C150195 Contract

• Contract/PO #: C150195
• Contractor Name: Lower Sacramento Creek Reservoir Company
• Contract Type: Loan
• Water District: 23
• County: Park
• Loan Projects - Doc Type: Contract Documents

Project Summary
- Lower Sacramento Creek Reservoir Company-
Contract No. C150195
SECTION 1 -BORROWER INFORMATION
Name: Lower Sacramento Creek Reservoir Company
Address: 2525 S. Wadsworth Blvd., No. 306, Lakewood, CO 80227
Federal Identification No.: 84-1090279
Contact: William M. Blatchley, SecretaryiTreasurer & General
Manager
Phone Number: [phone] Fax Number: [phone]
E-mail address:[e-mail]
Type of Entity: a Colorado nonprofit corporation

Section 2 - Project Description
A. Description of PROJECT: The BORROWER applied to the CWCB for a loan to be
used to install a liner and enlarge the Lower Sacramento Creek Reservoir to its
decreed storage amount, located in Park County, hereinafter referred to as the
PROJECT, at an estimated total cost of $495,072.
B. Description of Feasibility Study: The CWCB has reviewed a feasibility study report
on the PROJECT entitled "Feasibility of Reconstruction of the Lower Sacramento
Creek Reservoir," dated January 2005, compiled by William M. Blatchley, 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'SAUTHORITY

Construction Fund: This loan is made pursuant to the provisions of 9937-60-119 and
37-60-120, C.R.S., which authorize the CWCB to loan money for water projects from
the CWCB Construction Fund 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.R.S., 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

SECTION 4 - BOARD APPROVAL AND LEGISLATIVE AUTHORIZATION (IF NEEDED)

At its March 22, 2005 meeting, the CWCB approved a Small Project Loan from the
Construction Fund to the BORROWER in an amount up to $371,300 for PROJECT costs, not to
exceed 90% of the cost of the PROJECT, with a loan origination fee of 1 % in accordance with
CWCB Policy No. 16, at an interest rate of 3.75% per annum for a repayment term of 20
years.

SECTION 5 - SCHEDULE OF EXISTING DEBT

No existing debt

Appendix 1 to Loan Contract C150195
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