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<br />r <br /> <br />11"" <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 />fer <br />.: $~9~~~~~;~~r:c': <br />'1 ~.~ Jj <br />-"<!:~?~>_. <br />Ifi7G <br /> <br />September 19,2005 <br /> <br />Bill Owens <br />Governor <br /> <br />Albert Nesselhuf, Secretary/Manager <br />The High Line Canal Company <br />P.O Box 800 <br />Rocky Ford, CO 81067 <br /> <br />Russell George <br />Executive Director <br /> <br />Rod Kuharich <br />CWCB Director <br /> <br />Rick Brown <br />Acting Deputy <br />Director <br /> <br />RE: The Smith Arroyo Siphon Rehabilitation Project Loan <br /> <br />Dear Mr. Nesselhuf: <br /> <br />I am pleased to inform you that on September 14,2005 the Colorado Water Conservation Board <br />(CWCB) approved your loan request. We understand that the loan will be used to replace the Smith <br />Arroyo Siphon on the Rocky Ford High Line Canal. <br /> <br />The Board approved a loan not to exceed $458,540 ($454,000 for project costs and $4,540 for the 1 % <br />Loan Service Fee) with loan terms of2.25% per annum for 20 years. I have attached a copy ofthe <br />updated Board memo that includes a section "Action taken by the CWCB on September 14,2005. <br /> <br />When the Board approves a loan there remain several conditions: <br /> <br />a) Feasibility Study: Kirk Russell has reviewed the study titled "Feasibility Study for High <br />Line Canal Siphon Pipeline Project, July 2005." Modifications may be requested by <br />Mr. Russell via phone/fax or email in the next couple weeks. The report, in combination <br />with the CWCB Board Memo revised September 19,2005, will meet the requirements <br />of the CWCB Construction Fund Guidelines for feasibility studies. <br /> <br />b) Contracting: An approved contract must be in place before funds can be advanced. <br />Chad Henderson will initiate the loan contracting process for this project. Once the <br />contract is finalized the Company may request loan funds to cover eligible project <br />expenses. You can contact Chad Henderson at 303-866-3462 regarding contracting <br />requirements. <br /> <br />c) Design/Construction: You must adhere to the CWCB Design and Construction <br />Administration Procedures. Tim Feehan will contact you regarding the CWCB <br />requirements concerning project bidding, design, and construction. Tim will make <br />construction site visits, which will be the basis of the monthly pay estimates for <br />disbursement of your loan funds. You can contact Tim Feehan at 303-866-3480. <br /> <br />Flood Protection. Water Supply Planning and Finance. Stream and Lake Protection <br />Water Supply Protection. Conservation and Drought Planning <br />