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<br />. <br /> <br />. <br /> <br />. <br /> <br />Colorado Water Conservation Board <br />Department of Natural Resources <br />721 Centennial Building <br />1 31 3 Sherman Street <br />Denver, Colorado 80203 <br />Phone: 13031 866.3441 <br />FAX: 13031866-4474 <br /> <br />STATE OF COLORADO <br /> <br />8 <br /> <br />Roy Romer <br />Coverrlol <br /> <br />September ~96 <br /> <br />Jtlmes S. Lochhe.l.d <br />ExecutIVe Dire(1of. DNR <br />DilriesC.lile. fiE <br />Din'clW eWeB <br /> <br />Mr. Robert A. Wardlaw, President <br />Decker Lateral Company, Inc. <br />30896 WCR 57 <br />Gill, CO 80624 <br /> <br />RE: Ditch lining project <br />Loan Approval <br /> <br />Dear Mr. Wardlaw, <br /> <br />Concerning your application for a loan from the Construction Fund, I am pleased to inform you <br />the Colorado Water Conservation Board (CWCB) has approved your request for a $100,000 loan <br />from the Small Project Loan Account. It is our understanding these funds will be used to <br />rehabilitate the lower end of the Decker Lateral. <br /> <br />The CWCB approved a loan term of 30 years at an interest rate of 4.25%. I have attached a <br />copy of the updated Board memo concerning the Decker Lateral Company. Please refer to page <br />3 of that memo and to the section "Action Taken by the CWCB, September 9,1996". <br /> <br />The Board has approved the loan subject to several conditions: <br /> <br />a. You must have formal approval from the Decker Lateral Shareholders to use their <br />company as borrower. This is necessary because the CWCB approved the loan <br />to the Decker Lateral Company, only. If the Decker Shareholders deny your <br />request, you can still form a separate company to contract for the loan, and request <br />CWCB approval for the new company at our November 25, 1996 meeting. <br /> <br />b. You must adhere to the CWCB Guidelines for Financial Assistance. A copy of <br />our Guidelines is attached. <br /> <br />c. <br /> <br />The draft Feasibilitv Studv must be completed. The draft study has been reviewed <br />by John Van Sciver of this office (303-866-3441). John will complete the study, <br />with your assistance, so that the content of the report is in compliance with the <br />Guidelines and statutory requirements. <br />