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<br />tl1.~.:.f7.j.99 FRI 10: 07 AM <br /> <br />. Fax: ~038663558 <br />LVLD '4IIJR L POWER <br /> <br />Dee 22 '99 <br />FAX NO, 97096_0 <br /> <br />15:43 <br /> <br />P.02 <br />P. 2 <br /> <br />FIJ.ST RE.~ING -L.J u Iv p. 20. t 999 <br /> <br />S~COND kBADING Auaus t O~. 1'''_ <br /> <br />OllDINANCE 44Sf <br />AN PRDtNANCBRATIPYING THE ESTABLISHMENT OF THE <br />CITY OF LOVBLANJ>. COLORADO, WATER BNIERPRISE <br />AND AUIH01UZINO THE ENTBlPlUSE. 'TO llA VB AND <br />BXBRCISE CERTAIN POWERS IN FURTHERANCE OF ITS <br />PURPOSES. <br /> <br />WHEREAS. the City ofLo...eland, Colotado (tbe 'City'). is IUthon-d by part 1 of <br />arricle 45.1 ottilIe ;7, Colorado Re\l1led Stllutcs. as lDnetlded (the "Act"), to establish ar CODti.nu; <br />to maintaiu water aelivity eatclprisea (as defirl,e4 in the Act), for the pmpose or pursuing or <br />continuing watK .~tivitiu>> iDtluding water acquiliuon or water projeet or facility a~tiYities; and <br /> <br />WHEREAS. the Act aJ50 provides that water activity enterprises established or <br />maintained pursuant to the A~l ore excluded. from tho PtQvisiO%lS of art. X, t 20 af thI ColoradO <br />Constit\ltion; and. <br /> <br />WIIE.REAS, tl1s City Council (the 'Cawtc;U, has heretofore aiopted RceolutioD '#R- <br />'3.93 determining dW the Cjty'. walet activity is an .eote'priso' afm.: City within the meaniDg of <br />ar1. X. f 20 Df~e Color2do ConstiN.[ion; and <br /> <br />VlHBREAS. the Council dairezlo ratify the establisbm;nt ofllle City of LovBb4d, <br />ColoraOO, Water Enterprise (me IIBnrerprise") aud.lo authorize 1he Enterprile to have and ~ercise <br />~ertain powers 1n fQnhetaftte of its P\U'pos=,. <br /> <br />NOW, TH.EREFOlE, B:B IT ORDAlNEDBynm CI1Y COUNcn. OF THE CllY <br />OF LOVELAND: <br /> <br />Seccion 1, &ta.bl;~"Wf!l\t. The establishment of the Entaprise is hereby ratified, <br />approved and CDnMn.ed- <br /> <br />Sedion2. Y{ll.tlll' Acti.~tiet. The Enterprise may c:onduet one or motC~ IdiYitia <br />as may be determined by the govemitlS body of the Enterprise, inchlding, but not limited 10. the <br />diversion. storage, ~amage, delivery, di51ributioa. collection. treaunent. use, reuse. anplentatitm. <br />excbange or di~bsrge of water, the provision of wholesale or retail water and tho GClaisition of <br />water or water rights ("Water Activitie.sR). <br /> <br />Section 3. ~tlI B()~. The COWlc;it shall serve IS me governing body of the <br />Eftu:rprise, ana the officers of the Council end of the City shaU.ecve IS offictJtl of the AOYerIling <br />