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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. Mark Harris, General Manager <br /> Grand Valley Water Users Association <br /> 1147 24 Road <br /> Grand Junction, CO 81505-9639 <br /> Re: Government Highline Canal Lining Project <br /> Mr. Harris: <br /> I am pleased to inform you that on September 21, 2016, the Colorado Water Conservation Board approved <br /> your loan/grant request for the Government Highline Canal Lining as described in the application and <br /> approved Loan Feasibility Study titled "Grand Valley Project - Government Highline Canal Top 500 Feet <br /> Lining Project- Canyon Canal Improvement Project"dated July 2016. The Board approved a loan not to <br /> exceed $151,500 ($150,000 for Project costs and $1,500 for the 1% service fee). The loan terms shall <br /> be 1.55% per annum for 30 years. The Board also approved a grant to $285,000 from the Statewide <br /> Account and $15,000 from the Colorado Basin Account to the Grand Valley Water Users Association for <br /> costs related to the Government Highline Canal Lining Project. <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. 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 /> Sinter y, <br /> Kirk Russell, P.E., Chief <br /> Finance Section <br /> Attachment: Updated Board Memo <br /> E-mail Copy (Including Attachments): Russ George, CWCB Board Member - Colorado River Basin <br /> P 303.866.3441 F 303.866.4474 www.cwcb.state.co.us o', <br /> John W. Hickenlooper, Governor I Robert Randall, DNR Executive Director I James Eklund, CWCB Director * 7*r <br /> ;./876 x';; <br />