C150378 Attorney Opnion Letter

• Contract/PO #: CT2015-003
• Contract/PO #: C150378
• Contractor Name: North Poudre Irrigation Company
• Contract Type: Loan
• Water District: 3
• County: Larimer
• Loan Projects - Doc Type: Contract Documents

LIND
& OTTENHOFF, LLP
Attc) rneys at Law
Kenneth F.Lind
355 Eastman Park Dr.,Ste.200 • Windsor,CO 80550 George H.Ottenhoff
Telephone: [phone] • Fax: [phone]
Email: [e-mail] Chrysten S.Hinze
February 12, 2014
State of Colorado
Colorado Water Conservation Board
Department of Natural Resources
1580 Logan Street, Suite 600
Denver, CO 80203
Re: The North Poudre Irrigation Company and
Colorado Water Conservation Board
Loan Contract C 150378 (Reservoir#4 Rehabilitation)
Ladies&Gentlemen:
Pursuant to that certain Loan Contract, Contract No. C150378 dated November 25, 2013
in the amount of$1,636,200.00, by and between the State of Colorado for the use and benefit of
the Department of Natural Resources, Colorado Water Conservation Board ("State") and The
North Poudre Irrigation Company as the Borrower("NPIC"), we hereby provide to the State our
opinion as follows:
(1) NPIC is a Colorado non-profit corporation in good standing;
(2) The above referenced Loan Contract and Appendix documents have been duly
executed on behalf of NPIC by Nels Nelson as President and Sharon Seaworth as
Office Manager and Corporate Secretary;
(3) That the said President, Nels Nelson and Corporate Secretary, Sharon Seaworth
were duly elected at a properly called and held Meeting of the Shareholders and
Board of Directors of NPIC and they do have the authority to execute the Loan
Contract and to bind NPIC;
(4) Attached to the Loan Contract as Appendix 3a and 3b are original Resolutions of
the Board of Directors and Shareholders of NPIC which said Resolutions approve
the Loan Contract and attached Appendix documents including the authorization
for the corporate officers to sign said Loan Contract and other necessary
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