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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 /> March 18, 2016 <br /> Rick Brinkman, Water System Manager <br /> City of Grand Junction <br /> 333 West Ave, Building E <br /> Grand Junction, CO 81501 <br /> Re: Hallenback Reservoir No. 1 Dam Rehabilitation <br /> Mr. Brinkman: <br /> I am pleased to inform you that on March 16, 2016, the Colorado Water Conservation Board approved your <br /> loan/grant request for the Hallenback Reservoir No. 1 Dam Rehabilitation as described in the <br /> application and approved Loan Feasibility Study titled "Loan Feasibility Study for Hallenbeck Reservoir <br /> No. 1 Dam Failure Mitigation Project," dated January 2016. The Board approved a loan not to exceed <br /> $1,010,000 ($1,000,000 for Project costs and $10,000 for the 1% service fee). The loan terms shall be <br /> 2.65% per annum for 20 years. The Board also approved a grant of up to $75,000 from the Statewide <br /> Account and $25,000 from the Gunnison Basin Account. <br /> I have attached a copy of the updated Board memo dated March 18, 2016 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, Preconstruction and Bid Opening meetings. Anna Mauss, P.E., will be <br /> the Project Manager for this phase of the process and will work with you on the disbursements of your loan <br /> funds. She can be reached at (303) 866-3441 x3224. <br /> On behalf of the Board, I would like to thank you for your interest in a loan from the CWCB. <br /> Sincerely <br /> V.2 4-\--Z.(2 <br /> Kirk Russell, P.E., Chie <br /> Finance Section <br /> Attachment: Updated Board Memo <br /> E-mail Copy (Including Attachments): John McClow, CWCB Board Member - Gunnison River Basin <br /> /OF _to <br /> P 303.866.3441 F 303.866.4474 www.cwcb.state.co.us r5' <br /> John W. Hickentooper, Governor I Robert Randall, Interim DNR Director I James Eklund, CWCB Director '*\ */ <br />