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PROJEGT SUMMARY — AMITY MUTUAL — CONTRACT NO C150099 <br />SECTION 1 —BORROWER INFORMATION <br />Name: <br />Address: <br />Contact: <br />Phone Number: <br />Type of Entity: <br />The Amity Mutual Irrigation Company <br />P. O. Box 187 <br />Holly, CO 81054 <br />Keith Clark, President; Terry Howland, Superintendent <br />719-537-6627 Fax Number: 719-537-6627 <br />Colorado nonprofit corporation <br />Section 2 — Project Description <br />A. Description of PRO�ECT: The BoRROwER applied to the CWCB for a loan for the <br />rehabilitation of the Neenoshe Reservoir Dam, located in Kiowa County, <br />hereinafter referred to as the PRO�ECT, at an estimated total cost of $400,000. <br />Rehabilitation of the dam consists of relining the four outlets with 27-inch steel <br />pipe, grouted in place, new 30" by 30" sluice gates with new manual hoists <br />installed on the upstream headwall, stilling basin demolished and rebuilt of <br />reinforced concrete, and a toe drain with engineered filter incorporated into the <br />stilling basin design. <br />B. Description of Feasibility Study: The CWCB has reviewed a feasibility study report <br />on the PRO�ECr compiled by URS Corporation Engineers entitled Evaluation and <br />Conceptual Design for Nee No She Dam, which is incorporated herein by reference. <br />Based upon the feasibility report, the CWCB determined the PRO�ECr to be <br />technically and financially feasible. <br />SECTION 3 — CWCB'S AUTHORITY <br />Construction Fund: This loan is made pursuant to the provisions of §§ 37-60-119 and <br />37-60-120, C.R.S., which authorize the CWCB to loan money for water projects from <br />the CWCB Construction Fund for the benefit of the people of the state, provided that <br />the borrower assures repayment of that money. <br />SECTION 4- BOARD APPROVAL AND LEGISLATIVE AUTHORIZATION (IF NEEDED� <br />A. At its November 2001, meeting, the CWCB approved a loan to the BoRROwER in an <br />amount up to $360,000, not to exceed 90% of the cost of the PRO�ECT, at an <br />interest rate of 2.75°/a per annum for a repayment term of 30 years. <br />B. Pursuant to HB02-1152, Section 1(b), the Colorado General Assembly authorized <br />CWCB to loan to the BoRROwER an amount up to $360 for the PROJECT <br />Appendix 1 to Loan Contract C150099 <br />