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<br />... <br /> <br />T~&~~rpc <br /> <br />Attorneys At Law <br />1775 Sherman Street. Suite 1300 <br />Denver, Colorado 80203 <br />(303) 861-1963. Fax: (303) 832-4465 <br />Ex1aJsim 124 <br /> <br />REC~/V~D <br /> <br />MAY 2 <br />c 5 200U <br />C<, O/o,ado W <br />nS9fl1ati ater <br />0" Board <br /> <br />May 24, 2000 <br /> <br />Ms. Linda 1. Bassi, Esq. <br />Assistant Attorney General <br />Natural Resources and Environment Section <br />Attorney General's Office <br />1525 Sherman Street, 5th Floor <br />Denver, Colorado 80203 <br /> <br />Re: Model Land & Irrigation Company CWCB Loan. <br /> <br />Dear Linda: <br /> <br />Pursuant to our telephone conversation last week, enclosed are proposed legal <br />descriptions of the lands owned by the Model Land & Irrigation Company on which a deed of <br />trust will be granted to the Colorado Water Conservation Board as security for the pending loan. <br />I realize that some of the legal descriptions are not as precise as one would like, but these are the <br />best descriptions that we have available at this time. I think that the legal descriptions are <br />adequate to create a security interest in Model's lands. <br /> <br />Item 9 on the enclosed list, which describes lots in the Town of Hoehne, was not <br />mentioned in the pages from the appraisal that I previously sent to you and Bill Green. The <br />assessor's real property tax notice made us aware of Model's ownership of this land. Since your <br />stated intention is to obtain a security interest in all of Model's land, we have voluntarily included <br />this additional Model land. <br /> <br />I <br /> <br />I am also enclosing for your information copies of the 1999 assessor's real estate property <br />tax notices on the properties proposed for the deed of trust. The tax notices to Model provide <br />evidence that Model still owns these properties, and information that their current value exceeds <br />the amount of the loan. <br /> <br />On a related matter, you should have received a copy of a letter from Model to Steve <br />