From the Summit Daily News (Caitlin Row):
Dillon’s town staff seeks to secure substantial funds from the Colorado Water Conservation Board for a project that will create water reserves for Dillon, Silverthorne and unincorporated Summit County. “We want to nail (the loan) down,” said Devin Granbery, Dillon’s town manager, noting that an emergency ordinance would put the financial agreement into effect right away. The town is moving quickly to access the loan because Granbery said he’s unsure if more money will be available for water projects in the near future.
While Dillon sought a loan to pay for 90 percent of its portion of the expansion, Silverthorne and the county plan to pay for the project with reserved internal funds. Dillon will pay the remainder of its costs through its water fund. In all, Dillon must pay $1.7 million. The total cost estimate for the expansion is $6.3 million, and it will be shared proportionately between the three entities. The project will include reservoir enlargement, associated improvements, wetlands mitigation and rehabilitation of outlets to the reservoir. The U.S. Forest Service is still reviewing the project’s permit application — the reservoir is located on Forest Service land — and project bids could go out later this year if it’s approved. Construction is slated for 2010.
More Coyote Gulch coverage here.