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Addendum to Center of Colorado Water Conservancy District's <br />Loan Application to CWCB for Smelter Pipeline Reservoir Project <br />Page 5 <br />Center of Colorado needs no additional access approvals or rights of way for the <br />Project. <br />K. SPR Project Costs: Center intends to conditionally award the Project to <br />Hudick Excavating for $565,800.00. The condition on the award is that Center <br />obtains a commitment for financing for the Project by July 31, 2012. Once the <br />financing contingency has been removed, Center will issue Hudick Excavating the <br />notice to proceed. Construction is anticipated to be completed within <br />approximately 90 days from commencement. <br />L. Implementation Schedule. Construction of the project will commence after <br />the Center's financing for the Project has been approved. Construction should be <br />completed by approximately 12/31/12. No other project approvals, permits or land <br />acquisitions are required. <br />M. Tabor compliance. Center obtained approval from the voters of Park <br />County at the November, 2010 general election to borrow funds for the SPR <br />Project. A copy of the approved ballot initiative is attached. <br />Prepared by: James W. Culichia <br />Felt, Monson & Culichia, LLC <br />319 North Weber Street <br />Colorado Springs, CO 80903 <br />a wcCcafmcwater.com <br />719 -471 -1212 <br />List of Attachments <br />Decree for SPR Case No. W-4322 <br />Decree for enlargement of SPR Case No. 09CW145 <br />2010 Ballot initiative language �tooq /aoio Aid � -kcd Krav,64 c.,4-1,-,-As <br />2012 Budget and Cash Flow projection <br />October 11, 2011 letter from Division Engineer re outlet <br />November 25, 2011 Nationwide 404 Permit <br />March 12, 2010 letter from Park County re 1041 Permit exemption <br />Project Manual and specifications for SPR Project <br />- Hudick Excavating Bid April 26, 2012 <br />Revised Bid Memorandum <br />