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Attachment 1 Deed of Trust dated May 1, 2005 Grantor: Lower Sacramento Creek Reservoir Company Beneficiary: Colorado Water Conservation Board DESCRIPTION OF COLLATERAL A tract of land located in part of Section 32, T.9S, R.77W, of the 6th P.M., County of Park, State of Colorado, more particularly described as follows: Beginning at N 1 /4 corner of said Section 32, thence SOoo05'5T'E along the north- south center of section line of said Section 32 for a distance of 400.00' to the true point of beginning, thence SOoo05'5T'E continuing along the said north-south center of section line of said Section 32 for a distance of 245.02', to a point on the northerly right-of-way of Platte Drive, thence westerly along said northerly right-of-way for the following 5 courses to the left along the arc of a curve whose delta is 00055'43" and whose radius is 211.12' for a distance of 3.42', and whose chord bears S83003'19"W for a distance of 3.42', thence S82036'45"W for a distance of 132.30' to a point on the south line of the N112 NW1/4 Section 32, thence N88046'10"W along the said south line N1/2 NW1/4 Section 32 for a distance of 900.56', thence leaving the south line of the said N1/2 NW1/4 Section 32 and to the right along the arc of a non-tangent curve whose delta is 28052'03" and whose radius is 178.55' for a distance of 89.96', and whose chord bears N52048'49"W for a distance of 89.01', thence N38022'4T' for a distance of 117.67', thence N39000'04"E leaving said right-of-way for a distance of 568.44', thence S6J013'09"E for a distance of 890.20' to a point on the north-south center of section line of said Section 32, the true point of beginning. Containing 1 0.87 acres, more or less. All bearings are referenced to a breakdown of said Section 32 by Broyles & Fensten. Description of collateral taken from Exhibit A to Warranty Deed recorded December 2,1991, Book 470, Page 39, Reception No. 399180, County of Park, State of Colorado.