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<br />14:5a <br /> <br />97a2411919 <br /> <br />COSTELLO ALLYN CPAS <br /> <br />PAGE a3 <br /> <br />(d) the District's $10,137,500 ewcs Loan No, C1S3670B drawdown note <br />issued on October 23, 1997 to the Colorado Water Conservation Board; <br /> <br />(e) the District's $7,000,000 CWCB Loan No. C150026 issued on April 12, <br />2000 to the Colorado Water Conservation Board; <br /> <br />(t) the District's SIO,OOO,OOO ewCB proposed loan to be issued in the year <br /> <br />2000. <br /> <br />5. For purposes of this Certificate, I have received the following: <br /> <br />(a) a calculation of Net Revenues (as defined in the contracts authorizing the <br />Colorado Water Conservation Board Loans), which calculation is set forth in Exhibit A <br />hereto. <br /> <br />(b) a combined debt service schedule showing debt service on each of the <br />obligations listed in subsections (a) and (b) of section 3 and subsections (a) through (t), <br />inclusive, of section 4, above (collectively, the "Parity Obligations"), and the Series 2000 <br />Bonds which schedule is set forth in Exhibit B hereto, trom which I am able to compute <br />the average annual principal and interest requirements for the Parity Obligations and the <br />Series 2000 bonds. <br /> <br />6, As of the date of the Certificate, the District is current in the accumulation of all <br />amounts required to be accumulated for purposes of the respective bond accounts and reserve <br />accounts called for pursuant to the resolutions referenced in section 3 hereof and the contracts <br />referenced in section 4 hereof. <br /> <br />7. The Net Revenues are sufficient to satisfy the covenants of the District set fonh in <br />Section 28(a) of the 1997 Bond Resolution and Section 28(a) ofthe 1995 Bond Resolution. <br /> <br />8. The Net Revenues are sufficient to satisfy the covenant of the District set forth in <br />Section B(e) of the contract relating to the loan described in section 4(d), above, <br /> <br />. 9, The Net Revenues are sufficient to satisfy the covenant of the District set fonh in <br />Section 1 1 (e) of the contract relating to the loan described in section 4(e), above, <br /> <br />10. The Net Revenues are sufficient to satisfy the covenant of the District set forth in <br />the proposed contract relating to the loan described in section 4(t), above. <br /> <br />I have hereunto subscribed my name this 17th day of May, 2000, <br /> <br />CosteUo, Allyn & Co., P.C. <br /> <br />By: ~ {4& <br />Title: ftk-.,~_r <br /> <br />2 <br />