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Home My WebLink AboutRESOLUTION 15-95-RESOLUTION#15-95ExhibitARESOLUTIONDATEDMAYn,1995OFTHEGOVERNINGBODYOFTOWNOFESTESPARKWHEREAS,thegoverningbodyofTownofEstesPark(the“Municipality”)desirethattheMunicipalityenterintoaMasterTax-ExemptLeasePurchaseAgreementandEquipmentScheduleNo.01thereto(collectively,the“Lease”),insubstantiallytheformattachedhereto,withKeyCorpLeasingLtd.,aslessor,forthepurposeofobtainingtheequipmentdescribedtherein(the“Equipment”);NOW,THEREFORE,BEITRESOLVED,that(i)theexecutionanddeliveryoftheLeasebytheMunicipalityandthefinancingoftheacquisitionoftheEquipmentareherebyauthorized,approved,ratifiedandconfirmedinallrespects,(ii)theMunicipalityisherebyauthorizedandempoweredtoenterintotheLeaseandsuchotherdocumentsasmaybenecessary,advisable,orproper,inconnectionwiththeabovetransaction(theLeaseDocumentation’t),and(iii)theAuthorizedOfficers(asdefinedbelow)areauthorizedandempoweredtonegotiateandenterintotheLeaseDocumentation,andbeit;FURTHERRESOLVED,that,pursuanttoSection265(b)(3)(B)(ii)oftheInternalRevenueCodeof1986(theCode),theMunicipalityherebyspecificallydesignatestheLeaseandEquipmentScheduleNo.01theretoasa“qualifiedtax-exemptobligation”forpurposesofSection265(b)(3)oftheCode.IncompliancewithSection265(b)(3)(D)oftheCode,theMunicipalityherebyrepresentsthattheMunicipalitywillnotdesignatemorethan$10,000,000ofobligationsissuedbytheMunicipalityinthecalendaryearduring‘whichtheLeaseisexecutedanddeliveredassuchqualifiedtax-exemptobligations”.FURTHERRESOLVED,that,incompliancewiththerequirementsofSection265(b)(3)(C)oftheCode,theMunicipalityherebyrepresentsthattheMunicipality(includingall“subordinateentities”oftheMunicipalitywithinthemeaningofSection265(b)(3)(E)oftheCode)reasonablyanticipatesnottoissueinthecalendaryearduringwhichtheLeaseandEquipmentScheduleNo.01areexecutedanddelivered,obligationsbearinginterestexemptfromfederalincometaxationundertheCode.FURTHERRESXE&1ecRtH.B.DannQlsMayoroftheMunicipality,andVickie0‘QonnoroftheMunicipality(hereinthe“AuthorizedOfficers”)be,andherebyare,authorizedtoexecuteanddelivertheLeaseDocumentation,togetherwithanyandallcertificates,documents,instrumentsorotherpapersasmaybenecessaryordesirableinordertoconsummatethetransactionsthereincontemplated,andthatallactionsheretoforetakenortakenhereinafterbytheAuthorizedOfficersinfurtheranceoftheactionshereinauthorizedareratified,confirmed,adoptedandapprovedinallrespects.94.144(Rev.01/94) C)0ExhibitBINCUMBENCYCERTIFICATESignature:t:4’‘9Name:Office:SusanL.DoylenTrusteeH.B.flannelsRobertL.DekkerWilliamJ.MarshallMayorMayorProTemTrusteeStephenW.GilletteMichaelE.MillerTrusteeTrusteea94-141(Rcv01:94)