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AVCOLORADO <br /> Colorado Water <br /> Conservation Board <br /> Department of Natural Resources <br /> 1313 Sherman Street, Room 718 <br /> Denver, CO 80203 <br /> March 23, 2017 <br /> Paul Larino, Town Administrator <br /> Town of Wiggins <br /> 304 Central Ave. <br /> Wiggins, CO 80654 <br /> Re: Wiggins Recharge Facility at Glassey Farms <br /> Mr. Larino: <br /> I am pleased to inform you that on March 23, 2017, the Colorado Water Conservation Board approved your <br /> loan request for the Wiggins Recharge Facility at Glassey Farms as described in the application and <br /> approved Loan Feasibility Study titled "Feasibility of the Wiggins Recharge Facility at the Glassey <br /> Farm"dated February 1, 2017. The Board approved a loan not to exceed $2,408,850.00 ($2,385,000.00 <br /> for project costs and $23,850.00 for the 1% Loan Service Fee). The loan terms shall be 2.40% per <br /> annum for 30 years. <br /> I have attached a copy of the updated Board memo dated March 23, 2017 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. 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 /> & alk <br /> Kirk Russell, P.E., Chief <br /> Finance Section <br /> Attachment: Updated Board Memo <br /> P 303.866.3441 F 303.866.4474 www.cwcb.state.co.us <br /> John W. Hickenlooper, Governor I Robert Randall, DNR Executive Director I James Eklund, CWCB Director <br />