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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 /> November 20, 2015 <br /> Ms. Rosanna Harris, Secretary <br /> Lake Canal Reservoir Company <br /> 730 Ash Mesa Road <br /> Delta, CO 81416 <br /> Re: North Gray Reservoir Rehabilitation CT2015-042 <br /> Ms. Harris: <br /> I am pleased to inform you that on November 18, 2015, the Colorado Water Conservation Board <br /> approved a loan increase for the North Gray Reservoir Rehabilitation Project of $87,673 <br /> ($86,805 for project costs and $868 for the 1% Loan Service Fee) for a total loan not to exceed <br /> $204,298 ($202,275 for project costs and $2,023 for the 1% Loan Service Fee). The loan terms <br /> shall remain 30 years at 2.10% per annum. <br /> I have attached a copy of the updated Board memo dated November 20, 2015, that includes the Board's <br /> approval. <br /> As you are aware, an amended contract must be in place before the additional funds can be <br /> disbursed. Peg Mason, Loan Contracts Manager, will initiate the loan amendment process. You can <br /> contact Peg at (303) 866-3441 x3227 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 <br /> Water Conservation Board. <br /> Sincerely, <br /> \&,-a.S2Q. <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 <br /> Basin <br /> QcCQ <br /> P 303.866.3441 F 303.866.4474 www.cwcb.state.co.us �r o <br /> John W. Hickenlooper, Governor I Mike King, DNR Director I James Eklund, CWCB Director * %*% <br />