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<br />. <br /> <br />. <br /> <br />KUTAK ROCK LLP <br /> <br />Colorado Water Conservation Board <br />May 4, 2000 <br />Page 2 <br /> <br />entered into by the State, will be valid and binding against the District and the Enterprise; <br />provided however, in rendering this opinion, we specifically express no opinion regarding the <br />validity or enforceablity of any provisions in the Contract relating to the indernnity of the State <br />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 />KUTAK ROCK, L.L.P. <br /> <br />12;p~~ <br /> <br />cc: Larry Clever <br />Mark A. Hermundstad <br /> <br />02.64231.01 <br />