My WebLink
|
Help
|
About
|
Sign Out
Home
Browse
Search
PROJ00496
CWCB
>
Loan Projects
>
Backfile
>
1-1000
>
PROJ00496
Metadata
Thumbnails
Annotations
Entry Properties
Last modified
11/19/2009 11:03:45 AM
Creation date
10/5/2006 11:58:12 PM
Metadata
Fields
Template:
Loan Projects
Contract/PO #
C153523
Contractor Name
Fort Collins, City of
Contract Type
Loan
Water District
3
County
Larimer
Bill Number
SB 88-30
Loan Projects - Doc Type
Contract Documents
There are no annotations on this page.
Document management portal powered by Laserfiche WebLink 9 © 1998-2015
Laserfiche.
All rights reserved.
/
29
PDF
Print
Pages to print
Enter page numbers and/or page ranges separated by commas. For example, 1,3,5-12.
After downloading, print the document using a PDF reader (e.g. Adobe Reader).
Show annotations
View images
View plain text
<br />. <br /> <br />. <br /> <br />The principal and interest ta became due under the Laan <br />Agreement in the years 1988 and 1989 shall be advanced fram any <br />revenues .or funds .of the City l~wfully available therefor. Far <br />the purpose .of reimbursing any such advance and als.o far the <br />purpase of paying the principal and interest as the same became <br />due, the Council shall annually fix and certify a rate of levy <br />far ad val.orem taxes ta the Board .of Caunty Cammissi.oners .of <br />Larimer Caunty, Cal.orado, whicb, when levied an all .of the <br />taxable property in the City in each .of the years immediately <br />prior ta the years in which suc~ principal and interest became <br />due, will raise ad valarem taxes sufficient to make such <br />reimbursement and ta pay such principal and interest as the same <br />became due. In the event any of said. levies shall fail ta <br />praduce an amount sufficient ta pay the principal and interest <br />becoming due in the next succeeding year, the deficit shall be <br />made up in the next levy, and taxes shall be levied until the <br />principal and interest shall be paid in full. <br /> <br />In additi.on, the City hereby irrevacably pledges ta pay <br />the principal and interest t.o become due under the Laan Agreement <br />fram the net revenues .of the City' s water system. The City <br />hereby reserves the right ta se-cure, withaut restrictian, any <br />.obligatians payable fram the net revenues .of the City's water <br />system hereafter issued equally and ratably with the Bands and <br />the Loan Agreement. The City alsa hereby cammits itself ta fix <br />and annually ta maintain rates, fees, tolls, and charges far <br />water and services furnished by the City' s water system which, <br />tagether with ather maneys legally available therefar, will be <br />sufficient ta pay .operatian and maintenance expenses .of the <br />City's water system, the princip~l of and interest on all bands <br />and other obligations of the City pertaining ta the City's water <br />system as the same became due, and the other payments required by <br />Art. .XII, Sectian 6 .of the City Charter. "Net revenues" as used <br />herein means the grass revenues .of the City's water system <br />(excluding any supplemental user fees) after the payment of <br />aperatian and maintenance expenses. "Operatian and maintenance <br />expenses" as used herein meanlS all current reasanable and <br />necessary expenses of operating, maintaining and repairing the <br />Ci ty' s water system, but does not include any allowance far <br />depreciatian .or capital replacements and improvements. "The <br />Ci ty' s water system" as used herein means nat .only the praperty <br />comprising the water system .of the City at the present time, but <br />all additions and betterments thereto and impravements and <br />extensians thereof which may hereafter be acquired, canstructed <br />.or installed by the City. <br /> <br />It shall be the duty of the Council annually at the <br />time and in the manner pravided ~y law, if such actian shall be <br />necessary to effectuate the pravisians .of this Ordinance, ta <br />ratify and carry aut the pravisions hereaf with reference to the <br />levy and callection of the ad valorem taxes and the imposition, <br /> <br />BD3826 <br /> <br />4 <br /> <br />06/30/88 <br />
The URL can be used to link to this page
Your browser does not support the video tag.