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C150090 PIF Contract
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C150090 PIF Contract
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Last modified
11/8/2012 9:37:16 AM
Creation date
11/8/2012 9:25:30 AM
Metadata
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Loan Projects
Contract/PO #
C150090
Contractor Name
Parker Water and Sanitation District
Contract Type
Loan
Water District
8
County
Douglas
Bill Number
HB 02-1152
Loan Projects - Doc Type
Contract Documents
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BORROWER: PARKER WATER AND Agency Name: Water Conservation Board <br />SANITATION DISTRICT ENTERPRISE Agency Number PDA <br />Contract No. C150090 Routing Number 03 PDA 0005'7 <br />Loan Amount $15,000,0090 <br />LOAN CONTRACT <br />THIS CONTRACT, made this November 14, 2002, by and between the State of <br />Colorado for the use and benefit of the Department of Natural Resources, Colorado Water <br />Conservation Board ( "STATE" or "CWCB "), and the Parker Water and Sanitation District, <br />acting by and through its Water Activity Enterprise and its Sanitary Sewer Activity <br />Enterprise, 19801 E. Mainstreet, Parker, CO 80138 ( "BORROWER" or "CONTRACTOR "). <br />FACTUAL RECITALS <br />1. Authority exists in the law, and funds have been budgeted, appropriated and otherwise <br />made available and a sufficient unencumbered balance thereof remains available for <br />encumbering and subsequent payment of this contract as follow: Contract Encumbrance <br />No. C150090, Fund Number 424, Organization YYYY, Appropriation Code S02, GBL <br />P090, Program WTRC, Object Code 5560, Reporting Category 0090. <br />2. Required approval, clearance, and coordination have been accomplished from and with <br />appropriate agencies. <br />3. The PROJECT Summary, attached as Appendi 1 <br />BORROWER Information (Section <br />authority for making this loan <br />Authorization which defines the <br />(Section 4). <br />1), Ae <br />(Se <br />a <br />4. The CWCB now desires, by this co <br />PROJECT upon mutually agreeable ten <br />THEREFORE, in consideration of tl <br />herein, the parties agree as follows: <br />and incorporated herein, contains <br />Description (Section 2), CWCB's <br />CAB,, Approval and Legislative <br />lkn , the terms of repayment <br />to the BORROWER for this <br />lent covenants contained <br />A. LOAN PROVISIONS <br />1. Promissory Note Provisions. The CWCB agrees to loan to the BORROWER an <br />amount not to exceed the LOAN AMOUNT and the BORROWER agrees to repay the loan in <br />accordance with the terms as set forth in the Promissory Note, in the form attached <br />hereto as Appendix 2 and incorporated herein. The attached Promissory Note shall <br />identify the LOAN AMOUNT. If the amount of loan funds disbursed by the CWCB to the <br />BORROWER differs from the LOAN AMOUNT, the Parties agree to amend this contract to <br />revise the LOAN AMOUNT. <br />2. The promissory note attached to the contract is issued and delivered pursuant to <br />portions of Supplemental Public Securities Act, constituting Title 11, Article 57, Part 2, <br />C.R.S. (the "Supplemental Act "). Pursuant to Section 11 -57 -210 of the Supplemental <br />Act, such recital shall be conclusive evidence of the validity and the regularity of the <br />issuance of this promissory note after its delivery for value. <br />3. Interest Prior to PROJECT Completion. As the loan funds are disbursed by the CWCB <br />to the BORROWER, interest shall accrue at the rate of 4.50 %. The CWCB shall calculate <br />Page 1 of 10 <br />
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