CT2017-1402 Attorney Opinion Letter

• Contract/PO #: CT2017-1402
• Contractor Name: North Poudre Irrigation Company
• Contract Type: Loan
• Loan Projects - Doc Type: Contract Documents

10,R BIND, oTTENHOFF
& ROOT 1;I.P Kenneth F. Lind
A t:: t: o) r n e y 5 at L a w George H. Ot.tenhoff
John D. Root
355 Eastman Park Dr., Ste. 200 • Windsor, CO 80550
Telephone: [phone] • Fax: [phone] Chrysten S. Hinze
Email: [e-mail]
October 27, 2016
as of August 11, 2016
Colorado Water Conservation Board
Department of Natural Resources
1313 Sherman Street, Room 718
Denver, CO 80203
RE: Corrected Attorney Opinion Letter
The North Poudre Irrigation Company and
Colorado Water Conservation Board
Loan Contract No. CT2017-1402 (Livermore Irrigation Tunnel Rehabilitation)
Ladies & Gentlemen:
Pursuant to that certain Loan Contract, Contract No. CT2017-1402 (Livermore Irrigation
Tunnel Rehabilitation) dated July 20, 2016 in the total amount of$1,451,673.00 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 ("NPIC") as
Borrower, we hereby provide to the State our opinion as follows:
(1) NPIC is a Colorado non-profit corporation in good standing;
(2) The above referenced Loan Contract and Appendix documents have been duly
executed on behalf of NPIC by Nels Nelson as President and Sharon Seaworth as
Corporate Secretary;
(3) That the said President, Nels Nelson and Corporate Secretary, Sharon Seaworth
were duly elected at a properly called and held Meeting of the Shareholders and
Board of Directors of NPIC and they do have the authority to execute the Loan
Contract and to bind NPIC;
(4) Attached to the Loan Contract as Appendix 4 is the original Resolutions of the
Board of Directors of The North Poudre Irrigation Company which said Resolutions
approve the Loan Contract and attached Appendix documents including the