Laserfiche WebLink
COLLINS COCKREL& COLE <br /> Colorado Water Conservation Board <br /> September 11,2015 <br /> Page 4 <br /> governmental bodies of the police power inherent in the sovereignty of the State and (v) <br /> their enforcement may also be subject to the exercise of judicial discretion in appropriate <br /> cases. <br /> Except as specifically stated in paragraphs 1 through 6 hereof, we express no <br /> opinion hereunder. Unless and except as specifically provided herein, we express no <br /> opinion as to any of the documents prepared by CWCB, CWCB's counsel, or any other <br /> parties to the transactions contemplated herein or therein, including warranties and/or <br /> representations contained therein, nor except as specifically provided above, do we <br /> express any opinion as to the effect of their execution by members of the Board or others. <br /> We express no opinion to any of the following: (a) the Borrower's financial condition <br /> and/or the sufficiency of the security provided for payment of debt service on the <br /> Promissory Note and Loan Contract, including whether the Borrower will be financially <br /> able to perform its obligations under the Loan Documents, (b) the Borrower's use of the <br /> proceeds of the Loan as contemplated by the Resolution and the Loan Documents; or (c) <br /> the treatment for federal, state or local income tax purposes of interest payable with <br /> respect to the Promissory Note, and the making of the Loan Contract or execution and <br /> delivery of any of the Loan Documents referred to herein. <br /> This opinion letter is solely for the addressee's information in connection with the <br /> making of the Loan, and is not to be quoted in whole or in part or otherwise referred to <br /> (except in a list of closing documents), nor is it to be delivered to any other person <br /> (except as a part of a closing book memorializing the closing on the Loan) without our <br /> prior written consent. Other than the addressee hereof, no one is entitled to use or rely on <br /> this opinion letter without the written consent of our firm. Our firm represents only the <br /> Borrower in the transactions contemplated by the Resolution; delivery of this letter does <br /> not establish an attorney-Borrower relationship with any other party. We expressly <br /> undertake no responsibility or duty to inform any party, whether addressees hereof or not, <br /> as to any change in fact, circumstance or law occurring after the date hereof which may <br /> affect or alter any of the opinions, statements or information set forth above. <br /> Sincerely yours, <br /> /4 p12o4r-c sic <br /> �A �'-' 7' c'.. <br /> {00460630.DOC I) <br />