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Project Summary - Dixon Canon Ditch and Reservoir Company <br /> SECTION 1-BORROWER INFORMATION <br /> NAME: Dixon Canon Ditch and Reservoir Company <br /> Type of Entity: Colorado nonprofit corporation <br /> Address: 413 South Bryan, Fort Collins, Colorado 80521 <br /> Contact: Doug Kokes and Paul Rupp <br /> Phone Number: Doug: 970-416-2816, Paul: 97o-689-8250 <br /> E-mail address: Doug: dkokesCa.fcgov.com, <br /> Paul: horsetoothvines@outlook.com <br /> SECTION 2-PROJECT DESCRIPTION <br /> A. Description of PROJECT: The BORROWER applied to the CWCB for a loan to be used <br /> for the Dixon Reservoir Dam Improvement (PROJECT), located in Larimer County, at <br /> a total estimated Project Cost of$309,000. The purpose of the PROJECT is to address <br /> dam seepage issues and dam outlet repair improvements to avoid a storage restriction <br /> from the Dam Safely Branch of the State Engineer's Office (SEO). <br /> B. Description of Feasibility Study: The CWCB has reviewed a feasibility study report, <br /> on the PROJECT, dated March 3o, 2016 titled "Feasibility study for the Dixon Canon <br /> Ditch and Reservoir Company-Dixon Reservoir Dam Improvement Project,"which was <br /> prepared by John Gauthiere P.E. of Gauthiere Engineering, Inc. and is incorporated <br /> herein by this reference. Based upon the feasibility report, the CWCB determined the <br /> PROJECT to be technically and financially feasible. <br /> SECTION 3-CWCB's AUTHORITY <br /> Construction Fund: This loan is made pursuant to the provisions of§§ 37-6o-119 and <br /> 37-60-120, C.R.S., which authorizes the CWCB to loan money for water projects from <br /> the CWCB Construction Fund for the benefit of the people of the state, provided that <br /> the BORROWER assures repayment of that money. <br /> Section 37-6o-122(1)(b) C.R.S., authorizes the CWCB to make loans of up to <br /> sio,000,000 from the CWCB's Construction Fund without prior approval from the <br /> General Assembly. <br /> SECTION 4-BOARD APPROVAL <br /> At its May 2016 meeting the CWCB approved a Project Loan from the (Construction <br /> Fund), to the BORROWER, in an amount up to $278,100 for PROJECT Costs. CWCB's <br /> LOAN ORIGINATION FEE of i%in the amount of$2,781, in accordance with CWCB Policy <br /> No. 16, added to the Base LOAN CONTRACT results in a TOTAL LOAN AMOUNT of <br /> $280,881, at an interest rate of 2.55%per annum for a repayment term of 3o years. <br /> Appendix <br /> Page 1 of 4 <br />