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'�`14 13 440,4 T Bull Creek Reservoir Company <br /> PO Box 25 <br /> Molina, CO 81646 <br /> 7/1/13 <br /> Colorado Water Conservation Board <br /> Attn: Kirk Russell <br /> 1580 Logan St., Suite 600 <br /> Denver, Colorado 80203 <br /> Re: 2013-2 Quarterly Report <br /> Dear Mr. Russell, <br /> There are no significant developments to report. Shareholders seem increasingly willing to pay the high <br /> assessments necessary to make the CWCB loan payments and maintain and improve infrastructure. <br /> BCRC is working on a three year plan to raise the value of its infrastructure by making needed repairs <br /> and upgrades. The market for BCRC shares or assets is currently minimal to non-existent. <br /> Please call me at 970-268-5561 or email me at iwgworld @yahoo.com if you have any questions. <br /> Cvtz 67- <br /> John W. Groo, Secretary/Treasurer <br />