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APPENDIX 1, PROJECT SUMMARY <br /> Loan Contract Number CT2019-2253 <br /> Section 1 —Borrower's Name <br /> Chilcott Ditch 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 Chilcott <br /> Augmentation Station(Project).The purpose of the Project is to repair the structural stability and <br /> discharge functionality of the Company's augmentation station so it may continue to deliver <br /> water to its shareholders. The total estimated Project Cost is $500,000.00 and is located in El <br /> Paso County. <br /> B. Description of Feasibility Study: Brett Gracely, P.E., with Matrix Design Group prepared the <br /> Loan Feasibility Study titled, "Feasibility of the Chilcott Ditch Augmentation Station Outfall <br /> Embankment Armament," dated June 2018. The feasibility study was prepared in accordance <br /> with CWCB guidelines and includes an analysis of alternatives, preliminary engineering, and <br /> estimated engineering costs. Based upon the feasibility report,the CWCB determined the Project <br /> to be technically and financially feasible. <br /> Section 3—CWCB's Authority <br /> This loan is made pursuant to the provisions of §§37-60-119 and 37-60-120, C.R.S., which <br /> authorizes the CWCB to loan money for water projects from the CWCB Construction Fund for the <br /> benefit of the people 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 Construction Fund without prior approval from the General Assembly. <br /> Section 4-Board Approval <br /> At its July 18, 2018 meeting the CWCB approved a Project Loan from the CWCB Construction <br /> Fund, to the Borrower, in an amount up to $500,000.00 for Project Costs. CWCB's Loan <br /> Origination Fee of 1%in the amount of$5,000.00 in accordance with CWCB Policy No. 16,added <br /> to the Base Loan Amount results in a Total Loan Amount of$505,000.00 at an interest rate of <br /> 2.55%per annum for a repayment term of twenty(20)years. <br /> Section 5—Schedule of Existing Debt As of the date of the CWCB loan approval,the Borrower has two <br /> (2)existing loan with CWCB,that are in good standing. <br /> Page 1 of 4 <br /> Contract Number:2019-2253 <br /> Appendix 1 <br />