C150122 PIF Documents

• Contract/PO #: C150122
• Contractor Name: Central Weld County Water District
• Contract Type: Loan
• Loan Projects - Doc Type: Contract Documents

issuance to apply all or any of the provisions of the Supplemental Act. The Board hereby elects to
apply all of the Supplemental Act to the Financing Documents.
Section 3. Delegation.
(a) Pursuant to Section 11-57-205 of the Supplemental Act, the Board hereby
delegates to the Chairman or any member of the Board the authority to make the following
determinations relating to and contained in the Financing Documents, subject to the restrictions
contained in paragraph(b) of this Section 3:
(i) The interest rate on the Loan;
(ii) The principal amount of the Loan;
(iii) The amount of principal of the Loan maturing in any given year and
the final maturity of the Loan;
(iv) The dates on which the principal of and interest on the Loan are paid;
and
(v) The existence and amount of reserve funds for the Loan, if any.
(b) The delegation in paragraph (a) of this Section 3 shall be subject to the
following parameters and restrictions: (i)the interest rate on the Loan shall not exceed 4.15%; (ii)
the principal amount of the Loan shall not exceed$3,937,500;and(iii)the final maturity of the Loan
shall not be later than December 31, 2027.
Section 4. Conclusive Recital. Pursuant to Section 11-57-210 of the
Supplemental Act, the Financing Documents shall contain a recital that it is issued pursuant to
certain provisions of the Supplemental Act. Such recital shall be conclusive evidence of the validity
and the regularity of the issuance of the Promissory Note after its delivery for value.
Section 5. Pledge of Revenues. The creation, p- • -ction, enforcement, and
priority of the pledge of revenues to secure or pay the Financing Doc • ,erein shall be
governed by Section 11-57-208 of the Supplemental Act and - • ution. " is pledged
to the payment of the Financing Documents shall immediate . 3j I - of such pledge
without any physical delivery,filing,or further act. The lien of such p d t7 e priority
described in the Loan Agreement. The lien of such pledge shall be valid,binding,an. - • ceable as
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Appendix 3 to Loan Contract C150122
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