C150189 Contract

• Contract/PO #: C150189
• Contractor Name: Larimer and Weld Irrigation Company, The
• Contract Type: Loan
• Water District: 2
• County: Weld
• Loan Projects - Doc Type: Contract Documents

Project Summary - Borrower - Contract No. C150189

SeCTION 1 -BORROWER INFORMATION
Name: Larimer & Weld Irrigation Company
Address: P.O. Box 206, Eaton, CO 80615
Federal Identification No.: 84-0248330
Contact: Barry Anderson, President
Phone Number: [phone] Fax Number: [phone]
E-mail address: none
Type of Entity: a Colorado nonprofit corporation

. Section 2 - Project Description
A. Description of PROJECT: The BORROWER applied to the CWCB for a loan to be
used to replace several structures on the Larimer & Weld Ditch (Eaton Ditch),
including the Lake Lee Dam equalizer check structure, the Big Windsor Reservoir
check and inlet structure, and the Finley check structure, located in Weld County,
hereinafter referred to as the PROJECT, at an estimated total cost of $1,666,700.
B. Description of Feasibility Study: The CWCB has reviewed a feasibility study report
on the PROJECT entitled "Feasibility Study for Lake Lee Dam and Big Windsor Inlet,"
dated July 2004, compiled byDuane Smith, P.E. of 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 Peroetual Base Account: :This loan is made pursuant to
the provisions of 99 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 37-60-122(1)(b) C.R.S., authorizes the CWCB to make loans of up to
$5,000,000 from the CWCB's Construction Fund and the State Severance Tax Trust
Fund Perpetual Base Account Fund without prior approval from the General Assembly

SECTION 4 - BOARD APPROVAL

At its September 2004 meeting, the CWCB approved a from the Severance Tax Trust Fund
Perpetual Base Account to the BORROWER in an amount up to $1,500,000 for PROJECT costs
plus $15,000 for the 1 % loan service charge for a total loan amount of $1,515,000, with
repayment terms of 2.50% per annum for 30 years.

SeCTION 5 - SCHEDULE OF EXISTING DEBT

Borrower has one outstanding loan with the Colorado Water Conservation Board, dated
December 1, 2002, Contract No. C1501 09, with an original loan amount of $1 ,000,000 and

Appendix 1 to Loan Contract C150189