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• <br /> BORROWER CENTER OF COLORADO WATER Agency Name: Water Conservation Board <br /> CONSERVANCY DISTRICT Agency Number PDA <br /> Contract No. C150276 Routing Number 09 PDA 0 0 7 l <br /> Project Amount $450,000 <br /> Loan Service Fee $4,500 <br /> Loan Amount $454,500 <br /> LOAN CONTRACT <br /> (STANDARD CONTRACT—WAIVER#160—APPROVED NOVEMBER 10,2003) <br /> THIS CONTRACT, made this January 7, 2009, by and between the State of Colorado <br /> for the use and benefit of the Department of Natural Resources, Colorado Water <br /> Conservation Board ("CWCB" or "STATE"), and the Center of Colorado Water <br /> Conservancy District, P.O. Box 1747, Fairplay, CO 80440-1747, a Title 37 Special <br /> District ("BORROWER"). <br /> FACTUAL RECITALS <br /> 1. Authority exists in the law, and funds have been budgeted, appropriated and otherwise <br /> made available and a sufficient unencumbered balance thereof remains available for <br /> encumbering and subsequent payment of this contract under: Contract Encumbrance <br /> No. C150276, Fund Number 424, Appropriation Code MS9, Organization YYYY, GBL <br /> C276, Program WTRC, Object Code 5560, Reporting Category 0276. <br /> 2. Required approval, clearance, and coordination have been accomplished from and with <br /> appropriate agencies. <br /> 3. 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 which identifies the amount of the loan and the terms of repayment <br /> (Section 4). <br /> 4. 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 <br /> herein, the parties agree as follows: <br /> A. LOAN PROVISIONS <br /> 1. Loan Service Fee. The amount of the loan' 1 • T) s include (1) the <br /> amount of the funds loaned by the CWCB to t-1 • -• `'! • - PROJECT and (2) <br /> a service fee of one percent (1%) of the PROJECT a - h z =vent that the <br /> BORROWER does not use the LOAN AMOUNT authorized, the pa - - amend this <br /> contract to revise the LOAN AMOUNT including adjustment of the service fee to reflect <br /> 1°4, of the actual LOAN AMOUNT disbursed to the BORROWER. <br /> Loan Contract C150276 <br /> Page 1 of 11 <br />