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<br />Mr. Leon Fritzler, President <br />Springdale Ditch Company <br />May 28, 2003 <br /> <br />Page 2 <br /> <br />b) An RpproVAd eontrRd must hA in plReA hAforA funds eRn hA RdvRncArl Jan 1Ilian <br />has placed this loan on our "hot list" and will initiate the loan contracting process. <br />Once the contract is finalized the Company may request loan funds to cover <br />eligible project expenditures. <br /> <br />c) You must RdhArA to thA CWCS nAsign Rnd Construction AdministrRtion <br />ProcAdurAS Tim Feehan will contact you regarding the CWCB requirements for <br />this project. Tim will make construction inspections, which will be the basis of the <br />pay estimates for disbursement of your loan funds. <br /> <br />On behalf of the Board, I would like to thank you for applying for a Small Project Loan <br />from the Colorado Water Conservation Board. <br /> <br />Sincerely, <br /> <br />~J~ <br /> <br />Mike Serlet, P.E., Chief <br />Water Supply Planning and Finance Section <br />Colorado Water Conservation Board <br /> <br />Attachment: Updated Memo: Springdale 503 memo <br /> <br />cc (w/attachment): Mr. Eric Wilkinson, Colorado Water Conservation Board <br />Brent Nation, P.E, <br />CWCB Section B Staff <br />Linda Bassi, AGO <br />Chrono File <br /> <br />C:IProj-NewISpringdale 503 Itr <br />