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Project Summary - Snowmass Water & Sanitation District, acting by <br />and through its Water Activity Enterprise - Contract No. C150294 <br />SECTION 1 — BORROWER INFORMATION <br />Name: Snowmass Water & Sanitation District, acting by and <br />through its Water Activity Enterprise <br />Address: P.O. Box 5700, Snowmass Village, CO 81615 <br />Contact: Kit Hamby <br />Phone Number: 970 - 923 -2056 Fax Number: <br />E -mail address: khamby @swsd.org <br />Type of Entity: The District is a water & sanitation district formed <br />pursuant to and governed by Article 45, Title 37, C.R.S. <br />and located in Pitkin County. The District Water <br />Activity Enterprise was formed and is operated as an <br />enterprise 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 to be <br />used for the construction of the Zeigler Reservoir Water Management System, <br />located in Pitkin County, hereinafter referred to as the PROJECT, at an estimated <br />total cost of $2,149,000. <br />B. Description of Feasibility Study: The CWCB has reviewed a feasibility study <br />report on the PROJECT compiled by McLaughlin Water Engineers, Ltd. and Kit <br />Hamby, District Manager, which is incorporated herein by reference, and, based <br />upon the feasibility report, the CWCB determined the PROJECT to be technically <br />and financially feasible. <br />SECTION 3 — CWCB'S AUTHORITY <br />Construction Fund: This loan is made pursuant to the provisions of §§ 37 -60 -119 <br />and 37 -60 -120, C.R.S., which authorize the CWCB to loan money for water projects <br />from the CWCB Construction Fund for the benefit of the people of the state, provided <br />that the borrower assures repayment of that money. <br />Smaii Project Loan: This loan is made pursuant to the provisions of §§ 37 -60 -119 <br />and 37 -60 -120, C.R.S., which authorizes the CWCB to loan money for water projects <br />for the benefit of the people of the State, provided that the borrower assures <br />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 Tax. Trust <br />Fund Perpetual Base Account Fund without prior approval from the General <br />Assembly <br />SECTION 4 - BOARD APPROVAL AND LEGISLATIVE AUTHORIZATION (IF NEEDED) <br />Appendix 1 to Loan Contract C150294 <br />Page 1 of 4 <br />