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<br />," ~ <br /> <br />, Colorado Water Conservation Board <br />Department of Natural Resources <br /> <br />721 State Centennial Bnilding <br />1313 Shennan Street <br />Denver, Colorado 80203 <br />Phone (303) 866-3441 <br />FAX (303) 866-4474 <br /> <br />STATE.OF COLORADO <br /> <br />o <br /> <br />Roy Romer <br />Governor <br /> <br />December 8, 1994 <br /> <br />lames S, Lochh=l <br />Executive Director, DNR <br />Daries C,lile, P,E, <br />Director, CWCB <br /> <br />Mr. Richard Behrmann, President <br />Left Hand Ditch Company <br />P,O, Box 229 <br />Niwot, Colorado 80544 <br /> <br />RE: Left Hand Valley Reservoir Spillway <br /> <br />Dear Mr. Behrmann: <br /> <br />Concerning the Left Hand Ditch Company's application for a loan from the Construction <br />Fund, I am pleased to inform you that the Colorado Water Conservation Board (CWCB) has <br />granted approval of your request for $370,000 (not to exceed 75 percent of actual project <br />costs) for construction of a new spillway on the Left Hand Valley Reservoir. <br /> <br />The repayment period for the loan will be 30 years and the interest rate will be a weighted <br />average based on the proportionate number of agricultural shares in the reservoir at four <br />percent and municipal and industrial shares at five percent. The interest rate will be <br />determined u.E.on submittal by Rocky Mountain Consultants of the final version of the <br />feasibility study for the project. ' <br /> <br />Your Construction Fund loan will be considered by the State General Assembly as part of the <br />1995 CWCB Construction Fund bill with passage expected in May 1995, Funds should be <br />available about July 1, 1995, assuming we are able to negotiate a contract by that date. <br /> <br />An approved contract between the Left Hand Ditch Company and the CWCB must be in <br />place before the construction work can proceed, Ms, Jan Illian of this office will draft the <br />contract in March or April of 1995, and will send you a review copy upon request. Final <br />contract documents will be sent to you for signing after the Construction Fund bill is signed <br />by the Governor. Please contact Jan (303-866-3441) after February I, 1995 to initiate the <br />contracting procedure, With regard to construction bidding, contracting, and payment <br />procedures please contact Mike Serlet of this office at the same telephone number. <br />