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 />May 26, 2009 <br />Mr. Michael Rinks, President <br />Huerfano-Cucharas Irrigation Company <br />215 W. Second Street <br />Pueblo, CO 81003 <br />RE: Cucharas Reservoir Rehabilitation Project <br />Contract Number C150292 <br />Dear Mr. Rinks: <br />Bil] Ritter, Jr. <br />Govemor <br />Harris D. Sherman <br />DNR Executive Director <br />Jennifer L. Gimbel <br />cwcB rnre�ror <br />Dan McAuliffe <br />CWCB Deputy Director <br />I am pleased to inform you that on May 19, 2009 the Colorado Water Conservation Board approved <br />your loan request for the Cucharas Reservoir Rehabilitation Project as described in the application <br />and approved Loan Feasibility Study titled "Cucharas Reservoir No. S Dam Rehabilitation <br />Feasibility Study, " dated March 2009. The Board approved a loan not to exceed $1,622,060 <br />($1,606,000 for project costs and $16,060 for the 1% Loan Service Fee) with loan terms of 2.5% per <br />annum for 30 years. I have attached a copy of the updated Board memo dated May 22, 2009, that <br />includes the Board's approval. <br />After the Board approves a loan there are a few steps that remain in the loan process including: <br />B) Contractin�: 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 are 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. The contract will include the following contract provision: <br />The CWCB will not disburse funds until the SEO has approved the Project. <br />C) Desi�n/Construction: 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 3211 or cell phone (303) 618- <br />5010. <br />Water Supply Protection • Watershed Protection & Flood Mitigation • Stream & Lake Protection • Water Supply Planning & Finance <br />Water Conservation & Drou�ht Planning • Intrastate Water Management & Development <br />