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<br />. <br /> <br />... <br /> <br />Mr. John Norris, Manager <br />Town of Paonia <br />December 20, 1994 <br /> <br />2 <br /> <br />keep the door open for a loan from the Revolving Fund, at an interest rate of 4.5%. If <br />you receive a loan from the Revolving Fund for a portion of your project, we can still <br />loan you the rest at a 4% rate, up to a maximum of $600,000 (but not more than 75% of <br />the total project costs.) <br /> <br />c. An approved contract must be in place before the construction work can proceed. Jan <br />Illian of this office will draft the contract in March or April of 1995, and will send you <br />a review copy upon request. Final contract documents will be sent to you for signing <br />after the Construction Fund bill is signed by the Governor, about June 1, 1995. Please <br />contact Jan (303-866-3441) after February 1, 1995 to' initiate the contracting procedure. <br /> <br />On behalf of the Board, I would like to thank you for. applying for a Construction Flmd Loan <br />from the Colorado Water Conservation Board. Please call me at any time if I can be of <br />assistance. <br /> <br />Sincerely, <br /> <br />~?~ <br /> <br />William P. Stanton, P .E. <br />C~ef, Project Planning and Construction Section <br />Colorado Water Conservation Board <br /> <br />JVS :jvs <br /> <br />Attachments: <br /> <br />updated Memo 29L.NOY <br />Letter Dated November 16, 1994; Bill Green <br /> <br />cc (wi Attachments): <br />Ray Werner, Member CWCB <br />Joanne Fagan, P .E. <br /> <br />cc (w/o Attachments): <br />Chuck Lile, CWCB Director <br />Peter Evans, CWCB Deputy Director <br />Dan Law, Colorado Water and Power Development Authority <br />Barry Cress, Colorado Division of Loca1 Government <br />Bill Green, CWCB Staff <br />Mike Serlet, CWCB Staff <br />Jan Illian, CWCB Staff <br /> <br />W:\ WCTRANS\SEC _ B\29LNOY.L 1R <br />