PROJ00465

• Contract/PO #: C153530
• Contractor Name: DeWeese-Dye Ditch and Reservoir Company
• Contract Type: Loan
• Water District: 12
• County: Custer
• Bill Number: SB 88-30
• Loan Projects - Doc Type: Feasibility Study

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Director
following

_~QP__~~~~~~q_________moved
reso lut ion

the

the

adopt ion

of

RESOLUTION NO. ONE
SERIES OF 1988

BE IT RESOLVED by the Bo~rd of Directors of the DeWeese Dye
Ditch ~ Reservoir Company, Inc.:

THAT WHEREAS, an applic~tion for State of Colorado Water
Conservation Board funds has been prepared; and

c,

WHEREAS, the total estimated project cost is approximately
$212,000.00; and

WHEREAS, the amount of DeWeese Dye Ditch ~ Reservoir
Company's contribution is approximately $106,000.00 available
from Department of Agricultur@, Agricultural Stabilization and
Conservation Service Program ; and

WHEREAS, the amount of State Water Conservation Board
financial assistance requested is $106,000.00; and

WHEREAS, there are no ~ther sources of loans and grants
available to DeWeese Dye Ditch ~ Reservoir Company;

NOW, THEREFORE, BE IT RESOLVED by the Board of Directors of
the DeWeese Dye Ditch ~ Reserv~ir Company that the President and
Secretary be authorized to enter into contractural arrangements
with the Colorado Water Conservation Board and that the l~ngth of
proposed repayment period of tHe requested loan from the State of
Colorado Water Conservation B~ard funds be no greater than forty
(40) years.

Director
the foregoing
Resolution was

_~J'JJ__~~~~~~_______seconded the adoption
resolution and upon a vote of the Directors,
unanimously declared to be duly adopted.

of
the

Dated: ___~~~~___~_____________, 1988

resident

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