PROJC00778

• Contract/PO #: C153568
• Contractor Name: Coon Creek Reservoir & Ditch Company
• Contract Type: Loan
• Water District: 72
• County: Mesa
• Bill Number: SB 89-85
• Loan Projects - Doc Type: Contract Documents

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RESOLUTION OF THE
BOARD OF DIRECTORS OF THE
COON CREEK RESERVOIR & DITCH COMPANY

A special, meet~ng of the Board of ~~.J:rss--9f the Coon
Creek ReservoJ.r & DJ.tch Company was held ~'''' <C~ r'/-" .
All directors were present, and notice of the meeting was
wai ved. Following full discussion, the Board of Directors of
the Coon Creek Reservoir & Ditch Company adopted the following
resolutions:

BE IT RESOLVED that the Board of Directors hereby authorizes
the Coon Creek Reservoir & Ditch Company to contract with the
Department of Natural Resources, Colorado Water Conservation
Board for a loan in the amount of $55,000.00 pursuant to that
certain contract previously approved by the special meeting of
the shareholders of the corporation held July 15, 1989.

BE IT FURTHER RESOLVED that the President and Secretary are
hereby authorized to pay said indebtedness in accordance with
its terms.

BE IT FURTHER RESOLVED that the corporation is hereby
authorized: To enter into said contract; to levy assessments
sufficient to payoff said contract loan pursuant to its terms
and to discharge said lawful indebtedness; to set aside said
assessment revenue in a special fund separate and apart from
other contract or revenues to assure repayment of said revenue
to the State; and to sign a security interest in such assessment
revenues in favor of the State to secure repayment.

These resolutions are executed in five original copies this
'? b day of September, 1989, by a unanimous vote at a special
meeting of the Board of Directors of the Coon Creek Reservoir &
Ditch Company.

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President . '_.,.......,
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ATTEST:

R(k,u,:t.'~

Secretary

EXHIBIT A