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r � <br /> A meeting of the Loloff Lateral Ditch Company was held at the home of J.D. <br /> Eckhardt on March 8, 1993. The meeting was called to order by the president, <br /> J.D. Eckhardt, at 7:10 p.m. <br /> Robert Suden, Jack Hendricks, Ed Loloff, Mary Chestnut, and J.D. Eckhardt were <br /> present. Lester Stroh was absent. <br /> Old Business: <br /> 1. Minutes of the 1992 annual meeting of the Lolof:r'° 1' • h Company <br /> were read and approved. <br /> 2. Treasurer's Report: All bills have been s There is' ance of <br /> $5,346.83 on hand. : k�,! <br /> f' i <br /> 3. Replacing Tile Line: It was reported that the A S ' p o -d ,500, <br /> which is one-half the estimated cost of the projec . r" a ; ost is <br /> estimated at $145,000. The grant can be up to but no mor- F $, 0,000 <br /> per shareholder. The Colorado Water Conservancy Board has a cated <br /> $71,500 for the project, at 5% interest for 40 years. We are now ready to <br /> proceed with the loan contract. The ASCS office will do a final <br /> engineering report. When that is done the project can be put out for <br /> bids. <br /> New Business: <br /> 1. It was discussed whether to tile from the end of the old line east to Ed <br /> Loloff and Lester Stroh's tile line at the same time we replace the old <br /> line. It was moved by Ed Loloff and seconded by Mary Chestnut that we <br /> table this matter. Motion carried. <br /> 2. Election of Board Members: It was moved by Mary Chestnut and seconded by <br /> Ed Loloff to elect J.D. (James D. ) Eckhardt as President, Lester Stroh as <br /> First Vice-President, and Mary Chestnut as Second Vice-President. Motion <br /> carried. <br /> 3. It was moved by Mary Chestnut and seconded by Ed Loloff to authorize the <br /> President, J.D. (James D.) Eckhardt to proceed with loan application <br /> requirements and to enter into the loan contract with the Colorado Water <br /> Conservancy Board. Motion carried. <br /> 4. Mr. Eugene Frisk has relinquished his Stock Certificates in the amount of <br /> two shares in the Loloff Lateral Ditch Company to the Loloff Lateral Ditch <br /> Company. <br /> 5. It was moved by Ed Loloff and seconded by Robert Suden to keep the <br /> assessments at $75.00 per share for the 1993 season. Motion carried. <br /> As there was no further business to come before the Board, it was moved by Mary <br /> Chestnut and seconded by Jack Hendricks to adjourn the meeting. Motion carried. <br /> Respectfully submitted, <br /> Fred C. Herbst, Secretary <br /> The above is a true and accurate copy of the minutes of the Loloff Lateral Ditch <br /> Company. The meeting was held on March 8, 1993. <br /> Fred C. Herbst, Secretary <br /> (3 a / <br />