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<br />- -~.:.. <br /> <br />STATE OF COLORADO <br /> <br />Department of Natural Resources <br /> <br /> <br />COLORADO WATER CONSERVATION BOARD <br /> <br />721 Stale Cenlennial Building <br />1313 Sherman SHeet <br />Denver, ColoradO 80203 <br />Phone (303) 666-3441 <br />FAX (303) 666-4474 <br /> <br />December 2, 1993 <br /> <br />Roy Romer <br />Govemor <br /> <br />Mr. Daniel J. Kaup <br />Michigan River Water Conservancy District <br />P.O. Box 1100 <br />Walden, CO 80480 <br /> <br />Danes C_ Ute, P,E, <br />Diredor, ewes <br />RE: Michigan River WCD <br />Initial Loan Approval <br /> <br />Dear Mr. Kaup, <br /> <br />Concerning your application for a loan from the Construction Fund, I am pleased to <br />inform you that the eweB Board has granted initial approval of your request in amount <br />of $97,500 for the construction project. The CWCB Board also approved a loan term of 20 <br />years at an interest rate of 4%. It is our understanding that these funds will be used to <br />construct an additional outlet on the Meadow Creek Dam. I have attached a copy of my <br />updated CWCB Board memo concerning the Michigan River Water Conservancy District. <br />Please refer to page 2 of that memo and to the section "Action Taken by the CWCB Board". <br /> <br />The Construction loan will be considered by the State General Assembly as part of <br />the 1994 Construction Fund Bill, with passage expected in June 1994. Funds will be <br />available about 60 days after that date, once the contract between your Association and the <br />State has been finalized. <br /> <br />The CWCB Board required that the loan be contingent upon the State Engineer's <br />acceptance of the Plans and Specifications for the construction of the additional outlet. <br />When available, please send me a copy of the acceptance letter for inclusion in your loan <br />file. <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 /> <br />Attachment <br /> <br />cc:Mr, David E. Meyring, Member CWCB Board <br />Mrs_ Sally Lewis, DWR Division 6, Steamboat Springs <br /> <br />C:\ WP51\9d1l9.1tr <br />