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C153667 PIF Contract
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C153667 PIF Contract
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Last modified
11/1/2012 11:57:05 AM
Creation date
11/1/2012 8:13:50 AM
Metadata
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Loan Projects
Contract/PO #
C153667
Contractor Name
Wamsley Cattle Company
Contract Type
Loan
Water District
47
County
Jackson
Bill Number
HB 93-1273
Loan Projects - Doc Type
Contract Documents
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A <br />IN THE UNITED STATES BANKRUPTCY COURT <br />FOR THE DISTRICT OF COLORADO <br />IN RE: '- <br />5RADFC`•._ . <br />Wamsley Cattle Company, Inc. ) Cad L •No'.- 88 •B 12833.'A <br />A Corporation, <br />EIN 84- 0491966 ) Chapter 12 <br />Debtor. ) MC No. KSC -01 <br />ORDER GRANTING DEBTOR'S MOTION TO OBTAIN CREDIT <br />AND TO APPROVE SUBORDINATION AGREEMENT <br />This matter comes before the Court on the Debtors Motion to <br />Obtain Credit and to Approve Subordination Agreement, (Motion.) <br />and the court finds that no timely objections were- "filed, and <br />that good grounds exist for granting the Motion; <br />IT IS HEREBY ORDERED: <br />1. That the Motion is granted; <br />2. That the Debtor may obtain the requested Credit from the <br />State of Colorado in the sum of $45 f purposes of <br />rehabilitating the Pole Mountain Dam a sere, pursuant <br />to the terms of the proposed Agre <br />3. That the State of Colorado shall an as collateral <br />for the loan a first and paramou a he Reservoir, <br />surrounding land and appurtenant wate r described as <br />follows: <br />SW 1/4 of SE 1/4 of SeGo1 '5 <br />SE 1/4 of SE 1/4 of Secto 5 <br />NE 1/4 of NE 1/4 of Section 8 <br />NW 1/4 of NW 1/4 of Section 9 <br />W 1/4 of SW 1/4 of SW 1/4 of Section 4 <br />Township 6 North, Range 81 West of the -6th P.M. County <br />of Jackson, State of Colorado <br />Consisting of 180 acres, more or less; together with <br />the reservoir storage rights, improvements to be made, <br />and all easements and other rights pertaining to it. <br />4. Farm Credit Bank shall subordinate its liens as to the above <br />property so Debtor can grant a first lien thereon to the <br />State of Colorado. <br />5. The Subordination Agreement attached to the Motion, and any <br />other documents necessary to consummate the transaction <br />shall be executed promptly by the respective parties. <br />BY THE COURT: <br />Dated • <br />United S aces Bankruptcy Court Judge <br />NOTICE OF ENT Ry ON' DOME, T <br />`•`ltice is Herehy Divan that Pursua ^t to R: 6e 9-022, <br />.'. the Order of .Jud ;:nevi ✓«S <br />-1111 - 4:5 � -- EXHIBIT B -1 <br />Gl n 1 A <br />
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