Laserfiche WebLink
STATE OF COLORADO <br />Colorado Water Conservation Board <br />Water Supply Planning & Finance Section <br />1580 Logan Street, Suite 750 <br />Denver, Colorado 80203 <br />www.cwcb.state.co.us <br />June 11, 2004 <br />Mr. Mike Cook, President <br />Bank of Colorado <br />301 Clayton Street <br />Brush, Colorado 80723 <br />RE: Loan to Purchase Water Rights for Well Augmentation - Town of Hillrose <br />Dear Mr. Cook: <br />Bill Owens <br />co��or <br />Russell George <br />Executive Director <br />Rod Kuharich <br />cwcB ��_ <br />Dan McAuliffe <br />Depu�y Director <br />I am providing this letter at the request of Lynn Golemboski, Town Clerk. The Town of Hillrose is <br />applying for a loan from the Colorado Water Conservation Board (CWCB) to purchase water rights to use <br />for well augmentation. <br />The CWCB offers low interest loans for water resource projects, from the State's Construction Fund <br />established in 1971. Loans are available for raw water projects only, and typical borrowers are small <br />municipallties, irrigation companies, water districts, etc. Typical projects include dam construction and <br />rehabilitation, irrigation diversion structures, and raw water pipelines, as well as purchase of water rights <br />that satisfy an existing water need or shortage. The type of project that the Town is requesting, the <br />purchase of water rights to augment an existing well, would be eligible for consideration in our loan <br />program. <br />The CWCB staff will be reviewing the Town's loan application, feasibility study, and financial statements <br />over the next several weeks, in order to make a recommendation to our Board at their July 20-21 meeting. <br />If both the project and the Town meet our technical and financial feasibility criteria, the Town will be <br />considered for a CWCB loan, pending review and final approval by our Board. <br />I hope this letter satisfies your needs. Please feel free to contact me at 303-866-3428. <br />Sincerely, <br />� <br />Bruce Johnson, P.E. <br />Water Supply Planning and Finance Section <br />Colorado Water Conservation Board <br />Bruce Johnson - Phone No. 303-866-3428 - Fax No. 303-894-2578 <br />