PROJ00116

• Contract/PO #: C153477
• Contractor Name: Victor, City of
• Water District: 0
• County: Teller
• Bill Number: XB 99-999
• Loan Projects - Doc Type: Feasibility Study

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Laws and Organization

Victor operates under a Council form of government with an elected Mayor and a
City Council of four members. The Mayor and Council are assisted by a part time
City Administrator. Services provided as authorized by the charter include:
publ ic safety (pol ice and fire), highway and streets, sanitation, health and
welfare, culture-recreation, public improvements, planning and zoning, and
general administrative services.

The following are sections of the Colorado Revised Statutes which set forth the
powers and authorities of the City of Victor with reference to:

A. Right of Eminent Domain
1. Condemnation of Property: 38-6-101 to 38-6-122 CRS
2. Who May Petition: 38-3-101 CRS
3. Land Acquisition: 41-4-202 CRS
4. Rights of Way for Cities: 38-5-105 CRS
5. Wa ter Ri ghts: 38-6-201 to 38-6-216 CRS
B. Taxing Authority
1. Power to Levy Taxes: 31-20-101 CRS
2. Ad Valorem Taxes: 31-1-101 CRS
3. Special Tax to Pay Claims: 31-12-410 CRS

Authority to enter into contractual agreements with the CWCB and authority to
vest title to the project has been addressed in an opinion letter dated October
15, 1986, from the legal council for the City (Beyfogle and Mandel) and addressed
to the CWCB, attention Mr. N. C. Ioannides. This letter is included in Appendix
A of this report.

Financial Status

Appendix B contains combined balance sheets for the years ending December 31,
1984 and 1985. In addition to cash in savings institutes, assets 1 isted by the
City include land and water rights, the water and sewer systems, maintenance

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