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Project Summary— Boxelder Basin Regional Stormwater Authority, a drainage authority pursuant to C.R.S. §29-1-204.2 Contract No. C150352 SECTION 1 —BORROWER INFORMATION Name: Boxelder Basin Regional Stormwater Authority, a drainage authority pursuant to C.R.S. §29-1-204.2 Address: 1627 East 18th Street, Loveland, Colorado 80538 Contact: Stan Myers Phone Number: 970-669-3611 E-mail address: stanm @pinnacleconsultinggroupinc.com Type of Entity: The Boxelder Basin Regional Stormwater Authority is a drainage authority formed pursuant to and governed by C.R.S. §29-1-204.2 and the Intergovernmental Agreement dated August 20, 2008, by and among the Board of Commissioners of Larimer County, Colorado, the City of Fort Collins, Colorado, and the Town of Wellington, Colorado, including all amendments thereto. Section 2— Project Description A. Description of PROJECT: The BORROWER applied to the CWCB for a loan to be used for the construction of the Larimer and Weld Canal Crossing Structure Project, located in Larimer County, hereinafter referred to as the PROJECT, at an estimated total project cost of $1,139,000. The PROJECT consists of the construction of a structure designed to convey water from Boxelder Creek across the Larimer-Weld Canal. The purpose of this PROJECT is to pass the Boxelder Creek flood flows back into the Boxelder floodplain on the south side of the canal. This will reduce the risk of canal embankment failure during flood events. B. Description of Feasibility Study: The CWCB has reviewed the Loan Feasibility Study, dated April 1, 2013, titled "Feasibility Study for Larimer and Weld Crossing Structure" prepared by Pinnacle Consulting Group, Inc. with engineering support from Andrea Faucett, P.E. of Ayres Associates of Fort Collins, Colorado, which is incorporated herein by reference. The study was prepared in accordance with the CWCB guidelines. Based upon the feasibility report, the CWCB determined the PROJECT to be technically and financially feasible. SECTION 3—CWCB's AUTHORITY Construction Fund: This loan is made pursuant to the provisions of §§ 37-60-119 and 37-60-120, C.R.S., which authorize the CWCB to loan money for water projects from the CWCB Construction Fund for the benefit of the people of the state, provided that the BORROWER assures repayment of that money. Section 37-60-122(1)(b), C.R.S., authorizes the CWCB to make loans of up to $10,000,000 from the CWCB's Construction Fund and the State Severance Tax Trust Fund Perpetual Base Account Fund without prior approval from the General Assembly. Appendix 1 to Loan Contract C150352 Page 1 of 4