C150207 Contract & Amend 1

• Contract/PO #: C150207
• Contractor Name: East Mancos Highline Ditch Company
• Contract Type: Loan
• Water District: 0
• County: Montezuma
• Loan Projects - Doc Type: Contract Documents

Project Summary — East Mancos Highline Ditch Co.
Contract No. C150207
SECTION 1 —BORROWER INFORMATION
Name: East Mancos Highline Ditch Company
Address: 43930 Hwy 160, Mancos, Colorado 81328
Federal Identification No.: 84-1597601
Contact: Regina Williams, Secretary-Treasurer
Phone Number: [phone]
Fax Number: [phone]
E-mail address: [e-mail]
Type of Entity: a Colo�ado nonprofit corporation
SECTION 2 — PROJECT DESCRtPTION
Description of PRO�ECT: The BoRROwER applied to the CWCB for a loan to be used
for installation of pipeline in the existing East Mancos Highline Ditch corridor, located
in Montezuma County, hereinafter referred to as the PRO�ECT, at an estimated total
cost of $904,000.
Description of Feasibility Study: The CWCB has reviewed a feasibility study report on
the PRO�ECT entitled "The East Mancos Highline Ditch Pipeline Projecf," dated May
2005, which is incorporated herein by reference, and, based upon the feasibility report,
the CWCB determined the PRO�ECT 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 §§ 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 Assembfy
SECTION 4- BOARD APPROVAL AND LEGISLATIVE AUTHORIZATION �IF NEEDED�
At its Juty 2004 meeting, the CWCB approved a Small Project Loan from the Construction
Severance Tax Trust Fund Perpetual Base Account to the BoRROwER in an amount up to
$904 fOt" PROJECT COStS plus $8,950 for the 1% loan service charge for a total loan
amount of $9,040 for the 1% loan service charge, with repayment terms of 2.50% per
annum for 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
the form attached as Appendix 5 and incorporated herein, shall be an undivided one
Appendix 1 to Loan Contract C150207
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