CT2016-2048 Contract

• Contract/PO #: CT2016-2048
• Contractor Name: Center of Colorado Water Conservancy District
• Contract Type: Loan
• Loan Projects - Doc Type: Contract Documents

BORROWER: CENTER OF COLORADO WATER AGENCY NAME: COLORADO WATER
CONSERVANCY DISTRICT CONSERVATION BOARD
REQUESTED LOAN AMOUNT: $506,300 CONTRACT TYPE: LOAN/PUBLIC
LOAN SERVICE FEE: $5,063 CMS NUMBER: 72477/C150406B
TOTAL LOAN AMOUNT: $511,363 CORE NUMBER: CT2016-2048
LOAN CONTRACT
This contract ("CONTRACT") is made between the State of Colorado for the use and benefit
of The Department of Natural Resources, Colorado Water Conservation Board ("CWCB"
or "State"), and Center of Colorado Water and Sanitation District, 548 Front Street,
Fairplay, Colorado, 80440, a Colorado Title 37 Water Conservancy District
("BORROWER"or"DISTRICT").
FACTUAL RECITALS
1. Authority exists in the law, and funds have been budgeted, appropriated and
otherwise made available and a sufficient unencumbered balance thereof remains
available for encumbering and subsequent payment of this CONTRACT; and
2. Required approval, clearance, and coordination have been accomplished from and
with appropriate agencies; and
3. For the purposes of this LOAN CONTRACT, the District's participation in the Chatfield
Reallocation Project, specific to Chatfield Reallocation Project, for engineering,
recreation facilities construction, on-site mitigation, off-site mitigation, and mitigation
monitoring 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". The District's total participation cost is estimated to be
$931,000. On May 22, 2014 the CWCB approved a total loan amount not to exceed
$606,000 for the District's participation cost of the Chatfield Reallocation Project. This
is part of a multi-year and multi-phased project. The total loan amount, for this
CONTRACT, for these Project activities is $511,363, which includes a loan one percent
(1%) loan service fee of$5,063 at an interest rate of 2.50% for 15 years; and
4. The PROJECT SUMMARY, attached as APPENDIX 1 and incorporated herein, contains
BORROWER Information (Section 1), the PROJECT Description (Section 2), CWCB's
authority for making this loan (Section 3), and CWCB Approval and Legislative
Authorization (Section 4), identifying the amount of the loan and the terms of
repayment. The PROJECT SUMMARY also contains sections on BORROWER'S debt,
collateral, procedures and eligible expenses; and
5. The CWCB now desires, by this CONTRACT, to loan money to the BORROWER for this
PROJECT upon mutually agreeable terms and conditions.
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