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<br />j. <br />u <br /> <br />. <br /> <br />. //-&<0, ,- <br />STATE OF COLORADO <br />o <br /> <br />Colorado Water Conservation Board <br /> <br />Department of Natural Resources <br /> <br />721 Stale Centennial Building <br />1313 Shennan Street <br />Denver, Colorado 80203 <br />Phone (303) 866-3441 <br />FAX (303) 8664474 <br /> <br />Roy Romer <br />Governor <br /> <br />I ames S, Lochhead <br />Executive Director, DNR <br /> <br />Daries C, Lile, P.E. <br />Director, CWCB <br /> <br />December 5, 1994 <br /> <br />Mr. Paul Dannals <br />Manager <br />Castle Pines North <br />Metro District <br />650 Castle Pines Drive South <br />Castle Rock, CO 80104 <br /> <br />RE: Well Rehabilitation <br />Emergency Loan Approval and <br />Initial Approval of Construction Fund Loan <br /> <br />Dear Paul, <br /> <br />Concerning your application for a loan from the Construction Fund, I am pleased to inCorm you <br />that the Colorado Water Conservation Board (CWCB) has granted initial approval oCyour <br />request in the amount oC $301,500 Cor a construction project to rehabilitate your wells A-I, <br />A-2, and A-3. The Board also approved a short term emergency loan in amount of $100;500 <br />to allow you to rehabilitate well A-3 this winter. The emergency loan will be repaid with funds <br />from the regular construction fund loan. <br /> <br />The CWCB also approved a loan term of 30 years at an interest rate of 5% for the regular <br />construction fund loan, The terms for the emergency loan are an interest rate of 5% and a <br />maximum I year duration. I have attached a copy of the updated Board memo concerning the <br />Castle Pines North Metro District. Please refer to page 4 of that memo and to the section <br />"Action Taken by the CWCB, November 4,1994". <br /> <br />Your regular collstruction fund loan will be considered by the State General Assembly as part of <br />the 1995 Construction Fund Bill, with passage expected in May 1995, Funds will be available <br />about Julv L 1995, Funding from the emergency loan will be available as soon as that contract <br />is approved; or about January 3 I, 1995, <br />