Laserfiche WebLink
<br />" <br /> <br />Property Owners Association will pledge revenues from assessments as well as the water rights purchased <br />with this loan. The Association would be allowed the option of purchasing water rights with a bridge loan, <br />and then refmancing the purchase when the CWCB loan is approved. <br /> <br />. <br /> <br />Staff further recommends that fmal approval of the loan be conditioned upon acceptance of the project <br />(purchase of senior water rights for augmentation) and the associated fmancial obligations by a vote of the <br />members of the Association. Regardless of the water rights ultimately purchased, a written opinion of value <br />will be provided by the Borrower as a condition of obtaining the CWCB loan_ <br /> <br />cc: Laura Woods, CRPOA <br />Robert Longenbaugh, P.E. <br />Linda Bassi, AGO <br /> <br />Attachment <br /> <br />C:\ColumbineRancheslI98memo <br />L:\wctruns\boardmem\nov\24cnov98 <br /> <br />. <br /> <br />. <br /> <br />4 <br />