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due in connection with any bonds or other obligations issued to provide Capital
<br />Improvements, and charges for the accumulation of reserves.
<br />"Parity Lien Bonds" means the CWRPDA Bond and one or more series of
<br />additional bonds, notes, interim securities, or other obligations having a lien on the Net
<br />Revenue on a parity with the lien pledged to the CWCB in the Loan Contract that are
<br />issued by the District in conformance with the provisions of the Loan Contract.
<br />"Project" is defined in Appendix 1 to the Loan Contract.
<br />"Reserve Account" means the debt service reserve account provided for in Section
<br />A.8.d. of the Loan Contract.
<br />"Resolution" means this Resolution, including any amendments properly made
<br />hereto.
<br />"System" means all of the District's Works, water facilities and properties, now
<br />owned or hereafter acquired, whether situated within or without the District boundaries,
<br />including all present or future improvements, extensions, enlargements, betterments,
<br />replacements, or additions thereof or thereto, which facilities and properties comprise the
<br />District's Water Activity Enterprise.
<br />"Water Activity Enterprise Act" means Title 37, Article 45. 1, CRS.
<br />"Water Conservancy Act" means Title 37, Article 45, CRS.
<br />"Water Enterprise Fund" means the proprietary fund of the District designated
<br />herein as the "Water Fund," previously established by the District and reaffirmed by the
<br />provisions hereof for the accounting of propriety revenues and expenses of the System.
<br />"Works" means dams, storage reservoirs, compensatory and replacement
<br />reservoirs, canals, conduits, pipelines, tunnels, power plants, and any and all works,
<br />facilities, improvements, and property necessary or convenient for the supplying of water
<br />for domestic, irrigation, power, milling, manufacturing, mining, metallurgical, and all
<br />other beneficial uses.
<br />Section 2. Authorization. In accordance with the Constitution of the State of
<br />Colorado, the Water Activity Enterprise Act, and all applicable laws of the State of
<br />Colorado thereunto enabling, the Loan Contract Amendment along with its appendices are
<br />incorporated herein by reference and are hereby approved. The President, First Vice
<br />President, the Secretary and all other appropriate officers of the District are hereby
<br />authorized and directed to execute and deliver the Loan Contract Amendment and the
<br />related appendices, in substantially the forms made available to the Board, with such
<br />changes, not inconsistent herewith, as are approved by the persons executing the same
<br />(whose signatures thereon shall constitute conclusive evidence of such approval); and the
<br />covenants, statements, representations and agreements contained in the Loan Contract
<br />Amendment are hereby approved and adopted as the covenants, statements,
<br />representations and agreements of the District.
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<br />4818 -5195- 9572.1
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