C150121 Paid in Full Contract

• Contract/PO #: C150121
• Contractor Name: Little Thompson Water District
• Contract Type: Loan
• Loan Projects - Doc Type: Application

BORROWER: Little Thompson Water Dist. Agency Name: Water Conservation Board
Contract No. C150121 Agency Number PDA
Loan Amount $3,937,500 Routing Number 05 PDA Oe)o
LOAN CONTRACT
(STANDARD CONTRACT-WAIVER#160-APPROVED NOVEMBER 10, 2003)
THIS CONTRACT, made this December 1, 2004, by and between the State of
Colorado for the use and benefit of the Department of Natural Resources, Colorado Water
Conservation Board ("CWCB" or "STATE"), and Little Thompson Water District acting by
and through the Little Thompson Water District Water Activity Enterprise, P. O. Box G,
Berthoud, Colorado 80513 ("BORROWER").
FACTUAL RECITALS
1. Authority exists in the law, and funds have been budgeted, appropriated and otherwise
made available and a sufficient unencumbered balance thereof remains available for
encumbering and subsequent payment of this contract under: Contract Encumbrance
No. C150121, Fund Number 424, Appropriation Code S03, Organization YYYY, GBL
L121, Program WTRC, Object Code 5560, Ft
=complished
0121.
2. Required approval, clearance, and coordin from and with
appropriate agencies.
3. The PROJECT Summary, attached a . di d i, or ra ed herein, contains
BORROWER Information (Section 1), 1' of ection 2), CWCB's
authority for making this loan (Section 3), and CWCB Approval and Legislative
Authorization which identifies the amount of the loan and the terms of repayment
(Section 4).
4. The CWCB now desires, by this contract, to loan money to the BORROWER for this
PROJECT upon mutually agreeable terms and conditions.
THEREFORE, in consideration of the mutual and dependent covenants contained
herein, the parties agree as follows:
A. LOAN PROVISIONS
1. Loan Service Fee. The amount of the loan (LOAN AMOUNT) shall include (1) the
amount of the funds loaned by the CWCB to the BORROWER for the PROJECT and (2)
a service fee of one percent (1%) of the PROJECT amount. In the event that the
BORROWER does not use the LOAN AMOUNT authorized, the parties shall amend this
contract to revise the LOAN AMOUNT including adjustment of the service fee to reflect
I% of the actual LOAN AMOUNT disbursed to the BORROWER.
2. Contract Amendment Service Fees. Under certain circumstances, the BORROWER
shall be assessed a fee for amending the contract.
a. A service fee shall be imposed on the BORROWER for amendments processed for
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