C153739 Contract

• Contract/PO #: C153739
• Contractor Name: Aristrocrat Ranchettes Water Project, Inc.
• Contract Type: Loan
• Water District: 2
• County: Weld
• Bill Number: SB 96-153
• Loan Projects - Doc Type: Contract Documents

I. F
rJ v'

CERTIFICATE
OF
CORPORATE RESOLUTION OF
~~ISTOCRAT ~lCHETTES WATER PROJECT, INC.

I, the undersigned Secretary of Aristocrat Ranchettes Water
Project, Inc., a Colorado corporation, do hereby certify to
Northern Colorado Water Conservancy District and Municipal
Subdistrict, Northern Colorado Water Conservancy District, and all
other concerned, that (a) at a meeting of the Board of Directors of
the said Corporation duly and specially called and held on the 19th
day of March, 1997, a quorum being at all times present, the
following resolutions were unanimously adopted and recorded in the
minute book of said Corporation, kept by me, (b) such resolutions
are in accord with and pursuant to the Articles of Incorporation
and By-Laws of said Corporation, and (c) such resolutions are now
in full force and effect and have not been revoked or amended in
any manner:

WEEP.EAS, the Board of Directors of the Corporation having
d'ctermined by majority vote the following issues and items, IT IS:

RESOLVED, that ARWP shall enter into an Application for Change
of Class D Allotment Contract for the transfer of shares of water
from owners and members of the Northern Colorado Water Consp.rvancy
District or its Municipal Subdistrict; and

RESOLVED, that Cathy L. Clamp, as President, and Belinda
Higgs, as Secretary of ARWP, are authorized and empo.:;;red to
execute the Application for Change of Class D Allotment C'JIltract;
and

RESOLVED, that Cathy L. Clamp, as President, and Belinda
Riggs, as Secretary, are authorized and empowered to eX8cute the
Agreement with Fred J. Winters Estate (1/2), Diree A. Hoffner (1/4)
and Jerry D. Winters (1/4) for the purchase of 60 shares of
Colorado-Big Thompson water, including any closing docu:nents for
said purchase; and

,
RESOLVED, that the water shares shall be used as collateral
for the loan from the Colorado Water Conservation Board ("CWCBU);
and

RESOLVED, that ARWP may, at its option, obtain bridge
financing (financing to cover costs prior to other loan funds being
received, including earnest money) from First Security Bank of Fort
Lupton in an amount not to exceed $17,000, which financing shall be
repaid by the loan funds from CWCB.

I further certify that I have examined the appropriate records
of the Corporation and know by virtue thereof and of my own
knowledge that the majority of all holders of the outstanding stock
of this Corporation entitled to vote have consented by vote to the
above resolutions.