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<br /> <br />APPENDIX A <br /> <br />COUGHLIN &8a. <br /> <br />INVESTMENT BANKERS <br />Member Midwest Stock Exchange. Inc. <br /> <br />1200 First National Bank Bldg. <br />Denyer, Colorado 80202 . (303) 623-3000 <br /> <br />Re: Loan Application by <br />The Ridges Metropolitan District <br /> <br />December 12, 1980 <br /> <br /> <br />!o>~9.tM '. <br />'. 0 . ,::..J~'r- <br /><';.' '('C./ .~ J t,c"11'o... <br />...... S rr.. ,....... <br />Co!\( (:O~ >--. 1980 /. f/ <br />;s'(til Q /-,':.".1 <br />/1'..... .',. .' <br />'J 1/04' 1 (i( '<5 <br />8o-1~" <br /> <br />Mr. J. William McDonald, Director <br />Colorado Water Conservation Board <br />823 State Centennial Bldg. <br />1313 Sherman St. <br />Denver, CO 80203 <br /> <br />Dear Mr. McDonald: <br /> <br />I am writing this letter as investment banker to The Ridges <br />Metropolitan District. Coughlin & Co., Inc. has served in that capacity <br />since the District's inception. We have provided input for the District's <br />service plan under which it was approved by the Mesa County Commissioners. <br />In the last several years, we have assisted that District in issuing <br />bonds to finance certain public improvements within the District. <br /> <br />Our experience with the District has been extremely favorable in <br />that we find it to be well-managed, both from a development and <br />financial perspective. Extensive efforts have gone into budgeting and <br />tracking costs on an annual basis. We have been able to provide some <br />assistance to the District in this regard. The District's program has <br />progressed as projected at the time bonds were issued, and no financial <br />difficulties have been experienced to date. <br /> <br />Unfortunately, as you are well aware, today's high interest rates <br />and the condition of the bond markets in general preclude this District <br />from raising funds in the manner in which it has done so in the past. <br />Accordingly, we can strongly urge your approval of the District's loan <br />application which they have submitted. Should you have any further <br />questions concerning our involvement with the District, please do not <br />hesitate to call me. <br /> <br />Sincerely, <br /> <br />DBSjdsc <br /> <br />COFHLIN & CO., ~ <br /> <br />~\/;; w-IL-I ~"6z-&-7 <br /> <br />D. Brooks Sweeney <br />Vice President <br /> <br />APPENDIX A <br />