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DNR COLORADO <br /> CO Colorado Water <br /> ..' Conservation Board <br /> Department of Natural Resources <br /> 1313 Sherman Street, Room 718 <br /> Denver, CO 80203 <br /> January 28, 2015 <br /> Mr. Jay Yeager <br /> Santa Maria Reservoir Company <br /> Re: Continental Dam Spillway Restoration Project Contract No. C150365 (CT2015-006) <br /> Mr. Yeager: <br /> I am pleased to inform you that on January 27, 2015, the Colorado Water Conservation Board <br /> approved a loan increase for the Continental Dam Spillway Restoration Project of $606,000 <br /> ($600,000 for project costs and $6,000 for the 1% Loan Service Fee) for a total loan not to <br /> exceed $3,677,663 ($3,641,250 for project costs and $36,413 for the 1% Loan Service Fee). The <br /> loan terms shall remain 30 years at 1.75% per annum. <br /> As you are aware, an amended contract must be in place before the additional funds can be <br /> disbursed. Peg Mason will initiate the loan amendment process. You can contact Peg at (303) 866- <br /> 3441 x3227 regarding the status of the amendment. <br /> On behalf of the Board, I would like to thank you for your interest in a loan from the Colorado <br /> Water Conservation Board. <br /> Sincerely, <br /> 6Lf-s::),_______(ij <br /> Kirk Russell, P.E., Chief <br /> Finance Section <br /> Attachment: Updated Board Memo <br /> E-mail Copy (Including Attachments): Travis Smith, CWCB Board Member- Rio Grande River <br /> Basin <br /> P 303.866.3441 F 303.866.4474 www.cwcb.state.co.us ie� - , <br /> John W. Hickenlooper, Governor I Mike King, DNR Director I James Eklund, CWCB Director ** *; <br /> */8764/ <br />