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STATE OF COLORADO <br />Colorado Water Conservation Board <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 />March 17, 2011 <br />Mr. John Guenzi, Secretary <br />Farmers Pawnee Canal Co. <br />16911 County Rd. 39 <br />Sterling, CO 89751 <br />Re: Ditch Flow Control Structure Rehabilitation Project - Loan Increase <br />Contract Number C150272 <br />Dear John <br />John W. Hickenlooper <br />Govemor <br />Mike King <br />DNR Executive Director <br />Jennifer L. Gimbel <br />cwcs n;�c�r <br />I am pleased to inform you that on March 15, 2011 the Colorado Water Conservation Board <br />approved your loan increase request for the Ditch Flow Control Structure Rehabilitation Project. <br />The Board approved an increase of $28,280 ($28,000 for project costs and $280 for the 1% Loan <br />Service Fee). The Company's amended totalloan amount will be $255,530 ($253,000 for project <br />costs and $2,530 for the 1% Loan Service Fee). The loan terms shall remain 30 years at an <br />interest rate of 2.50% per annum. I have attached a copy of the updated Board memo dated March <br />16, 2011, that includes the Board's approval. <br />An amended contract must be in place before the additional funds can be disbursed. Vaughn <br />McWilliams will initiate the loan contract amendment process. When the amended contract is <br />executed the Company may request the additional loan funds to cover eligible project expenses. <br />Vaughn can be reached at (303) 866-3441 ext. 3227, if necessary. <br />On behalf of the Board, I would like to thank you for your interest in a loan from the Colorado <br />Water Conservation Board. <br />Sincerely, <br />Tim Feeh , P.E., Chief <br />Finance ection <br />Attachment: Updated Board Memo <br />I � � <br />Kirk Russell, P.E. <br />Design & Construcrion Manager <br />Interstate & Federal • Watershed & Flood Protection • Stream & Lake Protection • Finance <br />Water Information • Water Conservation & Drought Planning • Water Supply Plsnning <br />