HomeMy WebLinkAboutMINUTES Town Board 1940-08-27Park,LarimerCounty,Colomdo, ... , ..........
adjorned
Minutes of a .. _meeting of the Board of Trustees of the Town of Estes'arlc, Larirner
County, Colorado. Meeting held in the Town Hall in said Town of Estes Park on the
August
day of , A. D. 19 40at regular meeting how.
Meeting called to order by
Present: Mayor C . N. Rockwell Trustees: Guy W. Albright,
Ronald C. Brodie, G.E. Casey, R.H. Lindley,
George H. Watson. Also, Town Attorney, Chilson,
Absent: Glen H. Preston
At this meeting the detail plans for the proposed sale
of bonds to finance the Glacier Creek Water Line, were
discussed. Trustee Casy introduced the following
resolution:
RESOLUTION
BE IT RESOLVED that the Town Clerk be instructed
to notify at least fifteen reputable Colorado firms dealing
in Municipal Bonds that at a special meeting of the Board
of Trustees of the Town of Estes Park to be held on the fifth day
of September, 1940 at 7:30 P.M. at the Town Hall in Estes
Park, Colorado, the Town Board will receive bids at auction
for the purchase of proposed Town of Estes Park Water
Extension Bonds to be iolediately refunded. The
following are the terms and conditions of said sale:
1. Amount to be sold ....... ........$ 75,000.
2,
Date.......................October 1, 1940.
3. Maturity... ........ .....$2500. in each
of the years 1942 to 1959, both
inclusive, and $5000. in each
9f the years 1960 to 1965,
both inclusive.
4. Interest rate...To be named by bidder.
51 Denominations..$500 or multiples thereof
to be determined by the
successful bidder.
6. Place of Payment..Principal and semi-annual
interest will be payable at the office
of the Town Treasurer, Estes Park,
Colorado, or at a Denver Bank at
option of bidder.
7. Approving legal opinion of attorney or firm of
attorneys to be selected and paid by successful
bidder.
8. Successful bidder shall furnish free of cost to
the Town all necessary forms of Ordinances,
Resolutions and other proceedings and shall pay
for Bonds and engraving thereof, the only espense
to be borne by the Town to be the publication of
ordinance authorizing Bonds.
9. Town Board reserves right to reject any or
all bids submitted.
10. If any bid is accepted it will be on the basis of
the lowest net interest cost to the Town, giving
due consideration to the lowest interest rate
offered and also to such premium as may be offered.
cyl
-ix
Cotun ot cote0 park, Larimer County, Colorado,
Minutes of a meeting of the Board of Trustees of the Town of Estes Park, Lorimer
County, Colorado. Meeting held in the Town Hall in said Town of Estes Park on the
day of , A. D. 19 at regular meeting hour.
Meeting called to order by Mayor
Present: Mayor Trustees:
Trustee Lindley moved and trustee Thtson seconded
the motion that said resolution.be passed and.
adopted. Upon roll call said motion was carried
by the follomlng vote: Yes trustees, Albright,
Brodie, Casey, Lindley, and Watson. No, None.
There beingno further business to come before the
meeting, it was regularly moved, seconded, and
carried that the meeting. adjorn,
Attest;
:reonir.
Clerk