C150100 Contract Paid in Full

• Contract/PO #: C150100
• Contractor Name: East Dillon Water District
• Contract Type: Loan
• Loan Projects - Doc Type: Contract Documents

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BORROWER: EAST DILLON WATER DISTRICT Agency Name: Water Conservation Board
Contract No. C150100 Agency Number PDA
Loan Amount $2,550,000 Routing Number 03 PDA (Z0403&j
LOAN CONTRACT
THIS CONTRACT, made this November 10, 2002, by and between the State of
Colorado for the use and benefit of the Department of Natural Resources, Colorado Water
Conservation Board ("CWCB"), and the East Dillon Water District, a Colorado special
district, 101 S. 7th Street, P.O. Box 627, Frisco, CO 80443-0627 ("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
payment as follow: Contract Encumbrance No. C150100, Fund Number 424,
Organization YYYY, Appropriation Code L02, GBL E100, Program WTRC, Object
Code 5560, Reporting Category 0100.
2. Required approval, clearance, and coordination have been accomplished from and with
appropriate agencies.
3. The PROJECT Summary, attached as Appendix 1 and incorporated herein, contains
BORROWER Information (Section 1), the PROJECT Description (Section 2), CWCB's
authority for making this loan (Section 3), and CWCB Approval and Legislative
Authorization (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 , - .
A. LOAN PROVISIONS
1. Promissory Note Provisions. The CWCB ag • •- ` o the BORROWER an
amount not to exceed the LOAN AMOUNT and • •r. r.o , . .r • +.y the loan in
accordance with the terms as set forth in th 'it ssf ir, e I th:. or attached
hereto as Appendix 2 and incorporated here'.: . . , h. Pr. ,Is- _. - identify the
LOAN AMOUNT. If the amount of loan funds disbursed by the CWCB to the BORROWER
differs from the LOAN AMOUNT, the Parties agree to amend this contract to revise the
LOAN AMOUNT.
2. Interest Prior to PROJECT Completion. As the loan funds are disbursed by the CWCB
to the BORROWER, interest shall accrue at the rate set by the CWCB for this loan. The
CWCB shall calculate the amount of the interest that accrued prior to substantial
completion of the PROJECT and notify BORROWER of such amount. The BORROWER
shall repay that amount to the CWCB either within ten (10) days from the date of
notification from the CWCB, or, at the CWCB's discretion, said interest shall be
deducted from the final disbursement of loan funds that the CWCB makes to the
BORROWER.
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