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RubinBrown LLP
<br /> Certified Publk Accountants
<br /> &Business Consultants
<br /> Rubin Brown PARITY LIEN BOND CERTIFICATE 1900 16th Street
<br /> Suite 300
<br /> Denver,CO 80202
<br /> CITY OF LAMAR, COLORADO
<br /> Acting by and through its Water Activity Enterprise T 303.698.1883
<br /> CWCB Loan Contract No. CT2016-2003, dated February 17, 2016 F 303.777.4458
<br /> W rubinbrown.com
<br /> E info@rubinbrown.com
<br /> The undersigned in connection with the issuance by the City of Lamar, Colorado, acting
<br /> by and through its water activity enterprise (the "City") of that certain Promissory Note
<br /> evidencing a loan in the principal amount of$101,000 (the"2016 Promissory Note")under Loan
<br /> Contract No. CT2016-2003 (the"2016 Loan Agreement"),between the City and Colorado Water
<br /> Conservation Board("CWCB"), hereby represents as follows:
<br /> 1. Outstanding Parity Obligations. The Series 2009 Bonds, the 2009 ARRA Bond,
<br /> the 2009 Base Bond, the 2010 Bond and the 2013 Promissory Note defined below are referred to
<br /> in this certificate at the"Outstanding Parity Obligations".
<br /> (a) Pursuant to City Ordinance No. 1124, on or about June 10, 2009 the City
<br /> issued its Water Activity Revenue Refunding Bonds, Series 2009, currently outstanding
<br /> in the principal amount of$690,000 (the"Series 2009 Bonds").
<br /> (b) Pursuant to City Ordinance No. 1136, on or about December 17, 2009 the
<br /> City issued (i) its Governmental Agency Bond, dated December 17, 2009 (the "2009
<br /> ARRA Bond"), evidencing a loan in the principal amount of$3,925,375 made pursuant
<br /> to a Loan Agreement dated December 17, 2009 (the "2009 ARRA Loan Agreement"),
<br /> between the City and the Colorado Water Resources and Power Development Authority
<br /> (the "Authority") and (ii) its Governmental Agency Bond, dated December 17, 2009 (the
<br /> "2009 Base Bond"), evidencing a loan in the principal amount of $1,067,625 made
<br /> pursuant to a Loan Agreement dated December 17, 2009 (the "2009 Base Loan
<br /> Agreement"),between the City and the Authority.
<br /> (c) Pursuant to City Ordinance No. 1150, on or about April 12, 2010 the City
<br /> issued its Governmental Agency Bond, dated May 27, 2010 (the "2010 Bond"),
<br /> evidencing a loan in the principal amount of $2,000,000 made pursuant to a Loan
<br /> Agreement dated May 27, 2010 (the "2010 Loan Agreement"), between the City and the
<br /> Authority.
<br /> (d) Pursuant to City Ordinance No. 1190, on or about November 25, 2013 the
<br /> City issued its loan in the principal amount of $792,850 (the "2013 Promissory Note")
<br /> under Loan Contract No. 150376, dated October 7, 2013 (the "2013 Loan Agreement"),
<br /> between the City and CWCB.
<br /> 2. Net Revenues Security Lien. The Outstanding Parity Obligations are payable out
<br /> of, and secured by a lien or charge on, the Net Revenues (as said term is defined in Ordinance
<br /> No. 1124, in the 2009 ARRA Loan Agreement, in the 2009 Base Loan Agreement, in the 2010
<br /> Loan Agreement and in the 2013 Loan Agreement) on a parity basis. The 2009 ARRA Loan
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