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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 /> February 1, 2016 <br /> Paul Kehmeier, Vice President <br /> Orchard Ranch Ditch Company <br /> 20490 North Road <br /> Eckert, CO 81418 <br /> Re: Orchard Ranch Ditch Piping <br /> Mr. Kehmeier: <br /> I am pleased to inform you that on January 26, 2016, the Colorado Water Conservation Board approved <br /> your loan request for the Orchard Ranch Ditch Piping as described in the application and approved Loan <br /> Feasibility Study titled "Feasibility of Piping the Orchard Ranch Ditch", dated November, 2015. The <br /> Board approved a loan not to exceed $151,500 ($150,000 for project costs and $1,500 for the 1% Loan <br /> Service Fee). The loan terms shall be 1.95% per annum for 30 years. Attached is a copy of the updated <br /> Board memo dated January 27, 2016 that includes the Board's 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, Preconstruction 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 /> f-Z___Ck <br /> F-� <br /> Kirk Russell, P.E., Chief <br /> Finance Section <br /> Attachment: Updated Board Memo <br /> E-mail Copy (Including Attachments): John McClow, CWCB Board Member - Gunnison River Basin <br /> <o<<;�. <br /> P 303.866.3441 F 303.866.4474 www.cwcb.state.co.us o <br /> John W. Hickentooper, Governor I Mike King, DNR Director I James Eklund, CWCB Director *' <br /> * /876 * <br />