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, East Dillon Water District Colorado Water Conservation Board Page 2 August 30,2001 also cover Tabor issues and the authorization to borrow money for the rights. Should the District switch to all income from user fees, then the Tabor issues and authorization to borrow are not required. Included with the application is the following back up material. I. 1999 Annual Audit. The Year 2000 annual audit should be filed with the State in the next few weeks. A copy will be forwarded to you. 2. 2000 Financial summary that materially reflects what will be on the 2000 Audit. 3. 2001 Budget 4. Contact information for the Board of Directors, Operations, Attorneys and Engineers. 5. December 2000 Purchase Agreement with the Vidler Water Company. The District is required to pay $3,100,000 on the Agreement prior to November 30, 2002. 6. December 2000 Assignment Agreement with the City of Golden and the Vidler Water Company to acquire 20 acre feet of Rice Ranch water. The District closed on the Agreement in December 2000 at a cost of $300,000. The $3,100,000 due and the $300,000 paid from the capital fund of the District make up the water rights cost of $3,400,000. 7. 1998 Sear-Brown master plan for the District. The primary engineer for this report is currently with Rothberg Tamburini and Winsor who have replaced Sear-Brown as the engineers for the District. 8. 1998 Bishop-Borgden Water Source report. 9. Board of Director minutes authorized the water rights purchase. The District feels it has done substantial planning for the future operations of the District that includes the purchase of the water rights. The engineers and attorneys it has utilized for consulting in the water rights matter are highly regarded. Due to the complexities of the purchase by the District, we understand the Board may need further clarification or additional supporting documents. Please contact me to provide any additional information. ~~~ District Administrator