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<br />..-'~ <br />( ".. "1 <br /> <br />RESOLUTION NO. 02-1992 <br /> <br />A RESOLUTION SUMMARIZING EXPENDITURES FOR THE TOWN OF IGNACIO <br />MUNICIPAL IRRIGATION SYSTEM, FOR THE CALENDAR YEAR BEGINNING <br />JANUARY 1, 1993 AND CONTINUING UNTIL THE $180,000 LOAN FROM THE <br />COLORADO WATER CONSERVATION BOARD WITH AN INTEREST RATE OF FIVE <br />PERCENT (5%) PER ANNUM IS RETIRED AT AN ANNUAL PAYMENT OF TEN <br />THOUSAND FOUR HUNDRED AND NINETY DOLLARS AND FORTY CENTS <br />($10,490.40) FOR FORTY YEARS. <br /> <br />WHEREAS, the Town agrees to set up a special budget fund and; <br /> <br />WHEREAS, the Town of Ignacio desires to install a raw water <br />irrigation system to utilize waters now paid for by the Town and; <br /> <br />WHEREAS, the Town has acquired monies through a loan from the <br />Colorado Water Conservation Board and; <br /> <br />WHEREAS, the Town agrees to authorize the Deed of Trust as security <br />within thirty days of completion of the project and; <br /> <br />WHEREAS, the Town has completed and complied <br />requested by the State of Colorado for <br />Conservation Board and; <br /> <br />with all requirements <br />the Colorado Water <br /> <br />WHEREAS, the Town desires to provide a better quality of life for <br />the citizens of the Town of Ignacio and; <br /> <br />WHEREAS, the Town has adopted the necessary Ordinance to assume the <br />loan and; <br /> <br />WHEREAS, the Town Attorney has compiled for the State of Colorado <br />an opinion letter stipulating under what State Statues the Town has <br />the authority to assume the loan. <br /> <br />NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF TRUSTEES OF THE TOWN <br />OF IGNACIO: <br /> <br />That statements and amounts hereby approved and adopted by the <br />Board of Trustees shall be signed by the Mayor or Mayor Pro Tem and <br />made a part of the public records of the Town of Ignacio. <br /> <br />Adopted this 13th day of October, <br /> <br /> <br />ATT"T,a/~ t'~~ <br /> <br />Town Clerk <br />