Laserfiche WebLink
STATE OF COLORADO <br /> Colorado Water Conservation Board cct,vsE,? <br /> Department of Natural Resources g ;� <br /> 1313 Sherman Street,Room 721 -' G <br /> Denver,Colorado 80203 ° I <br /> Phone:(303)866-3441 GJ �' o� <br /> Fax:(303)866-4474 •• '876 •' <br /> www.cwcb.state.co.us ' 19;.1 • <br /> Bill Ritter,Jr. <br /> Governor <br /> December 1, 2009 James Martin <br /> DNR Executive Director <br /> Mr. Dan Grant, Secretary Jennifer L.Gimbel <br /> CWCB Director <br /> Boulder Whiterock Ditch and Reservoir Company <br /> P.O. Box 1826 Dan McAuliffe <br /> CWCB Deputy Director <br /> Longmont, CO 80501-1826 <br /> Re: Boulder White Rock Ditch and Reservoir Company- Loan Amendment Approval <br /> Dear Mr. Grant: <br /> I am pleased to inform you that the Colorado Water Conservation Board approved your <br /> loan request on November 18, 2009. The Board approved an increase of$434,104 ($429,806 <br /> for project costs and$4,298 for the 1%loan service fee) from the 2009 Severance Tax Fund, for <br /> a new total amended loan amount of$2,864,164($2,835,806 for project costs and$28,358 for <br /> the 1% loan service fee). The loan will be at an interest rate of 3.45%for 30-years. I have <br /> attached a copy of the updated Board memo concerning the Boulder White Rock Ditch and <br /> Reservoir Company's request. Please refer to page 5 of that memo and to the Section "Action <br /> taken by the CWCB on November 18, 2009". <br /> The Board's approval was based on the Company meeting the following conditions. <br /> 1. Contracting: An approved contract must be in-place before funds can be disbursed. <br /> Vaughn McWilliams with our office will be in contact with you to initiate this <br /> process. When all contract conditions are met and the contract is executed you may <br /> request loan funds to cover eligible project expenses. You can contact Vaughn at <br /> 303-866-3441, ext 3227 regarding the requirements. <br /> 2. Design/Construction: You must adhere to the CWCB Design and Construction <br /> Administration Procedures. Tim Feehan will contact you regarding this phase of the <br /> process. Tim will make construction site visits, which will be the basis of pay <br /> estimates for disbursement of your loan funds. You can contact Tim Feehan at 303- <br /> 618-5010. <br /> Water Supply Protection•Watershed Protection&Flood Mitigation•Stream&Lake Protection•Water Supply Planning&Finance <br /> Water Conservation&Drought Planning•Intrastate Water Management&Development <br />