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<br />-, <br />\.+' <br /> <br />". 'I <br /> <br />2_ The District and/or the Enterprise will allocate funds <br />derived from water users service charges from existing and future <br />homeowners and all of the infrastructure fees from future home <br />construction in amounts sufficient to payoff the loan pursuant to <br />its terms_ <br /> <br />3. The District and the Enterprise will set aside, these <br />funds in a special account separate and apart from other District <br />and Enterprise revenues to assure repayment of the loan to the <br />CWCB. <br /> <br />4. The District and the Enterprise <br />interest in such funds in favor of the <br />repayment_ <br /> <br />will sign a security <br />CWCB to secure the <br /> <br />5. The District and the Enterprise will execute a deed of <br />trust conveying a security interest in three wells (A-1, A-2 and <br />A-3) to the CWCB. <br /> <br />6. This resolution shall be <br />the loan for Three Hundred One <br />($301,500) from the CWCB. <br /> <br />irrepealable during the life of <br />Thousand Five Hundred Dollars <br /> <br />PASSED, ADOPTED AND APPROVED this <br />1995. <br /> <br />\ 8'\'L day of ~W , <br /> <br />CASTLE PINES NORTH <br />METROPOLITAN DISTRICT <br /> <br />By: <br /> <br /> <br />ATTEST: <br /> <br /> <br />Manager <br /> <br />CASTLE PINES NORTH <br />METROPOLITAN DISTRICT <br />ACTIVITY ENTERPRISE <br /> <br />WATER <br /> <br />By: <br /> <br /> <br />ATTEST: <br /> <br />/ <br />---' <br />L <br /> <br /> <br />Manager <br /> <br />2 <br /> <br />12/1B/95-pss <br />C:\WPDOCS\CASTLE\CWCB2.RES <br />