LPPD000273

• Contract/PO #: C153669
• Contractor Name: Windsor Reservoir and Canal Company
• Contract Type: Loan
• Water District: 3
• County: Grand
• Loan Projects - Doc Type: Contract Documents

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DEPARTMENT 0, \ ) NAME
Water Conserv".{o\\ Doard

DEPARTMENT OR AGENCY NUMBER
PDA

ROUT! NG NUMBER

hereinafter

$ 300,000

EMERGENCY
LOAN CONTRACT

TIllS CONfRACf, made this 8th day of

March

use and benefit of the Department of NA11JRAL RESOURCES

(COLORADO WATER CONSERVATION BOARD) .
referred to as the State, and THE WINDSOR RESERVOIR AND CANAL COMPANY.

P.O. BOX 206. EATON. CO 80615

hereinafter referred to as the

Borrower.

1. WHEREAS, authority exists in the Law and Funds have been bUdgetnp,IP~notherwise made available and a
sufficient unencumbered balance thereof remains.available for payment in Fund N~~~ion YYYY; Appropriation VII'
.J Program~Object Code~16.P::.ontract Encumbrance Number; c:.1.531.~ q ; and
2. WHEREAS, required approval, clearance and coordination ha~~,l comP"rCflfd WJi appropriate agencies; and
3. WHEREAS, pursuant to the provisions ~cJonJ.37\8-A91tLf 37-60-120,
Colorado Revised Statutes, the State is authorized to .loan money for the construction
of water projects for the benefit of the people of the State provided that the Borrower
assures repayment. of that money; and

4. WHEREAS, in accordance with Section 37-60-122.6 C.R.S. , the State is
authorized to loan money from the Emergency Infrastructure Account for projects
which it determines are necessary to avoid unreasonable risk of injury or damage to
human health or well being or to property or crops when the Colorado Water
Conservation Board determines that the emergency condition is not the result of
negligence in the operation or maintenance of the infrastructure; and

5. WHEREAS, on June 22, 1993, a slide developed on the Poudre Valley Canal,
owned by the Borrower, which seriously threatened to destroy a portion of that Canal;
and

6. WHEREAS, the Colorado Water Conservation Board determined at their
January 19, 1994 meeting that the conditions at the PoudreValley Canal (which is
infrastructure owed by the Borrower) did constitute an emergency condition qualifying
for a loan from the Emergency Infrastructure Account; and

7, WHEREAS, the Colorado Water Conservation Board approved at their
January 19, 1994 meeting, an emergency loan to the Borrower in a maximum amount
of $300,000 (Three hundred Thousand Dollars), not to exceed seventy five percent

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