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<br />Mr. Philip Mortensen, President <br />Upper Platte and Beaver Canal Co. <br />May 27,2003 <br /> <br />Page 2 <br /> <br />b) An approved contract must be in place before funds can be advanced Jan IlIian <br />has placed this loan on our "hot list" and will initiate the loan contracting process. <br />Once the contract is finalized the Company may request loan funds to cover <br />eligible project expenditures. <br /> <br />c) You must adhere to the ewcs Design and Construction Administration <br />Procedures Tim Feehan will contact you regarding the CWCB requirements for <br />this project. Tim will make construction inspections, which will be the basis of the <br />pay estimates for disbursement of your loan funds. <br /> <br />On behalf of the Board, I would like to thank you for applying for a Small Project Loan <br />from the Colorado Water Conservation Board. <br /> <br />Sincerely, <br /> <br />:1fi~1f <br /> <br />Water Supply Planning and Finance Section <br />Colorado Water Conservation Board <br /> <br />Attachment: <br /> <br />Updated Memo: UPBCC 503 memo <br /> <br />cc (w/attachment): Mr. Eric Wilkinson, Colorado Water Conservation Board <br />CWCB Section B Staff <br />Linda Bassi, AGO <br />Chrono File <br /> <br />C:\Proj-New\UPBCC 503 Itr <br />