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PROJECT CHECKLIST: LOAN CONTRACT No. C150328 <br /> TWO RIVERS WATER COMPANY <br /> Ill ORLANDO RESERVOIR REHABILITATION PROJECT <br /> INITIAL FINAL <br /> DATE March 9, 2012 <br /> Contracts: McWilliams Contracts: <br /> STAFF INVOLVED Accounting: Biondo Accounting: <br /> Admin/Imaging: Admin/Imaging: <br /> Project Manager: Mauss Project Manager: <br /> LOAN TERMS 2.5%, 20 years, $1,173,150 <br /> CONTRACT EXPIRES 3/q/2-/(O' <br /> Prior to contract execution: <br /> A. State Engineer's Office approval of construction plans for the Cucharas <br /> Reservoir Phase I portion of the Project. <br /> B. Two Rivers obtains crop insurance on the alfalfa crops associated with the <br /> Purchase and Supply Agreement with the dairy operation in Boulder County. <br /> CONTRACT REQUIREMENTS PRIOR TO: C. Two Rivers provides a title commitment on the 1,200 acres of land it is pledging <br /> as collateral. <br /> DISBURSEMENT OF FUNDS D. Two Rivers provides an appraisal of the water rights and land it is pledging as <br /> OR collateral.The land appraisal must include a dry land value for the 1,200 acres. <br /> UPON SUBSTANTIAL COMPLETION Contract condition: <br /> (SUCH AS RECORDINGS,IN-KIND PAYMENTS,ETC) Two Rivers Water Company will provide an annual report,due each January, <br /> • documenting the prior year's water use. If the Orlando-Bradford system water rights <br /> are used for non-agricultural purposes,the CWCB will have the option of adjusting <br /> the interest rate to the current commercial interest rate of 6.25%. <br /> BORROWER'S CERT.OF INSURANCE(Y/N) yec <br /> STAFF INITIAL IF ON FILE <br /> CONTRACTOR'S CERT.OF INSURANCE(Y/N) <br /> STAFF INITIAL IF ON FILE <br /> DATE OF SUBSTANTIAL COMPLETION 3 / I 13 <br /> FINAL PROJECT CLOSEOUT (by) Notes: <br /> IMAGING CHECKLIST: , <br /> FEASIBILITY STUDY&APPROVAL LETTER " • <br /> PROJECT COMPLETION LETTER(ATTACHMENTS) (: <br /> PROJECT SUMMARY(FINAL) (. <br /> PAY REQUESTS(INC.CONTRACTOR'S INS.CERT.) ( <br /> CONTRACT DOCUMENTS ) <br /> DISBURSEMENTS 01\13-) <br /> IMAGING OF THIS CHECKLIST Date 3 /1_5 <br /> • <br />