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South Side Irrigation Company <br />January 28, 2003 <br />Page 2 <br />2. An approved contract must be in place before funds can be advanced. Jan Illian has <br />placed this loan on our "hot list" and will initiate the loan contracting process with a goal <br />of having a signed contract in place by spring 2003. Once the contract is finalized the <br />Company may request loan funds to cover eligible project expenditures. <br />3. You must adhere to the CWCB Desiqn and Construction Administration Procedures <br />Tim Feehan will contact you regarding the CWCB requirements concerning project <br />bidding, design, and construction. Tim will make construction inspections, which will be <br />the basis of the pay estimates for disbursement of your loan funds. <br />On behalf of the Board, I would like to thank you for applying for a loan from the Colorado <br />Water Conservation Board. <br />Sincerely, <br />- �.�.P: <br />� <br />Mik Serlet, PE, C ief <br />Water Supply Planning and Finance Section <br />Colorado Water Conservation Board <br />Attachments: Updated Memo: South Side Irrig 0103 memo <br />cc (w/Attachment): Mr. Eric Wilkinson, Colorado Water Conservation Board <br />CWCB Section B Staff <br />Linda Bassi, AGO <br />Chrono File <br />C: Proj-New\South Side Irrig 0103 Itr <br />