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<br />e <br /> <br />e <br /> <br />tit <br /> <br />RECEIVED <br />JAM 0 8 1998 <br /> <br />eo&orado WalBI <br />~tion Boat<! <br /> <br />B~~Y=r Reservoi~ Comcany~ Inc. <br />1404 4100 ~:oad <br />Paonia~ Colc~ado 81428 <br /> <br />January 6, 199a <br /> <br />Colorado Water CQns2~vation Board <br />Deo2~tment o~ Natural Resources <br />721 Centennial Building <br />!313 Sherman Street <br />Denver, Colorado 80203 <br />Attention: Mike Serlet <br /> <br />Re: Contract Number C-153705-Beaver Reservoir Rehabilitation <br />Project <br /> <br />Notice o~ Project Substantial Completion and Repayment <br />Schedule <br /> <br />Dear Mr. Serlet. <br /> <br />In rei'erence <br />Rehabilitation <br />the <br />$12.023.63 Tor interest durinoconstruction due <br />and roll this amount into the existing loan. <br /> <br />to Contract Number C-153705-Beaver <br />Project, we respectTully request that <br /> <br />Reservoir <br />you derer <br /> <br />December 1. 1997 <br /> <br />We are $30.193.37 short in como1etino the expenses"on the oroject <br />due to weather and the Tailure oT the original company to install <br />the liner thus increasino the cost oT EnoineerinQ. and the <br />construction OT Berms to prevent erosion. The Berms were not <br />Tiqured in the oriQinal contract. <br /> <br />As you know this Reservoir is owned by three Ditch Companies. <br />One o~ the Comoanies is unabl~ to Day their share at this time <br />and this would cause a hardship ~or the other two Companies to <br />piCK UP their share. <br /> <br />We will 20preciate <br />Companies operate in <br />sharehoiders. <br /> <br />doino <br />wi thc.ut <br /> <br />this it will let the <br />causing undue hardships <br /> <br />Ditch <br />to the <br /> <br />'lour <br />1998 <br /> <br />~:espectTully, <br /> <br />~~ <br /> <br />President <br />