CT2015-024 Attorney Opinion Letter Amend 1

• Contract/PO #: CT2015-024
• Contractor Name: North Poudre Irrigation Company
• Contract Type: Loan
• Water District: 3
• County: Larimer
• Loan Projects - Doc Type: Contract Documents

1132RI LIN)D, OTTENHOFF
& ROOT LLP Kenneth F. Lind
Attorneys at La w George H. Ottenhoff
John D. Root
355 Eastman Park Dr., Ste. 200 •Windsor, CO 80550
Telephone: [phone] • Fax: [phone] C;hrysten S. Hinze
Email: [e-mail]
December 10, 2015
Ms. Peg Mason
Contracts Manager
Colorado Water Conservation Board
Finance Section
1313 Sherman Street, Room 718
Denver, CO 80203
RE: The North Poudre Irrigation Company and
Colorado Water Conservation Board
Contract Amendment (CT2015-024)
Dear Ms. Mason:
Pursuant to that certain Contract Amendment,Contract No. CT2015-024 dated December
9, 2015 in the amount of $876,680.00 by and between the State of Colorado for the use and
benefit of the Department of Natural Resources, Colorado Water Conservation Board ("State")
and The North Poudre Irrigation Company ("N PIC') as Borrower, we hereby provide to the State
our opinion as follows:
(1) Borrower is a Colorado non-profit corporation in good standing;
(2) The above referenced Contract Amendment and Appendix documents have been
duly executed on behalf of Borrower by Nels Nelson as President and Sharon
Seaworth as Corporation Secretary and Office Manager;
(3) That the said President, Nels Nelson and Secretary, Sharon Seaworth were duly
elected at a properly called and held Meeting of the Shareholders and Board of
Directors of Borrower and they do have the authority to execute the Contract
Amendment;