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DNR COLORADO <br /> CO Colorado Water <br /> Conservation Board <br /> Department of Natural Resources <br /> 1313 Sherman Street, Room 721 <br /> Denver, CO 80203 <br /> July 31, 2014 <br /> Ms. Minerva Lee, President <br /> Consolidated Home Supply Ditch and Reservoir Company <br /> P.O. Box 1548 <br /> Berthoud, CO 80573 <br /> Re: Emergency George Rist Ditch Repair Project C150380 <br /> Ms. Lee: <br /> I am pleased to inform you that on July 17, 2014, the Colorado Water Conservation Board <br /> approved a loan increase for the Emergency George Rist Ditch Repair Project of $70,700 <br /> ($70,000 for project costs and $700 for the 1% Loan Service Fee) for a total loan not to exceed <br /> $519,140 ($514,000 for project costs and $5,140 for the 1% Loan Service Fee). The loan terms <br /> shall remain 3 years of no interest followed by 27 years at 1.95% per annum. <br /> I have attached a copy of the updated Board memo dated July 18, 2014, that includes the Board's <br /> approval. <br /> As you are aware, an amended contract must be in place before funds can be disbursed. Peg <br /> Mason will initiate the loan amendment process. You can contact Peg at (303) 866-3441 x3227 <br /> regarding the status of the amendment. <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 /> Diane Hoppe, CWCB Board Member - South Platte River Basin <br /> CWCB Finance Section Staff <br /> P 303.866.3441 F 303.866.4474 www.cwcb.state.co.us //g�' \o <br /> John W. Hickenlooper, Governor I Mike King, DNR Director I James Eklund, CWCB Director '�* ( ,1*1 <br /> x 1876 i <br />