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1 <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 .uden, Jack Hendricks, Ed Loloff, Mary Chestnut, ckhardt were <br /> present. Lester Stroh was absent. <br /> Old Bus ness: <br /> 1. M.nutes of the 1992 annual meeting of the o L Ditch Co pany <br /> w-re read and approved. <br /> 2. Tr' easurer's Report: All bills have been paid. Thereof <br /> $.,346.83 on hand. <br /> 3. R-placing Tile Line: It was reported that the ASCS has approved $72 500, <br /> ich is one-half the estimated cost of the project. The total co-t is <br /> e-timated at $145,000. The grant can be up to but no more than $11 ,000 <br /> .!-r shareholder. The Colorado Water Conservancy Board has allo,ated <br /> $! 1,500 for the project, at 5% interest for 40 years. We are now react' to <br /> •� oceed with the loan contract. The ASCS office will do a inal <br /> - gineering report. When that is done the project can be put ou. for <br /> • ds. <br /> New Bu ' ness: <br /> 1. r was discussed whether to tile from the end of the old line east o Ed <br /> •loff and Lester Stroh's tile line at the same time we replace th, old <br /> ine. It was moved by Ed Loloff and seconded by Mary Chestnut th. t we <br /> sable this matter. Motion carried. <br /> 2. :lection of Board Members: It was moved by Mary Chestnut and second-d by <br /> cid Loloff to elect J.D. (James D.) Eckhardt as President, Lester Stroh as <br /> •irst Vice-President, and Mary Chestnut as Second Vice-President. Motion <br /> •arried. <br /> 3. It was moved by Mary Chestnut and seconded by Ed Loloff to authoriz- the <br /> !resident, J.D. (James D.) Eckhardt to proceed with loan application <br /> requirements and to enter into the loan contract with the Colorado ater <br /> lonservancy Board. Motion carried. <br /> 4. r. Eugene Frisk has relinquished his Stock Certificates in the amo t of <br /> Iwo shares in the Loloff Lateral Ditch Company to the Loloff Lateral .itch <br /> lompany. <br /> 5. t 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 carries . <br /> As the,e was no further business to come before the Board, it was moved b Mary <br /> Chestn ,t and seconded by Jack Hendricks to adjourn the meeting. Motion ca ied. <br /> Respec fully submitted, <br /> Fred C Herbst, Secretary <br /> The abive is a true and accurate copy of the minutes -of the Loloff Lateral Ditch <br /> Compan' . The meeting was held on March 8, 1993. <br /> Fred C Herbst, Secretary <br />