CT2016-2056 Contract

• Contract/PO #: CT2016-2056
• Contractor Name: Centennial Water and Sanitation District
• Contract Type: Loan
• Loan Projects - Doc Type: Contract Documents

BORROWER: CENTENNIAL WATER AND AGENCY NAME: COLORADO WATER
SANITATION DISTRICT CONSERVATION BOARD
REQUESTED LOAN AMOUNT: $10,826,000 CONTRACT TYPE: LOAN/PUBLIC
LOAN SERVICE FEE: $108,260 CMS NUMBER: 72446/C150405C
TOTAL LOAN AMOUNT: $10,934,260 CORE NUMBER: CT2016-2056
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 Centennial Water and Sanitation District, 62 West Plaza Drive,
Highlands Ranch, Colorado, 80129 a Colorado Title 32 Special 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 "off-site" "compensatory mitigation features" and
"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 $48,888,000. On May 22, 2014 the CWCB approved a total loan
amount not to exceed $44,440,000 for the District's participation cost of the Chatfield
Reallocation Project. The loan amount, for this CONTRACT, for these PROJECT
activities, is $10,934,260, which includes a one percent (1%) loan service fee of
$108,260 at an interest rate of 3.00% for 30 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.
THEREFORE, in consideration of the mutual and dependent covenants contained
herein, the parties agree to incorporate these recitals as part of the agreement of the
parties and as follows:
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