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<br />--. <br />._, <br /> <br />.. <br /> <br />. <br /> <br />Paul Calder <br />August 1, 1988 <br />Page 2 <br /> <br />- <br /> <br />E. The Contract will be valid and binding against the <br />Orchard Mesa Irrigation District if entered into by the State <br />through the Colorado Water Conservation Board, including the <br />provisions of the Contract pledging revenues or other sources of <br />repayment funds and the provision pledging security to assure <br />repayment. <br /> <br />Please let me know if you need any further information. <br /> <br />Very truly yours, <br /> <br /> <br />ADB/ss <br /> <br />D. Bai1.P~Y <br />