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<br />-, <br /> <br />. <br /> <br />. <br /> <br />2. The board of directors of the Windsor Reservoir and Canal Company will adopt, and <br />the Company's shareholders will approve, an increase in assessments to provide <br />adequate debt service coverage for the new loan and for all existing loans. <br /> <br />3. The board of directors and the shareholders of the Windsor Reservoir and Canal <br />Company Will adopt a resolution or resolutions approving the loan, the pledge of <br />revenues and the conveyance of a security interest in the three reservoirs. <br /> <br />Please coordinate with Jan IIIian ofthis office on all matters related to contracting, She <br />will be responsible for drafting and processing of contract documents, No funds may be <br />disbursed until a fully executed contract is in place. <br /> <br />Tim Feehan of this office will be responsible for reviewing the project plans and <br />specifications and for all matters related to project construction including approval of <br />design and construction payments. Please coordinate with him on project design and <br />construction. <br /> <br />You may also want to refer to Section 5,0 and Appendices E, F and G of the Guidelines <br />for Financial Assistance through the Colorado Water Conservation Board Construction <br />Fund for infonnation relating to design and construction administration of CWCB- funded <br />projects, <br /> <br />On behalf of the Board and the staff, I would like to thank you for applying for a loan <br />from the Colorado Water Conservation Board, <br /> <br />Sincerely, <br /> <br />~~ <br /> <br />Michael G. Serlet, P.E, <br />Chief, Water Supply Planning and Finance Section <br /> <br />Cc: William Brown, CWCB <br />Peter Evans <br />Dan McAuliffe <br />Bill Green <br />Tim Feehan <br />J an IIIian <br />Linda Bassi, AGO <br />Duane Smith, Smith Geotechnical <br /> <br />2 <br />