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<br />. <br /> <br />. <br /> <br />.. <br /> <br />Regarding RMI's agreed upon items, we have not yet received a letter of commitment <br />from Red Cedar and there has been no progress as to any construction clean-up tasks <br />being completed, <br /> <br />The CWCB staff has contacted the Southern Ute Tribe and is proceeding towards the <br />acquisition of the project right-of-way, Staff will not commence drafting the 3-party <br />agreement until PMRCA has exhausted their futile effort to acquire grant funds, Staff <br />has referred PMRCA to the Blue Lake Homeowners Association near EI lebel, which <br />has tried to acquire grant funds unsuccessfully from over 60 sources, <br /> <br />Staff will continue to encourage and guide PMRCA and RMI to complete the project by <br />the loan contract deadline of October 9, 1999, At that time, Interest During Construction <br />on $173,000 will be due and PMRCA's annual payments will commence one year later. <br />