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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 />August 5, 2003 <br />Mr. Norman Hunt, President <br />Silt Water Conservancy District <br />P.O. Box 8 <br />Silt, CO 81652 <br />Dear Mr. Hunt, <br />RE <br />Bill Owens <br />Govemor <br />Greg E. Walcher <br />Executive D'uector <br />Rod Kuhazich <br />CWCB Director <br />Dan McAuliffe <br />Devutv Director <br />Rehabilitation of System Infrastructure <br />Loan Approval <br />I am pleased to inform you that the Colorado Water Conservation Board (CWCB) has <br />approved your request for a Small Project Loan from the Construction Fund. We <br />understand the loan will be used to rehabilitate system infrastructure. <br />The Board approved a loan from the Construction Fund in an amount of $1,019,700 ai <br />the loan terms of 2.5% for 30 years. The approval includes the provision for a 1% loan <br />service charge, which may be paid at substantial completion of the project, or financed <br />along with the loan. I have attached a copy of the updated Board memo concerning the <br />Silt Water Conservancy District. Please refer to page 4 of that memo and to the section <br />"Action taken by the CWCB July 28, 2003." <br />When the Board approves a Small Project Loan from the Construction Fund there remain <br />several conditions: <br />a) A F asibilitv �dy m��t be comnleted. We have reviewed the study titled <br />Feasibility of Infrastructure Upgrade and Rep/acement. The report meets the <br />requirements of the CWCB Construction Fund Guidelines for feasibility studies, <br />and has been accepted. <br />