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Project Summary — Swan's Nest Metropolitan District — Contract No. <br /> C150312 <br /> SECTION 1 —BORROWER INFORMATION <br /> Name: Swan's Nest Metropolitan District, acting by and through <br /> its Water Activity Enterprise <br /> Address: 375 Revett Drive, Breckenridge, CO 80424 <br /> Contact: Alan Wicked, Board President <br /> Phone Number: 970-453-4778 <br /> E-mail address: awick10533@aol.com <br /> Type of Entity: The BORROWER is a Colorado Title 32 Special District, <br /> and is located in Summit County, Colorado. The Water <br /> Activity Enterprise is a water activity enterprise <br /> established by the Swan's Nest Metropolitan District <br /> pursuant to Article 45.1, Title 37, C.R.S. The <br /> Enterprise was formed and is operated as an enterprise <br /> within the meaning of COLO. CONST. Art. X, Section 20. <br /> Section 2 — Project Description <br /> A. Description of PROJECT: The BORROWER applied to the CWCB for a loan to be <br /> used for the acquisition of certain water rights and improvements, located in <br /> Summit County, hereinafter referred to as the PROJECT, at an estimated total cost <br /> of $285,000. <br /> B. Description of Feasibility Study: The CWCB has reviewed a feasibility study <br /> report on the PROJECT compiled by Alan Wicked, with assistance from Peter <br /> Boddie, Senior Hydrologist with HRS Water Consultants, which is incorporated <br /> herein by reference, and, based upon the feasibility report, the CWCB determined <br /> the PROJECT to be technically and financially feasible. <br /> SECTION 3—CWCB's AUTHORITY <br /> Construction Fund: This loan is made pursuant to the provisions of §§ 37-60-119 <br /> and 37-60-120, C.R.S., which authorize the CWCB to loan money for water projects <br /> from the CWCB Construction Fund for the benefit of the people • the state, provided <br /> that the borrower assures repayment of that money. <br /> Section 37-60-122(1)(b) C.R.S., authorizes the CWCB to . Ick - •%p to <br /> $10,000,000 from the CWCB's Construction Fund and t . .t Severance Tax Trust <br /> Fund Perpetual Base Account Fund without prior • 411 4011 -n l <br /> Assembly. ., 'oryT <br /> SECTION 5—SCHEDULE OF EXISTING DEBT <br /> No existing debt tied to the District's enterprise fund. <br /> SECTION 6—ADDITIONAL CONDITIONS & CONTRACT REQUIREMENTS <br /> Appendix 1 to Loan Contract C150312 <br /> Page 1 of 2 <br />