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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. Christina Shea, District Administrator <br /> Lookout Mountain Water District <br /> 1202 Bergen Parkway#215 <br /> Evergreen, CO 80439 <br /> Re: Upper Beaver Brook Dam Spillway <br /> Ms. Shea: <br /> I am pleased to inform you that on November 18, 2015, the CWCB approved your loan request for the <br /> Upper Beaver Brook Dam Spillway Project as described in the application and approved Loan Feasibility <br /> Study titled "Feasibility Study of Upper Beaver Brook Spillway Improvement Project"dated September <br /> 2015. The Board approved a loan not to exceed $3,099,690 ($3,069,000 for project costs and $30,690 <br /> for the 1% Loan Service Fee). The loan terms shall be 3.25% per annum for 30 years. <br /> I have attached a copy of the updated Board memo dated November 20, 2015, that includes the Board's <br /> approval. <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, Loan Contracts Manager, will contact you to initiate the loan contracting <br /> process. She can 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. Derek Johnson, P.E., will <br /> be the Project Manager for this phase of the process and will work with you on the disbursements of your <br /> loan funds. He can be reached 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 CWCB. <br /> Sincerely, <br /> `C4 <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 /> oC c°lo <br /> 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 /> * 87C.!,,. <br />