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<br />'\ <br /> <br />TOWN OF JOHNSTOWN <br /> <br />ORDINANCE NO. 497 <br /> <br />CONCERNING A LOAN IN THE AMOUNT OF $2,542,500 FRDlI THE STATE <br />OF CDLORADD WATER CONSERVATION BDARD (HEREAFTER REFERRED <br />TO AS THE STATE), FOR THE PURPOSE OF CONSTRUCTING A <br />PIPJ,;LINE TO REPLACE AN EXISTING OPEN DITCH SYSTEM AIm IMPROVE <br />THE QUANTITY AND QUALITY OF WATER DI>LIVERED TD THE .JOHNSTOWN <br />FILTRATION PLANT FOR THE TOWN OF JOHNSTOWN, THIS ORDINANCE, IN <br />ACCORDANCE WITH 31-15-302 CRS, WAS UNANIMOUSLY 'DOPTED <br />BY THE BOARD OF TRUSTEES OF THE TOWN OF JOHNSTOWN <br />(HEREAFTER REFERRED TO AS THI> TOWN), AT A MEETING <br />OF THE BOARD OF TRUSTEES HE~D NOVEMBER 7, 1994, <br />AT JOHNSTOWN, COLORADO <br /> <br />BE IT ORDAINED BY THE BOARD OF TRUSTEES OF THE TOWN UF JOHNSTOWN, <br />COLURADO, AS FOLLOWS: <br /> <br />A. That the Board of Trustees hereby authorizE':' the TOWN to <br />contract for this 10Bn debt, and Buthorizes the Town J1ayor and the <br />Town Clerk to pay the indebtedness on behalf of the TOWN, and <br /> <br />8. That the Board o:f Trustees nerby authorize8 the TOWN to <br />execute the deed o:f trust as securit.y required by the STATE, EJ,S <br />specified in the Security Interest provisions of this contract, and <br /> <br />C. That the Board of Trustees hereby authorizes the TOWN to <br />make and levy Bssessment(s) sufficient to payoff this contract <br />loan pursuant to its term and to discharge this lawful <br />indebtedness, and <br /> <br />D. That the Board of Trustees hereby authorizes the TOWN to <br />set aside this assessment revenue in a bank account, separate and <br />apart ~rom other TOWN revenues to aSB~re repayment o~ this revenue <br />to the STATE, and <br /> <br />E. That the Board oz Trustees hereby authorizes the TOWN to <br />sign a security interest in such ass~ssment revenues in zavor of <br />the STATE to secure this repayment, and <br /> <br />F. That this ordinance shall be irrepealable until this loan <br />is fully discharged. <br /> <br />INTRODUCED AND READ ON FIRST READING THIS 7th day of November, <br />1994. <br /> <br />. \i \ ~ l .., <br />/ ~~...., ~... . <br />i '".::> ,',.-- <br />.".....o' .....,. <br />'. ~:\~'1 &T <br />'.-: .... ~ <br />'. _. <br />'. '" CJ..JA ~ <br />.,," . <br />, ~J;erk/Treasurer <br /> <br />TOWN OF J <br />By: <br /> <br /> <br />/' <br /> <br />HEAD AND ADOPTED ON SECOND READING TH1S 5th day of December, 1994. <br /> <br />~h~~;"~;~~"~ T <br />'. .'; '''t,~. /" 't-. 4 <br />. . ~... ',._,.... /' <br />.,-;' ~ ('~" <br />. ~. <br />". -:::.\. et-::tT~.easup:~r <br />", '" <br />.~, <br /> <br />TO~N OF J(:.HNSTr:;:! ~ <br />By. At <br />Mayor <br /> <br />ApPENDIX 2 TO CONTRACT #C 1 53719 <br />