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411/4 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 /> Scott Hummer, Manager <br /> North Poudre Irrigation Company <br /> P.O. Box 100 <br /> Wellington, CO 80549 <br /> Re: Reservoir No. 04 Rehabilitation (CT2015-003/ C150378) <br /> Mr. Hummer: <br /> I am pleased to inform you that on January 26, 2016, the Colorado Water Conservation Board <br /> approved a loan increase for the Reservoir No. 04 Rehabilitation of $627,210 ($621,000 for <br /> Project cost and $6,210 for the 1% Loan Service Fee), for a total loan not to exceed $2,263,410 <br /> ($2,241,000 for Project cost and $22,410 for the 1% Loan Service Fee). The loan terms shall <br /> remain 30 years at 2.35% per annum. <br /> I have attached a copy of the updated Board memo dated January 27, 2016 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 CWCB. <br /> Sincerely, <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 /> (:w (O�0 <br /> P 303.866.3441 F 303.866.4474 www.cwcb.state.co.us fe 0, <br /> John W. Hickenlooper, Governor I Mike King, DNR Director I James Eklund, CWCB Director :*/ <br />