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• <br /> 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. Nick Hughes, President <br /> West Reservoir and Ditch Company <br /> 708 1250 Road <br /> Delta, CO 81416 <br /> Re: Repair of West Reservoir No. 1 Outlet Works <br /> Mr. Hughes: <br /> I am pleased to inform you that on November 20, 2014, the Colorado Water Conservation Board approved <br /> your loan request for the Repair of West Reservoir No. 1 Outlet Works as described in the application <br /> and approved Loan Feasibility Study titled "West Reservoir and Ditch Outlet Repair Project" dated <br /> September 2014. The Board approved a loan not to exceed $248,378 ($245,919 for project costs and <br /> $2,459 for the 1% Loan Service Fee). The loan terms shall be 2.00% per 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 /> Derek Johnson, P.E., will be the Project Manager for this phase of the process and will work with you on <br /> the disbursements of your loan funds. You can contact him at (303) 866-3441 x3254. <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 /> Kirk Russell, P.E., Chief <br /> Finance Section <br /> Attachment: Updated Board Memo <br /> E-mail Copy (Including Attachments): John H. McClow, CWCB Board Member - Gunnison River Basin <br /> 7g 65-40 <br /> P 303.866.3441 F 303.866.4474 www.cwcb.state.co.us //6.,7 i- o, <br /> John W. Hickenlooper, Governor I Mike King, DNR Director I James Eklund, CWCB Director * � �° *) <br /> \!/87* <br />