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GRANTEE: SOUTH PLATTE WELL USERS <br />ASSOCIATION <br />Contract No. C150196 <br />Contract Amount $106,730.12 <br />Agency Name: Water Conservation Board <br />Agency Number PDA <br />Routing Number 06 �lJ�f l�vof/ <br />G RANT CONTRACT <br />THIS GRANT CONTRACT, made this January 16, 2006, by and between the <br />State of Colorado for the use and benefit of the Department of Natural Resources, <br />Colorado Water Conservation Board, ("CWCB" or " STATE "), and South Platte Well Users <br />Association, P.O. Box 1761, Greeley, CO 80632, a Colorado nonprofit corporation <br />("GRANTEE" OR "CONTRACTOR"�. <br />FACTUAL RECITALS <br />1. Authority exists in the law, and funds have been budgeted, appropriated and <br />otherwise made available and a sufficient unencumbered balance thereof remains <br />available for payment as follows: Fund Number 424, Organization YYYY, GBL S196, <br />Appropriation Code AED, Program WTRC, Object Code 5781, Contract Encumbrance <br />No. C150196. <br />2. Required approval, clearance, and coordination have been accomplished from and <br />with appropriate agencies. <br />3. Senate Bill 02S-001 authorizes the CWCB to make loans and grants to agricultural <br />organizations for emergency drought-related water augmentation purposes from the <br />CWCB Severance Tax Trust Fund Perpetual Base Account, based on <br />recommendations from the Director of the CWCB, the State Engineer, the <br />Commissioner of Agriculture and the Executive Director of the Department of Natural <br />Resources. Such loans or grants may only be made if, pursuant to state or federal <br />law, any portion of Colorado has received emergency drought designation or a <br />disaster emergency been proclaimed due to drought. <br />4. Grantee submitted a grant application, dated January 27, 2005 ("Application"), to <br />CWCB for reimbursement of funds expended in connection with the lease and <br />delivery of augmentation water during 2003 and 2004, in excess of normal years due <br />to the drought, described in Grantee's Application. � <br />5. The APPLICATION was approved for funding, in accordance with the Agricultural <br />Emergency Drought Response Grant Guidelines/Procedures dated September 2004, <br />in the amount of $106,730.12 ("Grant") by the Director of the CWCB and the State <br />Engineer on May 25, 2005, after consulting with the Commissioner of Agriculture and <br />the Executive Director of the Department of Natural Resources. The Letter of <br />Approval and Grantee's letter is attached hereto as Appendix 1. <br />NOW THEREFORE, in consideration of the mutual and dependent covenants <br />contained herein, the parties agree as follows: <br />A. Grant of funds. CWCB hereby grants to the Grantee the sum of $106,730.12 as <br />reimbursement of costs expended by Grantee in connection with the expenditure of <br />Grant Contract No. C150196 <br />Page 1 of 6 <br />