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<br />. <br /> <br />. <br /> <br />. <br /> <br />. <br /> <br />Colorado Water Conservation Board <br />Department of Natural Resources <br />721 Centennial Building <br />1 31 3 Sherman Street <br />Denver, Colorado 80203 <br />Phone: (303) 866-3441 <br />FAX, 13031 866.4474 <br /> <br />STATE OF COLORADO <br /> <br />-':. <br />C't' <br />, <br /> <br />Roy Romer <br />CovernOI <br /> <br />MEMORANDUM <br /> <br />]<lmesS.lochhe<l(] <br />Executive Director, DNR <br />O<lriesC. Lile. PE <br />D,rp(tor, eweB <br /> <br />TO: Colorado Water Conservation Board Members <br /> <br />FROM: Bill Green, P,E. <br />Project Planning and Construction Section <br /> <br />DATE: November 22, 1996 <br /> <br />SUBJECT: Agenda Item 9.a., November 25-26, 1996 Board Meeting - Water Project <br />Construction Loan Program - Requests for Approval for Revised Loans on <br />Approved Projects - Eagle Park Reser1voir Co. - Eagle Park Reservoir <br />Rehabilitation <br /> <br />BACKGROUND <br /> <br />At the January 24-25, 1996 Board meeting, the Board gave conditional approval to a 30-year <br />Construction Fund loan of $3,125,000 to the Eagle Park Reservoir Company toward the purchase <br />of the Eagle Park Reservoir site from Cyprus Climax Metals Company (please see January 1996 <br />Agenda Item No, 1O.a.). The conditions of approval were: <br /> <br />(1) That the issue ofthe Statement of Opposition by the Authority and Vail <br />Associates to the Board's instream flow filing, Case No, 92CW286, on the 15- <br />mile reach of the Colorado River be resolved to the satisfaction of the Board, <br /> <br />(2) That a feasibility analysis be completed to the satisfaction of the CWCB staff, <br /> <br />(3) That this loan will in no way commit the Board to providing any further <br />financing for the proposed project. and <br /> <br />(4) That the loan will be subject (0 all standard contracting requirements of the <br />CWCB, <br /> <br />Subsequent to the January Board meeting, a number of developments have taken place with <br />regard to the project and additional information bas been submitted by the applicants, By a letter <br />of November 5,1996 the applicants are requestiI1g an additional and final amount of $5,375,000 <br />