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Project Summary - Little Thompson WD - Contract No. C150121 SECTION 1 -BORROWER INFORMATION Name: Little Thompson Water District acting by and through the Little Thompson Water District Water Activity Enterprise Address: P. O. Box G, Berthoud, CO 805123 Federal Identification No.: 84-6014562 Contact: Hank Whittet, District Manager Phone Number: 970-532-2096 Fax Number: 970-532-3734 E-mail address: hank@ltwd.org Type of:Entity: Special District formed pursuant to and governed by Article 1, Title 32, C.RS. and located in Larimer County. The Little Thompson Water District's Water Activity Enterprise is an enterprise established by Resolution No. 93-1, dated December 2, 1993, pursuant to Article 45.1, Title 37, C.RS., 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. SECTION 2 - PROJECT DESCRIPTION Description of PROJECT: The BORROWER applied to the CWCB for a loan to be used for the construction of Dry Creek Reservoir, a water storage reservoir located in Larimer County, hereinafter referred to as the PROJECT, at an estimated total cost of $10,500,000. Description of Feasibility Study: The CWCB has reviewed "Feasibility Study for Construction of Dry Creek Reservoir' dated January 2003, compiled by Smith Geotechnical of Fort Collins, 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 Peroetual 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.RS., which authorize the CWCB to loan money for water projects from the CWCB Severance Tax Trust Fund Perpetual Base Acqount 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 2002 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 4.05% per annum for 20 years. The interest rate is based on a blended Municipal Middle/High Income. Pursuant to Senate Bill 03-110 Section 2.b, the Colorado General Assembly authorized CWCB to loan to the BORROWER an amount up to $3,937,500 for the PROJECT. Appendix 1 to Loan Contract C150121 ,:trti.. __,