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<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 /> <br />ST A Tl~ OF COLORADO <br /> <br />February 20, 2003 <br /> <br />Bill Owens <br />Governor <br /> <br />Greg E. Walcher <br />Executive Director <br /> <br />Mr. Charles Klarich <br />Town Administrator <br />Town of Frederick <br />P.O. Box 435 <br />Frederick, Colorado 80530 <br /> <br />Rod Kuharich <br />CWCB Director <br /> <br />Dan McAuliffe <br />Deputy Director <br /> <br />RE: Loan to Rehabilitate Milavec Lake <br /> <br />Dear Charles: <br /> <br />I am pleased to inform you that the Colorado Water Conservation Board (CWCB) approved your Small <br />Project Loan request on January 23,2003. The loan is to rehabilitate Milavec Lake to reduce seepage <br />and increase capacity, in order to provide non-treated irrigation water for approximately 100 acres of <br />parks, open space, and school recreation areas. <br /> <br />The Board approved a Small Project Loan from the Construction Fund in a maximum amount of <br />$1,000,000, with loan terms of 4.5% per annum for 20 years. I have attached a copy of the updated <br />Board memo that includes a section "Action taken by the CWCB on January 23,2003." <br /> <br />When the Board approves a loan there remain several conditions: <br /> <br />a) A Feasibility Study is required. No further action is required on your part. Bruce <br />Johnson has reviewed the study titled "CWCR Feasibility Study for the Milavec Lake <br />Rehabilitation Project - December 2002." The report, in combination with the CWCB <br />board memo dated January 10, 2003 m(~ets the requirements of the CWCB Construction <br />Fund Guidelines for feasibility studies. <br /> <br />b) An approved contract must be in place before funds can be advanced. J an Illian will <br />place this project on our contracting "hot list" and will initiate the loan contracting <br />process. Once the contract is finalizc~d the Company may request loan funds to cover <br />eligible project expenses. For future n~ference Jan's phone number is 303-866-3462. <br /> <br />c) You must adhere to the CWCB Design 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 <br /> <br /> <br />Flood Protection. Water Supply Planning and Finance. Stream and Lake Protection <br />Water Supply Protection. Conservation and Drought Planning <br />