C153701 Contract

• Contract/PO #: C153701
• Contractor Name: Fort Morgan, City of & Fort Morgan Water Works and Distribution Enterprise
• Contract Type: Loan
• Water District: 1
• County: Weld
• Bill Number: SB94-029
• Loan Projects - Doc Type: Contract Documents

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OIllIIJWa N:l; 788

Hi CIlDIN1IICE 1lI.l'11DRIzm:; 'mE tHlEImIJaIr. I\R) ~CII rIP A
PRllllCT REU\TIR: TO 'mE WA:I.'ER lOlIlS AND DIS'IIUIll1.l'ICII SYS'IDI rIP '!BE
CITY Of' FORI' HJIG\N. CXlLOIWlO. l\Nl) lll11lIl1UZIIr. '!BE crrr rIP FORl'
KlIGIIl. CDLOIWXl. WA:I.'ER tQlItS AND DIS'IIUIll1l'ICII ENl'ERPRISE TO IVlVE
AND IN ~CII 'l'!IERI!Hl'1'I TO EXI!:ICISE = PCloiERS.

WIIERI!1\S, pu:suant to a resolution peased. adopted and approved by
the Council, of the City of Fort KorgllIl. COlorlldo. (the "City",. at .
_ 2, 1993. the City bas establ.ishod the City of Fort 1tXgan.
Water lbrks and Distrlbltiat Enterpdae (the "Enterpriae") as an
enterprise of the City within the meaning of art. X, Sec. 20 of the
COlonldo Ccnstibltia> and mrthor1zed the Enterprise to issue ita om
revenue band., and

WIIERI!1\S, tI.. City has made an app1 j""tion to the COlorado Water
Resources.and Power lleWl.opJent Authority (thl> "1Iuthorlty") for.a loan
to finance the City's share of the cost of ""'l\1irin9. constructinq and
1nstallin<1 the Sont:hem Pipeline (the "Project") in oriler to provide
add1tiatal raw water transoI.ssiat capacity for the water ....ma. and
distribution systBIl of the City (the "System"l, and

WIIERI!1\S, the l\utb:>rity bas approved said applicatiat. and

WHER!:1IS, tI.. Council desires to autb:>rize the urdertakinq aM
COtl>letion of the Project and to author1~ the Enterprise to have and
in ~~.oc<.1.i.on therewith to exercise certain powers.

BE IT 0Illll\INI!D BY 'l11E anoL Of' FORl' KlIGIN,

1. 'IllS undertaking and COtl>letion of the Project are re~
autb:>rized.

2. '11", COUncil of the City shall serve as thp. Aoard of the!
Enterpriae, and the offi.c&s of the COUncil and of tI.. City sl~,ll serve
as officers of the Board and the Enterprise.

3 . '1l1e Enterprise shall have and in COl1TlP.Ction with tllP.
urxlerti\king and COtl>letion of thl> Project ...y exercisp. the foll0wi.n9
powers: to told _tings conc:urrently witll regulor or specinl .....tinqs
of the COUncil, to edopt ordinances in the manner in which Citv
ordinlInc:es ...y be adopted, to issue rt!IIel1Ue bonds in the 111lUlnP.r in
which City revenue tends ...y be issued witrout voter awroval in
advance, to pledge any revenues of the System to the payment of such
revenue bonds and to pay su::h revenue J:x:n:is the-refran, to enter into
c:ontracts relating to the Systen in the manner in which City contracts
ma.y be entered into, to make representations, WlI.rranties arrl crrvenants
on behalf of tllS City relating to the System, i11rl to bind the City to
perform any obligation relating to the SystB>l other than any
""ltiple-fiscal year direct or indirect debt or otller financial
obliga.tion whatsoever without Bdequate present cash reser'Vef> pledged
irrevocllbl y and held for payments in all future years.

4. lIny iIx:onsistency be~ this Ordinance ard the statutes of
the State of Colcmodo is intended by thl> Council. This ordinance in
enacted pursuant to art. XX, Sec. 6 of the Colorado Constitution and,
to the extent of any such inconsistency, this Ordinance sMll supersede
such statutes. .

5. All acti.oo not i.nc::onsistent with tre provisions af this
Ordinance heretofore taken by the City or its offi""rs snd otherwise
directed toward the aut::OCxriz.atlon of ~ Ente~i:><- :-..0 have and in
connectic:'lll t:hen!with to e:Y.~~ ::-c...o..-"-....u..i.-: ~~: '.:.:=-~' ~tifietl.i
approved snd confinred.

6. All ordi.nances, resolutions, byl.1!ws. Orl1e.r-s. and other
instnwrents. or parts thereof, inconsistent herewith are hereby
repealed to the extent only of such in=onsist~. This repealer shall

APPENDIX A