Laserfiche WebLink
WHEREAS, on June 1, 2018, the District was further notified by the CWCB that Senate <br /> Bill SB18-218, which includes authorization of the Proposed Loan Increase in the amount of up <br /> to $1,319,464.00 (the"Loan Increase"), was signed by Governor Hickenlooper; and <br /> WHEREAS, in connection with the making of the Loan Increase to the District, the <br /> CWCB has presented to the District that certain Loan Contract Amendment No. 1 (Contract <br /> Number CMS 110365/CT2018-1616) including the Amendment to Promissory Note set forth in <br /> Appendix A thereto and the Amendment to Security Agreement set forth in Appendix B thereto <br /> (collectively, the "Amendment"), which amends that certain Original Loan Contract Number <br /> CMS 72702/C150404B and the corresponding original Promissory Note and original Security <br /> Agreement (collectively, the"Original Contract"); and <br /> WHEREAS,the Amendment has been reviewed by the District staff and its counsel; and <br /> WHEREAS, the District desires to authorize the execution and delivery of the <br /> Amendment and the performance of the District's obligations thereunder, and the execution of <br /> any additional documentation which may be related to the Loan Increase. <br /> NOW THEREFORE, BE IT RESOLVED BY THE BOARD OF DIRECTORS OF <br /> THE CASTLE PINES NORTH METROPOLITAN DISTRICT ACTING BY AND <br /> THROUGH ITS WATER ACTIVITY ENTERPRISE AS FOLLOWS: <br /> Section 1. Definitions. The following terms shall have the following meanings as used <br /> in this Resolution: <br /> "Amendment" means Loan Contract Amendment No. 1 (Contract Number CMS <br /> 110365/CT2018-1616) including the Amendment to Promissory Note set forth in Appendix A <br /> thereto and the Amendment to Security Agreement set forth in Appendix B thereto, which <br /> amends the Original Contract. <br /> "Board"means the Board of Directors of the District, the governing body of the District. <br /> "Bond Counsel"means Kutak Rock LLP, Denver, Colorado. <br /> "CDNR"means Colorado Department of Natural Resources. <br /> "Chatfield Reallocation Project"means the project identified by that name and described <br /> in the Water Storage Agreement by and between the U.S. Army and the CDNR. <br /> "C.R.S." means the Colorado Revised Statutes, as amended and supplemented as of the <br /> date hereof. <br /> "CWCB" means the Department of Natural Resources, Colorado Water Conservation <br /> Board, an executive branch agency of the State. <br /> "District Counsel"means Norton & Smith, P.C.,Denver, Colorado. <br /> {00465252.DOC/5) 3 <br /> 4831-6436-1066.1 <br />