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<br />OEPARTMENT OR AGENCY NAME,
<br />Water"Conservation Board
<br />DEPARTMENT OR AGENCY NUMBER
<br />PDA
<br />ROUTING NUMBER
<br />95<''-/7'3>
<br />
<br />"
<br />
<br />Feasibility Study #C1534.89:
<br />Pump Station #C15367o.:
<br />Design & Construction (this contract)
<br />, Total Appropriated Amount:
<br />
<br />62,500.
<br />'- 40.0.,0.0.0.
<br />1.537,500
<br />$ 8,0.0.0.,0.0.0.
<br />
<br />LOAN CONTRACT
<br />
<br />,
<br />
<br />THIS CONTRACT, made this .3 J day of '--'J'l\(Mf ~ 1995, by and between the
<br />State of Colorado for the use and benefit of the Department of atural Resources, Colorado Water
<br />Conservation Board (CWCB), hereinafter referred to as the STATE, and UTE WATER CONSERVANCY
<br />DISTRICT, hereinafter referred to as the District, and UTE WATER ACTIVITY ENTERPRISE, P.O. Box 460,
<br />Grand Junction, CO 81502-0460, hereinafter referred to as the BORROWER andlor CONTRACTOR.
<br />
<br />RECITALS
<br />
<br />1. Authority exists in the law, and funds have been budgeted, appropriated and othe~wise made
<br />available and a sufficient unencumbered balance thereof remains available for payment in Fund Number
<br />424, Organization YYYY, Appropriation 419, Program WTRC, Object Code 5120, Contract Encumbrance
<br />Number C/ ') '3 ~ 7c. ; and
<br />
<br />2. Required approval, clearance, and coordination have been accomplished from and with appropriate
<br />agencies; and
<br />
<br />3. Pursuant to the provisions of Sections 37-60-119 and 37-60-120 15 CRS (19901 the STATE is
<br />authorized to loan money for the construction of water projects for the benefit of the people of the ST ATE
<br />provided that the BORROWER assures repayment of that money; and
<br />
<br />4. Ute Water ConseNancy District is a water conseNancy district in the State of Colorado created
<br />and operated pursuant to Article 45, Title 37, CRS; and
<br />
<br />5. The Ute Water Activity Enterprise was established pursuant to ~37-45. 1-103, CRS, by Resolution
<br />#UW-94-04, dated September 14, 1994, by the Board of Directors of the Ute Water ConseNancy District,
<br />and is attached hereto as Appendix A and made a part hereof. The purpose for the creation of the Ute
<br />Water Activity Enterprise was to pursue, continue, and conduct all of the water activities of the Ute Water
<br />ConseNancy District including without limitation operating, maintaining, repairing and replacing, and
<br />conducting all water activities related to the PROJECT; and
<br />
<br />6. The DISTRICT has applied to the STATE for a loan in the total amount of $B,OOO,OOOto be advanced
<br />in phases. This phase of the loan shall be for the design and construction of the Plateau Creek pipeline,
<br />hereinafter referred to as the PROJECT, initially investigated in the feasibility report (Feasibility Report
<br />Contract, #C153489, April 1, 1987, and Feasibility Report, October 1, 1987) conducted by Western
<br />Engineers, Inc., of Grand Junction, estimated to cost $16,775,000, and wherein the PROJECT was
<br />determined to be technically and financially feasible; and
<br />
<br />...
<br />
<br />UTE WATER CONSERVANCY DISTRICT
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<br />LOAN CONTRACT
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