 208 SVSD's Plant
Property Owners
) I )
Pagel of 2
EAST 1-25 SANITATION DISTRICT PHASE 1
Oauelopmoet Projection;Tap Foes for 0.5.max 5 mills for O&M
Ser.2005 Bond Issue,Non-Rated,30-yr maturity
Residential Plattadloeveload Lots Commercial
Adjuemwn4 ATM Value Ae'M Value MM Value Aa'M Value
Total Biennial 0)94%a1 029%of Tow Biennial @21%- Total Tout Tap Fees Total
CoTMe1M Resume* Cumulative Whet Value Cumulative Name(Value Completed Reaxeeml Cum,Mlve Market Value Amassed Total Collection{ Tap Feat Malabo
YEAR Reel Units @2% Markel Value 42-ye tog) Markel Vete 42yr 1p) Comm,SF 02% None.Value (1yr lag) Value Mill L rvy Q9BX ®{1.15BRFE Revemra
2002 0 5a 57.200,621 0 $0 $0 5o SO
2003 0 S0 30 58.720.579 SO 0 50 S0 SO 5000 SO $0 0
•
2004 0 0 0 0 8.647.790 52,088.180 0 0 0 0 2,081,fa0 5.000 510232 0 10,232
2005 0 0 0 8,161.749 51.948.968 205,151 24794,701 0 1.948.968 5.000 59.550 359.015 368,565
2006 0 0 0 0 12,187.708 2,507.859 205151 495,894 50,829,137 0 2.507,859 5.000 12.289 359,015 371,303
2007 180 49.172715 0 11,707,866 2,368647 205,151 77.133,835 7.190,463 9.559,110 5.070 47.500 674,015 721515
2008 180 983.454 100,804,066 0 11,227,675 3.534,435 205.151 1.542,677 105.770,350 14.740.450 18,274.885 4.188 75,000 674,015 749,015
2009 180 152.971,399 3.914.148 10.747,583 1395223 205,151 133.677,004 22.368.812 29,678,183 2.604 75,750 674.015 749,765
2010 180 3.059,428 209.763.180 8,024.004 10.267.542 3,256,011 205,151 2,673,540 165.094,398 30.673,402 41.953,416 1.861 76.508 674.015 750.522
2011 100 265,107,504 12,176.523 9,787,501 3,116,799 205,151 194.700.568 38.766 331 54050854 ,459 77,273 _._„15 751,2,,,
2012 180 5,302,150 327,414,308 16,697,149 9,307,459 2,977,587 205,151 3,894,011 229,088,933 47,877,375 67,552,112 1.179 78,045 674,015 752,060
2013 180 386,129,101 21,102.557 8,827,418 2,838,375 205,151 260,498,118 56,463,165 80404,097 1.000 78,826 674,015 752,840
2014 180 7,722,582 454,327,920 26,062.179 8,074,564 2,699,163 205,151 5,209,962 298,059,541 66,435,791 95,197,133 0.853 79,614 676015 753,629
2015 180 516,618445 30735,076 7,594,522 2,559,951 177,870 327,605,183 75,544,454 108,840,282 0.754 80,410 626.273 706,683
2016 180 10,332,369 526,950,814 36,164.502 7,114.481 2,341,624 177,870 6,552,104 364,589,297 86437,267 124,943,393 0.663 81214 626.273 707.487
2017 100 526,950,014 41,122.828 2,634,440 2,202,412 177,870 364,589,297 95,005,503 138,330,743 0.605 82,026 626,273 708,299
2018 20 10,539,016 537,409,830 41,915.205 2,134,440 2,063,200 177,870 7,291,786 371,881,083 105,730,896 149,739,380 0.565 82,847 346,273 429,119
2019 0 537,489,830 41,945,285 10) 763,988 177,870 371,881.083 105,730,896 148.440,168 0.575 83,675 311.273 394,948
2020 10,749,797 548,239,626 42,784,190 (0) 618,988 0 7,437,622 379,318,705 107,845,514 151,248,692 0,570 84,512 0 84,512
2021 548,239,626 42784,190 (0) 379,318,705 107,845,514 150,629,704 0.578 85,357 0 85,357
2022 10,964,793 559,204,419 43,639.874 40) 7,586,374 386,905,079 110.002.424 153,642,299 0.573 86,211 0 86,211
2023 559,204419 43,639.874 0 386,905,079 110,002424 153,642,299 0578 87,073 0 87,073
2024 11,184,088 570,388,507 44,512872 0 7738,102 394,643,181 112,202,473 156715,145 0573 07,943 0 87,943
2025 570,388,507 44,512,672 0 394,643,181 112,202473 156.715,145 0.578 08,823 0 88,823
2026 11.407,770 581796,277 45,402,925 0 7,892,864 402,536,044 - 114,446,522 159,849,448 0.573 89.711 0 89,711
2027 581,796,277 45,402,925 0 402,536.044 114,446,522 159,849.448 0.578 90,608 0 90,608
2028 11.635.926 593,432.203 46,310.984 0 8,050,721 410,586,765 110735453 163,046,436 0.573 91,514 0 91,514
2029 593,432,203 46,310,984 0 410,586,765 116.735,453 163,046,436 0.578 92,429 0 92,429
2030 11,868,644 605,300,847 47,237,203 0 8,211735 410798,500 119,070,162 166,307365 0.573 93,354 0 93,354
2031 605,300,847 47,237203 0 418,798,500 119,070,162 166,307,365 0.579 94,287 0 94,287
2032 12,106,017 617,406,864 48,181,947 0 8,375,970 427,174470 121451,565 169,633,513 0.573 95,230 0 95,230
2033 617,406,864 48,181,947 0 427,174,470 121,451,565 169,633,513 0.579 96,182 0 96.182
2034 12,348.137 629.755.001 49.145.586 0 8.543,489 435.717,960 123,880,596 173,026,183 0.573 97,144 0 97.144
2035 629.755.001 49.145.586 0 435,717.960 123880596 173.026,183 0.579 98.116 0 98,116
2036 12,595.100 642,350.101 50,128.498 0 8,714.359 444,432.319 126,358,208 176,486.706 0.573 99,097 99,097
2037 642,350,101 50,128,498 0 444,432,319 126,358208 176,486706 0,579 100,088 100,088
2038 12,847,002 655,197,103 51,131,068 0 8,888,646 453,320,965 128,885,372 180,016,441 0.573 101,089 101,089
2039 655,197,103 51.131,068 0 453.320,965 128,085,372 180,016,441 0.579 102,100 102,100
2040 13.103942 668,301,045 52,153.689 0 9.066419 462387,385 131,463,080 183,616,769 0.573 103,121 103,121
2041 668,301,045 52,153,689 0 462,387,385 131,463080 183,616,769 0.579 104,152 104,152
2042 13,366,021 681,667,066 53,196.763 0 9,247748 471,635,132 134,092,342 187,289,105 0.573 105,193 105,193
2043 681,667,066 53,196763 0 471,635,132 134,092,342 187,209,105 0.579 106,245 106,245
2044 681,667.066 54,260.698 0 471,635.132 136,774.188 191.034,887 0.573 107,308 107,308
2,000 182.116,236 2,940,863 127.414.023 3.417,644 8,646.509 12,064,153
10/1/2004 A 6125 NR Fin Plan 04 NR Fin Plan Prepared by Kirkpatrick Pettis
) ) )
Page 2 of 2
EAST I-25 SANITATION DISTRICT PHASE 1
Development Prolaction;Tap Fees for D.S.max 5 mills for ORM
Ser.3005 Bond Issue,Non-Rated,30-yr maturity
Len ONin[I ma nes
AaNn a Auk*M µ495,000 Pr
law of 575,0OO Nut$3000 1041 Cumulnlra
OM.®1% Developer NM Available Hsi AG Amual &+qua
YEAR amvnca b 0.M arc Sum,. Surplus S200,WO Target
2002 50 0 0
2003 10 0 0
2004 10,232 50 10,232 10.232
2005 10.000 0 358.565 0 350,565 368.797
2006 12,500 0 358.803 0 358,803 721,600
2007 47.500 0 674.015 0 674,015 1,401.615
2008 75,000 0 674.015 672,125 1,890 1,403,504
2009 75,750 0 674.015 672,000 2.015 1,105,519
2010 76,508 0 674.015 670,000 4.015 1,409,534
2011 77,273 0 674,015 871.125 2.890 1,012,423
2012 78.045 0 674,015 670,000 4.015 1416,438
2013 78.826 0 674.015 671.625 2.390 1,418.820
2014 79,614 674,015 625.625 48,390 1,467,217
2015 80,410 626.273 625,375 098 1068,115
2016 81.214 626,273 622,500 3,77 1,471,887
2017 82026 626.273 342.000 284.27 1,756,160
' 2018 82,847 346.273 279,500 66.77 1.022,932
2019 83,675 311273 0 311,27 2.134,205
2020 84.512 0 0 2.134,205
2021 85,357 0 0 2,134,205
2022 06.211 0 0 2,134,205
2023 87.073 0 0 2,134205
2024 87,943 0 0 2,134,205
2025 88,823 0 0 2,134,205
2026 89,711 0 0 2.134,205
2027 90,608 0 0 2,134,205
2028 91.514 0 0 2,134,205
2029 92,429 0 0 2,134,205
2030 93,354 0 0 2,134,205
2031 94,287 0 0 2,134,205
2032 95,230 0 0 2.134,205
2033 96.182 0 0 2,134,205
2034 97,144 0 0 2134,205
2035 98.116 0 0 2,134.205
2036 99,097 0 0 2,134.205
2037 100.088 0 0 2,134,205
2038 101,089 0 0 2,134,205
2039 102,100 0 0 2.134,205
2040 103.121 0 0 2,134,205
2041 104,152 0 0 2.134.205
2042 105,193 0 0 2,134,205
2043 106.245 0 0 2,134,205
2044 107,308 0 0 2,134,205
3,408.074 8,656.080 6,521,675 2131205
40005401541
10/112004 A E125 NR Fin Plan 04 NR Fin Plan Prepared by Krrkpatrick Pettis
SOURCES AND USES OF FUNDS
EAST I-25 SANITATION DISTRICT
SERIES 2005 G.O. BONDS
Sized for Phase I Only
Dated Date 12/01/2005
Delivery Date 12/01/2005
Sources:
Bond Proceeds:
Par Amount 4,495,000.00
4,495,000.00
Uses:
Project Fund Deposits:
Project Funds 3,000,000.00
Other Fund Deposits:
Capitalized Interest 976,900.00
Delivery Date Expenses:
Cost of Issuance 85,750.00
Legal Costs 72,000.00
Engineering Costs 360,000.00
517,750.00
Other Uses of Funds:
Contingency 350.00
4,495,000.00
Note: Non-rated bonds,proportional debt svc,30-yr maturity
Oct 1,2004 2:02 pm Prepared by Kirkpatrick Pettis (1-25 San Dist 04 AOCT104-05NR30A) Page 1
DETAILED BOND DEBT SERVICE
EAST I-25 SANITATION DISTRICT
SERIES 2005 G.O.BONDS
Sized for Phase I Only
Dated Date 12/01/2005
Delivery Date 12/01/2005
Non-rated(NRI
Period Debt
Ending Principal Coupon interest Service
12/01/2006 337,125 337,125
12/01/2007 337,125 337,125
12/01/2008 337,125 337,125
12/01/2009 335,000 7.500% 337,125 672,125
12/01/2010 360,000 7.500% 312,000 672,000
12/01/2011 385,000 7.500% 285,000 670,000
12/01/2012 415,000 7.500% 256,125 671,125
12/01/2013 445,000 7.500% 225,000 670,000
12/01/2014 480,000 7.500% 191,625 671,625
12/01/2015 470,000 7.500% 155,625 625,625
12/01/2016 505,000 7.500% 120,375 625,375
12/01/2017 540,000 7.500% 82,500 622,500
12/01/2018 300,000 7.500% 42,000 342,000
12/01/2019 260,000 7.500% 19,500 279,500
4,495,000 3,038,250 7,533,250
Oct 1,2004 2:02 pm Prepared by Kirkpatrick Pettis (1-25 San Dist 04:AOCT104-05NR30A) Page 2
NET DEBT SERVICE
EAST 1.25 SANITATION DISTRICT
SERIES 2005 G.O. BONDS
Sized for Phase I Only
Total Capitalized Net Annual
Date Principal Interest Debt Service Interest Debt Service Net D/S
06/01/2006 168,562.50 168,562.50 168,562.50
12/01/2006 168,562.50 168,562.50 168,562.50
06/01/2007 168,562.50 168,562.50 168,562.50
12/01/2007 168,562.50 168,562.50 168,562.50
06/01/2008 168,562.50 168,562.50 168,562.50
12/01/2008 168,562.50 168,562.50 168,562.50
06/01/2009 168,562.50 168,562.50 168,562.50
12/01/2009 335,000 168,562.50 503,562.50 503,562.50 672,125
06/01/2010 156,000.00 156,000.00 156,000.00
12/01/2010 360,000 156,000.00 516,000.00 516,000.00 672,000
06/01/2011 142,500.00 142,500.00 142,500.00
12/01/2011 385,000 142,500.00 527,500.00 527,500.00 670,000
06/01/2012 128,062.50 128,062.50 128,062.50
12/01/2012 415,000 128,062.50 543,062.50 543,062.50 671,125
06/01/2013 112,500.00 112,500.00 112,500.00
12/01/2013 445,000 112,500.00 557,500.00 557,500,00 670,000
06/01/2014 95,812.50 95,812.50 95,812.50
12/01/2014 480,000 95,812.50 575,812.50 575,812.50 671,625
06/01/2015 77,812.50 77,812.50 77,812.50
12/01/2015 470,000 77,812.50 547,812.50 547,812.50 625,625
06/01/2016 60,187.50 60,187.50 60,187.50
12/01/2016 505,000 60,187.50 565,187.50 565,187.50 625,375
06/01/2017 41,250.00 41,250.00 41,250.00
12/01/2017 540,000 41,250.00 581,250.00 581,250.00 622,500
06/01/2018 21,000.00 21,000.00 21,000.00
12/01/2018 300,000 21,000.00 321,000.00 321,000.00 342,000
.— 06/01/2019 9,750.00 9,750.00 9,750.00
12/01/2019 260,000 9,750.00 269,750.00 269,750.00 279,500
4,495,000 3,038,250.00 7,533,250.00 1,011,375.00 6,521,875.00 6,521,875
Oct 1.2004 2:02 pm Prepared by Kirkpatrick Pettis (I-25 San Dist 04:AOCT104-05NR30A) Page 3
SOURCES AND USES OF FUNDS
EAST I-25 SANITATION DISTRICT
SERIES 2010 G.O. BONDS
Sized for Phase II Growth
Dated Date 12/01/2010
Delivery Date 12/01/2010
Sources:
Bond Proceeds:
Par Amount 3,140,000.00
3,140,000.00
Uses:
Project Fund Deposits:
Project Funds 2,115,000.00
Other Fund Deposits:
Capitalized Interest 631,297.91
Delivery Date Expenses:
Cost of Issuance 73,350.00
Legal Fees 63,600.00
Engineering Fees 253,500.00
390,450.00
Other Uses of Funds:
Contingency 3,252.09
3,140,000.00
Note: Non-rated bonds,proportional debt svc,30-yr maturity
Oct 1,2004 2:14 pm Prepared by Kirkpatrick Pettis (1-25 San Dist 04:AOCT104-10NRA) Page 1
DETAIILED BOND DEBT SERVICE
EAST 1.25 SANITATION DISTRICT
SERIES 2010 G.O.BONDS
Sized for Phase II Growth
Dated Date 12/01/2010
Delivery Date 12/01/2010
Non-rated(NRI
Period Debt
Ending Principal Coupon Interest Service
12/01/2011 245,000 7.500% 235,500 480,500
12/01/2012 225,000 7.500% 217,125 442,125
12/01/2013 205,000 7.500% 200,250 405,250
12/01/2014 45,000 7.500% 184,875 229,875
12/01/2015 80,000 7.500% 181,500 261,500
12/01/2016 70,000 7.500% 175,500 245,500
12/01/2017 75,000 7.500% 170,250 245,250
12/01/2018 75,000 7.500% 164,625 239,625
12/01/2019 80,000 7.500% 159,000 239,000
12/01/2020 80,000 7.500% 153,000 233,000
12/01/2021 85,000 7.500% 147,000 232,000
12/01/2022 80,000 7.500% 140,625 220,625
12/01/2023 85,000 7.500% 134,625 219,625
12/01/2024 85,000 7.500% 128,250 213,250
12/01/2025 95,000 7.500% 121,875 216,875
12/01/2026 90,000 7.500% 114,750 204,750
12/01/2027 95,000 7.500% 108,000 203,000
12/01/2028 95,000 7.500% 100,875 195,875
12/01/2029 100,000 7.500% 93,750 193,750
-• 12/01/2030 100,000 7.500% 86,250 186,250
12/01/2031 110,000 7.500% 78,750 188,750
12/01/2032 105,000 7.500% 70,500 175,500
12/01/2033 115,000 7.500% 62,625 177,625
12/01/2034 115,000 7.500% 54,000 169,000
12/01/2035 605,000 7.500% 45,375 650,375
3,140,000 3,328,875 6,468,875
Oct 1,2004 2:14 pm Prepared by Kirkpatrick Pettis (1-25 San Dist 04:AOCT104-10NRA) Page 2
NET DEBT SERVICE
EAST I-25 SANITATION DISTRICT
SERIES 2010 G.O.BONDS
Sized for Phase II Growth
Total Capitalized Net Annual
Date Principal Interest Debt Service Interest Debt Service Net DIS
06/01/2011 117,750.00 117,750.00 117,750.00
12/01/2011 245,000 117,750.00 362,750.00 117,750.00 245,000.00 245,000
06/01/2012 108,562.50 108,562.50 108,562.50
12/01/2012 225,000 108,562.50 333,562.50 108,562.50 225,000.00 225,000
06/01/2013 100,125.00 100,125.00 100,125.00
12/01/2013 205,000 100,125.00 305,125.00 100,125.00 205,000.00 205,000
06/01/2014 92,437.50 92,437.50 92,437.50
12/01/2014 45,000 92,437.50 137,437.50 137,437.50 229,875
06/01/2015 90,750.00 90,750.00 90,750.00
12/01/2015 80,000 90,750.00 170,750.00 170,750.00 261,500
06/01/2016 87,750.00 87,750.00 87,750.00
12/01/2016 70,000 87,750.00 157,750.00 157,750.00 245,500
06/01/2017 85,125.00 85,125.00 85,125.00
12/01/2017 75,000 85,125.00 160,125.00 160,125.00 245,250
06/01/2018 82,312.50 82,312.50 82,312.50
12/01/2018 75,000 82,312.50 157,312.50 157,312.50 239,625
06/01/2019 79,500.00 79,500.00 79,500.00
12/01/2019 80,000 79,500.00 159,500.00 159,500.00 239,000
06/01/2020 76,500.00 76,500.00 76,500.00
12/01/2020 80,000 76,500.00 156,500.00 156,500.00 233,000
06/01/2021 73,500.00 73,500.00 73,500.00
12/01/2021 85,000 73,500.00 158,500.00 158,500.00 232,000
06/01/2022 70,312.50 70,312.50 70,312.50
12/01/2022 80,000 70,312.50 150,312.50 150,312.50 220,625
06/01/2023 67,312.50 67,312.50 67,312.50
12/01/2023 85,000 67,312.50 152,312.50 152,312.50 219,625
06/01/2024 64,125.00 64,125.00 64,125.00
12/01/2024 85,000 64,125.00 149,125.00 149,125.00 213,250
06/01/2025 60,937.50 60,937.50 60,937.50
12/01/2025 95,000 60,937.50 155,937.50 155,937.50 216,875
06/01/2026 57,375.00 57,375.00 57,375.00
12/01/2026 90,000 57,375.00 147,375.00 147,375.00 204,750
06/01/2027 54,000.00 54,000.00 54,000.00
12/01/2027 95,000 54,000.00 149,000.00 149,000.00 203,000
06/01/2028 50,437.50 50,437.50 50,437.50
12/01/2028 95,000 50,437.50 145,437.50 145,437.50 195,875
06/01/2029 46,875.00 46,875.00 46,875.00
12/01/2029 100,000 46,875.00 146,875.00 146,875.00 193,750
06/01/2030 43,125.00 43,125.00 43,125.00
12/01/2030 100,000 43,125.00 143,125.00 143,125.00 186,250
06/01/2031 39,375.00 39,375.00 39,375.00
12/01/2031 110,000 39,375.00 149,375.00 149,375.00 188,750
06/01/2032 35,250.00 35,250.00 35,250.00
12/01/2032 105,000 35,250.00 140,250.00 140,250.00 175,500
06/01/2033 31,312.50 31,312.50 31,312.50
12/01/2033 115,000 31,312.50 146,312.50 146,312.50 177,625
06/01/2034 27,000.00 27,000.00 27,000.00
12/01/2034 115,000 27,000.00 142,000.00 142,000.00 169,000
06/01/2035 22,687.50 22,687.50 22,687.50
12/01/2035 605,000 22,687.50 627,687.50 627,687.50 650,375
3,140,000 3,328,875.00 6,468,875.00 652,875.00 5,816,000.00 5,816,000
Oct 1,2004 2:14 pm Prepared by Kirkpatrick Pettis i.( 25 San Dist 04:AOCT704-10NRA) Page 3
SOURCES AND USES OF FUNDS
EAST 1-25 SANITATION DISTRICT
SERIES 2020 G.O.BONDS
Sized for Phase III Growth
Dated Date 12/01/2020
Delivery Date 12/01/2020
Sources:
Bond Proceeds:
Par Amount 4,720,000.00
4,720,000.00
Uses:
Project Fund Deposits:
Project Funds 3,050,000.00
Other Fund Deposits:
Capitalized Interest 1,011,242.97
Delivery Date Expenses:
Cost of Issuance 107,500.00
Legal Fees 92,000.00
Engineering Fees 457,000.00
656,500.00
Other Uses of Funds:
Contingency 2,257.03
�-. 4,720,000.00
Note: Non-rated bonds,proportional debt svc,30-yr maturity
Oct 1,2004 2:14 pm Prepared by Kirkpatrick Pettis (1-25 San Dist 04:AOCT104-20NRA) Page 1
DETAILED BOND DEBT SERVICE
EAST 1-25 SANITATION DISTRICT
SERIES 2020 G.O. BONDS
Sized for Phase III Growth
Dated Date 12/01/2020
Delivery Date 12/01/2020
Non-rated(NRI
Period Debt
Ending Principal Coupon Interest Service
12/01/2021 354,000 354,000
12/01/2022 205,000 7.500% 354,000 559,000
12/01/2023 205,000 7.500% 338,625 543,625
12/01/2024 323,250 323,250
12/01/2025 323,250 323,250
12/01/2026 323,250 323,250
12/01/2027 323,250 323,250
12/01/2028 323,250 323,250
12/01/2029 323,250 323,250
12/01/2030 323,250 323,250
12/01/2031 323,250 323,250
12/01/2032 323,250 323,250
12/01/2033 323,250 323,250
12/01/2034 323,250 323,250
12/01/2035 180,000 7.500% 323,250 503,250
12/01/2036 185,000 7.500% 309,750 494,750
12/01/2037 200,000 7.500% 295,875 495,875
12/01/2038 210,000 7.500% 280,875 490,875
12/01/2039 400,000 7.500% 265,125 665,125
12/01/2040 435,000 7.500% 235,125 670,125
12/01/2041 465,000 7.500% 202,500 667,500
12/01/2042 500,000 7.500% 167,625 667,625
12/01/2043 535,000 7.500% 130,125 665,125
12/01/2044 580,000 7.500% 90,000 670,000
12/01/2045 620,000 7.500% 46,500 666,500
4,720,000 6,949,125 11,669,125
Oct 1,2004 2:14 pm Prepared by Kirkpatrick Penis (1-25 San Dist 04:AOCT104-20NRA) Page 2
•
NET DEBT SERVICE
EAST 1-25 SANITATION DISTRICT
SERIES 2020 G.O.BONDS
Sized for Phase III Growth
Total Capitalized Net Annual
Date Principal Interest Debt Service Interest Debt Service Net D/S
06/01/2021 177,000.00 177,000.00 177,000.00
12/01/2021 177,000.00 177,000.00 177,000.00
06/01/2022 177,000.00 177,000.00 177,000.00
12/01/2022 205,000 177,000.00 382,000.00 177,000.00 205,000.00 205,000
06/01/2023 169,312.50 169,312.50 169,312.50
12/01/2023 205,000 169,312.50 374,312.50 169,312.50 205,000.00 205,000
06/01/2024 161,625.00 161,625.00 161,625.00
12/01/2024 161,625.00 161,625.00 161,625.00 323,250
06/01/2025 161,625.00 161,625.00 161,625.00
12/01/2025 161,625.00 161,625.00 161,625.00 323,250
06/01/2026 161,625.00 161,625.00 161,625.00
12/01/2026 161,625.00 161,625.00 161,625.00 323,250
06/01/2027 161,625.00 161,625.00 161,625.00
12/01/2027 161,625.00 161,625.00 161,625.00 323,250
06/01/2028 161,625.00 161,625.00 161,625.00
12/01/2028 161,625.00 161,625.00 161,625.00 323,250
06/01/2029 161,625.00 161,625.00 161,625.00
12/01/2029 161,625.00 161,625.00 161,625.00 323,250
06/01/2030 161,625.00 161,625.00 161,625.00
12/01/2030 161,625.00 161,625.00 161,625.00 323,250
06/01/2031 161,625.00 161,625.00 161,625.00
12/01/2031 161,625.00 161,625.00 161,625.00 323,250
06/01/2032 161,625.00 161,625.00 161,625.00
12/01/2032 161,625.00 161,625.00 161,625.00 323,250
06/01/2033 161,625.00 161,625.00 161,625.00
12/01/2033 161,625.00 161,625.00 161,625.00 323,250
,� 06/01/2034 161,625.00 161,625.00 161,625.00
12/01/2034 161,625.00 161,625.00 161,625.00 323,250
06/01/2035 161,625.00 161,625.00 161,625.00
12/01/2035 180,000 161,625.00 341,625.00 341,625.00 503,250
06/01/2036 154,875.00 154,875.00 154,875.00
12/01/2036 185,000 154,875.00 339,875.00 339,875.00 494,750
06/01/2037 147,937.50 147,937.50 147,937.50
12/01/2037 200,000 147,937.50 347,937.50 347,937.50 495,875
06/01/2038 140,437.50 140,437.50 140,437.50
12/01/2038 210,000 140,437.50 350,437.50 350,437.50 490,875
06/01/2039 132,562.50 132,562.50 132,562.50
12/01/2039 400,000 132,562.50 532,562.50 532,562.50 665,125
06/01/2040 117,562.50 117,562.50 117,562.50
12/01/2040 435,000 117,562.50 552,562.50 552,562.50 670,125
06/01/2041 101,250.00 101,250.00 101,250.00
12/01/2041 465,000 101,250.00 566,250.00 566,250.00 667,500
06/01/2042 83,812.50 83,812.50 83,812.50
12/01/2042 500,000 83,812.50 583,812.50 583,812.50 667,625
06/01/2043 65,062.50 65,062.50 65,062.50
12/01/2043 535,000 65,062.50 600,062.50 600,062.50 665,125
06/01/2044 45,000.00 45,000.00 45,000.00
12/01/2044 580,000 45,000.00 625,000.00 625,000.00 670,000
06/01/2045 23,250.00 23,250.00 23,250.00
12/01/2045 620,000 23,250.00 643,250.00 643,250.00 666,500
4,720,000 6,949,125.00 11,669,125.00 1,046,625.00 10,622,500.00 10,622,500
Oct 1,2004 2:14 pm Prepared by Kirkpatrick Pettis (I-25 San Dist 04:AOCT104-20NRA) Page 3
NOV-24-2004 03:18Pµ FROM—callins&cockrel&tole + 1-302 P.002/002 F-871
COLLINS COCKREL & COLE
PAUL R.COCKREL A PROFESSIONAL CORPORATION TELEPHONE
JAMES P.COLLINS ATTORNEYS AT LAW 303-5813-1651
ROBERT O.COLE 3130 UNION POULEVARD,SUITE400 600-354-6941
TIMOTHY J.FLYNN DENVER,COLORADO 80226-1556 TELEFAX
EVAN D.ELA 303.986-1756
E-MAIL
HEIDI ANDERSON HUMBEUTEL JCOLLINS®CCCFIRM.COM
DAVID S.O•LEARv November 24, 2004
LINDA C.ALEXANDER
VIA FACSIMILE: (970) 304-6498
Mr. Kim Ogle, Planner
Department of Planning Services
Weld County
918 10th Street
Greeley, Colorado 80631
Re: 2004-XX- Request for a Service Plan for Sanitation Metropolitan District on
a parcel of land described as part of Section 31 and 32, T4N, R67W; all of
Section 35 and 36, T4N, R68W; part of Section 5, all of Section 6, 7, 8, 17, 18,
19 and part of Section 20, T3N, R67W; all of Section 1, 2, 11, 12, 13, 14, 23
and 24, T3N, R68W of the 6" P.M., Weld County, Colorado.
Dear Mr. Ogle:
Thank you for your letter of November 22 regarding the above-referenced subject setting
the meeting with the Weld County Planning Commission for December 21.
The second paragraph of your letter references notice to mineral estate owners, pursuant
to § 24-65.5-103, C.R.S. That statute actually requires notification to mineral estate owners
thirty days prior to a local government conducting a public hearing on an "Application for
development." It is our belief that this Application for Approval of the Service Plan does not
constitute, under § 24-65.5-102 (2)(a), C.R.S., an Application for Development. Additionally,
there is not sufficient time prior to the.December 21 meeting date to achieve such a notice "Not
less than thirty days before the date scheduled for the initial public hearing. . . . "
Accordingly, we hope that this portion of the letter was simply part of a standard form
letter, and actually is not applicable to us. Please let us know at your earliest convenience.
Sincerely,
COLLINS COCKREL & COLE
o ssional Corporation
James P. Collins
JPC/zah
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