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<br />~ <br /> <br />ST~F COLORADO <br /> <br />o <br /> <br />\-.- <br /> <br />-.... - - ~ <br /> <br />e <br /> <br />Colorado Water Conservation Board <br />Department of Natural Resources <br />721 Stale Cp",""";'l BnildiDg <br />i313 Sh= Street <br />Denver, Colorado .80203 <br />Phone (303) 866-3441 <br />FAX (303) 866-4474 <br /> <br />MEMORANDUM <br /> <br />Roy Romer <br />Govemor <br />James S. L""""""" <br />E:=miveDiIcaor,DNR <br />Daries C. Lile, P.E. <br />Di=wr, CWCB <br /> <br />TO: Colorado Water Conservation Board Members <br /> <br />FROM: John Van Sciver <br /> <br />DATE: May 3, 1996 <br /> <br />SUBJECT: Agenda Item 7a., May 13-14, 1996, Board Meeting-- <br />Tremont Mutual Ditch Company <br />Small Project Construction Fund Loan: Revise to $45,000. <br /> <br />BACKGROUND <br /> <br />e <br /> <br />The Tremont Mutual Ditch Company (located in Morgan County), was approved for a Small <br />Project Loan in amount of $27K, at the March 12, 1996 CWCB meeting, An updated copy of <br />that board memo is attached, The Company would now like the loan amount increased to $45K, <br />and the loan terms revised to 20 years, at 4%. $45K represents about 75% of total project <br />cost, <br /> <br />Construction started March 10, and is 95% complete, Mike Serlet and John Van Sciver made <br />a number of construction inspections, to confirm that the project proceeded according to plan, <br />During construction, the project was modified to better protect the headgate from damage during <br />future floods, and to reduce annual maintenance expenses, This resulted in an increased cost, <br /> <br />A condition of loan approval was the completion of the feasibility study, John Van Sciver and <br />Bart Woodward worked together, and the study is complete, with the exception of a few minor <br />details, As expected, the study concludes that the project is feasible, <br /> <br />Jan Illian provided the Company an initial draft of the loan contract to review, and has started <br />the formal contracting process, <br /> <br />DISCUSSION <br /> <br />e <br /> <br />The total project cost has been revised up to $61K from $36K, An updated cost breakdown is <br />attached, The headgate was moved closer to the Lower Platte and Beaver diversion dam to <br />reduce the possibility of sanding, and riprap is being placed to protect the structure from future <br />