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<br />IlsURFA~ <br /> <br />LOCALLY <br /> <br />OWNED <br /> <br />OClober 28, 2002 <br /> <br />Colorado Water Conservation Board <br />Water Supply Planning & Finance Section <br />Attn: Ms. Janis IIlian <br />1580 Logan Slreet, Suite 750 <br />Denver, CO 80203 <br /> <br />Re: Subordination Agreement & Copies ofInvoices <br /> <br />Dear Ms. IIlian: <br /> <br />Enclosed is a singed copy of the Subordination Agreement between John Eric Niblack, SurfaceCreek Bank <br />and the Colorado Water Conservation Board. I will file the ag,eement with the Delta County Clerk and <br />Recorder. Once I receive the recorded original back, I will mail you a copy for your records. <br /> <br />I have also enclosed several Invoices for work Ihat has already been completed on the Niblack/Four <br />Seasons Fish Hatchery project. The invoices total $85,802.35. <br /> <br />If you have any questions, please feel free to call me, <br /> <br />Respectfully, <br /> <br />~j/U <br /> <br />...- <br /> <br />Derek R. Kehmeier <br />Vice President - SurfaceCreek Bank <br /> <br />Enclosures: <br /> <br />Copy of Subordination Agreement <br />Copies of Project Invoices <br /> <br />Surface Creek Bank Center. Montrose Bank <br />p.o. Box 490 . 945 S. Grand Mesa Drive. Cedaredge, Colorado 81413 . Phone: 970.856.8600 . Fax: 970.874.7333 <br />MEMBER FDIC <br />