HomeMy WebLinkAbout20043362.tiff RESOLUTION
RE: ACCEPTANCE OF FILING OF SERVICE PLAN AND REFERRAL TO WELD COUNTY
PLANNING COMMISSION FOR STUDY AND RECOMMENDATION - EAST 1-25
SANITATION DISTRICT
WHEREAS, the Board of County Commissioners of Weld County, Colorado, pursuant to
Colorado statute and the Weld County Home Rule Charter, is vested with the authority of
administering the affairs of Weld County, Colorado, and
WHEREAS, the Service Plan for the proposed East 1-25 Sanitation District has been
received by the Clerk to the Board from the proposed District's Attorney, James P. Collins, Collins
Cockrel, and Cole, for filing with and consideration by the Board of County Commissioners, and
WHEREAS,Section 32-1-204(2),C. R.S.,requires that the Service Plan be delivered to the
Weld County Planning Commission for study and recommendation to the Board of County
Commissioners,such recommendation to be received by the Board within thirty(30)days after the
filing of the Service Plan, and
WHEREAS,the Board deems that the date of filing should be commensurate with the date
of this Resolution, in order to allow enough time for referrals of the Service Plan to appropriate
agencies for comment prior to the public hearing before the Planning Commission, and
WHEREAS,the Board of County Commissioners deems it advisable to accept the filing of
the Service Plan as of November22,2004,and to refer it to the Weld County Planning Commission
for study and recommendation back to the Board of County Commissioners,such recommendation
to be received by the Board within thirty (30) days hereof(no later than December 22, 2004), and
WHEREAS, the Board of County Commissioners shall, upon receipt of the Planning
Commission recommendation, set a public hearing date for its consideration of said Service Plan.
NOW,THEREFORE, BE IT RESOLVED by the Board of County Commissioners of Weld
County, Colorado, that the filing of the Service Plan for the proposed East I-25 Sanitation District
be, and hereby is, accepted.
BE IT FURTHER RESOLVED that said Service Plan be,and hereby is, referred to the Weld
County Planning Commission for study and recommendation back to the Board of County
Commissioners, such recommendation to be received by the Board within thirty(30) days hereof
(no later than December 22, 2004).
2004-3362
SD0094
�� : PZ- ;
RE: SERVICE PLAN - EAST I-25 SANITATION DISTRICT
PAGE 2
The above and foregoing Resolution was,on motion duly made and seconded,adopted by
the following vote on the 22nd day of November, A.D., 2004.
BOARD OF COUNTY COMMISSIONERS
W D COUNTY, COLORADO
ianeiltbia%
Robert D. Masden, Chair
Clerk to the Board
let st-z
isb1 9 William H. Je e, Pro-Tern
eputy Clerk to the Board
PPRO S TO FORM'
EXCUSED
/ E. Long
my Attor �i �` ii6Lejztc39
Glenn Vaad
Date of signature: /9-—11f'
2004-3362
S D0094
COLLINS COCKREL & COLE
PAUL R.COCKREL A PROFESSIONAL CORPORATION TELEPHONE
JAMES P.COLLINS 303-986-1551
ROBERT G.COLE ATTORNEYS AT LAW
800-354-5941
390 UNION BOULEVARD,SUITE 400
TIMOTHY J.FLYNN DENVER,COLORADO 80228-1556 TELEFAX
EVAN D.ELA
303-986-1755
E-MAIL
HEIDI ANDERSON HUMBEUTEL
CCC FI RM@CCCFI RM.COM
DAVID S.O'LEARY
LINDA G.ALEXANDER
November 8, 2004
VIA FEDERAL EXPRESS
Mr. Steve Moreno
Weld County Clerk and Recorder
1402 North Seventeenth Avenue
Greeley, Colorado 80631
Re: Proposed East I-25 Sanitation District
Dear Mr. Moreno:
Enclosed are sixteen (16) copies of the Service Plan for the proposed East I-25
Sanitation District, which are hereby filed for consideration by the Board of County
Commissioners in accordance with §32-1-202(1), C.R.S. Additionally, enclosed is
our check for processing fees in the amount of$500, pursuant to §32-1-202(3), C.R.S.
We understand that the Board of County Commissioners will set the public
hearing on this matter at its next regular public meeting following final action by the
Planning Commission, pursuant to §32-1-202(1), C.R.S. It is our understanding that,
upon receipt of this letter, you will forward the copies to the Planning Commission.
The following documentation is also enclosed with respect to this matter:
1. A Petition for Organization requesting that action is taken as necessary
preliminary to consideration a Resolution of Approval of the Service
Plan, for use by the Board of County Commissioners.
2. Transmittal to the Division of Local Government with Notice of Filing
of Special District Service Plan, which is to be signed by you and sent
within five days of this filing, pursuant to §32-1-202(1), C.R.S.
2004-3362
COLLINS COCKREL & COLE
Mr. Steve Moreno
November 5, 2004
Page 2
If you have any questions regarding any of the above, please contact me.
Thank you for your assistance and attention to this matter.
Sincerely,
COLLINS COCKREL & COLE
A Professtbnal Corporation
James P. Collins
JPC/sm l�
Enclosures
cc w/encl: Bruce Barker, Weld County Attorney
State Auditor
Division of Local Government
PETITION FOR ORGANIZATION
IN RE THE ORGANIZATION OF EAST I-25 SANITATION DISTRICT, WELD COUNTY,
COLORADO
TO: BOARD OF COUNTY COMMISSIONERS, WELD COUNTY, COLORADO
Pursuant to the provisions of the Special District Act ("Act") and more particularly
§32-1-202, C.R.S., the persons proposing the organization of the East I-25 Sanitation District
("District") in Weld County, Colorado, by their attorneys, Collins Cockrel & Cole, a
Professional Corporation, submit the Service Plan of the District and respectfully petition the
Board of County Commissioners of the County of Weld for a Resolution of Approval, and
certain other preliminary actions relating thereto, for the District.
In support of this Petition, the Petitioners state:
1. That on October , 2004, there was filed with the County Clerk and Recorder
for the Board of County Commissioners of Weld County the Service Plan for the
proposed East I-25 Sanitation District.
2. That the Service Plan fully complies with all provisions of Part 2 of the Act and
more particularly §32-1-202, C.R.S.
3. That the maximum processing fee required by the Act in the amount of$500 has
accompanied the Service Plan.
WHEREFORE, the Petitioners request the Board of County Commissioners to enter
such orders as may be necessary or proper preliminary to, and in connection with, a Resolution
of Approval of the Service Plan of the proposed East I-25 Sanitation District, including
providing written notice of the hearing to the Division of Local Government pursuant to §32-1-
202(1) and to all interested parties, and making publication of the hearing as required pursuant
to §32-1-204(1), C.R.S., and submitting the appropriate report to the Division of Local
Government pursuant to §32-1-202(1), C.R.S.
COLLINS CQCKREL & COLE,
a Professional Corporati 2
�y(--‘:--/-7(j&1/4/ � cz:
James P. Collins
390 Union Boulevard, Suite 400
Denver, Colorado 80228
(303) 986-1551
Attorney for the Proponents of
East I-25 Sanitation District
East 1-25 San/Servsce PIard
PetitionOrgani vt ion-SP.doc
STATE OF COLORADO
DIVISION OF LOCAL GOVERNMENT Department of Local Affairs
Oet O.-.M
t.Cvenlor
Bob Brooks
Executive
NOTICE OF FILING OF SPECIAL DISTRICT SERVICE PLAN Drteam
Pursuant to CRS 32-1-202 (1), the County Clerk and Recorder shall notify the Division of
Local Government within five days after the filing of a service plan for the formation of a
new special district. Please provide the information indicated and return this form to the
Division of Local Government.
East I-25 Sanitation District November 8, 2004
Name of Proposed District Filing Date
Sanitation District Not yet scheduled
Type of District Proposed Date of Hearing
Not yet scheduled Weld County
Time of Hearing Location of Hearing
James P. Collins (303) 986-1551
Contact Person Filing Service Plan Phone
Weld
County Receiving Service Plan
tativida1/71Z ,( November 12, 2004
Clerkt0 the Board Date
FORM DLG- 60
Revised 7/92
1313 Sherman Street,Room 521,Denver,Colorado 80203 (303)866-2156 FAX(303) 866-4819 TDD(303) 866-5300
EAST I-25 SANITATION DISTRICT
November 2004
EAST I-25 SANITATION DISTRICT SERVICE PLAN
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
November 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 i November 2004
LIST OF TABLES
Table 1 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 I-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 Properties
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
East 1-25 Sanitation District ii November 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 I, II
and III. Phases H and III would not be served without typical petitions 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 infrastructure 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
East 1-25 Sanitation District 1 November 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.
East 1-25 Sanitation District 2 November 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 or 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.
East 1-25 Sanitation District 3 November 2004
2.0 PRELIMINARY ENGINEERING SUMMARY
Properties to be served in Phase I are shown in Appendix A. Table 1 includes property ownership,
acreage for each Phase I property owner, and current assessed valuation (light blue). Appendix B
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.
Appendix A 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 I Phase I Property Owners
Owner Acreage Assessed Valuation
Williamson 73 $1,149,890
Ray and Alma School 388 $14, 870
Sekich 1000 $327,080
Reynolds 458 $63,630
Maass 269 $31,810
Woods 294 $42,030
Owen 410 $68,660
Miller 160 $19,180
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 %3-mile of Interstate I-25 (I-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
future commercial development potential on 10 percent of each 40 acre parcel. All other properties are
East 1-25 Sanitation District 4 November 2004
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.
East 1-25 Sanitation District 5 November 2004
► I I I I I I I I I I I I I I I I I I
Table 2 East 1-25 Sanitation District Interceptor Sewer—Phase I
Land Use(%) Average Flow(gal/day) Peak Flow(gal/day) Total Peak Flow
Area Acres Residential Commercial Industrial Residential Commercial Industrial Residential Commercial Industrial (gal/day)
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
11 160 100 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 0 192,000 - - 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 4561 200 718,500 24,000 5,303,700
East 1-25 Sanitation District 6 November 2004
► I I I I I I I I I I I I I I I I I I
Table 3 East 1-25 Sanitation District Interceptor Sewer—Phase II
Land Use(%) Average Flow(gaVday) Peak Flow(gal/day) Total Peak Flow I
Area Acres Residential Commercial Industrial Residential Commercial Industrial Residential Commercial Industrial (gaVday)
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 I-25 Sanitation District Interceptor Sewer—Phase III _
Land Use Average Flow(gal/day) Peak Flow(gal/day) Total Peak Flow
Area Acres Residential Commercial _ Industrial Residential Commercial Industrial Residential Commercial Industrial (gaVday)
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 108000 - 717,600
East 1-25 Sanitation District 7 November 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
East 1-25 Sanitation District 8 November 2004
2.13 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 of 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.
East 1-25 Sanitation District 9 November 2004
Table 6 Preliminary Opinion of Probable Construction Costs—Phase If
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" DR25 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.
East 1-25 Sanitation District 10 November 2004
23 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" SDR35PVC 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 I 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.
2.33 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
— East 1-25 Sanitation District 11 November 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 HI 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. 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.
East 1-25 Sanitation District 12 November 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
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.
East 1-25 Sanitation District 13 November 2004
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 federal, state, or local requirements,
and, in particular, substantial compliance with construction specifications of the St. Vrain Sanitation
District.
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.
East 1-25 Sanitation District 14 November 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.
East 1-25 Sanitation District 15 November 2004
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.
Enclosed herewith is a three phase plan, with each of the phases based solely upon
the need of the market and the willingness of the landowners to secure financing.
2. A financial plan showing how the proposed sewer services are to be financed.
The financial plan also is divided into three phases, and again is based solely upon
the development of the market need and the willingness of the property owners to
supply the financial backing necessary to issue bonds;or in the alternative, advance
the improvements with the contingent reimbursement based upon the actual fees
received through the District The Financial Analysis is attached as Exhibit F, has
been developed by the financial experts at Kirkpatrick Pettis Smith Pollan, Inc., and
coordinated by Russ Caldwell. The financials have further been reviewed by Stan
Bernstein and Associates, Inc.
3. A preliminary engineering survey showing how the proposed sewer services are to be
provided.
MFG Consulting Engineers have provided the preliminary engineering and the
preliminary cost estimates, and have reviewed same with the staff of St. Yrain
Sanitation District.
4. A map and legal description of the proposed District boundaries, and an estimate of the
population and valuation for assessment of the District.
A map and legal description of the District boundaries is attached as Exhibits A and
B, and the estimated growth and valuation is contained in the Financial Analysis of
Exhibit F.
5. A general description of the facilities to be constructed and the standards by which they are
to be designed and constructed.
Again, the facilities proposed to be constructed are described in the engineering
summary, certified as the best engineering estimate available by MFG Engineering,
and have been reviewed for reasonableness by the St. Yrain Sanitation District.
6. A general description of the estimated costs of engineering, legal, and administrative
services and other major expenses.
Cost estimates are all contained within the Financial Analysis attached as Exhibit F
7. A description of proposed intergovernmental agreements with other political subdivisions for
the performance of services.
Wastewater treatment through St gain Sanitation District will be provided by
Intergovernmental Agreement, the terms of which have not been concluded St
Yrain Sanitation District does have excess capacity with which to provide the
treatment services, and had indicated a positive acceptance.
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:
East 1-25 Sanitation District 16 November 2004
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.
Development pressures within the proposed District require that
wastewater treatment arrangements be made on a regional, coordinated
basis. Clearly 100% of the property owners within the proposed District
support its formation, and are convinced that a need exists and that the
need will be satisfied through the formation of this District.
b. The existing sewer service in the area of the Development is inadequate for
projected needs.
There is no existing sewer service in the area of the proposed District
c. The District is capable of providing economical and sufficient sewer service to the
area within the District's boundaries.
The engineering survey provides sufficient sewer service as the need arises
to all of the area within the District boundaries, and 100% of the property
owners have agreed that the cost of providing the service is sufficiently
economical
d. The area within the District will not obtain the sewer service proposed from any
other governmental entity.
The Town of Mead does not have the infrastructure capacity to provide
sewer service, and the proponents will demonstrate does not have the
financial capacity to arrange for such service. Additionally the Town of
Mead places unreasonable conditions on the provision of such service, so
as to make it uneconomical;and, therefore, sewer service from Mead is not
practical. In fact, the Town of Mead itself may ultimately utilize the excess
capacity of the treatment facilities of St. Yrain Sanitation District, and may
even utilize District facilities to achieve such service. The District stands
ready to cooperate fairly with the Town of Mead.
e. The facility and service standards of the District will be compatible with those of the
County and State.
The facility and service standards of the District have been drawn to
comply with the County and State requirements; and also with the
standards of St. Yrain Sanitation District, including the lift station.
f. The proposal is in compliance with the County Master Plan.
While compliance with the County Master Plan calls for a subjective
conclusion, it is the opinion of the proponents that the formation of a
regional Sanitation District is in compliance. The regional Sanitation
District will utilize already approved and constructed wastewater treatment
capacity through St Yrain Sanitation District, with the actual construction
of infrastructure based solely upon ultimate County land use decisions.
District is able to remain flexible to accommodate future zoning changes.
g. The proposal is in compliance with the duly adopted county, regional,or state long-
range water quality management plan for the area.
While compliance with water quality management plans is a subjective
conclusion, proponents believe that the proposed District is in compliance
East 1-25 Sanitation District 17 November 2004
with the goal for providing an infrastructure construction vehicle for
wastewater treatment collection. The proposal utilizes an already approved
and constructed wastewater treatment facility at St. Vrain Sanitation
District.
h. The organization of the District will be in the best interest of the area proposed to be
served.
The area proposed to be served is in need of regional wastewater treatment
_ collection facilities, and the creation of a Sanitation District is the best
method of providing the service. 100% of the proponents believe the
District will be in the best interests of the area.
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.
East 1-25 Sanitation District 18 November 2004
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- EXHIBIT MAP FOR LEGAL DESCRIPTIONS OF
4000 0 4000IImil OWNERS INCLUDED IN SERVICE PLAN
PREPARED SEPT. 1 2004 BY CDS ENGINEERING CORP.
SCALE 1"=4000' REVISED OCTOBER 25, 2004
LEGAL DESCRIPTIONS OF PROPERTY OWNERS
NO PORTION OF THE FOLLOWING PROPERTIES IS WITHIN THE ANNEXED
LIMITS OF THE TOWN OF MEAD, COLORADO
1. Ken and Connie Williamson 15 Properties
Assessors Parcel#s: 12072300018, 120723203001, 120723203002, 120723203003,
120723203004, 120723203005, 120723203007, 120723203008, 120723203010,
120723203011, 120723202005, 120723202006, 120723202007, 120723202014,
120723202012,
Parts of the NW IA Section 23, Township 3 North, Range 68 West
(Legal descriptions taken from assessors records)
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 3 Properties
Assessors Parcel#s: 106135200026, 106135000027, and 106135200028
The following Portions of the Northwest, Northeast and the Southeast
Quarters of Section 35, Township 4 North, Range 68 West-
1.) SE4 34 4 68 Except Tract of land 1709' x 510' also except 1709' x 51' and except for
UPRR reservation
2.)NE4 35 4 68 EXC UPRR reservation
3.)PT NW4 35-4-68 BEG NE COR NW4 S89D07'W 2621.76' S0D24'W 1628.83'
N89D07'E 2621.06'N0D26'E 1628.84'TO POB
Total acreage 388 acres Total assessed value $14,870
1
3. Nick Sekich 11 Properties
Assessors Parcel#s: 120919200059, 120918000018, 120918000006, 120917300018,
120920000020, 120919100061, 120919100056, 120919000010, 120919000011,
120919400057, 120919400058
The following portions of the, South One-half of Sections 17 and 18, the
North One-half and the Southeast Quarter of Section 19, the North One-half
of Section 20 of Township 3 North, Range 67 West
(legal descriptions taken from assessors records)
1.)PT NW4 19-3-67 LOT B AMD REC EXEMPT RE-1590& SE-720
2.)PT SW4 18-3-67 LOT B AMD REC EXEMPT RE-2819
3.) SE418367
4.) S2 17-3-67 EXC BEG SE COR TUN S89D30'W 193.01' CURVE R RADIUS 650'
CHORD N17D14'E 146.62' CURVE L RADIUS 2235'CHORD N08D0TE 206.26'
N05D28'E 252.23'CURVE L RADIUS 2475' CHORD NO3DOO'E 213.61'NOD3 1'E
1104.13' CURVE L RADIUS 1470' CHORD N04D39'E
5.)ALL THAT PT N2 20 3 67 N OF DITCH &W OF CO RD
6.)N2NE4 19-3-67 ALSO BEG ONE LN NE4 192'S OF N 1/16 COR S86D33'W 550'
N78D36'W 1336'TON LN S2NE4 THE ALG N LN S2NE4 TON 1/16 COR ON E
LN NE4 S192'TO BEG(6.4A M/L) EXC 2.9A M/L DEEDED TO CALLAHAN
RES &IRR CO ALSO EXC Ll SE 943
7.)PT S2NE4 19-3-67 DESC AS ALL THAT LYING S&E OF 2 LINES (LYING S OF)
FOL DESC LN BEG NE COR TH S1473' TO TRUE POB S86D33'W 550'
N78D36'W 1336'AND (LYING E OF)FOL DESC LN BEG N4 COR S 1249.5'
N88D31'E 485'N48D51'E 342'N87D45'E 27' SO1D14'W 244' S2
8.)PT E2 19 3 67 BEG ON W LN W2NE4 1249.5'S OF 1/4 COR ON N LN SEC S1390'
S70D19'E 950'N25D02'E 400'N09D55'E 190'NOD20'E 155'N16D23'W 150'
N39D12'W 350'N33D52'W 135'N11DW 75'N04D41'W 180'N16D37'E 70'
N34D25'E 107'N24D13'W 75'N01D14'E
9.)PT E2 19 3 67 BEG CEN SEC WHENCE N4 COR SEC BEARS NODOSE 2633.73'
TH ALG S LN NE4 S88D12'E 841.43'TO TRUE POB CURVE RADIUS 1391.00'
CHORD N74D06'E 232.06' S1ODOO'W 2.44' S25D07'W 400'N70D13'W 391.88'TH
ALG CURVE TO RIGHT RADIUS 1391.00'
_ 10.)W2SE4 19-3-67 EXC ALL THAT LYING N OF DESC LN BEG N4 COR S1249.5'
CONT S1390'TO TRUE POB S70D19'E 950 N25D02'E TO THE N LN SW4
11.)E2SE4 19-3-67
Total acreage 1000 acres Total assessed Value $327,080
2
• 4. Tom Reynolds 9 Properties
Assessors Parcel#s: 120724000005, 120724000006, 120724000007, 120724000008,
120724000022, 120723000032, 120723000033,120724000037, 120723000025
The following portions of the Northeast Quarter of Section 23 and the North
_ one-half of Section 24 of Township 3 North, Range 68 West
(legal descriptions taken from assessor's records)
1.)PT NE4 24-3-68 LOT A REC EXEMPT RE-2478
2.)PT NE4 24-3-68 LOT B REC EXEMPT RE-2478
2.)PT NE4 24-3-68 LOT C REC EXEMPT RE-2478
4.) PT NE4 24-3-68 SUB EXEMPT SE-768
5.)A PT NW4 24 3 68 BEG W4 COR OF SEC N0D27'W 393.11' S31D20'E 456.68'
S89D15'W 234.49'TO BEG
6.) PT NE4 23 3 68 BEG N4 COR S0D46B 1459.03' THENCE ALONG SLY BANK
OF DITCH S40D12'E 167.70' S80D24'E 49.37'N70D49'E 67.06' S77D03'E 45.11'
S26D15'E 84.35' S50D21'E 44.27' S88D24'E 55.39'N46D15'E 53.99'N18D14'E
65.49'N50D14'E 37.99'N82D3
7.)NE4 23 3 68 EXC BEG N0D27'W 443.11'FROM E4 COR N0D27'W 455.70'
S89D15'W 217.21' S25D59'E 503.79'M/L TO BEG ALSO EXC PARCEL DEEDED
TO KURTZ BY REC#1771722
8.)NW4 24-3-68 PT LOT B REC EXEMPT RE-508
9.) PT NM 23-3-68 PT LOT B REC EXEMPT RE-508
Total acreage 458 acres Total assessed value $63,630
5. Merle Maass 4 Properties
Assessors Parcel#s: 120702000047, 120702000048, 120702000049, 120701000023
— Portions of the West One-half of Section 1 and the East One-half of Section
2 of Township 3 North, Range 68 West
(Legal descriptions taken from assessor's records)
1.)PT E2 2-3-68 LOT B REC EXEMPT RE-871
2.) PT E2 2 3 68 BEG N89D15'E 990' FROM N4 COR SEC N89D15'E 1686.83'
_ S0D14'W 2615.34'N89D15'W 1502.54'N40D17'W 267.93'2408.59' TO BEG
3.) PT E2 2 3 68 BEG N4 COR N89D15'E 990' S2408.59' S40D17'E 267.93' TO TRUE
POB TH S89D15'E 1502.54'TOE LN SEC S0D14'W 1527.88'TO N ROW GWRR
S29D24'W 670.92'N23D57'W 1649.49'N40D17'W 767.96' TO TRUE POB
4.)PT W2SW4/PT SW4NW4 1 3 68 LYING S OF CLENNON LATERAL DITCH
AND W OF RR ROW
Total acreage 269 acres Total Assessed Value $31,810
3
6. Bill and Gary Woods 2 Properties
Assessors Parcel#s: 120724000004, 120723000011
Portions of the Southeast Quarter of Section 23 and the Southwest Quarter
of Section 24 of Township 3 North, Range 68 West
(Legal descriptions taken from assessor's records)
1.) PT SW4 24-3-68 LOT B 2ND AMD REC EXEMPT RE-1811 (RECORDED AS
2ND AMD REC EXEMPT RE-1181 IN REC #2862592 07/03/01)
2.) SE4 23 3 68 EXC UPRR RES
Total acreage 294 acres Total assessed value $42,030
7. Don and Scott Owen 5 Properties
Assessors Parcel#s: 120711000004, 120711000089, 120711000090, 120711000091,
120712000073
Portions of Section 11 and a portion of the West One-half of Section 12 of
Township 3 North, Range 68 West
(Legal descriptions taken from assessor's records)
1.)NE4SE4 11 3 68
2.)NE4 11 3 68 EXC BEG NE COR SEC 589O32'W 598.23' S28D57'W 584'TO BEG
OF CURVE TOW DELTA=23D20'R=968.61'ARC OF 394.46' S52D17'W 175'
N70D09'E 566' S19D51'E 150'N70D09'E 140'NOD15'E 119.30'N70D53'E 593'M/L
N508.17'TO BEG ALSO EXC PT NE4 11-3-68 LOT B REC EXEMPT RE-1052
ALSO EXC PT NM 11-3-68 LOT A REC EXEMPT RE-1052
3.)NW4 11 3 68 EXC BEG 50'E OF NW COR E500' S0D13'W 435.6'W500'NOD13'E
435.6'TO BEG ALSO EXC PT LYING S OF GWRR
4.)NW4 SE4 11 3 68 EXC REC#2835318
5.) PT W2 12-3-68 LOT B REC EXEMPT RE-1743
Total acreage 410 acres Total assessed value $68, 660
4
8. Ed Kanemoto for Larry Miller 2 Properties
Assessors Parcel#s: 120711000092, 120711000093
Portions of Section 11, Township 3 North, Range 68 West
(Legal descriptions taken from assessor's records)
1.) PT 11 3 68 BEG W4 COR SEC N0D28'57"E 587.75' TO SLY LN GW RR
N75D56'39"E 93.1'TO TRUE POB N75D56'39"E 2648.61' TO N-S C/L SEC
SOD30'05"W 17893' S89D29'55"E 672.74' S0D43'19"W 794.32'N89D49'41"W 300'
N88D58'45"W 82.76'N51D10'59"W 2384.41' W1004' TOE LN I-25 N03D35'37"E
450.00 TO BEG
2.) PT 11 3 68 BEG W4 COR SEC N0D28'37"E 587.75'TO SLY LN GW RR
N75D56'39"E 93.1'TO ELY LN I-25 S03D35'37W 450'TO TRUE POB E1004'
S51D10'59"E 2384.41' S0D52'30"W 510.57' TO N LN SUB EXEMPT SE-278
S89D33'46W 100.71' S56D42'25W 472.45' S0D53'W 44.7' S36D08'E 200.70
N81D18'32"W 394.61' N57D30'28"W 429.0' N46D57'37"W 1096.31'
N43D49'10"W 1083.51' N22D30'04" W 367.60' N89D20'28"W 50.0'
N00D28'37"W 28.94' N03D35'37"E 283.35' TO TPOB
Total acreage 160 acres Total assessed value $19,180
5
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EXHIBIT MAP FOR LEGAL DESCRIPTIONS OF
4000 0 4000 APPROXIMATE ULTIMATE DISTRICT BOUNDARY
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
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EAST 1-25 SANITATION DISTRICT PROPOSED SEWER ALIGNMENT
- SVSD's Sewer Lines 0 East I-25 Proposed 208 i/// Potential Service Area
- Roads SVSD's 208 SVSD's Plant
Property Owners
Pagel d2
EAST I-25 SANITATION DISTRICT PHASE 1
Development Projection;Tap Fees for 13.5.mu 5 mills for OVA
8er.2005 Bead Issue,Non-Rated,30-yr maturity
Residential PleRadlOeveloosd I old Commercial
4tetman NYd VW Mod Vice Mt Volts M'S VW
Ted BIwibl 07.86%a OM%a Tad &wJY •29%of Teal Total Toe Fe. Tats
CuryYaa Rwemitu Guided,' WMe Tea cumulative dd.due Capri Rweeeae cumulative 1rmtir Who Assessed Total Collections TY Ras Made
YEAR Heel Units 2% Mika Value 2 YFat Tod Caumt EF 2% Mad value Yale W e3% 517MmFE rennin
2002 0 50 $7,20,621 $0 $0 $0 $0
2003 0 50 $0 58,720,579 $0 SO $0 $0 5.000 $0 $0 0
201 0 0 0 0 8,647.790 $2,088,180 0 0 0 2058,150 5,000 510,232 10,232
205 0 0 0 8.167.749 11,948,968 205.15 24.794.701 0 1,948,968 5,000 19,550 359,01 388,565
2006 0 0 0 0 12.167,708 2,507,859 205,15 495.891 50,829,137 0 2,507,859 5.000 12,289 359.01 371,303
2007 180 49,112,715 0 11.707,888 2,368,647 205.15 77,133,635 7,190,463 9.559.110 5.070 47,500 874,01 721.515
2008 180 983,454 100,604,068 0 11.227,625 3,534,435 205,15 1,542,677 105.770.350 14,740,450 18,274.885 4.188 75,000 674,01 749,015
2009 180 152,971,399 3,914.148 10,747,583 3.395.223 205,15 133,677,004 22,388,812 29.678,163 2.604 75.750 674,01 749.765
2010 180 3,059,426 209,763,180 8,024,004 10,287,542 3,258,011 205,15 2,673,540 185,094,398 30,673,402 41,953,416 1.861 76,508 674,01 750.522
2011 180 265,107,504 12,176,523 9,787,501 3,116,799 205,15 194,70,568 38,786.331 54,059,654 1.459 77,273 874,01 751.287
2012 180 5,302,150 327,414,308 16,697,149 9,307,459 2,977,587 215,15 3,894,011 229,088,933 47,877.375 67,552,112 1.179 78.015 674,01 752.00
2013 180 386,129,101 21,102,557 8,821,418 2,838,375 215,15 20,498,118 56,483,165 80,404,097 1.000 78,826 674,01 752,840
2014 180 7,722.582 454,327,920 26,062,179 8,074,564 2,699,163 205,15 5,2 9,982 298,059,541 86,435,791 95,197,133 0.853 79.614 614,01 753.629
2015 180 518,618,445 30,735,876 7,594,522 2,559,951 177,87 327,605,183 75,544,454 108,640,282 0.754 80,410 626,27 706,683
2016 180 10,332,369 526.950,814 38,164,502 7.114,481 2,341,624 177,87 6,552,104 364,589,297 68,437,267 124,943,393 0.663 81,214 628,27 707,487
2017 180 526,950,814 41,122,828 2,634,440 2,202,412 177,87 364,589,297 95,005,503 138,330,743 0.605 82,026 626,27 70,299
2016 20 10,539,016 537,489,830 41,945,285 2.134,440 2,063,200 177,87 7,291,786 371,881,083 105,730,896 149,739,380 0.585 82,847 346,27 429,119
2019 0 537,489,830 41,945,285 (0) 763,988 177,87 371,881,083 105,730,896 148,440,168 0.575 63,675 311,27 394,948
2020 10,749,797 548,239,626 42,784,190 (0) 618,988 7,437,622 379,318,705 107,845,514 151,248,692 0.570 84,512 84,512
2021 548.239,628 42,184,10 (I 379,318,705 107,845,514 150,629,704 0.578 85,357 85,357
2022 10984,793 559,204,419 43,639,674 (I 7,588,374 386,905,079 110,02,424 153,642,299 0.573 86,211 86,211
2023 559,204.419 43,839,874 386,905,079 110,002.424 153,842,299 0.578 87.073 87,073
2024 11,184,068 570.388,501 44,512,672 7,738,102 394,643,181 112,202,473 158,715,145 0.573 87,943 87,943
2025 570,388.507 44,512,672 394,643,161 112,202,473 156,715,145 0.578 88,623 68,823
2026 11,407.770 581,796,277 45,402,925 7,892,864 402,536,044' 114,446,522 159,849,448 0.573 69,711 89,711
2027 581,796,277 45,402,925 402,536,044 114,446,522 159,849,448 0.578 90,608 90,608
2028 11,635.926 593,432,203 46,310,961 8,050,721 410,588,765 116,735,453 163,048,438 0.573 91,514 91,514
2029 593,432.203 46,310,984 410,586,765 116,735,453 163,046,436 0.578 92,429 92,429
2030 11.868,844 605,30,847 47,237.203 8,211,735 418,798,500 119,070,162 186,307,365 0.573 93,354 93,354
2031 605,300,847 47,237,203 416798,500 119,070,162 168,307.365 0.579 94,287 94,287
2032 12,106,017 617,406884 48,181,947 8,375.970 427,174,470 121,451,565 169,633.513 0.573 95,230 95,230
2033 617,406,864 48,181,947 427.174,470 121,451,565 189,633.513 0,579 96,182 96,182
2034 12,348.137 629,755,01 49,145,588 8,543.489 435.717,960 123,880,596 173,026.183 0.573 97,144 97,144
2035 629,755,001 49,145,588 435,717,960 123,880,596 173,026,183 0.519 98,116 98,118
2036 12,595,100 642,350,101 50,128,498 8,714,359 444,432,319 126,358,208 176,486.706 0,573 99,097 99.097
2037 642,350,101 50,128,498 444,432,319 128,358,20 176,486.706 0.579 100,088 100,088
2038 12,847,002 655,197,103 51,131,068 6,888.846 453,320,985 128,885,372 180,016,441 0.573 101,089 101,089
2039 855,197,103 51,131.068 453,321,965 128,885,372 180,016,441 0.579 102,10 102,100
2040 13,103,942 668,301,045 52,153,689 9,066,419 462,387,385 131,463,00 183,816,769 0.573 103,121 103,121
2041 668,301.045 52,153,889 462,387,385 131,463,080 183,816.789 0,579 104,152 104,152
2042 13,386,021 681,687,066 53,196,783 9,247,746 471,635,132 134,092,342 187,289,105 0.513 105,193 105,193
2043 681,667.066 53,196,763 471,635,132 134,092,342 187,289,105 0519 106,245 106,245
2044 681,667,066 51,20,698 471.835,132 136,774,188 191,034,887 0.573 107,308 107,308
2,000 182.116,238 2,940,863 127,414,023 3,417,644 8,646,509 12,064,153
10/1/2004 A 8125 NR Fin Run 04 NR Fin Pen Prepared by Kirkpatrick Palls
I I I I I ► I I I I I I 1 1 1 1 1 1 I
I Page 2 of 2
EAST 1-25 SANITATION DISTRICT PHASE 1
Dawlapnmm Protection;Tap Fees for D.S.maa 5 mills for 01111
Sr.2005 Band Issue,Non-Rated,30yr maturity
W DNaN1 5-.2005
Adak,'WM0 MARImpw
Ire-dMr3,ma 9wl10m.543 Cuw4tlw
M*51% tMwip. NM Amiable IMO'S Samuel W*..
YEAR ,1Mo for Debt Mc Salvo ankle Main target
2002 SO 0 0
2003 SO 0 0
2004 10232 $0 10232 10,232
2005 10.000 358.56 0 358,565 36B,797
2008 12,500 358.80 0 358,803 727,600
2007 41.500 674,01 0 674,015 1401,615
2008 25,000 674.01 622.125 1,690 1,403.504
2009 75.750 674.01 672,000 2,015 1.405.519
2010 76,500 674.01 670.000 4.015 1.409.534
2011 77,273 674,01 671,125 2.890 1.412.423
2012 78,045 674,01 670,000 4.015 1,416,438
2013 78,826 874,01 871,625 2,390 1,418,828
2014 79,614 674,01 625,825 48.390 1,462,217
2015 80,410 626.27 625,375 898 1,468,115
2018 81,214 628,27 822,500 3.773 1.471,887
2011 82,026 628,27 342.000 284,273 1,756,160
2018 82,847 348,27 279,500 66.773 1.822,932
2019 83,675 311,27 311,273 2,134,205
2020 84,512 2.134,205
2021 85,357 2,134,205
2022 68,211 2,134,205
2023 87,073 2,134,205
2024 87,943 2,134,205
2025 88,823 2,134,205
2026 89,711 2,134,205
2027 90,608 2,134,205
2028 91,514 2,134,205
' 2029 92,429 2,134,205
2030 93.354 2.131,205
2031 94,287 2,134,205
2032 95,230 2,134,205
2033 96,182 2,134,205
2034 97,144 2,134,205
2035 98,116 2,134,205
2038 99,097 2,134,205
2037 100,088 2.134,205
2038 101,089 2,134,205
2039 102,100 2,134,205
2040 103.121 2,134,205
2041 104.152 2,134,205
2042 105,193 2.134,205
2043 106.245 2,134,26
244 107,308 2,131,25
3,408,074 0,658,080 6.521,67 2,134,205
P00100 ob.N
10/1/2004 A 8125 NR Fin Plan 04 NR Fin Plan Prepared by Kirkpatrick Pettis
• SOURCES AND USES OF FUNDS
EAST 1.25 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 pin Prepared by Kirkpatrick Pettis (I-25 San Dist 04A0CT104-05NR30A) Page 1
• DETAILED BOND DEBT SERVICE
EAST 1-25 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 DIS
—
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 (1-25 San Dist 04:AOCT104-05NR30A) Page 3
• SOURCES AND USES OF FUNDS
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
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 04AOCT104-10NRA) Page 1
-
• DETAILED BOND DEBT SERVICE
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
-
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 (I-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:AOCT104-10NRA) 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 107500.00
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(NRj
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 Pettis (I-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 WS
-
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 177000.00 382,000.00 177,000.00 205,000.00 205,000
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 1-( 25 San Dist 04AOCTiIM-2UNR4) Page 3
DETACH AND RETAIN THIS STATEMENT
COLLINS ..00KREL&COLE IFRNOT CORRECT PL ASESNOTIFY US PRO PTLYM NO RECEIPT DESIRED.
DELUXE-FORM DVC-3 V-SPL NAilt
FOR East I-25 Sanitation
AMOUNT
DATE DESCRIPTION
11/8/04 Filing fee for Service Plan -- East I-25 Sanitation
500.00
District
ACCOUNT # DR. AMOUNT CR. AMOUNT
MAUI
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