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<br />t <br /> <br />- <br /> <br />. <br /> <br />THORBURN. SAKOL & THRONE <br />AN ASSOOATlON OF PROf'ESSIONAL CORPORATIONS <br />ATTORNEYS AND cOUNSELLORS AT LAW <br />255 CANYON BOULEVARD AT CLOUD CREEK <br />surt"EtOO <br />BOULDER. COLORADO 80302-4920 <br />TELEPHONE (303) ~9-1873 <br />TEt.EFAX (,03) 447.9840 <br />Januat"Y 8, 1992 <br /> <br />~~ <br /> <br />.'Vll0_ <br /> <br />BARRE M. SAKOL. P.CO <br />DOUGLA.S C. THORBURN. P.c. <br /> <br />OF COUNSEL: <br /> <br />DAPHNE THRCNE <br />JANE!: A. HARDEN <br /> <br />Stephen Simms, Esq. <br />Assistant Attorney General <br />Natural Resources Section <br />110 16th st. <br />10th Floor <br />Denver, CO 80202 <br /> <br />re: Floodplain Contract <br /> <br />Dear Mr. Simms: <br /> <br />This letter is to confirm that I have reviewed the contract <br />between the Town of Erie and the State of Colorado <br />concerning the Flood Plain Loan with respect to the applicability <br />of Article II, Section 6(1) to said contract. <br /> <br />It is my opinion that the contract does not violate Article <br />II, Section 6(1) of the Constitution of the State of Colorado in <br />that it does not create an obligation on the.general fund of the <br />Town of Erie, Colorado. <br /> <br />Since it does not create an obligation on the general fund <br />of the Town of Erie, it is further my opinion that the contract <br />does not require approval by the electorate of the Town of Erie <br />and no election is required in order for the Town to enter into <br />the Contract. <br /> <br />.i.oer.'i: 11 ) <br />D~~C' Thorburn <br /> <br />DCT/dt <br /> <br />erie\optlr7 <br />