PROJC00776 App Letter

• Contract/PO #: C150096
• Contractor Name: Upper Platte and Beaver Canal Company
• Contract Type: Loan
• Water District: 1
• County: Morgan
• Bill Number: SPL
• Loan Projects - Doc Type: Approval Letter

STATE OF COLORADO

Colorado Water Conservation Board

Department of Natural Resources
1313 Sherman SP"eet, Room 721
Denver, Colorado 80203
Phone: [phone]
FAX: [phone]
www.cwcb.state.co.us

March 22, 2002

Bill Owens
Governor

Greg E. Walcher
Executive Director

Rod Kuharich
CWCB Director

Mr. Philip Mortensen, Preslclent
Upper Platte and Beaver Canal Co.
P.O. Box 581
Brush, CO 80723

Dan McAuliffe
Deputy Director

RE:

Diversion Rehabilitation
Emergency Loan Approval

Dear,Mr, Mortensen,

I am pleased to inform you that the Colorado Water Conservation Board (CWCB) approved your
Emergency Loan request on March 21, 2002, The loan is for rehabilitation of your diversion
structure on the South Piatte River, near Fort Morgan,

The Board approved an Emergency Loan from the Construction Fund in a maximum amount of
$83,000, The loan terms are 2,25% for 10 years, The Board also approved a grant in amount of
$2,500 to pay for up to half the cost of the feasibility study, I have attached a copy of the updated
Board memo concerning the Upper Plate and Beaver Canal Company. Please refer to page 4 of
that memo and to the section "Action taken by the CWCB March 21, 2002."

When the Board approved this Emergency loan it attached several conditions:

1. A Feasibilitv Study is required, We understand that Jack Odor, P.E" has drafted the study,
which is scheduled for completion in April 2002. The study must be completed and meet the
requirements of the CWCB Construction Fund Guidelines for feasibility studies,

2. An approved contract must be in place before funds can be advanced. Jan IlIian has placed
this project on our contracting "hot list" and has initiated the loan contracting process. Our goal
is to have this loan contract ready for final signature as soon as possible,