Laserfiche WebLink
<br />----' <br />i <br /> <br />I <br />I <br /> <br />; <br />I <br />f <br />i <br />I <br />i <br />i <br /> <br />BORROWER: UPPER ARKANSAS WATER <br />CONSERVANCY DISTRICT, ACTING BY AND <br />THROUGH ITS UPPER ARKANSAS WATER <br />ACTIVITY ENTERPRISE <br />Contract No. C150192 <br />Project Amount $2,980,000 <br />Loan Service Fee $29,800 <br />Loan Amount $3,009,800 <br /> <br />Agency Name: Water Conservation Board <br />Agency Number PDA <br />Routing Number 05 PDA ~()() ~ r <br /> <br />LOAN CONTRACT <br /> <br />(STANDARD CONTRACT - WAIVER #160 - APPRovED NOVEMBER 10, 2003) <br /> <br />THIS CONTRACT, made this February 1, 2005, by and between the State of Colorado <br />for the use and benefit of the Department of Natural Resources, Colorado Water <br />Conservation Board ("CWCB" or "STATE"), ~nd Upper Arkansas Water Conservancy District, <br />'acting by and through its Upper Arkansas Water Activity Enterprise, P.O. Box 1090, Salida, CO <br />81201 ("BORROWER"). ' <br /> <br />FACTUAL RECITALS <br /> <br />1. Authority exists in the law, and funds have been budgeted, appropriated and otherwise <br />made available and a sufficient unencumbered balance thereof remains available for <br />encumbering .and subsequent payment of this contract under: Contract Encumbrance <br />No. C150192, Fund Number 424, Appropriation Code MS5, Organization YYYV, GBL <br />U192, Program WTRC, Object Code 5560, Reporting Category 0192. <br /> <br />2. Required approval, clearance, and coordination have been accomplished from and with <br />appropriate agencies. <br /> <br />3. The PROJECT Summary, attached as Appendix 1 and incorporated herein, contains <br />BORROWER Information (Section 1), the PROJECT Description (Section 2), CWCB's <br />authority for making this loan (Section 3), and CWCB Approval and Legislative <br />Authorization which identifies the amount of the loan and the terms of repayment <br />(Section 4). <br /> <br />4. The CWCB now desires,' by this contract, to loan money to the BORROWER for this <br />PROJECT upon mutually agreeable terms and conditions. <br /> <br />THEREFORE, in consideration of the mutual and dependent covenants contained <br />herein,the parties agree as follows: <br /> <br />A. LOAN PROVISIONS <br /> <br />1. Loan Service Fee. The amount of the loan (LOAN AMOUNT) shall include (1) the <br />amount of the funds loaned by the CWCB to the BORROWER for the PROJECT and (2) <br />a service fee of one percent (1 %) of the PROJECT amount. In the event that the <br />BORROWER does not use the LOAN AMOUNT authorized, the parties shall amend this <br />contract to revise the LOAN AMOUNT including adjustment of the service fee to reflect <br />1 % of the actual LOAN AMOUNT disbursed to the BORROWER. <br /> <br />Page 1 of 10 <br />