Laserfiche WebLink
<br />CARTER & SANDSp p~C~ <br /> <br />201 West Third Street, Suite 201 P.O. Box 192 <br /> <br />Rifle, Colorado 81650-0192 <br /> <br />Attorneys at Law - Established 1980 <br /> <br />Stephen L. Carter <br />Edward P. Sands <br /> <br />Telephone: 970-625-1075 <br />Facsimile: 970-625-3989 <br />Email: ed@cartersands.com <br />http://www.cartersands.com <br /> <br />March 21, 2007 <br /> <br />Colorado Water Conservation Board <br />Attn: Vaughn McWilliams <br />1580 Logan Street, Suite 750 <br />Denver, CO 80203 <br /> <br />Ladies and Gentlemen: <br /> <br />I am an attorney admitted to practice in the State of Colorado and I have acted as <br />counsel to the Town of DeBeque, Colorado, acting by and through its Irrigation System <br />Enterprise (the "Governmental Agency"), which has entered into a Loan Contract with the <br />Colorado Water Conservation Board ("CWCB"), and have acted as such in connection with <br />the authorization, execution and delivery by the Governmental Agency of the Loan Contract. <br /> <br />In so acting, I have examined the Constitution and laws of the State of Colorado and <br />the ordinances and regulations of the Governmental Agency. I have also examined originals, <br />or copies certified or otherwise identified to my satisfaction, of the following: <br /> <br />1. The Loan Contract, dated March 14, 2007 (the "Loan Contract") by and <br />between the CWCB and the Governmental Agency; <br /> <br />2. Proceedings of the governing body of the Governmental Agency relating to the <br />approval of the Loan Contract and the execution, issuance and del ivery thereof <br />on behalf of the Governmental Agency, and the authorization of the <br />undertaking and completion of the Project (as defined in the Loan Contract); <br />and <br /> <br />3. The Promissory Note issued by the Governmental Agency to the CWCB to <br />evidence the Loan; and <br /> <br />I have also examined and relied upon originals, or copies certified or otherwise <br />authenticated to my satisfaction, of such other records, documents, certificates and other <br />instruments and made such investigation of law as in my judgment I have deemed necessary <br />or appropriate to enable me to render the opinions expressed below. <br /> <br />Based upon the foregoing, I am of the opinion that: <br />