C150303 Contract

• Contract/PO #: C150303
• Contractor Name: Trinchera Irrigation Company
• Contract Type: Loan
• Water District: 35
• County: Costilla
• Loan Projects - Doc Type: Contract Documents

Project Summary - Trinchera Irrigation Company - Contract No.
C150303
SECTION 1 —BORROWER INFORMATION
Name: Trinchera Irrigation Company
Address: P.O. Box 41, Blanca, CO 81123
Contact: Jane Devine, Office Manager
Phone Number: 719-379-3467
E-mail address: [e-mail]
Type of Entity: a Colorado nonprofit corporation
Section 2 — Project Description
A. Description of PRO�ECT: The BoRROwER applied to the CWCB for a loan to be
used for the construction of the Smith Dam Repairs Project, located in Costilla
County, hereinafter referred to as the PROJECT at an estimated total cost of
$667,000.
B. Description of Feasibility Study: The CWCB has reviewed a feasibility study report
on the PROJECT entitled "Feasibility of Smith Dam Repairs, November 30, 2009"
compiled by Jane Devine with assistance by Allen Davey, P.E., of Davis
Engineering Service, Inc., which is incorporated herein by reference, and, based
upon the feasibility report, the CWCB determined the PRO�ECT to be technically and
financially feasible.
SECTION 3 — CWCB'S AUTHORITY
Construction Fund: This loan is made pursuant to the provisions of §§ 37-60-119 and
37-60-120, C.R.S., which authorize the CWCB to loan money for water projects from
the CWCB Construction Fund for the benefit of the people of the state, provided that
the borrower assures repayment of that money.
Small Proiect Loan: This loan is made pursuant to the provisions of §§ 37-60-119 and
37-60-120, C.R.S., which authorizes the CWCB to loan money for water projects for the
benefit of the people of the State, provided that the borrower assures repayment of that
money.
Section 37-60-122(1)(b) C.R.S., authorizes the CWCB to make loans of up to
$10,000,000 from the CWCB's Construction Fund and the State Severance Tax Trust
Fund Perpetual Base Account Fund without prior approval from the General
Assembly.
SECTION 4 - BOARD APPROVAL
At its January 2010 meeting, the CWCB approved a Small Project Loan from the
Construction Fund to the BoRROwER in an amount up to $606 fOf PROJECT COStS not to
exceed 90% of the cost of the PRO�ECT, with a loan origination fee of 1% in accordance with
CWCB Policy No. 16, at an interest rate of 2.75% per annum for a repayment term of 30
years.
Appendix 1 to Loan Contract C150303
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