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<br />~5" <br /> <br />STATE OF COLORADO <br /> <br />Colorado Water Conservation Board <br /> <br />Department of Natural Resources <br />1313 Shennan Street, Room 721 <br />Denver, Colorado 80203 <br />Phone: (303) 866.3441 <br />FAX: (303) 866-4474 <br />www.cwcb.state.CO.llS <br /> <br /> <br />May 23, 2002 <br /> <br />Bill Owens <br />Governor <br /> <br />Greg E. Walcher <br />Executive Director <br /> <br />Rod Kuharich <br />CWCB Director <br /> <br />Mr. Dan Putney, President <br />Delta Canal Company <br />477 1600 Road <br />Delta, CO 81416 <br /> <br />Dan McAuliffe <br />Deputy Director <br /> <br />RE: Rehabilitation of the Delta Canal <br />Small Project Loan Approval <br /> <br />Dear Mr. Putney, <br /> <br />I am pleased to inform you that the Colorado Water Conservation Board (CWCB) approved your <br />Small Project Loan request on May 20, 2002. The loan is for rehabilitation work on the Delta Canal <br />system. <br /> <br />The Board approved a Small Project Loan from the Construction Fund in a maximum amount of <br />$75,000. The loan terms are 2.75% for 30 years or 2.5% for 20 years, at your option. I have <br />attached a copy of the updated Board memo concerning the Delta Canal Company. Please refer to <br />page 4 of that memo and to the section "Action taken by the CWCB May 20, 2002." <br /> <br />When the Board approved this Small Project Loan it attached several conditions: <br /> <br />1. A Feasibility Studv is reauired. John Van Sciver has reviewed the feasibility study for this <br />project and has determined that, in combination with the CWCB board memo dated May 6, <br />2002, it meets the requirements of the CWCB Construction Fund Guidelines. This office has <br />accepted the study. <br /> <br />2. An approved contract must be in place before funds can be advanced. Jan lIIian has placed <br />this project on our contracting "hot list" and has initiated the loan contracting process. Our goal <br />is to have the loan contract ready for final signature and routing by October 1, 2002, so that <br />loan funds will be available for construction in fall 2002. <br />