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<br />MEMORANDUM <br /> <br />TO: The Upper Yampa WCD File <br /> <br />FROM: Bill Green <br /> <br />DATE: September 6, 1996 <br /> <br />SUBJECT: Telephone Conversation with John Fetcher <br /> <br />Called John Fetcher today. The Upper Yampa WeD is considering buying out their loan with the <br />Bureau of Reclamation for Stagecoach Reservoir. The balance of the loan is about $2,08 million <br />and the District may wish to request $1.0 million to $2.0 million in Construction Fund financing in <br />November. I will send him an application form. <br /> <br />I suggested it might be better to request a new loan rather than amend our existing loan contract <br />for Stagecoach. We discussed lending rates and it looks like a Construction Fund loan would be <br />more favorable than the financing they are currently considering - about 6.9 percent. <br /> <br />He will discuss with his board and let us know what they decide. <br /> <br />cc: Section B Staff <br />Linda Bassi, OAG <br />