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e STATE at COLOMDO . '8 '1~ Roy Romer C()Vcrllor ~. '-AL) , J~m"s $, Lochhe~d Executive Director, DNR D~';es C. lile, PE, 1);','<:1"', (WeB Via Overnight Express Mail May 21, Hl97 -#~5 /.1 #2, t.eP Lower Arkansas Water Management Association Attn: Don Higbee P. 0, Sox 1161 Lamar, CO 81052 Subject: Loan Contract #C153715 Amendment #4 and Loan Contract #C153768 Dear Don: Enclosed for your signature are two loan contracts. Amendment #4 to Loan Contract #C153715 allows LAWMA to use the remaining funds in the escrow account and it reduces the final loan amount. Loan Contract #C153768 is in the amount of $2,300,000 for the purchase of shares in the Highland Irrigation Company and the Fort Sent Ditch Company. Listed below are the contract documents for each. Amendment #4 to Loan Contract #C153715 . Attachments A-C - deed of trust, security agreement and stock assignment forms to be used when purchasing Highland shares, . Attachment 0 - Promissory note reflecting the reduced loan amount of $3,688,567.74, This needs to be executed by the President and attested by the Secretary. . Attachment E - Amortization Schedule for your information. . Attachment F - Amended Security Agreement reflects the final loan amount. This needs to be executed by the President and attested by the Secretary. . Attachment G - Assignment Of Deposit Account As Security secures the account where the pledged revenues are deposit~d, After opening the account, this form needs to be executed by the President, attested by the Secretary and acknowledged by an officer of the bank. LAWMA needs to provide a letter to advise CWCS of the May 30th closing and to request that CWCS notify Colorado East Sank and Trust to release funds from the escrow account for closing.