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<br />02/02/2001 15:44 <br /> <br />303g252705 <br /> <br />TOWN OF ERIE <br /> <br />~ /.., .. <br /> <br />.' <br /> <br />Option II <br /> <br />The Town of Erie would pay an amount equal to the cost of the government seeuri ies <br />di.r!;:lctly to the Colorado Water Conservation 'Board immediately to retire the loan. e <br />estimate the cost of the securities to be approximately $915,316.21. The advan.tag to the' <br />Board would th.e iIIlliledilite use of these funds to loan to other agencies at a highe <br />interest rate. The a.dvantage to the Town is use of the remaining funds in the escro <br />account fQr oth~r s)'stl;:m improvements. <br /> <br />I look forward to meeting. with you. Should you have any questions prior to our meting, <br />please feel free to cpntftct 'q1e at 3.'03-926-2741. <br /> <br />Sincerely, <br /> <br /> <br /> <br />ith <br />. lye Services iDirector <br /> <br />PAGE 03 <br />