Laserfiche WebLink
<br />. <br /> <br />g1~ <br />STATIfoF COLORADO <br /> <br />Colorado Water Conservation Board <br />Department of Natural Resources <br /> <br />721 State Centennial BniIding <br />.1.3 J3 Sherman Street <br />Denver, Colorado 80203 <br />Phone (303) 866-3441 <br />FAX (303) 8664474 <br /> <br />o <br /> <br />Roy Romer <br />Govemor <br /> <br />February 15, 1995 <br /> <br />Jah'!es S. Lochhead <br />Executive Dii'eC!or, DNR <br />Dalies eWe, P.P... <br />Director, CWCB <br /> <br />The Honorable Jim Muntzert <br />Mayor of Victor <br />P.O. Box 86 <br />Victor, Colorado 80860 <br /> <br />Re: City of Victor Reservoir Rehabilitation <br /> <br />Dear Mayor Muntzert: <br /> <br />Concerning the City of Victor's application for a loan from the Construction Fund, I am <br />pleased to inform you that the Colorado Water Conservation Board (CWCB) at its January <br />25th meeting granted approval of your request for a $600,000 loan (not to exceed 75 percent <br />of actual project costs) for the rehabilitation and improvement of Victor Reservoir #2. The <br />repayment period for the loan will be 30 years and the interest rate will be four percent. <br /> <br />You will recall that the loan was approved by the Board with the stipulation that the CWCB <br />could not enter into a contract with the City of Victor until such time as: <br /> <br />(a) The City has submitted a feasibility study acceptable to the Board staff, <br /> <br />(b) The Board staff has completed a final evaluation of the City's ability to repay the <br />loan, and <br /> <br />(c) The City has fulfilled all of the standard contracting requirements of the CWCB. <br /> <br />Please continue to coordinate with Bill Green on items (a) and (b). <br /> <br />Your Construction Fund loan will be considered by the State General Assembly as part of the <br />1995 CWCB Construction Fund bill with passage expected in May 1995. Funds should be <br />available about July I, 1995, assuming we are able to negotiate a contract by that date. <br /> <br />An approved contract between the City of Victor and the CWCB must be in place before the <br />construction work can proceed. Ms. Jan lllian of this office will draft the contract in March <br />or April of 1995, and will send you a review copy upon request. Final contract documents <br />will be sent to you for signing after the Construction Fund bill is signed by the Governor. <br />Please contact Jan at 303-866-3441 to initiate the contracting procedure. <br />