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<br />STATE OF COLORADO <br /> <br />Colorado Water Conservation Board <br />Department of Natural Resources <br />1313 Sherman Street. Room 721 <br />Denver, O:llorado 8()203 <br />Phone: (303) 866-3441 <br />FAX (303)866-4474 <br />www.cwcb.slate.co.us <br /> <br /> <br />May 27,2003 <br /> <br />Bill Owens <br />Governor <br /> <br />Mr. Marley DucIo, President <br />Willow Heights Irrigation Company <br />P.O. Box 730 <br />Hotchkiss, Colorado 81419 <br /> <br />GregE.Walcher <br />ExecutiveDirel:;tor <br /> <br />Rod Kuharich <br />CWCBDirector <br /> <br />RE: Loan for Willow Heights Irrigation Company - Dual Water System <br /> <br />Dan McAuliffe <br />Deputy Director <br /> <br />Dear Marley: <br /> <br />I am pleased to inform you that the Colorado Water Conservation Board (eWeB) approved your Small <br />Project Loan request on May 20, 2003, to rehabilitate the Willow Heights Irrigation Company's <br />existing dual (secondary) irrigation water system. <br /> <br />The Board approved a Small Project Loan from the Construction Fund in a maximum amount of <br />$104,535 (including the 1% loan service charge) with loan terms of 3. 75% per annum for 30 years. I <br />have attached a copy of the updated Board memo that includes a section "Action taken by the eWCB <br />on May 20,2003." <br /> <br />When the Board approves a loan there remain several conditions: <br /> <br />a) A Feasibility Study is required. Bruce Johnson has reviewed the preliminary study titled <br />"Feasibility of Reconstroction of the Irrigation Disrn"bution System for Willow Heights <br />- April 2003." Please continue to work with him to finalize this report. The report, in <br />combination with the CWCB board memo dated May 7, 2003 will meet the <br />requirements of the CWCB Construction Fund Guidelines for feasibility studies. <br /> <br />b) An apProved contract must be in place before funds can be advanced. Jan lllian will <br />place this project on our contracting "hot list" and will initiate the loan contracting <br />process. Once the contract is finalized the Company may request loan funds to cover <br />eligible project expenses. For future reference Jan's phone nwnber is 303-866-3462. <br /> <br />c) You must adhere to the CWCB Design. and Construction Administration Procedures. <br />Tim Feehan will contact you regarding the eWeB requirements concerning project <br />bidding, design. and construction. Tim will make construction inspections, which will <br />be the basis of the monthly pay estimates for disbursement of your loan funds. Tim's <br />phone number is 303-866-3480. <br /> <br />Flood Protection. \Valer Supply PLmning and Finance. Stream and Like Protection <br />Water Supply Protection. Conservation and Drought Planning <br />