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C150152 Contract
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C150152 Contract
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Last modified
8/10/2011 9:57:55 AM
Creation date
2/6/2007 2:44:50 PM
Metadata
Fields
Template:
Loan Projects
Contract/PO #
C150152
Contractor Name
New Castle, Town of
Contract Type
Loan
Water District
39
County
Garfield
Loan Projects - Doc Type
Contract Documents
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<br />.' <br /> <br />Town of New Castle, Colorado <br />Water and Sewer Enterprise <br />Ordinance No. 2004-E-l <br />Page 2 of 2 <br /> <br />2. The forms of the Loan Contract and the Loan Documents, and any <br />changes thereto as may be necessary in the opinion of the attorney for the <br />Enterprise to effectuate the intentions of the parties or to comply with the <br />provisions of applicable law, are hereby approved. <br /> <br />3. The President and the Secretary of the Enterprise are hereby <br />authorized and directed to execute and deliver the Loan Contract and the Loan <br />Documents to the CWCS. <br /> <br />4. The Enterprise is authorized to'.'. repay the loan under the Loan <br />Contract to CWCB. The obligation for repayment of the Loan evidenced by the Loan <br />Contract shall be secured solely with water system revenues of the Enterprise to be <br />derived from the provision of services, which oblfgation shall have parity with the <br />existing pledge of said revenue pursuant to that certain Loan contract executed in <br />1999 between the Enterprise and the Colorado Water Resources and Power <br />Development Authority in the amount of $917,076. <br /> <br />5. All action not Inconsistent with the provisions of this Ordinance <br />heretofore taken by the Enterprise or its officers and otherwise directed toward the <br />execution and delivery of the Loan Contract and the Loan Documents is hereby <br />ratified, approved and confirmed. <br /> <br />INTRODUCED on May 18, 2004, at which time copies were available to the <br />Boar:d of the Enterprise and to those persons in attendance at the meeting, read by <br />title, passed on first reading, and ordered published in full and posted in at least <br />two public places within the Town as required by the Charter. <br /> <br />INTRODUCED a second time at a meeting of the Water & Sewer Enterprise of <br />the Town of New Castle, Colorado, on June 1, 2004, read by title and number, <br />passed without amendment, approved, and ordered published as required by the <br />Charter. <br /> <br /> <br /> <br />TOWN OF NEW CASTLE, COLORADO <br />WATER & SEWER ENTERPRISE <br /> <br />--JS;ffi ./tl&t <br /> <br />T:\Onlinanccs\walersewcr\2004cO I <br /> <br />
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