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KUTAKROCK <br /> Kutak Rock LLP <br /> 1801 California Street,Suite 3000,Denver,CO 80202-2652 <br /> office 303.297.2400 <br /> Thomas M.Peitz <br /> 303.292.7807 <br /> thomas.peltz@kutakrock.com <br /> September 4, 2018 <br /> Colorado Water Conservation Board <br /> Department of Natural Resources <br /> 1313 Sherman Street, Room 721 <br /> Denver, Colorado 80203 <br /> Re: Loan Contract Numbers CMS 112428 CT2019-2250 for the Roxborough Water <br /> and Sanitation District <br /> To Whom It May Concern: <br /> We have been engaged by the Board of Directors (the "Board") of Roxborough Water and <br /> Sanitation District, in Douglas and Jefferson Counties, Colorado (the "District") for the sole <br /> purpose providing the bond counsel opinion required by the State of Colorado Department of <br /> Natural Resources Water Conservation Board("CWCB")in paragraph 13 of the above-referenced <br /> Loan Contract (the "Loan Contract"). <br /> The execution by the District of the Loan Contract, including the documents attached <br /> thereto, was approved pursuant to authorizing Resolution No. 18-08-11 passed and adopted on by <br /> the Board on August 15, 2018 (the "Loan Resolution"). <br /> We have examined the constitution and the laws of the State of Colorado (the"State")and <br /> 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 District who <br /> are duly elected or appointed and are authorized to execute the Loan Contract and to bind <br /> the District; <br /> 4841-3603-5441.1 <br />