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Project Summary — Well Augmentation Subdistrict of the Central Colorado CENTRAL COLORADO WATER CONSERVANCY DISTRICT Contract No. C150337 SECTION 1 -- BORROWER INFORMATION Name: Well Augmentation Subdistrict of the Central Colorado Water Conservancy District Address: 3209 W. 28th Street, Greeley, Colorado 80634 -7554 Contact: Danyelle McCannon, Financial Analyst Phone Number: (970) 330 -4540 E -mail address: dmccannon @ccwcd.org Type of Entity: The Well Augmentation Subdistrict of the Central Colorado Water Conservancy District (WAS), located in Weld, Adams, and Morgan counties, is a quasi - municipal corporation and political subdivision of the State of Colorado organized and existing as a water conservancy district pursuant to C.R.S. §37-45 -101, et.seq. Section 2 — Project Description A. Description of PROJECT: The BORROWER applied to the CWCB for a loan for the Water Rights Purchase and Gravel Pit Storage Project ( "PROJECT "), to acquire additional water rights and storage capacity to use as augmentation supplies for wells in the WAS decree, enabling a pumping quota to be issued for contract holders at an estimated total PROJECT cost of $3,333,400. B. Description of Feasibility Study: The loan feasibility study titled "Feasibility of Developing Additional Augmentation Supplies Well Augmentation Subdistrict," dated July 31, 2012, was prepared by Ed Armbruster, P.E., from Leonard Rice Engineers, Inc. The study was prepared in accordance with CWCB guidelines and is incorporated herein by reference. Based upon the feasibility report, the CWCB determined the PROJECT to be technically and financially feasible. C. The BORROWER held an election on November 2, 2004, whereby voters approved increasing the BORROWER's debt by up to approximately $39,000,000 based on assessed valuation, to acquire water storage and water rights, as shown on the BORROWER'S Official Ballot and Official Election Results, which are incorporated herein by reference. SECTION 3 — CWCB'S AUTHORITY Construction Fund: This loan is made pursuant to the provisions of §§ 37-60 -119 and 37-60 -120, C.R.S., which authorize the CWCB to loan money for water projects from the CWCB Construction Fund for the benefit of the people of the state, provided that the BORROWER assures repayment of that money. Appendix 1 to Loan Contract C150337 Page 1 of 4