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BORROWER: PARKER WATER AND SANITATION AGENCY NAME: COLORADO WATER <br /> DISTRICT ACTING BY AND THROUGH ITS WATER CONSERVATION BOARD/PDA <br /> ACTIVITY ENTERPRISE CONTRACT TYPE: LOAN/PUBLIC <br /> CONTRACT No. C15041 OA CWCB CMS: 70936/CORE CT2015-107 <br /> PROJECT AMOUNT: $4,383,000 <br /> LOAN SERVICE FEE: $43,830 <br /> LOAN AMOUNT: $4,426,830 <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 Department of Natural <br /> Resources, Colorado Water Conservation Board ("CWCB" or"State"), and Parker Water and Sanitation District, <br /> 18100 East Woodsman Drive, Parker, CO, 80134, a Colorado Title 32 Special District, acting by and through <br /> its Water Activity Enterprise, ("BORROWER"or"DISTRICT"). <br /> FACTUAL RECITALS <br /> 1. Authority exists in the law, and funds have been budgeted, appropriated and otherwise made available and a <br /> sufficient unencumbered balance thereof remains available for encumbering and subsequent payment of this <br /> CONTRACT; and <br /> 2. Required approval, clearance, and coordination have been accomplished from and with appropriate <br /> agencies; and <br /> 3. For the purposes of this loan contract, the District's participation in the Water Infrastructure and Supply <br /> Efficiency Project (WISE) to reduce the District's dependence on non-renewable water sources, and specific <br /> to the ECCV Pipeline Purchase is defined as the "PROJECT". The District's total participation cost is <br /> estimated to be $17,310,000. On May 22, 2014 the CWCB approved a total loan amount not to exceed <br /> $15,734,790, for the District's participation cost of WISE, the loan amount for this contract, for the ECCV <br /> Pipeline Purchase, is $4,426,830 which includes a one percent (1%) loan service fee of $43,830 at an <br /> interest rate of 2.75%for 20 years; and <br /> 4. The PROJECT SUMMARY, attached as APPENDIX 1 and incorporated herein, contains BORROWER Information <br /> (Section 1), the PROJECT Description (Section 2), CWCB's authority for making this loan (Section 3), and <br /> CWCB Approval and Legislative Authorization (Section 4), identifying the amount of the loan and the terms <br /> of repayment. The PROJECT SUMMARY also contains sections on BORROWER'S debt, collateral, procedures <br /> and eligible expenses; and <br /> 5. The CWCB now desires, by this CONTRACT, to loan money to the BORROWER for this PROJECT upon mutually <br /> agreeable terms and conditions. <br /> THEREFORE, in consideration of the mutual and dependent covenants contained herein, the parties agree <br /> as follows: <br /> Loan Contract C15041OA <br /> Page 1 of 12 <br />