PROJ01896

• Contract/PO #: C150199
• Contractor Name: Bijou Irrigation District
• Contract Type: Loan
• Water District: 1
• County: Morgan
• County: Weld
• Loan Projects - Doc Type: Contract Documents

Project Summary - Bijou Irrigation District - Contract No. C150199

SECTION 1 -BORROWER INFORMATION
Name: Bijou Irrigation District
Address: P.O. Box 972, Fort Morgan, CO 80701
Federal Identification No.: 84-0149210
Contact: Kathy Samples, Secretary
Phone Number: [phone] Fax Number: [phone]
E-mail address:[e-mail]
Type of Entity: a eolorado Irrigation District organized under the Irrigation
District Law of 1905 (C.R.S. 37-41-101 to -160)

Section 2 - Project Description
A. Description of PROJECT: The BORROWER applied to the CWCB for a loan to be
used for the rehabilitation of Empire Reservoir, located in Morgan and Weld
eounties, hereinafter referred to as the PROJECT, at an estimated total cost of
$740,000.

B. Description of Feasibility Study: The eWCB has reviewed a feasibility study report
on the PROJECT entitled "Feasibility Study: Empire Reservoir Spillway Construction,"
dated April 2005, compiled by Tetra Tech RMC, which is incorporated herein by
reference, and, based ~pon the feasibility report, the CWCB determined the
PROJECT to be technically and financially feasible.
SECTION 3 - CWCB's AUTHORITY

Severance Tax Trust Fund Perpetual 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 CWeB to loan money for water projects from the eWeB 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) e.R.s., authorizes the CWCB to make loans of up to
$5,000,000 from the CWCB's eonstruction 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 May 24, 2005 meeting, the CWCB approved a loan from the Severance Tax Trust
Fund Perpetual Base Account to the BORROWER in an amount up to $672,660 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 2.50% per annum for a
repayment term of 30 years.

SECTION 5 - SCHEDULE OF EXISTING DEBT

The Borrower has no existing debt.

Appendix 1 to Loan Contract C150199
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