RESOLUTION NO. 20221011-02

RESOLUTION  OF THE BOARD OF DIRECTORS OF

NORTH WELD COUNTY WATER DISTRICT

RESOLUTION IN SUPPORT OF BALLOT ISSUE 7A                                                         

WHEREAS, North Weld County Water District (the “District”) was organized pursuant to §§ 32-1-101 et seq., C.R.S. (the “Special District Act”) is a quasi-municipal corporation and political subdivision of the State of Colorado; and

WHEREAS, the District was organized for the purpose of providing certain improvements, facilities and services to and for the use and benefit of the District, its residents, customer, users, property owners, and the public at large; and

WHEREAS, by Resolution 20220829-01, the Board referred to the voters an issue that would allow the District to impose an ad valorem property tax of 5 mills in order to pay for operations and maintenance expenses of the District; and

WHEREAS, both Larimer and Weld counties have designated the measure Ballot Issue 7A (the “Ballot Issue”); and

WHEREAS, the District has only ever had the ability to generate revenues for operations and maintenance of the District’s water system and for capital improvements from customer fees, including water rates; and

WHEREAS, in order to ensure that current customers continue to receive high-quality water services, the District needs to make significant investments in infrastructure; and

WHEREAS, the Board anticipates needing to increase water rates by a minimum of 7% each year for the next 10 years in order to finance the necessary improvements in infrastructure; and

WHEREAS, the Ballot Issue is intended to allow the District to generate revenues that will make funds available to make immediate investments in infrastructure to help avoid breakdown in the water system; and

WHEREAS, the Board believes that the additional revenues generated by the Ballot Issue would allow the District to keep water rates at a lower rate; and

WHEREAS, the Board of Directors believes voting in favor of the Ballot Issue is in the best interest of the District, its customers, users, and property owners; and

WHEREAS, the District desires to encourage all registered electors to vote in favor of Ballot Issue 7A at the coordinated election held on Tuesday, November 8, 2022.

NOW, THEREFORE, be it resolved by the Board of Directors of North Weld County Water District as follows:

The Board of Directors of the District encourages all registered electors to vote in favor of Ballot Issue 7A the coordinated election scheduled for November 8, 2022.