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<br />. <br /> <br />e <br /> <br />DELIVERY CERTIFICATE AND RECEIPT FOR PROMISSORY NOTE <br /> <br />The undersigned hereby certifies on behalf of the City of Loveland, Colorado, Water <br />Enterprise (the "Enterprise") that the Promissory Note, dated June 20, 2000, from the Enterprise to <br />the State of Colorado for the use and benefit of the Department of Natural Resources, Colorado <br />Water Conservation Board (the "State"), in the principal amount of$5,000,000, was executed and <br />delivered to the State, and the Enterprise expects to receive in consideration therefor one or more <br />State warrants in the aggregate principal amount of $5,000,000. <br /> <br />IN WITNESS WHEREOF, the undersigned has hereunto set her hand this 20th day <br />of June, 2000. <br /> <br />CITY OF LOVELAND, COLORADO, <br />WATER ENTERPRISE <br /> <br />~~(~ <br /> <br />President . <br /> <br />Receipt ofthe Promissory Note is hereby acknowledged this 20th day of June, 2000. <br /> <br />STATE OF COLORADO FOR THE <br />USE AND BENEFIT OF THE <br />DEPARTMENT OF NATURAL <br />RESOURCES, COLORADO WATER <br />CONSERV ATION BOARD <br /> <br />