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THE PARIIES HERETO HAVE IXECUTED THIS CONTRACT <br />BoRROwER: Penrose Water District, <br />ac�ing by ar�d tnrougn its water activ�tjr <br />Enterprise <br />gy �- <br />C a tte Norm n, President <br />State of <br />Bl�� �l� <br />For the <br />Departme of Naturat Resources <br />Colorado ,ater Conservation Board <br />(CORPORATE <br />�EAL) <br />Attest <br />y <br />arvetta Cario , Secnetary-Treasur� <br />ALL CONTRAGTS MUST BE APPROVED BY THE STATE CONTROLLER <br />CRS 24-30-202 requires that #he S#ate Controlier approve all state co�acts. This <br />contra�ct is not valid urrtil the SYa#e Controller, or such assistarrt as he may <br />delegate, has signed it. The corrtractor is not authorized to begin performance <br />ur�l the carr�tra� �s signec! and datecf helow. ff perforrreance begens prior to the <br />date below, the State of Cotorado may not be obliga#ed to pay for #�e goods <br />and/or services provided. <br />David J. McDermott, CPA, State Controller <br />B ��-- . <br />EfFective Date �'Z�'��O �O <br />Loan Contract C150�37 <br />Page 11 of 11 <br />