C150191 Contract

• Contract/PO #: C150191
• Contractor Name: Buffalo Farms Water Development, LLC
• Contract Type: Loan
• Water District: 64
• County: Logan
• Loan Projects - Doc Type: Contract Documents

Project Summary - Borrower - Contract No. C150191

SECTION 1 -BORROWER INFORMATION
Name: Buffalo Farms Water Development, LLC
Address: 1743 CR 25, Merino, CO 80741
Federal Identification No.: 02-0731746
Contact: D. Kevin Vollmer
Phone Number: [phone] Fax Number: [phone]
E-mail address:[e-mail]
Type of Entity: a Colorado limited liability company

Section 2 - Project Description
A. Description of PROJECT: The BORROWER applied to the CWCB for a loan to be
used to enhance and expand an existing recharge project for well augmentation,
located in Logan County, hereinafter referred to as the PROJECT, at an estimated
total cost of $215,000.
B. Description of Feasibility Study: The CWCB has reviewed a feasibility study report
on the PROJECT entitled "Feasibility of Construction of the Buffalo Farms Water
Development, LLC Augmentation Project," dated August 2004, compiled by Brent
M. Nation, P.E., 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's AUTHORITY

Severance Tax Trust Fund Peroetual Base Account: This loan is made pursuant to
the provisions of 99 39-29-109(1 )(a)(I), 37-60-119 and 37-60-120, C.R.S., which
authorize the CWCB to loan money for water projects from the CWCB Severance Tax
Trust Fund Perpetual Base Account 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

At its November 17, 2004 meeting, the CWCS approved a loan from the Severance Tax
Trust Fund Perpetual Base Account to the BORROWER in an amount up to $193,500 for
PROJECT costs plus $1,935 for the 1 % loan service charge for a total loan amount of
$195,435, with repayment terms of 2.25% per annum for 20 years.

SECTION 5 - SCHEDULE OF EXISTING DEBT

No existing debt.

Appendix 1 to Loan Contract C150191
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