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* 200 acres of property owned by CWPDA located at 26589 County Road GG, Rocky Ford, <br /> CO 81067. CWPDA purchased this property and the 200 associated HMIC shares on <br /> January 2,2008 for$280,000($1,400/HMIC share). CWPDA estimates that this property <br /> and the associated 200 HMIC shares would currently be valued between $1,800 and <br /> $2,000/HMIC share or between $360,000 and $400,000 total. <br /> • 78 acres of property owned by CWPDA described in as "W2NE4 EX a strip of land 60' <br /> wide on E side and EX a 3 acre tract surrounding the house 24-22-55" in Otero County, <br /> Colorado. CWPDA purchased 80 acres of property and the 80 associated HMIC shares <br /> on March 30, 2007 for $145,000 ($1,800/HMIC share). CWPDA later sold two acres of <br /> the property but retained the two associated HMIC shares. CWPDA estimates that this <br /> property and the associated 80 shares would currently be valued between $1,800 and <br /> $2,000/HMIC share or between $145,000 and $160,000 total. <br /> Attached are copies of the deed and HMIC share certificates evidencing CWPDA's ownership of <br /> the 200-acre property and associated HMIC shares. CWPDA will provide a copy of the deed and <br /> HMIC share certificates evidencing CWPDA's ownership of the 78-acre property and associated <br /> HMIC shares at a later date. <br /> Best Regards, <br /> Kent Ricken <br /> General Manager <br /> Colorado Water Protective and Development Association <br /> Enclosures <br />