CT2016-2056 Contract

• Contract/PO #: CT2016-2056
• Contractor Name: Centennial Water and Sanitation District
• Contract Type: Loan
• Loan Projects - Doc Type: Contract Documents

RESOLUTION 15-141
WHEREAS, Centennial Water and Sanitation District (hereinafter referred to as the
"District"), Douglas County, Colorado, is a political subdivision of the State, a body corporate
and politic, and a quasi-municipal corporation under the laws of the State of Colorado; and
WHEREAS, on September 29, 2014, the Board of Directors of the District adopted
Resolution 14-145 (hereinafter referred to as the "Note Resolution") authorizing Loan Contracts
and Promissory Notes with the Department of Natural Resources, Colorado Water Conservation
Board (hereinafter referred to as the "CWCB") for participation in the Chatfield Reallocation
Project (hereinafter referred to as the "Chatfield Reallocation Project"); and authorizing the
execution and delivery of Promissory Notes in the principal amount of$4,978,290 for storage; in
the principal amount of$28,527,450 for construction and in the principal amount of$10,934,260
for mitigation monitoring (hereinafter referred to as the "Loan Contracts"); and
WHEREAS, subsequent to the adoption of the Note Resolution certain terms and
conditions of the Loan Contracts were amended that necessitates changes to the Note Resolution,
including references to Article X, Section 20 of the Colorado Constitution(hereinafter referred to
as "Section 20") that will need to be approved, ratified and confirmed by this resolution
(hereinafter referred to as the "Supplemental Note Resolution"); and
WHEREAS, at an election held in the District on the 3rd day of November, 1992, in
accordance with law and pursuant to due notice, the registered electors did on Question No. 4,
carry in the affirmative by a majority of ballots cast, the question of authorizing the District to
create any multiple-fiscal year obligation debt or other financial obligation whatsoever, including
revenue bonds without an adequate present cash reserve pledged irrevocably or held for payment
thereof in future years; and
WHEREAS, it is necessary for the Board of Directors to approve, ratify, confirm and
authorize the execution and delivery of the Loan Contracts.
THEREFORE, BE IT RESOLVED BY THE BOARD OF DIRECTORS OF
CENTENNIAL WATER AND SANITATION DISTRICT, DOUGLAS COUNTY,
COLORADO:
Section 1. That the District hereby approves the Loan Contracts and the execution
thereof, including the definitions contained therein and the Promissory Notes attached thereto,
which are incorporated in this Resolution as if all of its provisions were set out in full herein and
shall survive a determination of invalidity.
Section 2. That the Board of Directors of the District delegates to the Chair of the Board
of Directors and President of the District, the Secretary and General Manager of the District, the,
Assistant Secretaries and the Director, Finance and Administration to execute and the power to
approve changes to the Note Resolution, the Supplemental Note Resolution, and the Loan
Contracts.
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