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<br />STATE OF COLORADO <br /> <br />Colorado Water Conservation Board <br /> <br />Department o/Natural Resources <br />1313 Sherman StTeet, Room 72] <br />Denver, Colorado 80203 <br />Phone: (303) 866-3441 <br />FAX: (303) 866-4474 <br /> <br />~ <br /> <br />Bill Owens <br />Governor <br /> <br />Greg E. Walcher <br />Executive Director <br /> <br />Peter H. EvatlS <br />eWeB Director <br /> <br />CONSENT TO ADDITIONAL PARITY BONDS <br /> <br />Dan McAuliffe <br />Deputy Director <br /> <br />IT IS HEREBY CERTIFIED by the undersigned duly authorized officer of the Colorado <br />Water Conservation Board ("the Board") that: <br /> <br />1, This consent is delivered in connection with the issuance of the Ute Water Conservancy <br />District Water Revenue Bonds Series 2000, in the aggregate principal amount of$17,095,000 <br />("the Bonds"), which the District, acting by and through the Ute Water Activity Enterprise, <br />will issue on May 17,2000, <br /> <br />2, The District has heretofore entered into Loan Contracts Cl53329 ($1,000,000) and C153380 <br />(7,987,500), The District also has entered into Loan Contracts C153670A ($400,000), <br />Cl53670B ($10,137,500), and Cl50026 ($7,000,000), which loans the District has pledged <br />to repay from net revenues of its water system, These five loan contracts hereinafter are <br />collectively referred to as "Loan Contracts," <br /> <br />3, Based upon its review of the Parity Revenue Bond Certificate prepared for the District by <br />Costello, Allyn & Co., P,C. dated May 17,2000, and of the Preliminary Official Statement <br />on the Bonds dated April 27, 2000 prepared by Bigelow & Company, the Board hereby <br />consents to the issuance of the Bonds with a lien on the net revenues of the District's water <br />system that is on a parity with the lien of the Loan Contracts with respect to those revenues, <br /> <br />Executed this <br /> <br />l-=f~ <br /> <br />day of May 2000. <br /> <br />COLORADO WATER CONSERVATION BOARD <br /> <br />By~ll.~.- <br /> <br />Peter H. Evans, Director <br />