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<br />rfle:..- <br /> <br />Cf.,50/3a- <br /> <br />STATE OF COLORADO <br /> <br />Colorado Water Conservation Board <br /> <br />Department of Natural Resources <br />1313 Shennan Street, Room 721 <br />Denver, Colorado 80203 <br />Phone: (303) 866-3441 <br />FAX: (303) 866-4474 <br />www.cwcb.state.co.ll5 <br /> <br />.~~'/.CONSS-l'~-" <br />" '0 <br />CI .. '2- <br />;2 '" <br />o. 0 <br />~ '$ <br />. .. <br />~ . 193" . .. <br /> <br />Bill Owens <br />Governor <br /> <br />January 28, 2003 <br /> <br />Greg E. Walcher <br />Executive Director <br /> <br />Rod Kuharich <br />. CWCB Director <br /> <br />Larry Seitz, Partner <br />G.M,S. Land and Cattle, LLC <br />630 Dogwood <br />Cheyenne, WY 82009 <br /> <br />Re: Dam rehabilitation <br />Loan approval <br /> <br />Dan McAuliffe <br />Deputy Director <br /> <br />Dear Larry, <br /> <br />I am pleased to inform you that the Colorado Water Conservation Board (CWCB) has <br />approved your request for a Small Project Loan. The loan is for rehabilitation of the Giffin <br />#1 and #2 Reservoirs. <br /> <br />The Board approved a loan from the Construction Fund in a maximum amount of <br />$200,000 at the loan terms of 2.75% for 30 years or 2.5% for 20 years. The approval <br />includes the provision for a 1 % ($2,000) loan service charge, which may be paid at <br />closing, or financed along with the loan. I have attached a copy of the updated Board <br />memo conceming G,M.S. Land and Cattle, LLC, Please refer to page 3 of that memo and <br />to the section "Action taken by the CWCB January 23, 2003." <br /> <br />When the Board approved this loan it attached several conditions: <br /> <br />1, A Feasibility Study is reQuired. John Van Sciver will continue to work with Duane <br />Smith, P.E. to ensure that the study meets the requirements of the CWCB Construction <br />Fund Guidelines. <br />