C150122 Contract

• Contract/PO #: C150122
• Contractor Name: Central Weld County Water District
• Contract Type: Loan
• Water District: 4
• County: Larimer
• Bill Number: SB 03-110
• Loan Projects - Doc Type: Contract Documents

PROJECT SUMMARY _ CENTRAL WELD COUNTY WATER DISTRICT - CONTRACT No. C15~0122

SECTION 1 -BORROWER INFORMATION
Name: Central Weld County Water District, acting by and through
its Water Activity Enterprise
2235 2nd Avenue, Greeley, Colorado 80631
84-0571286
John W. Zadel, General Manager
[phone] Fax Number: [phone]
[e-mail]
Special District formed pursuant to and governed by
Article 1, Title 32, C.R.S. and located in Weld County.
The Central Weld County Water Activity Enterprise is a
water activity enterprise established by the District by
Resolution dated November 18, 1993, pursuant to Article
45.1, Title 37, C. R.S., which resolution is incorporated
herein by reference. The Enterprise was formed and is
operated as an enterprise within the meaning of COLO.
CONST. Art. X, Section 20.

Address:
Federal Identification No.:
Contact:
Phone Number:
E-mail address:
Type of Entity:

Section 2 - Project Description
A. Description of PROJECT: The BORROWER applied to the CWCB for a loan to be
used for the construction of a new water storage reservoir, located in Larimer
County, hereinafter referred to as the PROJECT, at an estimated total cost of
$10,500,000.

B. Description of Feasibility Study: The eWCB has reviewed a feasibility study report
on the PROJECT compiled by Smith Geotechnical Engineering Consultants, 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

Severance Tax Trust Fund Perpetual Base Account: This loan is made pursuant to
the provisions of SS 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 4. BOARD ApPROVAL AND LEGISLATIVE AUTHORIZATION (IF NEEDED)

At its November 2003 meeting, the CWCB approved a Loan from the Severance Tax
Trust Fund Perpetual Base Account to the BORROWER in an amount up to $3,937,500 for
PROJECT costs, with repayment terms of 4.15% per annum for 20 years.

Pursuant to Bill 03-110, Section 2.b, the Colorado General Assembly alJthorized
CWeB to loan to the BORROWER an amount up to $3,937,500 for the PROJECT

AppendiX 1 to Loan Contract C150122
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