C150191 Approval letter

• Contract/PO #: C150191
• Contractor Name: Buffalo Farms Water Development, LLC
• Contract Type: Loan
• Water District: 64
• County: Logan
• Loan Projects - Doc Type: Approval Letter

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STATE OF COLORAD~

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Colorado Water Conservation Board ;tOs
Department of Natural Resources
1313 Sherman Street, Room 721
Denver, Colorado 80203
Phone: [phone]
FAX: [phone]
www.cwcb.state.co.us

November 30,2004

L

Bill Owens I
Governor I

Russell George I
Executive Dire~tor
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Mr. Kevin VoHmer
Buffalo Farms Water Development, LLC
1743 CR 25
Merino, Colorado 80741

Rod Kuharich I
CWCB Directo~
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Dan McAuliffe I
Deputy Directo~

RE: Loan to Construct Groundwater Recharge Project for Well Augmentation

Dear Kevin:

I am pleased to inform you that on November 17, 2004 the Colorado Water Conservation Board
(CWCB) approved your loan request. We understand that the loan will be used to enhance and eXPartd
an existing recharge project for well augmentation. I
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The Board approved a loan in a maximum amount of $195,435 (including the 1 % loan service charg1>
with loan terms of2.25% per annum for 20 years. I have attached a copy of the updated Board m~o
that includes a section "Action taken by the CWCB on November 17, 2004:' I call your attention to I
the approval condition added by the Board that requires members to personally guarantee the loan. I
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When the Board approves a loan there remain several conditions: I

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a) A Feasibility Study is required. Bruce Johnson has reviewed the study titied
"Feasibility of Construction of the Buffalo Farms Water Development, LLC
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Augmentation Project - AUgus. t 2004. .." No further action is required of you on this it~.
The report, in combination with the CWCB board memo dated November 5, 2004 '11
meet the requirements of the CWCB Construction Fund Guidelines for feasibi'ty
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b) An approved contract must be in place before funds can be advanced. Chad Hender~on
will place this project on our contracting "hot list" and will initiate the loan contrac~" g
process. Once the contract is finalized the Company may request loan funds to co er
eligible project expenses. For future reference Chad's phone number is 303-8 6-
3462. I

c) You must adhere to the CWCB Desi and Construction Administration Proced s.
Tim Feehan will contact you regarding the CWCB requirements concerning projfct
bidding, design, and construction. Tim will make construction inspections, which 111

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