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STATE OF COLORADO <br /> Colorado Water Conservation Board A,,,z <br /> Department of Natural Resources .0v•`'°to <br /> 1313 Sherman Street,Room 721 e <br /> Denver,Colorado 80203 * v <br /> Phone:(303)866-3441 <br /> Fax:(303)866-4474 s�876 s <br /> www.cwcb.state.co.us ' , } <br /> May 23, 2O 14 John W.Hickenlooper <br /> y Governor <br /> Mike King <br /> DNR Executive Director <br /> Mr. Patrick Mulhern, General Manager <br /> • <br /> Cottonwood Water& Sanitation District James Eklund <br /> CWCB Director <br /> 2 Inverness Drive East, Suite 200 <br /> Englewood, CO 80112 <br /> Re: Water Infrastructure and Supply Efficiency (WISE) Project C150408 <br /> Mr. Mulhern: <br /> I am pleased to inform you that on May 22,2014,the Colorado Water Conservation Board <br /> approved your loan request for the Water Infrastructure and Supply Efficiency (WISE)Project as <br /> described in the application and approved Loan Feasibility Study titled"Water Infrastructure • <br /> and Supply Efficiency Project Loan Feasibility Study" dated October 23, 2013. The Board <br /> approved a loan not to exceed$4,508,640 ($4,464,000 for project costs and $44,640 for the 1% <br /> Loan Service Fee). The loan terms shall be 3.00%per annum for 30 years. <br /> I have attached a copy of the updated Board memo dated May 23, 2014,that includes the Board's <br /> approval. <br /> After the Board approves a loan there are a few steps that remain in the loan process including: <br /> A) Contracting: An approved contract must be in place before funds can be disbursed. Peg <br /> Mason will contact you to initiate the loan contracting process for this project. When all of <br /> the contract conditions are met and the contract is executed the Company may request loan <br /> funds to cover eligible project expenses. You can reach Peg at(303) 866-3441 x3227. <br /> B) Design/Construction: You must adhere to the CWCB Design and Construction <br /> Administration Procedures. Derek Johnson,P.E.,will be the Project Manager for this phase <br /> of the process and will work with you on the disbursements of your loan funds. You can <br /> contact him at(303) 866-3441 x3254. <br /> Interstate Compact Compliance•Watershed Protection•Flood Planning&Mitigation•Stream&Lake Protection <br /> Water Project Loans&Grants•Water Modeling•Conservation&Drought Planning•Water Supply Planning <br />