CT2018-2851 Contract

• Contractor Name: Central Colorado Water Conservancy District, Well Augmentation Subdistrict ‎(WAS)‎
• Contract Type: Loan
• Loan Projects - Doc Type: Contract Documents

WHEREAS, the Board desires to authorize the execution of the Loan Contract, the
issuance and delivery of the Promissory Note, and the execution of any additional documentation
which may be related to the financing;
THEREFORE, BE IT RESOLVED BY THE BOARD OF DIRECTORS OF THE WELL
AUGMENTATION SUBDISTRICT OF THE CENTRAL COLORADO WATER
CONSERVANCY DISTRICT IN WELD, ADAMS AND MORGAN COUNTIES,
COLORADO:
Section 1. Definitions. The following terms shall have the following meanings as used
in this Resolution:
"Ballot Authorization" means the ballot issue approved by District voters on November
2, 2004 and set forth in the preambles hereto.
"Board"means the Board of Directors of the District, and any successor body.
"Counties"means Weld,Adams and Morgan Counties, Colorado.
"CWCB" means the Department of Natural Resources, Colorado Water Conservation
Board, an agency of the State.
"Debt Service Fund" means the Debt Service Fund reaffirmed by the provisions hereof
for the purpose of paying debt service on the obligations of the District.
"District" means the Well Augmentation Subdistrict of the Central Colorado Water
Conservancy District, in Weld, Adams and Morgan Counties, Colorado, and any successor
thereto.
"Enabling Laws" means the Water Conservancy Act and the Supplemental Act, or any
successor statutes thereto.
"General Fund" means the General Fund of the District established and maintained as
required under State law.
"Limited Mill Levy" means an ad valorem mill levy (a mill being equal to one-tenth of
one cent) imposed upon all taxable property of the District and on any other property subject to
the property tax of the District, each year in an amount sufficient to pay the principal of,
premium if any, and interest on the Outstanding CWCB Loans, the Promissory Note and any
Parity Obligations as the same become due and payable,but not in excess of nine mills,except as
permitted in Section 126 of the Colorado Water Conservancy Act, as provided in the Ballot
Authorization.
"Loan Contract" means the State public loan, identified by Loan Contract Number CT
2018-2851, as the same may be amended from time to time, by and between the District and the
State acting by and through the CWCB.
3
4843-0359-8943.2