Laserfiche WebLink
STATE OF COLORADO <br />Colorado Water Conservation Board <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 /> Bill Ritter, Jr. <br /> G~~~~ <br />September 16, 2009 <br /> Harris D. Sherman <br /> DNR Executive Director <br />Mr <br />Don Magnuson <br />Superintendent cwcsrrnT~ m~~ <br />. <br />, <br />33040 Railroad Avenue, P.O. Box 104 <br />Lucerne <br />CO 80646 Dan McAuliffe <br />, CWCB Deputy Director <br />RE: South Gray Reservoir Rehabilitation & Gray No. 3 Breach Proj ect <br />Contract Number C150299 <br />Dear Mr. Magnuson: <br />I am pleased to inform you that on September 15, 2009 the Colorado Water Conservation Board <br />approved your loan request for the South Gray Reservoir Rehabilitation & Gray No. 3 Breach Project <br />as described in the application and approved Loan Feasibility Study titled ` F'easibility Study for the <br />Rehabilitation of South Gray Reservoir and Gray Reservoir No. 3, August 3, 2009 ". The Board <br />approved a loan not to exceed $393,900 ($390,000 for project costs and $3,900 for the 1% Loan <br />Service Fee with loan terms of 3.15% per annum for 30 years. I have attached a copy of the updated <br />Board Memo dated September 16, 2009, that includes the Board's approval. <br />After the Board approves a loan there are a few steps that remain in the loan process including: <br />A) Contractin~: An approved contract must be in place before funds can be disbursed. Vaughn <br />McWilliams will initiate the loan contracting process for this proj ect. When all of the contract <br />conditions are met and the contract is executed the Company may request loan funds to cover <br />eligible project expenses. You can contact Vaughn at (303) 866-3441 x 322'1 regarding the <br />requirements. <br />B) Design/Construction: You must adhere to the CWCB Design and Construction Administration <br />Procedures. Tim Feehan will contact you regazding this phase of the process. Tim will make <br />construction site visits, which will be the basis of pay estimates for disbursement of your loan <br />funds. You can contact Tim at his desk at (303) 866-3441 x 3211 or cell phone (303) 618- <br />5010. <br />Water Supply Protection • Watershed Protection & Flood Mitigation • Stream & Lake Protection • Water Supply Planniog & Fiunoce <br />Water Conservatioe & Drought Planning • Intrastate Water Management & Development <br />