Laserfiche WebLink
<br />) <br />I <br /> <br />( /. <br /> <br />2. ~tatement of Oualification. The District and only the <br />District owns the Enterprise; the Enterprise receives less that ten <br />percent of its annual revenues in grants from all Colorado State <br />and local governments combined and the Enterprise is authorized to <br />issue its own revenue bonds pursuant to 37-45.1-104, C.R.S. The <br />Enterprise is exempt from the provisions of Article X, Section 20 <br />of the Colorado Constitution, <br /> <br />3. Governinq Bodv. The governing body of the Enterprise is <br />'the Board of Directors of Castle Pines North Metropolitan .District <br />as constituted from time to time and as authorized and required by <br />the Act, 37-45.1-103(3), C,R.S. <br /> <br />4 . Powers of the '"Enterorise. The Enterprise has all the <br />authority, powers, rights, obligations, and duties as may' be <br />provided or permitted,~ the Act, the Colorado Constitution, and <br />this resolution and any;.further resolutions defining the scope of <br />its authority. ~"'" 'se '~'uth~e<i tq_z:;~.c;~ive..and h~l,l . <br />t,ms.t. _ certain aSJ;ets",,,df;,,""'t e' is ""'11!E;, tI\~~""'a'i'i~~r ana""" <br />W'a'.~m~fti~fi~rfties~=l~'i:l'e~b1:'S''t:rfct:''whether situated within pr <br />without the District boundaries, including all present or future <br />improvements, extensions, enlargements, betterments, replacements <br />or additions thereto. Such transfers in trust shall not be deemed <br />grants. The ~nterprise is authorized to exercise the District's <br />authority, powers, rights, and duties related to the operation and <br />. maintenance of such water and wastewater facilities and to the <br />provision of water and wastewater services to t~e District. The <br />Enterprise has no authority to levy. a tax which is subject to. <br />Article X, Section 20 (4) of the Colorado Constitution, although <br />the District may levy a tax on its behalf. <br /> <br />5. Revenues. The Enterprise is authorized to prescribe, <br />revise and collect, in advance or otherwise, fees, rates, tolls, <br />penalties or charges, or any combination thereof, for services, <br />programs or facilities provided to any consumer or any owner or <br />occupant of any real property connected or to be connected to the <br />water and, wastewater facilities, or receiving service therefrom. <br />without regulation by -any other entity except the Board of <br />Directors. It is also authorized to receive grants, as ~hat term <br />is defined in 37-45.1-102 (2), C.R>S., in an amount less than ten <br />percent of the Enterprise's annual revenues. <br /> <br />6. Ratification and APproVal of Prior Actions. All actions <br />heretofore taken by the Board of Directors of the District not <br />inconsistent with the provisions of the Resolution are hereby <br />ratified, approved and confirmed. <br /> <br />7. Repealer. All resolutions, bylaws or orders of the <br />District" inconsistent or in conflict with this resolution, are <br />hereby repealed only to the extent of such inconsistency or <br />conflict. <br /> <br />2 <br />