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C150210 Paid in Full Contract
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C150210 Paid in Full Contract
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Last modified
4/12/2017 2:07:16 PM
Creation date
4/12/2017 2:06:46 PM
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Loan Projects
Contract/PO #
C150210
Contractor Name
Little Thompson Water District
Contract Type
Loan
Loan Projects - Doc Type
Contract Documents
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LITTLI*HOMPSON WATER I*TRICT <br /> DIRECTORS: Telephone(970)532-2096 <br /> Robert Boggio,President 835 E.Highway 56 <br /> Dean Anderson Drawer G <br /> Keith Croonquist Berthoud,CO 80513 <br /> Richard Macomber RESOLUTION OF THE BOARD OF DIRECTORS <br /> °`vw•IMd.org <br /> Dave Lorenz <br /> Carey J.Salomonson <br /> Alex Sauer OF THE Little Thompson Water District <br /> Manager: <br /> Richard H.H.Whittet <br /> The Board of Directors of The Little Thompson Water District (District), at a meeting held <br /> December 1, 2005, at The Little Thompson Water District, 835 East Highway 56, Berthoud, <br /> Colorado, adopted the following resolution concerning a loan in the amount of up to $4,945,500, <br /> not to exceed 90% of actual construction costs, from the State of Colorado Water Conservation <br /> Board (CWCB), for the purpose of a new water storage reservoir construction in a 50/50 <br /> partnering with Central Weld County Water District (CWCWD). <br /> At said meeting, the Board charged that these resolutions are irrepealable during the term of the loan <br /> and, pursuant to the Little Thompson Water District's bylaws, authorized the President and the <br /> Secretary, RESOLVED as follows: <br /> 1. To enter into and comply with the terms of a contract with the Colorado Water Conservation <br /> Board for a loan in the amount of$4,945,500, or such actual amount, more or less, as needed to <br /> finance up to 90% of the project costs, and <br /> 2. To levy and collect water revenues from the tapholders in an amount sufficient to pay the annual <br /> amounts due under the Loan Contract, and to pledge water revenues and the Little Thompson <br /> Water District's right to receive said revenues for repayment of the loan, and <br /> 3. To place said pledged revenues in a special account separate and apart from other DISTRICT <br /> revenues, and <br /> 4. To make the annual payments required by the promissory note and to make annual deposits to a <br /> debt service reserve fund, and <br /> 6' <br /> 5. To execute a deed of trust to convey a securityYoan <br /> o` e' B in certain property owned <br /> by the Little Thompson Water District, and °. <br /> 6. To execute all documents as required by the contr, di'"" , but not limited to, a <br /> Security Agreement and a Promissory Note, an <br /> I . <br /> 7. To take such other actions and to executeuthe -oc ents as may be necessary to <br /> consummate and implement the loan. ,.s' <br /> CERTIFICATION <br /> The undersigned, the President and the Secretary, respectively, hereby certify that the foregoing are <br /> true and correct copies of resolutions duly adopted at a meeting of the Little Thompson Water District <br /> Board of Directors duly called and held as above recited, pursuant to the Little Thompson Water <br /> District's bylaws, and that said resolutions have not been amended or rescinded. <br /> GIVEN.U,NDER OUR HANDS AND THE SEAL OF THE LITTLE THOMPSON WATER DISTRICT THE 1 ST DAY OF DECEMBER 2005. <br /> (SI E.,A! L)- � <br /> By <br /> Robert Boggiw vresid t <br /> ATTEST• <br /> By 2' , <br /> Richard H.H. Whittet, Secretary <br /> Appendix 3 to Loan Contract C150210 <br />
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