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<br />MINUTES <br /> <br />( <br /> <br />Director f)~ ~icv..J-+- offered the following Reso <br />and~moved its adoption, the motion was seconded by Director <br />{'~~ : <br /> <br /> <br />RESOLUTION <br /> <br />WHEREAS, The Greeley and Loveland Irrigation Company has deter- <br />mined it necessary to repair the South outlet structure from the <br />Loveland and Greeley Reservoir (Lake Loveland); and <br /> <br />WHEREAS, the financing of the repair project will severely tax <br />the financial ability of the Company, to the extent that it must make <br />application for funding through the Colorado Water Conservation Board. <br /> <br />NOW, THEREFORE, BE IT RESOLVED, that The Greeley and Loveland <br />Irrigation Company make application for construction loan on the Lake <br />Loveland project and that the particulars of the project as applicable <br />to the loan are: <br /> <br /> a. Amount of total estimated proj ect cost $1+93,325.00 <br /> b. Amount of applicant's contribution $1+40,325.00 <br />( c. Amount of State financial assistance <br /> requested $250,000.00 <br /> <br />d. Amount of loans and grants f~ ~ther <br />sources (participation in COI>:"t~ from <br />Colorado Department of Highway~~ $ 53,000.00 <br /> <br />e. Length of proposed repayment p~~iod in years 40 years <br /> <br />BE IT FURTHER RESOLVED that a copy of t~is resolution, certified <br />by the Secretary of the Company be provided to the Colorado Water <br />Conservation Board. <br /> <br />CERTIFICATE <br /> <br />I, Ronald Brinkman, Secretary of The Greeley and Loveland Irriga- <br />tion Company, do certify that the above and foregoing resolution was <br />duly introduced by motion, duly seconded a~d passed by a vote of 0 <br />in favor and no votes against at a regular meeting of the Board of <br />Directors of the Company held May 3, 1988, at which meeting more than <br />a quorum of the seven directors of the Company were in attendance. <br /> <br />Dated this -3r~day of May, A.D. 1988. <br /> <br />( <br /> <br /> <br />- . 'L,,~ <br /> <br />h <br />Se etary of The Greeley <br />Irrigation Company <br /> <br />and Loveland <br /> <br />( SEAL) <br /> <br />ii <br />