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<br />. Colorado Water Conservation Board <br />Department of Natural Resources <br /> <br />7.... <;'tate Centennial Building <br />1. Sherman Street <br />()enver. Colorado 80203 <br />Phone (303) 866-3441 <br />FAJC (303)866-4474 <br /> <br />STATE Qt. COLORADO <br /> <br />o <br /> <br />Roy Romer <br />Governor <br /> <br />December 8 1994. <br />, <br /> <br />James S. Lochhead <br />E:.<.ecutive Director. DNR <br />Daries C- We, P.E. <br />Di=r, CWCB <br /> <br />!\ <br /> <br />Mr. Paul L. McDill, President <br />Morgan County Quality Water District <br />P.O. Box 1218 <br />Fort Morgan, Colorado 80701 <br /> <br />RE: Loan Application for SWSP Participation <br /> <br />" <br /> <br />" <br /> <br />Dear Mr. McDill: <br /> <br />At the November meeting of the Colorado Water Conservation Board (CWCB), the Board <br />voted to set aside funds for Morgan County Quality Water District's proposed participation in <br />the Southern Water' Supply Project (S\VSP) and to consider the loan application again at the <br />January 1995 Board meeting. The Board expressed a desire for clarification of the fmancial <br />issues regarding the District's participation in the SWSP at the January Board meeting. I <br />would like to ask that you and your consultant work with Bill Green of the Planning and <br />Construction staff to resolve these issues prior to the meeting, currently scheduled for <br />January 25 and 26. <br /> <br />As you will recall, the October 21 memorandum to the Board from the CWCB staff included <br />the following conditions: . <br /> <br />a. Final approval for the fmancing of the proposed water supply facilities <br />shall be contingent upon completion of a feasibility study and a finding <br />that the project is feasible, <br /> <br />b. Approval of the water. bond refmancing shall be contingent upon a <br />fmding that refmancing by the Boar<l is necessary for the financial <br />feasibility of the proposed water supply project. <br /> <br />c, Loan approval shall be contingent upon staff evaluation of the Company's <br />financial condition and .ability to pay, iIDd upon all standard contracting <br />provisions of the CWCB. . <br /> <br />" <br /> <br />d. The loan shall be contingent ~pon tht: District being unable to obtain <br />financing through the Colorado Water Resources and Power Development <br />Authority. <br />