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S <br /> GREGORY A. WHITE <br /> Attorney at Law <br /> North Park Place <br /> 1423 West 29th Street 970/667-5310 <br /> Loveland, Colorado 80538 Fax 970/667-2527 <br /> June 29, 2017 <br /> Colorado Water Conservation Board <br /> Department of Natural Resources <br /> 1313 Sherman Street, Room 721 <br /> Denver, CO 80203 <br /> Re: Boxelder Basin Regional Stormwater Authority <br /> Colorado Water Conservation Board Original Contract Number <br /> CMS 65326, C150353 <br /> Amendment No. 1 Contract Number CMS 101179, CT 2015-070 <br /> To Whom It May Concern: <br /> I am the General Counsel for the Boxelder Basin Regional Stormwater Authority (the <br /> "Authority"). I am providing the opinion required by the State of Colorado Department of <br /> Natural Resources Water Conservation Board ("CWCB") in provision 5(A)(D) of the Loan <br /> Contract Amendment No. 1 (the "Amended Loan Contract"). <br /> The execution by the Authority of the Amended Loan Contract, including the documents <br /> attached thereto, was approved pursuant to Resolution No. 2017-06-01 passed and <br /> adopted by the Board of Directors of the Authority on June 26, 2017 (the "Resolution"). <br /> I have examined the constitution and the laws of the State of Colorado (the "State"), an <br /> Intergovernmental Agreement for Stormwater Cooperation and Management dated <br /> August 20, 2008, as amended by a First Amendment to Intergovernmental Agreement for <br /> Stormwater Cooperation and Management dated June 16, 2014, among the Board of <br /> Commissioners of Larimer County (the "County"), the City of Fort Collins, Colorado (the <br /> "City"), and the Town of Wellington (the "Town") collectively (the "Authority IGA"), the <br /> Intergovernmental Agreement for the Larimer County Road 52 Project dated June 16, <br /> 2014, among the Authority, the County, the City, the Town and the Timnath Development <br /> Authority, and such certified proceedings, certificates, documents, opinions and other <br /> papers as I deem necessary to render this opinion. <br /> I have also examined and relied upon originals, or copies certified or otherwise <br /> authenticated to my satisfaction, of such other records, documents, certificates and other <br /> instruments, and made such investigation of law as in my judgment I have deemed <br /> necessary or appropriate to enable me to render the opinions expressed below. <br />