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<br />. ,.';'. <br /> <br />Low Line Ditch Company <br />January 29,2003 <br /> <br />Page 2 <br /> <br />2. An approved contract must be in place before funds can be advanced. Jan IIlian has <br />placed this loan on our "hot list" and will initiate the loan contracting process with a goal <br />of having a signed contract in place by March 2003. Once the contract is finalized the <br />Company may request loan funds to cover eligible project expenditures. <br /> <br />3. You must adhere to the CWCB Desiqn and Construction Administration Procedures. <br />Tim Feehan will contact you regarding the CWCB requirements concerning project <br />bidding, design, and construction. Tim will make construction inspections, which will be <br />the basis of the pay estimates for disbursement of your loan funds. <br /> <br />On behalf of the Board, I would like to thank you for applying for a loan from the Colorado <br />Water ConseNation Board. <br /> <br />Sincerely, <br /> <br />1!B:.~/ <br /> <br /> <br />Water Supply Planning and Finance Section <br />Colorado Water ConseNation Board <br /> <br />Attachments: <br /> <br />Updated Memo: LowLine 0103 memo <br /> <br />cc (w/Attachment): <br /> <br />Mr. Eric Wilkinson, Colorado Water ConselVation Board <br />CWCB Section B Staff <br />Linda Bassi, AGO <br />Chrono File <br /> <br />C: Proj-NewlLowLine 01031tr <br />