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spreadsheet and testing the shared water bank concept using the data of potential water supplies provided by Thornton <br /> and South Adams. <br /> Another factor that has impacted the project schedule was the time commitment of part of the project team to prepare <br /> expert reports by June 15 for upcoming water court cases in 03CW404 and 03CW4442. This time commitment resulted <br /> in project delays, but also resulted in the ability to use the results of groundwater modeling and siting of recharge <br /> facilities prepared for those cases at no cost to the FRICO Alternative Agricultural Project. <br /> We are requesting an extension for project completion to March, 2011. This extension will allow the project team to <br /> conduct water leasing market experiments directly with the FRICO Board and shareholders, surveying of FRICO <br /> shareholders, detailed development of the shared water bank concept and surveying of additional M&I providers using <br /> the results of the FRICO shareholder surveys and water market experiments and shared water bank operations study. <br /> Please do not hesitate to call if you have any questions on the reimbursement request of the request for extension of <br /> the project completion date. <br /> E-mail sent on behalf of Manuel Montoya. <br /> Farmers Reservoir& Irrigation Co <br /> 303-659-7373 <br /> Manuel@FarmersRes.com <br /> Rose Murphy <br /> Farmers Reservoir&Irrigation Co <br /> Staff Accountant <br /> Phone: 303-659-7373 x29 <br /> Fax: 303-659-6077 <br /> 2 <br />