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<br />J.~fJ.qftllQ <br /> <br />.. . <br /> <br />MAIlllmfVI/fIriMInQcPllll9 <br />MIf>ony W. mom' <br />o.m<ll C. Holmes <br />J. D. Snodlll1l" <br />WI1am O. PI_ <br />OsvldJ.T\lm". <br />MlUkA. Htm'lundstld' <br />S_M.Co~. <br />t.WkE.Ho_ <br />1OIlI.. M. ~U1d1 <br /> <br />'NitAdlnll\.llhUllh <br /> <br />COURTHOUSE Pl.).CE BUILDING <br />rooN,mSt"MI-POBo~m <br />Cl1m1P\dion,CoIorsdoOIS02-0338 <br />Phone 97W24Z-6262 <br />Faf7G'211.)m <br /> <br />MQA80mCE <br />t4E.,IGr"rKI.A.,nu. <br />~.lJIot\fo;S321B3O <br />Phcno !OlIl59-G1 <br /> <br />. '0;.. 'Q' , <br /> <br /> <br />WILLIAMS, TURNER & HOLMES, EC, <br />ATTORNEYS AT LAW <br /> <br />~ 001/002 <br /> <br />t- <br />-- <br /> <br />...,00 <br />2..p:t9~ ...lp <br /> <br />December 14. 1995 <br /> <br />Linda Bassi <br />Office of the Attorney General <br /> <br />VIA FAX 303-866.3558 <br /> <br />Re: CWCB Contract With Ute Water Conse/Vancy District <br />Contract No. CI53670 . <br /> <br />Dear Linda: <br /> <br />This will confirm our telephone convenation of this afternoon. As you are <br />aware, we represent Ute Water Conservancy District and its enterprise, The Ute <br />Water Activity Enterprise. Ute Water and its Enterprise have several contracts with <br />eWCB, including the above referenced contract. Paragraph 13.a. of the above <br />referenced contract contains a pledge of revenues by Ute Water's Enterprise to <br />ewcs in an amount sufficient to pay the ewCB contract, subject only to the pledge <br />of funds for repayment of Ute Water's 1987 Water Revenue Refunding Bonds. <br /> <br />Ute Water's 1987 Water Revenue Refunding Bonds were issued in 1987 in <br />an aggregate principal amount on 16, 180,000. Ute Water and its Enterprise are now <br />proposing to advance refund a portion of the 1987 bonds. The portion to be advance <br />refunded equals S5.740,OOO. The refunding is being done to take advantage oflower <br />interest rates, and no additional obligations are being created as a result of the <br />advance refunding. The 1995 bonds will be secured by revenues of the District and <br />will have a first lien on revenues of the District on a parity equal to the 1987 bonds. <br />Bond counsel for the issuance of the 1995 bonds, Fred Marienthal ofKutak Rock, <br />will have a copy of the preliminary OfIicial Statement delivered to you this afternoon. <br />That preliminary OfIicial Statement will eqJlain the refunding plan for the 1995 bonda. <br /> <br />Prior to issuing the 1995 bonds, we want to make sure that the issuance of <br />those bonds does not violate the tellllS of the above referenced contract between <br />ewcs and Ute Water and its Enterprise, or any of the other existing contracts <br />between Ute Water and CWCB. We believe that the 1995 bond issuance will not <br />conflict with, result in a breach of. or constitute a default under the above referenced <br />contract with CWCB, or any of the other contracts Ute Water has with eWCB. <br /> <br />Ute Water and its Enterprise intend to issue the bonds on Wednesday, <br />December 20, 1995. I would appreciate it if you could confinn to me, in writing, that <br />the 1995 bond issuance will not conflict with. result in a breach of. or constitute a <br />default under any of the contracts between Ute Water, its Enterprise and CWCB. <br /> <br />ATTACHMENT 1 <br />