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<br />Kern Reservoir and Ditch Company <br />December 4, 2002 <br /> <br />Page 2 <br /> <br />2. An approved contract must be in place before funds can be advanced. Jan IIlian has <br />placed this follow-up loan on our "hot list" and will initiate the loan contracting process <br />with a goal of having a signed contract in place by summer 2003. Once the contract is <br />finalized the Company may request loan funds to cover eligible project expenditures. <br /> <br />3. You must adhere to the CWCB Desiqn and Construction Administration Procedures. <br />Tim Feehan will contact you regarding the CWCB requirements concerning project <br />bidding, design, and construction. Tim will make construction inspections, which will be <br />the basis of the pay estimates for disbursement of your loan funds. <br /> <br />On behalf of the Board, I would like to thank you for applying for a loan from the Colorado <br />Water Conservation Board. <br /> <br />~J~ <br /> <br />Mike Serlet, PE, Chief <br />Water Supply Planning and Finance Section <br />Colorado Water Conservation Board <br /> <br />Attachments: <br /> <br />Updated Memo: Kern 1102 memo <br /> <br />cc (wIAttachmenl): <br /> <br />Mr. Eric Wilkinson, Colorado Water Conservation Board <br />CWCB Section B Staff <br />Linda Bassi, AGO <br />Chrono file <br /> <br />C: wp51\Proj.NewlKem 1121tr <br /> <br />