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<br />, ~ <br /> <br />Mr. John R. Fetcher <br /> <br />-3- <br /> <br />December 29, 1982 <br /> <br />Upper Yampa District, after it has contracted for the <br />sale of an additional 9,000 acre feet per annum, will <br />thereafter until such time as otherwise notified by <br />Colorado-Ute, use its best efforts to resell such water <br />to other users, and to credit Colorado-Ute for the <br />amounts of such re-sale. <br /> <br />It is understood by the Parties that if these concepts are <br />generally agreeable, the Parti~s will proceed to prepare and <br />execute contracts setting forth in detail the rights and <br />obligations of each party. Thts letter is subject to the approval <br />of the Boards of the Directors of the respective parties. Any <br />contract ~ntered into between the parties pursuant to this letter <br />shall also be subject to such approvals, as well as the approval <br />of any necessary regulating, ftnancing, or governing authority. <br /> <br />If the foregoing is satisfactory to you, please indicate your <br />acceptance by signing two copi~s of this letter and"returning one <br />of the copies to Colorado-ute. <br /> <br />Very truly yours, <br /> <br />~~ <br /> <br />President <br /> <br />.~ <br /> <br />1 /' <br /> <br />\/ J! I /1, ~> ~;~0.--~ ~)e/' )y);, y- '1 <br />Upper'Yarnpa ~ater Conier-~ancy Ci6~~ict ~ <br />~ I ,..,~c C~ <br />~ v~.(/.:..-- <br /> <br />t <br /> <br />GK/HSB/cml <br />Attachments <br />