Colorado Water Conservation Board Awards Financial Services Contract to Two Rivers Water & Farming Company (July 2026)

The Colorado Water Conservation Board approved a $1.2 million, 20‑year loan to Two Rivers Water & Farming Company in November 2011 to rehabilitate the Orlando Reservoir dam and ditch headgate near Walsenburg. After multiple late payments and a missed March 1, 2023 installment, the loan went into default with $534,472.45 due as of December 6, 2023 and default interest accruing at 7%.

Scope & details

The full contract record, as filed.

Contract amount

$1,200,000 original principal; $534,472.45 total due as of 12/06/23 (principal $433,011.94, interest $97,660.17, late fee $3,800.34)

Contract type

FINANCIAL_SERVICES

Contract term

20 years at 2.5%, repayment began March 2013

Renewal date

2033-03-01

Renewal

Original loan term was 20 years at 2.5% interest with annual payments; upon failure to cure the 2023 delinquency within 30 days of the November 1, 2023 Revised Notice of Default, the entire outstanding principal, interest, and late fees were accelerated and the interest rate increased to 7% per the Promissory Note.

Document type

StaffReport

Source document

Colorado Water Conservation Board StaffReport Two Rivers Water & Farming Loan Delinquency 2026-07-15

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cwcb_board_meeting_report_on_loan_delinquency.pdf

AWARDED

Department of Natural Resources, Colorado$1,200,000Jul 19, 2023

Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by Colorado Water Conservation Board?

Two Rivers Water & Farming Company was awarded this financial services contract by Colorado Water Conservation Board, as recorded on July 12, 2026. The contract value is $1,200,000 original principal; $534,472.45 total due as of 12/06/23 (principal $433,011.94, interest $97,660.17, late fee $3,800.34).

How much is the Two Rivers Water & Farming Company contract with Colorado Water Conservation Board worth?

The Two Rivers Water & Farming Company contract with Colorado Water Conservation Board is valued at $1,200,000 original principal; $534,472.45 total due as of 12/06/23 (principal $433,011.94, interest $97,660.17, late fee $3,800.34), covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a staffreport record, structured as a not-to-exceed (ceiling) agreement.

Where was this contract approved?

This contract appears in Colorado Water Conservation Board StaffReport Two Rivers Water & Farming Loan Delinquency 2026-07-15 (StaffReport), dated July 12, 2026 from Colorado Water Conservation Board. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Two Rivers Water & Farming Company hold?

Two Rivers Water & Farming Company may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

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