C150157 approval letter

• Contract/PO #: C150157
• Contractor Name: Grand Mesa Reservoir Company
• Contract Type: Loan
• County: Mesa
• Loan Projects - Doc Type: Approval Letter

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STATE OF COLORADO
Colorado Water Conservation Board
Department of Natural Resources
1313 Sherman Street, Room 721
Denver, Colorado 80203
Phone: [phone]
FAX: [phone]
www.cwcb.state.co.us
Bill Owens
Governor
Greg E. Walcher
September 26, 2003 Executive Director
Rod Kuharich
CWCB Director
Dan McAuliffe
Mr.Rod Bonnell, Secretary-Treasurer Depu�D��tor
Grand Mesa Reservoir Co. RE: Rehabilitation of the
100 Whiting Road Grand Mesa Reservoirs #1 and #9.
Whitewater, CO 81527 Loan Approval
Dear Mr. Bonnell,
I am pleased to inform
approved your request
understand the loan will
Reservoirs #1 and #9,
Mesa Reservoir #1.
you that the Colorado Water Conservation Board (CWCB) has
for a Small Project Loan from the Construction Fund. V1�e
be used to rehabilitate the outlet systems on the Grand Mesa
and to complete spillway and seepage control work on Grand
The Board approved a loan from the Construction Fund in an amount of $180,000 at the
loan terms of 2.4% for 20 years or 2.7% for 30 years. The approval includes the provision
for a 1% loan service charge, which may be paid at substantial completion of the project,
or financed along with the loan. I have attached a copy of the updated Board memo
concerning the Grand Mesa Reservoir Company. Please refer to page 5 of that memo
and to the section "Action taken by the CWCB September 22, 2003."
When the Board approves a Small Project Loan from the Construction Fund there remain
several conditions:
a) A Feasibility Studv must be com lep ted" We have reviewed the July 2003 study
titled Feasibility Study, Grand Mesa Reservoir Company, Outlet Projects, Grand
Mesa Reservoirs One & Nine, prepared by the Grand Mesa Reservoir Company
using technical information provided by the City of Grand Junction. Please
continue to work with John Van Sciver to update the report to include the
expanded scope of the project.