PROJ01945 ‎(3)‎

• Contract/PO #: C150193
• Contractor Name: Dolores Water Conservancy District
• Contract Type: Loan
• Water District: 34
• County: Montezuma
• Loan Projects - Doc Type: Feasibility Study

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DOLORES WATER CONSERVANCY DISTRICT

RESOLUTION:

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RATIFICATION OF DOLORES WATER CONSERVANCY DISTRICT
WATER ACTIVITY ENTERPRISE FUND

WHEREAS, the Board of Directors of the Dolores Water Conservancy District (the
"District") hereby finds, determines, and declares that it is necessary and desirable to
ratify the District's establishment in 1992, during the budget process for fiscal year 1993,
of the Dolores Water Conservancy District Water Activity Enterprise Fund; and

WHEREAS, S.B. 93-130 (~37-45.1-101 et~, C.RS., enacted into law on
March 3D, 1993, clarifies the terms and conditions under which a water conservancy
district may establish a water activity enterprise fund.

NOW, THEREFORE, BE IT RESOLVED, that the Board of Directors of the District
hereby ratifies the establishment of Dolores Water Conservancy District - Water Activity
Enterprise, created for the purpose of pursuing and continuing water activities in
connection with the Dolores Project, including water acquisition and water project facility
activities, and the construction, operation, repair, and replacement of water facilities
related to providing water from and through the Dolores Project; and

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BE IT FURTHER RESOLVED, that, pursuant to and in accordance with Article 45.1
of Title 37, C.RS., the governing body of the Dolores Water Conservancy District - Water
Activity Enterprise is the Board of Directors of the Dolores Water Conservancy District;
and

BE IT FURTHER RESOLVED, that the Dolores Water Conservancy District Water
Activity Enterprise is entitled to exercise all powers, authority, rights, and responsibilities
which are exercisable by it in accordance with Article 45.1 of Title 37, C.RS., and other
applicable law; and

BE IT FURTHER RESOLVED, that all assets and liabilities of the Water Activity
Enterprise shall be accounted for in the Dolores Water Conservancy District - Water
Enterprise Fund; and

BE IT FURTHER RESOLVED, that the Board of Directors of the District ratifies the
authorization of the transfer of assets, liabilities and contractual rights to the Dolores
Water Conservancy District - Water Enterprise Fund in accordance with Article 45.1 of
Title 37, C.RS.; and

BE IT FURTHER RESOLVED, that, pursuant to ~ 37-45.1-106, C.R.S., revenues
which are assessed and collected by the District for services in connection with providing
water from the Dolores Project, including rates, fees, or charges for each class of service
under ~ 37-45-123, 124, 125, and 131, C.R.S., upon receipt by the District, shall be