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<br />':---fis-11le~-COllstructi6n:FUIii{?::-b, Mike Serl"P.'. <br /> <br />The Colorado Water Conservation Board (CWeB) completing the application form and re...ic......ing the feasibility <br />Construction fund was created by the ColoIddo General study sco~ of work and final repon. <br />Assembly in 1971 (0 provide low interest loans to 3gricultur3l We look forv.'ard 10 working wirh you in 2001. Visit <br />and municipal borrowers in the dcvdopmcnl of water our wcbsill: ;If cwcb.su.lc.co.us for more specific information <br />resource projects. on the conmuaion fund and 200] projects. This yeal's <br />The C""(8 Construction Fund is a sdf-supponing UJnmuclion Fund highlights were: <br />!"evolving loan fund. Sources of revenue arc from the retum of <br />principal and imeresl on oUlstanding loans, illleresl eamnl on . <br />rhe cash balance of the fund through investmellls by the Stale. <br />Treasurer and mmerallease fund dimibutiom. <br />The eWeB's finan..:ial panicipation in any single <br />proiect is generall)'limited to a maximum of75-JXrcem of the . <br />toul enginn=ring and con.~truuion COSf of the projeu, <br />however, 90 pem:nt 10.105 can be made to agricuhural and <br />municipal low income borrowers, <br />Thc g.:ncral types of projects that are eligible for <br />funding .are those lhal incrcasc the beneficial consumptive use <br />of Colorado's unJrvelopcJ compal.:t walt"r, projens for the <br />repair or rehabilitation (If existing warer storage and delivery <br />~ystems, and flood comrol projecu. T realed water systCtlli arc <br />not digiblc for loans. <br />Applications for Construction Fund loans are due by <br />August .3 J of each ~'e.u. It i_s required Ihal a fc-.l.sihilit~, study in <br />c.:ompliancc with Ihr (\'cef!. Conmucrion Fund GUIdelines <br />he submiued with tht' ;IPpliarion. The terms aod wndlllOns <br />for each 10.1n are e.mhlished by the BOArd at the Novemb<-r <br />BO;lrd meeting. The sulf of rhe \X';lIer Sup pi\" rlallnin~ and <br />Finanle Sc..:til.n arc .1\'ailJhle 10 ;Is~isr applicants in <br /> <br /> <br />359 <br /> <br />Authorized more than $19 million for nett' loam <br />Prou'ded $2milh'on for decision support <br />systems to enbance stateu,.ide water s upply <br />planning and u'tlter rights administration <br />Protided almost $3 million for multi-purpose <br />water supply studies. wate1Jbed and flood <br /> <br /> <br />'t. ~'rhe eweR C.ooslruction Fund is:l. revolving loan fund <br />~ J carm.arkcd for r:lW W2tcr projects. <br /> <br />- : This ~'C2.f rhe l'\\ 'CB has appwxLm:Jtclr $30 million I <br />available for nC\l. lmns. Interest rates range from 3.5% to 6%.! <br />Typical borrowers are ~culrunl ditch companies and smaU I <br />towns. Loans are also made {u homco\\:ners assoCL1nons. <br />lmprion distnch, llnd ..I:llkr u.~cr aSSOCIatlons. Eligible proiecls <br />U.'iuaU~' lOmlw construction or rchabliitao(,n of Juns, dirch.:s, or <br />r:m water plpchm:s. TIle mmtmum ]oan stle 1$ llhtlul S50.fllXl. <br />r-.;"ow i~ the umC' 10 "ppl~, The application dudline I~ Au~st <br />31. 2001 ior larger loan,_ .\ppLcations for Emcr~cncy Loans and <br />~m..lI PWlCct !.(I;Jn,; up to S]1I0,lIOO can be cOlmderN al Jnr lime. <br /> <br />CWCB Actively Seeking Loan <br />Applicants <br /> <br /> <br />ryJohn Van$(;ivc-rP,E. <br /> <br />r""...~... <br />.. ~s-!!iL <br />.~~ <br /> <br />... '00_" <br />'~;'.., ..".",. .\..~ \~. '. <br />_'._n ~~::'.r~ r .--;., <br />'-'T~ ,',< -: .. ..... ....,~.. <br />.,," u-_4.J!!'''lI. -'-. <br />Wood uke D~ Rdubili[a[ion proj<<1 near Seven.ncr, Colorado <br /> <br />'.e!: 'IolIl <br /> <br />= <br /> <br />a <br /> <br /> <br />.. <br /> <br />Need more information? (nnun John \'2n :'C1\'Cr {.\O_;-KM. <br />35.U x ?O(l. emJil: iohn,..-ansCT\"ct(asfalc.'.co,ll<.1 to rCCCln' an <br />r1cctcomc COr\' oi the applicaunn by ('mail. aJ(ln~ with dcuikJ <br />mfllrmannn, <br />