PROJC00667

• Contract/PO #: C153669
• Contractor Name: Windsor Reservoir and Canal Company
• Contract Type: Loan
• Water District: 3
• County: Larimer
• Bill Number: EIA
• Loan Projects - Doc Type: Contract Documents

-

.

THE WINDSOR RESERVOIR & CANAL COMPANY
P.O. Box 206
Eaton, CO 80615
[phone]

April 13, 1994

TELEFAX [phone]

Lynn Obernyer
State of Colorado
Department of Law
Office of the Attorney General
Natural Resources Section
State Services Building
1525 Sherman Street, 5th Floor
Denver, CO 80203

Re: Windsor Reservoir and Canal Company
CWCB Loan

Dear Ms. Obernyer:

This is being provided to you as requested in your letter of
April 11, 1994 concerning the ~eferenced matter. The officers of
the Windsor Reservoir and Canal Company have reviewed and duly
executed all of the loan documents previously submitted to you by
our attorney. We also reviewed the letter of March 29, 1994 sent
to you by our attorneys, Sommermeyer, Wick, Dow & Campbell, and
the statements in it are accurate.

The annual meeting of the stockholders and the directors of
the Windsor Reservoir and Canal Company was held at the company
offices on February 1, 1994. A quorum of the stockholders was
present, and in the manner required by the company's Articles of
Incorporation and Bylaws, the stockholders unanimously approved an
increase in the annual assessments from $200 per share to $425 per
share. The unanimous approval of the shareholders was given after
a discussion of the proposed loan to the ditch company from CWCB.
This included a presentation by our attorney and the project
engineer describing the natu~e and extent of the project. The
shareholders were also advised that a portion of the increase in
the assessments was required in order to adequately fund the
repayment of the loan.

If you
feel free
proceeding
assistance

have any questions or need anything further, please
to contact our attorney or the undersigned. We are
with the project now and would appreciate your
in expediting final approval of the loan and release of