Laserfiche WebLink
<br />oct 11 2005 9:21AM <br /> <br />GILBERT MARCHAND PC <br /> <br />3034445901 <br /> <br />p.2 <br /> <br />October 11, 2005 <br /> <br />. K~~- )J~v'1_J ~^~ <br />s-A'w,ry cJv'''7u ~ <br />! tl )'))1) r- vl"'I/~ <br /> <br />Colorado Water Conservation Board <br />Water Supply Planning and Finance Section <br />clo Chad Henderson <br />1580 Logan Street, Suite 750 <br />Denver, CO 80203 <br />fax: 303-894-2578 <br /> <br />Re: CWCB Contract No. C150010A: Payoff of Loans and Release of AD <br />Security Interests <br /> <br />Dear Chad: <br /> <br />As you. know from our phone conversations, I am the attorney representing <br />Columbine Ranches Property Owners Association e'CRPOA") with respect to the proposed payoff <br />ofthe above-referenced loans in connection with the proposed sale of some of the water rights that <br />are pledged as part of the collateral for those loans. The purpose of this letter is to confirm: consent <br />of the Colorado Water ConservatiQnBoard ("CWCB") to CRPOA's proposed sale of water rights; <br />CRPOA's proposed payoff of its loans; and CWCB's release of its security interests in the water <br />rights pledged as collateral for the loans. <br /> <br />CONSENT TO SALE OF WATER RIGHTS <br /> <br />The funds to be used by CRPOA to payoff the loans are being generated in large part <br />by the sale of water rights, including the following water rights that are pledged as collateral for <br />CRPOA's loans: <br /> <br />. 5 shares of the capital stock of the Fanners Reservoir and Irrigation <br />Company represented by stockcertifjcate number 7671; <br /> <br />. 3 shares out of 11 shares of the capital stock of the Burlington Ditch, <br />Reservoir and Land Company represented by stock certificate number 3743; <br /> <br />. 3 shares out of 11 shares of the capital stock of the Wellington Reservoir <br />Company represented by stock certificate number 1378; and <br /> <br />. 3 shares out of 11 shares of the capital stock of the Brighton Lateral Ditch <br />Company represented by stock certificate number 353. <br />