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<br />-=-_"11) <br />- "J <br /> <br />Colorado Water Conservation Board <br /> <br />Department of Natural Resources <br />1313 Sherman Street, Room 721 <br />Denver, Colorado 80203 <br />Phone: 13031 866-3441 <br />FAX: (303) 866-4474 <br />WWw.ovcb.state.co.us <br /> <br />STATE OF COLORADO <br /> <br />Q <br /> <br />July 27,2001 <br /> <br />BHloWens <br />Governor <br />Greg E, Walcher <br />Executive Director <br />Rod Kuharich <br />CWCB Directo! <br />Dan McAuliffe <br />Deputy Director <br /> <br />Mr. Carter T. Jackson, President <br />Glenwood Irrigation Co. <br />P.O. Box 27 <br />Glenwood Springs, CO 81602 <br /> <br />RE: Rehabilitation of Diversion and Headgate <br />Small Project Loan Approval <br /> <br />Dear Carter, <br /> <br />I am pleased to inform you that the Colorado Water Conservation Board (CWCB) approved your <br />Small Project Loan request on July 23,2001. The loan is for rehabilitation of the diversion and <br />headgate ofthe Glenwood Ditch. <br /> <br />The Board approved a Small Project Loan from the Construction Fund in a maximum amount of <br />$85,000. The loan terms are 5% for 30 years. I have attached a copy of the updated Board memo <br />concerning the Glenwood Irrigation Company. Please refer to page 4 of that memo and to the <br />section "Action taken by the CWCB July 23, 2001." <br /> <br />When the Board approves a Smafj' Project Loan there remain several conditions: <br /> <br />a) A Feasibility Studv is required. John Van Sciver has reviewed the study titled "Feasibility of <br />Construction of a new Diversion" by Mike Kishimoto, Mike Deluzio, and Dennis Davidson of the <br />GJenwood Natural Resources Conservation Service. The report meets the requirements of the <br />CWCB Construction Fund Guidelines for feasibility studies. <br /> <br />b) An approved contract must be in place before funds can be advanced. Jan IlIian.has placed <br />this project on our contracting "hot list' and has initiated the loan contracting process. I <br />understand the project will be constructed in fall 2001, and that the Company will need funds to <br />pay contractor bills on or about November 15, 2001. Our goal is to have the loan contract <br />signed by all parties to meet these scheduled dates. <br /> <br />c) You must adhere to the CWCB Desiqn and Construction Administration Procedures. Tim <br />Feehan will contacted you regarding the CWCB requirements concerning project bidding, <br />design, and construction. Tim will make construction inspections, which will be the basis of the <br />monthly pay estimates for disbursement of your loan funds. <br /> <br />d) You must adhere to the CWCB Guidelines for Financial Assistance. <br /> <br />Flood Protection. Water Project Planning and Financing. Stream and Lake Protection <br />'^,"'t..~ <:,.,........1" P.....torl;I'ln .. r....,,<""'..,'~t;....n PI~"....;",. <br />