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HomeMy WebLinkAbout 19-17 St Vrain Water AuthorityRESOLUTION N0.19-17 A RESOLUTION OF THE BOARD OF TRUSTEES OF THE TOWN OF FIRESTONE APPROVING THE ST. VRAIN WATER AUTHORITY ESTABLISHING CONTRACT BY AND BETWEEN THE TOWN OF FIRESTONE AND THE LITTLE THOMPSON WATER DISTRICT PURSUANT TO C.R.S. § 294-204.2, et. seq. WHEREAS, the Town of Firestone ("Firestone") and the Little Thompson Water District ("LTWD") are authorized by the provision of C.R.S. §29-1-204.2, et seq., to establish a water authority to be used to effect the development of water resources, systems and facilities, for use, in whole or in part, to benefit of the inhabitants and service users of the contracting parties or others at the discretion of the board of directors of the authority; and WHEREAS, Firestone desires to enter into an establishing contract with LTWD for the establishment of the St. Vrain Water Authority, as further described in the St. Vrain Water Authority Establishing Contract (the "Establishing Contract") attached hereto; and WHEREAS, Firestone wishes to appoint four initial Directors as described in the Establishing Contract, NOW, THERFORE, BE IT RESOLVED BY THE BOARD OF TRUSTEES OF THE TOWN OF FIRESTONE, COLORADO Section 1. The proposed Establishing Contract between the Town of Firestone and Little Thompson Water District for the establishment of the St. Vrain Water Authority (the "Authority") is hereby approved in essentially the same form as the copy of such Establishing Contract accompanying and made a part of this Resolution. Section 2. The Mayor is hereby authorized to execute the Establishing Contract on behalf of the Town, except that the Mayor, and/or the Town Manager on the Mayor's behalf is hereby granted the authority to negotiate and approve such revisions to the Establishing Contract as necessary or desirable for the protection of the Town, so long as the essential terms and conditions of the Establishing Contract are not altered. Section 3. Pursuant to Article 3.1.1.1. of the Establishing Contract, Firestone is authorized to appoint four initial Directors to the Board of Directors for the Authority. The Board of Trustees hereby appoints Frank A. Jimenez, David Lindsay, Julie Pasillas and Julie Svaldi to act as initial Directors of the Authority. The Board of Trustees reserves the right to remove any of those Directors hereby appointed at any time with or without cause and appoint a replacement for such Director. Section 4. Any obligations expressed in the Establishing Contract are subject to and conditioned upon execution of the Establishing Contract by LTWD. PASSED AND ADOPTED THIS 24th DAY OF APRIL, 2019 ATTEST: TOWN OF FIRESTONE, COLORADO Bdbbi Sindelar, Mayor STOl .: TOWN iO m . �d ::' f 0 � UIVTY .Goy Leah Vanarsdall, Town Clerk APPROVED AS TO FORM: yashi, Town Attarney