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<br />- ,,-' <br /> <br />~r <br /> <br />. <br /> <br />. <br /> <br />. <br />STATE OF COLORADO <br /> <br />721 Slate Cenlennlal Building <br />1313 Sherman Street <br />Denver. CokJrado 80203 <br />Phone ~303) 666-3441 <br />FAX (303) 866-4474 <br /> <br />MEMORANDUM <br /> <br />o <br /> <br />COLORADO WATER CONSERVATION BOARD <br />Department of Natural Resources <br /> <br />(UPDATED 11/12/93) <br /> <br />Roy Romer <br />Governor <br /> <br />TO: <br /> <br />Members, CWCB <br /> <br />Danes e. Lite. P_E <br />Diredor, ewes <br /> <br />FROM: John Van Sciver <br /> <br />DATE: November 4, 1993 <br /> <br />SUBJECT: Agenda Item 8b, November 9-10,1993, Board Meeting-- <br />Beaver Park Water Company <br />Approval of an Emergency loan from the Construction Fund in amount of <br />$500,000 to Rehabilitate the Upstream Slope of the Brush Hollow Dam. <br /> <br />BACKGROUND <br /> <br />The Beaver Park Water Company, located in Penrose Colorado, has submitted an <br />application for an emergency loan to design and make major repaiIs to the Brush Hollow <br />Dam, a class one structure. The dam experienced a rapid draw-down slide of massive <br />proportions in late summer 1993. <br />Following discovery of the slide, the Company interviewed several engineering firms, <br />and has since hired Terry Arnold of Woodward-Clyde Consultants. Survey instrumentation <br />has been installed on the dam to detect and evaluate further movement, and the Company <br />has submitted a loan application requesting $500,000 (3.5% for 40 years) in the form of <br />an emergency loan which is 100% of the total estimated project cost. <br />CWCB Staff has visited the dam twice, and attended a meeting of the Beaver Park <br />Water Company's Board, Conditions observed at the dam confirm the existence of a massive <br />upstream slope slide. <br />The Company currently has five loans outstanding with the CWCB as follows: <br /> <br />1. Loan 153320 in original amount of $1.5 million (3% for 40 years), with annual <br />payments of $64,890, <br />2, Loan 153333 in original amount of $350,000 (3% for 40 years), with annual <br />payments of $15,141. <br />3. Loan 153355 in original amount of $276,000 (3% for 40 years), with annual <br />payments of $12,112. <br />4. Loan 153348 in original amount of $125,000 (5% for 40 years), with annual <br />payments of $7,285. <br />5. Loan 153501 in original amount of $125,000 (5% for 40 years), with annual <br />payments of $7,285, <br />