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APPENDIX 1, PROJECT SUMMARY <br /> Loan Contract Number CT2019-3687 <br /> Section 1—Borrower's Name <br /> Central Colorado Water Conservancy District,Groundwater Management Subdistrict <br /> Section 2—Project Description <br /> A. Description of Project:The Borrower applied to the CWCB for a loan to be used for the Pioneer Reservoir <br /> (Project), located in Weld County,at a total estimated Project cost of$8,611,000.00. The purpose of this <br /> Project is to purchase a slurry wall lined gravel pit and convert the existing gravel pit into the Pioneer <br /> Reservoir. Development will include construction inlet, outlet, measurement facilities and Plumb Ditch <br /> improvement. The inlet will consist of a new check structure in Plumb Ditch, an approach channel and <br /> broad crested flume, a pipeline and grouted rip-rap rundown channel. The outlet will consist of a pump <br /> station and flow measurement device. <br /> B. Description of Feasibility Study: Ed Armbruster, P.E.,with White Sands Water Engineers, prepared the <br /> Loan Feasibility Study titled, "CWCB Loan Feasibility Study, Pioneer Reservoir Project,"dated January <br /> 2019.The feasibility study was prepared in accordance with CWCB guidelines and includes an alternative <br /> analysis and construction cost estimates and is incorporated herein by this reference. Based upon the <br /> feasibility study,the CWCB determined the Project to be 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)(l),37-60-119 and 37-60-120,C.R.S.,which authorize the CWCB to loan money for water projects <br /> from the CWCB Severance Tax Perpetual Base Fund for the benefit of the people of the state,provided that <br /> 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 the <br /> CWCB's Severance Tax Perpetual Base Fund without prior approval from the General Assembly. <br /> Section 4-Board Approval <br /> At its March 20,2019 meeting the CWCB approved a Project Loan from the Severance Tax Perpetual Base <br /> Fund,to the Borrower,in an amount up to$8,611,000.00 for Project Costs.CWCB's Origination Fee of 1% <br /> in the amount of$86,110.00, in accordance with CWCB Policy No. 16, added to the Base Loan Amount <br /> results in a Total Loan Amount of$8,697,110.00, at an interest rate of 1.20% per annum for a repayment <br /> term of ten(10)years. <br /> Section 5—Schedule of Existing Debt <br /> As of the date of the CWCB loan approval,the the Borrower's existing CWCB debt consists of the CWCB <br /> loan listed in the table below.The CWCB loan is in good standing. <br /> Lender Original Current Annual Maturity Collateral <br /> Balance Balance Payment Date <br /> CWCB Pledge of Nov 2002 <br /> (C150117) $15,000,000 $5,277,455 $740,766 2027 approved tax <br /> revenues <br /> BOND Series 18,000,000 18,000,000 See bond 2029 Pledge of Revenues <br /> 2019A <br /> Page 1 of 3 <br /> Contract Number:CT2019-3687 <br /> Appendix 1 <br />