CT2017-2253 Attorney Opinion Letter

• Contract/PO #: CT2017-2253
• Contractor Name: Larimer and Weld Irrigation Company
• Contract Type: Loan
• Loan Projects - Doc Type: Contract Documents

THE DOW LAW FIRM, LLC
ATTORNEYS AND COUNSELORS AT LAW
TIMOTHY J.DOW,MBA,JD P.O.BOX 1578 #5 CLOCK TOWER SQUARE
PATRICIA T.DOW,CPA,JD,LLM* FORT COLLINS,COLORADO 80522-1578 323 SOUTH COLLEGE AVENUE
[phone] FORT COLLINS,COLORADO 80524
MAYO SOMMERMEYER,LLC
OF COUNSEL FAX: [phone] ALSO ADMITTED TO PRACTICE LAW IN NEBRASKA
E-MAIL: [e-mail]
November 10, 2016
Peg Mason
Contract Administrator
Colorado Water Conservation Board
1212 Sherman Street, Room 718
Denver, CO 80203
Re: Larimer&Weld Irrigation Company
CWCB Contract: CT2017-2253
Opinion of Counsel
Dear Ms. Mason:
Please be advised that this firm serves as general legal counsel for Larimer & Weld
Irrigation Company ("LWIC"). We have reviewed your email memo of September 26, 2016
regarding the referenced loan matter along with copies of the loan documents. In connection
with this matter, we have reviewed the following:
1. Your email dated September 26, 2016;
2. Loan Contract No. CT2017-2253;
3. Resolution of the Board of Directors of LWIC dated September 8, 2016
approving the referenced loan and authorizing the Officers to proceed with
execution of the Loan Contract and all loan documents reasonably necessary to
complete the closing of this loan;
4. Project Summary for the referenced loan;
5. Promissory Note dated November 10, 2016;
6. Security Agreement dated November 10, 2016; and
7. Deed of Trust dated November 10, 2016.
In addition, we are familiar with LWIC's ditch company operations generally and have
reviewed LWIC's general corporate organizational documents, including Articles of