Laserfiche WebLink
Ordinance 1990-3 <br /> <br />1 <br />ORDINANCE 1990-3 <br />;rue. Legal Copy <br />~ - ly'ic <br />City Cle~ <br />AN ORDINANCE OF THE CITY OF FRUITA, COLORADO, PROVIDING FOR <br />SALES TAX REVENUCS IU BE USE[ AS SECURITY TO PAY <br />OBL I GAZ I ONS DF THE C I TY I N FAVi1R OF TItE COLORAI,O WATER <br />CONSERVATION BOARD FO.R TH!E PURPOSE OF <br />PROVIDING CAPITAL If1PROVEMENTS <br />WHEREAS, pursuant to chapter 3.12 of the Fruita funicipal Code of <br />the City of Fruita, Colorado, the City of Fruita, C"the City"), <br />presently imposes a 2'a sales tax ^n the sale ^r purchase of <br />tangible personal property sold at retail. or the Furnishing of <br />services w~_thin thc~ Ci+.:y ; an~i <br />WHEREAS, the City receives a designated portion of f1esa County <br />sales tai: collections; and <br />WHEREAS, on the 1st day of flay, 19©2, the City entered into a <br />contract C "Contract ++C1533H~."') w~ th thE, Dt.~F~artm~~nt oC' PJatural <br />Resources, Colorado W~,te tion t3oard, (-or the purpose oF' <br />borrowing funds to coast ~ vem~:nt~~ on the City municipal <br />water system, C"system"~•• <br />WHEREAS on the 1st d D 1982 the City entered int^ <br />a contract l"Contract 5- _ the Department of Natural <br />Resources, Colorado Water Conservation Board, for the purpose of. <br />borrowing Func:l~ to construct improvements on the City municipal <br />water system, i"System"i• and <br />WHEREAS, the Colorado Water Conservation Hoard advanced all funds <br />pursuant to Contract C1S3302 and Contract C1533~36 to the City; <br />anti <br />WHEREAS, the City is currentlr~ making its payment obligations <br />pursuant to Contract C1533D2 and Contract C15'_lDD6 by applying <br />PaJments made to the City From UtE3 Water ConServanc~~ District <br />C'Utr3' ? toward 5alci ot>> iUat:ions. <br />WHEREAS, to secure repayment of the funds advanced to the City by <br />Colorado Water Conservat-ion Board, the City promised to convey <br />title to portions of its 5y~stem to the Colorado Water <br />Consr;rvat i on Board ; anti <br />WHEREAS, ^n the 27th day of December, 19[13, the City entered into <br />an a47ret,ment to merge i r_s ~;~~st~:m with that, on ! ~+:n; ~rn~i <br />WHEREAS, Ute wishes to have t?~1P. Citr~'s Sr~sr.F~m transFerrAd to Ute <br />ErAe and clear nF an+~ claim to game h~~ thr~ ~rrlnrado Water <br /> <br />