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<br />. <br /> <br />. <br />STATE OF <br /> <br />ovS <br />. ~ <br />COLORADO <br /> <br />- <br /> <br />COLORADO WATER CONSERVATION BOARD <br />Department of Natural Resources <br /> <br />o <br /> <br />721 Stale Centennial Building <br />1313 Shennan Street <br />Denver. Colorado 80203 <br />Phone ~303) 666.3441 <br />FAX (303) 6664474 <br /> <br />Roy Romer <br />Governor <br /> <br />December 1, 1993 <br /> <br />OaliesC.lile. P.E. <br />Director. ewes <br /> <br />Mr. Dwight Whitney <br />Manager/Planner <br />Town of Monument <br />P.O. Box 325 <br />Monument, CO 80132 <br /> <br />RE: Municipal Well Replacement <br />Initial Loan Approval . <br /> <br />Dear Dwight, <br /> <br />Concerning your application for a loan from the Construction Fund, I am pleased to <br />inform you that the eweB Board has granted initial approval of your request in amount <br />of $94,000 for the construction project. It is our understanding that these funds would be <br />used to replace your municipal well #2. <br /> <br />The CWCB Board also approved a loan term of 30 years at an interest rate of 4%. <br />I have attached a copy of my updated CWCB Board memo concerning the Town of <br />Monument. Please refer to page 2 of that memo and to the section "Action Taken by the <br />CWCB Board". The Construction loan will be considered by the State General Assembly <br />as part of the 1994 Construction Fund Bill, with passage expected in June 1994. Funds <br />would be available about 60 days after that date. <br /> <br />The CWCB Board asks that you respond to item 3., page 2, of the attached memo, <br />to indicate alternate financing you have explored. Since you are interested in revising the <br />loan terms to 15 years at 3% (as opposed to 30 years at 4% as approved), perhaps you can <br />address both these issues in the same letter. If I receive your letter by January 1, 1994 I will <br />ensure your request is brought up to the CWCB Board in their January meeting. <br /> <br />On behalf of the CWCB Board, I would like to thank you for applying for a <br />Construction Fund Loan from the Colorado Water Conservation Board. <br />" <br /> <br />.1 <br /><II ",' <br /> <br />:.\' <br /> <br />(-~:\ . <br /> <br />J an SClver, P.E. <br />olorado Water Conservation Board <br /> <br /> <br />/' <br />,.' <br /> <br />.t '{., <br /> <br />.~ <br /> <br />Attachment <br />cc:Mr. Tommy Thomson, Member eweB Board <br /> <br />. C:\ WP51\9p2119,ltr <br />