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<br />nIL <br /> <br />STATE OF COLORADO <br /> <br />Colorado Water Conservation Board <br /> <br />Department of Natural Resources <br />1313 Sherman Street, Room 721 <br />Denver, Colorado 80203 <br />Phone: (303) 866-3441 <br />FAX: (303) 866-4474 <br />www.cwcb.state.co.us <br /> <br />.*~J'SOI;8of.1>S- <br />0'- ?; <br />~... '. ... .i <br />,., , ':>0 <br />CO -~, <br />. . <br />" .,'. <br />"19,-3',1'.' <br /> <br />Bill Owens <br />Governor <br /> <br />January 29, 2003 <br /> <br />Greg E. Walcher <br />Executive Director <br /> <br />Rod Kuharich <br />CWCB Director <br /> <br />Steve Kaiser, Secretary <br />Low Line Ditch Company <br />P.O. Box 1111 <br />Sterling, CO 80751 <br /> <br />Re: Recharge Project <br />Loan approval <br /> <br />Dan McAuliffe <br />Deputy Director <br /> <br />Dear Steve, <br /> <br />I am pleased to inform you that the Colorado Water Conservation Board (CWCB) has <br />approved your request for a Small Project Loan. The loan is for construction of a recharge <br />project to augment existing wells. <br /> <br />The Board approved a loan from the Construction Fund in an amount of $94,500 at the <br />loan terms of 2.75% for 30 years or 2.5% for 20 years. The approval includes the provision <br />for a 1 % ($945) loan service charge, which may be paid at closing, or financed along with <br />the loan. I have attached a copy of the updated Board memo concerning Low Line Ditch <br />Company. Please refer to page 4 of that memo and to the section "Action taken by the <br />CWCB January 23,2003." <br /> <br />When the Board approved this loan it attached several conditions: <br /> <br />1. A Feasibilitv Study is required. John Van Sciver has reviewed the study titled <br />"Feasibility of Construction of the Lowline Ditch Company Recharge Project" by Brent <br />Nation, P.E., of Nation Engineering Services. The study meets the requirements of the <br />CWCB Construction Fund Guidelines, and has been accepted by this office. <br />