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RECEWED <br /> JAN 2 7 2014 <br /> Union Ditch Company Colorado Water <br /> Donna L. Coble, Secretary Conservation t- <br /> P.O. Box 445 3005 W. 29th Street, Suite G1 <br /> Greeley, CO 80632 Greeley, CO 80631 <br /> (970) 353-6121 <br /> (970) 353-9703 (fax) <br /> ditchoffice @gwestoffice.net <br /> January 23, 2014 <br /> Peg Mason, Contracts Manager <br /> Colorado Water Conservation Board <br /> Department of Natural Resources <br /> 1313 Sherman Street, Suite 721 <br /> Denver, CO 80203 <br /> Re: Loan Contract C150381 <br /> Dear Ms. Mason: <br /> Union Ditch Company will not be accepting the loan under Loan Contract <br /> C150381 made available under the emergency loan program from the CWCB. The <br /> total repair costs were considerably less than anticipated and the stockholders <br /> determined they would rather pay for the repairs outright than to utilize the emergency <br /> loan. <br /> The Company appreciates the CWCB making the emergency loan available at <br /> such favorable terms. Had the cost of repairs been greater for Union Ditch, the <br /> emergency loan would have helped a great deal. Hopefully, other companies were able <br /> to utilize the loans. <br /> Union Ditch Company appreciates your assistance with the loan, and thanks you <br /> for your help. If the Company has a need for a loan in the future, we look forward to <br /> working with you again. <br /> Yours very truly, <br /> UNION DITCH COMPANY <br /> Donna L. Coble <br /> Secretary <br />