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KUTAK ROCK LLP ATLANTA <br /> CHICAGO <br /> SUITE 3000 FAYETTEVILLE <br /> 1801 CALIFORNIA STREET IRVINE <br /> KANSAS CITY <br /> DENVER, COLORADO 80202-2626 LITTLE ROCK <br /> LOS ANGELES <br /> 303-297-2400 MINNEAPOLIS <br /> FACSIMILE 303-292-7799 OKLAHOMA CITY <br /> OMAHA <br /> www.kutakrock.com PHILADELPHIA <br /> RICHMOND <br /> SCOTTSDALE <br /> WASHINGTON <br /> November 18, 2013 WICHITA <br /> Church Ditch Water Authority <br /> Northglenn, Colorado <br /> Colorado Water Conservation Board <br /> Denver, Colorado <br /> Re: Loan Contract C150377 for Church Ditch Water Authority <br /> Ladies and Gentlemen: <br /> We have been engaged by the Board of Directors (the "Board") of the Church Ditch <br /> Water Authority (the "Authority") for the sole purpose of providing the bond counsel opinion <br /> required by the State of Colorado Department of Natural Resources Water Conservation Board <br /> ("CWCB") in provision A(7) of that certain Loan Contract No. C150377 and dated as of <br /> November 18th, 2013 (the "Loan Contract"). <br /> The execution by the Authority of the Loan Contract, including the documents attached <br /> thereto as appendices, was approved pursuant to an authorizing emergency resolution adopted by <br /> the Board on November 18, 2013 (the"Loan Resolution"). <br /> We have examined the constitution and the laws of the State of Colorado (the "State") <br /> and such certified proceedings, certificates, documents, opinions and other papers as we deem <br /> necessary to render this opinion. As to questions of fact material to our opinion, we have relied <br /> upon the certified proceedings and other certifications of public officials furnished to us without <br /> undertaking to verify the same by independent investigation. We have assumed the due <br /> authorization, execution and delivery of the Loan Contract by, and the enforceability of the Loan <br /> Contract against, the CWCB. <br /> Based upon the foregoing, we are of the opinion, under existing law and as of the date <br /> hereof,that: <br /> (a) the Loan Contract has been duly executed by officers of the Authority who <br /> are duly elected or appointed and are authorized to execute the Loan Contract and to bind <br /> the Authority; <br /> (b) the Loan Resolution authorizing the execution and delivery of the Loan <br /> Contract was duly adopted by the Board, as governing body of the Authority; <br /> 4833-0113-1031.1 <br />