Laserfiche WebLink
RESOLUTIONS OF THE SHAREHOLDERS <br /> OF SEVEN LAKES RESERVOIR COMPANY <br /> The Shreholders of Seven Lakes Reservoir Company (Company), at a Shareholders' meeting held <br /> !° d , 201 , located at,J, , Colorado, adopted the following resolutions concerning a secured loan from <br /> the State of Colorado Water Conservation Board (CWCB) to the Greeley & Loveland Irrigation Company, for the <br /> purpose of the Irrigation System Improvements Project, in the amount of$3,154,230 or such actual amount, more <br /> or less, as may be needed by the Company and available from the CWCB including the CWCB loan origination <br /> 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 pledge, as COLLATERAL, for the loan the Company's, undivided one hundred percent (100%) interest in <br /> the HORSESHOE HIGH—LEVEL OUTLET PROJECT, and <br /> 2. to execute all documents as required by THE LOAN CONTRACT, including, the DEED OF TRUST necessary to <br /> convey a security interest in said property to the CWCB. <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 RESOLUTIONS HAVE NOT BEEN AMENDED OR RESCINDED.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 ilk DAY OF .t A 2013. <br /> (S E A L) <br /> By /2/t,i4- <br /> SignatuF <br /> ATTEST: <br /> NAME: U6RA/ 75fin' , tz2Z6L-L. <br /> By �11.a-e oL /z-n�� J TITLE: PS I DE,/JT <br /> Sign ture of Corporate Secretary DATE: d— 17-9t0 1+ <br /> DATE: I— 17-Lo lit <br /> Appendix 3c to Loan Contract C150362 <br /> Page 1 of 1 <br />