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<br />I <br /> <br />I <br /> <br />I <br /> <br />Mr. David V. Sanford, Secretary-Treasurer <br />Summit Reservoir and Irrigation Company <br />December 23, 1996 <br /> <br />2 <br /> <br />I <br /> <br />d. A contract must be completed before funds can be advanced on vour loan. You will <br />be working with Jan IIlian during the contracting process, which usually takes 3 to <br />6 months to complete. Jan will assist you with sample stockholder resolutions, and <br />other documents necessary as part of the contracting process. <br /> <br />I <br /> <br />I <br /> <br />e, You must adhere to the CWCB Design and Construction Administration Procedures. <br />Mike Serlet will work with you on the CWCB requirements concerning design and <br />bidding of the construction project. During the construction process he will make <br />field inspections, which will be the basis of the monthly pay estimates for <br />disbursements of your loan funds. <br /> <br />I <br />I <br />I <br />I <br />I <br /> <br />On behalf of the Board, I would like to thank you for applying for a Construction Fund Loan <br />from the Colorado Water Conservation Board, <br /> <br />Sincerely, <br /> <br />William p, Stanton, P.E. <br />Chief, Project Planning and Construction Section <br />Colorado Water Conservation Board <br /> <br />I <br /> <br />I <br />I <br /> <br />JVS:jvs <br /> <br />Attachment: <br />Updated Memo 11o.nov <br /> <br />I <br />I <br />I <br />I <br /> <br />cc(w/Attachment): <br />Ms. Janice C. Sheftel, Board Member ewes <br />Mr. Steve Harris. PE. 954 Second Ave., Durango CO 81301 <br /> <br />cc (w/o Attachments): <br />ewes Section B Staff <br />Linda Bassi, AGO <br /> <br />c:\ WP51\JOHN\12oNov96.ltr <br /> <br />I <br />