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" . .. STATE OF COLORADO Colorado Water Conservation Board Department of Natural Resources . 721 State Centennial Building 1313 Shennan Street Denver, Colorado 80203 Phone (303) 866-3441 FAX (303) 8664474 Roy Romer Governor MEMO,RANDUM James S. Lochhead Executive Director, DNR Daries C. Lile, P.E. Director, CWCB TO: Colorado Water Conservation Board Members Bill Green '73 ? FROM: DATE: July 17, 1995 SUBJECT: Agenda Item 23d., July 24-25, 1995, Board Meeting-- Water Project Construction Loan Program - Reconnaissance and Feasibility Studies - Town of Norwood . BACKGROUND: . At the January 1995 meeting, theBoard recommended a supplemental authorization of $630,000 for the Town ,of Norwood/Norwood Water Commission to construct a new raw water reservoir to provide the Town with independent storage and a winter water supply (January agenda item 18a.). This amount, together with a previous authorization of $320,000, will result in $950,000 of CWCB financing for the reservoir project. DISCUSSION: Two of the conditions that the Board attached to final loan approval were as follows: (a) The loan shall be contingent upon satisfactory completion of the draft feasibility study and acceptance of the fmal version of the feasibility study by the CWCB staff. (b) The loan shall also be contingent upon the submittal to the staff, either as a part of the feasibility study or separately, a detailed plan, approved by the Norwood Water Commission, for acquiring and' utilizing adequate water supplies for the purposes of the proposed project. In March, Norwood's engineering consultant submitted the final version of the feasibility study which has been accepted and approved by the CWCB staff, thus meeting the first condition above. In early May, the Norwood Water Commission (NWC) sent a letter,