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<br />STATE OF COLORADO <br /> <br />Colorado Water Conservation Board <br /> <br />Department of Natural Resources <br />1580 Logan Street, Suite 750 <br />Denver, Colorado 80203 <br />www.cwcb.state.co.us <br /> <br /> <br />November 5, 2003 <br /> <br />Bill Owens <br />Governor <br /> <br />Pine River Bayfield Ditch Company <br />Attn: Ken Beck, President <br />P. O. Box 3345 <br />Bayfield, CO 81302 <br /> <br />Greg E. Walcher <br />Executive Director <br /> <br />Rod Kuharich <br />CWCB Director <br /> <br />SUBJECT: Loan Contract C150154 <br /> <br />Dan McAuliffe <br />Deputy Director <br /> <br />Dear Mr. Beck: <br /> <br />Enclosed for your records is the original signed Contract C150154 for the $202,000 <br />loan ($200,000 for project costs and $2,000 for the 1% loan service fee) from the <br />Colorado Water Conservation Board for construction of the Company's project to <br />replace the Beaver Creek siphon. <br /> <br />The funds are now available. Please contact Tim Feehan of the CWCB at 303-866- <br />3480 or 303-618-5010 regarding disbursement of loan funds. <br /> <br />Please contact me at 303-866-3462 if you have any questions or concerns regarding <br />this contract. <br /> <br /> <br />ian, Contract Manager <br />Supply Planning and Finance Section <br /> <br />cc: Agro, Esq. <br />Bassi, AGO <br />Feehan, CWCB <br />CWCB Contract File <br />CWCB Chrono File <br /> <br />Jan lllian - Phone 303-866-3462- Fax 303-894-2578 <br />