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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 />Governor <br /> <br />Russell George <br />Executive Director <br /> <br />June 7, 2005 <br /> <br />Rod Kuharich <br />CWCB Director <br /> <br />Mr. Alan Stromberger <br />Stromberger Land and Cattle Company <br />14063 Summit Drive <br />Sterling, CO 80751 <br /> <br />Rick Brown <br />Acting Deputy <br />Director <br /> <br />Re: Stromberger Land and Cattle Company Well AugmentationlRecharge Project <br />Loan Amendment Approval <br /> <br />Dear Mr. Stromberger: <br /> <br />I am pleased to inform you that the Colorado Water Conservation Board approved your loan <br />request on May 24,2005. The loan is for the Stromberger Land and Cattle Company Well <br />AugmentationlRecharge Proj ect. <br /> <br />The Board approved an increase of $59,000, in accordance with CWCB Policy No. 16 from the <br />2005 Construction Fund, for a new total amended loan amount of $473,000. The loan will be at an <br />interest rate of2.5% for 20-years. I have attached a copy of the updated Board memo concerning the <br />Stromberger Land and Cattle Company Well AugmentationlRecharge Project. Please refer to page 4 of <br />that memo and to the Section "Action taken by the CWCB on May 24,2005". <br /> <br />The Board's approval was based on the Company meeting the following conditions. <br /> <br />1. An approved contract must be in-place before loan funds can be advanced. Chad Henderson <br />with our office will be contacting you to initiate this process in the near future. If you should <br />have any questions, Chad's phone number is 303-866-3462. <br /> <br />2. You must adhere to CWCB's Standard Contracting Provisions. <br /> <br />3. The authorization will not commit the Colorado Water Conservation Board to provide any <br />further additional funding for the Well AugmentationlRecharge Project. <br /> <br />Flood Protection. Water Supply Planning and Finance. Stream and Lake Protection <br />Water Supply Protection. Conservation and Drought Planning <br />