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<br />STATE OF COLORADO <br /> <br />Colorado Water Conservation Board <br />Department of Natura I Resources <br /> <br />1580 Logan Street, Suite 750 <br />Denver, Colorado 80203 <br />Phone: (303) 866-3495 <br />FAX: (303) 894-2578 <br /> <br />MEMORANDUM <br /> <br />From: <br /> <br />Ms. Dianne Stump, DNR contrOller/J <br /> <br />Mr. Steve Biondo, Finance Manager <br />Water Supply Planning and Finance S . n <br /> <br />To: <br /> <br />Date: <br /> <br />June 5, 2008 <br /> <br />Subject: <br /> <br />Pinewood Springs Water District <br />Loan Contract C150180, Amendment No.1 <br />Increase Discrepancy <br /> <br />The Board Memo written by Mr. Tim Feehan, CWCB Project Manager, should have stated $757,501 <br />increase for the loan amount (instead of $757,500) to make a total approved loan amount of <br />$2,811,689. The Board approved and the Minutes state the total as $2,811,689. A rounding <br />difference for the Loan Service Fee for the totals created the difference which was inadvertently <br />missed when including the individual numbers in the Board Memo and the Minutes that reflected <br />those numbers. The original contract of $2,054,188 plus the increase of $757,501 would correctly <br />equal $2,811,689. <br /> <br />We recommend that the total approved by the Board be the encumbered total for this loan contract. <br /> <br />cc: Mr. Mike Serlet, Chief <br />