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<br />) <br /> <br />( ) <br /> <br />2. The District or the Enterprise will allocate excess water <br />funds derived from water users fees. 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 will pledge such funds to eWCR to secure the <br />repayment. <br /> <br />5. This resolution shall be irrepealable during the life of <br />this loan. <br /> <br />PASSED, ADOPTED AND APPROVED this <br />1995. <br /> <br />l......l day of --3e-~ <br />1"' <br /> <br />CASTLE PINES NORTfr~ <br />METROPOLITAN DISTRICT <br /> <br />By: <br /> <br />Tom W~id~nt <br /> <br />~TEST: (\ n <br /> <br />· ~W-X~ <br />Paul V. Dannels, District Manager <br /> <br />2 <br /> <br />1/27/95-pss <br />C:\WPDOCS\CASTLE\CWCBLOAN.RES <br />