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<br />STATE OF COLORADO <br /> <br />Colorado Water Conservation Board <br /> <br />Department of Natural Resources <br />1313 Sherman Street, Room 721 <br />Denver, Colorado 80203 <br />Phone: (303) 866-3441 <br />FAX: (303) 866-4474 <br />www.cwcb.state.co.us <br /> <br /> <br />MEMORANDUM <br /> <br />Bill Owens <br />Governor <br /> <br />TO: <br /> <br />Bob Jaros, Deputy State Controller <br /> <br />Russell George <br />Executive Director <br /> <br />FROM: <br /> <br />Vaughn McWilliams, Colorado Water Conservation Board <br /> <br />Rod Kuharich <br />CWCB Director <br /> <br />DATE: <br /> <br />November 9,2006 <br /> <br />Dan McAuliffe <br />Deputy Director <br /> <br />SUBJECT: <br /> <br />Request for approval of changes to waived contract C 150229 <br /> <br />Enclosed is the loan contract (waived 11/10/03) and related red line that I prepared for the Logan <br />Irrigation District. The CWCB approved this loan with the condition that the borrower and its <br />two cooperating entities enter into an Owners' Agreement outlining how they will repay the <br />loan. The Loan Contract refers to this agreement in paragraph 8(g) on page 4. <br /> <br />Also, since an irrigation district is a quasi-governmental entity, another minor change was made. <br />On page 3, paragraph 8(c), the description of Borrower's pledge of revenues is changed from a <br />rate covenant to revenue assessments. The revenue assessments language has been used in <br />previous contracts. <br /> <br />This is to request your review of the contract and approval for the above changes to this contract <br />so that it can be processed as a waived contract. <br /> <br />Please contact me at x3462 if you have any questions regarding these modifications. <br /> <br />Flood Protection. Water Supply Planning and Finance. Stream and Lake Protection <br />Water Supply Protection. Conservation and Drought Planning <br />