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<br />,,, <br /> <br />.<::::rVS <br />STArrE OF COLORADC) <br /> <br />........J; <br /> <br />'. <br /> <br />. <br /> <br />COLORADO WATER CONSERVATION BOARD <br /> <br />Department of Natural Resources <br /> <br />721 Slale CcnlennLd' BuildIng <br />13 13 Sherman 51rcel <br />Denver, Colorado 80203 <br />Phone (303) 8GG-344 1 <br />FAX (303) 856-44 74 <br /> <br />Roy Romer <br />Gove mar <br /> <br />November 30, 1993 <br /> <br />Oaries e, LIIe, P,E, <br />Oiredor. eWeB <br /> <br />Ms. Pat Brooks <br />City Administrator <br />City of Salida <br />P.O. Box 417 <br />Salida, CO ~I <br /><6"/20 <br />Dear Ms. Brooks, <br /> <br />RE: Raw Water Pipeline Rehabilitation <br />Initial Loan Approval <br /> <br />Concerning your application for a loan from the Construction Fund, I am pleased to <br />inform you that the CWCB Board has granted initial approval of your request in amount <br />of $553,000 for the construction project. It is our understanding that these funds would be <br />used to rehabilitate the raw water pipeline and collection system for the municipal pool, but <br />only in the event bond financing is not available. <br /> <br />The CWCB Board also approved a loan term of 30 years at an interest rate of 4%. <br />I have attached a copy of my updated CWCB Board memo concerning the City of Salida. <br />Please refer to page 2 of that memo and to the section "Action Taken by the CWCB Board". <br />The Construction loan ($553,000) will be considered by the State General Assembly as part <br />of the 1994 Construction Fund Bill, with passage expected in June 1994. Funds would be <br />available about 60 days after that date, if needed. <br /> <br />The CWCB generally requires that the loan be contingent upon evaluation of the <br />City's financial condition and ability to pay. For this purpose I have also attached a copy our <br />"Municipal Project Matrix" for you to review and hold in your files. If you make the decision <br />to apply for the funds, I ask that you complete and return the Matrix to me. <br /> <br />On behalf of the CWCB Board, I would like to thank you for applying for a <br />Construction Fund Loan from the Colorado Water Conservation Board. <br /> <br />eJS CerelY,) <br />17/0 ( - <br /> <br />, ohn Van Sciver, P.E. <br />-------- Colorado Water Conservation Board <br /> <br />Altachments./I3c/~ /u~.I..-1l{ t- 4~1AJ <br /> <br />cc:Mr, Tommy Thomson, Member eweB Board <br /> <br />C\ WP51\9f119.1tr <br />