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<br />. <br /> <br />. <br /> <br />. <br /> <br />111(,1\ U..J foJU IUl.. Vl'c..U III <br /> <br />ATTACHME!IT TO <br />Added~Agenda Item 23a <br /> <br />Glenn E. Por.i:ak <br />MiwlId ~. Drowning <br />Richard 1\. Johnson <br />George V. Bora. Jr. <br />S,"""n J. Bushong <br />Michael J. Repucci <br /> <br />Porzak Browning & JohnsOl.L u.r <br /> <br />ATTORNEYS -AT .LAW <br /> <br />929 Pearl SCreet, Suite 300 - Boulder, CO 80302 <br />303 443-6800 - fa. 303 443-6064 <br /> <br />W,.". lka k:r~Fnjewicz: <br />Julie Schoenfeld <br />Kathleen M. Mo,!:>n <br /> <br />March 3,1998 <br /> <br />Of Counsel: <br />Neil C. King. P,C. <br /> <br />VIA FACSIMTLE "03\ 866-4474 <br />Mr. William P. Stanton, P.E. <br />Chicf, Planning and Construction Section <br />Colorado Ware! Conservation Board <br />Denver, CO 80203 <br /> <br />Re: Eagle Park ReseIVoir Loan <br /> <br />Dear Mr. Stanton: <br /> <br />Please be advised that the Eagle Park Reservoir Company expects to close under its <br />agreement with Climax Molybdenum Company for the purchase of the Eagle Park Reservoir, <br />and all related facilities, easements, pennits and appUrtenances, in the sununer of 1998, <br />provided that all closing contingencies have been satisfied. It is our understanding that <br />$4.0 million of the total amount authorized for !he Colorado Water Conservation Board loan <br />to the Eagle ParI< Reservoir Company for the purchase of the reseIVoir is from the Severance <br />Tax Trost Fund Perpetual Base Account for disbursement in !he fiscal year ending on <br />June 30, 1998. <br /> <br />.- ~ <br />~,. <' <br />.~) v f' <br />As there is the possibility that our agreement with Climax Molybdenum may not Lfi ,10 '" ~~< <br />close until after ]Wle 30th of this year, we would like to request. an amendment to the current -\0 ~ r.\ <br />CWCB legislation, HB98-1189, to extend the SJ.O million authorization from the Severance 4-.~,1., c "'- <br />Tax Trust Fund Perpetual Base AccOWlt for the Eagle Park Reservoir loan to Fiscal Year ' , \ <br />1998-1999 or to eJiminRte the fiscal year restriction. ~' <br /> <br /> <br />cc: <br /> <br />GleM Porzak <br />Dermis Gelvin <br />Richard MacCutcheon <br />Brian Nazarenus <br />Frederick Sackbaucr <br />P..ul Tc~idc <br />