I have a CL430 & the Warco version of the CL500. (Just establishing a credential)
On the motor spindle in the belt box, there are 4 grooves on the pulley, put the belt on the smallest one nearest the motor, it's hidden behind the biggest pulley groove and almost rubs on the back of the belt box. Then the other end of that belt goes parallel to the box onto the biggest groove in the middle pulley. Then on the middle pulley put a second belt on the next biggest groove. The lathe spindle end of that belt, goes onto the smallest goove of the lathe spindle pulley.
If it's all too tight to fit the lathe belt, there is a motor position adjuster between the motor and the lathe bed.
Hope that helps,
Richard.