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<br />Colorado Water Conservation Board <br />Department of Natural Resources <br />1313 Sherman Street, Room 721 <br />Denver, Colorqdo 80203 <br />Phone: (303) 866.3441 <br />FAX: (303) 666-4474 <br />www.{:wcb.state.cQ.us <br /> <br />STATE OF COLORADO <br /> <br />Q <br /> <br />October 3, 2001 <br /> <br />Bill Owens <br />Governor <br /> <br />Lower Arkansas Water Management Association <br />Attn: Mr. Donald Higbee, Secretary <br />P.O, Box 1161 <br />Lamar, Colorado 81052 <br /> <br />Greg E. Walcher <br />Executive Di rector <br /> <br />Rod I<uharich <br />CWCB Director <br /> <br />Dan McAuliffe <br />Deputy Director <br /> <br />Re: Deferral request for Contract #C153715 <br /> <br />Dear Mr. Higbee: <br /> <br />I am pleased to inform you that on September 25, 2001, the Colorado Water <br />Conservation Board (CWCB) approved your request for financial relief by granting a <br />one-year, 100% deferment of your May 1, 2002 contract #C153715 loan payment in the <br />amount of $122,000. The deferred interest amount of the loan will be added to the <br />current loan balance that will then be re-amortized over the loan's remaining life. The <br />deferral is based on the CWCB's finding that your association (LA W]\If~) has <br />encountered significant and unexpected financial difficulties, and that it has been duly <br />diligent in its efforts to comply with the repayment provisions of its contracts with the <br />CWCB. <br /> <br />Ms. Jan lllian of this office will prepare the amendment to contract #C153715 in <br />the near future and will be in contact with you regarding the details. <br /> <br />If you have any questions regarding this matter please feel free to call me any <br />time at 303-866-3441. <br /> <br />s~~ <br /> <br />Mike Serlet, P.E., Chief <br />Water Supply Planning and Finance Section <br />Colorado Water Conservation Board <br /> <br />cc. David Harrison <br />Richard Mehren <br />flIfi:~('~"tB <br />, <br /> <br />Steve Biondo, CWCB <br />Linda Bassi, AGO <br /> <br />Flood Protection · Water Project Planning and Financing. Stream and Lake Protection <br />Water Supply Protection. Conservation Planning <br />