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<br />EXW ".1. Q. <br /> <br />, '.,:c' <br />~. ~,l_ ''''''':0<: l <br />'i.',',\! \., '" .~- <br /> <br />RESOLUTION <br /> <br />A RESOLUTION TO AUTHORIZE THE WARRANTY DEED SECURITY INTEREST REQUIRED <br />BY THE STATE OF COLORADO TO SECURE STATE CONSTRUCTION FUNDS FOR <br />REPAIRS TO HANDY RESERVOIR DAM (AKA WELCH DAM) OUTLET WORKS. <br /> <br />Whereas, the Handy Ditch Company applied to the Colorado Water <br />Conservation Board for $310,000 in Colorado State construction loan <br />monies to fund the replacement of the No. 1 Outlet Works on the Handy <br />Reservoir Dam and <br /> <br />Whereas, the State now desires to loan said money for the <br />construction of said project upon mutually agreeable terms and <br />conditions, subject to the availability of funding for that purpose; <br /> <br />Whereas, at a special meeting on October 7, 1991 of shareholders <br />of the Company, the shareholders voted unanimously to accept the loan <br />from the Colorado Water Conservation Board and provide all necessary <br />security. <br /> <br />NOW, THEREFORE, be it resolved by the Board of Directors of the <br />Handy Ditch Company that they authorize and will execute a warranty <br />deed within thirty (30) days of the substantial completion of the <br />project that shall convey to the Stat ,an undivided fifty percent <br />(50%) of the Handy (Welch) Da~ 1) located in Section 9, T4N, <br />R69W of the 6th P.M. in Larim~ Colorado and all appurtenances <br />thereto, including the followi"!':!' '". "i\f <br /> <br />1. An outlet st~jp~r~~;GUi'bdes: <br />~\ ~_ t,.,,:{\ _~'-';" _ ~- <br />a. approxima-tely 350 lineal feet of 24" Ductile Iron <br />Outlet Pipe, <br /> <br />b. a 6 foot diameter Precast Concrete Valve Vault, and <br />a 24" Gate Valve; <br /> <br />2. Trash Racks with dimensions to be determined at time of <br />installation; <br /> <br />3. Upstream Outlet Box, Downstream Outlet Box, and Concrete <br />Cutof f Collars; <br /> <br />4. ApRroximately 16,500 cubic yards of embankment soils; <br /> <br />5. Approximately 350 cubic yards of Riprap; <br /> <br />6. 100 lineal feet of Concrete Lined Irrigation Ditch; and <br /> <br />7. A Staff Gauge and Toe-Drain Extension. <br /> <br />Introduced, Read, and Adopted by the Board of Directors of the <br />Handy Ditch Company this 13th day of November, 1991. <br /> <br />A~ <br />- " <br /> <br />( up, 1)(71 dtl/?LJrn, <br />. ; LauriH. Anderson <br />Secretary-Treasurer <br /> <br />~ ' <br />'/f-d----,- ~ 7l ~ <br />. John M.~ <br />President <br /> <br />EXHIBIT D <br />