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STATE OF COLORADO <br /> Colorado Water Conservation Board ,: I S, , <br /> Department of Natural Resources °f Coto <br /> 1313 Sherman Street,Room 721 x y� <br /> Denver,Colorado 80203 = * , <br /> Phone:(303)866-3441 * <br /> Fax:(303)866-4474 �86" <br /> www.cwcb.state.co.us hn <br /> Jo W.Hickenlooper <br /> May 23, 2014 Governor <br /> Mike King <br /> DNR Executive Director <br /> James Eklund <br /> Mr. Randy Ray, Executive Director CWCB Director <br /> Central Colorado Water Conservation District <br /> 3209 West 28th Street <br /> Greeley, CO 80634 <br /> Re: Chatfield Reallocation Project C150407 <br /> Mr. Ray: <br /> I am pleased to inform you that on May 22,2014,the Colorado Water Conservation Board <br /> approved your loan request for the Chatfield Reservoir Reallocation Project as described in the <br /> application and approved Loan Feasibility Study titled"Central Colorado Water Conservation <br /> District Participation in the Chatfield Reallocation Project", dated March, 2014. The Board <br /> approved a loan not to exceed$28,451,700 ($28,170,000 for project costs and $281,700 for the <br /> 1% Loan Service Fee). The loan terms shall be 1.75%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. Jonathan Hernandez,P.E.,will be the Project Manager for this <br /> phase of the process and will work with you on the disbursements of your loan funds. You <br /> can contact him at(303) 866-3441 x3234. <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 />