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CLAY AND DODSON,P.C. <br /> Attorneys at law <br /> 415 Palmer St. <br /> P.O. Box 38 <br /> Delta CO 81416 <br /> (970)874-9777 <br /> fax(970)874-7224 <br /> aaronclay(a)gwestoffice.net <br /> May 2, 2016 <br /> Colorado Water Conservation Board <br /> Denver CO <br /> Re: Orchard Ranch Ditch Company <br /> To Whom It May Concern: <br /> This office represents the Orchard Ranch Ditch Company. We have the following <br /> information and opinions for you: <br /> 1. The Orchard Ranch Ditch Company is a mutual ditch company,organized under the laws <br /> of the State of Colorado as a non-profit corporation. Its purpose is to deliver irrigation water to its <br /> members. <br /> 2. The Company has the legal power to incur debt. Its Board of Directors has the power to <br /> encumber all assets of the company, including but not limited to its water rights. <br /> 3. There are no limitations on the Company's ability to borrow funds. <br /> 4. The entity is a non-profit entity under state and federal law and pays no income tax. <br /> 5. There are no actions, claims, or suits pending before any court or administrative agency <br /> which could adversely affect the financial condition or operation of the Company. <br /> 6. The resolutions of the Company authorizing the execution and delivery of the Contract <br /> were duly adopted by the shareholders. <br /> 7. The Contract will be valid and binding against the Company if entered into by the <br /> CWCB. <br /> Sincerely, <br /> Aaron R. Clay <br />