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<br />. <br /> <br />STATE (]J COLORADO <br /> <br />- <br /> <br />Colorado Water,Conservation Board <br />Department of Natural Resources <br />721 Centennial Building <br />1313 Sherman Street <br />Denver, Colorado 80203 <br />Phone: (303) 866.3441 <br />FAX: (3031 866.4474 <br /> <br />Roy Romer <br />Covernol <br /> <br />December 30, 1997 <br /> <br />J~mes S. Lochheild <br />Executive Director, DNR <br />OMies C. lilt", PE. <br />DirpClor,CWCB <br /> <br />Mr, Ron Dom, President <br />DeWeese-Dye Ditch and Reservoir Company <br />1631 Chestnut Street <br />Canon City, CO 81212 <br /> <br />Re: DeWeese Dam Rehabilitation Project Loan <br /> <br />Dear Mr. Dom: <br /> <br />1 am pleased to inform you that at the November 24,1997 meeting of the Colorado Water <br />Conservation Board, the Board recommended a loan of $734,000, not to exceed 90 percent of <br />actual project costs, to the DeWeese-Dye Ditch <ffid Reservoir Company for the rehabilitation of <br />DeWeese Dam, The term of the loan is for up to 30 years and the lending rate is 4,00 percent. <br /> <br />The Board's action on the $734,000 loan request will be included in the 1998 CWCB legislation <br />and is subject to authorization by the General Assembly, If authorized by the General Assembly, <br />the proceeds for this loan should be available in mid-1998, <br /> <br />As security for the loan, it is expected that the Company will pledge revenues from assessments <br />as well as the dam and reservoir and about 1,000 acres ofland owned by the Company, <br /> <br />Please coordinate with Jan Illian of this office Oil all matters related to contracting, She will be <br />responsible for drafting and processing of contract documents, No funds may be disbursed until <br />a fully executed contract is in place, <br /> <br />Mike Serlet of this office will be responsible for reviewing the project plans and specifications <br />and for all matters related to project construction including approval of design and construction <br />payments, Please contact him before beginning design work on the project, <br /> <br />You may also want to refer to Section 5,0 and Appendices E, F and G of the Guidelines for <br />Financial Assistance through the Colorado Water Conservation Board Construction Fund for <br />information relating to design and construction administration of CWCB-funded projects, Please <br />let us know if you need a copy of the Guidelines, <br />