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<br />. <br /> <br />Staff further recommends that: <br /> <br />I. The authorization will not commit the Colorado Water Conservation Board to <br />providing any additional funding for the Company's system rehabilitation program. <br /> <br />2. The board of directors of the Windsor Reservoir and Canal Company will adopt, and <br />the Company's shareholders will approve, an increase in assessments to provide <br />adequate debt service coverage for the new loan and for all existing loans. <br /> <br />3. The board of directors and the shareholders of the Windsor Reservoir and Canal <br />Company will adopt a resolution or resolutions approving the loan, the pledge of <br />revenues and the conveyance of a security interest in the three reservoirs. <br /> <br />Attachments <br /> <br />Cc: Elmer Gustafson, WRCC <br />Don Engel, WRCC <br />Duane Smith, Smith Geotechnical <br />Linda Bassi, AGO <br /> <br />. <br /> <br />. <br /> <br />5 <br />