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Terrace Irrigation Company <br />Spillway Replacement Project <br />March 23, 2012 <br />Page 2 of 2 <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 />Kirk Russell, P.E., Chief <br />Finance Section <br />Colorado Water Conservation Board <br />Attachment: Updated Board Memo <br />E -mail Copy (Including Attachments) <br />Travis Smith, CWCB Board Member— Alamosa River Basin <br />CWCB Finance Section Staff <br />Ryan Edwards, P.E., Project Manager <br />Finance Section <br />Colorado Water Conservation Board <br />