C150218 Contract

• Contract/PO #: C150218
• Contractor Name: Hope Ditch Company
• Contract Type: Loan
• Water District: 1
• County: Adams
• Loan Projects - Doc Type: Contract Documents

Project Summary - Hope Ditch Co. - Contract No. C150218

SECTION 1 -BORROWER INFORMATION
Name: Hope Ditch Company
Address: 2531 East 165th Ave., Brighton, CO 80602
Federal Identification No.: 84-1236749
Contact: David Force, Treasurer
Phone Number: [phone] Fax Number: [phone]
E-mail address:[e-mail]
Type of Entity: a Colorado nonprofit corporation

Section 2 - Project Description
A. Description of PROJECT: The BORROWER applied to the CWCB for a loan to be
used to replace an existing well for a domestic water supply, located in Adams
County, hereinafter referred to as the PROJECT, at an estimated total cost of
$170,000.

B. Description of Feasibility Study: The CWCB has reviewed a feasibility study report
on the PROJECT entitled "Feasibility of Replacement Well for Hope Ditch Company,"
dated December 2005, compiled by David Hull, eolorado Water Well, 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
Construction Fund: This loan is made pursuant to the provisions of 9937-60-119 and
37-60-120, C.R.S., which authorize the CWCB to loan money for water projects from
the CWeB Construction Fund 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 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 January 25, 2006 meeting, the CWCS approved a Small Project Loan from the
Construction Fund to the BORROWER in an amount up to $154,530 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 3.75% per annum for a repayment term of 30
years.

SECTION 5 - SCHEDULE OF EXISTING DEBT

No existing debt.

SECTION 6 - COLLATERAL

The collateral provided for this loan, as evidenced by the executed Deed of Trust, in

Appendix 1 to Loan Contract C150218
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