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Riverside Ditch and Allen Extension Company <br /> P.O.Box 892, Buena Vista,Colorado 81211 <br /> 719-395-2061 <br /> August 24,2015 <br /> Mr. Kirk Russell, P.E.,Chief <br /> Finance Section <br /> Colorado Water Conservation Board <br /> 1313 Sherman St. Room 718 <br /> Denver, CO 80203 <br /> Re: Phased Canal Improvement Project <br /> Loan Contract"Time of Performance" Increase <br /> Contract Number CT2015-050 (C150301) <br /> Mr. Russell, <br /> Thank you and Anna Moss for meeting with members of the board of the Riverside Ditch <br /> and Allen Extension Company and a representative from the NCRS on July 31, 2015.We <br /> understand from your letter of August 13, 2015 that in order to extend and receive the full <br /> amount of funds previously approved for our ditch improvement loan,the CWCB requires <br /> certain additional documentation. <br /> Per your written request, I have enclosed our company financial statements for years <br /> ending 2013 and 2014, (item 1 requested).You will see that we remain a viable company. <br /> I have also enclosed a letter from Mike Taylor of the NCRS explaining the proposed project <br /> schedule, (item 2 requested). <br /> Also enclosed is our overdue interest payment to bring our account current, (item 4 <br /> requested). <br /> We appreciate and look forward to the CWCB reviewing and approving our plans, <br /> specifications,bid documents and contractor selection prior to the Company proceeding <br /> with additional work on the Riverside Ditch, (item 3 requested). <br /> Please let me know if there is any further information required to obtain approval of our <br /> extension request. <br /> Cordially, <br /> L ra Berchert <br /> President Board of Directors <br /> Riverside Ditch and Allen Extension Company <br /> Cc: Patricia Casey,Treasurer <br /> Pete Neidecker,Vice President <br />