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DNR COLORADO <br /> AA <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. Dan Grant, Secretary/ Tresurer <br /> Supply Irrigating Ditch Company <br /> 157 Baylor Way <br /> Longmont, CO 80503 <br /> Re: Emergency Supply Ditch Rehabilitation Project <br /> Mr. Grant: <br /> I am pleased to inform you that on November 20, 2014, the Colorado Water Conservation Board approved <br /> your loan request for the Emergency Supply Ditch Rehabilitation Project Project as described in the <br /> application and approved Loan Feasibility Study titled "Emergency Loan Application and Feasibility <br /> Study," dated September 17, 2014. The Board approved a loan not to exceed $324,210 ($321,000 for <br /> project costs and $3,210 for the 1% Loan Service Fee). The loan terms shall be 3 years of no intrest <br /> followed by 27 years at 2.25% per annum. <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 /> v_____ ., z(e_______k-- <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 /> �oe �O�o\ <br /> P 303.866.3441 F 303.866.4474 www.cwcb.state.co.us !��r <br /> o\ <br /> John W. Hickenlooper, Governor I Mike King, DNR Director I James Eklund, CWCB Director I * L- */' <br /> \.1176,/ <br />