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<br />Glenn I:. Porzak <br />Michael F. Browning <br />Richard A. Johnson <br />George V. Berg, Jr. <br />Steven J. Bushong <br />, Michael J. Repucci <br /> <br />Porzak Browning & Johnson LLP <br /> <br />AT TOR N E Y S . A T .L A W <br /> <br />929 Pearl Street; Suite 300 . Boulder, CO 80302 <br />303 443-6800 . Fax 303 443-6864 <br /> <br />August 12, 1998 <br /> <br />.ranis S. Illian, Esq. <br />Contract Administrator <br />Colorado Water Conservation Board <br />1313 Sherman Street, 721 Centennial Bldg. <br />Denver, CO 80203 <br /> <br />Linda J. Bassi, Esq. <br />Assistant Attorney General <br />1525 Sherman Street, 5th Floor <br />Denver, CO 80203 <br /> <br />~/5'3gv2-1 <br /> <br />, Wm. Ike Krasniewicz <br />I Julie Schoenfeld <br />I Kathleen M. Morgan <br /> <br />Of Counsel: <br />Neil C. King, P.c. <br /> <br />RECEIVED <br />AUG J 4 1998 <br /> <br />Colorado Water <br />Conservation Board <br /> <br />Dear Jan and Linda: <br /> <br />The Eagle Park Reservoir loan documents you transmitted to me on July 2211998 are <br />:fine, with the exception of the property descriptions in the Water District and Auth6rity deeds of <br />1truSt. The versions you sent repeated the property description in the Vail Associatek' deed of <br />I <br />'trust. I have enclosed the property descriptions with all attachments thereto. Also, iY' ail <br />Associates will be in touch with you directly as to how it plans to address the debt service reserve <br />:fund. <br /> <br />In addition, I have enclosed pursuant to youI' request, (1) the bylaws of the If-eservoir <br />Company, (2) the Resolutions authorizing the CWCB loan, (3) the Eagle Park Reservoir <br />Purchase and Sale Agreement, and (4) the Eagle Park Reservoir Purchasers' Agreethent. <br /> <br />Finally, we are tentatively scheduling the closing for August 28, 1998, if thlt works for <br />you. Also, please hold the evening of September 29, 1998 for a ce~ebration dinner in Vail to <br />which you, Bill Green and others will be invited. <br /> <br />Please call me if you have any additional questions or need any further documentation. <br /> <br />Best wishes, I <br /> <br />~ <br /> <br />Glenn E. Porzak <br /> <br />Enclosures <br />GC w/enc1.: Bill Green <br /> <br />1'<13108 <br /> <br />" <br />