C150160 PIF

• Contract/PO #: C150160
• Contractor Name: Ground Water Management Subdistrict of the Central Colorado Water Conservancy District
• Contract Type: Loan
• Loan Projects - Doc Type: Contract Documents

BORROWER: CENTRAL COLORADO WCD Agency Name: Water Conservation Board
. Contract No. C150160 Agency Number PDA
Project Amount $4,468,515 Routing Number 05 PDA QO
Loan Service Fee $44,685
Loan Amount $4,513,200
LOAN CONTRACT
(STANDARD CONTRACT-WAIVER#160-APPROVED NOVEMBER 10, 2003)
THIS CONTRACT, made this July 10, 2004, by and between the State of Colorado for
the use and benefit of the Department of Natural Resources, Colorado Water Conservation
Board ("CWCB" or "STATE"), and the Ground Water Management Subdistrict of the Central
Colorado Water Conservancy District, 3209 West 28th Street, Greeley, Colorado 80634,
("BORROWER").
FACTUAL RECITALS
1. Authority exists in the law, and funds have been budgeted, appropriated and otherwise
made available and a sufficient unencumbered balance thereof remains available for
encumbering and subsequent payment of this contract under: Contract Encumbrance
No. C150160, Fund Number 424, Appropriation Code MC4, Organization YYYY, GBL
C160, Program WTRC, Object Code 5560, Reporting Category 0160.
2. Required approval, clearance, and coordination have been accomplished from and with
appropriate agencies.
3. The PROJECT Summary, attached as Appendix 1 and incorporated herein, contains
BORROWER Information (Section 1), the PROJECT Description (Section 2), CWCB's
authority for making this loan (Section 3), and CWCB Approval and Legislative
Authorization which identifies the amount of the loan and the terms of repayment
(Section 4).
4. The CWCB now desires, by this contract, to loan money to the BORROWER for this
PROJECT upon mutually agreeable terms and conditions.
THEREFORE, in consideration of the mutual and dependent covenants contained
herein, the parties agree as follows:
A. LOAN PROVISIONS
1. Loan Service Fee. The amount of the loan (LOAN AMOUNT) shall include (1) the
amount of the funds loaned by the CWCB to the BORROWER for the PROJECT and (2)
a service fee of one percent (1%) of the PROJECT amount. In the event that the
BORROWER does not use the LOAN AMOUNT authorized, the parties shall amend this
contract to revise the LOAN AMOUNT including adjustment of the service fee to reflect
1% of the actual LOAN AMOUNT disbursed to the BORROWER. `rig}
2. Contract Amendment Service Fees. Under certain circumstances, the BQRROIER
shall be assessed a fee for amending the contract.
a. A service fee shall be imposed on the BORROWER for amendments processed for
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