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<br />Project Summary - Central Weld County Water District <br />Contract No. C1150209 <br /> <br />SECTION 1 -BORROWER INFORMATION <br />Name: Central Weld County Water District, acting by and through <br />its Water Activity Enterprise <br />2235 2nd Avenue, Greeley, Colorado 80631 <br />84-0571286 <br />John W. Zadel, General Manager <br />(970) 352-1284 Fax Number: (970) 353-5865 <br />wcwdistrict@qwest.net <br />Special District formed pursuant to and governed by <br />Article 1, Title 32, C.R.S. and located in Weld County. <br />The Central Weld County Water Activity Enterprise is a <br />water activity enterprise established by the District by <br />Resolution dated November 18, 1993, pursuant to Article <br />45.1, Title 37, C.R.S., which resolution is incorporated <br />herein by reference. The Enterprise was formed and is <br />operated as an enterprise within the meaning of COLO. <br />CONST. Art. X, Section 20. <br /> <br />Address: <br />Federal Identification No.: <br />Contact: <br />Phone Number: <br />E-mail address: <br />Type of Entity: <br /> <br />Section 2 - Project Description <br />A. Description of PROJECT: The BORROWER applied to the CWCB for a loan to be <br />used for the construction of the Dry Creel< Reservoir in a 50/50 partnership with <br />the Little Thompson Water District, located in Larimer County, hereinafter <br />referred to as the PROJECT, at an estimated total cost of $21 ,600,000. <br />B. Description of Feasibility Study: The CWCB has reviewed a feasibility study <br />report on the PROJECT compiled by Boyle Engineering Corporation, Lakewood, <br />Colorado, which is incorporated herein by reference, and, based upon the <br />feasibility report, the CWCB determined the PROJECT to be technically and <br />financially feasible. <br />SECTION 3 - CWCB's AUTHORITY <br />Severance Tax Trust Fund Peroetual Base .Account: This loan is made pursuant to <br />the provisions of 99 39-29-109(1 )(a)(I), 37-60-119 and 37-60-120, C.R.S., which <br />authorize the CWCB to loan money for water projects from the CWCB Severance Tax <br />Trust Fund Perpetual Base Account for the benefit of the people of the state, provided <br />that the borrower assures repayment of that money. <br /> <br />Section 37-60-122(1 )(b) C.R.S., authorizes the CWCB to make loans of up to <br />$5,000,000 from the CWCB's Construction Fund and the State Severance Tax Trust <br />Fund Perpetual Base Account Fund without prior approval from the General <br />Assembly. <br /> <br />Appendix 1 to Loan Contract C150209 <br />Page 1 of 4 <br />