Resolution 2020-83 - Laserfiche WebLink

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five-year rolling average (except in the first five years of the Operating Reserve Fund's existence, during which time the WGFP Enterprise will estimate based on available information) and taking into consideration the WGFP Enterprise's reasonable expectations as to future Operating C&E. 1.21. "Prepositioned C-BT Project Water" means C-BT Project Water stored in Chimney Hollow Reservoir pursuant to the Carriage Contract. 1.22. "Prepositioned Windy Gap Project Water" means Windy Gap Project Water stored in Chimney Hollow Reservoir as the result of C-BT Prepositioning pursuant to the Carriage Contract. 1.23. "Subdistrict" means the Municipal Subdistrict, Northern Colorado Water Conservancy District, a quasi -municipal entity and political subdivision of the State of Colorado created under and having the powers provided in the Water Conservancy Act, C.R.S. §§ 37-45-101 et seq. 1.24. "Water Year" means the period from October 1 of one calendar year through September 30 of the next succeeding calendar year. 1.25. "WGFP Allotment" means the quantity of capacity in the WGFP, expressed in "WGFP Units," granted to Louisville by this Contract, or if the context requires, granted to each WGFP Allottee by WGFP Allotment Contracts. Each WGFP Allottee's WGFP Allotment is shown in Exhibit A. A WGFP Allotment does not include an allotment of Windy Gap Project Water, which is granted by the Subdistrict in separate Windy Gap Project allotment contracts. 1.26. "WGFP Allotment Contract" means any contract between the WGFP Enterprise and a WGFP Allottee for a WGFP Allotment, including this Contract if the context requires. 1.27. "WGFP Allottee" means each entity that holds a WGFP Allotment pursuant to a WGFP Allotment Contract, including Louisville. Exhibit A lists all current WGFP Allottees. 1.27.1. "Cash Allottee" means a WGFP Allottee that, under Section 6.2, satisfies all or a portion of its Capital C&E Funding Obligations through Capital C&E Funding Cash Payments pursuant to Section 7. A WGFP Allottee is a Cash Allotee to the extent that it satisfies its Capital C&E Funding Obligation through Capital C&E Funding Cash Payments, and then only for the term of any payments of Capital C&E using proceeds from Capital C&E Funding Cash Payments made by such WGFP Allottee. 1.27.2. "Loan Allottee" means a WGFP Allottee that, under Section 6.2, satisfies all or a portion of its Capital C&E Funding Obligation through participation in a WGFP Financing pursuant to Section 8. A WGFP Allottee is a Loan Allottee to the extent that it satisfies its Capital C&E Funding Obligation through participation in WGFP Financing, and then only during the term of such WGFP Financing. 5