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Home My WebLink AboutRESOLUTION 52-20RESOLUTION52-20ARESOLUTIONAPPROVINGANAGREEMENTWITHTHEESTESPARKHOUSINGAUTHORITYFORWATERFEESFORTHEPEAKVIEWAPARTMENTSWHEREAS,theEstesParkHousingAuthority(EPHA)hasrequested,andtheTownofEstesParkdesirestoprovide,creditandfinancingforthewaterfeesassociatedwiththedevelopmentofPeakViewApartments,inordertofacilitatetheconstructionofworkforcehousing.NOW,THEREFORE,BEITRESOLVEDBYTHEBOARDOFTRUSTEESOFTHETOWNOFESTESPARK,COLORADO:TheBoardapproves,andauthorizestheMayortosign,theagreementreferencedinthetitleofthisresolutioninsubstantiallytheformnowbeforetheBoard.Priortoexecution,theFinanceDirectorshallcompletetheincompletefieldsinsections2.3and2.4oftheagreement,aswellasExhibitB,theamortizationtable.Thisinsertedinformationshallreflectaloanprincipalofnomorethan$187,863,andthatsumshallbedecreasedbyanyamountEPHAelectstopayasapartialcashpaymentatthetimeofexecution.Thedatefieldsinsection2.4shallreflecttheanniversarydatesoftheeffectivedateoftheagreement.Theannualpaymentamountandamortizationscheduleshallreflectastandardamortizationschedule.TheagreementmustbeenterednolaterthanAugust31,2020.DATEDthisZ’dayof________________,2020.TOWNOFESTESPARKMayor//ATTEST:LcAPPROVEDASTOFORM:TownAttorney