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. <br /> Colorado River Water Conservation District <br /> Resolution <br /> Page 2 of 2 <br /> 2. The forms of the Loan Contract and the Loan Documents, and any changes <br /> thereto as may be necessary in the opinion of the attorney for the District and/and the Enterprise, <br /> in consultation with the General Manager,to effectuate the intentions of the parties or to comply <br /> with the provisions of applicable law, are hereby approved. <br /> 3. The Enterprise is hereby authorized and directed to execute and deliver the Loan <br /> Contract and the Loan Documents to the CWCB. <br /> 4. The Enterprise is authorized to repay the Loan under the Loan Contract to <br /> CWCB. The obligation for repayment of the Loan evidenced by the Loan Contract shall be <br /> secured by (i) a pledge of the Enterprise's revenues; and, (ii) if the CWCB shall so require, a <br /> cash account with a balance equal to one year's debt service(principal and interest)on the Loan. <br /> 5. All action not inconsistent with the provisions of this Resolution heretofore taken <br /> by the Enterprise or its officers and otherwise directed toward the execution and delivery of the <br /> Loan Contract and the Loan Documents is hereby ratified, approved and confirmed. <br /> THIS RES I LUTION was introduced, read, passed and adopted by the COLORADO <br /> RIVER WATER I ONSERVATION DISTRICT COLORADO RIVER WATER PROJECTS <br /> ENTERPRISE on ,F, _�„..„., 1 ,2005. <br /> I COLORADO RIVER WATER <br /> CONSERVATION DISTRICT COLORADO <br /> 4/Owl ' P OJECTS ENTERPRIS <br /> 6 r, y <br /> ovi.„...,..,L, <br /> B ; A* <br /> "'resident <br /> (SEAL) <br /> Atte t: '� `��I <br /> Secretary -- _ `� <br /> '' <br /> Fr. T:� <br /> eu P ri §agagagCS &yrgal6&iAIa& afa@£l'c pea FilesfLK2E\Keso-CWCB.wpd <br />