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<br />I <br />I . First ~~~~,~,~~~ <br /> <br />I <br />I <br />I <br />I <br />I <br />, <br /> <br />II <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br /> <br />First IVational /;,,,,. , <br />jn! 'lain .:. P,O. l30x 1119 <br />longmonl, Colorauo 80.,02.11)9 <br />Telerhone ~1i5. ~~()-)MOiJ <br /> <br />First National ,',',/,"\ ,': " <br />S. Harer J( Rent \\'J\ ., P_O. Flax ]1::;9 <br />Longman!. Colorado 80'i02"11'i9 <br />Telephone :Hl3---(J-)OOiJ <br /> <br />March 28, 2000 <br /> <br />Les Williams, President <br />Plumb & Daily Ditch Company <br />9595 Nelson Road, Suite 203 <br />Longmont, CO 80504 <br /> <br />Dear Mr. Williams, <br /> <br />This is in reply to your letter of March 23, 2000, inquiring about the possibility of a <br />loan in the approximate amount of $42,000 to repair a river diversion structure. The <br />First National Bank of Longmont loan terms would not match those of your request; i.e" <br />long term fixed rate financing, using the structure as collateral. <br /> <br />As we discussed in earlier conversations, the Bank would require more traditional <br />types of marketable collateral and interest rates would be a couple of percentage points <br />over the National Prime Rate with a maturity of three to five years, <br /> <br />I appreciate your inquiry. If you have further questions, do not hesitate to contact <br /> <br />me. <br /> <br />Yours truly, <br /> <br />A~^# <br /> <br />Gordon T. Hills <br />Vice President <br /> <br />GTH/brs <br />