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<br />,. ......:,.;...~..........I. ....... ......U.)'.,UI u"CernUel.. .~>:><,1.". "he Cl\.y .nt..rad Int.o
<br />~4f iGont.r~~: J't.C?fU~l~ 1 i.,(:l..~~6. )..: ~tt.h: ,.he Depart...n\. of Hat-un I
<br />,', ~JI[."oure.....: wor 0,., U,t,e,.. C~.., TU.\;\On.. Bo.rd. ~ '0*,;\'1\.": purpClle: of
<br />tt~W\"OW~'" ..~ 1: con.t...ucfJ;~_ '''p1'ov.,..nt,.,.on) .-h...r.lt.)l: "baictpd
<br />qu'~J;' 't''''t;N").'' .j.I"" "...,!!.....,.......' """">a."~:lr......,
<br />~:~, 'f\..,:. '<i.~,~./.r~ ~:' ,.::' .In.(~ .~~.:?~:';\J{::-f?::~f'{f~~;~~:~~~r.:;l~~~-~"
<br />i~ UIlER:!AS...._t.h..- Co lOT.do U..t..r C~n..r'U.t.l'on. Board .ct~:!nc~'.~ 1 . tund.
<br />t~:i~':,.~,~~/~~,2 i.t~.;}~f.'l,~~~;j;~.'1i".ff~t'<,"''l!4~'t.~,V'-
<br />,.~".<?:~", _._ c. . :..(.':~,.a.'..!\::7"c.t~'...~:'rlri.,tr:rtj~. ij,Hi1*':tqittj(i.t "ef," :,,:
<br />'\JHEREAS, t.h. Clt'1"'-t'~' '~~rr.nt.l}- lRaklng "'''I~. '~p.)'"nt. .'obligat.lon.
<br />pur.uant. t.o Contract. C1S3382:and. .Cont.ract. Cl53398 by applyIng
<br />::p.)'~.nt.. mt~. '.to, t;h./~cn.lf 'rO!' ol.. Ulllt'.""~ conti:.rv.~cy. DI.trlct.
<br />. (,'.Ute') t~.rd ,.tci ob1tg.t.lon..f.,J ~ff(l!1'{I.lq:I,'~ "':'f:i !.'lO~jll ;~'..,;J
<br />\':' .~,.. \.... ~' ! . . .' " '. .
<br />U';ER~AS.. to'~~~~~'t?r'~~'i:);~nt.: 0' t.h~- ;~nd"~ 'a~'v~~~.~\ 'L1f{tl~' 'Jt't.'~_\ by
<br />;Color.do. Uat.r Con.ervat.lon Soard.' -the City 'proml.~ to convey
<br />l.t-It.J. t.c;L.c port-lone" 0' It. .y.t... to", t.h. .,ColQrado, . U.t.r
<br />'Con..rvat:.lon Board; and .' .. -~'. ~. ;:~t,; ...:. ',.'O. .;
<br />. j., .. "., ,
<br />UHEREAS.-on, the 27t.h day 0' D.ca~b.r. 1983. the Clt.y .nt.r.d Int.o
<br />.~"n .gr,...lIUlt. t.QJ~t'g.- It.a,ar.toea .~lth t.h.t. of Ut.e; .nd\ ~,.
<br />~~.':,~1"' "'t,ti.~r~:~~'-'y.';-~"'~;:! ',,~):vr-. _,'~ ';,'-'.': ?'~'" ;A'::';,~':,;~;:"",,',:, :~;. 1* ~:.-
<br />UHEREAS,: Ut.. ulah.. to have t.he Clt.y'.:.y.te" 't.ran.feryed
<br />'fre. .nd cl.ar of .ny clal~ t.o .am. by the Colorado
<br />Con..rv.t.-Ion 8'3ard; and .:, .-"
<br />
<br />"
<br />
<br />'.; ,'--' "
<br />fa tit..
<br />Vat..r
<br />
<br />UKEREA9, p~r.~.n~ to Sect.ion
<br />Color.do U.tar Con..rvatlon
<br />~.k. . .~fficl.n~ ..curlly
<br />.. ~lll ...ur. r.payment.
<br />CI5339l5.
<br />
<br />37-60-120 (t) C.R.S. (987). the
<br />Board I. requlr.d to have o~n.r.hlp.
<br />Int.r..t. or IMpO.. oth.r obllgat.lon.
<br />of Cont.r.ct CI53382 .nd Cont.ract.
<br />
<br />\
<br />
<br />\J,HEREAS. Colorado U.t.r Con..rv.t.icn Board I. ullllng to r.I....
<br />Ita cia'. t.o the .y.teM .hould the Clt.y proml.. to pl.dge .nd
<br />agr.a t.o u.. .. ..curlty the City'. ..1.. t..~ rav.nu.. .nd the
<br />elty'. portion of n..a Count.y .al.. t..~ collection. In ths .v.n~
<br />lhe City d.f.ult. In !t.. paym.nt. to Color.do Uater Con..rv.tton
<br />Board pur.uant. to Contract Cl53382 and Conlr.c~ C15339& In an
<br />amo~nt .ufflcient. to ..t.I.fy lhe r.quirem.nt. th.reof; .nd
<br />
<br />UIiEREAS. by l.t.t..r dat.ed t.h. 7t.h day of D.cember. 1968. th. I...,
<br />fira of Young and Hock.n.m~th P.C. det.rmln.d lhat. lh. City ha.
<br />the .bllit.y lo pl.dg. .nd u.. Ite .al.e t.ax r.v.nu.. .. ..curlt.y
<br />and na.d not conduct an .lecllon In ord.r to accompll.h .am.; .nd
<br />
<br />\JHf~E"S. pur.u.nt. t.o 8.21 of t.hs Frult.a t.he Clt.y Chart.r, t.h.
<br />C'i.-t.-y III.Y. by ordinance, I..u. ..curlt.I.. mad. p.yabl. from
<br />~rQvanu.. other than prop.rt.y tax... Th... .ecurlt.le. Include.
<br />,but. ar. not It.lt.d t.o. t.ho.. payable from r.venue d.rlved fro.
<br />~. 11" 'I.. t....:.. i .nd
<br />
<br />\UHEREA'. t.h. City ul.h.. t.o pr~I.. to pl.dg. .nd .gr.. to u..
<br />lte ..1.. t.x r.Venu.. .. .ecurit.y for r.p.yment. .hould lhe Clt.y
<br />:da'.ult In It.. p.yment obllgat.lan. t.o Color.do Uat.er Con.ervat.lon
<br />,Board pur.u.nt. to Cont.ract. ClS33eZ and Contracl'C1S33ge.
<br />
<br />"
<br />~ TKltarOtl, IE IT OROAIMID ay TNI 'IUITA TNI CrTY COUNCIL
<br />~,~~l~D_l~ To ...ur. repay~.nt of Cont.ract. Cl53392 and Contract
<br />C153398, th. CI~Y h.Tsby pTo~I... ~o pl.dge and .gr... t.o ue. ..
<br />..curl~y it. .a1.. t..x revenue. and It.. port.lon of n... Count.y
<br />..\.. t.x col\ec~lan. 'or t.he b.n.flt of t.he Colorado Uat..r
<br />Con.ervat.lan Bo.rd, .ubj.ct. t.o e~l.tlng prior g.n.r.1 obllg.tton
<br />bond co~.l~m.nt.. tn the .v.nt. the City d.fault. In .ny p.yment.
<br />obllgatlcn. It. ha. owing t.o th. Colorado Uat..r Con..rv.tlon Board
<br />pur.uant to Contr.ct CIS3382 or Cont.ract C1S33ge.
<br />
<br />~2i~120_a~ Th. City covenant. t.o not. u.. It. .ale. ta~ r.venu..
<br />or 'Il,. port.ion of n..a County .al.e taX r.venu.. t.o ..cure'
<br />1'1)"~~.nt. 0' any obligation. exc.pt ."t.t.lng obligation. eecured by
<br />aat.. t.ax r.~.nue.. ~hlch ~ould .upere.ed the City'. pro~I.. t.o
<br />pledge and .gT.ement. lo u.. It.-. ..1.. t..~ r.~.nu.e In an amount
<br />vurrlctent. lo ..cIJr. annual payment. obllQat.lon. t.o Colorado \Jat.ar
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