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PROJECT SUMMARY- GRAND VALLEY WATER USERS ASSOCIATION, <br /> A COLORADO NONPROFIT CORPORATION <br /> LOAN CONTRACT No. CT2oi7-2258 <br /> SECTION 1-BORROWER INFORMATION <br /> Name: Grand Valley Water Users Association <br /> Type of Entity: A Colorado nonprofit corporation <br /> Address: 1147 24 Road, Grand Junction, Colorado 81505 <br /> Contact: Mark Harris, General Manager <br /> Phone Number: 970-242-5065 <br /> E-mail address: mharris@gvwua.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 Government Highline Canal Lining ("PROJECT"). As part of the Roller Dam <br /> Rehabilitation, this PROJECT will line the first 500 feet of canal immediately below the <br /> Roller Dam. The total estimated Project Cost is $800,000.00 and is located in Mesa <br /> County. <br /> B. Description of Feasibility Study: The CWCB has reviewed a feasibility study report, <br /> on the PROJECT, dated July 29, 2016 titled "Loan Feasibility Study-Grand Valley Project- <br /> Government Highline Canal Top 500 Feet Lining Project- Canyon Canal Improvement <br /> Project,"which was prepared by Angie Fowler, P.E. of SGM, Inc. Frederick Busch, P.E., <br /> of the Bureau of Reclamation provided preliminary design and cost estimates and will <br /> deliver the final design and specifications. The feasibility study is incorporated herein <br /> by this reference. Based upon the feasibility report, the CWCB determined the PROJECT <br /> to be technically and financially feasible. <br /> SECTION 3-CWCB's AUTHORITY <br /> Construction Fund: This loan is made pursuant to the provisions of§§37-60-119 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 September 21, 2016, meeting the CWCB approved a Project Loan from the <br /> Construction Fund, to the BORROWER, in an amount up to $15o,000.00 for PROJECT <br /> Costs. CWCB's LOAN ORIGINATION FEE of i%in the amount of$1,5oo.00, in accordance <br /> with CWCB Policy No. 16, added to the BASE LOAN AMOUNT results in a TOTAL LOAN <br /> AMOUNT of$151,5oo.00, at an interest rate of 1.55%per annum for a repayment term <br /> Appendix 1 <br /> Page 1 of 4 <br />