My WebLink
|
Help
|
About
|
Sign Out
Home
Browse
Search
PROJ00396
CWCB
>
Loan Projects
>
Backfile
>
1-1000
>
PROJ00396
Metadata
Thumbnails
Annotations
Entry Properties
Last modified
11/19/2009 11:25:15 AM
Creation date
10/5/2006 11:53:06 PM
Metadata
Fields
Template:
Loan Projects
Contract/PO #
C153741
Contractor Name
Vouga Reservoir Association
Contract Type
Loan
Water District
72
County
Saguache
Bill Number
SB 94-029
Loan Projects - Doc Type
Feasibility Study
There are no annotations on this page.
Document management portal powered by Laserfiche WebLink 9 © 1998-2015
Laserfiche.
All rights reserved.
/
67
PDF
Print
Pages to print
Enter page numbers and/or page ranges separated by commas. For example, 1,3,5-12.
After downloading, print the document using a PDF reader (e.g. Adobe Reader).
Show annotations
View images
View plain text
<br />, <br />I <br />I <br />I <br />I <br />I' <br />I <br />'1 <br />f <br />I <br />I <br />I <br />I <br />I <br />1\ <br />I <br />I <br />I <br />I <br /> <br />2.0 <br />VOUGA RESERVOIR ASSOCIATION <br /> <br />2.1 mSTORY OF THE ORGANIZATION <br /> <br />VRA was incorporated on July 7, 1955, under the laws of the State of Colorado as a not-for- <br />profit organization. VRA was incorporated for the purpose of constructing a dam and reservoir <br />on Razor Creek. The VRA office is located in Gunnison, Colorado. A copy of the Articles of <br />Incorporation and Articles of Amendment of the Articles of Incorporation are presented in <br />Appendix A. Also presented in Appendix A is a Resolution adopted by the shareholders in <br />1994, regarding the shareholders voting rights. A copy of the Bylaws and Amendment to the <br />Bylaws are presented in Appendix B. VRA currently has two shareholders, Remy and Ruth <br />Labrouche and Greg and Rodney Peterson, who own 100 percent of the corporation. However, <br />the Labrouches have contracted to purchase the Peterson's shares, and upon completion will be <br />the sole shareholders of the corporation. <br /> <br />2.2 POWERS AND AUTHORITIES OF THE ORGANIZATION <br /> <br />The VRA has the authority to make an assessment on the stock in the Company. The VRA has <br />the authority to enter into contractual arrangements and the authority to vest title to the project <br />(or portion thereof) in the Colorado Water Conservation Board (CWCB). The President of <br />VRA is Remy Labrouche. <br /> <br />2.3 FINANCIAL STATUS <br /> <br />A copy of the personal financial statement for Remy Labrouche is included in Appendix C. <br />The ability of VRA to repay the CWCB loan should be based on the assets of Remy and Ruth <br />Labrouche. The Labrouche's total liability and equity is $944,600, which is sufficient to repay <br />the CWCB loan amount. <br /> <br />242161R1.DOC 02.12-97(3:08PM)/RPT <br /> <br />2-1 <br />
The URL can be used to link to this page
Your browser does not support the video tag.