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<br />- \. <br />.". <br /> <br />. <br /> <br />STATE O~COLORADO <br /> <br />Colorado Water Conservation Board <br /> <br />Department of Natural Resources <br />1313 Shennan Street, Room 721 <br />Denver, Colorado 80203 <br />Phone: (303) 866-3441 <br />FAX (303) 866-4474 <br />'NWW .cwcb.state.co. us <br /> <br />~ <br /> <br />October 2, 2000 <br /> <br />Bill Owens <br />Governor <br /> <br />Greg E. Walcher <br />Executive Director <br /> <br />City of Idaho Springs <br />Attn: Jack Russalesi, City Administrator <br />P. O. Box 907 <br />Idaho Springs, CO 80452 <br /> <br />Dan McAuliffe <br />Acting Director <br /> <br />SUBJECT: Loan Payment Deferral (Contract C153740) and Collateral Revision (Contract <br />C150016) <br /> <br />Dear Mr. Russalesi: <br /> <br />This is to notify you that at its September meeting, the Colorado Water Conservation Board <br />approved (1) the request for deferral of the payment on Loan Contract C153740 until the <br />$955,000 loan contract is completed and (2) revision of the collateral requirement for Loan <br />Contract C150016. Enclosed is a copy of the board memo. <br /> <br />Please continue to work with Jan IlIian to complete Contract C150016 for the $955,000 loan. <br />Contract C153740, which had a payment due date of September 23, 2000, has been <br />approved by the Board to be deferred until Contract C150016 is completed or May 1, 2001, <br />whichever is sooner. At the time that the principal amount of $130,000 is repaid, the City <br />will owe the accrued interest. Steve Biondo or Jan IlIian will be able to assist you with any <br />questions you have regarding payment of Contract C153740. <br /> <br />Please contact Jan IlIian if you have any questions or concerns regarding these actions. <br /> <br />~JJ <br /> <br />Mike Serlet, P.E. <br />Chief, Water Supply Planning and Finance Section <br /> <br />cc: j'oznanovik, AGO <br />\lIllian, CWCB <br />Biondo, CWCB <br />CWCB Contract File <br />CWCB Chrono File <br /> <br />Flood Protection. Water Project Planning and Financing. Stream and Lake Protection <br />Water Supply Protection. Conservation Planning <br />