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<br />"" <br />.'~ j, . <br /> <br />~3TATE OF COLORADO <br /> <br />Colorado Water Conservation Board' <br /> <br />Department of Natura! Resources <br />1580 Logan Street, Suite 750 <br />Denver, Colorado 80203 <br />www.cwcb.state.co.us <br /> <br /> <br />April 10,2003 <br /> <br />Bill Owens <br />Governor <br /> <br />Town of Paonia <br />Attn: John Norris, Town Manager <br />P. O. Box 460 <br />Paonia, CO 81428-0460 <br /> <br />Greg E. Walcher <br />. Executive Director <br /> <br />Rod Kuharich <br />CWCB Director <br /> <br />Dan McAuliffe <br />Deputy Director <br /> <br />Subject: Loan Contract C150131 <br /> <br />Dear Mr. Norris: <br /> <br />Enclosed for review are the contract documents for the loan from the Colorado Water <br />Conservation Board (CWCB) in the amount of $1,000,000 for purchase of the 317 <br />water taps. <br /> <br />The enclosed contract documents consist of the loan contract, project summary <br />(appendix 1 ), promissory note (appendix 2), and security agreement (appendix 4). <br /> <br />The following will be needed during the contracting process. <br /> <br />1. Water Activity Enterprise. Please send me a copy of the resolution adopted by <br />the Town that established thEI water activity enterprise including the signature <br />page when you return the contract documents~ The copy that was faxed to me <br />did not include the signature page. <br /> <br />2. Resolutions or ordinances. Tlhe Town, acting by and through its water activity <br />enterprise, must adopt resolutions (or ordinances) that are in accordance with <br />Paragraph A.5 of the loan contract. When the Town/Enterprise's proposed <br />resolution has been drafted, please provide me with ~ copy to review to make <br />sure it satisfies the CWCB requirements. Also, I will use the description of the <br />revenues in the security agn3ement (collateral description) and send you a <br />revised version. <br /> <br />3. Attorney Opinion Letter. The Town's bond counsel must provide an opinion <br />letter pursuant to Paragraph A.6 of the loan contract. I have included an <br />additional set of loan contract documents for the bond counsel after the Town <br />selects one. <br /> <br />4. CWCB Forms. There are two forms enclosed that must be filled out and <br />returned when the loan contrad is returned: (1) a W-9 Request for Taxpayer <br /> <br />Jan [Wan - Phone 303-866-3462- Fax 303-894-2578 <br />