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<br />4. You must adhere to CWCB's Standard Contracting Provisions. <br /> <br />5. You must adhere to the collateral requirements per the attached Board Memorandum. As <br />security for theJoan the Terrace Irrigation Company will pledge assessment revenues backed <br />by an assessment covenant and other Company property adequate to ensure repayment of the <br />loan. <br /> <br />6. The authorization will not commit the Colorado Water Conservation Board to provide any <br />additional funding for the Company's system rehabilitation program. <br /> <br />On behalf ofthe Board, I would like to thank you for applying for a Loan from the Colorado <br />Water Conservation Board. <br /> <br />t <br /> <br />Sincerely, <br /> <br />*J# <br /> <br />Mike Serlet, PE, Chief <br />Water Supply Planning and Finance Section <br />Colorado Water Conservation Board <br /> <br />Attachments: <br /> <br />Updated Memo: Terrace Irrigation Company Loan Request <br /> <br />C: Mr. Ray Wright <br />CWCB Section B Staff <br />Chrono File <br /> <br />Filename: TerracelrrigationCompany.Approval <br /> <br />Flood Protection. Water Project Planning ~d Financing. Stream and Lake Protection <br />Water Supply Protection. Conservation Planning <br />