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<br />DeWeese-Dye Ditch and Reservoir Co. <br />Attn: Ronald D. Dorn, President <br />November 30, 199B <br />Page 2 <br /> <br />for holding the assessments used to make the loan payment. You can also accumulate <br />the reserve debt service funds required in paragraph A.15.d in this account. I used the <br />name of the bank where you obtained the certificate of deposit for the previous loan. Let <br />me know if you will be using a different bank. <br /> <br />Attorney Opinion Letter. The Company's attorney must provide an opinion letter in <br />accordance with paragraph A.B. This must be provided when the contract is signed by the <br />Company. <br /> <br />Insurance. Prior to the disbursement of any loan funds, proof of insurance for both the <br />Company and the construction firm, must be provided in accordance with paragraphs A.4 <br />for the construction contractor and A.6 for the Company. This includes both a certificate of <br />insurance as well as an additional insured endorsement in the coverage amounts stated in <br />the contract. <br /> <br />W-9 Request for federal identification number. Please fill out and return the enclosed <br />request for federal identification number. This form allows the Company to be added to <br />the State system for processing the contract and disbursing loan funds. <br /> <br />Copy of lease. Please provide a copy of the lease between the Company and DOW for <br />the 1,040 acres as soon as possible. It is presumed that, if necessary, the lease would <br />allow the lessor to be substituted. If this is not the case, an Assignment of Lease will need <br />to be added to the contract. <br /> <br />When the Company and its attorney are satisfied with the contract language, I will send <br />out copies of the contract documents for signature. After the contract documents are <br />returned, it takes approximately two weeks to obtain final approval from the State, at which <br />time the loan funds will be available for disbursement. <br /> <br />Please call me with any questions or concerns you have regarding the contracting <br />process. <br /> <br />Sincerely, <br /> <br />// ...",[ &leaL/C <br /> <br />~ llIi n, Contract Administrator <br />Cons r tion Fund Section <br /> <br />cc: Allen, Esq. <br />Cann, AGO <br />Stanton, CWCS <br />Green, CWCS <br />