Laserfiche WebLink
<br />. <br /> <br />P.O. BOX 47. <br /> <br />. <br />o ~~ffi~W _ <br />JUL 23 1981 <br /> <br />~ ,"c."."." <br /> <br />303 - 8<&15'8659 <br /> <br />JAMES M, LARSON <br /> <br />ATTORNEY AT l.AW <br /> <br />71. GRANO AVENUE <br /> <br />GLENWOOO SPRINGS. COLORADO '14501 <br /> <br />COLOR/\DO WATER <br />CO~IS~Rvr-\T!ON BOARD <br /> <br />July 21, 1981 <br /> <br />Colorado Water Conservation Board <br />Department of Natural Resources <br />1313 Sherman Street <br />Denver, Colorado 80203 <br /> <br />Re: Contract dated November 15, 1980 <br /> <br />Gentlemen: <br /> <br />I am the Town Attorney for the Town of Silt, Colorado. The contract <br />I wish to refer to is a contract dated November 15, 1980 in the amount <br />of $300,000.00 between the Department of Natural Resources, Colorado <br />Water Conservation Board, and the Town of Silt as Contractor. The <br />Town has advised that your department is in a position to accept as <br />collateral under paragraph A. 2. a. an 800,000 gallon water tank which <br />was recently installed as part of the Town's water system improvements. <br />It is my further understanding that your acceptance of this water <br />tank as collateral for the repayment of the loan evidenced by the contract, <br />is to be in lieu of any other collateral which is described in said <br />paragraph A. 2. a. <br /> <br />I would appreciate your confirming the understanding of the Town <br />of Silt in this regard. I am in a position and have been directed by <br />the Board of Trustees to prepare whatever legal documentation is necessary <br />in order to effectuate this collateral arrangement. <br /> <br />I look forward to hearing from you soon. <br /> <br />Yours very truly, <br /> <br />\{u~ M. ~~~ <br /> <br />JML/cr <br /> <br />pc: Charles Hedgepeth, Town Administrator, Town of Silt <br />Charles A. Rains, Town Mayor, Town of Silt <br />