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C150272 Approval Letter
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C150272 Approval Letter
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Last modified
6/15/2011 8:53:39 AM
Creation date
9/25/2008 11:01:18 AM
Metadata
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Template:
Loan Projects
Contract/PO #
C150272
Contractor Name
Farmers Pawnee Canal Company, The
Contract Type
Loan
Water District
0
County
Logan
Loan Projects - Doc Type
Approval Letter
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<br />STATE OF COLORADO <br /> <br />Colorado Water Conservation Board <br /> <br />Department of Natural Resources <br />1313 Shennan 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 />BiII Ritter, Jr. <br />Governor <br /> <br />TO: <br /> <br />Colorado Water Conservation Board Members <br /> <br />Harris D. Shennan <br />DNR Executive Director <br /> <br />FROM: <br /> <br />Anna Mauss, PE ~~,/ I <br />Mike Serlet, PE, Chief~~ <br />Water Supply Planning Fmance Section <br /> <br />Jennifer L. Gimbel <br />CWCB Director <br /> <br />Dan McAuliffe <br />CWCB Deputy Director <br /> <br />DATE: <br /> <br />September 9,2008 (Updated September 19, 2008) <br /> <br />SUBJECT: <br /> <br />Agenda Item 23b, September 16-17,2008 Board Meeting <br />Water Supply Planning and Finance Section - New Project Loans <br />Farmers Pawnee Canal Company - Ditch Flow Control Structures Project <br /> <br />Introduction <br /> <br />The Farmers Pawnee Canal Company (Company) has requested a loan for its Ditch Flow Control <br />Structures Project (Project). The Project involves installation of new radial gates to help the Company <br />more efficiently divert water at its river diversion and through its ditch. See attached Project Data <br />Sheet for a location map and a project summary. <br /> <br />Staff Recommendation (Board approved Staff recommendation on September 17, 2008) <br /> <br />Staff recommends the Board approve a loan not to exceed $227,250 ($225,000 for project costs and <br />$2,250 for the 1 % Loan Service Fee) to the Farmers Pawnee Canal Company for the Ditch Flow <br />Control Structures Project from the Severance Tax Trust Fund Perpetual Base Account. The terms <br />of the loan shall be a 30-year loan at 2.5% per annum. Security for the loan shall be in compliance <br />with CWCB Financial Policy #5. <br /> <br />Water Supply Protection. Watershed Protection & Flood Mitigation. Stream & Lake Protection. Water Supply Planning & Finance <br />Water Conservation & Drought Planning. Intrastate Water Management & Development <br />
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