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I 1 1'7 �O "'y"Ji,taa.,(JwM.. .�,d`. <br />�J �d <br />f <br />Department of Energy <br />Western Area Power Administration <br />P.O. Box 281213 <br />Lakewood, CO 80228-8213 <br />BY TELEFAX AND FIRST CLASS MAIL <br />December 2, 2004 <br />Mr. Mike Seriet <br />Colorado Water Conservation Board <br />Water Supply Planning and Finance Section <br />1580 Logan Street, Suite 750 <br />Denver, CO 80203 <br />Dear Mr. Serlet: <br />I am an attorney with the Western Area Power Administration (Western), Office of <br />General Counsel. I represent Western in general and in particular Western's Colorado <br />River Storage Project — Management Center. Western desires to enter into a Loan <br />Contact (C150176) with, and to borrow funds from, the Colorado Water Conservation <br />Board (CWCB). Pursuant to section A.8 of Loan Contract C150176, it is my opinion <br />that: <br />a. the Loan Contract will be duly executed by an officer of Western who is duly <br />delegated and is authorized to execute the Loan Contract and to bind Western; <br />b. there is no provision of any Federal law that prevents the Loan Contract from binding <br />Western; and <br />c. the Loan Contract will be valid and binding against Western if entered into by the <br />CWCB. <br />Thank you for your willingness to enter into this Loan Contract with Western. Should <br />vou require any additional information, please feel free to contact me directly at (720) <br />962-7019. <br />Sincerely, <br />�,�. �1. � <br />ohn D. Bremer <br />Attorney <br />