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<br />. <br /> <br />. <br /> <br />. <br /> <br />MOSES, WITTEMYER, HARRISON AND WOODRUFF, P. C. <br /> <br />LAW OPFICES <br /> <br />1002 WALNUT STREET, SUITE 300 <br /> <br />DAVIe 1... HARRISON <br />.JAMES R. MONTGOMERY <br />TIMOTHY ..I, BEATON <br />VERONICA A. SPERLING <br /> <br />BOULDER, COLORADO 80302 <br /> <br />CHARLES N. WOODRUFF <br />(1941,'995) <br /> <br />TEl..EPHONE: (.3031443-8782 <br />FAX: (303) 443-8795 <br /> <br />COUNSEL <br />RAPHAEL oJ. MOSES <br />.lOHN WITTEMYER <br /> <br />GILBERT Y. MARCHAND, .JR. <br />AME:LIA S. Wl-tlT1NG <br />KELLY oJ, CUSTER <br />KEVIN J. KINNEAR <br /> <br />ADDRESS CORRESPONDENCe: TO: <br />P. O. BOX 1440 <br />BOULOER, co 90306-1440 <br /> <br />SPECIAL COU NSEL <br />HUNTLEY STONE <br /> <br />March 24, 1999 <br /> <br />Peter H. Evans, Director <br />Colorado Water Conservation Board <br />1313 Sherman Street <br />Denver, CO 80203 <br /> <br />Re: Loan Contract C153678, Lower Arkansas Water Management <br />Association <br /> <br />Dear Mr. Evans: <br /> <br />Following up on LAWMA's oral request that the CWCB release <br />three of the eight wells held as collateral for Loan Contract <br />C153678 and the CWCB's preliminary response, this letter is to <br />formally request that the CWCB release the following three wells as <br />security for Loan Contract C153678: <br /> <br />(1) Flint Well No.1, . Number 24158-RF, NE~NE~; section 10, <br />T23S, R73Wi <br /> <br />(2) Flint Well No.2, Number 24467-F, NW~NE~, section 10, <br />T23S, R43Wi <br /> <br />(3) Hardin Well, Number 019792-F, NW%NW~, section 11, T23S, <br />R43W. <br /> <br />These three wells, together with the other five wells that are <br />pledged as collateral for Loan Contract C153678, were acquired by <br />LAWMA some time ago as part of the Buffalo Project. LAWMA no <br />longer operates the Buffalo Project. The owners of the land on <br />which the three wells described above are located has requested <br />LAWMA to convey the wells to them since the wells are no longer <br />being used as part of the project. LAWMA has no objection to this, <br />but has advised the property owners that the release of these wells <br />as collateral for Loan Contract C153678 is necessary. <br /> <br />I understand from my discussions with CWCB staff that LAWMA <br />has paid down Loan Contract C153678. Under the circumstances, it <br />appears that the remaining five wells are adequate security at this <br />time for Loan Contract C153678. <br /> <br />1-'1,1;) <br /> <br />,- <br />~ -', <br /> <br />19~]9 <br /> <br />Colorado \Vater <br />Conservation Board <br />