C150269 Contract

• Contract/PO #: C150269
• Contractor Name: San Luis Valley Water Conservancy District
• Contract Type: Loan
• Water District: 0
• County: Alamosa
• Loan Projects - Doc Type: Contract Documents

WHITEING & SMITH
ATTORNEYS AT LAW
1136 PEARI. STREET, StiITE 203
BO€JLDF,R, COLORADO 80302
JEANNE S. WHITEING
TOD J. SMITH
PHONE [phone]
FAX [phone]
EMAILtodCa~whiteingsmith.com
October 2, 2008
Vaughan McWilliams
Colorado Water Conservation Board
Water Supply Planning and Finance Section
1580 Logan Street, Suite 750
Denver, Colorado 80203
Re: San Luis Valfey Water Conservancy ~3istrict
Loan Contract No. C150269
De~r Mr. McWilliams:
This Attorney Opinion Letter is provided in compliance with paragraph 7 of the
proposed Loan Contract No. 150269 (the " Contract" ), between the Colorado Water
Conservation Board (the " CWCB" ) and the San Luis Valley Water Conservancy District,
acting by and through its Water Activity Enterprise (the " Borrower" ). The firm of Whiteing
& Smith serves as general legal counsel to the District. To the best of my knowledge, the
Borrower does not employ a" bond counsel" as referenced in paragraph 7.
In response to the information requested in paragraph 7, it is my opinion that:
1. In accordance with Section 8, paragrapt-, g of the Borrower's By-Laws,
adopted pursuant to Resolution No. 2007-03, May 17, 2007, the President is authorized to
and has executed the Contract which binds the Borrower.
2. Resolution No. 2008-06, dated June 19, 2008, duly adopted by the
Borrower's Board of Directors and executed by the President, authorized the District,
through its Water Activity Enterprise, to apply for and obtain the loan provided for in the
Contract. Section 8, paragraph g of the Borrower's By-Laws authorizes the President to
execute the Contract.
3. There are no provisions in the Colorado Constitution or any other state or
local law that prevents the Contract from binding the Borrower.