CT2016-2055 Amendment No. 1

• Contract/PO #: CT2016-2055
• Contractor Name: Centennial Water and Sanitation District
• Contract Type: Loan
• Loan Projects - Doc Type: Contract Documents

WHEREAS, it is necessary for the Board of Directors to approve, ratify, confirm and
authorize the execution and delivery of Amendment No. 1,the Amended Promissory Note and the
Amended Security Agreement.
THEREFORE, BE IT RESOLVED BY THE BOARD OF DIRECTORS OF
CENTENNIAL WATER AND SANITATION DISTRICT, DOUGLAS COUNTY,
COLORADO:
Section 1. That the District hereby approves,ratifies,confirms and authorizes Amendment
No. 1, the Amended Promissory Note and the Amended Security Agreement. and the execution
thereof which Amendment No. 1, the Amended Promissory Note and the Amended Security
Agreement are incorporated in this Resolution as if all of their provisions were set out in full herein
and shall survive a determination of invalidity.
Section 2. That the Board of Directors of the District delegates to the Chair of the Board
of Directors and President of the District,the Vice-Chair of the Board of Directors and Vice-Chair
of the District,the Secretary and General Manager of the District,the Assistant Secretaries and the
Director, Finance and Administration authority to execute, deliver, and approve changes to this
Supplemental Note Resolution 18-123,the Amendment No. 1,the Amended Promissory Note and
the Amended Security Agreement (hereinafter referred to as the "Basic Documents") and the
District's Secretary and Assistant Secretaries are hereby authorized to attest the Basic Documents
for and on behalf of the District.
Section 3. That all actions (not inconsistent with the provisions of the Original Note
Resolution, Supplemental Resolution 15-141 and this Supplemental Note Resolution 18-123)
taken by the Board of Directors of the District and the officers, employees, and agents of the
District in connection with the authorization and the final terms and provisions of the Loan
Contracts are hereby ratified, approved, and confirmed.
Section 4. That the terms and provisions of this Supplemental Note Resolution 18-123,
and the final terms and provisions of the Basic Documents are hereby ratified, approved, and
confirmed.
Section 5. That if any portion or provision of this Supplemental Note Resolution 18-123
shall for any reason be held to be invalid or unenforceable, the invalidity or unenforceability of
such portion or provision shall not affect any of the remaining provisions of this Supplemental
Note Resolution 18-123,the intention being that the same are severable.
Section 6. That after the Basic Documents authorized herein executed, delivered and are
outstanding, this Supplemental Note Resolution 18-123 shall be and remain irrepealable until all
of the Basic Documents and the interest thereon shall be fully paid, satisfied, and discharged.
Section 7. That prior to the date of the adoption of this Supplemental Note Resolution 18-
123, the District has not adopted any resolution containing a provision inconsistent with the
provisions of this Supplemental Note Resolution No. 18-123.
{00632158.DOCX/2} -4-