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<br />STATE OF COLORADO <br /> <br />Colorado Water Conservation Board <br /> <br />Department of Natural Resources <br />1313 Sherman Street, Room 721 <br />Denver, Colorado 80203 <br />Phone: (303) 866-3441 <br />FAX: (303) 866-4474 <br />www.cwcb.state.co.us <br /> <br /> <br />Bill Owens <br /> <br />Governor <br /> <br />Greg E. Walcher <br />Executive Director <br /> <br />July 31,2002 <br /> <br />Rod Kuharich <br />CWCB Director <br /> <br />Summit Reservoir & Irrigation Company <br />Attn: David V. Sanford, Secretary-Treasurer <br />P. O. Box 127 <br />Dolores CO 81323 <br /> <br />Dan McAuliffe <br />Deputy Director <br /> <br />SUBJECT: Amendment to Loan Contract C153770 <br /> <br />Dear Mr. Sanford: <br /> <br />. Enclosed is the voided promissory note dated August 14, 1997 for the amount of <br />$200,000. This was replaced by promissory note dated May 1, 2002 for the amount of <br />$300,000. <br /> <br />Also enclosed is a revised first page of the May 1, 2002 promissory note. The interest <br />on the copy you were sent indicated a rate of 4%. The revised page reflects the correct <br />rate of 3 %%. <br /> <br />Please give me a call at 303-866-3462 if you have any questions or concerns regarding <br />this issue. <br /> <br />Sincerely, <br /> <br />" <br /> <br />cc: Starr, Esq. <br />Bassi, AGO <br />Feehan, CWCB <br />CWCB Contract File <br />CWCB Chrono File <br /> <br />