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"Note" means the promissory note to be issued by the District to CWCB pursuant to the <br /> Loan Contract, the form of which is set forth as APPENDIX 3 to the Loan Contract. <br /> "Note Account" means the "2018 CWCB Note Account," established by the provisions <br /> hereof for the purpose of paying the principal of and interest on the Note, including the interest <br /> accruing under the Loan Contract prior to the accrual of interest under the Note. <br /> "Payment Date"means the date or dates established pursuant to the Loan Contract for the <br /> payment of the principal of and interest on the Note, as set forth therein. <br /> "Pledged Revenues" means the supplemental "Water Transmission Charge" imposed <br /> within the Ravenna Area as more fully described in subsection (a) of Section 4 of this <br /> Resolution. <br /> "Project" means any purpose for which loan proceeds from the Loan Contract may be <br /> expended under the Enabling Laws and the Loan Contract, which purpose generally consists of <br /> the capital costs relating to the Ravenna Development Interconnect Project, located in Douglas <br /> County, to provide a permanent and reliable water source to Ravenna by constructing two <br /> additional interconnects between the District and Ravenna. <br /> "Project Costs" means the District's costs properly attributable to the Project, or any <br /> parts thereof, and permitted by the provisions of the Enabling Laws and the Loan Contract. <br /> "Required Reserve Amount" means the amount equal to an annual loan payment as <br /> specified for the Required Reserve Amount under Section 14(D) of the Loan Contract. <br /> "Reserve Account" means a special account of the District designated as the "2018 <br /> CWCB Note Reserve Account," created by this Resolution for the purpose of paying, if <br /> necessary, the principal of and interest on the Note. <br /> "Resolution"means this resolution of the Board, including any amendments hereto. <br /> "Ravenna Area"means the area set forth in Appendix A hereto. <br /> "State"means the State of Colorado. <br /> "System" means all of the District's water facilities and properties, now owned or <br /> hereafter acquired, whether situated within or without the District boundaries, including all <br /> present or future improvements, extensions, enlargements, betterments, replacements or <br /> additions thereof or thereto, which facilities and properties comprise the District's water activity <br /> enterprise. <br /> "Water Enterprise Fund" means the Water Enterprise Fund of the District which <br /> accounts for the water financial activities comprising the Enterprise. <br /> Section 2. Approval of Loan Contract and Authorization of the Note. Pursuant to <br /> and in accordance with the State Constitution and Enabling Laws, the Note shall be issued by the <br /> District acting by and through its Water Activity Enterprise. The form of the Loan Contract <br /> 3 <br /> A0,1(1 04,11 CC00 1 <br />