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<br />10/30/2002 11:45 970-330-4545 <br /> <br />CCWCD <br /> <br />PAGE 03 <br /> <br />. THE CONSTRUCTION AND IMPROVEMENT OF WATE STORAGE <br />RESERVOIRS FOR STORAGE, DROUGHT MITIGATI N, WATER <br />CONSERVATION, OPEN SPACE AND RECREATIONAL PURPO ES; AND <br />. WATER RECHARGE FACILITIES FOR AUGMENTATION PURP SES <br />SUCH DEBT TO CONSIST OF THE ISSUANCE AND PAYMENT OF LIMITED TAX <br />GENERAL OBLIGATION BONDS, WHICH BONDS SHALL BEAR IN EREST AT A <br />MAXIMUM NET EFFECTIVE INTEREST RATE NOT TO EXCEED 6.00;; PER ANNUM <br />AND SHALL BE DATED AND SOLD AT SUCH TIME OR TIMES, AT UCH PRICES <br />(AT, ABOVE OR BELOW PAR) AND IN SUCH MANNER AND CONTINING SUCH <br />TERMS, NOT INCONSISTENT HEREWITH, AS THE BOARD OF DIR' CTORS MAY <br />DETERMINE; SHALL (I) AD VALOREM PROPERTY TAXES BE L VIED IN ANY <br />YEAR AT A LIMITED MILL LEVY RATE NOT TO EXCEED 6 MILL , EXCEPT AS <br />PERMITTED IN SECTION 37-45-126 OF THE COLORADO REVISE STATUTES, <br />AND IN SUCH AMOUNTS AS SET FORTH ABOVE AND (II) THE SU DISTRICT BE <br />AUTHORIZED TO ENCUMBER AND PLEDGE ANY OTHER REVE UES OF THE <br />SUBDISTRICT TO BE USED TO PAY THE PRINCIPAL OF AND INTER ST ON SUCH <br />BONDS AS THE SAME BECOME DUE; AND SHALL ANY INVESTME T EARNINGS <br />{REGARDLESS OF AMOUNT} FROM SUCH TAX REVENUES AN FROM THE <br />PROCEEDS OF SUCH BONDS CONSTITUTE A VOTER-APPROVED REVENUE <br />CHANGE WITHIN THE MEANING OF ARTICLE X, SECTION 20 OF T E COLORADO <br />CONSTITUTION? <br /> <br />The Designated Election Officer of the Ground Water Manageme t Subdistrict of <br />the Central Colorado Water Conservancy District has caused this Notic to be given as <br />required by law this 4th day of October, 2002. <br /> <br />C:\DOCUME-l\TOM\LOCAlS-1\Ternp\Posted Notice Weld 020925.ctoc <br />