My WebLink
|
Help
|
About
|
Sign Out
Home
Browse
Search
PROJ01943
CWCB
>
Loan Projects
>
DayForward
>
0001-1000
>
PROJ01943
Metadata
Thumbnails
Annotations
Entry Properties
Last modified
11/19/2009 11:43:34 AM
Creation date
7/2/2007 11:17:54 AM
Metadata
Fields
Template:
Loan Projects
Contract/PO #
C150010
Contractor Name
Columbine Ranches Property Owners Association
Contract Type
Loan
Water District
1
County
Adams
Bill Number
SB 99-173
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.
/
29
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 THE COLUMBINE RANCHES PROPERTY OWNERS ASSOCIATION <br /> <br />The Board of Directors of the Columbine Ranches Property Owners Association <br />(Association), at a meeting held February 20, 1999, at Commerce City, Colorado, adopted <br />the following resolutions concerning a loan in the amount of up to $305,250, not to exceed <br />75% of actual costs, from the State of Colorado Water Conservation Board (CWCB), for the <br />purpose of purchasing water rights for augmentation of the Associ~tion's irrigation well. <br /> <br />At said meeting, the Board charged that these resolutions are irrepealable during the <br />term of the loan and, pursuant to the Association's bylaws, authorized the President and <br />Secretary as follows. <br /> <br />1. RESOLVED, to enter into and comply with the terms of a contract with the Colorado Water <br />Conservation Board for a loan in the amount of up to $305,250, and <br /> <br />2. RESOLVED, 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 assessment <br />revenues and the Association's right to refte said revenues for repayment of the loan, and <br /> <br />3. RESOLVED, to Place, said Ple~dev~n"'JI?.ecial account separate and apart from <br />other Association revenues, an .... ~.u <br /> <br />4. RESOLVED, to make the annual p yrre'5J.Uired by the promissory note and to make <br />annual deposits to a debt service reserve fU~~j <br /> <br />5. RESQL VED, to pledge the water rights obtaine . ~ Association with the proceeds of the <br />loan as collateral for the loan and execute all doc ents necessary to convey a security <br />interest in said property to the CWCB, and <br /> <br />6. RESOLVED, to execute all documents as required by the loan contract, including, but not <br />limited to, a Security Agreement, Assignment Of Deposit Account As Security, and a <br />Promissory Note, and <br /> <br />7. RESOLVED, to take,such other actions and to execute such other documents as may be <br />necessary to consummate and implement the loan. <br /> <br />CERTIFICATION <br /> <br />THE UNDERSIGNED, THE PRESIDENT AND THE SECRETARY, RESPECTIVELY, HEREBY CERTIFY THAT THE <br />FOREGOING ARE TRUE AND CORRECT COPIES OF RESOLUTIONS DULY ADOPTED AT A MEETING OF THE <br />ASSOCIATION'S BOARD OF DIRECTORS DULY CALLED AND HELD AS ABOVE RECITED, PURSUANT TO THE <br />ASSOCIATION'S BYLAWS, AND THAT SAID RESOLUTIONS HAVE NOT BEEN AMENDE~ZINDED. <br /> <br />GIVEN UNDER OUR HANDS AND THE SEAL OF THE ASSOCIATION TH~ DAY OF Y 199 <br /> <br />(SEAL) <br /> <br /> <br /> <br />Appendix A to Loan Contract C15001 0 <br />
The URL can be used to link to this page
Your browser does not support the video tag.