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<br />ST ATE OF COLORADO <br /> <br />Colorado Water Conservation Board <br /> <br />Department of Natural Resources <br />1313 Sherman Street, Room 721 <br />Denver, Colorado 80203 <br />Phone: (303) 866-3441 <br />FAX: (303) 8664474 <br />www.cwcb.state.co.us <br /> <br /> <br />Bill Owens <br />Governor <br /> <br />April 8, 2004 <br /> <br />Russell George <br />Executive Director <br /> <br />Mr. Rod Reinhardt, President <br />Terrace Irrigation Company <br />10299 County Road DD <br />LaJ ara, Colorado 81140 <br /> <br />Rod Kuharich <br />CWCB Director <br /> <br />Dan McAuliffe <br />Deputy Director <br /> <br />Re: Dear Mr. Reinhardt <br /> <br />I am pleased to inform you that the Colorado Water Conservation Board approved your loan <br />request on March 17, 2004 The loan is for the rehabilitation of the Terrace Reservoir outlet works. <br /> <br />The Board approved the Construction Fund Loan in a maximum amount of $245,430. The loan <br />terms are 2.5% for 30-years. I have attached a copy of the updated Board memo concerning the Terrace <br />Irrigation Company's loan request. Please refer to page 4 ofthat memo and to the Section "Action <br />taken by the CWCB, dated March 17,2004". <br /> <br />The Board's approval was based on the Terrace Irrigation Company meeting the following <br />conditions: <br /> <br />1. A Feasibility Study is required. Tim Feehan has reviewed the study entitled "Feasibility <br />Study- Terrace Irrigation Company, Terrace Reservoir Outlet Work Repairs", prepared for <br />the Colorado Water Conservation Board and finds the study to meet the requirements ofthe <br />Colorado Water Conservation Board Construction Guidelines. <br /> <br />2. An approved contract must be in-place before loan funds can be advanced. Jan Illian with <br />our office will be contacting you to initiate this process in the near future. If you should have <br />any questions, Jan's phone number is 303-866-3462. <br /> <br />3. You must adhere to the CWCB Design and Construction Guidelines. Tim Feehan has been <br />in contact with your regarding CWCB's requirements for project design, bidding, and <br />construction inspection. Please contact Tim Feehan to discuss the disbursement of your <br />loan funds. Tim can be reached at 303-618-5010. <br /> <br />Flood Protection. Water Supply Plarming and Finance. Stream and Lake Protection <br />Water Supply Protection. Conservation and Drought Planning <br />