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<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.
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