Laserfiche WebLink
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 />November 20, 2008 <br />Mr. Ralph "Terry" Scanga, President <br />New Salida Ditch Company <br />9250 County Road 156 <br />Salida, Colorado 81201 <br />RE: Ditch Pipeline Project <br />Contract Number C 150277 <br />Dear Mr. Scanga: <br />Bill Ritter, Jr. <br />Governor <br />Hams D. Shem~an <br />DNR Executive Director <br />Jennifer L. Gimbel <br />CWCB Director <br />Dan McAuliffe <br />CWCB Deputy Director <br />I am pleased to inform you that on November 19, 2008 the Colorado Water Conservation Board <br />(CWCB) approved your loan request for the Ditch Pipeline Project as described in the application and <br />approved Loan Feasibility Study titled "Feasibility of Installation of a Pipeline in Brown Canon <br />Section of New Salida Ditch, October, 2008." The Boazd approved a loan not to $365,620 ($362,000 <br />for project costs and $3,620 for the 1 % Loan Service Fee) with loan terms of 2. 5% per annum for 30 <br />years. I have attached a copy of the updated Board memo dated November 20, 2008, that includes the <br />Board's approval. <br />After the Board approves a loan there are a few steps that remain in the loan process including: <br />A) Contracting;: An approved contract must be in place before funds can be disbursed. Vaughn <br />McWilliams will initiate the loan contracting process for this project. When all of the contract <br />conditions aze met and the contract is executed the Company may request loan funds to cover <br />eligible project expenses. You can contact Vaughn at (303) 866-3441 x 3227 regarding the <br />requirements. <br />B) DesigniConstruction: You must adhere to the CWCB Design and Construction Administration <br />Procedures. Tim Feehan will contact you regarding this phase of the process. Tim will make <br />construction site visits, which will be the basis of pay estimates for disbursement of your loan <br />funds. You can contact Tim at his desk at (303) 866-3441 x 321 l or cell phone (303) 618- <br />5010. <br />W'atcr Supply Protection • Watershed Protection & Flood .tilitigation • Stream & Lake Protection • Water Supply Planning & Finance <br />Water Conservation & Drought Planning • Intrastate W'atcr Management & Development <br />