CT2015-110 Attorney Opinion Letter

• Contract/PO #: CT2015-110
• Contractor Name: Parker Water and Sanitation District
• Contract Type: Loan
• Water District: 8
• County: Douglas
• County: Arapahoe
• Loan Projects - Doc Type: Contract Documents

Hp
HAYES, PHILLIPS, HOFFMANN & CARBERRY, P.C.
1530 Sixteenth Street, Suite 200
H i1
' Denver, Colorado 80202-1468
Telephone: [phone]
Facsimile: [phone]
Corey Y.Hoffmann Fairplay Office Ryan S.Malarky
Kendra L. Carberry 675 Main Street Kelly L.Donlon
Jefferson H.Parker P.O.Box 1046 Elizabeth R. Cross
Fairplay,CO 80440 Charissa A.Johnston
Of Counsel Telephone: [phone] B.Brittany Scantland Lall
Herbert C.Phillips Facsimile: [phone]
J. Matthew Mire John E.Hayes(Retired)
September 25, 2014
Parker Water and Sanitation District
Acting by and through its Water Activity Enterprise
2014 Loan Contracts with the
Colorado Water Conservation Board relating to the
Water Infrastructure and Supply Efficiency ("WISE") Project
Colorado Water Conservation Board
1313 Sherman Street, Room 721
Denver, CO 80203
Ladies and Gentlemen:
We have acted as general counsel to the Parker Water and Sanitation District
acting by and through its water activity enterprise (the "District") in connection with the
authorization, execution and delivery by the District to the Colorado Water Conservation Board
("CWCB") of four separate loan contracts (collectively, the "Loan Contracts"), four separate
security agreements (collectively, the "Security Agreements"), and four separate promissory
notes (collectively, the "Notes," and, together with the Loan Contracts, and the Security
Agreements, collectively the "Loan Documents"), which Loan Documents were authorized by a
resolution adopted by the Board of Directors of the District on August 28, 2014, and pursuant to
which the CWCB will loan the District aggregate amount of not to exceed $15,734,790, as
follows:
1. Contract No. C15041OA, in an amount that will not exceed $4,426,830,
for the District's share of the price of a portion of the East Cherry Creek Valley Water
and Sanitation District's Western Pipeline to be purchased by the WISE Authority; •
2. Contract No. C150410B, in an amount that will not exceed $6,785,321, for
the District's share of the cost of certain Phase 1 Infrastructure, to be constructed by the
9/22/14
Q:I USERSIPWSDIBONDS AND LOANSICWCB LOAN 20141OPINION LETTER 09.25.14.DOC