The town hereby establishes the enterprise as an agency of the town and formally designates it as the “Town of La Jara, Colorado, Water Activity Enterprise”. It shall be the purpose of the Enterprise to pursue or continue all the town’s water activities as defined in the Act, including water acquisition or water project or facility activities, including the construction, operation, repair and replacement of water or wastewater facilities, using revenues and income generated by and earned or acquired in connection with such water activities and held and managed in the town’s Water Enterprise Fund. As between the town and the Enterprise, all water activities will be deemed done and furnished by the Enterprise.
(Ord. 1993-2, passed 12-9-1993)