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SECTION 5—SCHEDULE OF EXISTING BONDS <br /> As of the date of the CWCB loan approval, the BORROWER has outstanding, the following <br /> obligations payable from the PLEDGED REVENUES of the Enterprise, which obligations constitute <br /> PARITY OBLIGATIONS under the LOAN CONTRACT and requires a Parity Certificate. <br /> Lender Original Current Annual Maturity Collateral <br /> Balance Balance Payment Date <br /> DOLA -1995 $217,500 $35,222 $17,453 2015 Water Enterprise <br /> Revenues <br /> DOLA- 2004 $50,000 $44,132 $4,012 2024 Water Enterprise <br /> Revenues <br /> CWCB (C150262) $252,500 $215,631 $13,728 2038 Water Enterprise <br /> Revenues <br /> SECTION 6— LOAN SECURITY <br /> The SECURITY provided for this loan, as evidenced by the executed SECURITY AGREEMENT <br /> (Appendix 4) and incorporated herein, shall be a pledge of Water Activity Enterprise revenues <br /> and a rate covenant. <br /> SECTION 7-ADDITIONAL CONDITIONS&CONTRACT REQUIREMENTS <br /> NONE. <br /> SECTION 8—CONSTRUCTION FUND PROGRAM PROCEDURES <br /> A. The BORROWER shall employ an engineer, registered in the State of Colorado to prepare <br /> plans and specifications for the PROJECT. <br /> B. Engineering Contracts and the plans and specifications must be submitted to the CWCB <br /> staff for verification of compliance with the terms of this CONTRACT when available prior to <br /> bidding. Any modifications, to the plans and specifications that effect changes to the <br /> construction costs must be approved in writing by CWCB <br /> C. For plans and specifications for all jurisdictional dams and reservoirs, as defined by § 37- <br /> 87-105 C.R.S., the BORROWER shall provide a letter of approval from the State Engineer's <br /> Office prior to construction. <br /> D. The BORROWER shall notify CWCB of the bid opening date, time and location. CWCB staff <br /> may elect to attend the bid opening. <br /> E. CWCB must approve the award of the construction contract. <br /> F. The BORROWER shall contract for the construction of the work with responsible and <br /> capable Construction Firms, selected by the BORROWER and found acceptable by the <br /> CWCB staff. <br /> G. The BORROWER must provide a copy of the following construction contract documents: <br /> executed contractor's proposal, executed construction contract, executed performance <br /> bond, executed payment bond, executed notice of award, proposed notice to proceed, <br /> Appendix 1 <br /> Page 2 of 4 <br />