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<br />RECEIVElJ <br /> <br />Colorado Water Conservation Board <br />Attn: John Van Sciver <br />1313 Sherman Street, Suite 721 <br />Denver, Co 80203 <br /> <br />DEe 0 7 2000 <br /> <br />CoIomdo Water Conservation Board <br /> <br />RE: Columbine Ranches Application <br />Dear John: <br /> <br />Thank you for your assistance with this increase in our loan amount. Attached to this email is our <br />application, and I'm sending you a hard copy also. Attached to the hard copy are two Reconciliation <br />Reports for Columbine Ranches' two checking accounts. Those two accounts are our only asset in addition <br />to the well itself, our pump, the water lines, our meter, etc. <br /> <br />We are now seeking a $100,000 increase in the loan that's already been approved by the CWCB. We need <br />this additional money due to the passage of time since the original loan was approved, which was <br />necessitated by our search for water shares, and the increase in the price of water shares during that same <br />time period. Originally we were anticipating being able to purchase Fulton shares for roughly $4500 each. <br />We've been unable to locate any such shares to date, but they are now selling for $10,000 minimum each. <br /> <br />We will determine the amount of assessment due from each lot for the 25% down payment, as well as for <br />the annual payment due CWCB once we've purchased the water and have exact numbers for what each <br />homeowner will owe. It is the Board's opinion that the homeownership will approve this new additional <br />loan amount at our February meeting. There will be some dissenting votes, but not enough to cause us to <br />not be able to use these funds. <br /> <br />I'd appreciate the Board's consideration of this application at the January 2001 meeting if possible. We are <br />currently negotiating for two different sets of shares, and they're both on a fairly short timetable. If you <br />need any fmiher information from me, please don't hesitate to call me at 303-289-3467. Ifl'm not there, <br />please leave me a message. <br /> <br />As always, we appreciate your help! <br />Sinc.e.rel:;? . ""./] / ../IA . ~. <br />/../---~'->' . 0If.~~~/ <br />. }.aura . Woods . . <br />'......-.. Chair,ilrrigation Co?~rol Committee <br />