|
<br />"
<br />,'" . ' .. "..
<br />. " '.> . . . '" "." :.
<br />
<br />
<br />.GSOLWA~
<br />
<br />
<br />"
<br />
<br />.,;
<br />
<br />f
<br />
<br />,
<br />
<br />
<br />.REcelVEP ....
<br />
<br />e
<br />
<br />'. ,',...-. ' '.' " ".' . '.,.:.
<br />. Mi'.Kii1< Gi Russell; P.Ii. . ' . ", .
<br />Col()radoWater Conservatipn Board" , '.
<br />1580 Logan Street. Suite 750 .
<br />Denver, CO. 80203
<br />
<br />.' .' '.' " ... '-.'
<br />, ,'. . "APRis2006,,' ,.,
<br />.~w~.
<br />. Cciii\eIV81lIJR ., .
<br />
<br />, - - , " .
<br />. ".,'; , . "
<br />.. ." .
<br />. Re: ' '. Loan ContractNo.C1sOo11 . .
<br />DearMr'., Russell: .
<br />
<br />. :. . ,., . ,..... . '. .... .,
<br />ttiankyou for, Inl,leting Withu~ Jast_k, Due to' ev~r mortlli;tril'l9Emt Water quality
<br />, reQulations,we have beenfQl'cEldto explore watei' tr.eatment altemiltivesfot our existing' ., .'
<br />water treatment.plant.,ln service since the late 195Qs and Whi!e stillfunctional,wehavl,l'
<br />,.' . concluded it will be necessary to upgrade our wstertteatmeritprocesses to meet current .'. ,.
<br />and future,regullitions:i:)y goirig tCrmembi'anefiltration,'., Aftereompletirig extensive pilot
<br />tests . ,of $everal'inembrane manutacturel'$.'We have also discovei'ed' it wiil'notbe '
<br />ec9nomicallyfeasibleto modif}/ our existing plant structure. 'Instead, we have foundwe ."
<br />will have t()build new facilities. ' ' . . .' ., ,.' , .
<br />
<br />.' . . . ." , ..:
<br />.' : '. .'. '-. . ' . . .... .' '.. .... .... .. ..-.
<br />Be.causeourCompany is .aprivatelyowned. nonprofit corporatiqn whose Pfimsry source' .'
<br />of ',revenue' is derived frornits StoCkholdel'$.financlng'a' riewwater treatme.rit.facllity is "
<br />available .only from' conventior'lal.sourc:es and the. t(ltEiI capital requirement is. estimated .
<br />. to be between $15 to, $17miUion. ConstruCtion is planned to begi., Jaterthis ,yearilndbe . . "
<br />complEited by2008~ To . ineet ,this ~uirementancl si;hedule. We'lire 8xplori~g the'. "
<br />possibilities ot..restructlJrlng ()urexisting.debtStructure. '. .'. '. ,.' .' .' , ' . ,
<br />
<br />" '. Respectfully a"dsUbjecttotbemutualapprovalqftheColoradOvvafer Conserllation ,"
<br />Board, (CWCBl.andTh~ Consolidlit~d MutuaIWaterCompany(Consolid~t$d)Boards of
<br />." DirectQrs;we..' are. 'reql.iesting,coilsideration 'by . the'CWCBtO,defer fiVe (5) years of
<br />principal payments beginning on Marcti1.2007.Attag.ed isa revised repayment
<br />.. . sch~Ule,whichjflu~trme~thatConsQIjClat\ld woutdcontinue mal(inginterest Plilyments
<br />ontheoutstandlngprinCip/ill. during tf:le.. propC)s/ld ,five J5)yilarqefll!1Jlentlieriod.. and full '..
<br />.....,prin,ciPlillandinterestpayrijElIjt.s wouldres\lOleon~lilfCh1,' 201,2. The l.oan, wouldt)e ."
<br />" ,paid I~flill ~n~~arct!.1,2016a~d 1iI1!.other te~~lilnd;cond!tio~sof.o,ur Loan Agreement .
<br />". ," Yioulpre!\181n,Jn}lffeCt and' unchariged;. CO.nslderatl(lh oftl:1lsrequestby. the.GWCB .... " .
<br />.. would be grea.tlyapP,reciEited. .'\, .. <"<," ." ,<' > ",'.
<br />
<br />.
<br />
<br />.' "
<br />~.'.'".SitlCeIY.'.', '."....'...,..'.,.. ,",,' .'
<br />".,..~..,~"'.".,
<br />..~...,
<br />'. '.. " " " ", . . -.'. '.
<br />, ,'.' ',' '. '
<br />'--- -,' " , "
<br />.' . ' - " '," - - "f"
<br />
<br />y/a~r.Welion. PLS/PE ....." ...............,.......
<br />
<br />"
<br />
<br />"" . ."
<br />
<br />. ',)
<br />
<br />. I'. .'
<br />
<br />, ,
<br />, ,
<br />
<br />"
<br />
<br />. cc:'.GMWCo Board ofOirectors "
<br />CM\NCoOfflcers' .
<br />.. " .
<br />THE CONSOLIDATED Mim:JALWATER:CoMYANY . .
<br />.. ,.". .'^ . '. .... ..',," . . , . . .' _J. .'
<br />12700 West 27th AvenUt'P.O:'Boii50068,' I.akewood; Colofado80215'
<br />, ',' T.lephone(303)238'045L'F~(303ii3i~5560 .' . , ..'
<br />
<br />tI
<br />
<br />~. . ,". ,i"
<br />
|