CT2018-3303 AOL

• Contract/PO #: CT2018-3303
• Contractor Name: San Luis Valley Irrigation District
• Contract Type: Loan
• Loan Projects - Doc Type: Contract Documents

Law Office of Tod J. Smith, LLC
2919 VALMONT ROAD, SUITE 205
BOULDER, COLORADO 80301
Tod J.Smith Telephone: [phone]
E-mail: [e-mail]
May 9, 2018
Ms. Peg Mason
Contracts Manager
Colorado Water Conservation Board
Water Supply Planning and Finance Section
1580 Logan Street, Suite 750
Denver, Colorado 80203
Re: San Luis Valley Irrigation District
Loan Contract No. CT: 2018-3303
Dear Ms. Mason:
This Attorney Opinion Letter is provided in compliance with Section 7 of the proposed
Loan Contract No. CT: 2018-3303 (the"Loan Contract"),between the Colorado Water
Conservation Board(the"CWCB") and the San Luis Valley Irrigation District(the"Borrower").
The Law Office of Tod J. Smith, LLC serves as general legal counsel to the District.
In response to the information requested in Section 7 of the Loan Contract, it is my
opinion that:
1. Randall Palmgren is a duly elected member of the Board of Directors of the
Borrower and was appointed by the Board as President. In accordance with the San Luis Valley
Irrigation District's Resolution Nos. 2018-01 and 2018-02, the President of the Borrower's Board
of Directors is authorized to and has executed the Loan Contract which binds the Borrower.
2. The Borrower's landowners, at an election held on April 3, 2018, by a vote of 64
FOR and 7 AGAINST, authorized the Borrower to apply for and obtain the loan provided for in
the Loan Contract.
3. There are no provisions in the Colorado Constitution or any other state or local
law that prevents the Loan Contract from binding the Borrower.
4. The Loan Contract will be valid and binding against the Borrower when executed
and entered into by the CWCB.