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STATE OF COLORADO <br /> Colorado Water Conservation Board <br /> Department of Natural Resources <br /> 721 Centennial Building <br /> 1313 Sherman Street <br /> Denver,Colorado 80203 <br /> Phone:(303)866-3441 <br /> FAX: (303)866-4474 Roy Romer <br /> Governor <br /> February 26, 1997 James S.Lochhead <br /> Executive Director,DNR <br /> Daries C.Lite,P.E. <br /> Mr. David Bernhardt, President Director,CWCB <br /> The Greeley and Loveland Irrigation Co. <br /> 808 Twenty-Third Ave. <br /> Greeley, CO 80631 <br /> Re: Feasibility Study Loan and Grant <br /> Dear Mr. Bernhardt: <br /> I am pleased to inform you that at the January 29, 1997 meeting of the Colorado Water <br /> Conservation Board, the Board recommended a Construction Fund loan of$23,400 and approved <br /> a Small Dam Site Reconnaissance Program grant of$10,000 for a total of$33,400,not to exceed <br /> 50 percent of actual costs,to the Greeley and Loveland Irrigation Company for the purpose of <br /> conducting a system evaluation and feasibility study of the Company's water storage and <br /> distribution system. The$23,400 loan will have a term of ten years and a lending rate of 3.25 <br /> percent. <br /> Please continue to coordinate with Bill Green on the conduct of the feasibility study and the <br /> Small Dam Site grant. <br /> The Board's action on the $23,400 loan will be included in the 1997 Construction Fund <br /> legislation and is subject to authorization by the General Assembly. If authorized by the General <br /> Assembly,we should be able to begin drafting a loan contract with the Greeley and Loveland <br /> Irrigation Co. in mid-1997. Please coordinate with Jan Illian of this office on your loan contract. <br /> Jan will draft the loan contract and will work with you in the contract approval process which <br /> may take up to three months. <br /> On behalf of the Board and the staff, I would like to thank you for applying for a loan from the <br /> Colorado Water Conservation Board Construction Fund. <br /> Sincerely, <br /> i <br /> William P Stanton, P. E. <br /> Chief,Project Planning and Construction Section <br /> cc: David Harrison, Board Member <br /> Chuck Lile, CWCB <br /> Bill Green, CWCB <br /> Ed Toms, ECI <br />