Laserfiche WebLink
<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 />March 24, 2006 <br /> <br />Bill Owens <br />Governor <br /> <br />Rita Crumpton, Manager <br />Orchard Mesa Irrigation District <br />66838 Road <br />Palisade, CO 81526 <br /> <br />Russell George <br />Executive Director <br /> <br />Rod Kuharich <br />CWCB Director <br /> <br />RE: Stokes Gulch Siphon Replacement Project Loan <br /> <br />Rick Brown <br />Acting Deputy <br />Director <br /> <br />Dear Mrs. Crumpton: <br /> <br />I am pleased to inform you that on March 21,2006 the Colorado Water Conservation Board (CWCB) <br />approved your loan request. We understand that the loan will be used to pay for design and <br />construction costs for the replacement of the Stokes Gulch Siphon on the District's Power Canal <br />system. <br /> <br />The Board approved a loan not to exceed $545,400 ($540,000 for project costs and $5,400 for the 1 % <br />Loan Service Fee) with loan terms of2.5% per annum for 30 years. I have attached a copy of the <br />updated Board memo that includes a section "Action taken by the CWCB on March 21, 2006. <br /> <br />When the Board approves a loan there remain several conditions: <br /> <br />a) Feasibility Study: Kirk Russell has reviewed the study titled "Feasibility of <br />Replacement of the Stokes Gulch Siphon, January 2006". Modifications may be <br />requested by Mr. Russell via phone/fax or email in the next couple weeks. The approved <br />study, in combination with the CWCB Board Memo revised March 23, 2006, will meet <br />the requirements of the CWCB Construction Fund Guidelines for loan feasibility <br />studies. <br /> <br />b) Contracting: An approved contract mUst be in place before funds can be advanced. <br />Chad Henderson will initiate the loan contracting process for this project. Once the <br />contract is finalized the Company may request loan funds to cover eligible project <br />expenses. You can contact Chad Henderson at 303-866-3462 regarding contracting <br />requirements. <br /> <br />c) Design/Construction: You must adhere to the CWCB Design and Construction <br />Administration Procedures. Tim Feehan will contact you regarding the requirements <br />concerning construction. Tim will make construction site visits, which will be the basis <br />of pay estimates for disbursement of your loan funds. You can contact Tim Feehan at <br />303-866-3480. <br /> <br />Flood Protection · Water Supply Planning and Finance. Stream and Lake Protection <br />Water Supply Protection. Conservation and Drought Planning <br />