C153656 Paid in Full Contract

• Contract/PO #: C153656
• Contractor Name: Loloff Lateral Ditch Company
• Contract Type: Loan
• County: Weld
• Loan Projects - Doc Type: Contract Documents

A meeting of the Loloff Lateral Ditch Company was held at the home of J.D.
Eckhardt on March 8, 1993. The meeting was called to order by the president,
J.D. Eckhardt, at 7:10 p.m.
Robert Suden, Jack Hendricks, Ed Loloff, Mary Chestnut, and J.D. Eckhardt were
present. Lester Stroh was absent.
Old Business:
1. Minutes of the 1992 annual meeting of the Loloff Lateral Ditch Co pany
were read and approved.
2. Treasurer's Report: All bills have been., paid + h. e is a balan.e of
$5,346.83 on hand. '
3. Replacing Tile Line: It was reported t e ASS •=' -d $72 500,
which is one-half the estimated cost • 'ect. %tal co:.t is
estimated at $145,000. The grant can' so more than $10,000
per shareholder. The Colorado Water r• has allo.ated
$71,500 for the project, at 5t interest for 4. s e • rea.y to
proceed with the loan contract. The ASCS o fi - 1 o a inal
engineering report. When that is done the project c- ' .u) out for
bids.
New Business:
1. It was discussed whether to tile from the end of the old line east o Ed
Loloff and Lester Stroh's tile line at the same time we replace the old
line. It was moved by Ed Loloff and seconded by Mary Chestnut th-t we
table this matter. Motion carried.
2. Election of Board Members: It was moved by Mary Chestnut and seconded by
Ed Loloff to elect J.D. (James D.) Eckhardt as President, Lester Str•h as
First Vice-President, and Mary Chestnut as Second Vice-President. Motion
carried.
3. It was moved by Mary Chestnut and seconded by Ed Loloff to authoriz the
President, J.D. (James D.) Eckhardt to proceed with loan applic•:tion
requirements and to enter into the loan contract with the Colorado ' ater
Conservancy Board. Motion carried.
4. Mr. Eugene Frisk has relinquished his Stock Certificates in the amo t of
two shares in the Loloff Lateral Ditch Company to the Loloff Lateral *itch
Company.
5. It was moved by Ed Loloff and seconded by Robert Suden to kee• the
assessments at $75.00 per share for the 1993 season. Motion carries .
As there was no further business to come before the Board, it was moved by Mary
Chestnut and seconded by Jack Hendricks to adjourn the meeting. Motion car ied.
Respectfully submitted,
Fred C. Herbst, Secretary
The above is a true and accurate copy of the minutes of the Loloff Lateral pitch
Company. The meeting was held on March 8, 1993.
Fred C. Herbst, Secretary
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