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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 /> November 21, 2016 <br /> Mr. Dennis Yanchunas, President <br /> Municipal Subdistrict, Northern Colorado Water Conservancy District <br /> 220 Water Avenue <br /> Berthoud, CO 80513 <br /> Re: Windy Gap Firming Project Funding <br /> Mr. Yanchunas: <br /> I am pleased to inform you that on November 16, 2016, the Colorado Water Conservation Board approved <br /> staff's request to have the General Assembly authorize up to $90 million for loan(s) to the participants <br /> of the Windy Gap Firming Project in the 2017 CWCB Projects Bill. Attached is a copy of the updated <br /> Board memo dated November 17, 2016 that includes the Board's approval. <br /> The next steps in the process include: <br /> a) Legislative Approval and Governor's Signature: The authorization for a loan will be included in the <br /> 2017 Water Projects Bill. If the Bill is approved and signed by the Governor with the Windy Gap <br /> Firming Project included, the Borrower will then need to formally apply for a CWCB loan. <br /> b) Formal Loan Approval: The Borrower shall apply for a loan as required for all CWCB water project <br /> loans. The loan application/study may be submitted anytime within the authorization window. <br /> Plan to apply a minimum of six months prior to the need for a loan contract to be executed. <br /> c) Contracting: After Board approval, funds are available for disbursement pending execution of a <br /> loan contract. If there are any questions regarding contracting, Peg Mason can be reached at <br /> peg.mason@state.co.us or at (303) 866-3441 x3227. <br /> On behalf of the Board, I would like to thank you for your interest in a loan from the CWCB. <br /> Sincerely, <br /> P (---)` <br /> K. <br /> VC <br /> Kirk Russell, P.E., Chief <br /> Finance Section <br /> Attachment: Updated Board Memo <br /> E-mail Copy (Including Attachments): Jim Yahn, CWCB Board Member - South Platte River Basin <br /> P 303.866.3441 F 303.866.4474 www.cwcb.state.co.us 47 , , <br /> John W. Hickenlooper, Governor I Robert Randall, DNR Executive Director James Eklund, CWCB Director I \,..,f*\ 1*r <br /> *`6* . <br /> ��Ig76�, <br />