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<br />. <br /> <br />. <br />STATE OF COLORADO <br /> <br />~1I~ <br /> <br />COLOHADO WATER CONSERVATION BOARD <br />Department 6r Natural Resources <br /> <br />o <br /> <br />721 Stale Centennial Buildmg <br />1313 Sherman Streel <br />Denver. Colorado 60203 <br />Phone ~30J) 666-344 1 <br />FAX (303) 866-4474 <br /> <br />November 29, 1993 <br /> <br />Roy Romer <br />Governor <br /> <br />Mr. Troy Templeton, Manager <br />Beaver Park Water, Inc. <br />P.O. Box 286 <br />Penrose, CO 81240 <br /> <br />Daries C. Lile. P.E. <br />OireClor. ewes <br /> <br />RE: Brush Hollow Dam and Reservoir <br />Initial Loan Approval <br /> <br />Dear Mr. Templeton, <br /> <br />Concerning your application for a loan from the Construction Fund, I am pleased to <br />inform you that the CWCB Board has granted initial approval of your request in amount <br />of $75,000 for a Feasibility Study, and $750,000 for the actual construction project. The <br />CWCB Board also approved a loan term of 30 years at an interest rate of 3.5%. It is our <br />understanding that these funds will be used to rehabilitate the Brush Hollow Dam. I have <br />attached a copy, of my updated CWCB Board memo concerning Beaver Park Water <br />Company, Please Iefer to page 3 of that memo and to the section "Action Taken by the <br />CWCB Board". <br /> <br />The Construction portion of the your loan ($750,000) will be considered by the State <br />General Assembly as part of the 1994 Construction Fund Bill, with passage expected in June <br />1994. Funds will be available about 60 days after that date. The funds for the Feasibility <br />Study ($75,000) will be available once a formal contract between the Beaver Park Water Co.' <br />and the State has been finalized. <br /> <br />As part of the approval, the CWCB also required that the loan be contingent upon <br />evaluation of the company's financial condition and ability to pay. For this purpose I have <br />also attached a copy our "Agricultural Project Description" questionnaire for you to <br />complete and return to me by January 15, 1994. <br /> <br />On behalf of the CWCB Board, I would like to thank you for applying for a <br />Construction Fund Loan with from the Colorado Water Conservation Board. <br /> <br />Si cerely, \ <br /> <br />[h----- <br /> <br />" ./ ohn an Sciver, P.E. <br />'-- Colorado Water Conservation Board <br /> <br /> <br />Attachments <br /> <br />cc:Mr. Tommy Thomson, Member CWCB Board <br />State Senator Linda Powers <br />State Representative Rob Shoemaker <br /> <br />C:\WP51\8b119.1tr <br />