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Section 3. Concurrently with the execution of the "Contract Amendment #2" (Exhibit "A" <br /> hereto) the Mayor and Town Clerk are further authorized, empowered and directed to execute and <br /> deliver to the State of Colorado for the use and benefit of the Department of Natural Resources, <br /> Colorado Water Conservation Board, the Uniform Commercial Code Security Agreement and Financing <br /> Statement, a copy of which is marked Attachment 4 to Exhibit "A". <br /> Section 4. The Finance Director of the Town is hereby directed to allocate annually revenues <br /> from the Town's Water Enterprise Fund sufficient to make the annual payment required by "Contract <br /> Amendment #2" (Exhibit "A" hereto), and to place such funds in a separate account apart from other <br /> revenues of the Town to assure repayment of the subject loan. <br /> Section 5. This Ordinance shall be irrepealable for the term of the loan described in the <br /> "Contract Amendment#2" (Exhibit"A" hereto). <br /> Section 6. The Town Council hereby finds, determines and declares that it has the power to <br /> adopt this Ordinance pursuant to the authority granted to home rule municipalities by Article XX of <br /> the Colorado Constitution and the powers contained in the Breckenridge Town Charter. <br /> Section 7. This Ordinance shall be published and become effective as provided by Section <br /> 5.9 of the B3lecker ridge Town <br /> Char>:z• <br /> INTRODUCED, READ ON FIRST READING, APPROVED AND ORDERED PUBLISHED iN FULL <br /> this 9th day of January, 1996. A Public Hearing shall be held at the regular meeting of the Town <br /> Council of the Town of Breckenridge, Colorado on the 23rd day of January, 1996, at 7:30 P.M. or as <br /> soon thereafter as possible in the Municipal Building of the Town. <br /> ATTEST: <br /> TOWN OF BRECKENRIDGE <br /> . ..:i1utilliL � <br /> Mary Jea , CMC,Tow1rk <br /> Stephen C.West, Mayor <br /> This •rdinance was published in full in The Summit County Journal, a newspaper of general <br /> circulation within the Town of Breckenridge, on January 17, 1996. <br /> READ, ADOPTED ON SECOND READING AND ORDERED PUBLISHED BY TITLE this 23rd <br /> day of January, 1996. <br /> A copy of this Ordinance is available for inspection in the office of the Town Clerk. <br /> ATTEST: <br /> TOWN OF BRECKENRIDGE <br /> Pr, <br /> A <br /> Mary Jea(j-k, CMC, Town ilirk Stephen C. West, Mayor <br /> APPROVED IN FORM <br /> Town At .r.-y Date <br /> This Ordinance was published by title In The Summit County Journal, a newspaper of <br /> general circulation within the Town of Breckenridge, on January 31, 1996. <br /> 2 <br />