Ordinance 2002-1399 - Laserfiche WebLink

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ORDINANCE NO. 1399 SERIES 2002 AN ORDINANCE APPROVING AND AUTHORIZING AN ALLOTMENT CONTRACT FOR AN ALLOTMENT OF WINDY GAP WATER UNITS WHEREAS, the City, acting by and through the City of Louisville Water Activity Enterprise ("City"), has entered into an agreement with the Superior Metropolitan District No. 1 for the City's acquisition of six units of water in the Windy Gap Project of the Municipal Subdistrict of the Northern Colorado Water Conservancy District ("Subdistrict"); and WHEREAS, the City has petitioned the Subdistrict for an Allotment Contract for such six units of Windy Gap water to be issued to the City in the event of the purchase of such units from the Superior Metropolitan District No. 1; and WHEREAS, the Subdistrict and petition for an Allotment Contract require that the City adopt an ordinance authorizing such Contract and setting forth that the City agrees to be bound by such Allotment Contract. NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF LOUISVILLE, COLORADO: Section 1. The proposed Water Allotment Contract No. 1 for allotment of Six Units of Windy Gap Project water from the Municipal Subdistrict of the Northern Colorado Water Conservancy District ("Subdistrict") is hereby approved in essentially the same form as the copy of such Allotment Contract accompanying this Ordinance. Section 2. The Mayor and City Clerk, each of whom has been duly elected and qualified are authorized to execute the Allotment Contract on behalf of the City. The Mayor is further hereby granted the authority to negotiate and approve such revisions to said Allotment Contract as the Mayor determines are necessary or desirable for the protection of the City, so long as the essential terms and conditions of the Allotment Contract are not altered. Section 3. The Mayor, City Clerk, City Manager and City Staff are further authorized to do all things necessary on behalf of the City to perform the obligations of the City under the Allotment Contract and the petition to the Subdistrict therefor, and to execute and deliver any and all documents necessary to effect the contemplated allotment of the Six Units of Windy Gap Project water under the terms and conditions of said Allotment Contract, including but not limited to such documents as may be required by the Subdistrict. Section 4. The City shall make annual payments as defined in Article 5 of the Allotment Contract and shall be bound by the Allotment Contract upon its execution. 1