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C150312 contract docs
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C150312 contract docs
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Last modified
6/9/2011 10:21:06 AM
Creation date
12/28/2010 10:07:35 AM
Metadata
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Template:
Loan Projects
Contract/PO #
C150312
Contractor Name
Swan's Nest Metropolitan District - Water Enterprise
Contract Type
Loan
Water District
36
County
Summit
Loan Projects - Doc Type
Contract Documents
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� � <br />Project Summary — Swan's Nest Metropolitan District — Contract No. <br />C 150312 <br />SECTION 1 —BORROWER INFORMATION <br />Name: Swan's Nest Metropolitan District, acting by and through <br />its Water Activity Enterprise <br />Address: 375 Revett Drive, Breckenridge, CO 80424 <br />Contact: Alan Wickert, Board President <br />Phone Number: 970-453-4778 <br />E-mail address: awick10533@aol.com <br />Type of Entity: The BoRROwER is a Colorado Title 32 Special District, <br />and is located in Summit County, Colorado. The Water <br />Activity Enterprise is a water activity enterprise <br />established by the Swan's Nest Metropolitan District <br />pursuant to Article 45.1, Title 37, C.R.S. The <br />Enterprise was formed and is operated as an enterprise <br />within the meaning of Co�o. CoNST. Art. X, Section 20. <br />Section 2 — Project Description <br />A. Description of PRO�ECT: The BoRROwER applied to the CWCB for a loan to be <br />used for the acquisition of certain water rights and improvements, located in <br />Summit County, hereinafter referred to as the PRO�ECT, at an estimated total cost <br />of $285, 000. <br />B. Description of Feasibility Study: The CWCB has reviewed a feasibility study <br />report on the PRO�ECT compiled by Alan Wickert, with assistance from Peter <br />Boddie, Senior Hydrologist with HRS Water Consultants, which is incorporated <br />herein by reference, and, based upon the feasibility report, the CWCB determined <br />the PRO�ECr to be technically and financially feasible. <br />SECTION 3 — CWCB'S AUTHORITY <br />Construction Fund: This loan is made pursuant to the provisions of §§ 37-60-119 <br />and 37-60-120, C.R.S., which authorize the CWCB to loan money for water projects <br />from the CWCB Construction Fund for the benefit of the people of the state, provided <br />that the borrower 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 />$10,000,000 from the CWCB's Construction Fund and the State Severance Tax Trust <br />Fund Perpetual Base Account Fund without prior approval from the General <br />Assembly. <br />SECTION 5— SCHEDULE OF EXISTING DEBT <br />No existing debt tied to the District's enterprise fund. <br />SECTION 6— ADDITIONAL CONDITIONS 8� CONTRACT REQUIREMENTS <br />Appendix 1 to Loan Contract C150312 <br />Page 1 of 2 <br />
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