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<br />. <br /> <br />. <br /> <br />July 17, 1985 <br /> <br />Mr. Nicholas Iaonioles <br />Colorado Water Conservation Board <br />Denver, Co. <br /> <br />Dear Nick <br /> <br />l~~~~!;~ <br />COLORADO WATER <br />CD."JSERVATfON BOARD <br /> <br />The Farmers Extension Ditch Company and the Highland Lake <br />Lateral are non-profit corporations. We own the lateral <br />that carries water from the Highland Ditch to the farmers in <br />the area who are all stock holders. The company does not <br />own any water or any pther asset. <br /> <br />The expenses of the ditch companies are paid through asses- <br />ments from the stockholders. We therefore request that the <br />contract between the Farmers Extension Ditch Co., The Highland <br />Lake Lateral and The Colorado Water Conservation Board be <br />written in such a manner as the cement and improvements be <br />the only mortgaged item as the loan is for only 50% of total <br />cost of the project. <br /> <br />Thank you for your consideration. <br /> <br />~tfullY <br /> <br />