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PARITY OBLIGATIONS CERTIFICATE <br /> The undersigned hereby certifies pursuant to Appendix 1 to the Loan Cont et. <br /> dated as of July 18, 2016 (the "Loan Contract'), by and between the Colorado W ter <br /> Conservation Board (the "CWCB") and the City of Grand Junction, Colorado (the "City'), in <br /> connection with the proposed execution and delivery by the City of a Promissory Note, d.ted <br /> July 18, 2016 (the "Proposed Parity Note"), evidencing the City's payment obligations under the <br /> Loan Contract, that: <br /> 1. All capitalized terms used herein and not otherwise defined herein h:ve <br /> the meanings provided in the Loan Contract or Ordinance No. 4707 adopted by the City Cou cii <br /> of the City on June 15, 2016. <br /> 2. The undersigned is an independent certified public accountant. <br /> 3. The Pledged Revenues for any 12 consecutive months out of the 18 <br /> months preceding the month in which the Proposed Parity Note is to be issued are sufficie to <br /> pay the System's annual operating and maintenance expenses, the annual debt service on all <br /> outstanding indebtedness having a lien on the Pledged Revenues, including the Proposed P., 'ty <br /> Note, and all required deposits to any reserve funds required by the Loan Contract or by the <br /> lenders of any indebtedness having a lien on the Pledged Revenues. Not more than 10 perce of <br /> the Gross Revenues originate from tap and/or connection fees. <br /> DATED: July J 2016. <br /> Haynie& Company PC <br /> By: <br /> Title:` fox-41"e c <br />