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<br />Section 4, Pledge of Ad Valorem Taxes: Note Fund. 1999, There is hereby
<br />created and established the Note Fund, 1999 (the "Note Fund"). There shall be deposited to the
<br />Note Fund moneys which, when combined with other moneys therein, will be sufficient to pay
<br />the principal of and interest on the Note when due. Moneys credited to the Note Fund shall be
<br />used solely to pay the principal of, interest on and any late charges on the Note,
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<br />If necessary, the interest to become due on the Note on the first interest payment
<br />date shall be advanced from any revenues or fi.mds of the District lawfully available for such
<br />purpose, For the purpose of reimbursing said advance and paying the principal of, interest on
<br />and any late charges on the Note as the same become due and payable respectively, there shall be
<br />levied by the Board of County Commissioners of the County of Douglas, Colorado, on all ofthe
<br />taxable property in the District, in addition to all other taxes, direct annual taxes in each of the
<br />years 1999 to 2018, inclusive, sufficient to make such reimbursement and pay the principal of,
<br />interest on and any late charges on the Note as the same become due and payable, respectively, to
<br />the extent other funds are not made available for such payments, subject only to such limitations,
<br />if any, imposed by Article X, Section 20 of the Colorado Constitution,
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<br />When collected the taxes levied for the purpose of paying the principal of and
<br />interest on the Note (less any amounts necessary to repay said advance) shall be deposited in the
<br />Note Fund and applied solely for the payment of the principal of, interest and any late charges on
<br />the Note, respectively, until the Note, as to botl1 principal and interest, shall be fully paid,
<br />satisfied, and discharged; provided however, that nothing herein contained shall be so construed
<br />as to prevent the District from applying any otller funds or revenues that may be in the treasury
<br />of the District and available for that purpose, to the payment of the principal of, interest on and
<br />any late charges on the Note, and upon the application of any other such funds or revenues as
<br />aforesaid, the mill levy or levies herein provided may thereupon to that extent be diminished,
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<br />The foregoing provisions of this Resolution are hereby declared to be the
<br />certificate of the Board to the Board of County Commissioners of Douglas County, Colorado,
<br />showing the aggregate amount of taxes to be levied for the purposes aforesaid by the Board of
<br />County Commissioners from time to time, as required by law, for the purpose of reimbursing
<br />said advance and paying the principal interest on and the late charges on the Note when due,
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<br />The amounts necessary to pay all costs and expenses incidental to the issuance of
<br />the Note as to pay the principal of interest on tile Note when due are hereby appropriated for said
<br />purposes, and such amounts as appropriate for each year shall also be included in the annual
<br />budget and the appropriation bills to be adopted and passed by the Board in each year,
<br />respectively, until the Note has been fully paid, satisfied, and discharged,
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<br />It shall be the duty of the Board, annually, at the time and in the manner provided
<br />by law for levying other District taxes, if such action shall be necessary to effectuate the
<br />provisions of this Resolution, to ratify and carry out the provisions hereof with reference to the
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