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<br />C; 1:;)0 J( a-- <br /> <br />STATE OF COLORADO <br /> <br />Colorado Water Conservation Board <br /> <br />Department of Natural Resources <br />1313 Sherman Street, Room 721 <br />Denver, Colora.do 80203 <br />Phone: (303) 866-3441 <br />FAX: (303) 866-4474 <br />www.cwcb.state.co.us <br /> <br /> <br />September 18, 2002 <br /> <br />Bill Owens <br />Governor <br /> <br />Greg E. Walcher <br />Executive Director <br /> <br />Rod Kuharich <br />CWCB Director <br /> <br />Wayne Miller, President <br />Kern Reservoir and Ditch Co. <br />2319 10lh Street <br />Windsor, CO 80550 <br /> <br />Re: Kern Reservoir <br />Small Project Loan Approval <br /> <br />Dan McAuliffe <br />Deputy Director <br /> <br />, <br /> <br />Dear Wayne, <br /> <br />~ <br /> <br />I am pleased to inform you that the Colorado Water Conservation Board (CWCB) approved your <br />Small Project loan request on September 12, 2002. The loan is for rehabilitation of the Kern <br />Reservoir. <br /> <br />The Board approved a Small Project Loan from the Construction Fund in a maximum amount of <br />$1 million at the loan terms of 5.1% for 30 years or4.8% for 20 years. I have attached a copy of the <br />updated Board memo concerning the Kern Reservoir and Ditch Company. Please refer to page 4 <br />of that memo and to the section "Action taken by the eWeB September 12, 2002." <br /> <br />When the Board approved this Small Project Loan it attached several conditions: <br /> <br />1. A Feasibilitv Studv is reauired. John Van Sciver has reviewed the draft feasibility study for this <br />project prepared by Rocky Mountain Consultants Inc. John will continue to work with your <br />engineer to ensure that the study meets the requirements of the CWCS Construction Fund <br />Guidelines. <br /> <br />2. An approved contract must be in place before funds can be advanced. Jan IIlian has placed <br />this project on our contracting "hot lisf' and has initiated the loan contracting process. Jan will <br />contact you directly as she drafts the loan contract. We expect to have the contract ready for <br />final signature and routing by November and that loan funds will be available by January 1, <br />2003. Jan's phone number is (303) 894-2572. <br />