My WebLink
|
Help
|
About
|
Sign Out
Home
Browse
Search
C150218 Contract
CWCB
>
Loan Projects
>
DayForward
>
0001-1000
>
C150218 Contract
Metadata
Thumbnails
Annotations
Entry Properties
Last modified
4/10/2015 4:37:18 PM
Creation date
6/28/2007 2:20:47 PM
Metadata
Fields
Template:
Loan Projects
Contract/PO #
C150218
Contractor Name
Hope Ditch Company
Contract Type
Loan
Water District
1
County
Adams
Loan Projects - Doc Type
Contract Documents
There are no annotations on this page.
Document management portal powered by Laserfiche WebLink 9 © 1998-2015
Laserfiche.
All rights reserved.
/
31
PDF
Print
Pages to print
Enter page numbers and/or page ranges separated by commas. For example, 1,3,5-12.
After downloading, print the document using a PDF reader (e.g. Adobe Reader).
Show annotations
View images
View plain text
<br />RESOLUTIONS OF THE BOARD OF DIRECTORS <br />OF HOPE DITCH COMPANY <br /> <br />lhe ~d of Diree;rs qf Hope Ditch Company (Company) at a meeting held <br />~fr,!;? , 2006, at r:jJfan ' Colorado, adopted the following ?,solutions <br />co cernmg a secured loan:& the State of Colorado Water ConservatIon Board <br />(CWCB) to replace an existing well for domestic water supply in the amount of$154,530 <br />or such actual amount, more or less, as may be needed by the Company and available <br />from the CWCB including the CWCB loan origination fee of 1 % of the loan amount. <br /> <br />At said meeting, the Board charged that these resolutions are irrepealable during <br />the term of the loan and, pursuant to the Company's bylaws, authorized the President and <br />Corporate Secretary, RESOL YED as follows: <br /> <br />1. to enter into and comply with the terms of the Colorado Water Conservation <br />Board for a loan in the amount of $154,530, or such actual amount, more or <br />less, as needed to finance the project costs, including the CWCB loan <br />origination fee of 1 %, and <br /> <br />2. to levy and collect assessments from the shareholders in an amount sufficient <br />to pay the annual amounts due under the Loan Contract, and to pledge <br />assessment revenues and the Company's right to receive said revenues for <br />repayment of the loan, and <br /> <br />3. to place said pledged revenues in a special account separate and apart from <br />other Company revenues, and <br /> <br />4. to make the annual payments required by the promissory note and to make <br />annual deposits to a debt service reserve fund, and <br /> <br />5. to pledge the replacement water well, the parcel of land containing the <br />replacement water well, and all related appurtenances, as collateral for the <br />loan and execute all documents, including a security agreement and deed of <br />trust, necessary to convey a security interest in said property to the CWCB, <br />and <br /> <br />6. to execute all documents as required by the loan contract, including, but not <br />limited to, a security agreement and a promissory note, and <br /> <br />7. to take such other actions and to execute such other documents as may be <br />necessary to consummate and implement the loan. <br /> <br />Appendix 3 to loan Contract C150218 <br />
The URL can be used to link to this page
Your browser does not support the video tag.