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STARR & WESTBROOK, P.C. <br /> ATTORNEYS AT LAW <br /> 210 EAST 29TH STREET <br /> LOVELAND,COLORADO 80538 <br /> TELEPHONE 970-667-1029 <br /> FACSIMILE 970-669-3841 <br /> RANDOLPH W. STARR E-Mail Randy(a.starrwestbrook.com <br /> MICHAEL A.WESTBROOK E-mail Mikenastarrwestbrook.com <br /> December 9, 2013 <br /> State Of Colorado <br /> Department Of Natural Resources <br /> Colorado Water Conservation Board <br /> 1580 Logan Street, Suite 750 <br /> Denver, CO 80203 <br /> RE: LOAN CONTRACT DATED:NOVEMBER 20, 2013 <br /> BORROWER: CONSOLIDATED HOME SUPPLY DITCH AND RESERVOIR <br /> COMPANY <br /> AMOUNT: $448,440.00 <br /> LOAN NUMBER: C150380 <br /> OPINION OF COUNSEL <br /> Ladies and Gentlemen: <br /> We have acted as counsel to CONSOLIDATED HOME SUPPLY DITCH AND <br /> RESERVOIR COMPANY, (the "Corporation") in connection with the preparation of the Loan <br /> Contract setting forth the principal terms of the Transaction addressed by the Opinion Letter(the <br /> "Agreement") and the ancillary Transaction Documents, if any and have participated on the <br /> Corporation's behalf in connection with the above Transaction.' This Opinion Letter is provided to <br /> you at the request of the Corporation. Except as otherwise indicated herein,capitalized terms used in <br /> this Opinion Letter are defined as set forth in the Agreement or the Accord(see below). <br /> This Opinion Letter is governed by, and shall be interpreted in accordance with,the Legal <br /> Opinion Accord(the"Accord")of the ABA Section of Business Law(1991). As a consequence,it is <br /> subject to a number of qualifications, exceptions, definitions, limitations on coverage and other <br /> limitations,all as more particularly described in the Accord,and this Opinion Letter should be read <br /> in conjunction therewith. The law covered by the opinions expressed herein is limited to the Law of <br /> the State of Colorado. <br /> Based upon and subject to the foregoing,we are of the opinion that: <br /> We have relied upon factual representations made by the Corporation in the Agreement. <br />