CT2015-049 Amend1 Contract - Laserfiche WebLink

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"Note Account" means the "2011 CWCB Note Account," established by the provisions hereof and paragraph 8(a) of the Loan Contract for the purpose of paying the principal of and interest on the Promissory Note. "Pledged Revenues" means the ad valorem property tax revenues resulting from the tax levy imposed by the District for the purpose of making the payments on the Promissory Note. "Project Account" means the "2011 CWCB Note Project Account," established by the provisions hereof for the purpose of paying the Project Costs. "Project Costs"means the District's costs properly attributable to the Project and permissible as "Eligible Expenses" as set forth in section B(2) of the Loan Contract. "Reserve Account"means a special account of the District designated as the "2011 CWCB Note Reserve Account," created by this Resolution and the Supplemental Financing Documents for the purpose of paying, if necessary, the principal of and interest on the Promissory Note pursuant to paragraph 8(d) of the Loan Contract. "Resolution"means this Resolution authorizing the execution of the Supplemental Financing Documents, including but not limited to the Loan Contract Amendment No. 1 and the Amendment to the Original Promissory Note, including any amendments properly made hereto. "State" means the State of Colorado. Section 2. Approvals,Authorizations and Amendments. (a) The forms of the Supplemental Financing Documents as are on file with the Secretary are hereby approved, and the presiding officer of the District (the "President") and the Secretary or the Assistant Secretary are hereby authorized and directed to execute the Supplemental Financing Documents in substantially the forms as are on file with the Secretary, with such changes as are not inconsistent herewith, and to authenticate and affix the seal of the District thereto. By way of explanation and not limitation and in accordance with the Constitution of the State; the Acts; and all other laws of the State thereto enabling, there is hereby authorized and approved the Loan Contract Amendment No. 1 and the Amendment to the Original Promissory Note. There shall be issued by the District, an Amendment to the Promissory Note in the aggregate principal amount not to exceed $318,150 for the purpose of paying the Project Costs and other costs in connection with the Amendment to the Original Promissory Note. The Original Loan Contract, as amended by Loan Contract Amendment No. 1 is hereinafter referred to as the "Loan Contract" and the Original Promissory Note, as amended by the Amendment to the Original Promissory Note is hereinafter referred to as the "Promissory Note". All covenants, statements, representations and agreements contained in the Loan Contract and the Promissory Note are hereby approved and adopted as the covenants, statements, representations, and agreements of the District. (b) The President and the Secretary or the Assistant Secretary are further hereby authorized and directed to execute and authenticate such other documents, {220091.DOC/} 3