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<br />t, <br /> <br />STA1TE 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 />Bill Owens <br />Governor <br /> <br />Russell George <br />Executive Director <br /> <br />October 31,2006 <br /> <br />Rod Kuharich <br />CWCB Director <br /> <br />Mr. James T. Yahn, Manager <br />Logan Irrigation District <br />112 North 8th Avenue <br />P.O. Box 333 <br />Sterling, CO 80751-0333 <br /> <br />Dan McAuliffe <br />Deputy Director <br /> <br />Re: Prewitt Reservoir Emergency Spillway Project - Loan Amendment Approval <br /> <br />Dear Mr. Yahn I; 98,:J8/#f <br /> <br />I am pleased to inform you that the Colorado Water Conservation Bo~approvedy~ . <br />request on September 19,2006. The Board approved an JlnCrease of$i~4,081 ($.l~2,15-9 for projecej/.9t~/:; <br />f. ~1 ,922 for the 1 % loan origination fee, in accordance with CWCB Policy No. 16) from the ~~ <br />;,O? (.' 2006 Severance Tax Fund, for a new total amended loan amount of$505,000. The loan will be at an 1__ <br /><1'# (' interest rate of2.35% for 20-years. I have attached a copy of the updated Board memo concerning the <br />rr':...J Logan Irrigation District's request. Please refer to page 4 of that memo and to the Section "Action <br />taken by the CWCB on September 19,2006". <br /> <br />The Board's approval was based on the Company meeting the following conditions. <br /> <br />1. An approved contract must be in-place before loan funds can be advanced. Vaughn <br />Me Williams, with our office has been in contact with you to initiate this process. If you <br />should have any questions, Vaughn's phone number is 303-866-3462. <br /> <br />2. You must adhere to CWCB's Standard Contracting Provisions. <br /> <br />3. The authorization will not commit the Colorado Water Conservation Board to provide any <br />further additional funding for the Prewitt Spillway Project. <br /> <br />Flood Protection. Water Supply Planning and Fimmce. Stream and Lake Protection <br />Water Supply Protection. Conservation and Drought Phmning <br />