Ordinance 1994-1167 - Laserfiche WebLink

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NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF LOUISVILLE, COLORADO: Section 1. Definitions. As used in this ordinance, unless the context otherwise requires: ( a) "Grant" means the cash payment of public funds made directly to a municipal activity enterprise by the state or a local governmental entity or district, including the City of Louisville, which cash payment is not required to be repaid. "Grant" does not include public funds paid or advanced to a municipal activity enterprise by the state or local governmental entity or district, including the City of Louisville, in exchange for an agreement by a municipal activity enterprise to provide service including the provision of water, the capacity of project works, materials, or other water activities; nor does "grant" include refunds made in the current or next fiscal year, gifts, any payments directly or indirectly from federal funds or earnings on federal funds, collections from another government, pension contributions by employees and pension fund earnings, reserve transfers or expenditures, damage awards, or property sales. (b) "Water activity" includes but is not limited to the diversion, storage, carriage, delivery, distribution, collection, treatment, use, reuse, augmentation, exchange, or discharge of water and includes the provision of wholesale or retail water services and the acquisition of water or water rights. (c) "Water Activity Enterprise" means that water activity business wholly owned by the City of Louisville which receives under ten percent of its annual revenues in grants from all Colorado state and local governments combined and which is authorized to issue its own revenue bonds pursuant to this ordinance or any other applicable law. (d) "District" shall have the meaning set forth in Section 37-45.1-102, C.R.S., as amended. Section 2. Establishment of Enterprise. There is hereby recognized, established and designated the "City of Louisville Water Activity Enterprise" (the "Enterprise"). The Enterprise shall consist of the business represented by all of the City's water facilities and properties, now owned or hereafter acquired, whether situated within or without the City boundaries, including all present or future improvements, extensions, enlargements, betterment, replacements, or additions thereof or thereto. The monies in the City's water fund shall constitute the funds of the Enterprise. The Enterprise shall have all of the authority, powers, rights, obligations, and duties as may be provided or permitted by the laws of the State, and the Colorado Constitution, and as may be further prescribed by ordinance or resolution of the City. 2