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Project Summary — Castle Pines North Metropolitan District, acting by <br /> and through its Water Activity Enterprise <br /> Contract Number CT2016-2051 (C150404C) <br /> SECTION 1 —BORROWER INFORMATION <br /> Name: Castle Pines North Metropolitan District, acting by and <br /> through its Water Activity Enterprise <br /> Type of Entity: The Castle Pines North Metropolitan District is a Colorado <br /> Title 32 Special District formed pursuant to and governed <br /> by Title 32, Article 1, C.R.S. The Castle Pines North <br /> Metropolitan Water Enterprise is operated and maintained <br /> pursuant to Article 45.1, Title 37, C.R.S. and was formed <br /> and is operated as an enterprise within the meaning of <br /> Colorado Const. Art. X, Section 20. <br /> Address: 7404 Yorkshire Drive, Castle Pines, CO 80108 <br /> Contact: Peggy Dowswell-Finance Director <br /> Phone Number: 970-669-3611 <br /> E-mail address: peggyd @pinnacleconsultinggroupinc.com <br /> SECTION 2—PROJECT DESCRIPTION <br /> A. Description of PROJECT: This LOAN CONTRACT is the for the District's participation <br /> in the Chatfield Reallocation Project, specific to "off-site" "compensatory mitigation <br /> features" and "monitoring" as defined in the Agreement Between the Department <br /> of the Army and the Colorado Department of Natural Resources for Reallocation of <br /> Water Storage Space, Recreation Modifications, and Compensatory Mitigation <br /> Features at the Chatfield Darn and Reservoir, Colorado dated October 9, 2014, <br /> incorporated herein by reference is defined as the "PROJECT." The District's total <br /> participation cost is estimated to be $7,100,000. On May 22, 2014 the CWCB <br /> approved a total loan amount not to exceed 28,451,700 for the District's <br /> participation cost of the Chatfield Reallocation Project. The loan amount, for this <br /> CONTRACT, for these PROJECT activities, is $1,587,720, which includes a one <br /> percent (1%) loan service fee of$15,720 at an interest rate of 3.00% for 30 years. <br /> B. Description of Feasibility Study: The CWCB has reviewed a feasibility study report <br /> dated March 2014 on the PROJECT, titled "Castle Pines North Metropolitan District, <br /> Participation in the Chatfield Reservoir Reallocation Project,"which was prepared <br /> by Jim Nikkei, P.E. District Manager with support from Peggy Dowswell, CPA, <br /> District Finance Director and Joan Fritsche, Esq., of Collins Cockrel & Cole. The <br /> feasibility study includes an alternative analysis, cost estimates, and financial <br /> statements. The feasibility study relies on the FR/EIS prepared by the Corps, and <br /> the Fish, Wildlife and Recreation Mitigation Plan (FWRMP) prepared by the <br /> Appendix 1 <br /> Page 1 of 5 <br />