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<br />~ <br /> <br />. <br /> <br />STATE ~ COLORADO <br />- <br /> <br />Colorado Water Conservation Board <br />Department of Natural Resources <br />721 Centennial Building <br />1 31 3 Sherman Street <br />Denver, Colorado 60203 <br />Phone: (3031 866-3441 <br />FAX: 13031 866-4474 <br /> <br />December 19, 1996 <br /> <br />Roy Romer <br />Covernor <br /> <br />Jilmes S. Lochheild <br />Execullve Director, DNR <br /> <br />Dinies C. Lill', P.E. <br />Director, eWeB <br /> <br />Mr. Gary Kenncdy. Supcrintcndent <br />Mancos Water Conscnancy District <br />42888 County Road "N" <br />Mancos, CO 8132R <br /> <br />RE: <br /> <br />Rehabilitation of the Inlet Canal <br />for Jackson Gulch Reservoir. <br />Loan Approval. <br /> <br />Dear Mr. Kennedy. <br /> <br />Concerning your appliL'lliun for a loan from the Construction Fund, I am pleased to inform you <br />the Colorado Water Cunservation Board (CWeB) has approved your request for $62,500. It is <br />our understanding thcse funds will be used to rehabilitate a portion of the inlet canal for Jackson <br />Gulch Reservoir. <br /> <br />The CWCB appn)\ed a luan term of 20 years at an interest rate of 3.5%. I have attached a copy <br />of the updated Buard mcmu concerning the Mancos Water Conservancy District. Please refer to <br />page 3 of that mell1u and to the section "Action Taken by the CWCB, November 25,1996". <br /> <br />When the Board appnn.cs an emergency loan there remain several conditions: <br /> <br />a. You Inl"t adhere to the CWCB Guidelines for Financial Assistance. A copy of <br />our guidelines has been provided to you. <br /> <br />b. The' le'elsihility Study must be completed. John Van Sciver will draft the <br />rcelsibilit\ study. He will request your assistance with revisions to the study so <br />thelt it L\lI11plics with the Guidelines and statutory requirements. <br /> <br />c. A contract must be completed before funds can be advanced on your loan. You <br />are \\orking with Jan lllian during the contracting process. Jan expects the <br />contracl to be approved on or about January 1, 1997, after which funds can bc <br />advanccd. <br />