Laserfiche WebLink
<br />Colorado 'Vater Conservation Board <br />Department of Natural Resources <br /> <br />721 State Centennial Building <br />1313 Shennan Street <br />Denver, Colorado 80203 <br />Phone (303) 866-3441 <br />p~ (303)866~74 <br /> <br />STATE OF COLORADO <br /> <br />. <br /> <br />Ray Romer <br />Governor <br /> <br />December 27, 1994 <br /> <br />James S. Lochhead <br />Exeamve DiR:ctor, DNR <br /> <br />Danes C. lile, P.E. <br />Director, CWCB <br /> <br />Mr. Tony Anderson <br />Kiowa State Bank <br />Box 1059 <br />Elizabeth, CO 80107 <br /> <br />RE: Town of Elizabeth <br />Municipal Well Construction <br />CWCB Loan Approval <br /> <br />Dear Mr. Anderson, <br /> <br />The Colorado Water Conservation Board (CWCB) has approved a construction fund loan <br />authorization for the Town of Elizabeth in the amount of $437,250. Approval was given <br />November 4, 1994, for the purpose of constructing a new well and related facilities for the Town. <br />The loan term is 30 years and the interest rate of 5%. <br /> <br />This loan authorization has been included in the 1995 Construction Fund Bill, with passage <br />expected in May 1995. Funds will be available to the Town .about July 15, 1995, after the formal <br />loan contract has been approved. <br /> <br />The construction fund exists to help fmance raw water projects, similar to the one planned by the <br />Town of Elizabeth. The construction fund is separate from the State General Fund, and already <br />contains sufficient funds to cover the Town's authorization. The State Legislature has historically <br />approved all projects recommended to it by the CWCB. <br /> <br />Mike Serlet of this office has met with Dean Salisbury of the Town of Elizabeth and has received <br />a briefing on the project. Mike will coordinate directly with the Town and with the Town's <br />engineering consultants, and will make site inspections as construction proceeds. 'Should the <br />Kiowa State Bank provide bridge loan fmancing, I have directed Mike to sign off on all pay <br />requests by the contractor, before funds are released. <br /> <br />Sincerely, <br /> <br />9h~t <br /> <br />Daries C. Lile, P .E. <br />Director <br />Colorado Water Conservation Board <br /> <br />cc: Mr. Dean Salisbury, Town of Elizabeth <br />Mr. Mike Serle!, CWCB Staff <br />W:\WCIRANS\SEC_B\29sL 1R3.1tr <br /> <br />-cl:>L u..1. V"" <br />