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<br />C.R. Evans <br />Excelsior Irrigating Company <br />231 Nyberg Rd. <br />Pueblo, CO 81006 <br />9 September 2003 <br /> <br />Bruce Johnson <br />Colorado Water Conservation Board <br />1313 Sherman St., Rm. 721 <br />Denver, CO 80203 <br /> <br />RECE\VED <br />SEll 11 2003 <br /> <br />tetom,do weter CcnsetV~tiQ(l Beard <br /> <br />Dear Mr. Johnson: <br /> <br />This request is being made on behalf of the Excelsior Irrigating Company to amend two <br />loan contracts currently held with the CWCB. There are 785 shares under contract from <br />C.R. Evans to the Arkansas Groundwater Users Association; this sale will necessitate <br />modification of the two loans. <br /> <br />With regard to Loan Contract C 153 748, the assessments currently being paid by C.R. <br />Evans against 785 shares will be transferred and assumed by AGUA. <br /> <br />With regard to Loan Contract C153797, we request that the 785 shares mentioned above <br />bnek:ased from obligation on this contract. The assessments for the entire loan <br />obligation will be paid by the remaining 1091 shares retained by C.R. Evans. <br /> <br />We hope these requests meet with your approval. <br /> <br />Sincerely, <br /> <br />C f, L-o <br /> <br />C.R. Evans <br />Vice President <br />Excelsior Irrigating Company <br />