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<br />Harold 1. Slavinski, Pres./Chm, <br />George E, Chenoweth, Sec./Treas, <br />Jack B, DeLange, Mgr, <br /> <br /> <br />Cecil Tackett <br />Don Brinks <br />Robert Frye <br /> <br />October 27, 1992 <br /> <br />Colorado Water Conservation Board <br />1313 Sherman Street, Room 721 <br />Denver, Colorado 80203 <br /> <br />Dear Board Members: <br /> <br />This is a joint letter from the pagosa Area Water and Sanitation <br />District and the San Juan Water Conservancy District Board of <br />Directors. Both Boards are requesting approval of a loan <br />application in the amount of 8,012,000 dollars to construct the <br />following: <br /> <br />A. Hidden Valley Reservoir and Dam - $5,818,000 <br /> <br />B. Stevens Lake Enlargement <br /> <br />- $2,194,000 <br /> <br />The Districts are asking for 100 percent financing of both <br />projects from the Colorado Water Conservation Board. Debt service <br />would be paid back over twenty five years. At this point, it is <br />uncertain if there will be any other loans or grants available <br />for these projects. The Districts will contribute the monies <br />necessary to fund this application and any preliminary <br />geotechnical work required at the dam sites. <br /> <br />Please note that the land associated with Hidden Valley Reservoir <br />is to be donated, along with 5.3 cubic feet per second of <br />domestic water rights. <br /> <br /> <br />do not <br /> <br />an <br /> <br />secretary/Treasurer, San Juan <br />water Conservancy District <br /> <br />100 Lyn Avenue <br />P.O, Drawer 461 0 <br /> <br />Pagosa Springs, Colorado 81157 <br /> <br />303-731-2691 <br />FAX 303-731-2693 <br />