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PENROSE W A TER DISTRICT <br /> 340 Grant Street Penrose,CO 81240 <br /> Phone(719)372-3289 Fax(719)372-9347 <br /> August 31, 2006 <br /> Mr. Bruce Johnson,P.E. <br /> Water Supply Planning and Finance Section <br /> 1580 Logan St., Suite 750 <br /> Denver, CO 80203 <br /> RE: Transmittal of the Construction Fund Loan Application and Loan Feasibility <br /> Study for Penrose Water District <br /> Dear Mr. Johnson: <br /> Penrose Water District is pleased to submit to the Colorado Water Conservation Board <br /> the attached Construction Fund Loan Application and Loan Feasibility Study. With this <br /> submittal, it is the goal of Penrose Water District to secure a loan from the Colorado <br /> Water Conservation Board (CWCB) in the amount of$8,757,000 to finance the purchase <br /> of 10/12' of the Pleasant Valley Ditch water rights and to construct a system to divert <br /> and convey the historical consumptive use component of the Pleasant Valley Ditch water <br /> right to the District for utilization within its system. <br /> The attached Loan Feasibility Study has been prepared by the District's engineers; <br /> Leonard Rice Engineers, Inc. and GMS, Inc. It is the opinion of the board of directors of <br /> the Penrose Water District that the information provided in the report is true and accurate. <br /> We look forward to the opportunity to discuss our loan request in more detail, as you <br /> deem necessary. <br /> Very truly yours, • <br /> Signature of Applicant , Ptt/1U-CS c <br /> Printed Name L 1 S s Ovt h e k t Q • . <br /> Title`I'vestAer ,P#wcSE'. <br /> Date Qno ! 0100 <br /> Signature of Applican ,s. , <br /> Printed Name 24,,h /T �',�.i -,(1 [,t <br /> Title 0.9' a f,' <br /> Date a J/ e:2‘ <br />