Laserfiche WebLink
f <br /> • <br /> BORROWER: CENTRAL WELD COUNTY Agency Name: Water Conservation Board <br /> WATER DISTRICT, ACTING BY Agency Number PDA <br /> AND THROUGH ITS WATER Routing Number 05 PDA 2t 0 7 <br /> ACTIVITY ENTERPRISE <br /> Contract No. C150122 <br /> Project Amount$3,937,500 <br /> Loan Service Fee $0 <br /> Loan Amount$3,937,500 Okla <br /> it <br /> LOAN CONTRACT <br /> (STANDARD CONTRACT—WAIVER#160—APPROVED NOVEMBER 10,2003) <br /> THIS CONTRACT, made this May 1, 2005, by and between the State of Colorado for <br /> the use and benefit of the Department of Natural Resources, Colorado Water Conservation <br /> Board ("CWCB" or "STATE"), and Central Weld County Water District, 2235 2nd Avenue, <br /> Greeley, Colorado 80631, acting by and through its Water Activity Enterprise <br /> ("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. C150122, Fund Number 424, Appropriation Code S03, Organization YYYY, GBL <br /> C122, Program WTRC, Object Code 5560, Reporting Category 0122. <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 conditiot . <br /> THEREFORE, in consideration of the mutual and_de•endent covenants contained <br /> herein, the parties agree as follows: j , <br /> A. LOAN PROVISIONS ' <br /> 1. Loan Service Fee. The amount of the loan (_ a&ll i •e the amount <br /> of the funds loaned by the CWCB to the Bo f ' ii' 4 �; ' The CWCB <br /> authorized the Loan Amount in November 2002 prior t. .titution of the <br /> Loan Service Fee, and therefore no loan service fee is•• WER for <br /> this loan. • (4„ ; . • <br /> Page 1of11 <br />