Laserfiche WebLink
Ridgway Reservoir Micro-Hydro Project Loan Feasibility <br />Page 28 of 42 <br />Q�o�p WP%p�,��,F� <br />�r.• _ •,.�� COLORADO WATER RESOURCES & <br />7961 <br />��,��� POWER DEVELOPMENT AUTHORITY <br />�F�EIOPME� A Logan Tower Bldg. - Suite 620, 1580 Logan Street, Denver, Colorado 80203-1942 <br />303/830-1550 • Fax 303/832-8205 • 9nfo�cwrpda.com <br />April 27, 2010 <br />M�Ce Berry <br />General Manager <br />Tri-County Water Conservancy District <br />647 North 7�' Street <br />PO Box 347 <br />Montrose, CO 81402 <br />Subject: Colocado Waber Resources and Power Development Authority Loan Program <br />Related to Tri-County Water's Ridgway Reservoir Micro-Hydro Project <br />Dear Mike, <br />Per you request related ta Tri-County Water's epplication to the Bureau of Redamatbn <br />requesting funding far the Ridgway Reservair Micro-Hydro Project, I am wrifiing to darify <br />infoRnation regarding CWRPDA's relevant loan program. <br />It is my understanding that Tri-County Wat� is requesting grant funds from the Bureau for <br />installation of a 5 MW micro-hydro generation at Ridgway Reservoir. <br />Tri-County Water is eligible to request a CVNRPDA loan for up io $2M to support construction of <br />this project, assuming the project meets all applicable requi�ements. Pending approval from <br />CW RPDA's Board, a foan could be provided at an interest rate af 2°k for a term of twenty years. <br />Good luck wlth your grant appllcadon to the Bureau, and please don't hesitate to oontact me if <br />you require any addiUonal information. <br />Sincerely, `� <br />l ✓/ — l ,. <br />� ,. <br />i f �' �� <br />Keith McLaugF�%�i <br />Finance �ire�{or <br />