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Project Summary - San Luis Valley Water Conservancy District - <br />Contract No. C15269 <br />SECTION 1 -BORROWER INFORMATION <br />Name: San Luis Valley Water Conservancy District, acting by <br /> and through its Water Activity Enterprise <br />Address: 415 San Juan Avenue, Alamosa, CO 81101 <br />Contact: Mike Gibson, Manager <br />Phone Number: (719) 589-2230 Fax Number: (719) 589-2270 <br />E-mail address: slvwcdco1 @qwestoffice.net <br />Type of Entity: The District is a water conservancy district formed <br /> pursuant to and governed by Article 45, Title 37, C.R.S. <br /> and located in Saguache, Mineral and Hinsdale <br /> Counties. The District Water Activity Enterprise is a <br /> water activity enterprise established by the District by <br /> Resolution No. 2008-05, dated June 19, 2008, <br /> pursuant to Article 45.1, Title 37, C.R.S., which <br /> resolution is incorporated herein by reference. The <br /> Enterprise was formed and is operated as an enterprise <br /> within the meaning of Co~o. CorvsT. Art. X, Section 20. <br />Section 2 - Project Description <br />A. Description of PRO~ECT: The BoRROwER applied to the CWCB for a loan to be <br />used to acquire water rights in the Pine River Weminuche Pass Ditch for the <br />District's augmentation program, hereinafter referred to as the PRO~ECT, at an <br />estimated total cost of $720,000. <br />B. Description of Feasibility Study: The CWCB has reviewed a feasibility study <br />report on the PRO~ECT compiled by Davis Engineering Service, Inc., which is <br />incorporated herein by reference, and, based upon the feasibility report, the <br />CWCB determined the PRO~ECT to be technically and financially feasible. <br />SECTION 3 - CWCB'S AUTHORITY <br />Severance Tax Trust Fund Perpetual Base Account: This loan is made pursuant to <br />the provisions of §§ 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 />Section 37-60-122(1)(b) C.R.S., authorizes the CWCB to make loans of up to <br />$10,000,000 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 />SECTION 4 - BOARD APPROVAL <br />Appendix 1 to Loan Contract C150269 <br />Page 1 of 2 <br />