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C150194 contract docs
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Last modified
7/28/2011 3:54:12 PM
Creation date
7/23/2010 12:06:10 PM
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Loan Projects
Contract/PO #
C150194
Contractor Name
Central Colorado Water Conservancy District
Contract Type
Loan
Water District
2
County
Adams
Morgan
Weld
Bill Number
SB 05-084
Loan Projects - Doc Type
Contract Documents
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Project Summar�/ — Central Colorado V11.C.D. — Contract No. C150'194 <br />SECTION 1 —BORROWER INFORNIATION <br />Name: Well Augmentation Subdistrict of the Central Colorado <br />Water Conservancy District <br />Address: 3209 W. 28�' Street, Greeley, Colorado 80634-7554 <br />Federal Identification No.: 84-6049901 <br />Contact: Thomas V. Cech, Executive Director <br />Phone Number: (303) 825-0474 Fax Number: (970) 330-4546 <br />E-mail address: tcechQa juno.com <br />Type of Entity: The Well Augmentation Subdistrict of the Central <br />Colorado Water Conservancy District is a water <br />conservancy district formed pursuant to and governed by <br />Article 45, Title 37, C.R.S. and located in Weld, Adams, <br />and Morgan counties. The BoRROVVER held an election <br />on November 2, 2004, whereby voters approved <br />increasing tMe BoRROVUER's debt by up to approximately <br />$39,000,000 based on assessed valuation, to acquire <br />water rights and to construct lined gravel pit water <br />storage, as shown on the BoRROVVER's Official Ballot and <br />Official Election Results, which are incorporated herein <br />by reference. <br />Section 2 - Project Description <br />A. Description Of PROJECT: The BORROWER applied to the CWCB for a loan to <br />acquire water rights and to constru�t lined gravel pit water storage, located in <br />Weld, Adams, and Morgan counties, hereinafter referred to as the PRO�ecT, at an <br />estimated total cost of $22,200,000. <br />B. Description of Feasibility Study: The CWCB has reviewed a feasibility study report <br />on the PRO�ECT compiled by Thomas V. Cech, which is incorporated herein by <br />reference, and, based upon the feasibilifiy report, the CWCB determined the <br />PRO�ECT to be technicatly and financialty feasible. <br />SECTION 3 — C1NCB'S AUTHORITY <br />Severance T� Trust Fund Pervetual 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 />Tnast Fund Perpetual Base Account for the benefit of the people of the state, provided <br />that the borrower assures repayment af that money. <br />SECTION 4- BOARD APPROVAL AND LEGISLATIVE AUTHORIZATION (IF NEEDED) <br />A. At its November 17, 2004 meeting, the CWCB approved a loan from the Severance <br />Tax Trust Fund Perpetual Base Acxount to the BoRROVVER in an amount up to <br />$20,200,000 fOP PROJECT COStS, not to exceed 90% of the cost af the PRO�ECT, WI�I'1 a <br />Appendix 1 to Loan Contract C150194 <br />Page 1 of 4 <br />
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