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. STATE OF COLORADO <br /> Colorado Water Conservation Board <br /> Department of Natural Resources <br /> 614': <br /> 721 Centennial Building -��;�; <br /> 1313 Sherman Street ^`1/ <br /> Denver,Colorado 80203 <br /> Phone: (303)866-3441 <br /> FAX: (303)866-4474 Roy Romer <br /> Governor <br /> James S.Lochhead <br /> Executive Director,DNR <br /> February 26, 1997 Daries C.Lile,P.E. <br /> Director,CWCB <br /> Mr. William Grasmick, President <br /> Lower Arkansas Water Management Association <br /> P.O. Box 1161 <br /> Lamar, CO 81052 <br /> Re: Feasibility Study Loan <br /> Dear Mr. Grasmick: <br /> I am pleased to inform you that at the January 29, 1997 meeting of the Colorado Water <br /> Conservation Board, the Board approved a Construction Fund loan of$65,000 to the <br /> Lower Arkansas Water Management Association for the purpose of conducting a <br /> feasibility study of obtaining additional sources of water for LAWMA's program of • <br /> augmenting its members' well depletions on the Arkansas River. The lending rate for the <br /> loan is 3.25 percent and the term of the loan is ten years. <br /> Please coordinate with Bill Green on the conduct of the feasibility study and with Jan <br /> Illian on the loan contract. Jan will draft a contract and assist you in the contract approval <br /> process. <br /> On behalf of the Board and the staff, I would like to thank you for applying for a loan <br /> from the Colorado Water Conservation Board Construction Fund. <br /> Sincerely, <br /> William P Stanton, P. E. <br /> Chief, Project Planning and Construction Section <br /> cc: Alan Hamel, Board Member <br /> Chuck Lile <br /> Bill Green <br /> Jan Illian <br /> Don Higbee, LAWMA <br /> Duane Helton, Helton & Williamsen <br />