Grand Mesa Water Conservancy District Ballot Question 5A

Shall the Grand Mesa Water Conservancy District debt be increased up to $200,000 with a repayment cost of up to $270,000, but with no increase in district taxes, for the purposes of providing adequate supplies of water for domestic and agricultural use, stabilizing and increasing in-stream water flows, and promoting general water conservation and enhancement purposes by financing the costs of securing additional water supplies, acquiring, reclaiming and improving sites for water storage, improving water distribution systems, such debt to consist of the issuance of bonds or other multiple fiscal year obligations to be paid from legally available revenues of the district, which bonds or obligations shall bear interest at a maximum net effective interest rate not to exceed 3.0% per annum, and be issued at such time or times, at such prices (at, above or below par) and in such manner containing such terms, not inconsistent herewith, as the board of directors may determine, and shall any earnings on the investment o the proceeds of such bonds or obligations (regardless of amount) constitute a voter-approved revenue change within the meaning of Article X, Section 20 of the Colorado Constitution?


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