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* DNR COLORADO <br /> CO 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. Dennis J. Harmon, General Manager <br /> The Tunnel Water Company <br /> P.O. Box 2017 <br /> Fort Collins, CO 80522 <br /> Re: Laramie-Poudre Tunnel Rehabilitation Project <br /> Mr. Harmon: <br /> I am pleased to inform you that on September 17, 2015, the Colorado Water Conservation Board approved <br /> your loan request for the Laramie-Poudre Tunnel Rehabilitation Project as described in the application <br /> and approved Loan Feasibility Study titled "Feasibility Study: Laramie-Poudre Tunnel West Portal <br /> Reconstruction It Rehabilitation of East Portal Energy Attenuation Structure"dated July 2015. The <br /> Board approved a loan not to exceed $1,111,000 ($1,100,000 for project costs and $11,000 for the 1% <br /> Loan Service Fee). The loan terms shall be 2.55% 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, she can <br /> be reached at (303) 866-3441 x3227. <br /> Design/Construction: You must adhere to the CWCB Design and Construction Administration Procedures <br /> including an invitation to the Prebid, Preconstruciton and Bid Opening meetings. Jonathan Hernandez, <br /> P.E., will be the Project Manager and will work with you on the disbursements of your loan funds. He can <br /> be reached 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 /> Sincerel , <br /> 6 <br /> ,,,>_,..s. <br /> Kirk Russell, P.E., Chie <br /> Finance Section <br /> Attachment: Updated Board Memo <br /> E-mail Copy (Including Attachments): Diane Hoppe, CWCB Board Member - South Platte River Basin <br /> Ty Wattenberg, CWCB Board Member, North Platte River Basin <br /> (& CO 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 /> \' *,. <br /> `\1876 V <br />