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<br />ST A TE OF COLORADO i <br /> <br />I <br /> <br />Colorado Water Conservation Board <br /> <br />Department of Natural Resources <br />1313 Sherman Street, Room 721 <br />Denver, Colorado 80203 <br />Phone: (303) 866-3441 <br />FAX: (303) 866-4474 <br />www.cwcb.state.co.us <br /> <br /> <br />April 7, 2003 <br /> <br />Bill Owens <br />Governor <br /> <br />Greg E. Walcher I <br />Executive Director : <br /> <br />I <br />I <br /> <br />Mr. Glen D. Toyne <br />11759 Hwy 59 <br />Sedgwick, Colorado 80749 <br /> <br />Rod Kuharich <br />CWCB Director <br /> <br />RE: Loan for Well Augmentation Project <br /> <br />Dan McAuliffe <br />Deputy Director <br /> <br />Dear Glen: <br /> <br />I <br />I <br />I am pleased to inform you that the Colorado Water Conservation Board (CWCB) approved your Smalll <br />Project Loan request on March 26,2003, to construct a system of wells and a recharge pond to ' <br />replace out-of-priority irrigation well depletions. <br /> <br />The Board approved a Small Project Loan from the Construction Fund in a maximum amount of <br />$76,356 (including the 1 % loan service charge) with loan terms of 2.75% per annum for 30 years. I <br />I <br />have attached a copy of the updated Board memo that includes a section "Action taken by the CWCB <br />on March 26,2003." : <br /> <br />When the Board approves a loan there remain several conditions: <br /> <br />a) <br /> <br />I <br />I <br />A Feasibility Study is required. No further action is required on your part. Bruce <br />Johnson has reviewed the study titled "Feasibility of Construction of the Glenn Toyn~ <br />Recharge Project - Febrnary 2003." The report, in combination with the CWCB board <br />memo dated March 17, 2003 meets the requirements of the CWCB Construction Fund <br />Guidelines for feasibility studies. : <br /> <br />b) <br /> <br />An approved contract must be in place before funds can be advanced. Jan Illian wip <br />place this project on our contracting "hot list" and will initiate the loan contracting <br />process. Once the contract is finalized you may request loan funds to cover eligible <br />project expenses. For future reference Jan's phone number is 303-866-3462. ' <br /> <br />c) <br /> <br />You must adhere to the CWCB Design and Construction Administration Procedures. <br />Tim Feehan will contact you regarding the CWCB requirements concerning project <br />bidding, design, and construction. Tim will make construction inspections, which wW <br />be the basis of the monthly pay estimates for disbursement of your loan funds. Tim's <br />phone number is 303-866-3480. ! <br />I <br />I <br />I <br /> <br />Flood Protection. Water Supply Planning and Finance. Stream and Lake Protection <br />Water Supply Protection. Conservation and Drought Planning <br />