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CARLSON,HAMMOND&PADDOCK,L.L.C. <br /> ATTORNEYS AT LAW <br /> 1900 GRANT STREET, SUITE 1200 <br /> LEE H. JOHNSON DENVER, COLORADO 80203 JOHN UNDEM CARLSON <br /> KARL D. OHLSEN (1940-1992) <br /> MASON H. BROWN TELEPHONE(303)861-9000 <br /> JOHANNA HAMBURGER TELECOPIER(303)861-9026 WILLIAM A. PADDOCK <br /> KATRINA B. FISCELLA WWW.CHP-LAW.COM OF COUNSEL <br /> Sender's Email: <br /> MARY M <br /> mbrown@chp-law.com RE RETIRED IRAD EE <br /> May 9, 2018 <br /> Via Email& U.S. Mail <br /> Colorado Water Conservation Board <br /> Department of Natural Resources <br /> Attn: Peg Mason <br /> 1313 Sherman St., Room 718 <br /> Denver, CO 80203 <br /> peg.mason@state.co.us <br /> Re: Sanchez Ditch and Reservoir Company—Second Amendment to Loan Contract <br /> No. C150342 <br /> Dear Ms. Mason: <br /> Pursuant to paragraph 7 of the second Amendment to Loan Contract No. C150342, CMS <br /> No. 101518, please be advised as follows: <br /> 1. I am the attorney for the Sanchez Ditch and Reservoir Company, a Colorado nonprofit <br /> corporation. <br /> 2. The loan contract regarding the above referenced contract number has been duly executed by <br /> the officers of the Sanchez Ditch and Reservoir Company. The officers who have executed <br /> the loan contract have been duly appointed, and are authorized to execute the contract and to <br /> bind the Sanchez Ditch and Reservoir Company. <br /> 3. A resolution of the Sanchez Ditch and Reservoir Company authorizing the delivery of the <br /> above mentioned contract was duly adopted by the Sanchez Ditch and Reservoir Company's <br /> board of directors and stockholders. <br /> 4. There are no provisions in the Sanchez Ditch and Reservoir Company's articles of <br /> incorporation or bylaws, nor any state or local statute which would prevent the provisions of <br /> the above referenced contract from binding the Sanchez Ditch and Reservoir Company. <br /> 5. The above referenced contract amendment shall be valid and binding against the Sanchez <br /> Ditch and Reservoir Company if entered into by the Colorado Water Conservation Board. <br /> {00279854.DOC/1 ) <br />