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APPENDIX 1, PROJECT SUMMARY Loan Contract Number CT2019-3463 Section 1 —Borrower's Name Left Hand Ditch Company Section 2—Project Description A. Description of Project: The Borrower applied to the CWCB for a loan to be used for the Allen's Lake Filler Canal Improvements(Project), located in Boulder County,at a total estimated Project cost of$665,000.00 The purpose of the Project is to prevent water loss by piping a 2,400-foot section of ditch that experiences significant seepage and is prone to embankment failure. B. Description of Feasibility Study: Justin Terfehr,P.E.,with WWC Engineering,prepared the Loan Feasibility Study titled, "Feasibility Study Lake Ditch Improvements, " dated November 30, 2018. The feasibility study was prepared in accordance with CWCB guidelines and includes an analysis of alternatives, preliminary engineering design, and construction cost estimates and is incorporated herein by this reference. Based upon the feasibility report, the CWCB determined the Project to be technically and financially feasible. Section 3—CWCB's Authority Construction Fund: This loan is made pursuant to the provisions of§§37-60-119 and 37-60-120, C.R.S., which authorizes the CWCB to loan money for water projects from the CWCB Construction Fund for the benefit of the people of the state, provided that the Borrower assures repayment of that money. Section 37-60-122(1)(b) C.R.S., authorizes the CWCB to make loans of up to $10,000,000 from the CWCB's Construction Fund without prior approval from the General Assembly. Section 4 -Board Approval At its January, 2019 meeting the CWCB approved a Project Loan from the Construction Fund, to the Borrower, in an amount up to $665,000.00 for Project Costs. CWCB's Origination Fee of 1% in the amount of 6,650.00, in accordance with CWCB Policy No. 16, added to the Base Loan Amount results in a Total Loan Amount of$671,650.00,at an interest rate of 2.50%per annum for a repayment term of 30 years. Section 5—Schedule of Existing Debt As of the date of the CWCB loan approval,the Borrower's existing debt consists of the following CWCB loans. Both loans are in good standing. Lender Original Current Annual Maturity Collateral Balance Balance Payment Date CWCB (CT2015-088) $1,332,562 $1,256,907 $70,018 2042 Pledge of assessment revenues CWCB (CT2015-008) $1,203,086 $504,812 $26,776 2043 Pledge of assessment revenues, Left Hand Valley Reservoir TOTAL $1,761,719 $96,794 Page 1 of 3 Contract Number:CT2019-3463 Appendix 1