C153723 PIF Contract

• Contract/PO #: C153723
• Contractor Name: Orchard Mesa Irrigation District
• Contract Type: Loan
• Water District: 72
• County: Mesa
• Bill Number: HB 95-1155
• Loan Projects - Doc Type: Contract Documents

RESOLUTION OF
MUTUAL MESA LATERAL ENTERPRISE
The undersigned, being a majority of the Governing Board of the Mutual Mesa Lateral
Enterprise ( "MMLE ") at a special meeting of the Board held October 29, 1996, at which a
quorum of Board members is present, consent to, adopt and vote in favor of the following
resolution:
RECITALS
A. MMLE, a water activity enterprise formed and wholly owned by the Orchard
Mesa Irrigation District ( "OMID "), has agreed to undertake all actions necessary to place the
Mutual Mesa Lateral section of OMID's water delivery system, which is currently open ditch, in
closed pipe ( "referred to below as the "Mutual Mesa Project "). The terms and conditions under
which MMLE will undertake the Mutual Mesa Project on OMID's behalf have been reduced to a
written contract (the "Project Agreement "), an unsigned copy of which is attached to this
Resolution and incorporated here by reference.
B. The Colorado Water Conserva,t,i.. Ja nd ("CWCB ") has agreed to loan MMLE a
portion of the funds, up to $871,800, nece s rj f ertake the Mutual Mesa Project, subject to
the terms and conditions of a Loan Corift 8 I &nissor cue by and between the State of
Colorado, OMID, and MMLE (the "L°r poi track ":' u 1Zied copy of which is attached to
this Resolution and incorporated here by ref ,., oan Contract imposes certain duties
,gr
and obligations on MMLE.`` �
C. OMID has negotiated an- reement with Mendez Inc. to perform necessary
construction on the Mutual Mesa Project (the "Contractor Agreement "), a copy of which is
attached to this Resolution and incorporated here by reference. By Resolution of its Board of
Directors, OMID has assigned all of its rights to enter into and perform the Contractor
Agreement to MMLE.
D. Pursuant to the Loan Contract, MMLE must establish a Certificate of Deposit
account in the amount of $50,370.02 and assign the Certificate of Deposit to the State of
Colorado. Pursuant to the Project Agreement, as additional compensation for the duties and
obligations undertaken by MMLE pursuant to that agreement, OMID is required to loan MMLE
the amount necessary to establish the required Certificate of Deposit.
E. MMLE must appoint a Secretary to attest to the execution of the Loan Agreement
and other documents.
RESOLUTION
1. Appointment. The Board appoints Della Grams as Secretary of MMLE and
authorizes and directs her to attest, as necessary, to the proper execution of the Loan Agreement
Appendix A to Loan Contract #C153723