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Project Summary — Central Colorado Water Conservancy District Contract Number CT2016-2057 (C150407A) SECTION 1 —BORROWER INFORMATION Name: Central Colorado Water Conservancy District Type of Entity: A Colorado Title 37 Water Conservancy District Address: 3209 W. 28th Street, Greeley, Colorado, 80634 Contact: Danyelle McCannon Phone Number: 970-330-4540 E-mail address: dmccannon @ccwcd.org SECTION 2—PROJECT DESCRIPTION A. Description of PROJECT: This LOAN CONTRACT iS to be used for the Chatfield Reallocation Project, specific the "first cost of storage"as defined in the Agreement between the Department of the Army and the Colorado Department of Natural Resources for Reallocation of Water Storage Space, Recreation Modifications, and Compensatory Mitigation Features at the Chatfield Dam and Reservoir, Colorado dated October 9, 2014, incorporated herein by reference is defined as the "PROJECT". It will provide 20,600 acre-feet (AF) of storage in Chatfield between elevations 5432 and 5444 MSL for M&I water supply and other purposes including agriculture, environmental restoration and recreation and fishery habitat protection and enhancement. In addition to its current 2,849 AF allotment of Chatfield's reallocated storage, the District has obtained Western Mutual Ditch Company's (WMDC) 1,425 AF of storage, currently funded and managed by CWCB. The District's total storage space, will be 4,274 AF. The BORROWER'S estimated pro- rata cost share, based on their storage allotment, is $3,156,000 and the loan amount approved by CWCB is $3,187,560 which includes a loan service fee of 1% of$31,560. B. Description of Feasibility Study: The CWCB has reviewed a feasibility study report dated March 2014, on the PROJECT, titled "Central Colorado Water Conservancy District Participation in the Chatfield Reallocation Project"which was prepared by Ed Armbruster, P.E., with White Sands Water Engineers, Inc. and includes an alternative analysis, cost estimates, and financial statements. The feasibility study relies on the FR/EIS prepared by the Corps, and the Fish, Wildlife and Recreation Mitigation Plan (FWRMP) prepared by the Reallocation Participants in accordance with C.R.S. 37-60-122.2. Based upon the feasibility report, incorporated herein by reference, the CWCB determined the PROJECT to be technically and financially feasible. SECTION 3—CWCB's AUTHORITY Severance Tax Perpetual Base Fund: This loan is made pursuant to the provisions of §§ 39-29-109(1)(a)(I), 37-60-119 and 37-60-120, C.R.S., which authorize the CWCB to Appendix 1 Page 1 of 3