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<br />PROJECT SUMMARY - CONSOLIDATED HOME - CONTRACT No. C150082 <br />SECTION 1 -BORROWER INFORMATION <br /> <br />Name: <br />Address: <br /> <br />Consolidated Home Supply Ditch and Reservoir Company <br />1650 West 8th Street <br />Loveland, CO 80537 <br />970-667 -5567 <br />Colorado nonprofit corporation <br /> <br />Phone Number: <br />Type of Entity: <br /> <br />SECTION 2 - PROJECT DESCRIPTION <br /> <br />Description of Project: Rehabilitation of the dam on the Mariano (Boedecker) Reservoir <br />located in Larimer County, consisting of construction of a toe drain, a toe berm, outlet <br />modifications, foundation grouting and other ancillary items. Outlet works <br />improvements will include lining of the existing masonry arch tunnel with a circular <br />conduit and grouting of the annular space between the new conduit and the old arch <br />tunnel. The outlet pipe will be extended downstream approximately 30 feet to allow <br />room for toe berm construction. A toe drain and berm will be constructed along the toe <br />of the existing dam to provide protection from deep-seated slope instabilities. The <br />downstream slope of the dam will be flattened to a 2.5:1 slope. The project includes re- <br />establishing wetlands and relocating two electric transmission line structures. <br /> <br />Description of Feasibility Study: The CWCB reviewed a feasibility report on the Project <br />titled "Feasibility Study-Mariano (Boedecker) Reservoir Dam Rehabilitation" by Colby <br />Hayden, P.E., of Rocky Mountain Consultants, Inc, which is incorporated herein by <br />reference, and based upon this feasibility report, the CWCB determined the report <br />meets the requirements of the CWCB Construction Fund Guidelines for feasibility <br />studies. <br /> <br />SECTION 3 - BOARD ApPROVAL AND LEGISLATIVE AUTHORIZATION <br /> <br />Board Approval: At its September 24-25, 2001 meeting, the CWCB approved a loan to <br />the BORROWER in an amount up to $943,000, not to exceed 90% of the cost of the <br />PROJECT, at an interest rate of 3.5% per annum for a repayment term of 30 years. <br /> <br />Legislative Authorization: Section 37-60-122.6, C.R.S., authorizes the CWCB to loan <br />money from the Emergency Infrastructure Account for projects that it determines are <br />necessary to avoid unreasonable risk of injury or damage to human health or well-being <br />or to property or crops when the CWCB also determines that the emergency condition <br />ic nnt tho. ro.clllt nf no.nlino.nl""o. in tho. nnt:>r!:ltinn nr m!:lintt:>n!:lnl""t:> nf tht:> infr!:lc:trllr.h Irt:> !:Inri <br />."'" II....,.. '-II" 1'-'''''-.,........" .."":::111;::,""""11_- 111...._ -t'-I_"'_'I _. ..._....._.._..__ __ ...._ 1""---'--.--- -..- <br /> <br />that the viability or success of the emergency project is not dependent upon further <br />appropriations or loans. The CWCB did make such determination at said meeting. <br /> <br />SECTION 4 - COLLATERAL <br /> <br />Part of the security provided for this loan, as evidenced by the executed Deed of Trust <br />attached as Appendix 5 and incorporated herein, shall be an undivided one hundred <br />percent (100%) interest in the Mariano (Boedecker) Reservoir and Dam, as more <br />particularly described in the attached Deed of Trust, hereafter referred to as the <br />Collateral. <br /> <br />Appendix 1 to Loan Contract C150082 <br />