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r., � . <br />STATE OF COLORADO <br />Colorado Water Conservation Board <br />Department of Natural Resources <br />1313 Sherman Street, Room 721 <br />Denver, Colondo 80203 <br />Phone: (303) 866-3441 <br />Fax: (303) 866-4474 <br />www.cwcb.state.co.us <br />July 7, 2008 <br />Dan Crrant, Board Secretary <br />SLit.��� �ib2.+:I2a Bitch Co���,any <br />P.O. Box 1826 <br />Longmont, Colorado 80502 <br />RE: Knouth Reservoir Dam Reha.bilitation Proj ect — Loan Conditions <br />Contract Number C150265 <br />Dear Mr. Grant: <br />Bill Ritter, Jr. <br />Governor <br />Harris D. Sherman <br />DNR Executive Director <br />Jennifer L. Gimbel <br />cwcB Direccor <br />Dan McAuliffe <br />cwca D�uc� rnT�tm <br />Thank you for sending the Draft Memorandum of Understanding (MOU) between the Knouth <br />Reservoir Corporation participants. Once the Shareholder Agreement as identified in the MOU <br />is executed it will satisfy the CWCB loan condition: <br />Transfer of shares of storage in the Knouth Reservoir from the Knouth Reservoir Corporation to <br />Supply Irrigating Ditch Company for storage rights. <br />After that condition is met, we will still need verification of the Sta.te Engineer's approval of <br />construction plans prior to contracting. <br />Sincerely, <br />/ % � <br />Anna Mauss, P.E. <br />� Water Supply Planning and Finance Section <br />Colorado Water Conservation Board <br />Water Supply Protection • Watershed Protection & Flood Mitigation • Stream & Lake Protection • Water Supply Planning & Finance <br />Water Conservation & Drought Planning • Intrastate Water Management & Development <br />