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BORROWER: WELL AUGMENTATION <br />SUBDISTRICT of the CENTRAL COLORADO <br />WATER CONSERVANCY DISTRICT <br />Contract No. C150337 <br />Project Amount $3,000,000 <br />Loan Service Fee $30,000 <br />Loan Amount $3,030,000 <br />Agency Name: Water Conservation Board <br />Agency Number PDA <br />CWCB CMS #53652 <br />LOAN CONTRACT <br />(STANDARD CONTRACT - WAIVER #160 - APPROVED NOVEMBER 10, 2003) <br />THIS CONTRACT, made between the State of Colorado for the use and benefit of the <br />Department of Natural Resources, Colorado Water Conservation Board ( "CWCB" or <br />"STATE "), and the Well Augmentation Subdistrict of the Central Colorado Water <br />Conservancy District, 3209 W. 28"' St., Greeley, Colorado 80634 -7554, a quasi - municipal <br />corporation and political subdivision of the State of Colorado organized and existing as a <br />water conservancy district pursuant to C.R.S. §37-45 -101, et.seq. ("BORROWER" OR <br />"WAS "). <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 under: Contract Encumbrance <br />No. C150337, Fund Number 424, Appropriation Code M13, Organization YYYY, GBL <br />C337, Program WTRC, Object Code 5560, Reporting Category 0337. <br />2. Required approval, clearance, and coordination have been accomplished from and with <br />appropriate agencies. <br />3. On September 28, 2012, the CWCB Board approved a loan request, from the <br />BORROWER for the Water Rights Purchase and Gravel Pit Storage Project ( "PROJECT "), <br />to acquire additional water rights and storage capacity to use as augmentation supplies <br />for wells in the WAS decree, enabling a pumping quota to be issued for contract <br />holders. <br />4. The PROJECT Summary, attached as Appendix 1 and incorporated herein, contains <br />BORROWER Information (Section 1), the Project Description (Section 2), CWCB's <br />authority for making this loan (Section 3), and CWCB Approval and Legislative <br />Authorization which identifies the amount of the loan and the terms of repayment <br />(Section 4). <br />5. The CWCB now desires, by this contract, to loan money to the BORROWER for this <br />PROJECT upon mutually agreeable terms and conditions. <br />Loan Contract No. C150337 <br />Page 1 of 12 <br />