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C150312 PIF
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C150312 PIF
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Last modified
4/10/2018 1:42:16 PM
Creation date
4/10/2018 1:42:00 PM
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Loan Projects
Contract/PO #
C150312
Contractor Name
Swan's Nest Metropolitan District
Contract Type
Loan
Loan Projects - Doc Type
Contract Documents
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BORROWER: SWAN'S NEST METROPOLITAN Agency Name: Water Conservation Board <br /> DISTRICT, ACTING BY AND THROUGH ITS WATER Agency Number PDA <br /> ACTIVITY ENTERPRISE <br /> Contract No. C150312 m s ;;•53 <br /> Project Amount $150,000 <br /> Loan Service Fee $1,500 <br /> Loan Amount $151,500 <br /> LOAN CONTRACT <br /> (STANDARD CONTRACT-WAIVER#160-APPROVED NOVEMBER 10,2003) <br /> THIS CONTRACT, made this 13th day of August, 2010, by and between the State of <br /> Colorado for the use and benefit of the Department of Natural Resources, Colorado Water <br /> Conservation Board ("CWCB" or "STATE"), and Swan's Nest Metropolitan District, 375 <br /> Revett Drive, Breckenridge, Colorado, 80424, a Colorado Special District, acting by and <br /> through its Water Activity Enterprise ("BORROWER"). <br /> FACTUAL RECITALS <br /> 1. Authority exists in the law, and funds have been budgeted, appropriated and otherwise <br /> made available and a sufficient unencumbered balance thereof remains available for <br /> encumbering and subsequent payment of this contract under: Contract Encumbrance <br /> No. C150312, Fund Number 424, Appropriation Code M11, Organization YYYY, GBL <br /> S312, Program WTRC, Object Code 5560, Reporting Category 0312. <br /> 2. Required approval, clearance, and coordination have been accomplished from and with <br /> appropriate agencies. <br /> 3. The PROJECT Summary, attached as Appendix 1 and incorporated herein, contains <br /> BORROWER Information (Section 1), the PROJECT Dz. ..t.'n .ection 2), CWCB's <br /> authority for making this loan (Section 3), and C " :r! _.' .val and Legislative <br /> Authorization which identifies the amount of the loa 'anti '-- terms of repayment <br /> (Section 4). <br /> 4. The CWCB now desires, by this contract, to lInNineRti3EL for this <br /> PROJECT upon mutually agreeable terms and conditions. <br /> THEREFORE, in consideration of the mutual and dependent covenants contained <br /> herein, the parties agree as follows: <br /> A. LOAN PROVISIONS <br /> 1. Loan Service Fee. The amount of the loan (LOAN AMOUNT) shall include (1) the <br /> amount of the funds loaned by the CWCB to the BORROWER for the PROJECT and (2) <br /> a service fee of one percent (1%) of the PROJECT amount. In the event that the <br /> BORROWER does not use the LOAN AMOUNT authorized, the parties shall amend this <br /> contract to revise the LOAN AMOUNT including adjustment of the service fee to reflect <br /> Loan Contract C150312 <br /> Page 1 of 12 <br />
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