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DNR COLORADO <br /> CO Colorado Water <br /> ..' Conservation Board <br /> Department of Natural Resources <br /> 1313 Sherman Street, Room 718 <br /> Denver, CO 80203 <br /> August 13, 2015 <br /> Ms. Laura Berchert <br /> Riverside Ditch and Allen Extension Company <br /> P.O. Box 892 <br /> Buena Vista, CO 81211 <br /> Re: Phased Canal Improvement Project <br /> Loan Contract "Time of Performance" Increase <br /> Contract Number CT2015-050 (C150301) <br /> Ms. Berchert: <br /> Thank you for taking time to meet with me on Friday July 31, 2015 at the Best Western in Buena Vista. <br /> Since our time was limited, I wanted to get you a letter to summarize the requirements I presented at <br /> our meeting. As you are aware, the loan contract required the Company to complete the Project by <br /> September 3, 2014. I understand that the Company has been in communication with Mike Taylor at <br /> NRCS, La Junta who is willing to perform the design when time allows. <br /> Since the loan contract was executed nearly five years ago and is one year past due, I will be looking <br /> for the following information prior to consideration of an extension and subsequent disbursement of <br /> any additional funds. <br /> 1) Recent Company Financials: Please submit the Company's 2013 and 2014 annual financial <br /> statements. These are necessary since it has been six years since the financials were reviewed <br /> and the loan originally approved. The financials reports will be used to determine the current <br /> financial health of the Company. <br /> 2) Project Schedule: Please provide a schedule to complete the remaining portion of the Project <br /> (diversion structure). The schedule needs to include design, plan approval, bidding details, <br /> construction, and the completion of work. <br /> cOto <br /> (A.(4 r"" 'P�,9O P 303.866.3441 F 303.866.4474 www.cwcb.state.co.us -.. ° <br /> John W. Hickenlooper, Governor I Mike King, DNR Director I James Eklund, CWCB Director K* `* <br /> �'�_1876 <br />