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<br />,. . <br />, <br /> <br />. <br /> <br />. <br /> <br />. .' <br /> <br />EXHIBIT B <br /> <br />~, ... . <br /> <br />HILL AND HILL <br /> <br />An'ORHEYS Jt:f LAW <br /> <br />A PROF"ESSIONAL CORPOR....TION <br /> <br />t <br /> <br />FORT COLLINS, COLORADO 90522 <br /> <br />ALOEN T. HILL. <br />ALOEN V. HIL.L. <br /> <br />t <br /> <br />May 24, 1984 <br /> <br />P. O. BOX 421 <br />160 WEST MOUNTAIN AV!.. <br />TELEPHONE (30]) 482-3883 <br /> <br />Colorado Water Conservation Board <br />Department of Natural Resources <br />State of Colorado <br />1313 Sherman Street <br />Denver, CO 80203 <br /> <br />Attention: Mr. Nick C. Ioannides, P.E. <br />Supervisin9 Water Resource Specialist <br /> <br />Reference: Feasibility Study for Reservoir <br />No. 15 - The North Poudre Irrigation <br />Company <br /> <br />Gentlemen: <br /> <br />On behalf of The North Poudre Irrigation Company as its <br />general counsel, this is to confirm the following: <br /> <br />1, That North Poudre will pay one-half (1/2) of a <br />Feasibility Study up to the maximum amount of $12,500,00 for <br />its one-half (1/2) share; <br /> <br />2. That North Poudre has the money available so to do. <br /> <br />Please keep us informed as to this potential study and <br />I wish to see any copy of the agreement required by the <br />State before it is signed by North Poudre. <br /> <br />/~~rY truly yours, _, <br /> <br />U%~ V,rI( d <br /> <br />"Alden V. Hi~ <br /> <br />AVH:c1r <br />CC: Ms. Vi Proctor <br />Mr. Robert L. Stieben, President <br />The North Poudre Irrigation Company <br /> <br />EXHIBIT B <br />