CT2015-109 Contract

• Contract/PO #: CT2015-109
• Contractor Name: Parker Water and Sanitation District
• Contract Type: Loan
• Water District: 8
• County: Douglas
• County: Arapahoe
• Loan Projects - Doc Type: Contract Documents

BORROWER: PARKER WATER AND SANITATION AGENCY NAME: COLORADO WATER
DISTRICT ACTING BY AND THROUGH ITS WATER CONSERVATION BOARD/PDA
ACTIVITY ENTERPRISE CONTRACT TYPE: LOAN/PUBLIC
CONTRACT No. C150410C CWCB CMS: 70942/CORE CT2015-109
PROJECT AMOUNT: $3,384,810
LOAN SERVICE FEE: $33,848
LOAN AMOUNT: $3,418,658 •
LOAN CONTRACT
(STANDARD CONTRACT-WAIVER#160-APPROVED NOVEMBER 10,2003)
THIS CONTRACT is made between the State of Colorado for the use and benefit of The Department of Natural
Resources, Colorado Water Conservation Board ("CWCB" or"State"), and Parker Water and Sanitation District,
19801 East Mainstreet, Parker, CO, 80138, a Colorado Title 32 Special District, acting by and through its
Water Activity Enterprise, ("BORROWER"or"DISTRICT").
FACTUAL RECITALS
1. Authority exists in the law, and funds have been budgeted, appropriated and otherwise made available and a
sufficient unencumbered balance thereof remains available for encumbering and subsequent payment of this
CONTRACT; and
2. Required approval, clearance, and coordination have been accomplished from and with appropriate
agencies; and
3. For the purposes of this loan contract, the District's participation in the Water Infrastructure and Supply
Efficiency Project (WISE) to reduce the District's dependence on non-renewable water sources, and specific
to the Phase 2 Infrastructure is defined as the "PROJECT". The District's total participation cost is estimated to
be $17,310,000. On May 22, 2014 the CWCB approved a total loan amount not to exceed $15,734,790, for
the District's participation cost of WISE, the loan amount for this contract, for the Phase 2 Infrastructure, is
$3,418,658 which includes a one percent (1%) loan service fee of$33,848 at an interest rate of 2.75% for 20
years; and
4. The PROJECT SUMMARY, attached as APPENDIX 1 and incorporated herein, contains BORROWER Information
(Section 1), the PROJECT Description (Section 2), CWCB's authority for making this loan (Section 3), and
CWCB Approval and Legislative Authorization (Section 4), identifying the amount of the loan and the terms
of repayment. The PROJECT SUMMARY also contains sections on BORROWER'S debt, collateral, procedures
and eligible expenses; and
5. The CWCB now desires, by this CONTRACT, to loan money to the BORROWER for this PROJECT upon mutually
agreeable terms and conditions.
THEREFORE, in consideration of the mutual and dependent covenants contained herein, the parties agree
as follows:
Loan Contract C150410C
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