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<br />.-I-~.~';. <br /> <br /><! <br /> <br />STATE OF COLORADO <br /> <br />Colorado Water Conservation Board <br />Department of Natural Resources <br /> <br />721 State Centennial Building <br />1313 Shennan Street <br />Denver. Colorado 80203 <br />Phone (303) 866-3441 <br />FAX (303) 866-4474 <br /> <br />o <br /> <br />Roy Romer <br />Governor <br /> <br />April 12, 1996 <br /> <br />James S. Lochhead <br />Executive DiIeclor. DNR <br /> <br />Daries C. lile. P.E. <br />DirectOr, CWCB <br /> <br />The Bravo Ditch Company, Inc. <br />c/o Mr. Robert L. Dickinson <br />Secretary-Treasurer <br />24833 Rd 385 <br />Sterling, CO 80751 <br /> <br />RE: Diversion Structure Rehabilitation <br />Loan Approval <br /> <br />Dear Mr. Dickinson, <br /> <br />Concerning your application for a loan from the Construction Fund, 1 am pleased to inform you <br />the Colorado Water Conservation Board (CWCB) has approved your request for a $51,700 loan <br />from the Small Project Loan Account. it is our understanding these funds will be used to <br />rehabilitate the Company's diversion structure on the South Platte River. <br /> <br />The CWCB approved a loan term of 30 years at an interest rate of 4.25%. I have attached a <br />copy of the updated Board memo concerning the Bravo Ditch Company. Please refer to page <br />3 of that memo and to the section "Action Taken by the CWCB, March 12, 1996". <br /> <br />The Board has approved the loan subject to several conditions: <br /> <br />a. You must adhere to the CWCB Guidelines for Financial Assistance. A copy of <br />our Guidelines is attached. <br /> <br />b. . The draft Feasibilitv Study must be completed. The draft study is being reviewed <br />by John Van Sciver of this office (303-866-3441). John will assist you with any <br />needed revisions to the study so that the content of the report is in compliance <br />with the Guidelines and statutory requirements. <br /> <br />c. An approved contract must be in place before construction can proceed. Jan lllian <br />of this office (303-866-3441) will contact you concerning our contracting <br />procedure. it usually takes 3 to 6 months to complete the contract. No CWCB <br />funds can be disbursed until the loan contact is signed by all parties. <br />