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DNR COLORADO <br /> CO <br /> 44, Colorado Water <br /> ' Conservation Board <br /> Department of Natural Resources <br /> 1313 Sherman Street, Room 718 <br /> Denver, CO 80203 <br /> September 23, 2015 <br /> Mr. Scott Hummer, Manager <br /> North Poudre Irrigation Company <br /> P.O. Box 100 <br /> Wellington, CO 80549 <br /> Re: Emergency Fossil Creek Reservoir Inlet Diversion Structure Repair <br /> Mr. Hummer: <br /> I am pleased to inform you that on September 17, 2015, the Colorado Water Conservation Board <br /> approved a loan increase for the Emergency Fossil Creek Reservoir Inlet Diversion Structure Repair <br /> of $394,910 ($391,000 for project costs and $3,910 for the 1% Loan Service Fee) for a total loan not to <br /> exceed $876,680 ($868,000 for project costs and $8,680 for the 1% Loan Service Fee). The loan terms <br /> shall be modified to 5 years of no interest follwed by 27-years at 2.35% per annum. <br /> - As you are aware, an amended contract must be in place before the additional funds can be disbursed. <br /> Peg Mason will initiate the loan amendment process. Peg can be reached 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 Water <br /> Conservation Board. <br /> Sincerely, <br /> v9c-- _______(: --, <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 /> � c <br /> o��w <br /> � <br /> P 303.866.3441 F 303.866.4474 www.cwcb.state.co.us � -4 <br /> ice - l <br /> John W. Hickenlooper, Governor I Mike King, DNR Director I James Eklund, CWCB Director *� 9' <br /> �* t , <br />