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RESOLUTION 12-07
00RESOLUTIONNO.12-07ARESOLUTIONOFTHEBOARDOFTRUSTEESOFTHETOWNOFESTESPARK,ACTINGBYANDTHROUGHITSWATERACTIVITYENTERPRISE,DECLARINGITSOFFICIALINTENTTOREIMBURSETHETOWN,ACTINGBYANDTHROUGHTHEENTERPRISE,WITHTHEPROCEEDSOFAFUTUREBORROWINGFORCERTAINCAPITALEXPENDITURESTOBEUNDERTAKENBYTHETOWN,ACTINGBYANDTHROUGHTHEENTERPRISE;IDENTIFYINGSAIDCAPITALEXPENDITURESANDTHEFUNDTOBEUSEDFORSUCHPAYMENT;ANDPROVIDINGCERTAINOTHERMATTERSINCONNECTIONTHEREWITH.WHEREAS,theTownofEstesPark(the“Town’),intheCountyofLarimerandStateofColorado(the“State”),isapoliticalsubdivisiondulyorganizedandexistingpursuanttotheconstitutionandlawsoftheState;andWHEREAS,theTownhasformallyestablishedtheTownofEstesPark,WaterActivityEnterprise(the“Enterprise”),pursuanttoArticleX,Section20oftheColoradoConstitutionandpart1ofarticle45.1oftitle37,ColoradoRevisedStatutes,andpursuanttoOrdinanceNo.8-99oftheBoardofTrusteesoftheTown;andWHEREAS,theBoardofTrusteesoftheTown(the“Board”)isthegoverningbodyoftheEnterprise;andWHEREAS,theBoardhasdeterminedthatitisinthebestinterestoftheTowntomakecertaincapitalexpenditurestotheworksandfacilitiesoperatedbytheEnterprise,including,butnotlimitedto,theupgradingandexpansionoftheexistingMary’sLakeWaterTreatmentFacility(collectively,the“Project”);andWHEREAS,theBoardhasbeenincontactwiththeColoradoWaterResourcesandPowerDevelopmentAuthority(the“Authority”)regardingtheavailabilityofaloanfromtheAuthoritytoberepresentedbyagovernmentalagencybondtobeissuedtotheAuthority;andWHEREAS,theBoardcurrentlyintendsandreasonablyexpectstoissueitsbondsorotherobligationstofinancetheProject,includinganamountwhichiscurrentlyestimatednottoexceedS5,500,000(the“FinancedAmount”),toreimbursetheTown,actingbyandthroughtheEnterprise,fortheportionofthecostoftheProject(the“ReimbursableExpenditures”)incurredsubsequenttoaperiodcommencingsixty(60)dayspriortothedatehereof,butbeforesuchissuance,andendingpriortothelaterofeighteen(18)monthsofthedateoftheReimbursableExpendituresforortheplacinginserviceoftheProject(butinnoeventmorethanthree(3)yearsafterthedateoftheoriginalexpenditureofsuchmoneys);and1 00WHEREAStheBoardherebydesirestodeclareitsofficialintent,pursuantto§1.150-2oftheTreasuryRegulationspromulgatedundertheInternalRevenueCodeof1986,asamended,toreimbursetheTown,actingbyandthroughtheEnterprise,forReimbursableExpenditureswiththeproceedsofafutureissuanceofbondsorotherobligationsoftheTown,actingbyandthroughtheEnterprise.NOW,THEREFORE,BEITRESOLVEDBYTHEBOARDOFTRUSTEESOFTHETOWNOFESTESPARK,COLORADO,ACTINGASTHEGOVERNINGBODYOFITSWATERACTIVITYENTERPRISE,that:Section1.DeclarationofOfficialIntent.Theforegoingrecitalsaretrueandcorrect.TheTown,actingbythethroughtheEnterprise,presentlyintendsandreasonablyexpectstofinancealloraportionofthecostoftheProjectfromtheissuanceofbondsorotherobligations.Section2.DatesofCapitalExpenditureaAlloftheReimbursableExpenditurescoveredbythisResolutionereorwillbemadeonandafterthedatewhichissixty(60)dayspriortotheeffectivedateofthisResolution.Section3.IssuanceofBondsorNotes.TheTown,actingbyandthroughtheEnterprise,presentlyintendsandreasonablyexpectstoissueitsbondsorotherobligationswithineighteen(18)monthsofthedateoftheexpenditureofmoneysontheProjectorthedateuponwhichtheProjectisplacedinservice,whicheverislater(butinnoeventmorethanthree(3)yearsafterthedateoftheoriginalexpenditureofsuchmoneys),andtoallocatefromsaidborrowinganamountnottoexceedtheFinancedAmounttoreimbursetheTown,actingbyandthroughtheEnterprise,fortheReimbursableExpendituresinconnectionwiththeProject.Section4.ConfirmationofPriorActs.ThisisthefirstresolutionoftheBoarddeclaringitsintenttoreimbursetheTown,actingbyandthroughtheEnterprise,fortheReimbursableExpendituresfromproceedsofaborrowing.Allprioractsanddoingsoftheofficials,agentsandemployeesoftheTownandtheEnterprisewhichareinconformitywiththepurposeandintentofthisResolution,andinfurtheranceoftheProject,shallbeandthesameherebyareinallrespectsratified,approvedandconfirmed.Section5.EffectiveDateofResolution.ThisResolutionshalltakeeffectimmediatelyuponitspassage.PASSEDANDADOPTEDataregularmeetingthis3°dayof2007.2 TOWNOFWATERACTIVITYESTESPARK,ENTERPRISECOLORADO,ACTINGaSBYANDTHROUGHa,,MByITSJohnBaudek,Mayor]TjwnClerk3 00 0ProofofPublicationCSTATEOFCOLORADOCOUNTYOFLARIMERBillFergusonBeingdulysworn,deposesandsays:I.ThatheisDiepublisheroftheEstesParkTrail-Gazelle,asemi-weeklynewspaperprintedandpublishedintheTrnntofEstesPark,CountyofLarimerandStateofColorado.2.ThatthesaidEstesParkTrail-Gazelleisprintedandpublishedatregularintervals,twotimeseachweek,WednesdayandFriday,andthatithasageneralcirculationintheCountyofLarimer,andelsewhere.3.ThatthesaidEstesParkTrail-Gazettewasestablishedandhasbeenprintedandpublishedinsaidcountyunthtcmiptedlyandcontinuouslyduringaperiodofatleastfifty-twoconsecutiveweekspriortothefirstissuethereofcontainingsaidNoticeofResolutionNo.1147/IntentiontoAnnex“KosewickAddition”ITownofEstesParkAcopyofwhichishereuntoattached.4.ThattheEstesParkTrail-Gazetteisasemi-weeklynewspaperofgeneralcirculation,andisprintedandpublishedinwholeorpadinthesaidTownofEstesParkandCountyofLarimerinwhichsaidNoticeofResolutionNo.11-07IIntentiontoAnnex“KosewickAddition”!TownofEstesParkisrequiredbylawtobepublished,acopyofwhichishereuntoattached.5.ThatthesaidEstesParkTrail-Gazetteisasemi-weeklynewspaperwithinthemeaningofanactconcerningLegalNoticesandAdvertisementsbeingChapter109oftheColoradoRevisedStatutesof1953.6.ThatthesaidannexedNoticeofResolutionNo.1147/IntentiontoAnnex“KosewickAddition”!TownofEstesParkwaspublishedintheregularandentireeditionoftheEsiesParkTrail-Gazette,adulyqualifiedpaperforthatpurpose,withindietermsandmeaningsoftheabovenamedacts.7.ThatdiesaidannexedNoticeofResolutionNo.1147/IntentiontoAnnex“KosewickAddition”ITownofEstesParkisafull.trueandcorrectcopyoftheoriginalwhichwasregularlypublishedineachoftheregniarandentireissuesofsaidnewspaper.alegallyqualifiedpaperforthatpurpose.onceeachweek,onthesamedayofeachweekforfour(4)weeks.byfour(4)insertionsandthatthefirstpublicationthereofwasintheissuedatedOctober26,2007andthatthelastpublicationwasinDieissuedatcdNovember16,2007.V(PubeShedhitheTra.:-GazehaonFri.,Oct,2007:FrI.,Nov.2,2007FriNov9,2007;NCFri.,Nov16,2007.)NOTICEOnOctober23.2007,trwBawd&Tn,eteesoftheTownofEstesPark.CduadO,passedthefollowingResolulion:RESOLUTIONNO.thDZBEITRESOLVEDBYTHEBOARDOFThUSTEESOFTHETOWNOFESTESPARK,COLORADO-ThattheBoardofTrusteesoftheTownofEsteePerk.Colorado,1accordancewithSac’ban31-12.107.cR5..herecystatesItsInter,liontoanontheeisadescribedhareM.TheBoardofTnistaeehadaNCdeininesthat11wPetitionbledwiththeTownClerkrequestingannexationoftheareedescribedhereinIsinsubslentielcompliancewithSection31.12-lOTtiNg),c.ns.TheBoardofTrusteesfurtherrmdsenddeterminesthatthePetitionissignedbypersonscomprisingonehundredpercent(100%)ofthelandownersintheareaproposedtobeannexedandowningonehundredpercent(100%)ofthearea,exdudtngpublicstreetsandallays.endanylandownedbytheannexingmunicipality.Sucharea,Ifannexed,willbeknownas‘ICDSEWCKADDITION’totheTownofEstasPark.Colorado.SuchareaIsdescribedasfollows.AtractoflandlocatedintheNortheast14oftheNortheast4ofSection35,TownshIp5North,Range73Westofthe6thP.M.,LamerCounty,Colorado,moreparticularlydescdbedasmmendngattheNorthwestcorneroftheNorth’east14oftheNortheast1(4ofsaidSection,wIthWIbearingsrelativetotheWestfineoftheNortheast14ofTh.NorTheast14ofsaidSection,nonumentedontheNorthsidebya314”brasscapona214’pIpeLS15760andontheSouthsidebya34’brasscapona2‘.4’pipeLS15760,consideredasbearingND1’48’4n’E;thenceSol’48’48’W313.35’alongsaidWestlinetotheTruePointofBeginning;thenceS78’06’21’E51.46’;thenceS7734’3tE148.49’toapoInton•theWesterlyRlght’of’WayofRwersldeDrive;thenceN73’31’59’E53.19’toapointontheIerIyRlght-of’WayofRiversidebrive;thenceNItewIngsix4JrasaalongtheSouthnstetly-t’&’WayofRiversideDrive;815’30t6’E12734’;thenceS14’69’2TE128.41;thenceS0V50’36’E9.88’;thenceSlSqO’22’W:12’;thenceS59’40’t3W303,68’;thencefl14’W47.67thaplasticcapiS#53204,a#4rebar;thenceNOrgrag’E69.21’totheNorthwesterlyRight-of-WayofRiversideDriveandapoIntonsaidWestline;thenceN01’48’4tE558.66’slcrgsaidWesttnetotheTruePointofBeginning,countyofLarimer.SlateofColorado.ConlaMlog3.474Auoe.ITISFURTHERRESOLVED,thatloe’dancewithSedl31-12-lOG.CR5.,theTownBoardPubicHeertogehelbehaldTuesday,Now.ra2r.2007M700pJm,hitheMLrnpalBuilding,locatedat170MacGregorAve.,EsteePark,Colorado.forthepurposeofdeteriofnkig11theproposedarwiexadonconipileewIththeepplicatlepm.isicrieofSections31.12-104and31-12-105.cR5.ITISFURTHERRESOLVED,thattheTownClericteagfvethenoofthehearingespro’videdInSection31-12-108(2),CR5.DATEDtile23rddayofOctober,2007.‘(OWNOfESTESPAC1WJthlBaudek.MayorArrEST:1WJackIeWilliamson,TownClerkCPAXLPMyCommissionExpires01/10/2011sworntomes‘yofDecember,2007