Laserfiche WebLink
<br />Project Summary - Victor and Margie Quint - Contract No. C150147 <br /> <br />SECTION 1 -BORROWER INFORMATION <br /> <br />Name: Victor J. Quint and Margie J. Quint <br /> <br />Federal 10 No.: 0904 <br /> <br />Address: 35997 Highway 6 <br />Hillrose, Colorado 80733 <br /> <br />Phone Number: 970-847-3469 <br /> <br />Contact: Victor Quint <br /> <br />Email: lejquint@kcLnet <br /> <br />Type of Entity: Colorado individuals <br /> <br />SECTION 2 - PROJECT DESCRIPTION <br /> <br />Description of PROJECT: The BORROWER is owner of the Quint Farm, consisting <br />of 740 acres. The BORROWER applied for a $85,500 loan to finance the construction of <br />a water recharge project consisting of a recharge well, recharge pond, and a pipeline <br />connecting the two that will generate augmentation credits to cover depletions for 4 <br />irrigation wells used on the Quint Farm ("PROJECT") at a total cost of approximately <br />$95,000. <br /> <br />Description of Feasibility Study: The CWCB has reviewed a feasibility study report <br />on the PROJECT prepared by Brent Nation, P.E., entitled Feasibility of Construction <br />of the Victor Quint Augmentation Project, dated July 2003, which is incorporated <br />herein by reference, and, based upon the feasibility report, the CWCB determined <br />the PROJECT to be technically and financially feasible. <br /> <br />SECTION 3 - CWCB's AUTHORITY <br /> <br />Small Proiect Loan: This loan is made pursuant to the provisions of SS 37-60-119 <br />and 37-60-120 C.R~5...-whicb ","trorizes the CI,^!CB to loon money for water <br />projects for the benefit of the people of the State, provided that the borrower <br />assures repayment of that money. <br /> <br />Section 37-60-122(1 )(b) C.R.S., authorizes the CWCB to make loans of up to <br />$5,000,000 from the CWCB's Construction Fund and the State Severance Tax <br />Trust Fund Perpetual Base Account Fund without prior approval from the General <br />Assembly <br /> <br />SECTION 4 - BOARD ApPROVAL <br /> <br />At its July 2003, meeting, the CWCB approved a loan to the BORROWER in an <br />amount up to $85,500 for Project costs, plus a 1 % loan service charge in the <br />amount of $855 for a total loan amount of $86,355, with terms of 2.5% per annum <br />for a repayment term of 30 years. <br /> <br />Appendix 1 to Loan Contract C150147 <br />