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_ <br /> BORROWER: CENTRAL WELD COUNTY WATER Agency Name: Water Conservation Board <br /> DISTRICT,ACTING BY AND THROUGH THE Agency Number PDA <br /> CENTRAL WELD COUNTY WATER DISTRICT Routing Number 06 PDA ee 0 6>o <br /> WATER ACTIVITY ENTERPRISE <br /> Contract No. C150209 <br /> Project Amount $4,945,500 <br /> Loan Service Fee $49,455 <br /> Loan Amount$4,994,955 pm <br /> LOAN CONT T <br /> (STANDARD CONTRACT—WAIVER#160—APPROVED No E 1 <br /> THIS CONTRACT, made this February 16, 2006, by and between the State of <br /> Colorado for the use and benefit of the Department of Natural Resources, Colorado Water <br /> Conservation Board ("CWCB" or "STATE"), and Central Weld County Water District, acting <br /> by and through the Central Weld County Water District Water Activity Enterprise, 2235 <br /> 2nd Ave., Greeley, CO 80631 ("BORROWER"). <br /> FACTUAL RECITALS <br /> 1. Authority exists in the law, and funds have been budgeted, appropriated and otherwise <br /> made available and a sufficient unencumbered balance thereof remains available for <br /> encumbering and subsequent payment of this contract under: Contract Encumbrance <br /> No. C150209, Fund Number 424, Appropriation Code MS6, Organization YYYY, GBL <br /> C209, Program WTRC, Object Code 5560, Reporting Category 0209. <br /> 2. Required approval, clearance, and coordination have been accomplished from and with <br /> appropriate agencies. <br /> 3. The PROJECT Summary, attached as Appendix 1 and incorporated herein, contains <br /> BORROWER Information (Section 1), the PROJECT Description (Section 2), CWCB's <br /> authority for making this loan (Section 3), and CWCB Approval and Legislative <br /> Authorization which identifies the amount of the loan and the terms of repayment <br /> (Section 4). <br /> 4. The CWCB now desires, by this contract, to loan money to the BORROWER for this <br /> PROJECT upon mutually agreeable terms and conditions. <br /> THEREFORE, in consideration of the mutual and dependent covenants contained <br /> herein, the parties agree as follows: <br /> A. LOAN PROVISIONS <br /> 1. Loan Service Fee. The amount of the loan (LOAN AMOUNT) shall include (1) the <br /> amount of the funds loaned by the CWCB to the BORROWER for the PROJECT and (2) <br /> a service fee of one percent (1%) of the PROJECT amount. In the event that the <br /> BORROWER does not use the LOAN AMOUNT authorized, the parties shall amend this <br /> Loan Contract C150209 <br /> Page 1 of 11 <br />