HomeMy WebLinkAboutMINUTES Town Board 1944-09-277
Catlin of Cote% Park, Larimer County, Colorado,. . September ?y, 19,44
Minutes of a._ Special _meeting of the Board of Trustees of the Town of Estes Park, Larimer
County, Colorado. Meeting held in the Town Hall in said Town of Estes Park on the. Z),7.,t1,1,
5 o'clock P.M.
day of_ S ept, em her A. D. 19 44 at Deptatmexting
.
Meeting called to order by Mayor Glen HPreston
Trustees: n.E. Casey
Pramo:Mayor Glen H. Preston. Hurd,
Robert H. Lindley. and George H, Watson.
Also Present, Town Clerk., Verne H, Fanton
Absent: Trustees R.C. Brodie and Paul J. Monahan.
The following Resolution was duly introduced and read. in full:
RES 0 L U I 1 o N
A RESOLUTION PROVIDING FOR THE PUBLIC SALE
OF ELECTRIC LIGET AND POWER REVENUE BONDS
OF THE TOWN OF ESTES PARK, FOR THE GI 1NG
OF NOTICE OF THE Tr E AND PLACE OF SALE,
AND PECLARING AN EMERGENCY
WHEREAS, By the affirmative vote of a majority of the
duly qualified property electors of the Town. of Estes Park
at anelection held September 11, 1944, approving Ordinance
No. 99 theretoforea'opted by the Board of Trustees of said
Town, the said electors authorized the issuance of bonds of
said Town inan amount of not to exceed $250,000, payable solely
out of the revenues of a munelpal eloctrical generating plant
anddistribution yystem to be acquired with the proceeds of
said bonds;
NOW TEEREFO-E, BE IT RESOLVED BY THE BOARD OF TRUSTEES
OF THE TOWN OF ESTES PARK.:
1- That the bonds to be issued under the authority
of said Ordinonbe No. 99 be offered at public sale to be held
on. the 27th day October A.D. 1944, at the hour of 800 o'clock
P.M. at the High School. in. the Town of Estes Park, Colorado,
at whtch time and place said bonds be sold at not less than
par and accrued interest to date of sale, to the bidder specifying
the lowest rate of interest in multiples of one-fourth of
one percent and the highest premium, if any, abov par, at
which said bidder will purchasethe bonds; provided, however
that the Board shall reserve the right to reject any and all
bids an sell the bonds at private or auction. sale.
2. That the Mayor and To•n Clerk arehereby directed
to give puN.i.b notice of said sale by publication at least
once each week for three successive weeks prior to the date
of sale, in. the "Bond Buyer", a weekly publication published
in New York City, New York, and by the mailing to such persons
or firms as have been orinthe opinion of the Mayor might
be interestedin. bidding, of a notice in. substantially the
following form:
NOTICE OF SALE
of the
TOWN OF ESTES PARK COLORA 0
gLEgIcLIGHTANILE!MEB:1/014Ngs,
NOTICE IS HEREBY GIVEN That on the 27th day of October
A.D. 10441 at thehour of 8:00 o'clock P.M. at the High. School
in the Town of Estes Park, Colorado, the Board of Trustees of
said Town will offer forsale not to exceed. $250,000 Electric
Light and Power Revenue Bonds of said Town, said bonds to be
dated November 1, 1944, to bear interest at the rate bid by the
best bidder, and to matureover a period of twenty years,
as follows:
398
totult Of &gels park, Larimer Couniy, Colorado, , 19 ....
Minutes of a meeting of the Board of Trustees of the Town of Estes Park, Larimer
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
$ 7,000 on. November. 1, 1945
$ 7,000 on November 1, 1946
$ 8,000 on. November 1, 1947
$ 8,000 on November 17 1948
$ 9,000 on November 1, 1949
$ 9,000 on November 1, 1950
$10 000 on. November 1, 1951
$10000 on November 1, 1952
$12,000 on November 1, 1953
$12,000 on November 1, 1954
Trustees:
$139000
$13,000
$14,000
$14,000
$15,000
$15,000
$16,000
$16;000
$21,000
$217000
on November 1,
on November 1,
on. November 1,
on November 1,
on. November 1,
on November 1,
on November 1,
on November 1,
on November 1,
on November1,
1955
1956
1957
1958.
1959
1960
1961
1962
1963
1964.
said bonds to be redeemable prior to maturity in inverse numeri-
cal order. on May 1, 1947 and thereafter, and. up to and. including
October 31, 1954 at par plus accrued interest; principal and
interest payable at the office of the Town Treasurer in Estes Park,
Colorado.
Said. bonds will be sold at not less than. par and accrued
interest to date of payment to the bidder specifying the lowest
rate of interest and the highest preiiiurn, If any, above par,
at which said bidder will purchase the bonds. Bids ill be
considered only inwhich interest rates are specified in
multiples of one-fourth of one percent. The Board reserves
the right to reject any and all bids and to sell. the bonds at
private or auction sale. .A certified check in the sum of $5,000.
mist accompany each bid, the amount thereof to be retained.
by the Town as liquidated damages in the event that the suc-
cessful bidder fails to comply ith the terms of his bid.
Checks of unsuccessful bidders will be returned immediately
after the award,
The approving opinion of Pershing, Bosworth, Dick and
Dawson and a certified copyof the transcript of proceedings
will accompany the bonds when. delivered. It is expected. that
delivery of bonds will be made. on or before November 20, 1944.
IN WITNESS WHEREOF, the Town of Estes Park, Colorado,
has caused this notice to begiven thi. 'w.. de - September71944,
(Seal)
Attest:
Town Cler..
ayor
3. That by reason of the desirability of issuing said
revune bonds at the earliest possible date, and by reason of
the necessity of promptly effectuating the legislative policy
of the Board of Trustees, it is hereby declared that an emergency
exists and that this resolution is necessary for the preservation
of the public peace, health, and safety and shall take effect
immediately upon. adoption.
ADOPTED AND APPROVED, This 277, ..77y of p 1944
(SEAL)
ATTEST;
Town Clerk
Caton of Coteo Pork, Larimer County, Colorado,.
Minutes of a meeting of the Board of Trustees of the Town of Estes Park, Larimer
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
Puement: Mayor Trustees:
It was then moved by Trustee Robert H. Lindley that said Re-
solution. be passed and adopted as read. Trustee George H. Watson
seconded the motion.
The question being upon the passage and adoption of said Re-
solution, the roll was called with. the foliwoing result:
Those voting Aye: Trustees Casey, Hurd, Lindley and Watson.
Those. voting Nay: None.
The Mayor thereupondeclared that a majority of all the Trustees
elected having voted in. favor thereof, the said otion was carried
and the said Hesolutio duly passed and adopted.
The Clerk presented an application. for a 3.2% beer license
by Donald Santerli, for the operationof the Switzerland inn.
Trustee Caseymoved. that said application be approved. Trustee
Hurd seconded the motion. Upon roll caul. said motioncarried by
the following vote: Those voting "Yes", Trustees, Casey, Hurd,
Lindley and W'tson. Those voting. "No", None.
Folio ing a discussion regarding the status of Stanley Rork,
Trustee Hurd. moved that the following policy be adopted. by the
To n. Trustee Lindley secondedthe motion,
1. The Town. of Estes Park will not sponsor or approve any
financial undertaking for the benefit of Stanley Park.
unless it appears in the minutes of a regular meeting
of the Board of Trustees.
2. All moneydonated to the Town and ear -marked for the im-
provement of Stanley Park, must be approved by the Board
of Trustees before being accepted.
3. Donations will be accepted by the Town for construction
purposes only.
4. All material nad labor on. Stanley Park must be contracted
for by the To•n, on requisition form, and. payment ma e
therefore, in the same manner and. .form as other liabilities
of the Town,
Upon roll call the above motion carriedby the following vote:
Those voting "Yes" trustees Casey, Hurd, Lindley and Watson,
Those voting "No", one.
There being no further business to come before the meeting, it
was regularly moved, seeonded and carried thatthe meting. adjourn,
Att9- Mayor
.06.0100
Town Clerk