C150327 Attorney Opinion Letter

• Contract/PO #: C150327
• Contractor Name: Big Elk Meadows Association
• Contract Type: Loan
• Water District: 4
• County: Boulder
• Loan Projects - Doc Type: Contract Documents

Orten State of Colorado
Cavanagh The Department of Natural Resources
Colorado Water ConservationBoard
Richmond & January 25,2012
Page 3
Holmes LLC
A t t o r n e y s at L a w
Our opinions set forth above are also subject to the following exceptions, limitations,
assumptions, explanations, and qualifications:
A. Execution, Delivery and Authenticity. We have assumed the conformity to original
documents of all documents submitted to us, as copies. Based upon our investigation, we
have no information or reason to believe that any document was not properly authorized,
executed, delivered and authentic.
B. Title and Priorities. We have not made or undertaken to make any investigation of the state
of title to the premises or property or to the personal property which is the subject of the
Loan and we express no opinion with respect to title to the property or personal property or
to the priority of the lien created by any of the Loan Documents.
C. Use of Funds. No opinions are given on the proposed use of the funds the Association may
obtain from the Loan.
D. Limited Independent Investigation. Our engagement by the Association has been limited
to review of the documents referenced above to enable us to provide this letter. We have
also asked and sought a letter with representations to our firm from the Association. We
have also asked and sought a letter with representations to our firm from the Association.
Except as otherwise stated, we have undertaken no independent investigation or verification
of any other documents or matters that may be related to the Loan.
E. No Implied Opinions. Our opinions are limited to the matters expressly set forth herein,
and no opinions are to be implied or inferred beyond the matters expressly stated.
F. Zoning. The opinions contained in this letter do not include any opinion as to the zoning of
or at any of the properties owned or leased by the Association.
G. Environmental Matters. The opinions contained in this letter do not include any opinion or
opinions as to environmental matters, including, but not limited to:
(a) The Resource Conservation and Recovery Act;
(b) The Comprehensive Environmental Response, Compensation and Liability Act;
(c) The National Environmental Policy Act of 1959;
(d) The Flood Disaster Protection Act of 1973;
(e) The Clean Air Act;
(f) The Federal Clean Water Act;
(g) The Federal Water Pollution Control Act;
(h) The Solid Waste Disposal Act; and
(i) Any state or local laws, regulations, rules or ordinance governing environmental, water
and/or sewer.