Laserfiche WebLink
Colorado Water Conservation Board <br /> Page 2 <br /> September 5 , 2018 <br /> the CWCB to evidence the Loan(as defined in the Loan Contract); <br /> (d) the proceedings of the governing body of the Conservancy District relating to the <br /> issuance of the Promissory Note and Security Agreement and the execution, <br /> issuance and delivery thereof to the CWCB (the Loan Contract, the Promissory Note <br /> and Security Agreement are referred to herein collectively as the "Loan <br /> Documents"); <br /> (e) all outstanding instruments relating to the bonds, notes or other indebtedness of <br /> or relating to the Conservancy District. <br /> We have also examined and relied upon originals, or copies certified or otherwise <br /> authenticated to our satisfaction, of such other records, documents, certificates and <br /> other instruments, and made such investigation of law as in our judgment we have <br /> deemed necessary or appropriate to enable us to render the opinions expressed <br /> below. <br /> Based upon the foregoing, we are of the opinion that: <br /> (1) The Conservancy District is a "Conservancy District" within the meaning of the <br /> enabling legislation and is a Conservancy District of the State of Colorado with the <br /> full legal right and authority to execute the Loan Documents. The governing body of <br /> the Conservancy District is its Board of Directors who have been duly appointed by <br /> the City of Pueblo and County of Pueblo. <br /> (2) The Conservancy District has the full legal right and authority to carry on the <br /> business of the Conservancy District as currently being conducted and as proposed <br /> to be conducted, and to undertake and complete the Project. <br /> (3) The proceedings of the Conservancy District's governing body authorizing the <br /> Conservancy District to undertake and complete the Project were duly and lawfully <br /> adopted and approved by Pueblo Conservancy District Resolution adopted pursuant <br /> to applicable Colorado law at meetings duly called pursuant to necessary public <br /> notice and held in accordance with applicable Colorado law at which quorums were <br /> present and acting throughout and were published in accordance with applicable <br /> Colorado law. <br /> (4) The proceedings of the Conservancy District's governing body approving the <br /> Loan Documents and authorizing their execution, issuance and delivery on behalf of <br /> the Conservancy District have been duly and lawfully adopted and approved by <br /> Pueblo Conservancy District Resolution, adopted pursuant to applicable Colorado <br /> law, at meetings duly called pursuant to necessary public notice and held in <br /> accordance with applicable Colorado law, and at which quorums were present and <br /> acting throughout and were published in accordance with applicable Colorado law. <br />