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i (;TATF Cy- COLORADO <br /> olorado Water Conservation Board 1111111111111111111 <br /> v Department of Natural Resources ss9 <br /> 721 Centennial Building <br /> 1313 Sherman Street <br /> Denver,Colorado 80203 <br /> Phone: (303)866-3441 <br /> FAX: (303)866-4474 ! / CJ ? Roy Romer <br /> Governor <br /> James S Lochhead <br /> Executive Director,DNR <br /> Daries C Lite,PE <br /> Director,CWCB <br /> TO: olorado Water Conse ation Board Members <br /> FROM: Bill Green, P.E. <br /> Project Planning and Construction Section <br /> DATE: âś“January 21, 1997 <br /> SUBJECT: Agenda Item S.a. , January 29-30, 199 rd Meettn-Water Project <br /> Construction Loan Program -Modifications to Previous Loan <br /> Authorizations - Eagle Park Reservoir Co. - Eagle Park Reservoir Rehab. <br /> INTRODUCTION <br /> This memorandum presents the final staff analysis and recommendation with regard to the <br /> requested $8.5 million in Construction Fund financing for the Eagle Park Reservoir Project. The <br /> applicant is the Eagle Park Reservoir Company which includes: Eagle County, the Eagle River <br /> Water& Sanitation District,the Upper Eagle Regional Water Authority, and Vail Associates. <br /> This memo will focus on those issues which were raised by the Board at the November 25, 1996 <br /> Board meeting. <br /> BACKGROUND <br /> For background information on the Eagle Park Reservoir Project please refer to my <br /> memorandums to the Board for January 1996 (Agenda Item 10.a.) and for November 1996 <br /> (Agenda Item 9.a.). A one-page Project Summary is attached to this memo. <br /> At the January 1996 Board meeting, the Board gave conditional approval to a 30-year <br /> Construction Fund loan for$3,125,000 for the purchase of the reservoir site from Cyprus Climax <br /> Metals Company by the applicants. This amount was included in SB 96-153. At the November <br /> 1996 Board meeting, the applicants requested an additional loan authorization for $5,375,000 for <br /> a total and final amount of $8,500,000 in Construction Fund financing for the project. <br />