My WebLink
|
Help
|
About
|
Sign Out
Home
Browse
Search
C150362 Contract
CWCB
>
Loan Projects
>
DayForward
>
4001-5000
>
C150362 Contract
Metadata
Thumbnails
Annotations
Entry Properties
Last modified
9/13/2016 8:25:16 AM
Creation date
2/10/2014 1:29:48 PM
Metadata
Fields
Template:
Loan Projects
Contract/PO #
CT2015-022
C150362
Contractor Name
Greeley and Loveland Irrigation Company
Contract Type
Loan
Water District
4
County
Larimer
Loan Projects - Doc Type
Contract Documents
There are no annotations on this page.
Document management portal powered by Laserfiche WebLink 9 © 1998-2015
Laserfiche.
All rights reserved.
/
43
PDF
Print
Pages to print
Enter page numbers and/or page ranges separated by commas. For example, 1,3,5-12.
After downloading, print the document using a PDF reader (e.g. Adobe Reader).
Show annotations
View images
View plain text
RESOLUTIONS OF THE SHAREHOLDERS <br /> OF GREELEY AND LOVELAND IRRIGATION COMPANY <br /> The Shareholders of Gre-ley and Loveland Irrigation Company (Company), at a Shareholders' meeting <br /> held , 2013, located at Il , Colorado, adopted the following resolutions concerning a secured loan <br /> from the State of Colorado Water •onservation Board (CWCB), for the purpose of the Irrigation System <br /> Improvements Project in the amount ov$3,154,230 or such actual amount, more or less, as may be needed by the <br /> Company and available from the CWCB including the CWCB loan origination fee of 1% of the loan amount. <br /> At said meeting, the Shareholders charged that these resolutions are irrepealable during the term of the <br /> loan and, pursuant to the Company's bylaws, authorized the Board of Directors and officers, RESOLVED as <br /> follows: <br /> 1. to enter into and comply with the terms of a contract with the Colorado Water Conservation Board for a loan in <br /> the amount of $3,154,230 or such actual amount, more or less, as needed to finance the project costs, <br /> including the CWCB loan origination fee of 1%, and <br /> 2. to levy and collect assessments from the shareholders in an amount sufficient to pay the annual amounts due <br /> under the LOAN CONTRACT, and to pledge assessment revenues and the Company's right to receive said <br /> revenues for repayment of the loan, and <br /> 3. to place said pledged revenues in a special account separate and apart from other COMPANY revenues, and <br /> 4. to make the annual payments required by the PROMISSORY NOTE and to make annual deposits to a debt <br /> service reserve fund, and <br /> 5. to pledge, as COLLATERAL, for the loan the Company's, assessment revenues backed by a rate covenant and <br /> an undivided one hundred percent (100%) interest in the BOYD LAKE HIGH-LEVEL OUTLET PROJECT, and <br /> 6. to execute all documents as required by THE LOAN CONTRACT, including, but not limited to, a PROMISSORY <br /> NOTE, SECURITY AGREEMENT, and DEEDS OF TRUST necessary to convey a security interest in said property to <br /> the CWCB, and <br /> 7. to take such other actions and to execute such other documents as may be necessary to consummate and <br /> implement the loan. <br /> CERTIFICATION <br /> THE UNDERSIGNED, RESPECTIVELY, THE PRESIDENT AND SECRETARY OF THE COMPANY, HEREBY CERTIFY THAT THE <br /> FOREGOING ARE TRUE AND CORRECT COPIES OF RESOLUTIONS DULY ADOPTED AT A MEETING OF THE COMPANY'S <br /> SHAREHOLDERS DULY CALLED AND HELD AS ABOVE RECITED, PURSUANT TO THE COMPANY'S BYLAWS, AND THAT SAID <br /> RESOLUTIONS HAVE NOT BEEN AMENDED OR RESCINDED. <br /> GIVEN UNDER OUR HANDS AND THE SEAL OF THE COMPANY THE f 71 bAY OF z v <br /> (S E A L) <br /> Signature <br /> ATTEST: <br /> NAME: ,Dctvled rh�cu/ c 1 <br /> By f7L4t-t_d__-- ,/,,t...-1 yam.-) TITLE: P Y2 5/ 11 <br /> Signature of Corporate Secretary DATE: ( - /7 - u/14 <br /> DATE: . • <br /> Appendix 3a to Loan Contract C150362 <br /> Page 1 of 1 <br />
The URL can be used to link to this page
Your browser does not support the video tag.