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� � <br />RESOLUTION <br />Resolution No. 2008-A <br />A RESOLUTION OF THE SILT WATER CONSERVANCY DISTRICT <br />AUTHORIZING AND ENDORSING A LOAN 1NCREASE BETWEEN THE SILT <br />WATER CONSERVANCY DISTRICT WATER ACTNITY ENTERPRISE AND THE <br />COLOR.ADO WATER CONSERVATION BOARD. <br />WHEREAS, the Silt Water Conservancy District ("District") has established the <br />Silt Water Conservancy District Water Activity Enterprise ("Enterprise'� as authorized <br />and referenced in Section 37-45.1-101, et seq., of the Colorado Revised Statutes (2002), <br />and Article X, Section 20 of the Colorado Constitution; and <br />WHEREAS, the Colorado Water Conservation Board ("CWCB") has agreed to <br />increase loan contract C 150149 by $485,103.00 to the Enterprise to help finance the <br />rehabilitation of the District's water system infrastructure; and <br />WHEREAS, the Enterprise is authorized and empowered by Section 37-45.1- <br />104, C.R.S. (2002) to incur indebtedness in the performance of its operation; and <br />WHEREAS, the increased loan as extended to the Enterprise will not constitute a <br />debt of the District within the meaning of any constitutional or statutory provision or <br />limitation; and <br />WHEREAS, the increased loan is to be repaid exclusively from revenues <br />generated and collected from water system service fees, rates and charges; and <br />WHEREAS, the water system service fees, rates and chazges shall be established <br />by the Enterprise; and <br />WHEREAS, the District, through the operation of the Enterprise, is to maintain <br />separate and distinct records and funds respective to Enterprise expenditures and <br />revenues; and <br />WHEREAS, the District desires to endorse the CWCB increased loan and <br />undertake those commitments and actions necessary to effectuate and implement said <br />loan increase. <br />Resolution 2008-A <br />Silt Water Cunservancy District <br />Page I <br />Appendix A to Loan Contract C150149 <br />