Laserfiche WebLink
<br />Colorado Water Conservation Board <br /> <br />Department of Natural Resources <br /> <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 />STATE OF COLORADO <br /> <br />Q <br /> <br />June 1, 2001 <br /> <br />Bill Owens <br />Governor <br /> <br />Greg E. Walcher <br />Executive Director <br /> <br />Rod Kuharich <br />eweB Director <br /> <br />Dan McAuliffe <br />Deputy Director <br /> <br />Mr. Melvin Thorson, President <br />Tilton Lateral Inc. <br />2945 D ~ Road <br />Grand Junction, CO 81504 <br /> <br />RE: Rehabilitation of the Tilton Lateral <br />Small Project Loan Approval <br /> <br />Dear Melvin, <br /> <br />I am pleased to inform you that the Colorado Water Conservation Soard (CWCS) approved your <br />Small Project Loan request on May 21, 2001. The loan is for rehabilitation of the Tilton Lateral. <br /> <br />The Soard approved a Small Project Loan from the Construction Fund in a maximum amount of <br />$100,000. The loan terms are 3.5% for 30 years. I have attached a copy of the updated Soard <br />memo concerning Tilton Lateral Inc. Please refer to page 4 of that memo and to the section "Action <br />taken by the CWCS May 21, 2001." <br /> <br />. When the Soard approves a Small Project Loan there remain several conditions: <br /> <br />a) A Feasibility Study is reauired. John Van Sciver has reviewed the study titled "Feasibility Study <br />of new Underground Piped System for the Tilton Lateral Irrigation Water Users" by the Tilton <br />Lateral Company. The report meets the requirements of the CWCS Construction Fund <br />Guidelines for feasibility studies. <br /> <br />b) An approved contract must be in place before funds can be advanced. Jan IlIian has placed <br />this project on our contracting "hot list" and has initiated the loan contracting process. I <br />understand the project will be constructed in fall 2001, and that the Company will need funds to <br />pay contractor bills on or about October 1, 2001. Our goal is to have the loan contract signed <br />by all parties to meet these scheduled dates. <br /> <br />c) You must adhere to the CWCS Desian and Construction Administration Procedures. Tim <br />Feehan will contacted you regarding the CWCS requirements concerning project bidding, <br />design, and construction. Tim will make construction inspections, which will be the basis of the <br />monthly pay estimates for disbursement of your loan funds. <br /> <br />d) You must adhere to the CWCS Guidelines for Financial Assistance. <br /> <br /> <br />Flood Protection · Water Project Planning and Financing. Stream and lake Protection <br />Water Supply Protection. Conservation Planning <br />