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<br />STATE OF COLORADO <br /> <br />- . .. <br /> <br />Colorado Water Conservation Board <br /> <br />Department of Natural Res,oUrces <br />1313 Sherman Street. Room 721 <br />Denver, Colorado 80203 <br />Phone: (303) 866-3441 <br />F.AX:(303) 866-4474 <br />www.cwcb.state.co.us <br /> <br /> <br />February 11,2005 <br /> <br />Bill OWens <br />Governor <br /> <br />Mr. Philip C. Saletta, General Manager <br />Dolores Water Conservancy District <br />P.O. Box 1150 <br />Cortez, Colorado '81321 <br /> <br />Russell George . <br />J;xecutive Director <br /> <br />Rod Kuharich <br />CWCB D;irector <br /> <br />RE: Loan to Construct WETP ACK Irrigation Facilities <br /> <br />Dear Philip: <br /> <br />I am pleased to inform you that on January 26, 2005 the Colorado Water Conservation Board (CWCB) <br />approved your loan request. We understand that the loan will be used to construct pumping plant and <br />pipeline facilities to provide water to irrigate approxiInately 2200 acres, as part of the WETP ACK. <br />project. - <br /> <br />. Dan McAuliffe <br />Deputy Director <br /> <br />. The Board approved a loan in a.maxim1,lID. amount of $~,323,180 With loan terms of 2.50% per anmnn <br />for 30 years. I have attached a copy offue updated Board memo .1;hat includes a section. "Action taken <br />by the CWCB on January 26, 2005." This loan will replace the unused remaining amount on the <br />existing CWCB loan contract (No. C150058A), 'in accordance with the conditions ofloan approval. <br /> <br />When the Board approves a loan there remain sevei'al conditions: <br /> <br />a)A Feasibility Study is reauired. B~ ~ohnson has reviewed the study titled "Wetpack <br />Feasibility Repart for Pleasant View East and Yel10w Jacket East Irrigation Facilities _ <br />. December 2004." 'No further action is required of you on this item. The report,in <br />combination with the 'CWCB board memo dated January' 14, 2005 will meet the <br />requirements of the CWCB COnstruction Fund Guidelines for fe~bility studies. <br /> <br />b) . An approved contract must bem place before funds can be advanced. Chad Henderson <br />will place this project on our contraCting ''hot list" and will initiate the loan contracting <br />process. Once the contract is finalized the Company may request loan funds to cover - <br />eligible project ,expenses. For future reference Chad's phone number is 303-866- <br />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 />Flood Protection · Water Supply Planning and Finance . Stream and Lake Protection <br />- Water SUI'Ply Protection. Conservation and Drought Planniitg <br /> <br />