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<br />STATE OF COLOMDO <br /> <br />Q <br /> <br />Colorado Water Conservation Board <br /> <br />Department of Natural Resources <br /> <br />1 31 J 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 />Bill Ovvens <br />Governor <br /> <br />Greg E. Walcher <br />Executive Director <br /> <br />June 29, 2001 <br /> <br />Rod Kuharich <br />CWCB Director <br /> <br />Dan McAuliffe <br />Deputy Director <br /> <br />Hon. Jim Watson <br />City of Victor <br />P.O. Box 86 <br />Victor, Colorado 80860 <br /> <br />Re: Victor No.2 Dam Feasibility Study <br /> <br />Dear Mayor Watson: <br /> <br />Please be advised that we have reviewed the feasibility submittals for the Victor No.2 <br />Dam rehabilitation project by Icon Engineering and have completed our own financial <br />analyses for the $600,000 loan to the City of Victor as authorized in HB 95-1155. Our <br />review and conclusions are summarized in the enclosed memorandum. <br /> <br />We believe that the project is technically and financially feasible. We do, however, have <br />concerns with respect to the financial reserves for the last several years in the City's <br />Water and Sewer Fund. We would strongly suggest that the cash reserves be increased <br />significantly in the very near future. <br /> <br />You may invoice us under the $5,000 purchase order (copy enclosed) for the feasibility <br />study grant. Please send an invoice to us on City letterhead along with copies of all paid <br />consultant invoices for the feasibility study. <br /> <br />If you have questions in the next month please contact Mike Serlet of the Water Supply <br />Planning and Finance Section. His address and telephone number are the same as mine. <br /> <br />Enclosures <br /> <br />Sincerely, <br /> <br />p~ <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 />Sandy MacDougall, MacDougall, W oldridge & Worley <br /> <br />Flood Protection. Water Project Planning and Financing. Stream and Lake Protection <br />Water Supply Protection. Conservation Planning <br />