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<br />Colorado Water Conservation Board <br />Department of Natural Resources <br />1313 Sherman Street, Room 721 <br />Dl:lnver, Colorado 80~03 <br />Phone: (303) 866-3441 <br />fAX: (3031866-4474 <br />www.cwcb.state.co.us <br /> <br />STATE OF COLORADO <br /> <br />Q <br /> <br />September 27,2001 <br /> <br />Bill Owens <br />Governor <br />Greg E. Walcher <br />Executive Director <br />Rod Kuharich <br />eWeB Director <br />Dan McAuliffe <br />Deputy Director <br /> <br />Mr. John Peroulis, Partner <br />John Peroulis & Sons Partnership <br />P,O, Box 1015 <br />Craig, CO 81626 <br /> <br />RE: <br /> <br />Rehabilitation of Martin Cull Dam <br />Small Project Loan Approval <br /> <br />Dear Mr. Peroulis, <br /> <br />I am pleased to inform you that the Colorado Water Conservation Board (CWCB) approved your <br />Small Project Loan request on September 25, 2001, The loan is for rehabilitation work on the <br />Martin Cull Dam, <br /> <br />The Board approved a Small Project Loan from the Construction Fund in a maximum amount of <br />$100,000, The loan terms are 3,5% for 30 years. I have attached a copy of the updated Board <br />memo concerning' the John Peroulis & Sons Partnership, Please refer to page 4 of that memo and <br />to the section "Action taken by the CWCB September 25, 2001," <br /> <br />When the Board approves a Small Project Loan there remain several conditions: <br /> <br />a) A Feasibility Studv is reauired, John Van Sciver has reviewed the study titled "Feasibility Study <br />- Rehabilitation of the Martin Cull Dam"by Brian Len PE of Northwest Colorado Consultants, <br />Inc, The report meets the requirements of the CWCB Construction Fund Guidelines for <br />feasibility studies. <br /> <br />b) An approved contract must be in place before funds can be advanced, Jan IlIian has placed <br />this project on our contracting "hot list" and has initiated the loan contracting process, I <br />understand the project will be constructed in fall-winter 2001, and that the Partnership will need <br />funds to pay contractor bills on or about December 1, 2001, Our goal is to have the loan <br />contract signed by all parties to meet these scheduled dates. <br /> <br />c) You must adhere to the CWCB Desian and Construction Administration Procedures, Tim <br />Feehan will contacted you regarding the CWCB requirements concerning project bidding, <br />design, and construction, Tim will make construction inspections, which will be the basis of the <br />monthly pay estimates for disbursement of your loan funds, <br /> <br />d) You must adhere to the CWCB Guidelines for Financial Assistance, <br /> <br />Flood Protection. Water Project Planning and Financing. Stream and lake Protection <br />Water Supply Protection. Conservation Planning <br />