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<br />
<br />BORROWER: CENTRAL WELD COUNTY
<br />WATER DISTRICT, ACTING BY
<br />AND THROUGH ITS WATER
<br />ACTIVITY ENTERPRISE
<br />Contract No. C150122
<br />Project Amount $3,937,500
<br />Loan Service Fee $0
<br />Loan Amount $3,937,500
<br />
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<br />Agency Name: Water Conservation Board
<br />Agency Number PDA
<br />Routing Number 05 PDA pO () 7~;
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<br />LOAN CONTRACT
<br />
<br />(STANDARD CONTRACT - WAIVER #160 - APPROVED NOVEMBER 10, 2003)
<br />
<br />THIS CONTRACT, made this May 1, 2005, by and between the . State of Colorado for
<br />the use and benefit of the Department of Natural Resources, Colorado Water Cons,ervation
<br />Soard ("CWCS" or "STATE"), and Central Weld County Water District, 2235 2nd Avenue,
<br />Greeley, Colorado 80631, acting by and through its Water Activity Enterprise
<br />("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. C150122, Fund Number 424, Appropriation Code S03, Organization VVYV, GSL
<br />C122, Program WTRC, Object Code 5560, Reporting Category 0122.
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<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), CWCS's
<br />authority for making this loan (Section 3), and CWCB Approval and Ll3gislative
<br />Authorization which identifies the amount of the loan and the terms of r6ipayment
<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 th'e amount
<br />of the funds loaned by the CWCB to the BORROWER for the PROJECT. The CWCB
<br />authorized the Loan Amount in November 2002 prior to the OWCS's institution of the
<br />Loan Service Fee, and therefore no loan service fee is charged to the BORHOWER for
<br />this loan.
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