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RESOLUTION NO. 2014-27
<br /> A RESOLUTION OF THE DENVER SOUTHEAST SUBURBAN WATER
<br /> AND SANITATION DISTRICT, ACTING BY AND THROUGH ITS
<br /> WATER ACTIVITY ENTERPRISE,AUTHORIZING A LOAN FROM THE
<br /> COLORADO WATER CONSERVATION BOARD IN THE PRINCIPAL
<br /> AMOUNT OF $1,427,130 FOR THE PURPOSE OF PAYING THE COSTS
<br /> OF CERTAIN WATER IMPROVEMENTS; AUTHORIZING THE FORM
<br /> AND EXECUTION OF THE LOAN CONTRACT,A PROMISSORY NOTE
<br /> TO EVIDENCE SUCH LOAN, AND A SECURITY AGREEMENT;
<br /> DELEGATING TO CERTAIN AUTHORIZED OFFICERS THE
<br /> AUTHORITY TO DETERMINE CERTAIN FINANCIAL MATTERS
<br /> PERTAINING TO THE LOAN; AUTHORIZING THE EXECUTION AND
<br /> DELIVERY OF ANCILLARY DOCUMENTS; AND PRESCRIBING
<br /> OTHER DETAILS IN CONNECTION THEREWITH
<br /> WHEREAS, the Denver Southeast Suburban Water and Sanitation District (the
<br /> "District"), is a quasi-municipal corporation duly organized and existing as a water and sanitation
<br /> district under the constitution and laws of the State of Colorado, including particularly Title 32 of
<br /> the Colorado Revised Statutes; and
<br /> WHEREAS, the District is authorized by Title 32, Article 1, Part 1, C.R.S., to
<br /> supply water for domestic and other public and private purposes by any available means and
<br /> provide all necessary or proper reservoirs, treatment works and facilities, equipment, and
<br /> appurtenances incident thereto; and to provide for storm or sanitary sewers, or both, flood and
<br /> surface drainage, treatment and disposal works and facilities, and all necessary or proper
<br /> equipment and appurtenances incident thereto, and to fix and from time to time to increase or
<br /> decrease fees, rates, tolls, penalties, or charges for services, programs, or facilities furnished by
<br /> the District; and
<br /> WHEREAS,the District has heretofore determined and undertaken to acquire and
<br /> develop certain properties and facilities for the treatment, transmission, distribution, storage, and
<br /> provision of water, and for the collection, treatment, transmission, and disposition of sewage or
<br /> storm, flood, or surface drainage waters, which facilities are combined, operated, and maintained
<br /> as a single public utility and income-producing project(the "System"); and
<br /> WHEREAS, the District is authorized by §32-1-1101(1)(d), C.R.S., to issue
<br /> revenue bonds authorized by action of the Board of Directors of the District(the "Board")without
<br /> the approval of the electors of the District, such bonds to be issued in the manner provided in Part
<br /> 4 of Article 35 of Title 31, C.R.S.; and
<br /> WHEREAS, the System is a government-owned business authorized to issue its
<br /> own revenue bonds and receiving under 10% of annual revenue in grants from all Colorado state
<br /> and local governments combined within the meaning of Article X, Section 20 of the Colorado
<br /> Constitution, and is a "water activity enterprise" within the meaning of§37-45.1-102, C.R.S.; and
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