PROJ00310 App Letter

• Contract/PO #: C153740
• Contractor Name: Idaho Springs, City of
• Contract Type: Loan
• Water District: 7
• County: Clear Creek
• Bill Number: EIA
• Loan Projects - Doc Type: Approval Letter

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Colorado Water Conservation Board
Department of Natural Resources

721 State Centennial Building
1313 Sherman Street
Denver, Colorado 80203
Phone [phone]
FAX [phone]

STATE OF COLORADO

o

Roy Romer
Governor

James S. Lochhead
Executive Director. DNR

November 22, 1995

Daries C. lile, P.E.
Direaor, CWCB

Mr. William V.K. Macy, Mayor
City of Idaho Springs
PO Box 907
Idaho Springs, CO 80452
ce, an

RE: Rehabilitation of Chicago Creek Dam
and the Raw Water Intake Structure
Initial Loan Recommendations

Dear Mayor Macy,

Concerning your application for loans from the Construction Fund, I am pleased to inform you
that the Colorado Water Conservation Board (CWCB) has made an initial decision to recommend
your request for $1.5 million to the General Assembly for consideration in the annual
Construction Fund Bill. It is our understanding that these funds will be used to rehabilitate the
City's raw water intake structure; and the Chicago Creek dam. The CWCB recommended a loan
term of 30 years at an interest rate of 5.25%.

Concerning your application for an Emergency Loan, the CWCB has given initial approval to
your request for $130,000 at an interest rate of 4.75% for a 2 year term. It is our understanding
that these funds will be used to make emergency repairs to the City's raw water intake structure,
and to the Chicago Creek dam.

I have attached a copy of the updated Board memo concerning the City ofldaho Springs. Please
refer to page 4 of that memo and to the section "Action Taken by the CWCB, November 7,1995".

The Board has made their initial recommendation subject to several conditions:

a. You must adhere to the CWCB Guidelines for Financial Assistance. A copy is
attached for your information.

b. A Feasibility Studv is required. The study must include a written discussion of the
alternatives the City has considered, and state why the selected alternative was chosen.
It must also include a description of the collateral the City will offer, written by the City's
attorney. A clear description of the necessary emergency repairs, and cost estimate must
also be included. John Van Sclver ot thlsOffice (303-866-3441) can provide assistance