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�r <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)866-4474 <br />www.cwcb.state.co.us <br />February 8, 2011 <br />Mr. Donn Engle, Secretary <br />WRCC, IT1C. <br />106 Elm Avenue <br />Eaton, CO 80615 <br />Re: Cobb Lake Inlet Reconstruction Proj ect <br />Contract Number C 150302 <br />Dear Mr. Engle: <br />John W. Hickenlooper <br />Govemor <br />Mike King <br />DNR Executive Director <br />Jennifer L. Gimbel <br />CWCB Director <br />I am pleased to inform you that on January 25, 2011 the Colorado Water Conservation Board <br />approved your loan increase request for the Cobb Lake Inlet Reconstruction Project. The Board <br />approved a$50,7021oan increase ($50,200 for project costs and $502 for the 1% Loan Service Fee) <br />The Company's amended total loan amount will be $1,352,592 ($1,339,200 for project costs and <br />$13,392 for the 1% Loan Service Fee). The loan terms shall remain 30 years at an interest rate of <br />2.85% per annum. I have attached a copy of the updated Board memo dated February 3, 2011, that <br />includes the Board's approval. <br />An amended contract must be in place before the additional funds can be disbursed. Vaughn <br />McWilliams will initiate the loan contract amendment process. When the amended contract is <br />executed the Company may request the additional loan funds to cover eligible project expenses. <br />You can contact Vaughn at (303) 866-3441 ext. 3227, if necessary. <br />On behalf of the Board, I would like to thank you for your interest in a loan from the Colorado <br />Water Conservation Board. <br />Sincerely, <br />/ ���� <br />Tim Feehan, <br />Finance Sect <br />, Chief <br />� <br />Kirk Russell, P.E. <br />Design & Construction Manager <br />Attachment: Updated Board Memo <br />Interstate & Federal • Watershed & Flood Protection • Stream & Lake Protection • Finance <br />Water information • Water Conservation & Drought Pianning • Water Supply Planning <br />