PROJ00438

• Contract/PO #: C153837
• Contractor Name: Chatfield South Water District
• Contract Type: Loan
• Water District: 8
• County: Douglas
• Bill Number: HB 98-1189
• Loan Projects - Doc Type: Feasibility Study

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WHEREAS, the Governmental Agency has made timely
application to the Drinking Water Revolving Fund for a loan to
finance a portion of the cost of a certain water resource project,
and the Authority has approved the Governmental Agency's
application for a loan from available funds of the Authority in an
amount not to exceed the amount of the loan commitment set forth in
Exhibit B hereto to finance al~ or a portion of the cost of such
project;

WHEREAS, the Governmental Agency will issue its bond to
the Authority to evidence said loan from the Authority;

NOW, THEREFORE, for a~d in consideration ot the award of
the loan by the Authority, the Governmental Agency agrees to
perform it~ obligation under this Loan Agreement in a~cordance with
the conditions, covenants and procedures set forth herein and
attached hereto as a part hereof, as follows:

ARTICLE'I.

DEFJ:NITIONS

in this Loan Agreement shall,
otherwise, have the following

1.lnless

The following terms as used
the context clearly requires

SECTION 1. 01.

Definitions.

l11eanings:

"Act" means the
Development Authority Act,"
Colorado ~evised Statutes,
amended and supplemented.

"Colorado Water Resour~es and Power
being Section 37-95-101 gh ~ of the
as the same may from time to time be

"Administrative Fee" means a' quarterly fee for
administration of the Loan as set forth on Exhibit C hereto,
payable as a part of the Loan Repayment under paragraph 3.03.

"Authority" means th~ Colorado Water Resources and Power
Development Authority, a body corporate and political subdivision
of the State of Colorado with Corporate succession d1.lly created and
validly existing under and by virtue of the Act.

C:\9up\OWRP\Loan Agre~nes\Direct\CilAt'FIE:U) so oo.wpd.

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July 9, 1998