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PARITY LIEN OBLIGATIONS CERTIFICATE <br /> The undersigned hereby certifies pursuant to (i) Resolution No. WE-2-11 duly <br /> passed and adopted by the Board of Trustees (the "Board") of the Town of Wiggins, Colorado <br /> (the "Town") acting as the governing body of the Town of Wiggins Water Enterprise, on <br /> November 9, 2011 (the "2011 Resolution") authorizing the issuance of the Town's Water <br /> Revenue Bonds, Series 2011 (the "2011 Bonds") and(ii) Resolution No. WE-1-2013 duly passed <br /> and adopted by the Board, acting as the governing body of the Town of Wiggins Water <br /> Enterprise on August 14, 2013 (the "2013 Resolution" or, together with the 2011 Resolution, the <br /> "Prior Bond Resolutions"), authorizing the issuance of the Town's Water Revenue Bonds, Series <br /> 2013 (the "2013 Bonds" or, together with the 2011 Bonds, the "Prior Parity Bonds"), and in <br /> connection with the execution and delivery by the Town, acting by and through its Water <br /> Enterprise of that certain Loan Contract, Promissory Note and Security Agreement with the State <br /> of Colorado Water Conservation Board (the "Proposed Parity Obligation," authorized by <br /> Ordinance No. 07-2017 duly passed and adopted by the Board, acting by and through its Water <br /> Activity Enterprise and Wastewater Activity Enterprise on June 28, 2017 (the "2017 CWCB <br /> Loan Ordinance"),that: <br /> (a) The undersigned are (i) the Mayor of the Town and (ii) a Certified Public <br /> Accountant. <br /> (b) At the time of the adoption of the 2017 CWCB Loan Ordinance, the Town <br /> was not in default in making any payments required by the Prior Bond Resolutions. <br /> (c) Pursuant to the terms of the Prior Bond Resolutions, the Town may issue <br /> obligations payable out of, or secured by a lien on the Net Revenue (as that term is defined in the <br /> Prior Bond Resolutions) that are on a parity with the lien of the Prior Parity Bonds on the Net <br /> Revenues, if (i) the Town is then and as of the date of issuance of the Proposed Parity <br /> Obligations will be in substantial compliance with all of the covenants of the Prior Bond <br /> Resolutions; (ii) the Town is then and as of the date of issuance of the Proposed Parity <br /> Obligation will be current in the accumulation of all amounts required to be then accumulated in <br /> the Bond Account and the Reserve Accounts required by the Prior Bond Resolutions; and (iii) <br /> the Net Revenue for the 12 month period immediately preceding the date of issuance of such <br /> Proposed Parity Obligations is sufficient to pay an amount representing not less than 120% of the <br /> Combined Average Annual Principal and Interest Requirements (as defined in the Prior Bond <br /> Resolutions) for the Prior Parity Bonds and the Proposed Parity Obligation to be issued; <br /> (d) The Net Revenues of the System (as those terms are defined in the Prior <br /> Bond Resolutions), for the last 12 months immediately preceding the date hereof(July 1, 2016 <br /> through June 30, 2017), as shown on Exhibit A, were $482,671. <br /> (e) The Combined Average Annual Principal and Interest Requirements (as <br /> that term is defined in the Prior Bond Resolutions) for the Prior Parity Bonds and the Proposed <br /> Parity Obligation is $271,988, as shown on Exhibit A. <br />