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STATE OF COLORADO <br />Colorado Water Conservation Board <br />Department of Natural Resources <br />1313 Sherman Street, Room 721 <br />Denver, Colorado 80203 <br />Phone: (303) 866-3441 <br />Fax: (303) 866-4474 <br />www. cwcb. state. co. us <br />January 31, 2014 <br />Mr. Leonard Arnold <br />Big Elk Meadows Association <br />P.O. Box 440 <br />Lyons, Colorado 80540 <br />Re: Loan Payment Deferral Request <br />Big Elk Meadows Association - C150327 <br />Dear Mr. Arnold: <br />John W. Hickenlooper <br />Governor <br />Mike King <br />DNR Executive Director <br />James Eklund <br />CWCB Director <br />I am pleased to inform you that on January 27, 2014 the Colorado Water Conservation Board <br />approved your request for a Loan Payment Deferral. The Board approved the deferral of three <br />years of loan payments and also stopped interest charges for three years to help offset the <br />Association's financial burden related to the September 2013 Floods. The CWCB will initiate the <br />loan contract am�endment process to reflect a deferral. In addition, the Board requires the Deed of <br />Trust to be amended to precisely describe the 40 acres that is the collateral pledged for this loan. <br />Attached please find an updated Board Memo and the associated attachments. <br />If you have any question regarding the contracting process you can contact Peg Mason at (303) <br />866-3441 x3227. <br />Sincerely, <br />� -- <br />Kirk Russell, P.E., Chief <br />Finance & Administration Section <br />Attachment: Updated Board Memo <br />E-mail Copy (Including Attachments) <br />Diane Hoppe, CWCB Board Member — South Platte River Basin <br />CWCB Finance Section Staff <br />Interstate Compact Compliance • Watershed Protection • Flood Planning & Mitigallon • Stream & Lake Protection <br />Water Project Loans & Grants • Water Modeling • Conservation & Drooght Planning • Water Supply Planning <br />