Laserfiche WebLink
<br />,~pr-20-9S Ol:SSP HOlm1lt& Narver - Denver 3034199 6069 <br /> <br />P.02 <br /> <br />, <br /> <br />e 20 April 1998 <br /> <br />John Van Scriver <br />Colorado Water Conservation Board <br />1313 Sherman Street, Room 721 <br />Denver, CO 80203 <br /> <br />RE: Chatfield South Water District Loan <br /> <br />e <br /> <br />Dear Mr. Van Scriver, <br /> <br />The Chatfield South Water District (District) is requesting that the tenns of the ColOOldo <br />Water Conservation Soard (CWCS) loan to us be amended. <br /> <br />We have been approved for a $ 500,000.00 loan to purchase raw water right for our <br />District The current terms of this loan have a condition that the District cover 25% of the <br />costs of the water rights and that CWCB will loan the other 75% of this cost <br /> <br />We are requesting that CWCB lend us 100% of the cost of these water rights. <br />If the CWCB has this 25% down requirement so that the new district shows some <br />investment on their own towards the project costs, I would like you to review our current <br />target budget We are requiring each home owner to invest $5,700.00 for the tap and <br />connection to their home. If we also must come up with 25% of the water cost now this <br />will seriously hurt many home owner. <br /> <br />Another point to consider is that Douglas County has offered to help back our district by <br />pW"Chasing and holding the water rights that we do not need right now. Denver water will <br />allow 150 taps for our district We think we will only need 100 to start Douglas County <br />will purchase the water required for the other SO taps so that we can utilize it later. <br /> <br />We also only think we will need about $400,000.00 for our water rights loan. <br /> <br />Please allow me the oWOflwtity to discuss all of these points if you need more explanation. <br />Also I am including our target budget for your analysis. <br /> <br />Thank You, <br /> <br />~&/; <br /> <br />Joseph Rottman, P. E. <br />President, Chatfield South Water District <br /> <br />e <br /> <br />page 1 <br />