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<br />~~f~i/~~~~ lq:~~ <br /> <br />9702411 919 <br /> <br />COSTEllO AllYN CPAS <br /> <br />PAGE 02 <br /> <br />. .' <br /> <br />PARITY REVENUE BOND CERTIFICATE <br /> <br />$17,095,000 <br />UTE WATER CONSERVANCY DISTRICT <br />Water Revenue Bonds <br />Series 1000 <br /> <br />The undersigned, on behalf of Costello, Allyn & Co., P.C., certified public accountants, <br />Grand Junction, Colorado, in connection with the issuance by Ute Water Conservancy District, <br />acting by and through its Water Activity Enterprise (the "District"), ofils Water Revenue Bonds, <br />Series 2000, dated May 1,2000, in the aggregate principal amount ofS17,095,ooo (the "Series <br />2000 Bonds"), hereby certifies as follows: <br /> <br />I. I am a certified public accountant practicing under the laws of the State of <br />Colorado and am not an officer or employee of the District, <br /> <br />2. The District has provided me with audited financial statements for the District for <br />the 12 month period ending December 31, 1998 and such other information as I have deemed <br />appropriate to execute this Certificate. <br /> <br />3. The District has provided me with a copy of the resolution authorizing the <br />issuance of the Series 2000 Bonds (the "2000 Bond Resolution") and copies of the resolutions <br />authorizing the issuance of the foHowing bonds: <br /> <br />(a) Ute Water Conservancy District Water Revenue Refunding Bonds, Series <br />1995, dated December 15, 1995 (the "1995 Bond Resolution") <br /> <br />(b) Ute Water Conservancy District Water Revenue Refunding Bonds, Series <br />1997, dated June I, 1997 (the "1997 Bond Resolution"). <br /> <br />4. The District has provided me with copies of the contracts relating to the issuance <br />of the following notes of the District: <br /> <br />(a) the District's $1,000,000 CWCB Loan No, CI53329 issued on January 1, <br />1982 to the Colorado Water Conservation Board; <br /> <br />(b) the District's $7,500,000 note issued on April 15, 1982 to the Colorado <br />Water Conservation Board, as increased by the additional note of the District in the <br />principal amount of $487,500 issued on June 16, 1986 to the Colorado Water <br />Conservation Board (collectively CWCB Loan No. CI53380); <br /> <br />(c) the District's 5400,000 CWCB Loan No. CI53670A issued on March 17 <br />1992 to the Colorado Water Conservation Board; , <br />