PROJC00983

• Contract/PO #: C153663
• Contractor Name: Hudson, Town of & Hudson Water Fund Entrprise
• Contract Type: Loan
• Water District: 1
• County: Weld
• Bill Number: SB 78-69
• Loan Projects - Doc Type: Contract Documents

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raw water to the Borrower and other participating entities; and

WHEREAS, on July 21, 1993, pursuant to the National
Environmental Policy Act, 42 U.S.C. 4331, et seo., the United
States Department of the Interior, Bureau of Reclamation, issued a
Finding of No Significant Impact No. EA-E-400-92-15, which
determined that construction and operation of the Project will not
significantly affect the quality of the human environment, and on
October 22, 1993, issued a Special Use Permit to the NCWCD for
Project-related activities on federal land; and

WHEREAS, the
construction of the
State; and

Borrower
Project,

desires to participate in the
in part through financing from the

WHEREAS, the Borrower has entered into an Interim Agreement
with NCWCD dated January 27, 1993, to fund its pro rata share of
certain design and cost estimates for the Project; and

WHEREAS, in order to obtain the right to use it share of
capacity in the Carter Lake-to-Broomfield segment of the Project as
shown in Appendix B attached hereto and to fund its share of costs
for planning, design, right-of-way acquisition, construction,
administration, operation, maintenance, repair and rehabilitation
of such segment of the Project, the Borrower soon will enter into
an Allotment Contract, hereinafter called the Allotment Contract,
with the SWSP Enterprise; and

WHEREAS, the Borrower's right to utilize its share of the
capacity of the Project as more fully set forth in its Allotment
Contract with the SWSP Enterprise is part of the security which the
Borrower shall provide to the State to ensure the repayment of the
loan made as a part of this contract; and

WHEREAS, the Hudson Water Fund Enterprise is an Enterprise
within the meaning of ~ 37-45.1-101 et seo" C.R.S. and Article X,
Section 20 of the Colorado Constitution as recognized by a
resolution of the Board of Trustees of the Town of Hudson dated
December 8. 1993 ,attached hereto as Appendix C. The purpose of
the Hudson Water Fund Enterprise inter alias is to continue to
administer the town's water utilities and to participate in the
Project; and

WHEREAS, at a regular meeting and workshop of the Colorado
Water Conservation Board held at Denver, Colorado on February 19,
1993, the Board passed a resolution which established, at the
request of the Borrower, a principal amount of $1,100,000, payable
by the Borrower at an interest rate of 2% for a period of 20 years;
and

WHEREAS, pursuant to House Bill No. 93-1273. duly enacted into
law in Section 1 of Chapter 254 of the 1993 Session Laws of the
First Regular Session of the Fifty-Ninth General Assembly of the
State of Colorado, the Colorado Water Conservation Board was
authorized to loan the cumulative sum of $7,050,000 to the cities

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