CT2019-648 Contract

• Contract/PO #: CT2019-648
• Contractor Name: Walsenburg, City of
• Contract Type: Grant/Loan Combo
• Loan Projects - Doc Type: Contract Documents

ORDINANCE NO. 1110
AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF
WALSENBURG, COLORADO, ACTING BY AND THROUGH
THE CITY OF WALSENBURG WATER ACTIVITY
ENTERPRISE, APPROVING A LOAN FROM THE COLORADO
WATER CONSERVATION BOARD;AUTHORIZING THE FORM
AND EXECUTION OF THE LOAN CONTRACT,PROMISSORY
NOTES TO EVIDENCE SUCH LOAN, AND SECURITY
AGREEMENT IN CONNECTION THEREWITH;AUTHORIZING
THE EXECUTION AND DELIVERY OF DOCUMENTS
RELATED THERETO AND PRESCRIBING OTHER DETAILS IN
CONNECTION THEREWITH.
WHEREAS, the City of Walsenburg, Colorado(the"City"), is a statutory City and
political subdivision of the State of Colorado,duly organized and operating under the constitution
and laws of the State; and
WHEREAS,the members of the City Council of the City(the"Council)have been
duly elected and qualified; and
WHEREAS,pursuant to Ordinance No.955 adopted by thc Council on September 5,
2005,the City has heretofore created the City of Walsenburg Water and Sewer Activity Enterprise
(the"Enterprise"),a water and sewer activity enterprise within the meaning of Title 37,Article 45.1,
C.R.S. and Article X, Section 20 of the Colorado Constitution;and
WHEREAS,the Council is acting hereunder as the governing body of the Enterprise;
and
WHEREAS, for the fiscal year ending December 31,2017,the Enterprise received
under 10%of annual revenue in grants from all Colorado state and local governments combined and
it is hereby determined that the Enterprise is an"enterprise"within the meaning of Article X,Section
20 of the Colorado Constitution in 2018; and
WHEREAS, the Council, acting by and through the Enterprise, has heretofore
determined the need to rehabilitate and enlarge City Lake Dam(the"Project");and
WHEREAS,the Council in its enterprise capacity has the authority to issue notes or
other obligations payable from the revenues derived or to be derived from the function, service,
benefits, or facility or the combined functions, services, benefits, or facilities of the enterprise or
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