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Board reauthorizes Veil Culinary Water Association project to replace aging tanks, approves long-term loan terms
Summary
The Board reauthorized an 85% cost share (up to $1,076,000) and a 1%—30-year loan for a project to replace two failing tanks with a 500,000-gallon concrete tank in Avail; staff noted residents could see near-term bill impacts and adjusted terms to preserve affordability.
The Board of Water Resources reauthorized a long-delayed tank-replacement project for the Veil (Vail) Culinary Water Association, approving staff’s recommendation to fund up to 85% of the cost, capped at $1,076,000, with repayment at 1% interest over 30 years.
Tom (staff) described the project: the system serves roughly 338 existing connections, relies on springs and a well, and…
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