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DNR COLORADO <br /> CO Colorado Water <br /> .. Conservation Board <br /> Department of Natural Resources <br /> 1313 Sherman Street, Room 721 <br /> Denver, CO 80203 <br /> November 21, 2014 <br /> Mr. Richard Belt, President <br /> Las Animas Consolidated Canal Company <br /> 1800 Larimer Street, Suite 1300 <br /> Denver, CO 80202 <br /> Re: Repair and Replacement of Canal Spillway Structure <br /> Mr. Belt: <br /> I am pleased to inform you that on November 20, 2014, the Colorado Water Conservation Board approved <br /> your loan request for the Repair and Replacement of canal Spillway Structure as described in the <br /> application and approved Loan Feasibility Study titled "Repair and Replacement of the Las Animas <br /> Consolidated Canal Spillway Structure" dated September 2014. The Board approved a loan not to <br /> exceed $363,782 ($360,180 for project costs and $3,602 for the 1% Loan Service Fee). The loan terms <br /> shall be 5.05% per annum for 30 years. <br /> After the Board approves a loan there are a few steps that remain in the loan process including: <br /> Contracting: An executed loan contract must be in place before funds can be disbursed for eligible <br /> project expenses. Peg Mason will contact you to initiate the loan contracting process. However you can <br /> reach her at (303) 866-3441 x3227. <br /> Design/Construction: You must adhere to the CWCB Design and Construction Administration Procedures. <br /> Derek Johnson, P.E., will be the Project Manager for this phase of the process and will work with you on <br /> the disbursements of your loan funds. You can contact him at (303) 866-3441 x3254. <br /> On behalf of the Board, I would like to thank you for your interest in a loan from the Colorado Water <br /> Conservation Board. <br /> Sincerely, <br /> f <br /> Kirk Russell, P.E., Chief <br /> Finance Section <br /> Attachment: Updated Board Memo <br /> E-mail Copy (Including Attachments): Alan Hamel, CWCB Board Member - Arkansas River Basin <br /> OF 6i <br /> P 303.866.3441 F 303.866.4474 www.cwcb.state.co.us /�77 .7,::' <br /> John W. Hickenlooper, Governor I Mike King, DNR Director I James Eklund, CWCB Director I * l *i <br />