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<br />.;, <br /> <br />- <br /> <br />. <br /> <br />MCDERMOTT, KIEHNHOFF & MECONI <br />ATTORNEYS AT LAW <br /> <br />Mr. N. C. Ioannides <br />January 10, 1987 <br />Page Two <br /> <br />4. There is no provision in the Charter of The Grand View <br />Irrigation Company, or state or local law, that prevents the <br />above-referenced contract from binding The Grand View Irrigation <br />Company. <br /> <br />5. I know of no reason why the above-referenced contract <br />would not be a valid and binding obligation of The Grand View <br />Irrigation Company if the same is entered into by the State of <br />Colorado. <br /> <br />I attach a copy of the Minutes of the Special Meeting of the Board <br />of Directors of The Grand View Irrigation Company held on <br />January 9, 1987. Copies of other pertinent documents were appended <br />to my letter dated February 6, 1986. <br /> <br />Very truly yours, <br /> <br /> <br />view Irrigation Company <br /> <br />JAM/gf <br />Enclosure <br />cc: Mr. Mannie A. Colon, Jr. <br />President, The Grand View Irrigation Company <br />