C150081 Paid in Full Documents

• Contract/PO #: C150081
• Contractor Name: City of Victor
• Contract Type: Loan
• Loan Projects - Doc Type: Repayment Information

6=! 11/260.1 09:04 7196992703 CIT 'OF�'ICTOR
PAGE LIS
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ORDINANCE NO. 3g
AN ORDINANCE OF THE CITY OF .VICTOR, COLORADO, WAT
ENTERPRISE, JOINED BY THE CITY OF VICTOR, AUTHORIZING THE AND SEWER
• OF MONEY, EXECUTION AND DELIVERY OF A LOAN AGREEMENTANDSECURITY BORROWING
AGREEMENT BETWEEN THE STATE OF COLORADO FOR THE
OF THE DEPARTMENT OF NATURAL RESOURCES, COLORADO AND BENEFITR
CONSERVATION BOARD, AND THE CITY OF VICTOR WATER AND RAWATER
ENTERPRISE, AND APPROPRIATING THE FUNDS BORROWED WASTEWATERH
• FUNDS) FOR REHABILITATION OF THE DAM FOR VICTOR RESERVOIR
NO.
OTHER
RVOIR N0. 2•
WHEREAS, by Ordinance No.
established the City of Victor Water and Wastewater e Cityy of Victor, Colorado ("City") has
nterprise [some
to as the "Water and Sewer Enterprise" although both names refer to thetimes
themes same Ealsoreferredreferred
(the "Enterprise") as an Enterprise of the City within the meaning of Articles
of the Colorado Constitution ("TABOR") and C.R.S. §37-45.1-101 et —.9se X, Section.20
and : (1995 Supp.);
WHEREAS, pursuant to Ordinance No.
have and exercise all powers set forth under C.R.S.���45� Enterprise is authorized to,
and those
forth in the City Code which are consistent with the authority of anrenterpseunder set
provisions of TABOR and necessary to operate,the Enterprise, including but nun
o der the
to the following: To hold meetings concurrently with regular or special meetingst e Ci y
dth
Council; to adopt ordinances in the manner in which City ordinances may nces be adapopted; to
e Cty
issue or reissue revenue bonds, notes, or other obligations payable from revenues
or to be derived from the provision of services in the same manner in which Citye
bonds may be issued, withoutvoter approval in advance; derived
water and sewer systems and service to the payment of such revenue
to pledge any revenues of the
s
such revenue bonds therefrom; to set rates, fees, and charges for services esu providedded by paye
Enterprise; to enter into contracts relating to the water and sewer system the
manner in which City contracts may be entered into; and to make representations,
service in the
warranties, and covenants on behalf of the City
obligation relating to the water and sewer system and service, other than the City oany mulperformtiple-
fiscal-year any
fiscal-year direct or indirect debt or other financial o.b•ligatien of the City, without dequ to
cash reserves pledged irrevocably and held for payments in all future years; adequate
and
WHEREAS, the City and the Enterprise made an application to the •
Colorado for the use and benefit of the Department of Natural Resources ColoradState of
Conservation Board ("CWCB") for a loan to be used for the rehabilita o Water
spillway and outlet works for Victor Reservoir No. 2. tion of the dam,
WHEREAS, the State has approved a loan not to exceed
Enterprise to rehabilitate the dam for Victor Reservoir No. 2 $600,000 to enable the
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APPENDIX 3 TO LOAN CONTRACTe 5 )O