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<br />. <br /> <br />. <br /> <br />KUTAK ROCK LLP <br /> <br />Colorado Water Conservation Board <br />August 9, 2000 <br />Page 2 <br /> <br />Contract Amendment, if entered into by the State, will be valid and binding against the District <br />and the Enterprise; provided however, in rendering this opinion, we specifically express no <br />opinion regarding the validity or enforceablity of any provisions in the Contract Amendment <br />relating to the indemnity of the State by the District and the Enterprise. <br /> <br />Please contact us if you have any questions or comments about the above opinion. <br /> <br />Very truly yours, <br /> <br />KUT AK ROCK, L.L.P. <br /> <br />~Vk\?~ <br /> <br />Thomas M. Peltz <br /> <br />cc: Larry Clever <br />Mark A. Hermundstad <br /> <br />02-73731.01 <br />