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<br />Steve Kaiser, Secretary <br />Low Line Ditch Company <br />March 28, 2003 <br /> <br />Page 2 <br /> <br />2. An approved contract must be in place before funds can be advanced. Jan IlIian has <br />placed this loan increase on our "hot list" and will initiate the loan contracting process <br />with a goal of having an amended contract in place by May 2003. Once the contract is <br />amended the Company may request the additional loan funds to cover eligible project <br />expenditures, <br /> <br />3. You must adhere to the CWCB Desian and Construction Administration Procedures, <br />Tim Feehan will contact you regarding the CWCB requirements conceming project <br />bidding, design, and construction. Tim will make construction inspections, which will be <br />the basis of the pay estimates for disbursement of your loan funds. <br /> <br />On behalf of the Board, I would like to thank you again for applying for a loan from the <br />Colorado Water Conservation Board, <br /> <br />Sincerely, <br /> <br />/H/J~ <br />~i~::;, PE, Chief <br />Water Supply Planning and Finance Section <br />Colorado Water Conservation Board <br /> <br />Attachments: <br /> <br />Updated Memo: LowLine 303 memo <br /> <br />cc (w/Attachment): <br /> <br />Mr. Eric Wilkinson, Colorado Water Conservation Board <br />CWCB Section B Staff <br />Linda Bassi, AGO <br />Chrono File <br /> <br />C: Proj-New\LowLine 303 Itr <br />