C150312 PIF

• Contract/PO #: C150312
• Contractor Name: Swan's Nest Metropolitan District
• Contract Type: Loan
• Loan Projects - Doc Type: Contract Documents

Swan's Nest Metropolitan District
Authorizing CWCB Loan
Page 3
appropriate officers of the District, shall be conclusive evidence of the approval by the
District of such instrument.
2. Election to Apply Supplemental Act. Section 11-57-204 of the
Supplemental Public Securities Act, constituting Title 11, Article 57, Part 2, C.R.S. (the
"Supplemental Act") provides that a public entity, including the District, may elect in an
act of issuance to apply all or any of the provisions of the Supplemental Act. The Board
hereby elects to apply all of the Supplemental Act to the Financing Documents.
3. Delegation.
(a) Pursuant to Section 11-57-205 of the Supplemental Act, the Board
hereby delegates to the Chairman or any member of the Board the authority to make the
following determinations relating to and contained in the Financing Documents, subject
to the restrictions contained in paragraph (b) of this Section 3:
(i) The interest rate on the Loan;
(ii) The principal amount of the Loan;
(iii) The amount of principal of the Loan maturing in any given
year and the final maturity of the Loan;
(iv) The dates on which the princ. n 'n rest on the Loan
are paid; and
(v) The existence and am f serve funds for the Loan, if
any.
(b) The delegation in paragraph (a) of this Section • bject to
the following parameters and restrictions:
(i) the interest rate on the Loan shall not exceed 5.0%;
(ii) the principal amount of the Loan shall not exceed $155,000;
and
(iii) the final term of the Loan shall not exceed 30 years.
{00198052.DOC I)