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<br /> <br />. ANDERSON - RASMUSSEN - DI~~~uW~[Q) <br />AUG 2 2 1996 <br /> <br />CERTIFIED PUBLIC ACCOUNTANTS <br />PREMIERe BUILOING <br />825 DELAWARE AVENUE, SUITE P-2D3 <br />LONGMONT, COLORADO e05D1 <br /> <br />OFFICE OF THE <br />NA~~Q~1iiEMm\.17..2-D621 <br />U~~~9-7172 <br />FAX 13D3J 772-0646 <br /> <br />STEVEN C. ANOERSON, C.P.A. <br />LUTHER RASMUSSEN, C.PA <br />RAYMOND E. DERR, C.P.A. <br /> <br />PARITY CBRTIFICATE <br /> <br />The undersigned, pursuant to Exhibit F to the Loan Agreement, dated as <br />of February I, 1996, (the- "Loan Ag:r:-eernentll) 1 between the Colora.do Water <br />Resources and Power Development A\'!thority and the Town of Johnstm.m, <br />Colo,'ado (the "Town"), acting by and through the Town of Johnstown, <br />Colorado, Water Activity Enterprise (the "Enterprise")executed and <br />delivered in connection with the issuance by the Town and through the <br />Enterprise, hereby certifies in connection with the executio~ and <br />delivery of the Loan Contract and Promissory Note, dated February Ij <br />1996, (the "Contract") 1 by and between the State of Colorado, for the <br />use and benefit of .the Colorado W~ter Resources and Power Development <br />Authority, the City and the Ente;rprise in the principal amount of <br />$1,785,000, that: <br /> <br />1. The undersigned is an independent firm of certified public <br />accountants. <br /> <br />2. The revenues of the System (as defined in the Loan Agreement), <br />exclusive of connection fees, after payment of all expenses of <br />operating and maintaining the System, for the 12 consecutive month <br />period ended August 1, 1996, increased to reflect the revenues that <br />would have been received by the TO\'.i"I1 if the adjustment in rates <br />made by Ordi~ance of the Town adopted on February 5, 1996, <br />effect.ive February I, 1996, had been in effect. throughout said <br />period, would be $213,380. <br /> <br />3. The combined maximum annual debt service requirement of all <br />outstanding obligations of the Town or the" Enterprise having <br />a lien on the Pledged Property (as defined in the Loan Agreement) <br />on a parity with or senior to the lien thereon of the Contract, <br />are $176,861. <br /> <br />IN NITNESS NHEREOF, the undersigIled bas hereunto set :i..:.s h<J..nd LLls 20th <br /> <br /> <br />tt=:?~~ PC <br /> <br />l\l'IDEFSm-r n..i~$MU~-;SEN-.DERR, PC <br />Certi::::.e'=. P'..:bli:~' Accountants <br />by ~;:_E.l!r.1o::d :2:. De'l.-r I CPA <br />