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<br />" - <br /> <br />" <br /> <br />. <br /> <br />. <br /> <br />STATE OF COLORADO <br /> <br />721 Stale Cenlennidl BuildIng <br />1313 Sherman Street <br />Denver. Colorado 80203 <br />Phone (303) 666-344 1 <br />FAX (303) 66&-4474 <br /> <br />MEMORANDUM <br /> <br />o <br /> <br />COLORADO WATER CONSERVATION BOARD <br /> <br />Depar1menl 01 Natural Resources <br /> <br />(UPDATED 11/12/93) <br /> <br />Roy Romer <br />Governor <br /> <br />TO: <br /> <br />Members, CWCB <br /> <br />Oaries C. llle. P_E <br />Diredor. ewcs <br /> <br />FROM: John Van Sciver <br /> <br />DATE: October 28, 1993 <br /> <br />SUBJECf: Agenda Item 9d, November 9-10,1993, Board Meeting-- <br />Michigan River Water Conservancy District <br />Approval of a Construction Fund Loan in amount of $97,500 to install <br />additional outlet on Meadow Creek Dam. <br /> <br />BACKGROUND <br /> <br />The Michigan River WCD has submitted an application for a loan to construct an <br />additional outlet on the Meadow Creek Dam, near Walden, They have requested $97,500 <br />(4% for 20 years) which is 75% of the total estimated project cost of $130,000. <br />The additional outlet is needed to deliver required irrigation water during critical <br />portions of the irrigation season, and would boost the discharge capacity form 55 cfs to <br />about 85 cfs, <br />Preliminary feasibility work has been completed by the SCS. <br /> <br />DISCUSSION <br /> <br />The company has a $45,000 ASCS cost share commitment which will be used to <br />reduce loan debt. <br /> <br />Plans and specifications for the new outlet will reqUire approval by the State <br />Engineer's office prior to construction, <br /> <br />The company currently has a loan with the CWCB in amount of $1,073,498, with <br />annual payments of $47,727, <br />