Laserfiche WebLink
of the Enterprise, in accordance with the pledge of revenues provisions of the 1995 Contract, as <br />amended by the Contract Amendment. <br />5. The Board finds and determines, pursuant to §37 -45- 139(1), C.R.S., that the annual <br />obligation created by the loan from CWCB to the Enterprise will not require a greater annual <br />expenditure than the annual income and revenue of the District and Enterprise is estimated to permit. <br />6. The Enterprise was established by resolution of the Board of Directors of the District <br />dated September 14, 1994. After the Contract Amendment is fully executed by all parties to it, said <br />resolution shall be irrevocable for the duration of the 1995 Contract, as amended by the Contract <br />Amendment, and the Enterprise shall remain in existence and shall not be terminated prior to full <br />repayment of the loan. <br />7. Should any part or provision of this Resolution be adjudged unenforceable or invalid, <br />such judgment shall not affect, impair, or invalidate the remaining provisions of this Resolution, it <br />being the intention that the various provisions hereof are severable. <br />8. After the Contract ent is ll executed by all parties to it, this Resolution <br />shall be irrepealable for the term o the,' - 5 Co' , as amended by the Contract Amendment. <br />The foregoing Resolut -on was duly' ad6pt6d by the Board of Directors of the District and the <br />Enterprise on April 12, 2000. <br />;d <br />UTE WATER CONSERVANCY DISTRICT <br />and the <br />UTE WATER ACTIVITY ENTERPRISE <br />ATTEST: <br />B- By <br />Jacqu tafford, Secret Robert Elsberry, President <br />B:\MAMUTE\cwcb- rcs -S2.6M -3- April 12, 2000 <br />