Laserfiche WebLink
in thc ncxt 18 rnonths. The ecanamic recession and crash took many buyers out of the <br />water market in 2pp7. Riverside private water rights sold for $80.40Q. Our 10 shares af <br />Riverside and 1 share of Jackson wnuld have yielded us $880,000. Recently 3 shares <br />sald at auctiatt €or 542,5� pec share. Between aur water and legel fas wo could laave <br />paid �1,020,4U0 on our not�. <br />pifi�sr chc ruling our bQard had a hard time asking mem6ers who just found out iheir wells <br />would nevcr nm again for an assessment to pay legal fees. We consulted with our loSai <br />coumsct to see if we coutd sell wb,�t v++e cal%d the Smith Project, a well at thc river a�td <br />appmximately 2004 feet of pipelirne to aug pands to pay legal and enSineerin� costs• O�u' <br />counsci told us this project was not secured by vur note so we soid 'this to cover e�cpanscs. <br />Msny of the best and brightest farmers in the State of Colorado were affected bY this <br />deeisian. The fate of many of our mernbers ceads as an obituary: bankruptcies, <br />fareclos�u�cs, off-farrn jobs, zetirement gona. Only raembers that wells in aWW were e <br />sznatl percentage of their operation are able to enjoy these tugh cozzsmfldity priccs. <br />Our members fec! the same endty from engineers ai Northern tellinB us a11 �"►� n�d W'ss � <br />couple of wells at river and an aug well miies away repaying depletioas witi► pumPing af <br />wiuch at least'/: would not be repaid because of free river, to previous rula of wells 100 <br />feet from river beun,g conside�eed direct flow when in priority to having a deiay need to bc <br />rcplaced, to Judge's reversal of a decision pounding us into ablivion axe atl tha same <br />entity that loaned us the money — the Cmtat State of Colorado. We feCl the just thin8 to <br />da foz the State of Colorado is ta consider interest forbearance from 2(307 until the <br />gcesen�. VFIe believe even the State mislead naYve citixens into investing a million dollars <br />inta a pmject destined foz failure by the State. We would apprcciate Yotiu' consideration <br />far somc help in interest relief. <br />Sincerel <br />4��/�'�`' <br />Stevc Bruntx <br />President <br />pcphan Weils af Wiggins <br />._.. . .. <br />- ---._.. -- ---_. i <br />