C153726 Approval Letter

• Contract/PO #: C153726
• Contractor Name: Tremont Mutual Ditch Company
• Contract Type: Loan
• Water District: 1
• County: Morgan
• Bill Number: SPL
• Loan Projects - Doc Type: Approval Letter

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Colorado Water Conservation Board
Department of Natural Resources
721 Sl3Ie Cen_ Building
i313 Shennan Street
Denver. CoIor.ldo80203
Phone [phone]
FAX [phone]

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STATE OF COLORADO

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Roy Romer
Governor

MEMORANDUM

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Exec:mive Director. DNR
Danes C. lile. P.E.
Dir=r. CWCB

TO: Colorado Water Conservation Board Members

FROM: John Van Sciver

DATE: May 3, 1996

SUBJECT: Agenda Item 7a., May 13-14, 1996, Board Meeting--
Tremont Mutual Ditch Company
Small Project Construction Fund Loan: Revise to $45,000.

BACKGROUND

The Tremont Mutual Ditch Company (located in Morgan County), was approved for a Small
Project Loan in amount of $27K, at the March 12, 1996 CWCB meeting. An updated copy of
that board memo is attached. The Company would now like the loan amount increased to $45K,
and the loan tenns revised to 20 years, at 4%. $45K represents about 75% of total project
cost.

Construction started March 10, and is 95% complete. Mike SerIet and John Van Sciver made
a number of construction inspections, to confirm that the project proceeded according to plan,
During construction, the project was modified to better protect the headgate from damage during
future floods, and to reduce annual maintenance expenses. This resulted in an increased cost.

A condition of loan approval was the completion of the feasibility study. John Van Sciver and
Bart Woodward worked together, and the study is complete, with the exception of a few minor
details. As expected, the study concludes that the project is feasible.

Jan Illian provided the Company an initial draft of the loan contt-act to review, and has started
the formal contracting process.

DISCUSSION

The total project cost has been revised up to $61K from $36K. An updated cost breakdown is
attached. The headgate was moved closer to the Lower Platte and Beaver diversion dam to
reduce the possibility of sanding, and riprap is being placed to protect the structure from future