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<br />. <br /> <br />. <br /> <br />Excelsior Irrigating Company <br />Mr. C. R. (Dick) Evans, President <br />December 16, 1996 <br /> <br />2 <br /> <br />plan for use of the Excelsior Ditch water, as part of this project, be reviewed and <br />approved by the State Engineer's Office. The plan, as well as the State Engineer <br />review, must be included in the study. <br /> <br />d. A contract must be completed before funds can be advanced on vour loans. You will <br />be working with Jan Illian during the contracting process, which usually takes 3 to <br />6 months to complete. Jan will assist you with sample stockholder resolutions, and <br />other documents necessary as part of the cOl).tracting process, Contracting for the <br />Small Project loan can proceed nOW, subject to the requirements of this letter. <br />Contracting for the Phase II loan can be completed after the Construction Fund Bill <br />is signed, around June I, 1997. <br /> <br />e. You must adhere to the CWCB Design and Construction Administration Procedures. <br />Mike Serlet will work with you on the CWCB requirements concerning design and <br />bidding of the construction project. During the construction process Mike will make <br />field inspections, which will be the basis of the monthly pay estimates for <br />disbursements of your loan funds. Our guidelines require that the project be designed <br />by a Professional Engineer. We must review the plans and specifications before <br />construction starts on any portion of the project for which we will be providing <br />financing. <br /> <br />On behalf of the Board, I would like to thank you for applying for a Construction Fund Loan <br />from the Colorado Water Conservation Board. <br /> <br />Sincerely, <br /> <br />Iz/~?S'~ <br /> <br />Wi'lliam P. Stanton, P.E. <br />Chief, Project Planning and Construction Section <br />eolorado Water Conservation Board <br /> <br />JVS:jvs <br />Attachment: <br /> <br />Updated Memo 12h.nov <br /> <br />cc: (w/Attachment): <br />Mr. Alan C. Hamel, Board Member eWeB <br /> <br />CI;:: (w/o Attachments): <br />ewes Section B Staff <br />Linda Bassi, AGO <br /> <br />C:\WP51\JOHN\12hNov96.1tr <br />