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<br />ST A TE 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 /> <br />Q <br /> <br />Bill Owens <br />Governor <br /> <br />December 17, 1999 <br /> <br />Mr. Jim Ferree <br />City Manager <br />City of Craig <br />300 W. 4th Street <br />Craig, CO 81625 <br /> <br />Greg E.Walcher <br />Executive Director <br /> <br />Peter H_ Evans <br />CWCS Director <br /> <br />Dan McAuliffe <br />Deputy Director <br /> <br />Re: Elkhead Reservoir - Loan Deauthorization Review and Change in Authorization <br /> <br />Dear Mr. Ferree: <br /> <br />At the November 22, 1999 Board meeting, the Board reviewed the status of the Elkhead <br />Reservoir authorization. It was the decision of the Board that Elkhead Reservoir, as authorized in <br />SB 86-27, not be deauthorized. <br /> <br />It is understood that 2000 will likely be the final year of authorization and that the City will <br />submit an updated feasibility study within the next few months to provide, as a minimum, a <br />description and evaluation of the proposed project as well as a detailed financial plan. CWCB <br />staff will request Board approval of the proposed project before entering into a loan contract. <br />Please continue to coordinate with Bill Green on the feasibility work. <br /> <br />At the same Board meeting, the Board also recommended that SB 86-27 be amended to identify <br />the City of Craig as the project sponsor for the Elkhead Reservoir Rehabilitation Project and that <br />the loan repayment period be amended to 30 years to reflect the Board's current lending policies. <br /> <br />Please let us know' if you have any questions or if we can be of assistance. <br /> <br />Sincerely, 11 <br />~/7/ ~ {Y- <br />. /~'f........k A <br />Michael G. Serlet, .E.' <br />Chief, Project Planning and Construction Section <br /> <br />Cc: David Smith, Board Member <br />Peter Evans <br />Dan McAuliffe <br />Bill Green ~ <br />Linda Bassi, AGO <br />Doug Laiho, Ayres Assoc. <br />