Laserfiche WebLink
<br /><:::rW <br /> <br />STATE 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) 866-4474 <br />www.cwcb.state.co.us <br /> <br /> <br />Bill Owens <br />Governor <br /> <br />November 24, 2003 <br /> <br />Greg E. Walcher <br />Executive Director <br /> <br />Rod Kuharich <br />CWCB Director <br /> <br />Mr. Chris Metherd, Vice President <br />Orphan Wells of Wiggins, LLC <br />18874 County Road 4 <br />Wiggins, CO 80654 <br /> <br />RE: Well Augmentation Project <br />Loan Approval <br /> <br />Dan McAuliffe <br />Deputy Director <br /> <br />Dear Chris, <br /> <br />I am pleased to inform you that the Colorado Water Conservation Board (CWCB) has <br />approved your request for a loan from the Construction Fund. We understand the loan will <br />be used to construct a well augmentation and groundwater recharge project. <br /> <br />The Board approved a Small Project loan from the Construction Fund in an amount of <br />$1,048,077 at the loan terms of 2.5% for 30 years. The approval includes the provision for <br />a 1 % loan service fee, which will be funded from the loan proceeds. I have attached a <br />copy of the updated Board memo concerning the Orphan Wells of Wiggins, LLC. Please <br />refer to page 4 of that memo and to the section "Action taken by the CWCB November 20, <br />2003." <br /> <br />When the Board approves a loan there remain several conditions: <br /> <br />a) A Feasibility Study is reauired. John Van Sciver has reviewed the study titled <br />"Feasibility of Construction of the Orphan Wells of Wiggins (OWW) Augmentation <br />Project" prepared by Brent Nation, P.E. The report meets-the requirements of the <br />CWCB Construction Fund Guidelines for feasibility studies, and has been accepted. <br /> <br />b) An approved contract must be in place before funds can be advanced. Jan IlIian has <br />placed this project on our "hot list" and will initiate the loan contracting process with a <br />goal of having a signed contract in place by early 2004. Once the contract is finalized <br />the Company may request loan funds to cover eligible project expenditures. <br />