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<br />Colorado Water Conservation Board
<br />Department of Natural Resources
<br />721 Centennial Building
<br />1 31 3 Sherman Street
<br />Denver, Colorado 80203
<br />Phone: (3031 866-3441
<br />FAX: (303) 866-4474
<br />
<br />STATE OF COLORI\DO
<br />~
<br />'WI
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<br />MEMORANDUM
<br />
<br />Roy Romer
<br />Governor
<br />
<br />TO:
<br />
<br />James S. Lochhead
<br />Executive Direaor, DNR
<br />Daries C. lile, PE.
<br />Director, ewes
<br />Peter H. Ev,ms
<br />Acting Director, CVVCB
<br />
<br />FROM:
<br />
<br />Colorado Water Conservation Board Members
<br />
<br />
<br />Jan lilian, Contract Administrato . UL
<br />
<br />July 6, 1998
<br />
<br />Agenda Item 20(d), May 11-12, 1998, Board Meeting
<br />Water Project Construction Loan Program
<br />Contract Processing Status Report
<br />
<br />DATE:
<br />
<br />SUBJECT:
<br />
<br />INTRODUCTION, A Contract Status Report is attached showing the list of contracts completed
<br />during the past fiscal year, July 1, 1997 through June 30, 1998, the status of contracts in
<br />process, and the projects awaiting contracts as of July 1, 1998.
<br />
<br />CONTRACTS COMPLETED, A total of 34 contracts have been completed this fiscal year with a
<br />total value of $6,8 million, Since the May board meeting, 1 contract and 5 amendments
<br />shown below, were completed,
<br />
<br />1, Bravo Ditch Co, - Amend final loan amount $ 0
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<br />2, Consolidated Extension Canal Co, - Amend final loan amount 0
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<br />3, Excelsior Irrigating Company - Rehab ditch 230,000
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<br />4. Hudson - Amend final loan amount 0
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<br />5. Overland Ditch & Res, Co, - Amend for 2 payment deferment 0
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<br />6, Trinchera Irrigation Co, - Amend final loan amount 0
<br />
<br />CONTRACTS IN PROCESS. The status of 14 contracts-in-process for $10,2 million is listed
<br />below and on the attached report:
<br />
<br />1, Boulder Left Hand Ditch Company, a loan from the small project loan account in the
<br />amount of $50,000 as approved by the Board at its March 10, 1998 meeting, The
<br />Attorney General's Office started drafting the contract on April 16, 1998.
<br />
<br />2, Buffalo Mutual Irrigation Company, an amendment to increase the loan amount to
<br />$382,250 in accordance with the Board action at the November 1997 meeting, The
<br />contract was forwarded to the Controller for final review and approval on June 22,
<br />1998,
<br />
<br />3, Eagle Park Reservoir Company, a loan for $7,492,520 to purchase the Eagle Park
<br />Reservoir. The contract was provided to the borrower for review on June 15, 1998,
<br />
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