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<br />", <br /> <br />,~; <br /> <br />EXHIBIT B <br /> <br />MEMORANDUM OF UNDERSTANDING <br /> <br />F...om. <br /> <br />The No...th Fo...k Wate... Conse...vancy Dist...ict <br /> <br />To. <br /> <br />Colo...ado Wate... Conse...vation Boa...d <br /> <br />Re: <br /> <br />Statement of unde...standing of obligation to pay 1/2 of <br />the cost of the Enginee...ing Feasibiltty Study <br /> <br />The Boa...d of Di...ecto...s of The Dist...ict he...eby affi...ms that the <br />Dist...ict unde...stands that Ute Enginee...ing and Su...veying Company <br />will prepare an Engineering Feasibility Study, see Scope of <br />Services enclosed, and the cost of the Study will be $4,650.00. <br />The . North Fork Wate... Conservancy Di stri ct wi 11, in acco...dance <br />wi th ou... ag...eement wi th the Lone Cabin oi rch and Reservoir Co". pay 1/2 <br />of the cost of the Study, ~2,325~OO. <br /> <br />Signed this Q(~_day of _~~~_k~_____.1986 <br /> <br />bY~~~__~~___________________ <br />/ P...esi dent <br /> <br />,'. <br /> <br />EXHIBIT B <br />