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STATE OF COLORADO <br />~ <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) 866h474 <br />www.cwcb.state.co.us <br />September 24, 2007 s~u ~tter, 7r. <br />Governor <br />Harris D. Sherman <br />Mr. Donald Neb, President Executive Direcmr <br />Bijou Irrigation District DanM~A,il;t~e <br />P.O. Box 972 a~a~,g cwcs <br />Fort Morgan, Colorado 80701 D`1'e`toY <br />RE: Loan for Bijou Irrigation District - Diversion Structure Rehabilitation <br />Dear pon: <br />I am pleased to inform you that on September 19, 2007 the Colorado Water Conservation Board <br />(CWCB) approved your loan request. We understand that the loan will be used to rehabilitate the <br />Empire Intake Canal diversion structure on the South Platte River. The Board approved a loan in a <br />maximum amount $654,480 (including the 1% loan service charge) with loan terms of 2.25% per <br />annum for 30 yeaxs. I have attached a copy of the updated Board memo that includes a section <br />"Action taken by the CWCB on September 19, 2007." I call your attention to the approval <br />conditions that will require the District to conduct an election in order to incur debt, in accordance <br />with applicable State statutes. <br />When the Board approves a loan there remain several conditions: <br />a) A FeasibilitY Study is requixed. Bruce Johnson has reviewed the study titled <br />"Feasibility of the Rehabilitation of the Bijou Irrigation District Diversion StYUCture, <br />June 2007. " No further action is required of you on this item. The report, in <br /> <br />combination with the CWCB board memo dated September 7, 2007 will meet the <br />requirements of the CWCB Water Project Loan Program Guidelines for feasibility <br />studies. <br />b) An approved contract must be in place before funds can be advanced. Vaughn <br />McWilliams will place this project on our contracting "hot list" and will initiate the loan <br />contracting process. Once the contract is finalized the Company may request loan funds <br />to cover eligible project expenses. For future reference Vaughn's phone number is <br />303-866-3462. <br />c) You must adhere to the CWCB Desi~n and Construction Administration Procedures. <br />Tim Feehan will contact you regarding the CWCB requirements concerning project <br />bidding, design, and construction. Tim will make construction inspections, which will <br />be the basis of the monthly pay estimates for disbursement of your loan funds. Tim's <br />phone number is 303-866-3480. <br />Flood Protecfion • Water Supply Planning and Finance • Stream and Lake Protection <br />Water Supply Protection . Conservation and Drought Planning <br />