C150090 PIF Contract - Laserfiche WebLink

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the Promissory Note and the Loan Contract, the "Financing Documents ") may be approved by the Board without an election; and WHEREAS, the Financing Documents shall be a revenue obligation of the District, payable from the Pledged Revenues (as defined in the Financing Documents); and WHEREAS, there have been presented to the Board the forms of the Financing Documents; and WHEREAS, the Board desires to approve the forms of the Financing Documents and authorize the execution thereof. NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF DIRECTORS OF THE PARKER WATER AND SANITATION DISTRICT ACTING BY AND THROUGH ITS WATER ACTIVITY ENTERPRISE AND ITS SANITARY SEWER ACTIVITY ENTERPRISE IN THE COUNTY OF DOUGLAS AND STATE OF COLORADO: Section 1. Financing Documents presented at this meeting are hereby approved. The District shall enter into and The forms of the by reference and are under the Financing Documents in the forms of such documents, with such+ w ge are not inconsistent herewith and as are hereafter approved by the Chairman of the 136jpAnd President of the District (the �, "Chairman"). The Chairman and Secretary of the District (the "Secretary") are hereby authorized and directed to execute the Financing Documents and to affix the seal of the District thereto, and further to execute and authenticate such other documents or certificates as are deemed necessary or desirable in connection therewith. The Financing Documents shall be executed in substantially the forms approved at this meeting. The execution of any instrument or certificate or other document in connection with the matters referred to herein by the Chairman and Secretary or by other appropriate officers of the District, shall be conclusive evidence of the approval by the District of such instrument. Section 2. Election to Apply Supplemental Act. Section 11 -57 -204 of the Supplemental Public Securities Act, constituting Title 11, Article 57, Part 2, C.R.S. (the -2-