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DNR COLORADO <br /> 43 <br /> CO Colorado Water <br /> Conservation Board <br /> Department of Natural Resources <br /> 1313 Sherman Street, Room 718 <br /> Denver, CO 80203 <br /> May 23, 2016 <br /> Larry Frame, Superintendent <br /> Julesburg Irrigation District <br /> 215 Cedar Street, Suite 150 <br /> Julesburg, CO 80737 <br /> Re: Reconstruction of the Harmony No. 1 Measurment Structure <br /> Mr. Frame: <br /> I am pleased to inform you that on May 18, 2016, the Colorado Water Conservation Board approved your <br /> loan request for the Reconstruction of the Harmony No. 1 Measurment Structure as described in the <br /> application and approved Loan Feasibility Study titled "Feasibility of Reconstruction of the Harmony <br /> No. 1 Measurment Structure"dated March, 2016. The Board approved a loan not to exceed $203,616 <br /> ($201,600 for Project costs and $2,016 for the 1% Loan Service Fee). The loan terms shall be 1.70% per <br /> annum for 30 years. <br /> I have attached a copy of the updated Board memo dated May 20, 2016 that includes the Board's <br /> approval. 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 /> V-01(--2.— <br /> Kirk Russell, P.E., Chie <br /> Finance Section <br /> Attachment: Updated Board Memo <br /> e Fn <br /> P 303.866.3441 F 303.866.4474 www.cwcb.state.co.us iy r- <br /> ' <br /> John W. Hickenlooper, Governor I Robert Randall, Interim DNR Director I James Eklund, CWCB Director ',*# ��( ;,*/*// <br /> \*'87s <br />