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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. C150410D CWCB CMS: 70943/CORE: CT2015-110 PROJECT AMOUNT: $1,089,000 LOAN SERVICE FEE: $10,890 LOAN AMOUNT: $1,099,890 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 DIA Connection 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 DIA Connection, is $1,099,890 which includes a one percent (1%) loan service fee of$10,890 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 C150410D Page 1 of 13