First National Bank of Durango will be our Construction Loan provider for Phase 1. Having the construction loan financing in place before going to bid is one of the requirements of our Letter of Conditions for our USDA funded project. Many thanks to First National Bank of Durango!
On July 8, 2017 form 9:30 am – 4:00 pm the LPWWA Board will be available at the Breen Community building to help anyone to signup or to answer any question anyone might have in the LPWWA district. This is a come and go at your convenience event. We hope to see you there so everyone is up-to-date with the facts of the project. If you can’t make this event then please call any board member to answer any of you questions or help get you signed up.
If you can come up with $3,000 or more of the current $10,000 subscription fee before the July 10, 2017 deadline, we will work with you so you can make monthly payments to pay off the balance over no more than 56 months. In addition to the payments toward your subscription fee, you’ll also need to pay the monthly costs applicable to your subscription when service is available for your property. The easiest and simplest way to reduce costs for EVERYONE on the system is to get additional subscribers at this point in time. By getting more subscribers, the fixed amount of the USDA loan payment will be shared by more people than those currently signed up, which will lower costs for EVERYONE.
Call (970) 403-5790 for more details. Deadline to use this is July 10, 2017
The board now thinks the estimated Monthly Base Rate will be $119 ($15 reduction) and the estimated Water Rate to be $7.50 ( $1 increase). A household using 3,000 Gal/month would then cost about $142.
The board voted to table the water dock issue in Phase 1 but we will consider it in future phases.