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<br />\' <br /> <br />STATE OF COLORADO <br /> <br />Colorado Water Conservation Board <br /> <br />Water Supply Planning & Finance Section <br />1580 Logan Street, Suite 750 <br />Denver, Colorado 80203 <br />www.cwcb.state.co.us <br /> <br /> <br />Bill Owens <br />Governor <br /> <br />October 12, 2005 <br /> <br />Russell George <br />Executive Director <br /> <br />Guaranty Bank & Trust <br />Attn: Raque1 Hunt <br />2707 E. Bromley Lane <br />Brighton, CO 80601 <br /> <br />Rod Kuharich <br />CWCB Director <br /> <br />Rick Brown <br />Acting Deputy <br />Director <br /> <br />Subject: Termination of "Assignment of Deposit Account as Security" <br />Deposit Account No. 402 03275 <br /> <br />Dear Ms. Hunt: <br /> <br />The Colorado Water Conservation Board ("CWCB"), in consideration of the full payment of the <br />debt secured thereby, does hereby release and discharge the "Assignment of Deposit Account as <br />Security" (the "Assignment") entered into and executed by the Columbine Ranches Property <br />Owners' Association on June 6, 2000, and acknowledged by the First National Bank of <br />Strasburg, now known as the Guaranty Bank & Trust ("Bank"), to secure a loan from the CWCB <br />pursuant to Contract No. C150010. <br /> <br />Accordingly, the CWCB terminates the Assignment, and releases the Bank from its obligations <br />established pursuant to the Assignment. <br /> <br />If you have any questions, please contact my assistant, Chad Henderson, at 303-866-3462. <br /> <br />Sincerely' . <1 <br /> <br />'~~R- <br /> <br />Mike Serlet, Chief <br />Water Supply Planning and Finance Section <br />for Rod Kuharich, Director <br /> <br />enclosure <br />cc: Columbine Ranches Property Owners' Association <br />Gilbert Y. Marchand, Jr., Esq. <br />vCWCB Contract File <br />CWCB Chrono File <br />