CT2015-086 Contract - Laserfiche WebLink

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r as may be necessary or appropriate and not inconsistent herewith, and to authenticate and affix the seal of the District thereto. (b) The members of the Board and the officers, agents, and employees of the District are further hereby authorized and directed to execute and authenticate such other documents, instruments, or certificates as are deemed necessary or desirable in connection with the District's performance of its obligations under the Financing Documents. Section 2. Election to Apply Supplemental Act. Section 11-57-204 of the Supplemental Public Securities Act, constituting Title 11, Article 57, Part 2, Colorado Revised Statutes (the "Supplemental Act") provides that a public entity, including the District, may elect in an act of issuance to apply all or any of the provisions of the Supplemental Act. The District hereby elects to apply all sections of the Supplemental Act to the Financing Documents. Section 3. Interpretation. It is acknowledged that this Loan Resolution constitutes an exhibit to and a part of the Loan Contract, and in the event of a conflict between the terms hereof and the terms of any of the Financing Documents, the terms set forth in this Loan Resolution shall control. Section 4. Definitions. In addition to the terms defined elsewhere in this Loan Resolution, as used herein and in the Loan Contract,the following capitalized terms shall have the respective meanings set forth below, unless the context clearly indicates otherwise: 2002 CWRPDA Loan: the District's governmental agency bond, issued to the Colorado Water Resources and Power Development Authority, dated October 1, 2002, in the original principal amount of$7,045,000. 2005 CWRPDA Loan: the District's governmental agency bond, issued to the Colorado Water Resources and Power Development Authority, dated May 1, 2005, in the original principal amount of$4,800,000. 2010 Note: the District's "Denver Southeast Suburban Water and Sanitation District acting by and through its Enterprise Fund, Water Enterprise Revenue Refunding Note, Series 2010", dated December 21, 2010, in the original principal amount of$10,335,213. Capital Improvements: the acquisition of land,easements, facilities, and equipment(other than ordinary repairs and replacements), and the construction or reconstruction of improvements, betterments, and extensions, for use by or in connection with the System. Existing Parity Obligations: collectively, the 2002 CWRPDA Loan, the 2005 CWRPDA Loan, and the 2010 Note. Net Revenues: the Gross Revenue less Operation and Maintenance Costs, plus all proceeds of insurance in excess of or not applied to the repair and - 3 -