|
<br />
<br />meaning of ~ 37-45,1-102, C,R,S., and as an "enterprise" within the meaning of Article X,
<br />Section 20, Colorado Constitution, Specifically, but not by way of limitation, for calendar year
<br />2004 and for such calendar years thereafter as shall be determined in the discretion of the Board
<br />of Trustees, the Enterprise is not authorized, and shall not, receive 10% or more of its annual
<br />revenue in grants from all Colorado state and local governments combined,
<br />
<br />Section 4. Issuance of Bonds, The Enterprise is authorized to issue bonds, notes, or
<br />other obligations payable from the revenues derived or to be derived from the System, in
<br />accordance with the Water Activity Law,
<br />
<br />. Section 5. Ratification and Approval of Prior Actions. All actions heretofore taken by
<br />the officers of the Town and the members of the Board of Trustees, not inconsistent with the
<br />provisions of this .ordinance, relating to the operation or creation of the Enterprise, are hereby'
<br />ratified, approved, and confirmed,
<br />
<br />Section 6. Repealer, All orders, bylaws, ordinances, and resolutions of the Town, or
<br />parts thereof, inconsistent or in conflict with this Ordinance, are hereby repealed to the extent
<br />only of such inconsistency or conflict. .
<br />
<br />Section 7. Headings. The headings to the various sections and paragraphs to this'
<br />Ordinance have been inserted solely for the convenience of the reader, are not a part of this
<br />Ordinance, and shall not be used in any manner to interpret this Ordinance.
<br />
<br />Section 8. Severability. It is hereby expressly declared that all provisions hereof and
<br />their application are intended to be and are severable, In order to implement such intent, if any
<br />provision hereof or the application thereof is determined by a court or administrative body to be
<br />invalid or unenforceable, in whole or in part, such determination shall not affect, impair or
<br />invalidate any other provision hereof or the application of the provision in question to any. other
<br />situation; and if any provision hereof or the application thereof is determined by a court or
<br />administrative body to be valid or enforceable , only if its application is limited, its application
<br />shall be limited as required to most fully implement its purpose,
<br />
<br />SectiQn 9. Emergency Declaration; Effective Date. The Board desires to commence the
<br />construction of necessary improvements to supplement the existing System as soon as possible,
<br />which activities cannot occur without passage of this Ordinance, The use of an emergency
<br />provision in this Ordinance will enable the Town to complete the financings which must occur
<br />prior to such construction activities; therefore, it is hereby declared that an emergency exists, that
<br />this Ordinance is necessary for the immediate preservation of the public peace, and that this
<br />Ordinance shall be in full force and effect immediately after passage, as provided by law,
<br />
<br />INTRODUCED, READ AND FINALLY ADOPTED on the 21st day of July 2004, in
<br />accordance with the Constitution and laws of the State of Colorado,
<br />
<br />[SEAL]
<br />
<br />Town ofKremmling, Colorado
<br />
<br />Attest:
<br />
<br />By#7~
<br />
<br />BY~1~1Jf1 ~ &M/
<br />Town Clerk
<br />
<br />02-178080.2
<br />
<br />2
<br />
<br />
|