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AGENCY NAME: Water Conservation Board <br /> AGENCY NUMBER: PDA <br /> ROUTING NUMBER: (Qda <br /> $ 75,000 <br /> Grant Contract <br /> THIS CONTRACT, made this /5 day of &poi/ 1996, by and <br /> between the State of Colorado for the use and benefit of Department of Natural <br /> Resources, Colorado Water Conservation Board (CWCB), hereinafter referred to as the STATE <br /> or the CWCB, and SOUTH PLATTE LOWER RIVER GROUP, INC., hereinafter referred to as the <br /> GRANTEE and/or CONTRACTOR. <br /> FACTUAL RECITALS <br /> A. Authority exists in the law, and funds have been budgeted, appropriated and <br /> otherwise made available and a sufficient unencumbered balance thereof remains available for <br /> payment in Fund Number 424, Organization YYYY, Appropriation A60, Program WTRC, <br /> Object Code 5120, Contract Encumbrance Number C1537411111.35 <br /> B. Required approval, clearance, and coordination have been accomplished from and <br /> with appropriate agencies. <br /> C. The Grantee is a nonprofit corporation organized under Articles 20 to 29 of Title <br /> 7, C.R.S. (1986 and Supp. 1995), located in Logan County, State of Colorado. The Grantee <br /> is organized for the purpose of studying, demonstrating and developing opportunities, <br /> locations, methods, criteria and other pertinent facts for diverting, storing and using water in <br /> the lower South Platte River basin in Colorado under the provisions of the South Platte River <br /> Compact. <br /> D. The Grantee applied to the State for a grant in the amount of $75,000 to finance <br /> a study to identify augmentation projects that will benefit numerous water user groups in the <br /> South Platte River Basin ("Project"). The Project will entail hydrologic analysis and database <br /> development, demonstration project identification and assistance, implementation of <br /> demonstration projects, the establishment of a process for long-term agreements and funding, <br /> and the preparation of a comprehensive report on the feasibility of future alternative water <br /> resource management strategies and development opportunities in the lower South Platte <br /> River basin ("Final Report"). <br /> E. The CWCB approved the grant at its November 7, 1995, Board meeting. Pursuant <br /> to S.B. 96-153, the General Assembly authorized the CWCB to expend up to $75,000 to <br /> cooperate with the Grantee on the Project. <br /> NOW THEREFORE, in consideration of the mutual and dependent covenants <br /> contained herein, the parties agree as follows: <br /> South Platte Lower River Group, Inc. Page 1 of 5 Grant Contract <br />