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<br />Colorado Water Conservation Board <br /> <br />Department of Natural Resources <br /> <br />1313 Sherman Street, Room 721 <br />Denver, Colorado 80203 <br />Phone: (303) 866-3441 <br />FAX: (303) 866-4474 <br />www.cwcb.state.co.us <br /> <br />- STATE OF COLORl\DO <br /> <br />Q <br /> <br />March 28,2001 <br /> <br />Bill Owens <br />Governor <br /> <br />Greg E. Waicher <br />Executive Director <br /> <br />Rod Kuharich <br />CWCB Director <br /> <br />Dan McAuliffe <br />Deputy Director <br /> <br />Mr. Leroy Cruz <br />USDA Rural Development <br />655 Parfet Street <br />Lakewood, Colorado 80215 <br /> <br />Re: City of Victor Request for Parity <br /> <br />Dear Leroy: <br /> <br />The Colorado Water Conservation Board (CWCB) approved and the Colorado General <br />Assembly authorized a loan of $600,000 to the City of Victor in 1995 for the <br />rehabilitation of Victor Dam No.2. We believe that this is an extremely important project <br />in terms of dam safety and the ability of the City to continue to provide a reliable supply <br />of water to the residents of Victor. <br /> <br />As security for the loan, the City is proposing to pledge revenues from the City's <br />combined water and sewer fund, which revenues are also pledged to Rural Development <br />to secure the 1994 Sewer Revenue Bond. It is the policy of our Board to obtain a parity <br />lien on revenues pledged to both the CWCB and other lenders. The proposed CWCB <br />financing thus depends upon the ability of the City to pledge revenues to the CWCB on <br />parity with the existing Rural Development lien on those revenues. <br /> <br />We therefore join the City of Victor in requesting consent to parity by Rural <br />Development for the CWCB's proposed loan to the City. Thank you for your <br />consideration in this matter. <br /> <br />Sincerely, <br />--=-B~~ <br />~~ <br />William E. Green, P .E. <br />Manager of Planning <br />Water Supply Planning and Finance Section <br /> <br />Cc: Mike Serlet <br />Linda Bassi, AGO <br />Jim Watson, City of Victor <br />Sandy MacDougall <br /> <br />Flood Protection. Water Project Planning and Financing. Stream and Lake Protection <br />Water Supply Protection. Conservation Planning <br />