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<br />, <br /> <br />MOSES, WITTEMYER, HARRISON AND WOODRUF'F', P. C. <br /> <br />Mike Serlet, P.E., Chief <br />October 28, 2002 <br />Page 2 <br /> <br />e <br /> <br /> 2001 2002 TOTAL <br />Legal $14,212 $145,770 $159,982 <br />Engineering $68,000 $ 75,903 $143,903 <br />Total $82,212 $221,673 $303,885 <br /> <br />As you can see LA WMA's total expenditures will be approximately $303,885.00, <br />Clearly, LA WMA has encountered significant and unexpected financial difficulty as a result of its <br />participation in this trial. While the deferral of LA WMA's May 2002 loan payment in the amount <br />of$122,000,00 under loan Contract No, C153715 freed-up some money for LA WMA to cover its <br />expenses in this case, LA WMA is still facing a cash flow deficit of approximately $181,885,00 as <br />a direct result of its participation in the trial. <br /> <br />Therefore, LA WMA hereby requests that the CWCB allow it to defer its: <br /> <br />1. May 2003 loan payment in the amount of $122,000,00 under loan Contract <br />No, C153715; <br /> <br />e <br /> <br />2. July2003 loan payment in the amount of$7,718.00 under loan Contract No, <br />C153756; and <br /> <br />3. November 2003 loan payment in the amount of $8,114.00 under loan <br />Contract No, C153768. <br /> <br />The deferral of these loan payments by the CWCB would :help LA WMA to continue to diligently <br />comply with the re-payment provisions of its loan contracts, Additionally, even if the above-stated <br />2003 CWCB loan payments are deferred, LA WMA is still facing a cash flow deficit of <br />approximately $44,000,00 as a result of its participation in the Kansas v, Colorado trial. <br />Consequently, LA WMA may need to request the deferral of some additional amounts due under its <br />CWCB loans in 2004 or seek other forms of financial assistance from the CWCB, <br /> <br />LA WMA truly appreciates the CWCB' s attention to this matter and its understanding <br />. of the incredibly difficult fmancial circumstances LA WMA is in given the direct role it has been <br />forced to play in the trial and given this year's drought conditions, Please feel free to contact us if <br />you have any questions or would like to discuss these matters, <br /> <br />e <br />