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Project Summary — Town of La Veta, acting by and through its <br />Town of La Veta Water Enterprise — Contract No. C150329 <br />SECTION 1 — BORROWER INFORMATION <br />Name: Town of La Veta, acting by and through its Town <br />of La Veta Water Enterprise <br />Address: P.O. Box 174, La Veta, CO 81055 <br />Contact: Laurie Erwin, Town Clerk <br />Phone Number: 719 - 742 -3631 <br />E -mail address: townoflaveta @centurytel.net <br />Type of Entity: The Town was formed in 1886 and is located in <br />Huerfano County. The Town's Water Enterprise <br />was formed and is operated as an enterprise <br />within the meaning of COLO. CONST. Art. X, <br />Section 20. <br />Section 2 — Project Description <br />A. Description of PROJECT: The BORROWER applied to the CWCB for a loan <br />to be used for the construction of the Outlet Works Modification Project, <br />located in Clear Creek County, hereinafter referred to as the PROJECT, at <br />an estimated total cost of $410,000. <br />B. Description of Feasibility Study: The CWCB has reviewed a feasibility <br />study report on the PROJECT, titled "Storage Feasibility Report", dated <br />October 25, 2011, and compiled by Colorado River Engineering, Inc., with <br />assistance from the Town of La Veta, which is incorporated herein by <br />reference. Based upon the feasibility report, the CWCB determined the <br />PROJECT to be technically and financially feasible. <br />SECTION 3 — CWCB'S AUTHORITY <br />Construction Fund: This loan is made pursuant to the provisions of §§ <br />37 -60 -119 and 37 -60 -120, C.R.S., which authorize the CWCB to loan money <br />for water projects from the CWCB Construction Fund for the benefit of the <br />people of the state, provided that the borrower assures repayment of that <br />money. <br />Small Project Loan: This loan is made pursuant to the provisions of §§ <br />37 -60 -119 and 37 -60 -120, C.R.S., which authorizes the CWCB to loan money <br />for water projects for the benefit of the people of the State, provided that the <br />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 <br />Tax Trust Fund Perpetual Base Account Fund without prior approval from the <br />General Assembly <br />SECTION 4 - BOARD APPROVAL AND LEGISLATIVE AUTHORIZATION <br />Appendix 1 to Loan Contract C150329 <br />Page 1 of 4 <br />