(A) The Board of Trustees finds and determines that it will provide wastewater facilities and services by means of the town’s wastewater activity enterprise in conformity with all applicable state laws.
(B) The Board of Trustees further:
(1) Recognizes and confirms that the Enterprise is an “enterprise” within the meaning of the TABOR; and
(2) Declares its intent that the Enterprise be operated and maintained so as to exclude its activities from the application of TABOR.
(C) Therefore, the Board of Trustees creates the “Town of Haxtun, Colorado, Wastewater Activity Enterprise”. The Board of Trustees shall take all actions on behalf of the Enterprise as hereinafter further provided.
(Ord. 4-2006, Series 2006, passed 11-30-2006)