Blue Mountain Water District Ballot Issue 6A
Shall Blue Mountain Water District debt be increased up to $800,000, with a maximum repayment cost of up to $1.2 million, but with no additional tax authorization, such debt to consist of a loan agreement or other multiple fiscal year obligation entered into with a state authority for the purpose of paying, reimbursing, or financing all or a part of the costs of constructing a 100,000 gallon water storage tank to provide fire and emergency storage for the district's distribution system, replacing pumps and meters and completing other minor miscellaneous system improvements, with such debt to be paid from the fees and charges derived from the operation of the district's water system and other legally available revenues, to bear interest at a maximum net effective interest rate not to exceed 3.5% per annum and to be issued at such time, in such manner and containing such terms, not inconsistent herewith, as the board of directors may determine?_______The Blue Mountain Water District was established in 1977 to serve the needs of residents in Blue Mountain Estates.Blue Mountain Water District, P.O. Box 16789, Golden CO 80402303-460-0688 / Bluemountainwaterdist@gmail.com
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