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APPENDIX 1, PROJECT SUMMARY <br /> Loan Contract Number CT2018-3122 <br /> Section 1 —Borrower's Name <br /> Trinchera Irrigation Company <br /> Section 2—Project Description <br /> A. Description of Project: The Borrower applied to the CWCB for a loan to be used for the Mountain <br /> Home Dam Outlet Rehabilitation Phase III (Project), located in Costilla County, at a total <br /> estimated project cost of $987,000.00. The purpose of the Project is to meet State Engineers ' <br /> Office, Dam Safety Branch's (SEO) emergency drawdown requirements and eliminate leakage <br /> by rehabilitating dam outlet works. <br /> B. Description of Feasibility Study: Clint Brown, P.E., prepared the Loan Feasibility Study titled, <br /> Mountain Home Dam Outlet Rehabilitation dated February 1, 2018. The feasibility study was <br /> prepared in accordance with CWCB guidelines and includes an analysis of alternatives, <br /> preliminary engineering design, and construction cost estimates and is incorporated herein by <br /> this reference. Based upon the feasibility report, the CWCB determined the Project to be <br /> technically and financially feasible. <br /> Section 3—CWCB's Authority <br /> Severance Tax Perpetual Base Fund: This loan is made pursuant to the provisions of§§39-29- <br /> 109(1)(a)(1), 37-60-119 and 37-60-120, C.R.S., which authorize the CWCB to loan money for <br /> water projects from the CWCB Severance Tax Perpetual Base Fund for the benefit of the people <br /> of the state,provided that the Borrower assures repayment of that money. <br /> Section 37-60-122(1)(b) C.R.S.,authorizes the CWCB to make loans of up to $10,000,000 from <br /> the CWCB's Severance Tax Perpetual Base Fund without prior approval from the General <br /> Assembly. <br /> Section 4-Board Approval <br /> At its March,2018 meeting the CWCB approved a Project Loan from the Severance Tax Perpetual <br /> Base Fund, to the Borrower, in an amount up to $436,000.00 for Project Costs. CWCB's <br /> Origination Fee of 1%in the amount of$4,360.00 in accordance with CWCB Policy No. 16,added <br /> to the Base Loan Amount results in a Total Loan Amount of$440,360.00, at an interest rate of <br /> 1.65%per annum for a repayment term of 30 years. <br /> Section 5—Schedule of Existing Debt <br /> As of the date of the CWCB loan approval,the Borrower's existing debt consists of the following <br /> CWCB loans. All loans are in good standing. <br /> Page I of 4 <br /> Contract Number:CT2018-3122 <br />