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STATE OF COLORADO <br /> Colorado Water Conservation Board <br /> Department of Natural Resources ,Mgt <br /> 1313 Sherman Street <br /> Denver,Colorado 80203 <br /> Phone: (303)866-3441 ��-- <br /> FAX: (303)866-4474 <br /> Bill Owens <br /> Governor <br /> Greg E.Watcher <br /> Executive Director,DNR <br /> Peter H.Evans <br /> Director,CWCB <br /> June 2, 1999 <br /> Mr. Don Higbee <br /> Lower Arkansas Water Management Association <br /> Box 1161 <br /> Lamar, CO 81052 <br /> Re: Loan Contract No. C153768 <br /> Dear Mr. Higbee: <br /> On May 25, 1999, the Colorado Water Conservation Board approved a requested <br /> amendment to Loan Contract No. C153768 to allow the purchase by LAWMA of any <br /> combination of shares in the Amity Mutual Irrigation Company, the Fort Bent Ditch <br /> Company, the Highland Irrigation Company, and the Las Animas Consolidated Canal <br /> Company up to the limit of funds available under the contract. All shares purchased must <br /> be pledged as collateral for the loan with the exception of one share of the Las Animas <br /> Consolidated, which would be traded for Highland shares. <br /> Please coordinate with Jan Illian of this office on the contract amendment. <br /> Sincerely <br /> Michael G. Serle , P.E. <br /> Chief, Project Planning and Construction Section <br /> Cc: Harold Miskel, Board Member <br /> Peter Evans <br /> Dan McAuliffe <br /> Bill Green <br /> Jan Illian <br />