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<br />FAX MESSAGE <br /> <br /> <br />September 8, 2000 <br /> <br />TO: Janelle <br />GMAC Commercial <br />FAX (215) 328-0355 <br /> <br />From: John Van Sciver <br />Colorado Water Conservation Board (CWCS) <br />(303) 866-3441 (Voice) <br />(303) 866-4474 (Fax) <br /> <br />Reference: GMAC Loan #10256904 <br />T own of Ridgway <br /> <br />Dear Janelle, <br /> <br />The CWCS has approval to loan $77,000 to the Town of Ridgway <br />(Water Enterprise Fund.) To do this, the CWCS needs to be granted <br />parity with existing debt the Water Enterprise has outstanding. GMAC <br />Loan #10256904 (original loan amount $245,000) is an outstanding <br />loan of the Water Enterprise. <br /> <br />Please confirm whether GMAC is willing to grant the CWCS <br />parity on loan #10256904, and any conditions GMAC would <br />impose to grant such parity. <br /> <br />I have attached information concerning the proposed CWCS loan. <br /> <br />Please Fax back to the above number, or, if possible email direct to: <br /> <br />john. vansciver@state.co.us <br /> <br />Proj-new\RidgwayFax900 <br />