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CORONA <br /> WATER LAW <br /> Craig V. Corona, Esq. <br /> 420 E.Main St.,Ste.210B <br /> Aspen,CO 81611 <br /> (970)948-6523 <br /> ccacraigcoronalaw.com <br /> July 24, 2018 <br /> Ms.Anna Mauss <br /> Colorado Water Conservation Board <br /> 1313 Sherman St. Room 718 <br /> Denver, CO 80203 <br /> Re: Missouri Heights-Mountain Meadow Irrigation Company <br /> Dear Ms. Mauss, <br /> This firm represents the Missouri Heights-Mountain Meadow Irrigation Company (the <br /> "Company") in legal matters. This letter is in reference to the Company's efforts to secure a loan <br /> from the CWCB for upcoming piping projects. At the Company's annual shareholder meeting on <br /> March 8,2018,the Board of Directors presented a proposal to the shareholders to borrow$300,000 <br /> from the CWCB for projects to pipe portions of its ditches and to increase shareholder assessments <br /> in order to pay the costs of such a loan. I understand the CWCB has offered a contract to complete <br /> the loan. <br /> It is my opinion that: <br /> 1. The loan contract has been duly executed by officers of the Company who are duly elected <br /> and are authorized to execute the loan contract and to bind the Company. <br /> 2. The resolutions of the Company authorizing the execution and delivery of the loan contract <br /> were duly adopted by the Company's board of directors and shareholders. <br /> 3. There are no provisions in the Company's articles of incorporation or bylaws or any state <br /> or local law that prevent the loan contract from binding the Company. <br /> 4. The loan contract will be valid and binding against the Company if fully executed. <br /> Please feel free to call me with any questions or concerns. <br />