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BORROWER: U.S. DEPARTMENT OF ENERGY Agency Name: Colorado Water Conservation WESTERN AREA POWER ADMINISTRATION Board Contract No. C150064 Agency Number PDA Loan Amount $5,500,000 Routing Number 03 PDA 00 � LOAN CONTRACT THIS CONTRACT made this 27�' day of September 2002 by and between the State of Colorado for the use and benefit of the Department of Natural Resources, Colorado Water Conservation Board ("CWCB" and/or the " STATE "), and the U.S. Department of Energy Western Area Power Administration, a Federal agency, P.O. Box 11606, Salt Lake City, UT 84147-1534 (" BORROWER " and/or " CONTRACTOR "). FACTUAL RECITALS Authority exists in the law, and funds have been budgeted, appropriated and otherwise made available and a sufficient unencumbered balance thereof remains available for payment as follows: Fund Number 489, Organization YYYY, Appropriation Code 010, GBL W064, Program WTRC, Object Code 5570, Reporting Category 0064, Contract Encumbrance No. C150064. 2. Required approval, clearance, and coordination have been accomplished from and with appropriate agencies. 3. CWCB's authority for making this loan: Colorado River Recoverv Loan Account. Pursuant to the provisions of section 37-60-122.9, C.R.S. (2001), the CWCB is authorized to make loans to the Colorado River and San Juan River Recovery Programs for the construction or improvement of certain water related projects in Colorado under agreements with power users of the Federal Colorado River Storage Project, required to recover the four endangered fish species of the upper Colorado River, including the San Juan River. 4. The Borrower applied for a loan to cover costs of capital projects of the Upper Colorado and San Juan River Basins Recovery Implementation Program under Public Law No. 106-392, including planning, design, permitting or other compliance, pre-construction activities, construction, construction management, and replacement of facilities, and the acquisition of interests in land or water, as necessary to carry out the Recovery Implementation Programs (" PROJECT "). 5. At its January 2001 meeting, the CWCB approved a loan to the BoRROwER in an amount up to five million five hundred thousand dollars ($5,500,000) at an interest rate of four and one-half percent (4.5%) per annum for a repayment term of thirty (30) years, which repayment term shall commence in 2012. 6. Pursuant to S.B. 01-157, Section 20, the Colorado General Assembly authorized CWCB t0 IOall t0 th2 BORROWER atl a17tOU11t Up t0 $5,500,000 ("AUTHORIZED LOAN AMOUNT" for the PROJECT 7. Section 3(c)(3) of Public Law No. 106-392,114 Stat.1604 (1999) authorizes the BORROWER t0 accept this loan from the CWCB and to repay this loan from power Page 1 of 8 Loan Contract