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STATE OF COLORADO <br /> Colorado Water Conservation Board <br /> Department of Natural Resources °e COIO <br /> 1313 Sherman Street,Room 721 <br /> Denver,Colorado 80203 z <br /> Phone:(303)866-3441 <br /> Fax:(303)866-4474 <br /> www.cwcb.state.co.us ' t L±>" <br /> John W. <br /> May 23, 2014 Governor Hickenlooper r <br /> Mike King <br /> DNR Executive Director <br /> Mr. Paul V. Dannels, District Manager <br /> James Eklund <br /> Castle Pines Metropolitan District CWCB Director <br /> 5880 Country Club Drive <br /> Castle Rock, CO 80108 <br /> Re: Chatfield Reallocation Project C150403 <br /> Mr. Dannels: <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"CPMD Participation in the Chatfield <br /> Reservoir Reallocation Project", dated April, 2014. The Board approved a loan not to exceed <br /> $5,050,000 ($5,000,000 for project costs and $50,000 for the 1%Loan Service Fee). The loan <br /> 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. 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 />