CT2019-366 BOL

• Contract/PO #: CT2019-366
• Contractor Name: Pueblo Conservancy District
• Contract Type: Loan
• Loan Projects - Doc Type: Contract Documents

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Tr ATTORNEYS AT LAW
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P.O. Box 333
PUEBLO,COLORADO 81003
[phone]
FAX No. [phone]
JOHN J. KEILBACH JAMES W.PRESTON (1876-1966)
WM.DAVID LYTLE E-MAIL ADDRESS: DAVID A PRESTON (1914-1973)
DANITA S.ALDERTON LEO S.ALTMAN (1911-2001)
[e-mail] DAVID C.PARLAPIANO(1930-2008)
September 5, 2018
Colorado Water Conservation Board
1313 Sherman Street, Room 718
Denver, CO 80203
Re: Loan Contract CT2019-366
Loan from Colorado Water Conservation Board to
Pueblo Conservancy District
Ladies and Gentlemen:
We are attorneys admitted to practice in the State of Colorado and we have
acted as bond counsel to PUEBLO CONSERVANCY DISTRICT (the "Conservancy
District"), which has entered into a Loan Contract (as hereinafter defined) with the
COLORADO WATER CONSERVATION BOARD (the "CWCB"), and have acted as
such in connection with the authorization, execution and delivery by the Conservancy
District of its Loan Contract (as hereinafter defined).
We have previously served as bond counsel for the Conservancy District in
connection with financing from ABC Bank and Canon National Bank (now Bank of the
San Juans, a Division of Galcier National Bank).
In acting as bond counsel with regard to the Loan Contract we have examined
the Constitution and laws of the State of Colorado and proceedings relating to
organization of the Conservancy District. We have also examined originals, or copies
certified or otherwise identified to our satisfaction, of the following:
(a) the Loan Contract, dated as of August 15, 2018 (the "Loan Contract") by and
between CWCB and the Conservancy District;
(b) the proceedings of the governing body of the Conservancy District relating to the
approval of the Loan Contract and the execution, issuance and delivery thereof on
behalf of the Conservancy District, and the authorization of the undertaking and
completion of the Project (as defined in the Loan Contract);
(c) the Promissory Note and Security Agreement, dated as of August 15 , 2018 (the
"Promissory Note" and "Security Agreement) issued by the Conservancy District to