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RESOLUTION <br /> 1/16-2 <br /> A RESOLUTION AUTHORIZING THE NEGOTIATION, EXECUTION <br /> AND DELIVERY OF A LOAN CONTRACT (with Appendices) BETWEEN <br /> LOOKOUT MOUNTAIN WATER DISTRICT ACTING BY AND <br /> THROUGH ITS WATER ACTIVITY ENTERPRISE AND THE <br /> COLORADO WATER CONSERVATION BOARD <br /> WHEREAS, Lookout Mountain Water District ("District") is a political <br /> subdivision duly organized and existing pursuant to the laws of the State of <br /> Colorado; and <br /> WHEREAS, the District owns and operates its Water Activity Enterprise (the <br /> "Enterprise") pursuant to Article X, Section 20, of the Colorado Constitution and <br /> Title 37, Article 45.1, Colorado Revised Statutes, for the purpose of acquisition, <br /> construction, improvement, installation repair, replacement, and operation of its <br /> water supply system and all services of facilities related thereto; and <br /> WHEREAS, the District acting by and through its Enterprise has requested to <br /> borrow from the Colorado Water Conservation Board ("CWCB") the sum of <br /> $3,099,690 for the Upper Beaver Brook Dam Spillway; and <br /> WHEREAS, the CWCB has approved the loan request; and <br /> WHEREAS, at its regular monthly meeting, the Board of Directors of the District, <br /> met on Monday January 11, 2016 at the offices of the Highland Rescue Team <br /> Ambulance District offices located at 317 S. Lookout Mountain Rd., Golden CO <br /> 80401 in order to, inter alia, consider this Resolution; and <br /> NOW,THEREFORE, BE IT RESOLVED BY THE BOARD OF <br /> DIRECTORS OF LOOKOUT MOUNTAIN WATER DISTRICT ACTING <br /> AS THE GOVERNING BODY OF ITS WATER ACTIVITY ENTERPRISE <br /> 1. The President (or in his absence, the Vice President) and Secretary, acting <br /> APPENDIX 4 <br /> Page 1 of 3 <br />