C153670B PIF Contract

• Contract/PO #: C150670B
• Contractor Name: Ute Water Conservancy District
• Contract Type: Loan
• Water District: 72
• County: Mesa
• Loan Projects - Doc Type: Contract Documents

. 1
UW -94 -07
AMENDED RESOLUTION
The Board of Directors ( "Board ") of the Ute Water Conservancy
District ( "District ") , and of the Ute Water Activity Enterprise
( "Enterprise ") , at a regular meeting held on November 9, 1994,
adopts the following Resolution:
RECITALS
A. The District is a water conservancy district in the State
of Colorado. It has established and it owns the Enterprise, which
is a water activity enterprise as defined by §37- 45.1- 102(4),
C.R.S., and which is an enterprise for purposes of Article X,
Section 20 of the Colorado Constitution.
B. The District is the owner of a pipeline which runs from
its sources of water supply in the Plateau Creek Basin to its water
treatment plant near Palisade ( "The Plateau Creek Pipeline "). The
Plateau Creek Pipeline is used to transport raw water from the
sources of supply to the District's water treatment plant for
treatment and subsequent distrib n to the District's customers.
The District has owned and ope he Plateau Creek Pipeline for
many years.
C. The population wi n tct is expanding and the
demand for water to serve the increasing. In order to
provide an adequate suppl to meet the demands of the
customers of the District„ tt% Enterprise, and to improve the
reliability of the water s m of the District and the Enterprise,
the District and Enterprise have determined that it is necessary to
upgrade and /or replace The Plateau Creek Pipeline. Without such
upgrading and replacement, The Plateau Creek Pipeline will soon be
inadequate to serve the needs of the public. Therefore, the
District and the Enterprise have determined that it is necessary to
upgrade and /or replace The Plateau Creek Pipeline in order to
fulfill the needs of the District and Enterprise and their
customers.
D. Thus, the Board hereby determines that the interest of
the District and the Enterprise, and the public interest and
necessity, demand that The Plateau Creek Pipeline be replaced
and /or upgraded, and that provision be made for paying the cost of
such replacement and upgrading.
E. The District and the Enterprise desire to obtain a loan
from the Colorado Water Conservation Board ("CWCB") for the purpose
of designing and constructing the replacement and /or upgrading of
The Plateau Creek Pipeline (the "Project ").
F. CWCB has been authorized to loan up to the amount of
$7,537,500 to the District for the Project.
APPENDIX B