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<br />'--. .~ <br /> <br />Mr. Steve Witte <br />May 17,2000 <br />Page 3 <br /> <br />recorder and the rated section with a flow recording device near the downstream <br />toe of the dam. <br /> <br />b. Installation of new gates at the Furness Arroyo waste way will be completed by <br />about May 22, 2000. <br /> <br />c. Installation of the flow recording device at the flume at Earl will be completed by <br />about May 22,2000. <br /> <br />d. The reservoir area capacity survey will be completed and submitted to the State by <br />May 5, 2000. <br /> <br />e. Installation of a flume or engineered channel section downstream of the Furness <br />Arroyo waste way will be completed by about June 30,2000. <br /> <br />f. The schedule for the canal loss study will depend on the availability of the State <br />Hydrographer staff <br /> <br />10. Upon completion of the work described in paragraphs 9.a., 9.b., and 9.c. above, Model <br />may resume its nonnal operation of the Model Ditch system in accordance with the <br />provisions of Rule 10 of the State Engineer's Rules and Regulations for Dam Safety and <br />Dam Construction. <br /> <br />11. We understand that your office will not object to the disbursement of loan funds by the <br />Colorado Water Conservation Board to Model in accordance with standard procedures, <br />including final payment upon satisfactory completion of the work described in paragraphs <br />9.a. through 9.e. above; except that the final $50,000 in loan funds will be released in <br />accordance with the following schedule: <br /> <br />a. Release of $30,000 will be approved upon satisfactory completion of the work <br />described in paragraphs 9.a., 9.c. and 9.d. above. <br /> <br />b. Release of$15,000 will be approved upon satisfactory completion of the work <br />described in paragraph 9.b. above. <br /> <br />c. Release of the final $5,000 will be approved upon satisfactory completion of the <br />work described in paragraph 9.e. above. <br /> <br />Could you please indicate to me in writing at your earliest convenience whether this letter <br />accurately summarizes our agreement to satisfy the condition of the pending Colorado Water <br />