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<br />..' .....1. <br />.... ~ <br /> <br />Johnson, Bruce <br /> <br />From: <br />Sent: <br />To: <br />Subject: <br /> <br />lilian, Janis <br />Tuesday, March 11, 2003 3:52 PM <br />Johnson, Bruce; Serlet, Mike <br />Greeley & Loveland <br /> <br />Bruce & Mike, <br />I just spoke with Ron Brinkman of the Greeley & Loveland Irrigation Company. They have decided to decline the <br />$1,000,000 loan approved by the Board at the January meeting. The loan was for rehabing the outlet on Boyd Lake. <br />However, they encountered funding problems for the Boyd Lake spillway (they were expecting federal aid but it has been <br />cut) so they have decided to re-do the project. They plan on resubmitting the feasibility study later in the summer and <br />applying for a new loan in the amount of $1.2 to $1.4 Million. <br />Ed Thoms will be contacting Bruce regarding this revised project. Ron will be sending a letter fully explaining their <br />declining our loan. <br />Jan. <br /> <br />1 <br />