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<br />[.t50//3 nc3 5i3br <br /> <br />.. <br /> <br />STATE 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 />www.cwcb.state.co.us <br /> <br /> <br />Bill Owens <br />Governor <br /> <br />September 18, 2002 <br /> <br />Greg E. Walcher <br />Executive Director <br /> <br />Rod Kuharich <br />CWCB Director <br /> <br />Dwight Giles, Board Member <br />Lake Arrowhead Water Association <br />5766 Arrowhead Drive <br />Greeley, CO 80634 <br /> <br />Re: Lake Arrowhead Reservoir <br />Small Project Loan Approval <br /> <br />Dan McAuliffe <br />Deputy Director <br /> <br />Dear Dwight, <br /> <br />I am pleased to inform you that the Colorado Water Conservation Board (CWCB) approved your <br />Small Project Loan request on September 12, 2002. The loan is for rehabilitation of the Lake <br />Arrowhead Reservoir Dam. <br /> <br />The Board approved a Small Project Loan from the Construction Fund in a maximum amount of <br />$300,000 at the loan terms of 4.25% for 30 years. I have attached a copy of the updated Board <br />memo concerning the Lake Arrowhead Water Association. Please refer to page 3 of that memo <br />and to the section "Action taken by the CWCB September 12, 2002." <br /> <br />When the Board approved this Small Project Loan it attached several conditions: <br /> <br />1. A Feasibility Study is reauired. John Van Sciver will review the final study to ensure that it <br />meets the requirements of the CWCB Construction Fund Guidelines. The study should follow <br />the format provided to you previously. <br /> <br />2. An approved contract must be in place before funds can be advanced. Jan lIIian has placed <br />this project on our contracting "hot Iisf' and has initiated the loan contracting process. Jan will <br />contact ytsu directly as she drafts the loan contract. We expect to have the contract ready for <br />final signature and routing by November so that loan funds will be available by December 1, <br />2002. Jan's phone number is (303) 894-2572. <br />