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<br />'* <br /> <br />~ <br /> <br />w~c ~NGIN~~~ING, I~C. <br /> <br />MEMORANDUM <br /> <br />TO: Dick Miller <br /> <br />FROM: Bruce J. Buttner, P.E. B3]3 <br /> <br />SUBJECT: Morrison Colorado Water Conservation Board (CWCB) Construction Fund Loan Application <br /> <br />DATE: January 23, 1996 <br />Revised Feburary 27, 1996 <br /> <br />WRC FILE: 1842-16/1926 <br /> <br />COPY: Mayor Mary Poe <br />Bill Green <br /> <br />Pursuant to our telephone conversation of last week, I contacted Bill Green (CWCB) to confirm the <br />terms of the CWCB Construction Fund Loan. The terms of the CWCB Construction Fund Loan to Morrison <br />for Phase I of the water supply project (new diversion structure, sand trap, pump station and transmission line <br />to treatment plant/reservoir) are the same as approved by the CWCB in November, 1994 and are as follows: <br /> <br />Loan Amount: <br /> <br />$504,000 not to exceed 75 per cent of actual project costs. <br />Total cost is presently estimated to be $672,000. <br /> <br />Repayment Period: <br /> <br />30 years <br /> <br />Interest Annual Percentage Rate: <br /> <br />5.0% <br /> <br />CONSULTING ENGINEERS <br /> <br />950 SOUTH CHERRY STREET. SUITE 404. DENVER, COLORADO 80222. (303) 757-8513. FAX (303) 758-3208 <br />