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

Election date: November 5, 2002

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

Local election office address and phone number: Central Colorado Water Conservancy District, .
3209 West 28th S1., 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 SUBDISTIUCT 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 .WA'mRSTORAGE
RESERVOms FOR STORAGE, DROUGHT.. MITIGATION, WATER
CONSERV AnON, OPEN SPACE AND RECREATIONAL P~0$f;S; AND

. WATER RECHARGE FACILITIES FOR AUG~NTAnON P:tJRpOSES

"\ " :'" . .." ,," ;. '.. \;' '.' . '-;'," I ~

SUCH DEBT TO CONSIST OF THE ISSUANCE'~. PA~NTOFLIMimD TAX
GENERAL OBLIGATION BONDS, WInCH BONDS SHALL BEAR. ~ST AT A
MAXIMUM NET EFFECTIVE INTEREST RATE NOT TO EXCEEI) 6.0% PER ANNUM
AND SHALL BE DATED AND SOLDAT~UCH 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 DJJ.WCTORS MAY IJETERMINE;
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 8UBDISTRlCT.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 FROMTHE"PROCEEDS OF SUCH

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