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STATE OF COLORADO CONTRACT <br /> NONGOVERNMENTAL LOAN CONTRACT <br /> COVER PAGE <br /> State Agency Loan Contract Number <br /> Department of Natural Resources CMS 129433 <br /> Colorado Water Conservation Board(CWCB) CT2019-2034 <br /> 1313 Sherman St,Room 718 <br /> Denver,CO 80203 <br /> Borrower's Name and Address Loan Contract Project Performance Beginning Date <br /> Florida Consolidated Ditch Company The Loan Effective Date <br /> 1053 Main Avenue,Suite 103 Loan Contract Project Performance End Date <br /> Durango,CO 81301 Five(5)years from the Project Performance Beginning Date <br /> Entity type or upon the Project Performance End Date stated within <br /> Non-governmental-Nonprofit Ditch Company CWCB's"Notice of Project Substantial Completion." <br /> Base Loan Amount(Amount in CORE) Loan Effective Date <br /> $1,075,000.00 The Effective Date(the date the State Controller or an <br /> One Percent(1%)Loan Origination Fee authorized delegate signs this Loan Contract). <br /> $10,750.00 Loan Contract Terms <br /> Total Loan Amount(Includes One Percent(1%) 1.80%for 30 years <br /> Origination Fee <br /> $1,085,750.00 <br /> Contract Authority <br /> Authority to enter into this C©ntract exists in§37-60-119(2), <br /> C.R.S., §37-60-120,C.R.S.,and§37-60-121,C.R.S. <br /> Project Name <br /> Hess Lateral Improvement <br /> Contract Purpose <br /> The Hess Lateral is an earth-lined,open irrigation ditch.The purpose is to pipe 4 miles of the d tch. <br /> Appendices and Order of Precedence <br /> The following Appendices are included with this Contract: <br /> 1. Appendix 1,Project Summary <br /> 2. Appendix 2,Sample Option Letter <br /> 3. Appendix 3,Promissory Note <br /> 4. Appendix 4,Resolutions <br /> 5. Appendix 5,Security Agreement <br /> 6. Appendix 6,Deed of Trust <br /> In the event of a conflict or inconsistency between this Contract and any Appendices such conflict or inconsistency shall be <br /> resolved by reference to the documents in the following order of priority: <br /> 1. Colorado Special Provisions in§26 of the main body of this Contract. <br /> 2. The provisions of the other sections of the main body of this Contract. <br /> 3. Appendix 3,Promissory Note <br /> 4. Appendix 5,Security Agreement <br /> 5. Appendix 6,Deed of Trust <br /> 6. All other Appendices <br /> Principal Representatives <br /> For the State: For Borrower: <br /> Kirk Russell Roger Cole,Board Presid nt <br /> Colorado Water Conservation Board Florida Consolidated Ditc!i Company <br /> 1313 Sherman St.,Room 718 P.O.Box 2138 <br /> Denver,CO Durango,CO 81302 <br /> 303-866-3441 x3232 970-749-1692 <br /> kirk.russell@state.co.us coleranchhay@.durango.net <br /> Contract Number:CT2019-2034 Page 1 of 20 Version 0119 <br />