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<br />-) <br /> <br />6. The District is authorized to repay the loan under the Loan Contract and Promissory Note to <br />the eWCB. <br /> <br />7. The District is authorized to pledge revenues from taxes and assessments levied for that <br />purpose and from the sale of water and power for repayment of the ewcs Loan and to execute a <br />Security Agreement to convey a security interest in said revenues to the CWCS. Said pledge of <br />revenues shalt create a lien in favor the ewes on said revenues which shall be on a parity with the <br />.- - ... - - - - - . lien m. the-Di$trWt'.$-General- Obli98tion.fbimited--"F~x~-Wate"-Gonserv8ncy-Refunding-Bo"ds, .Series----- <br />1993. <br /> <br />8. The District is authorized to levy and collect taxes and assessments and to establish and <br />collect rates and charges for the sale of water and power in amounts sufficient to repay the ewes <br />......., <br />loan. and to establish an account separate and apart from other District revenu~s into which it shall <br />set aside revenues from said taxes and assessments-and from the sale of water and power in an <br />amount sufficient to pay each annual installment due under the loan Contract. <br /> <br />9. The District is authorized to establish a debt service reserve fund by making an annual <br />-} .. depOSit equivalent to one-tenth (1/10) of an annual loan payment ($15.375.23) for the first ten <br />J years of the term of the loan, and to replenish said fund anytime it is depleted. <br /> <br />10. The District is authorized to establish a certifi of deposit aecoum In the amount of <br />$150.000 to be held in the office of the Colorad reasurer as security for the loan, to <br />replenish such account within sixtY days ~ wal ~ th~ CWeB, and to execute an <br />Assignment of Certificate of Deposit to co secu . nt~ in said cenificate of .deposlt <br />account to the CWCS. . <br /> <br /> <br />.. <br /> <br />RESOLVED this 16th day of July, 1997. <br /> <br />UPPER YAMPA WATER CONSERVANCY <br />DISTRICf <br /> <br />By: <br /> <br /> <br />o <br /> <br />By: <br /> <br />