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., that cannot be terminated as of the effective date of the District's dissolution; and (iii) continue all sanitation service, both wastewater and storm sewer service, that is currently being provided by the District. The Dissolution Agreement provides that, subject to voter approval and concurrent with the District's dissolution, all territory embraced by the District will be included within and become a part of St. Vrain. The Dissolution Agreement further provides that in order for the District to be dissolved, the eligible electors of the District must vote for dissolution of the District and for inclusion of all territory lying within the District into St. Vrain. A copy of the Dissolution Agreement is on file and available for inspection at the Weld County District Court at the address set forth above, and at the offices of the District located at 318 Fourth Street, Frederick, Colorado 80530. The District has an outstanding long-term financial obligation that consists of a loan from the Colorado Water Conservation Board evidenced by a Promissory Note dated September 9, 2003 and payable to the Colorado Water Conservation Board in the original principal amount of $2,002,400. The Promissory Note bears interest at the rate of 5% per annum and is due August 1,2034. The Petition states that pursuant to the Dissolution Agreement, St. Vrain will either pay the Promissory Note in full prior to the effective date of the District's dissolution, or St. Vrain will assume all of the District's obligations thereunder and cause the District to be released from any further liability on the Promissory Note and related loan documents. The Dissolution Agreement further states that, as of the effective date of the District's dissolution, the District will not have any long-term financial obligations. The Petition states that all short-term District financial obligations and liabilities of whatsoever kind or nature will be paid by the District from its existing funds on or before the effective date of the District's dissolution. Subject to voter approval and in accordance with the Dissolution Agreement, sanitation service, consisting of both wastewater and storm sewer service, will be continued after the effective date of the District's dissolution by 8t. Vrain. The Dissolution Agreement allows St. Vrain to impose rates, fees, tolls and charges for such wastewater and storm sewer services, provided that those rates, fees, tolls and charges are no greater than the rates, fees, tolls and charges that are generally in effect throughout St. Vrain. From and after the effective date of the District's dissolution, the former customers of the District will be billed directly by St. Vrain for all wastewater and storm sewer services at rates as set forth by 8t. Vrain and as more particularly provided for in the Dissolution Agreement. 2