Laserfiche WebLink
<br />I <br /> <br />. <br /> <br />MOSES, WITTEMYER, HAR~ISON AND WOODRUFF, P. C. <br /> <br />LAW OFFICES <br /> <br />1002 WALNUT STREET, SUITE 300 <br /> <br />DAVID L. HARRISON <br />CHARLES N. WOODRUFf" <br />ROBERT E. L. BEEBE <br />DAVID M. BROWN <br />..lAMES R. MONTGOMERY <br /> <br />BOULDER, COLORADO 80302 <br /> <br />RAPHAEL .). MC~SES <br />JOHN WITTEM'fER <br />COUNSEL <br /> <br />TELEPHON~: (303) 443-8782 <br />TELECOPIE~: (303) 443.8796 <br /> <br />HUNTLEY STONE <br />SPECIAL COUt/SEL <br /> <br />VERONICA A. SPERLING <br />STEVEN P. .JEFFERS <br />GILBERT Y. MARCHAND, .JR. <br />PAUL F. HOLLEMAN <br /> <br />ADDRESS CO~RESPONDENCE TO: <br />P. O. BOX 1440 <br />BOULDER, CO 80306-1440 <br /> <br />January 17, 1995 <br /> <br />Mr. William P. stanton, P.E. <br />Chief, Planning and Construction Section <br />Colorado Water Conservation Bo~rd <br />1313 Sherman Street, Room 721 <br />Denver, CQ 80203 <br /> <br />BV Federal ExprEISS <br /> <br />Re: <br /> <br />Aaenda Item 19.b. for Januarv 25. 1995 <br />MeetinalConstruction and Refinancinq <br />APplications of Moraan Countv Qualitv <br />District <br /> <br />Board <br />Loan <br />Wa1:er <br /> <br />Dear Mr. Stanton: <br /> <br />This is in follow-up to our conversation on November :LO, <br />1994 in regard to the above-l:eferenced loan application by 1;he <br />Morgan County Quality Water District (MCQWD). As you recall, we <br />represent The Northern Trust Company as Trustee of the F Quar1;er <br />Circle Ranch for the' benefit of the Seyfried Family (Mrs. Anne <br />Seyfried, Mr. Robert J. Seyfried and Mr. Ross Seyfriedl. As we <br />discussed, The Northern Trust Company, as such Trustee, has leased <br />the entire output of three wells in the Hay Gulch Alluvium to MCQWD <br />for approximately the last 15 years as MCQWD'sprimary source of <br />high-quality water for its cu~tomers. During that same span of <br />time, MCQWD has also leased the entire output of a fourth Hay Gulch <br />well owned by an adjoining property owner, Dr. Beaghler, and 1che <br />leases on all four wells were recently extended for several <br />additional years by mutual consent. In addition, a nearby fifth <br />well owned by the State Board of Land Commissioners has been leal5ed <br />by MCQWD for a term of years, &lthough we are not as familiar with <br />the details of that lease as we are with the Northern Trust and <br />Beaghler leases. <br /> <br />When we discussed this matter on November 10, you <br />enumerated eight conditions that the Board would insist be met <br />before final loan approval could be considered. Among th'i~se <br />conditions was an affirmative determination of economic <br />feasibili ty, which you explained would essentially require that <br />MCQWD prove that the present lease arrangements are either <br />insecure, or somehow could be underpriced by an extension of t.he <br />SWSP pipeline from its presently planned Hudson terminus. With <br />respect to the issue of whether MCQWD's access to the Hay Gulch <br /> <br />, <br /> <br />I. -\ <br /> <br />. <br /> <br />. <br /> <br />. <br />