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<br />. <br /> <br />. <br /> <br />. <br />STATE OF COLORADO <br />- <br /> <br />feo.-> <br /> <br />Colorado Water Conservation Board <br />Department of Natural Resources <br /> <br />721 St3le CentenDial Building <br />1313 ShemlJlD Street <br />Denver. Colon>.do 80203 <br />Phone (303) 866-3441 <br />FAJ( (303)866-4474 <br />'[\ <br /> <br />Roy Romer <br />Governor <br /> <br />April 12, 1996 <br /> <br />James S. 1.Jv-hh.o-.:lti <br />Executive Direaor. DNR <br />Daties C. Lile. P.E <br />Director. CWCB <br /> <br />The Bravo Ditch Company, Inc. <br />c/o Mr. Robert 1. 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 YOll <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 yeats at an interest rate of 4.25%. 1 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 ~everal conditions: <br /> <br />a. You must adhere to the CWC13 Guidelines for Financial Assistance. A copy of <br />our Guidelines is attached. <br /> <br />b. The draft Feasibilitv Studv 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 />