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<br />ST ATE 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 />January 28, 2003 <br /> <br />Greg E. Walcher <br />Executive Director <br /> <br />Rod Kuharich <br />CWCB Director <br /> <br />John Whiteside, President <br />South Side ReseNoir Co. <br />1612 West 1st Street <br />Loveland, CO 80537 <br /> <br />Re: Dam rehabilitation <br />Loan approval <br /> <br />Dan McAuliffe <br />Deputy Director <br /> <br />Dear John, <br /> <br /> <br />I am pleased to inform you that the Colorado Water ConseNation Board (CWCB) has <br />approved your request for a Small Project Loan. The loan is for rehabilitation of the South <br />Side ReseNoir. <br /> <br />The Board approved a loan from the Construction Fund in a maximum amount of <br />$360,000 at the loan terms of 3.1 % for 30 years or 2.9% for 20 years. The approval <br />includes the provision for a 1 % ($3,600) loan seNice charge, which may be paid at <br />closing, or financed along with the loan. I have attached a copy of the updated Board <br />memo concerning the South Side ReseNoir Company. Please refer to page 4 of that <br />memo and to the section "Action taken by the CWCB January 23, 2003." <br /> <br />When the Board approved this loan it attached several conditions: <br /> <br />1. A Feasibility Study is reauired. John Van Sciver will continue to work with John <br />Gauthiere P.E. to ensure that the study meets the requirements of the CWCB <br />Construction Fund Guidelines. <br />