PROJC01773

• Contract/PO #: C150178
• Contractor Name: Hillrose, Town of
• Contract Type: Loan
• Water District: 1
• County: Morgan
• Loan Projects - Doc Type: Contract Documents

Project Summary - Borrower - Contract No. C150178
SECTION 1 -BORROWER INFORMATION

NAME: TOWN OF HILLROSE, ACTING BY AND THROUGH ITS WATER
ACTIVITY ENTERPRISE

ADDRESS:

FEDERAL IDENTIFICATION No.:
CONTACT:
PHONE NUMBER:
E-MAIL ADDRESS:
TYPE OF ENTITY:

P.O. Box 1, HILLROSE. COLORADO 80733-0001
846095311

DONALD I. DEWEY. MAYOR

[phone] FAX NUMBER: [phone]

[e-mail]

The Water Activity Enterprise is an enterprise
established by the Town of Hillrose by Ordinance No.
5~ XX-XX. dated :Dee.. J ,J!iJ2. pursuant to Article 45.1.
Title 37. C.RS.. which resolution is incorporated
herein by reference. The Enterprise was formed and
is operated as an enterprise within the meaning of
Colo. Const. Art. X. Section 20.

Section 2 - Project Description
A. Description of PROJECT: The BORROWER applied to the CWCB for a loan to be
used to purchase water rights to use for well augmentation, located in Morgan
County, hereinafter referred to as the PROJECT. at an estimated total cost of
$76,250.

B. Description of Feasibility Study: The CWCB has reviewed a feasibility study
report on the PROJECT compiled by Brent M. Nation. which is incorporated herein
by reference, and. based upon the feasibility report, the CWCB determined the
PROJECT to be technically and financially feasible.

SECTION 3 - CWCB's AUTHORITY

Severance Tax Trust Fund Pef'IJetual Base Account: This loan is made pursuant to
the provisions of 99 39-29-109(1)(a)(I), 37-60-119 and 37-60-120, C.RS., which
authorize the CWCB to loan money for water projects from the CWCB Severance Tax
Trust Fund Perpetual Base Account for the benefit of the people of the state, provided
that the borrower assures repayment of that money.

Section 37-60-122(1)(b) C.RS., authorizes the CWCB to make loans of up to
$5.000.000 from the CWCB's Construction Fund and the State Severance Tax Trust
Fund Perpetual Base Account Fund without prior approval from the General
Assembly

Appendix 1 to Loan Contract C150178