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<br />...... ..~- <br /> <br />STATE OF COLORADO <br /> <br />721 Slale Cenlennial Bulld.ng <br />1313 Sherman Slreel <br />Denver, Colo/ac\O 60203 <br />PhOne (303) 666-J.4.41 <br />FAX (303) 86&-4474 <br /> <br />MEMORANDUM <br /> <br />. <br /> <br />COLORADO WATER CONSERVATION BOARD <br /> <br />Department of Natural Resources <br /> <br />(UPDATED 11/12/93) <br /> <br />Roy Romer <br />Govemor <br /> <br />TO: <br /> <br />Members, CWCB <br /> <br />Danes C, LiIe P,E <br />Director _ CWeB <br /> <br />FROM: John Van Sciver <br /> <br />DATE: October 28, 1993 <br /> <br />SUBJECT: Agenda Item 9d, November 9-10, 1993, Board Meeting-- <br />Michigan River Water Conservancy District <br />Approval of a Construction Fund Loan in amount of $97,500 to install <br />additional outlet on Meadow Creek Dam. <br /> <br />BACKGROUND <br /> <br />The Michigan River WeD has submitted an application for a loan to construct an <br />additional outlet on the Meadow Creek Dam, near Walden. They have requested $97,500 <br />(4% for 20 years) which is 75% of the total estimated project cost of $130,000. <br />The additional outlet is needed to deliver required irrigation water during critical <br />portions of the irrigation season, and would boost the discharge capacity form 55 cfs to <br />about 85 cfs. <br />Preliminary feasibility work has been completed by the SCS. <br /> <br />DISCUSSION <br /> <br />The company has a $45,000 ASCS cost share commitment which will be used to <br />reduce loan debt. <br /> <br />Plans and specifications for the new outlet will reqUire approval by the State <br />Engineer's office prior to construction. <br /> <br />The company currently has a loan with the CWCB in amount of $1,073,498, with . <br />annual payments of $47,727. <br />