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<br />I' ,. <br /> <br />LOWER ARKANSAS WATER MANAGEMENT ASSOCIATION <br />P. O. Box 1161 <br />lamar, Colorado 81052 <br />(719) 336 9696 (719) 336 2422 FAX <br /> <br />~_. .,..,.,=...,....0 <br />h ~ ~-*' f:~~:- ~ "\ - - -.- ; <br /> <br />JAN 2 0 2004 <br /> <br />Colorado Water ConSer;ahitl Su!':!;:' <br /> <br />January 16, 2004 <br /> <br />Rod Kuharich, Director <br />Colorado Water Conservation Board <br />1313 Sherman Street, Room 721 <br />Denver, CO 80203 <br /> <br />Re: Lower Arkansas Water Mana2ement Association - Reauest for <br />Disbursement of Funds Pursuant to Loan Contract No. C150150 <br /> <br />Dear Mr. Kuharich: <br /> <br />Pursuant to Section 3 of Loan Contract No. C150150 and Section 10 of the <br />project summary to said loan contract LA WMA requests the disbursement of loan funds in the <br />amount of $2,250,000.00 in connection with LAWMA's purchase of one-half of the Keesee <br />water rights from Mary A. Broyles, Jake O. Broyles Trust No. 1 and Prowers Enterprises, LLC. <br />A copy of the April 2, 2003 Water Rights Purchase and Sale Agreement is attached hereto for <br />your files. The purchase price of $2,250,000.00 for one-half of the Keesee water rights is <br />supported in the report by William A. Paddock and Bill Milenski dated July 14, 2003 entitled <br />"Report on the Estimated Fair Market Value of One-Half Interest in the Keesee Ditch Water <br />Rights, Including One-Half of the Keesee Ditch's Article n Storage Account in John Martin <br />Reservoir in Bent County, Colorado" that has been provided to the CWCB by LAWMA. <br />LAWMA is closing on the purchase of the water rights on February 16, 2004. Therefore, the <br />CWCB's disbursal of the $2,250,000.00 pursuant to Loan Contract No. C150150 to LAWMA is <br />needed prior to February 16, 2004. <br /> <br />Thank you for your cooperation and prompt attention to this matter. Do not <br />hesitate to call me or Richard 1. Mehren at 303.443.8782 if you have any questions. <br />