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<br /> <br />DOLORES. COLORADO a' 3'23 <br />May 6, 2002 <br /> <br />Mr. David V. Sanford, Secretary-Treasurer <br />Summit Reservoir and Irrigation Company <br />Box 127 <br />Dolores, Colorado <br /> <br />Dear Dave, <br /> <br />Enclosed you will find the properly executed "Assignment of Certificate <br />of Deposit form. This assignment is on Certificate,l of Deposit <br /># 17074, which is in the amount of $2,727.56. <br /> <br />In the cover letter from the Colorado Water Conservation Board they <br />requested an amount of $5,608.77. The original certificate assinged <br />to them, however, has increased in value from retention of interest <br />to the amount of $14,098.73. They requested an amount totaling <br />$16,826.29 be assigned to them so we made up the difference between <br />the two amounts which is $2,727.56 ( the amount of the new certificate). <br /> <br />Also enclosed you will find a debit slip against your checking account <br />for the $2,727.56. If we may be of further service please feel free <br />to call on us at any time. <br /> <br /> <br />President <br />