CT2016-2050 Contract

• Contract/PO #: CT2016-2050
• Contract/PO #: C150404B
• Contractor Name: Castle Pines North Metropolitan District
• Contract Type: Loan
• County: Douglas
• Loan Projects - Doc Type: Contract Documents

- n
NOW THEREFORE, BE IT RESOLVED BY THE BOARD OF DIRECTORS OF
THE CASTLE PINES NORTH METROPOLITAN DISTRICT ACTING BY AND
THROUGH ITS WATER ACTIVITY ENTERPRISE AS FOLLOWS:
Section 1. Definitions. The following terms shall have the following meanings as used
in this Resolution:
"Board"means the Board of Directors of the District, the governing body of the District.
"CDNR"means Colorado Department of Natural Resources.
"C.R.S." means the Colorado Revised Statutes, as amended and supplemented as of the
date hereof.
"CWCB" means the Department of Natural Resources, Colorado Water Conservation
Board, an executive branch agency of the State.
"Eligible Expenses" means, with respect to each Loan Contract, the District's costs
properly attributable to the portion of the Project described in Appendix 1 of each Loan Contract.
"Enabling Law" means the Section 32-1-1101, C.R.S., the Supplemental Public
Securities Act, the Water Activity Law and all other laws of the State establishing the power of
the District to complete the financing contemplated by this Resolution.
"Gross Revenue" means all revenues directly or indirectly derived by the District from
the furnishing of water service, provided however, that there shall be excluded from Gross
Revenue (a) moneys borrowed and used to pay the costs of capital improvements of the Water
Activity Enterprise; (b) any moneys received as grants or appropriations from the United States,
the State of Colorado, or other sources, the use of which is limited or restricted by the grantor or
donor to the provision of capital improvements of the Water Activity Enterprise, or for other
purposes resulting in the general unavailability thereof; and (c) moneys received by the Water
Activity Enterprise in reimbursement of costs previously incurred. Gross Revenue of the Water
Activity Enterprise are subject to increase in accordance with the Rate Covenant as defined in
Section 6(a) herein.
"Loan Contract No. C150404A" means the contract, designated Loan Contract No.
C150404A (CT2016-2049), as may be amended from time to time, by and between the State for
the use and benefit of the CWCB and the District as further described above.
"Loan Contract No. C150404B" means the contract, designated Loan Contract No.
C150404B (CT2016-2050), as may be amended from time to time, by and between the State for
the use and benefit of the CWCB and the District as further described above.
"Loan Contract No. C150404C" means the contract, designated Loan Contract No.
C150404C (CT2016-2051), as may be amended from time to time, by and between the State for
the use and benefit of the CWCB and the District as further described above.
{00465252.DOC/6}corrected 3
4831-3765-6607.4