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GRANTEE: SOUTH PLATTE WELL USERS Agency Name: Water Conservation Board <br /> • ASSOCIATION Agency Number PDA <br /> Contract No. C150196 Routing Number 06 fOfl .004)S7 <br /> Contract Amount$106,730.12 <br /> GRANT CONTRACT <br /> THIS GRANT CONTRACT, made this January 16, 2006, by and between the <br /> State of Colorado for the use and benefit of the Department of Natural Resources, <br /> Colorado Water Conservation Board, ("CWCB" or "STATE"), and South Platte Well Users <br /> Association, P.O. Box 1761, Greeley, CO 80632, a Colorado nonprofit corporation <br /> ("GRANTEE"OR"CONTRACTOR"). <br /> FACTUAL RECITALS <br /> 1. Authority exists in the law, and funds have been budgeted, appropriated and <br /> otherwise made available and a sufficient unencumbered balance thereof remains <br /> available for payment as follows: Fund Number 424, Organization YYYY, GBL S196, <br /> Appropriation Code AED, Program WTRC, Object Code 5781, Contract Encumbrance <br /> No. C150196. <br /> 2. Required approval, clearance, and coordination have been accomplished from and <br /> with appropriate agencies. <br /> • 3. Senate Bill_02S-001 authorizes the CWCB to make loans and grants to agricultural <br /> organizations for emergency drought-related water augmentation purposes from the <br /> CWCB Severance Tax Trust Fund Perpetual Base Account, based on <br /> recommendations from the Director of the CWCB, the State Engineer, the <br /> Commissioner of Agriculture and the Executive Director of the Department of Natural <br /> Resources. Such loans or grants may only be made if, pursuant to state or federal <br /> law, any portion of Colorado has received emergency drought designation or a <br /> disaster emergency been proclaimed due to drought. <br /> 4. Grantee submitted a grant application, dated January 27, 2005 ("Application"), to <br /> CWCB for reimbursement of funds expended in connection with the lease and <br /> delivery of augmentation water during 2003 and 2004, in excess of normal years due <br /> to the drought, described in Grantee's Application. <br /> 5. The APPLICATION was approved for funding, in accordance with the Agricultural <br /> Emergency Drought Response Grant Guidelines/Procedures dated September 2004, <br /> in the amount of $106,730.12 ("Grant") by the Director of the CWCB and the State <br /> Engineer on May 25, 2005, after consulting with the Commissioner of Agriculture and <br /> the Executive Director of the Department of Natural Resources. The Letter of <br /> Approval and Grantee's letter is attached hereto as Appendix 1. <br /> NOW THEREFORE, in consideration of the mutual and dependent covenants <br /> contained herein, the parties agree as follows: <br /> A. Grant of funds. CWCB hereby grants to the Grantee the sum of$106,730.12 as <br /> • reimbursement of costs expended by Grantee in connection with the expenditure of <br /> Grant Contract No. C150196 <br /> Page 1 of 6 <br />