Laserfiche WebLink
<br />. <br /> <br />. <br />STATE OF COLORADO <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) 866-3441 <br />FAX (303) 866-4474 <br /> <br />March 11, 1994 <br /> <br />Roy Romer <br />Governor <br /> <br />Mr. Donald C. Peach <br />Town Manager <br />Town of Rangely <br />209 East Main <br />Rangely, CO 81648 <br /> <br />Ken Salazar <br />Executive Director, DNR <br /> <br />RE: Raw Water Intake Rehabilitation <br />Emergency Loan Approval <br /> <br />Danes C.li1e, P.E. <br />Director. CWCB <br /> <br />Dear Mr. Peach, <br /> <br />Concerning your application for an Emergency Loan from the CWCB Construction <br />Fund, I am pleased to inform you that the eweB Board has granted approval of your <br />request in amount of $34,000 for the construction project. It is our understanding that these <br />funds will be used to rehabilitate the raw water intake structure for the Town's water supply. <br /> <br />The CWCB Board also approved a loan term of 2 years at an interest rate of 4.5%. <br />I have attached a copy of my updated CWCB Board memo concerning the Town of <br />Rangely. Please refer to page 2 of that memo and to the section "Action Taken by the <br />CWCB Board". You should also know that there is no prepayment penalty on our loans. <br /> <br />During the next month I will prepare the loan contract documents and get <br />preliminary approval from the Attorney General's Office. The AG's Office has already <br />indicated it will be reviewing issues associated with Amendment #1. Following this, the <br />contract will be sent to you for review and signature. Because of the emergency nature of <br />this loan, I will be giving it a high priority; however, the contracting process normally takes <br />about 2 months. <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 />hn an Sciver, P.E. <br />Colorado Water Conservation Board <br /> <br />Attachments <br />cc: Mr. David H. Smith, Member eweB Board <br /> <br />C\ WPS1\20fMAIUtr <br />