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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 /> September 23, 2016 <br /> Mr. Lynn Fagerberg, President <br /> Larimer ft Weld Irrigation Company <br /> 106 Elm Street <br /> Eaton, CO 80615 <br /> Re: Headgate Structure Replacement Project <br /> Mr. Fagerberg: <br /> I am pleased to inform you that on September 21, 2016, the Colorado Water Conservation Board approved <br /> your loan request for the Headgate Structure Replacement as described in the application and approved <br /> Loan Feasibility Study titled "Feasibility Study for Rehabilitation of Larimer a Weld Irrigation Company <br /> Canal Diversion on the Cache la Poudre River," dated July 10, 2016. The Board approved a loan not to <br /> exceed $681,750 ($675,000 for Project costs and $6,750 for the 1% service fee). The loan terms shall <br /> be 1.50% per annum for 30 years. <br /> I have attached a copy of the updated Board memo dated September 22, 2016 that includes the <br /> Board's approval. After the Board approves a loan there are a few steps that remain in the loan process <br /> 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. Jonathan Hernandez, <br /> P.E., will be the Project Manager for this phase of the process and will work with you on the disbursements <br /> of your loan funds. He can be reached at (303) 866-3441 x3234. <br /> On behalf of the Board, I would like to thank you for your interest in a loan from the CWCB. <br /> Sincerely, <br /> d2f2( <br /> Kirk Russell, P.E., Chief <br /> Finance Section <br /> Attachment: Updated Board Memo <br /> E-mail Copy (Including Attachments): Jim Yahn, CWCB Board Member - South Platte River Basin <br /> P 303.866.3441 F 303.866.4474 www.cwcb.state.co.us s �' <br /> John W. Hickenlooper, Governor I Robert Randall, DNR Executive Director I James Eklund, CWCB Director * <br /> y y. <br /> �8�h <br />