Laserfiche WebLink
<br />. <br /> <br />. <br /> <br />LAW OFFICES <br /> <br />BALLARD SPAHR ANDREWS 6. INGERSOLL, LLP <br />1225 17TH STREET, SUITE 2300 <br />DENVER, COLORADO 80202-5596 <br />(303) 292-2400 <br />FAX: (303) 296-3956 <br />LAWYERS@SALLARDSPAHR.COM <br /> <br />PHILADELPHIA, PA <br />BALTIMORE, MO <br />CAMDEN, N.J <br />SALT LAKE CITY, UT <br />WASHINGTON, DC <br /> <br />June 22, 1999 <br /> <br />State of Colorado <br />Department of Natural Resources <br />Colorado Water Conservation Board <br />1313 Sherman Street, Room 721 <br />Denver, Colorado 80203 <br /> <br />Re: Loan Contract, dated June 22, 1999, by and between <br />the City of Fort Morgan, Colorado, and the City of <br />Fort Morgan, Colorado, Water Works and Distribution <br />Enterprise and the State of Colorado for the use and <br />benefit of the Department of Natural Resources, Colorado <br />Water Conservation Board, and Promissory Note, dated <br />June 22, 1999, from the Enterprise to the State in the <br />principal amount of $8,000,000 <br /> <br />Ladies and Gentlemen: <br /> <br />We have acted as bond counsel to the City of Fort Morgan, Colorado (the "City"), <br />and the City of Fort Morgan, Colorado, Water Works and Distribution Enterprise (the <br />"Enterprise") in connection with the execution and delivery by the City and the Enterprise of the <br />above-referenced loan contract (the "Contract") and the execution and delivery by the Enterprise <br />ofthe above-referenced promissory note (the "Promissory Note") in order to refinance in part the <br />City's share of costs incurred in connection with the acquisition, construction and installation by <br />the Northern Colorado Water Conservancy District, acting by and through the Southern Water <br />Supply Project Water Activity Enterprise, of an extension of the Southern Water Supply Project <br />Pipeline. <br /> <br />In our capacity as bond counsel we have examined the Constitution and the laws <br />of the State of Colorado, the home rule charter of the City and the ordinances and resolutions <br />adopted by the governing bodies of the City and the Enterprise, and with your permission we <br />