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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 /> November 21, 2014 <br /> Mr. Ron Gasser, Manager <br /> Penrose Water District <br /> 340 Grant Street <br /> Penrose, CO 81240 <br /> Re: Raw Water Acquisition and Utilization Project <br /> Mr. Gasser: <br /> I am pleased to inform you that on November 20, 2014, the Colorado Water Conservation Board <br /> approved a loan increase for the Raw Water Acquisition and Utilization Project of $919,100 <br /> ($910,000 for project costs and $9,100 for the 1% Loan Service Fee) for a total loan not to <br /> exceed $9,763,670 ($9,667,000 for project costs and $96,670 for the 1% Loan Service Fee). The <br /> loan terms shall remain 30 years at 3.25% per annum. <br /> As you are aware, an amended contract must be in place before the additional funds can be <br /> disbursed. Peg Mason will initiate the loan amendment process. You can contact Peg at (303) 866- <br /> 3441 x3227 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 /> Attachment: Updated Board Memo <br /> E-mail Copy (Including Attachments): Alan Hamel, CWCB Board Member - Arkansas River Basin <br /> P 303.866.3441 F 303.866.4474 www.cwcb.state.co.us <br /> John W. Hickenlooper, Governor I Mike King, DNR Director I James Eklund, CWCB Director <br /> 1876,/ <br />