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<br />Agenda Item 9.a. September 27-28,1999 (Memo Updated October 8, 1999) <br />DeWeese-Dye Ditch and Reservoir Co. <br /> <br />Page 4 <br /> <br />STAFF RECOMMENDATIONS. Staffrecommends that: <br /> <br />The Board approve a loan increase to the DeWeese-Dye Ditch and Reservoir Company's <br />original 1998 loan, with no change in the project scope, in the amount of $256,261 for a <br />total loan amount of$990,261 under the following conditions: <br /> <br />1. Terms of the additional loan amount would be at the original adopted 1998 terms of <br />4% for 30 years, with a loan of up to 90% of the total project cost. <br /> <br /> <br />. The <br />assessments shall be set at $15.50 per share, or at such amount that will allow the <br />Company to meet the annual payment on a CWCB loan amount of $990,261. <br /> <br />3. The loan increase shall be contingent upon the Company applying all anticipated <br />Division of Wildlife funding ($500,000) to the project cost. <br /> <br />4. The loan increase shall be contingent upon all standard contracting provisions of the <br />CWCB including_:IJ__m. <br /> <br /> <br />Project Photo; DeWeese-Dye Dam 9/7/99 <br /> <br />Attachments: <br /> <br />Letter of request dated 9/11199, DeWeese-Dye Ditch and reservoir Company. <br />Letter dated 9/3/99, Colorado Division of Wildlife. <br /> <br />C:\wpSI \proj-new\DeWeeseMore$999 <br />