PROJ01896 ‎(2)‎

• Contract/PO #: C153700
• Contractor Name: Norwood, Town of and Norwood Water Commission
• Contract Type: Loan
• Water District: 60
• County: San Miguel
• Bill Number: HB 93-1273
• Loan Projects - Doc Type: Approval Letter

Colorado Water Conservation Board
Depmtment of Natural Resources

721 State Centennial Building
1313 Sherman Street
Denver, Colorado 80203
Phone [phone]-
FAX [phone]

~d IS CO(l----
STATE OF COLORADO

.

February 15, 1995

Roy Romer
Governor

The Honorable June Estep
Mayor of Norwood
P.O. Box 299
Norwood, Colorado 81423

James S. Lochhead
Executive Director, DNR

Da...-i~s C. Lile, P.E
Dill",Ctor. CWCD

RE: Town of Norwood Water Commission Request for Supplemental Authorization

Dear Mayor Estep:

Concerning the Town of Norwood's request for a supplemental authorization of $630,000
from the Colorado Water Conservation Board (CWCB) Construction Fund, I am pleased to
inform you that the Board approved the request at its January 25th meeting. The repayment
period for the $630,000 loan will be 40 years and the interest rate will be four percent. This
supplemental authorization will be in addition to Norwood's existing authoriZation of
$320,000. Both authorizations are to finance the construction of Norwood's new raw water
reservoir as described in the draft WestWater Engineering feasibility study.

You will recall that the loan was approved by the Board on the following conditions:

(a) The loan shall be contingent upon satisfactory completion of the draft
feasibility study and acceptance of the final 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.

(c) The loan shall be further contingent upon all standard contracting provisions of
the CWCB.

Please continue to coordinate with Bill Green on the completion of items (a) and (b).

Your supplemental authorization from the Construction Fund will be considered by the State
General Assembly as part of the 1995 CWCB Construction Fund bill with passage expected in
May 1995. Funds should be available about July 1, 1995, assuming we are able to negotiate
a contract by that date. Please continue to coordinate on CWCB contracting activities with
Jan Illian of the Project Planning and Construction Section staff. Final contract documents
will be sent to you for signing after the Construction Fund bill is signed by the Governor.