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<br />08/05/'513 <br /> <br />10:58 ~ 719589~ <br /> <br />LUCERO*K*L <br /> <br />--) CWC8 <br /> <br />. <br /> <br />P.04 <br /> <br />, <br /> <br />r <br /> <br />Mr. Dennis G. Miller <br />Page 3 <br />August 5, 1993 <br /> <br />of the first disbursement of funaS. If you or Ms. Gill1ble have any <br />concerns regarding this aspect of this matter, please call me. <br /> <br />FinallY, it is my understanding that the effect of paragraph <br />A.S. would be limited by the status of the Trinchera Irrigation <br />Company being a private stockholder company. By this, I assume <br />that the state understands that the benefits of the Trinchera <br />Irrigation Company are limited to the supply of water to its <br />shareholders and a party must be a shareholder in the Trinchera <br />Irrigation Company in order to receive those water rights. <br />Therefore, I would like to have clarified for me whether the <br />initial assessments that are t:o be charged by the Trinchera <br />Irrigation Company after the execution of the Contract need to be <br />approved by the state in writing and, if so, whether the inclusion <br />of Exhibit I to the Contract indicates approval by the state of the <br />assessments set forth in the Minutes that are Exhibit I. Again, if <br />you have any questions or comments concerning the above, please <br />call or write me. <br /> <br />Very truly yours, <br /> <br />JKL/lsr <br />cc: Trinchera Irrigation CompanY <br />Jennifer Gimble, Esq. V <br /> <br /> <br />(303) 866-3558 <br />