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<br />e <br /> <br />STATE.F COLORADO <br /> <br />Colorado Water Conseroation 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) 866-4474 <br /> <br />i) <br /> <br />Bill Owens <br />Governor <br /> <br />January 31,2000 <br /> <br />Greg E.Walcher <br />Executive Director <br /> <br />City of Loveland <br />Attn: Ralph Mullinix, Director of Water and Power. <br />200 North Wilson. <br />Loveland, CO 80537 <br /> <br />SUBJECT: Loan Contract C150005 <br /> <br />Peter H. Evans <br />CWCB Diredor <br /> <br />Dan McAuliffe <br />Deputy Director <br /> <br />Dear Mr. Mullinix: <br /> <br />The City of Loveland's request that the collateral requirement for its loan from the Colorado <br />Water Conservation Board (Board) be revised to reflect the Board's recently adopted <br />collateral policy was approved by the Board at its January 2000 meeting. <br /> <br />The Board has approved the City of Loveland's request to accept a pledge of revenues <br />backed by a rate covenant and annual financial reporting as adequate security for a <br />$5,000,000 Construction Fund loan. <br /> <br />Please continue to work with Jan IlIian regarding the loan contract. The loan funds will be <br />available upon completion of the loan contract. Tim Feehan, who is responsible for all <br />matters related to project construction including approval of loan disbursements, will contact <br />Larry Howard regarding the project. <br /> <br />Sincerely, <br /> <br /> <br />~' <br /> <br />Mike Serlet, P.E., Chief <br />Water Supply Planning and Finance Section <br /> <br />cc: Keogh, City of Loveland <br />Howard, City of Loveland <br />Brautigam, Esq. <br />Harkness, Esq. <br />Cann, AGO <br />Feehan, CWCB . <br />CWCB COtfict"FHe <br />CWCB Chrono File <br />