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<br /> <br /> <br />STATE OF COLORADO <br /> <br /> <br />Colorado Water Conservation Board <br /> <br />Department of Natural Resources <br />1313 Sherman Street, Room 721 <br />Denver, Colorado 80203 <br />Phone:@03)866-3441 <br />FAX: (303) 866-4474 <br />www.cwcb.state.co.us <br /> <br /> <br />Bill Owens <br />Governor <br /> <br />September 26, 2003 <br /> <br />Greg E. Walcher <br />Executive Director <br /> <br />Rod Knharich <br />CWCB Director <br /> <br />Dan McAuliffe <br />Devutv Director <br /> <br />Mr. Mike McNeil, President <br />Rio Grande and Piedra Valley Ditch Co. <br />270 County Road 14A <br />Del Norte, CO 81132 <br /> <br />RE: Check structure replacement <br />Loan Approval <br /> <br />Dear Mr. McNeil, <br /> <br />I am pleased to inform you that the Colorado Water ConseNation Board (CWCB) has <br />approved your request for a Small Project Loan from the Construction Fund. We <br />understand the loan will be used to replace wooden check structures on your ditch. <br /> <br />The Board approved a loan from the Construction Fund in an amount of $52,000 at the <br />loan terms of 2.5% for 30 years. The approval includes the provision for a 1 % loan <br />service charge, which may be paid at substantial completion of the project, or financed <br />along with the loan. I have attached a copy of the updated Board memo concerning the <br />Rio Grande and Piedra Valley Ditch Company. Please refer to page 3 of that memo and <br />to the section "Action taken by the CWCB September 22, 2003." <br /> <br />When the Board approves a Small Project Loan from the Construction Fund there remain <br />several conditions: <br /> <br />a) A Fe;::)~ihility Study mu~t he c.ompleted We have reviewed the study titled <br />Feasibility of Reconstruction of the Rio Grande and Piedra Valley Ditch Co. Check <br />Structures prepared by Laurie Clark, P.E. of the NRCS and dated July 2003. The <br />report meets the requirements of the CWCB Construction Fund Guidelines for <br />feasibility studies, and has been accepted. <br /> <br />I <br />