Laserfiche WebLink
BORROWER: DENVER SOUTHEAST SUBURBAN AGENCY NAME: COLORADO WATER <br /> WATER&SANITATION DISTRICT ACTING BY CONSERVATION BOARD/PDA <br /> AND THROUGH ITS WATER ACTIVITY CONTRACT TYPE:LOAN/PUBLIC <br /> CONTRACT No. C150411A CWCB CMS: 70927/CORE: CT2015-083 <br /> PROJECT AMOUNT: 1,827,000 <br /> LOAN SERVICE FEE: $18,270 <br /> LOAN AMOUNT: $1,845,270 <br /> LOAN CONTRACT <br /> (STANDARD CONTRACT-WAIVER#160-APPROVED NOVEMBER 10,2003) <br /> THIS CONTRACT is made between the State of Colorado for the use and benefit of The <br /> Department of Natural Resources, Colorado Water Conservation Board ("CWCB" or <br /> "State"), and Denver Southeast Suburban Water & Sanitation District, PO Box 1660, <br /> Parker, Colorado, 80134, a Colorado Title 32 Special District, acting by and through its <br /> Water Activity Enterprise, ("BORROWER"or"DISTRICT"). <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 encumbering and subsequent payment of this CONTRACT; and <br /> 2. Required approval, clearance, and coordination have been accomplished from and <br /> with appropriate agencies; and <br /> 3. For the purposes of this loan contract the District's participation, in the Water <br /> Infrastructure and Supply Efficiency Project (WISE) to reduce the District's <br /> dependence on non-renewable water sources, and specific to the ECCV Pipeline <br /> Purchase is defined as the "PROJECT". The District's total participation cost is <br /> estimated to be $10,920,000. On May 22, 2014 the CWCB approved a total loan <br /> amount not to exceed $9,926,280, for the District's participation cost of WISE. The <br /> loan amount for this contract, for the ECCV Pipeline Purchase, is $1,845,270 which <br /> includes a one percent (1%) loan service fee of$18,270 at an interest rate of 3.0% for <br /> 30 years; and <br /> 4. The PROJECT SUMMARY, attached as APPENDIX 1 and incorporated herein, contains <br /> BORROWER Information (Section 1), the PROJECT Description (Section 2), CWCB's <br /> authority for making this loan (Section 3), and CWCB Approval and Legislative <br /> Authorization (Section 4), identifying the amount of the loan and the terms of <br /> repayment. The PROJECT SUMMARY also contains sections on BORROWER'S debt, <br /> collateral, procedures and eligible expenses; and <br /> 5. The CWCB now desires, by this CONTRACT, to loan money to the BORROWER for this <br /> PROJECT upon mutually agreeable terms and conditions. <br /> THEREFORE, in consideration of the mutual and dependent covenants contained herein, <br /> Loan Contract C150411A <br /> Page 1 of 13 <br />