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<br />'....., "\ <br />, <br /> <br />-- <br /> <br />FURTHERMORE, the Norwood Water Co~~ission (COMMISSION) concerning <br />a supplemental loan in the amount of $630,000 (LOAN) from the State <br />of Colorado Water Conservation Board (STATE), for the purpose of <br />designing and building a 92 acre-foot reservoir, for a total amount <br />to be borrowed of $950,000. The following is hereby approved <br />pursuant to the Norwood Water Corr~ission Resolution #0627, Series <br />1995 being certified and adopted. <br /> <br />RESOLVED, that the TOWN and the COMMISSION is authorized to <br />enter into and to comply with all the terms of the contract, as <br />amended, with the STATE; <br /> <br />RESOLVED, that the COMMISSION shall fix and collect water user <br />charges and fees sufficient to payoff the LOAN, and shall set <br />aside the revenues collected for such charges and fees in a special <br />account, separate and apart from other revenues of the COMMISSION, <br />in an amount suffient to pay each of the annual installments of the <br />LOAN; <br /> <br />RESOLVED, that the TOWN and the COMMISSION shall convey a <br />security interest in the revenues pledged to secure payment to the <br />STATE; <br /> <br />NOW THEREFORE BE IT RESOLVED, that I, RALPH J. WEAVER, <br />Chairman of the Water Commission of Norwood, Colorado do hereby <br />certify that pursuant to adopted Resolution #0627, Series 1995, the <br />above was adopted by the Commission by a vote of ~ to ~ at a <br />meeting held on the twenty seventh of June, 1995. <br /> <br />Those voting yes and certifying the question were as follows: <br /> <br />M.J. Cadge~er Commissioner NO <br /> <br />Gale Ragsdale, Commissioner NO <br /> <br />June S. Estep, Corrmissio~er <br /> <br /> <br />Robert McKeever, Commissic~er ~p~ <br /> <br />Marsha ~~est, Com;nissio;-~er <br /> <br />~' <br />, Ra h <br />Attest~(l.Q ,Clerk <br />