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� <br />� <br />� <br />� <br />Project Summary - Mildred L. Rothe - Contract No. C150146 <br />SECTION 1 —BORROWER INFORMATION <br />Name: <br />Federal ID No.: <br />Address: <br />Phone Number: <br />Mildred L. Rothe <br />524-24-3391 <br />15160 Highway 144 #16 <br />Fort Morgan Colorado 80701 <br />970-645-2427 Fax Number: 970-645-0156 <br />Contact: Larry Rothe, Manager <br />Phone Number: 970-645-2427 Home Number: 970-867-7968 <br />Email: Irothe@aol.com <br />Type of Entity: Colorado individual <br />SECTION 2 — PROJECT DESCRIPTION <br />Description Of PROJECT The BoRROw ' an owner of the Rothe Farm, <br />consisting of 9,000 acres, includ �es of irrigated farmland. The <br />BoRROwER applied for a$353,482 loa ,,t the construction of a water recharge <br />project consisting of several recharge wells ta n wells, recharge ponds, and <br />pipelines that will generate augm cr o letions for 17 irrigation wells <br />used on the Rothe Farm (" PROJEC ) t I t of approximately $393,000. <br />Description of Feasibitity Study: he CWCB has reviewed a feasibility study report <br />on the PRO�ECT prepared by Brent Nation, P.E., entitled Feasibility of Construction <br />of the Rofhe Augmentation Project, dated July 2003, which is incorporated herein by <br />reference, and, based upon the feasibility report, the CWCB determined the <br />PRO�ECT to be technically and financially feasible. <br />SECTION 3 — CWCB'S AUTHORITY <br />Smal/ Proiect Loan: This loan is made pursuant to the provisions of §§ 37-60-119 <br />and 37-60-120, C.R.S., which authorizes the CWCB to loan money for water <br />projects for the benefit of the people of the State, provided that the borrower <br />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 />$5,000,000 from the CWCB's Construction Fund and the State Severance Tax <br />Trust Fund Perpetual Base Account Fund without prior approval from the General <br />Assembly <br />SECTION 4 - BOARD APPROVAL <br />At its July 2003, meeting, the CWCB approved a loan to the BORROWER If1 an <br />amount up to $353,482 for Project costs, with terms of 2.5% per annum for a <br />repayment term of 30 years plus a 1% loan senrice charge in the amount of $3,535 <br />for a total loan amount of $357,017. <br />Appendix 1 to Loan Contract C150146 <br />