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<br />Staff further recommends the following conditions for loan approval prior to entering into <br />a contract-with the ED WD:. <br /> <br />1. The EDWD will submit a completed feasibility study acceptable to the CWCB staff. <br /> <br />2. Tbe EDWD will provide documentation as may be required by the CWCB staff to <br />make a final determination of feasibility regarding any of the assets listed in the <br />December 2000 Purchase Agreement and the December 2000 Assignment <br />Agreement. <br /> <br />3. The EDWD will obtain such other financing as may be necessary to complete tbe <br />acquisitions described in this memorandum. <br /> <br />4. The EDWD will hold an Amendment One election in 2002 to allow the District to <br />incur debt and to repay the CWCB loan. <br /> <br />5. The proceeds from any sale by the EDWD of the water rights included in the Purchase <br />Agreement and the Assignment Agreement will be used to reduce the outstanding <br />balance of the EDWD's loan with the Colorado Water Conservation Board. <br /> <br />6. CWCB loan funds will not be used to finance the purchase of an interest in the plan <br />for augmentation in \Vater Court Case No. 97C\V305, nor will the CWCB be <br />considered to be a co-applicant in the plan for augmentation. <br /> <br />Attachments <br /> <br />Cc: Bob Polich, ED WD <br />Rick Fendel, Petrock & Fendel <br />Charles Stanzione, BBA <br />Dan Merriman <br />Linda Bassi, AGO <br />A1an: Marte11aro~ DiVision 5 <br /> <br />6 <br />