C150306 contract docs

• Contract/PO #: C150306
• Contractor Name: Consolidated Extension Canal Company
• Contract Type: Loan
• Water District: 0
• County: Bent
• Loan Projects - Doc Type: Contract Documents

Project Summary — The Consolidated Extension Canal Company —
Contract No. C150306
SECTION 1 — BORROWER INFORMATION
Name: The Consolidated Extension Canal Company
Address: 4653 Table Mountain Drive, Golden, CO 80403
Contact: Amy Willhite, Secretary/Treasurer
Phone Number: 720 - 497 -2026
E -mail address: amy.a.willhite @xcelenergy.com
Type of Entity: a Colorado nonprofit corporation
Section 2 — Project Description
A. Description Of PROJECT: The BORROWER applied to the CWCB for a loan to be used for
the Las Animas Consolidated Canal Diversion Project, located in Bent County, hereinafter
referred to as the PROJECT, at an estimated total cost of $1,275,000.
B. Description of Feasibility Study: The CWCB has reviewed a feasibility study report on the
PROJECT entitled "Feasibility Study for the Emergency Repair of the Las Animas
Consolidated Canal Diversion Dam," dated February 2010, compiled by Amy Willhite and
Steve Jamieson, P.E., of W.W. Wheeler & Associates, Inc., which is incorporated herein by
reference, and, based upon the feasibility report, the CWCB determined the PROJECT 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 May 2010 meeting, the CWCB approved a Small Project Loan from the Construction
Fund to the BORROWER in an amount up to $180,285 for PROJECT costs, not to exceed 90% of
the cost of the PROJECT, 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.
SECTION 5 — SCHEDULE OF EXISTING DEBT
No existing debt.
SECTION 6 - COLLATERAL
The collateral provided for this loan, as evidenced by the executed Security Agreement, in the
form attached as Appendix 4 and incorporated herein, shall be a pledge of the Borrower's
Appendix 1 to Loan Contract C150306
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