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• GRANTEE: LOWER ARKANSAS VALLEY WATER Agency Name: Water Conservation Board <br /> CONSERVANCY DISTRICT Agency Number PDA <br /> Contract No. C150232 Routing Number CI "P 4,eie 4 <br /> Contract Amount$43,840.10 <br /> GRANT CONTRACT <br /> THIS GRANT CONTRACT, made this February 1, 2007, by and between the State <br /> of Colorado for the use and benefit of the Department of Natural Resources, Colorado <br /> Water Conservation Board, ("CWCB" or "STATE"), and Lower Arkansas Valley Water <br /> Conservancy District, 801 Swink Avenue, Rocky Ford, CO 81067, organized pursuant to <br /> C.R.S. 37-45-101 to -153 ("GRANTEE"). <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 L232, <br /> Appropriation Code AED, Program WTRC, Object Code 5180, Contract Encumbrance <br /> No. C150232. <br /> 2. Required approval, clearance, and coordination have been accomplished from and <br /> with appropriate agencies. <br /> • 3. C.R.S. § 37-60-123.5 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 September 11, 2006 ("Application"), to <br /> CWCB for reimbursement of funds expended in connection with the lease and <br /> delivery of augmentation water during 2006, in excess of normal years due to the <br /> 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 $43,840.10 ("Grant") by the Director of the CWCB and the State <br /> Engineer on January 19, 2007, after consulting with the Commissioner of Agriculture <br /> and 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$43,840.10 as <br /> reimbursement of costs expended by Grantee in connection with the expenditure of <br /> Grant Contract No. C150232 <br /> Page 1 of 6 <br />