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<br />. <br /> <br />. <br /> <br />PROJECT SUMMARY: CITY OF VICTOR, CONTRACT NUMBER C150081 <br /> <br />Section 1 - Project Information <br />A. Borrower info <br />Name: <br /> <br />City of Victor, acting by and through the City of Victor, Colorado Water <br />and Wastewater Enterprise <br />500 Victor Avenue, P.O. Box 86, Victor, CO BOB60 <br />(719) 6B9-2703 <br />Duly constituted statutory city located in Teller County, Colorado, acting <br />by and through its water and sewer enterprise formed pursuant to <br />C.R.S. 37-45.1-101 et seq. <br />B. Description of Project: Minor enlargement, stabilization and reconstruction of the dam, <br />outlet works, measuring devices and spillway for Victor Reservoir No.2, a municipal and <br />industrial water storage facility owned and operated by the City of Victor including access to <br />and from site, and other necessary and desirable activities ancillary thereto. <br />C. Description of Feasibility Study: 'Victor Reservoir No. 2 Dam Rehabilitation Project" <br />compiled by Icon Engineering. <br /> <br />Address: <br />Phone Number: <br />Type of Entity: <br /> <br />SECTION 2 - SCHEDULE OF EXISTING DEBT <br /> <br /> Lienholder Contract Original Amount Term of Priority <br /> Date Repayment <br />United States of America <br />(USDA Rural Development for 11/23/94 $1,000,000.00 40 years Parity <br />Sewer Revenue Bond <br /> <br />A May 9, 2001 letter from Leroy Cruz, Director of Community and Business Programs for United <br />States Department of Agriculture, Rural Development, evidencing the United States' consent to <br />parity status of the lien created by Loan Contract C150081 with the United States' lien, is attached <br />hereto. <br /> <br />Section 3 - Collateral <br />Collateral. Part of the security provided for this loan, as evidenced by the executed Security <br />Agreement attached as Appendix 4 and incorporated herein, shall be an undivided one hundred <br />percent (100%) interest in pledge of water system revenues as set forth in the Security Agreement. <br /> <br />SECTION 4 - DISBURSEMENT SCHEDULE <br /> <br />The BORROWER shall prepare a periodic progress report which contains a statement of the <br />PROJECT costs expended for that period and shall forward said statement to the CWCB. After <br />receipt of the periodic progress report from the BORROWER, and review and acceptance of the <br />items therein as eligible expenses as described below, the CWeB will pay to the BORROWER the <br /> <br />Appendix 1 to Loan Contract C150081 <br />