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C150016 Parity Lein
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C150016 Parity Lein
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Last modified
3/1/2019 12:23:40 PM
Creation date
3/1/2019 12:23:37 PM
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Loan Projects
Contract/PO #
C150016
Contractor Name
Idaho Springs, City of
Contract Type
Loan
Loan Projects - Doc Type
Contract Documents
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Cc: Andrew Marsh, City Administrator; Sandy Bronson; Drew Lehr; Martina Hinojosa <br /> Subject: Re: City of Idaho Springs <br /> Thank you for the update. <br /> Thank you, <br /> Peg Mason, Contracts Manager <br /> Colorado Water Conservation Board <br /> 1313 Sherman St., Room 718, Denver, CO 80203 <br /> 303-866-3441 ext.3227 <br /> peg.mason@state.co.us <br /> On Fri, Feb 1 , 2019 at 8:23 AM Kim Crawford <Kim.Crawford@butlersnow.cor > wrote: <br /> Good morning Peg, <br /> The City of Idaho Springs is in the process of obtaining a loan from the CWRPDA that <br /> will be on a parity with the CWCB loan No. C150016 dated December 18, 2000, for <br /> $955,000, which was supplemented by an amendment in 2002 to add $210,000 to the <br /> loan for a total of $1 ,165,000. This new loan will also be on parity with a 2002 CWRPDA <br /> loan. <br /> Under your loan contract, you will need an additional bonds certificate showing that the <br /> City meets the 110% coverage test. Drew Lehr, copied here, is the accountant who is <br /> doing the certification. <br /> I just wanted to give you a "heads up" that we will be requesting the CWCB consent <br /> once we get the additional bonds test certification. <br />
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