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DNR COLORADO <br /> CO <br /> 411.* <br /> 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. Kevin Schmidt, President <br /> Platte Valley Irrigation Company <br /> 3005 W. 29th Street, Suite G1 <br /> Greeley, CO 80631 <br /> Re: Sand Hill Lake Outlet Works Rehabilitation Project <br /> Mr. Schmidt: <br /> I am pleased to inform you that on November 20, 2014, the Colorado Water Conservation Board approved <br /> your loan request for the Sand Hill Lake Outlet Works Rehabilitation Project as described in the <br /> application and approved Loan Feasibility Study titled "Feasibility of Rehabilitation of the Outlet Works <br /> at Sand Hill Lake," dated September 2014. The Board approved a loan not to exceed $745,380 <br /> ($738,000 for project costs and $7,380 for the 1% Loan Service Fee). The loan terms shall be 2.0% per <br /> annum for 30 years. <br /> After the Board approves a loan there are a few steps that remain in the loan process including: <br /> Contracting: An executed loan contract must be in place before funds can be disbursed for eligible <br /> project expenses. Peg Mason will contact you to initiate the loan contracting process. However you can <br /> reach her at (303) 866-3441 x3227. <br /> Design/Construction: You must adhere to the CWCB Design and Construction Administration Procedures. <br /> Jonathan Hernandez, P.E., will be the Project Manager for this phase of the process and will work with you <br /> on the disbursements of your loan funds. You can contact him at (303) 866-3441 x3234. <br /> On behalf of the Board, I would like to thank you for your interest in a loan from the Colorado Water <br /> Conservation Board. <br /> Sincerely, <br /> 1Z—G- <br /> Kirk Russell, P.E., Chief <br /> Finance Section <br /> Attachment: Updated Board Memo <br /> E-mail Copy (Including Attachments): Diane Hoppe, CWCB Board Member - South Platte 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 !* C */ <br /> la1- <br />