C150354 AOL Ammendment

• Contract/PO #: C150354
• Contractor Name: Grand Mesa Water Conservancy District
• Contract Type: Loan
• Loan Projects - Doc Type: Contract Documents

CLAY and DODSON,P.C.
415 Palmer St.
P.O. Box 38
Delta CO 81416
[phone]
[phone] fax
[e-mail]
June 8, 2017
Colorado Water Conservation Board
Denver CO
Re: Grand Mesa Water Conservancy District
Amendment to Loan Contract No. CMS 59744 amending C 150354
Ladies and Gentlemen:
As counsel for Grand Mesa Water Conservancy District (the "District"), I have examined
the Loan Contract made June 4, 2017, (the "Agreement") in the amount of$303,000.00 and such
other documents, instruments and records as I have considered relevant. Based upon such
examination, and such research and investigation as I have deemed necessary, I am of the
opinion that:
1. The District is a political subdivision of the State of Colorado duly organized and
existing under the provisions of the Constitution and the State of Colorado.
2. The District duly adopted a Resolution on June 4, 2017, authorizing the District to
enter into the Loan Agreement, and, since its adoption, the Resolution has not been rescinded or
modified in any respect.
3. The Loan Agreement and all terms and provisions thereof are authorized by the
Constitution, laws and regulations of the State of Colorado, and the District has the power and
authority to enter into the transactions contemplated by the Loan Agreement and to carry out its
obligations thereunder.
4. The Loan Agreement have been duly authorized, executed and delivered by the
District in accordance with all applicable laws, rules, regulations and policies.
5. Execution of the Loan Agreement documents will not violate any law, agreement, or
restriction by which the District is bound; except that I express no opinion as to the effect of
TABOR on this loan.
Sincerely,
Aaron R. Clay