CT2018-1616 Amendment No. 01 - Laserfiche WebLink

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APPENDIX C RESOLUTION NO. 2018-006 A RESOLUTION OF THE CASTLE PINES NORTH METROPOLITAN DISTRICT, ACTING BY AND THROUGH ITS WATER ACTIVITY ENTERPRISE, AUTHORIZING A COLORADO WATER CONSERVATION BOARD (CWCB) LOAN INCREASE FOR THE CHATFIELD REALLOCATION PROJECT IN THE AGGREGATE AMOUNT OF UP TO $1,319,464.00; APPROVING A LOAN CONTRACT AMENDMENT WITH THE CWCB RELATING THERETO; APPROVING A PROMISSORY NOTE AMENDMENT, A SECURITY AGREEMENT AMENDMENT, AND OTHER DOCUMENTS IN CONNECTION THEREWITH AND AUTHORIZING THE EXECUTION AND DELIVERY THEREOF; AND ESTABLISHING THE EFFECTIVE DATE HEREOF. WHEREAS, the Castle Pines North Metropolitan District is a quasi-municipal corporation and a political subdivision of the State of Colorado created pursuant to the Special District Act, established in 1984 by order and decree by the District Court in and for Douglas County, Colorado, and was organized for the purposes of providing certain water, sewer, street, park and open space, and safety improvements for the Castle Pines North development; and WHEREAS, the Castle Pines North Metropolitan District's Water Activity Enterprise (the "Water Activity Enterprise") was formally organized on April 16, 2012 by approval by the District's Board of Directors pursuant to Resolution No. 2012-005 (the "Water Enterprise Resolution"), and is operated as a Water Activity Enterprise in accordance with Article 45.1, Title 37, C.R.S., and Article X, Section 20 of the Colorado Constitution; and WHEREAS, the Castle Pines North Metropolitan District, acting by and through its Water Activity Enterprise, is a participant in the Chatfield Reallocation Project (as defined herein) and a member of the proposed Chatfield Reservoir Mitigation Company; and WHEREAS, the Castle Pines North Metropolitan District, acting by and through its Water Activity Enterprise (the "District"), is authorized pursuant to the Section 32-1-1101, C.R.S. and the Water Activity Law to issue bonds, notes, or other obligations payable from the revenues derived or to be derived from the and other legally available revenues of the District; and WHEREAS, pursuant to Resolution 2015-008 adopted by the Board of Directors (the "Board") of the District on September 29, 2015 (the "Original Loan Resolution"), the District made a determination to obtain certain loans from the Colorado Water Conservation Board, an agency of the State (as more particularly defined herein, the "CWCB") for the purpose of financing, for the benefit of the District's taxpayers, inhabitants and users,the District's allocated share of the Chatfield Reallocation Project (such District share referred to herein as the "Project"); and 4831-6436-1066.1