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<br />-. <br /> <br />. <br />. , <br /> <br />. <br /> <br />. <br /> <br />,,:0 )1.ULY!,~ <br /> <br />;:.} 8'JfII\'J <&\ <br />-I V ^Ot, ,~ <br />~\Z6G)~\1:l1~,,~ <br />" ~ .." <br />j' .' ,V <br />. \ \ <br /> <br />- <br /> <br />~ <br /> <br />Town of I'Jorwcxx:J <br /> <br />October 29, 1992 <br /> <br />Box 528 Norwood, CO. 81423 <br />(303) 327-4406 <br /> <br />l CL (;) <br /> <br />colorado Water Conservation Board <br />Department of Natural Resources <br />721 State centennial Building <br />1313 Sherman Street <br />Denver, co 80203 <br /> <br />RE: Loan Request of Town of Norwood (the "Town") for Improvements <br />to Raw Water Delivery Facilities of Water System for the Town <br />and Wright's Mesa Rural Water System ("WMRWS") <br /> <br />Dear Members of the Board: <br /> <br />\ <br /> <br />This letter is to provide further information abollt the Town's <br />application to the Colorado Water Conserv<l.tion Board ("CWCB") for <br />a loan to improve the raw water components of the water system <br />serving the Town and WMRWS. Engineers have outlined three-phases <br />of improvements to the water system. Phase I of our proposed <br />three-phased project is the most critical for meeting existing <br />needs. The Town is pursuing funding for only phase I improvements <br />at this time. Phase I, which in its entirety will cost $700,695, <br />consists of three steps. <br /> <br />'. <br /> <br />STEP A) Upgrading the Town's Treatment Plant and changing <br />fil ters. <br /> <br />STEP B) Renovating an existing treated water storage tank. <br /> <br />STEP C) Laying 4.5 miles of pipeline from the Gurley <br />Reservoir to the Town's treatment plant. <br /> <br />The Town is requesting a loan from the CWCB only for Step C of <br />Phase I. <br /> <br />The Department of Local Affairs has confirmed that the Town is to <br />be awarded a $250,000 grant/$50,000 loan package to be signed in <br />November, 1992. The $50,000 loan to be paid over 15 years at 5% <br />interest. In addition, the Town and WMRWS propose to use $80,000 <br />of local funds for Phase I work. A $320,000 loan for 20 years at <br />o percent (0%) interest from CWCB would provide the funding needed <br />for Step c: the vital raw water component of the improvement <br />project.. <br /> <br />\;.:-:;:: <br /> <br />By way of background, the raw water which supports the Town/WMRWS <br />domestic water system is irrigation water contained in the Gurley <br />Reservoir, owned by the Farmers Water Development Company ("FWDC"), <br />a private irrigat.ion company. The Town owns 60 shares of FWDC <br />water. Traditionally, the rural irrigators and the Town have <br />