Laserfiche WebLink
<br />~~/~l/~~ee 13:49 <br /> <br />970-871-6306 <br /> <br />STEAMBOAT UTILITIES <br /> <br />PAGE 03 <br /> <br />. <br /> <br />...... <br />..... <br />__ BANKS <br />Ir.... <br />.~-~ <br /> <br />Norwest Bank Colorado, N. A. <br />Steambaat Springs <br />320 Lincoln Avenue <br />Post Office Box 774888 <br />Steamboat Springs, Colorado 80477-4888 <br />970/879-0550 <br /> <br />February 23, 2000 <br /> <br />Woodchuck Ditch Company <br />42095 RfCORd#44' <br />Steamboat Springs. CO 80487 <br /> <br />....' .....".... <br /> <br />Gentlemen: <br /> <br />After considering our discussion today, I have determined that our Bank would <br />not be able to loan your organization any money. I seriously doubt that you <br />would be able to borrow money from any traditional lending institution. The <br />reason for this is that your organization has no tangible assets and no cash flow <br />. with which to service any debt. <br /> <br />My suggestion is that you research non-traditional lenders in the area of water <br />conservation as a possible source of funding. <br /> <br />Sincerely, <br /> <br />~3~~ <br /> <br />Vice President <br /> <br />PM <br /> <br />. <br />