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<br />. <br /> <br />. <br /> <br />Mr. Kenneth Gareis, President <br />Sterling Irrigation Company <br />December 18, 1998 <br /> <br />page 2 <br /> <br />c. You must adhere to the CWCB Design and Construction Administration Procedures. A <br />copy of our Guidelines has been provided to your engineer. Mike Serlet will contact <br />you regarding the CWCB requirements concerning design and bidding of the <br />construction project. During the construction p;'ocess, he will make field inspections <br />which will be the basis of the monthly pay estimates for disbursements of your loan <br />funds. Interest on partial payments during construction will be charged at 3.75-percent <br />simple interest until the project is declared substantially complete. <br /> <br />On behalf of the Board and the staff, I would like to thank you for applying for a Construction Fund <br />Loan from the Colorado Water Conservation Board. Please feel free to call us at 303-866-3441 if <br />you have any questions. <br /> <br />Sincerely, <br /> <br />Ht~~P Jk~f~ <br /> <br />William P. Stanton, P.E. <br />Chief, Project Planning and Construction Section <br /> <br />Attachment <br /> <br />Updated Memo: Stcrlinglmgationl191lmcrno <br /> <br />cc(w/Attachment): <br /> <br />Mr. William II. Brown, Board Member eweo <br />ewes Section B Stalf <br />Linda Bassi. AGO <br /> <br />L:\wctr.ms\secb\Sterlinglrrigation 1 ] 981tr <br />