Laserfiche WebLink
<br />"Rf!/UndhJg Projecr means tlm refuntUDg of tbe 2003 Bonds and ID.J other pmpose <br />penmtted under the Public Seovrlties Re:fimding ADt, including, but not limited to, the payment <br />of the costs of ilJsuance of the CWCB LoBllS and the refunding, paying and disoharginB. of the <br />2003 Bond Requirements. <br />"haolutto1l" mean& fbis Resolution. including my amendments or suppl~ hereto. <br />5"Spec/QI M8e.rsmenl8" means the special assessments levi~ and collected by <<he District <br />for .ma.in.tafning and operating tb.o SysteD1 and for paying the obligations of ihe District lor <br />special be.nefilB accruing to property wi1h!u the municipalities for which use of wafer is aUocated <br />as provided in Sectton 123 ot the Water Conservancy Acl; fur special benefits accndng to <br />property within pubUc corporations for whj~ use of water is allooated as provided m <br />Section 124 of the WatEr Couservancy Aot, and tot special benefits occrufngto land 1i)r which <br />use of water is aIlQt;J.ted as pfO\':Ided in Section 12S of the Water Conservancy Act, or sny <br />combblation of such assessments as tho Board may cJetenoi"e. from time to ~ which <br />assessments for special benefits are respectively designated in d:ae Watm; Conservancy Act as <br />~ 1r assessments, as "Class Ct' assessments and as "Class IY assessments. respective~. <br />"SirJtttt means the Stato of Colorado. <br />"Supplfl7JJe1Jttl1 Ad' tnMhS Part 2 or Arliclc 57 otntte ll~ Colorado R.rmscd Statutes, es <br />An\ended. <br /> <br />~~.. means all of the DisUict's wateJ:" faclJities and propcrti~ now owned 01' <br />hereafter ~ whetbel' situated within or without 1ho District boundaries,. inclu.d:Ing aD <br />present or future ial~, ex;tQsions, ea1arge.tnen1S,bctterments, rep1aemumfJ or <br />additions then:of or tbem1o. <br /> <br />61.2003 Bo1Jtl Reguiremenb" means the principal ud interest due in Q011!lecUon with I1Cl <br />2003 Bonds, at maturity or upon prior redemp1:io.o. as set fbrth in th&!l Escrow A~ <br /> <br />"2ooJ Bond R.esoluttr>>r means tho l'eSOlution adopted by the Boanl. on or about .Aprfl4. <br />2003, which provided tor tb" issuance of the 2003 Bonds. <br /> <br />"Water Cons~CJI Acf' means Artic1c4S of Title 37, Co1orac1o Revised Sf3tntes, as <br />amended. <br /> <br />SecUOD 2. AuthorlzatloD and....J:pose 01 CWCB Loan. Pursuant to end in accorda.:ot:e <br />with the Acts and tbe Ballot Question. the Board hereby authorizes and. directs that the Pisbict <br />endeavor to secure a follow..'Up loan from the State of Colorado. acting for the use and beneiit of <br />the Department ofNatu:n\l Resources. Colorado Wmr Conservation Board, in the prlncipaJ <br />amount up to $S,Ooo,Ooo. at a tate of int<<est of 2.50% per ~ fOr a. tan! of 30 years. The <br />~eeds of 1he CWCB Loans shall be used in an ag,grepto origins! principal amount not to <br />exceed $10,000,000 for the purpose of providing funds :tbr tho Project and in an amount not to <br />exceed $10.000,000 fur the plJJ:pOSe ofprovidiDg:fi:o:1ds for the Refunding Project <br /> <br />02-17641J. t <br /> <br />4 <br />