A major project that could put Windsor one step closer to water security is inching forward as town leaders explore funding options for the $6.7 million Kyger Gravel Pit redevelopment.
The Windsor Town Board on Monday heard several staff presentations about the early renderings of the 2014 budget, which will be discussed in-depth later this year. The biggest item up for discussion was the Kyger project, which would transform a barren mining area on the outskirts of town near Weld County Road 13 into a 1,100-acre-foot reservoir that would revolutionize how Windsor handles its augmentation water supply.
The funding mechanism is anything but simple, said Dean Moyer, Windsor’s director of finance. He explained that money would stem from a number of different funds, loans and parts of the 2013 and 2014 budgets including:
» $4.5 million, 20-year loan from the Colorado Water Conservation Board. The draw of borrowing the money is the low-interest rate and flexible repayment options, including early payoff, Moyer said. That would amount to roughly a $250,000-$300,000 each year.
» $750,000 from the 2013 water fund along with $200,000 from the non-potable water fund
» $625,000 from both the park improvement fund and the capital improvement fund divided over 2013 and 2014
The estimated cost of the project is about $6.3 million, but staff wants to ask for more to provide a contingency of about 12 percent, just in case.
Each year, the town must resupply nearby rivers and ditches after drawing water from them throughout the year to irrigate area parks and open spaces. That resupply of water has to be stored somewhere in the meantime, and this has typically been Windsor Lake at Boardwalk Park. Earlier this year, those water levels were drastically low and almost jeopardized the summer recreation season, Town Manager Kelly Arnold said previously.
Though the development would be a non-potable supply, it could pave the way toward even bigger development plans for the area, including a potential for a drinking water treatment facility on an adjacent lot, the board said at a past meeting.
The town will submit a feasibility study to the CWCB this month and plans on officially purchasing the Kyger Reservoir infrastructure in December, Moyer said. Design work is slated to wrap up in June and construction could be done by January 2015.
The reservoir could eventually be used for recreation purposes, but those conversations won’t be happening for about three years, Arnold said Monday.
“We’ve got to get the intended purpose up and running first,” he said, adding that actually filling the reservoir with water will take plenty of time and planning. “Then we can talk about other benefits.”