Laserfiche WebLink
<br />~ <br /> <br />~ . <br />"I-;~ <br />. <br /> <br />Colorado Water Conservation Board <br /> <br />Department of Natural Resources <br /> <br />721 Centennial Building <br />1313 Sherman Street <br />Denver, Colorado 80203 <br />Phone: (303) 866-3441 <br />FAX: (303) 866-4474 <br /> <br />STATE OF COLORADO <br /> <br />. <br /> <br />Roy Romer <br />Governor <br /> <br />February 9, 1998 <br /> <br />James S. Lochhead <br />Executive Director, DNR <br /> <br />Daries C. Lile, f'E. <br />Diredor. CWCB <br /> <br />Mr. Bart Woodward <br />Superintendent <br />Riverside Reservoir and Land Co. <br />215 East Kiowa <br />Fort Morgan, CO 80701 <br /> <br />RE: Riverside Reservoir Spillway <br />Loan Recommendation <br /> <br />Dear Bart, <br /> <br />Thank you for attending the February 4th meeting of the House AG Committee, and for your <br />testimony concerning HB-1189. I know the time required to come to Denver for a hearing basically <br />kills an entire day for you, even with limited time to testify. I wanted you to know I appreciate your <br />help. <br /> <br />On other matters, and concerning your application for a loan from the Construction Fund, you <br />already know the Colorado Water Conservation Board (CWCB) has decided to recommended your <br />request for $450,000 to the General Assembly for consideration in the annual Construction Fund <br />Bill. It is our understanding these funds will be used to construct an emergency spillway on <br />Riverside Reservoir, and to purchase the BLM land that lies within the reservoir basin, and <br />immediately adjacent to the reservoir. The Board also approved a grant in amount of $2,500 to <br />complete the feasibility study. <br /> <br />The CWCB approved a loan term of20 years at an interest rate of3.75%. I have attached a copy of <br />the updated Board memo concerning the Riverside Reservoir and Land Company. Please refer to <br />page 3 of that memo and to the section "Action Taken by the CWCB, January 28, 1998". <br /> <br />When the Board recommends a loan request to be included in the Construction Fund Bill, there <br />remain several conditions: <br /> <br />a. The Bill must be approved by the General Assembly and signed by the Governor. This <br />is usually accomplished around June I st. <br /> <br />b. The Riverside Reservoir and Land Company must increase it assessments. The <br />assessment increase is needed before we can complete the loan contract. Please contact <br />Jan Illian (866-3441) if you have questions on this requirement. <br />