PROJ00547 - Laserfiche WebLink

Home Browse Search

'- . .- RECORD OF PROCEEDINGS '00 Leav.. MAR 0 U 1987 SEDGWICK-SAND DRAWS WATERSHED CONSERVANCY DISTRICT COLORADO WATER CONSERVATION BOARD Special Meeting March 5, 1987 A special meeting of the Board of Directors was called to order by Chairman Kish Otsuka on the above date at the offices of Vandemoer and Carlson, P. C., 104 West First Street, JUlesburg, Colorado. Directors McClary and Cumming were also present as was Attorney Max E. Carlson. The purpose of the meeting was declared to be for consideration of two Contracts received from the State Water Conservation Board. The first Contract is dated March 2, 1987 and is an amendment to an earlier contract in the amount of $67,000.00 dated December 1, 1982. The second Contract is in the amount of $75,000.00 and is dated March 1, 1987 and represents additional loan proceeds to be received from the Colorado Water Conservation Board. After reviewing the proposed Contracts, it was moved by Director Cumming and seconded by Director McClary that the Contracts be executed by President Otsuka on behalf of the District and returned to the Colorado Water Conservation Board. The President called for a vote and said motion was unanimously passed. The Directors expressed concern regarding the requirement of liability insurance on the District's dams in the amount of $150,000.00 for injury to one person and $400,000.00 for injury to two or more persons in any single occurrence. It was noted that at the time of the execution of this Contract, the availability of said insurance and the cost of said insurance is unknown to the Directors and remains unknown even after diligent . ' inquiry. It was decided that a cover letter to the Colorado Water Conservation Board expressing the Directors' concern would be sent with ~he executed Contracts so that the Colorado Water Conservation Board would be aware of the Directors' concern in this regard. 1