C150160 Contract

• Contract/PO #: C150160
• Contractor Name: Central Colorado Water Conservancy District
• Contract Type: Loan
• Water District: 0
• County: Adams
• County: Morgan
• County: Weld
• Loan Projects - Doc Type: Contract Documents

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NOTICE OF ELECTION TO INCREASE TAXES AND TO INCREASE DEBT ON A
REFERRED MEASURE

Election date: November 5, 2002

Election hours: 7:00 A.M. to 7:00 P.M.

Local election. office address and {'hone number: Central Colorado Water Conservancy District,
3209 West 28th St., Greeley, CO 80634, [phone].

Ballot title and text:

SHALL THE GROUND WATER MANAGEMENT SUBDISTRICT OF THE CENTRAL
COLORADO WATER CONSERVANCY DISTRICT DEBT BE INCREASED UP TO
$20,000,000, WITH A MAXIMUM REPAYMENT COST OF UP TO $39,563,800, AND
SHALL SUBDISTRICT TAXES BE INCREASED UP TO $1,620,000 ANNUALLY FOR THE
PURPOSES OF FINANCING:

. THE PURCHASE OR LEASE OF WATER RIGHTS;

. THE CONSTRUCTION AND IMPROVEMENT OF WATER STORAGE
RESERVOIRS FOR STORAGE, DROUGHT MITIGATION, WATER
CONSERVATION, OPEN SPACE AND RECREATIONAL PURPOSES; AND

. VI ATER RECHARGE FACILITIES FOR AUGMENTATION PURPOSES

SUCH DEBT TO CONSIST OF THE ISSUANCE AND PAYMENT OF LIMITED TAX
GENERAL OBLIGATION BONDS, WHICH BONDS SHALL BEAR INTEREST AT A
MAXIMUM NET EFFECTIVE INTEREST RATE NOT TO EXCEED 6.0% PER ANNUM
AND SHALL BE DATED AND SOLD AT SUCH TIME OR TIMES, AT SUCH PRICES (AT,
ABOVE OR BELOW PAR) AND IN SUCH MANNER AND CONTAINING SUCH TERMS,
NOT INCONSISTENT HEREWITH, AS THE BOARD OF DIRECTORS MAY DETERMINE;
SHALL (I) AD VALOREM PROPERTY TAXES BE LEVIED IN ANY YEAR AT A
LIMITED MILL LEVY RATE NOT TO EXCEED 6 MILLS, EXCEPT AS PERMITTED IN
SECTION 37-45-126 OF THE COLORADO REVISED STATUTES, AND IN SUCH
AMOUNTS AS SET FORTH ABOVE AND (II) THE SUBDISTRICT BE AUTHORIZED TO
ENCUMBER AND PLEDGE ANY OTHER REVENUES OF THE SUBDISTRICT TO BE
USED TO PAY THE PRINCIPAL OF AND INTEREST ON SUCH BONDS AS THE SAME
BECOME DUE; AND SHALL ANY INVESTMENT EARNINGS (REGARDLESS OF
AMOUNT) FROM SUCH TAX REVENUES AND FROM THE PROCEEDS OF SUCH

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