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RESOLUTION NO. 32 <br />SERIES 2024 <br />A RESOLUTION APPROVING A FINANCING OPTION IN CONNECTION WITH THE <br />WINDY GAP PROJECT <br />WHEREAS, the City is party to an Allotment Contract concerning the Windy Gap <br />Firming Project, which is also known as the Chimney Hollow Reservoir Project (the <br />"Project"); and <br />WHEREAS, the City was notified by the Windy Gap Firming Project Water Activity <br />Enterprise of a need to incur Completion C&E for the Project; and <br />WHEREAS, the City's share of such costs is $2,068,194, and the City has the option <br />to make a full cash payment for its share or to participate in additional financing; and <br />WHEREAS, the City Council, by this resolution desires to choose the financing option <br />to pay for City's share of the Completion C&E costs for the Project. <br />NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY <br />OF LOUISVILLE, COLORADO: <br />1. The Notice to WGFP Allottees of Need to Incur Completion C&E (the "Notice") <br />is hereby approved in essentially the same form as the copy of such Notice accompanying <br />this Resolution, indicating the City's decision to select the financing option to fund the City's <br />share of Completion C&E costs. <br />2. The Mayor is authorized to execute such Notice, and the Mayor, City Manager <br />and City Staff are further authorized to do all things necessary on behalf of the City to <br />perform the obligations of the City under such Notice. <br />PASSED AND ADOPTED this 6th day of August, 2024. <br />ATTEST: <br />Meredyth Muth, City Clerk <br />ifrt 14_ <br />Christop`'hdr M. Leh, Mayor <br />Resolution No. 32, Series 2024 <br />Page 1 of 1 <br />