LPPD000397

• Contract/PO #: C153702
• Contractor Name: Silt, Town of
• Contract Type: Loan
• Water District: 39
• County: Garfield
• Bill Number: HB 95-1155
• Loan Projects - Doc Type: Contract Documents

TOWN OF SILT, COLORADO
1994 BALLOT QUESTIONS CERTIFICATION

SHALL THE TOWN OF SILT BE GRANTED AUTHORITY TO ACCEPT GRANTS FROM
THE ENERGY IMPACT ASSISThNCE FUND OF THE STATE OF COLORADO IN THE
PRINCIPAL AMOUNT NOT TO EXCEED $175,000.00; AND FROM THE WATER
CONSERVATION DEPARTMENT OF THE STATE OF COLORADO IN THE AMOUNT NOT
TO EXCEED $100,000.00 FOR THE CONSTRUCTION OF AN UNDERGROUND, LOW-
PRESSURE IRRIGATION SYSTEM.

SHALL THE TOWN OF SILT DEBT BE INCREASED BY UP TO $400,000.00 WITH
A REPAYMENT COST OF UP. TO $1,057,000.00, BY THE ISSUANCE OF GENERAL
OBLIGATION BONDS FOR THE INSTALLATION AND CONSTRUCTION OF
SUPPORTING FACILITIES FOR AN UNDERGROUND, LOW-PRESSURE IRRIGATION
SYSTEM, SAID BONDS TO BE PAID FROM ALL FUNDS AVAILABLE TO THE TOWN,
BUT NOT FROM PROPERTY TAX INCREASE; TO MATURE NO LATER THAN THIRTY
(3.0) YEARS FROM THE DATE OF ISSUE, TO BEAR INTEREST. AT RATES NOT TO
EXCEED EIGHT PERCENT (8%) PER ANNUM, AND TO HAVE SUCH OTHER TERMS,
CONDITIONS, COVENANTS AND DETAILS AS THE TOWN COUNCIL MAY
DETERMINE, INCLUDING THE OPTION TO REDEMPTION OF THE BONDS PRIOR TO
MATURITY WITH OR WITHOUT THE PAYMENT OF. A PREMI~; AND, IN
CONNECTION THEREWITH SHALL THE TOWN BE AUTHORIZED TO RECEIVE AND
SPEND THE PROCEEDS OF SAID BONDS NOTWITHSTANDING ANY REVENUE OR
EXPENDITURE LIMITATIONS UNDER ARTICLE X, SECTION 20 OF THE COLORADO
CONSTITUTION OR ANY OTHER LAW?

STATE OF COLORADO }
)
COUNTY OF GARFIELD ) SS.
)
TOWN OF SILT )

"PAID
IN FU. I~

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CERTIFICATE

I, Charlene Springsteel, Town Clerk and designated
Election Official for the Town of Silt, Colorado, do hereby certify
that the above ballot questions, approved by the Town of Silt Board
of Trustees, is a true and correct copy of the questions to be
placed on the November 8, 1994 ballot for voting by all qualified
electors in the Town of Silt.

cA. .I~l. WITNESS WHEREOF I hereunto set my hand and seal this
/ 2 ~ay: of. .JE'ot<:'h"k..... A.D. 1994.
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