Laserfiche WebLink
<br />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) 86611474 <br />www.cwcb.state.co.us <br />September 26, 2005 <br />Mr. John Zadel, General Manager <br />Central Weld County Water District <br />2235 2nd Avenue <br />Greeley, CO 80631 <br />RE: Loan to Construct Dry Creek Reservoir <br />Dear Mr. Zadel: <br />Bill Owens <br />Governor <br />Russell George <br />Executive Director <br />Rod Kuharich <br />CWCB Duector <br />Rick Brown <br />Acting Deputy <br />Director <br />I am pleased to inform you that on September 14, 2005 the Colorado Water Conservation Board <br />(CWCB) approved your loan request. We understand that the loan will be used to construct a new <br />water storage reservoir in a 50/50 partnership with the Little Thompson Water District. <br />The Board approved a loan not to exceed $4,994,955 ($4,945,500 for project costs and $49,455 for the <br />1 % Loan Service Fee) with loan terms of 3.70% per annum for 20 years. I have attached a copy of the <br />updated Board memo that includes a section "Action taken by the CWCB on September 14, 2005. <br />When the Board approves a loan there remain several conditions: <br />a) Feasibility Study_ Bruce Johnson has reviewed the study titled "Supplemental <br />Feasibility Study for Construction of Dry Creek Reservoir, August 1, 2005. " Minor <br />revisions to the document are being discussed with Boyle Engineering Corporation and <br />the final report should be forthcoming. We need this so that contract preparation can <br />begin. The report, in combination with the CWCB Board Memo revised September 23, <br />2005, will meet the requirements of the CWCB Construction Fund Guidelines for <br />feasibility studies. <br />b) Contracting: An approved contract must be in place before funds can be advanced. <br />Chad Henderson will initiate the loan contracting process for this project. Once the <br />contract is finalized the Company may request loan funds to cover eligible project <br />expenses. You can contact Chad Henderson at 303-866-3462 regarding contracting <br />requirements. <br />c) DesiQn/Construction: You must adhere to the CWCB Design and Construction <br />Administration Procedures. Tim Feehan will contact you regarding the CWCB <br />requirements concerning project bidding, design, and construction. Tim will make <br />Flood Protection • Water Supply Planning and Finance • Stream and Lake Protection <br />Water Supply Protection • Conservation and Drought Planning <br />