Colorado Water Conservation Board Awards Financial Services Contract to Two Rivers Farms F-2 Inc (July 2026)

The CWCB’s $1.2 million, 20‑year loan tied to Two Rivers Farms F-2, Inc. helped fund rehabilitation of the Orlando Reservoir dam and ditch headgate. After the 2023 payment default and issuance of a Revised Notice of Default, the balance of $534,472.45 was accelerated and Two Rivers Farms F-2, Inc. filed for bankruptcy protection on December 6, 2023.

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

Loan carried a 20‑year amortization at 2.5% with annual payments; upon uncured 2023 payment default, the Promissory Note triggered acceleration of all amounts due and a 7% default interest rate. The obligation is now being addressed through bankruptcy proceedings rather than renewal or extension.

Document type

StaffReport

Source document

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

Related contracts

Other contracts from Two Rivers Farms F-2 Inc.

View all →

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 Farms F-2 Inc 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 Farms F-2 Inc contract with Colorado Water Conservation Board worth?

The Two Rivers Farms F-2 Inc 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 Farms F-2 Inc hold?

Two Rivers Farms F-2 Inc may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

View Two Rivers Farms F-2 Inc's profile

What is Colorado Water Conservation Board currently buying?

Explore Colorado Water Conservation Board's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

View Colorado Water Conservation Board's profile