Laserfiche WebLink
<br />"'"". <br />f":.".} <br />~~d~gW <br />3.973 :Jk~""::M ~ 9J~ g~ ~4tJ <br />~.~J'tJm <br /> <br />(~'~ <br />'~!j'J~~ <br />!j'JM"., (JtJ3) 6'.94..?7.?7 <br />.r~ (JtJ3) 6'.94-.Y~7.? <br /> <br />Parity Lien Certificate <br /> <br />$226,979.86 <br />Town of Lyons, Colorado <br />Colorado Water Conservation Board Loan <br />Loan Contract #CI53721 <br /> <br />The undersigned, by and on behalf of the Town of Lyons, Colorado (the "Town"), in <br />connection with that certain Loan Contract & Promissory Note between the Colorado <br />Water Conservation Board and the Town, dated September 16,1996 and amended June I, <br />1998 by Ordinance 652 (the "Loan Agreement"), hereby certifies as follows: <br /> <br />I. As indicated below, I am the independent c.P.A. for the Town, <br /> <br />2. I have reviewed unaudited financial statements for the Town for the 12 month period <br />commencing April I, 1997 and ending March 31, 1998 (the "Fiscal Year" and <br />"Consecutive Months") and such other information as I have deemed appropriate to <br />execute this certificate. <br /> <br />RECEIVED <br />JUN 25 1998 <br /> <br />Colorado \\lC-tp.r <br />Conservation r:L.~-'" <br /> <br />3. I have reviewed Ordinance No. 525 of the Town and the Colorado Water Resources <br />and Power Development Authority Direct Loan Agreements ("Direct Loan <br />Agreements") dated August 19,1996 and October 7,1996, <br /> <br />4. I have reviewed a copy of the Loan Contract & Promissory Note, <br /> <br />5. As of the date of this Certificate, the Town is in substantial compliance with the Loan <br />Agreement, all of the covenants of Ordinance No. 525 and the Direct Loan <br />Agreements and no event of Default has occurred and is continuing as defined in <br />Ordinance No. 525 or the Direct Loan Agreements. <br /> <br />6, The Net Revenues for the Fiscal Year are sufficient to pay an amount representing not <br />less than 100 percent of the Combined Average Annual Principal and Interest <br />Requirements for the Department of Local Affairs EIAF loan, the 1991 Joint Revenue <br />Bonds, the Colorado Water Conservation Board loan, and the 21996 Colorado Water <br />Resources and Power Development Loans. <br /> <br />In witness whereof, I have hereto subscribed may name this .l~day of <br />j1 ""-t.- , 1998, <br /> <br />By:;{.J / ~ <br /> <br />Paul F, Holscher <br />Johnson, Holscher & Co., P.C. <br />Certified Public Accountants <br /> <br />Attachment B to Loan Contract C153721 Amendment No.1 <br />