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<br />therein defined. This does not, however, limit general obligation debt or other obligations payable
<br />from a limited debt service mill levy (not to exceed 50 mills), refundings or restructurings of
<br />outstanding obligations, or obligations issued by an insolvent taxing district pursuant to Section 32-1-
<br />1404, C.R.S.
<br />
<br />Outstanding Debt - The following table sets forth the District's debt outstanding following the
<br />issuance of its most recent Bonds in September, 1992.
<br />
<br />
<br />OUTSTANDING GENERAL OBLIGATION DEBT
<br />
<br />-,
<br />
<br />General Obligation Water and Sewer Refunding Bonds, Series 1984 $1,860,000
<br />General Obligation Refunding Bonds, Series 1989 $1,590,000
<br />General Obligation Bonds, Series 1992 $1,400,000
<br />I': ' ,:' ',:, : ,,:;', :,;', ':" ,;:,: ,',:' " :'>::.:':::::,:::::::::::;,,::::::::::::,:',,:,.......:;,:::,:::.:::::::::1::)::))::::1:::::))).:::::::::,;"~~!a:::,):,::il!,::::'::i)i:.:::.',:i':::I:il:jl:,::::::i'::i::I~I!9~BII:,:1:':,l:1:1)::i'l':i1::::I:::I:111::,111
<br />
<br />The District's preliminary 1992 assessed valuation is $37,832,453 and the combined water and sewer
<br />mill levy is 20,7 mills.
<br />
<br />2.2 SAN JUAN WATER CONSERVANCY DISTRICT is.JWCD)
<br />
<br />2.2.1 GENERAL
<br />
<br />The SJWCD is a political subdivision of the State of Colorado, organized pursuant to C.R.S. 37-45-
<br />101 et ~ in 1987, The District was organized to provide for the conservation of water within its
<br />boundaries, to insure the most beneficial use of water, and to encourage and assist in the construction
<br />of water projects to the benefit of municipal, agricultural, and in-district uses, the stabilization of
<br />streamflows, the increase of streamflow, and return flows to assure a constant water supply to
<br />existing irrigated lands.
<br />
<br />2-13
<br />
<br />S95\PAGOSA\S2, TXT
<br />10121/92 mm
<br />
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