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Swan's Nest Metropolitan District <br /> Authorizing CWCB Loan <br /> Page 2 <br /> WHEREAS, such Loan shall be a revenue obligation of the District, payable from <br /> the Collateral (as defined in the Loan Document); and <br /> WHEREAS,the District's obligations under the Loan Document and the Note <br /> (collectively referred to herein as the "Financing Documents") shall not constitute a <br /> general obligation of the District within the meaning of any constitutional or statutory <br /> provision or limitation; and <br /> WHEREAS, there have been presented to the Board the forms of the Financing <br /> Documents; and <br /> WHEREAS,the Board desires to approve the forms of the Financing Documents <br /> and other documents referenced therein and authorize the execution and delivery thereof; <br /> and <br /> WHEREAS, none of the members of the Board have any financial interest or other <br /> potential conflicting interests in connection with the authorization or execution of the <br /> Financing Documents, or the use of the proceeds thereof. <br /> NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF DIRECTORS <br /> OF SWAN'S NEST METROPOLITAN DISTRICT: <br /> 1. Approvals, Authorizations, and Amendments. Th:,, i , • of Financing <br /> Documents presented at this meeting are incorporated herein by:'• - e; a hereby <br /> approved. The District, acting by and through the Enterprise, s a Al • + r 1 perform <br /> its obligations under the Financing Documents in the fo s s ocuments, with such <br /> changes as are not inconsistent herewith and as are here el, . ro ' et h ?ha i Iran <br /> of the Board of Directors and President or, in his absence, the ' is "=4P a' d ice <br /> President of the District (as applicable, the "Chairman"). The Chairman and eefe'tary <br /> or, in his absence, Assistant Secretary of the District (as applicable, the "Secretary") are <br /> hereby authorized and directed to execute and deliver the Financing Documents and to <br /> affix the seal of the District thereto, and further to execute and authenticate such other <br /> documents or certificates as are deemed necessary or desirable in connection therewith. <br /> The Financing Documents shall be executed in substantially the forms approved at this <br /> meeting. <br /> The execution of any instrument or certificate or other document in <br /> connection with the matters referred to herein by the Chairman and Secretary or by other <br /> {00198052.DOC/} <br />