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HomeMy WebLinkAboutMINUTES Town Board 1950-11-27'MObJU of Cotto laat1I, Larimer County, Colorado, Nov. 27 Minutes of a re 19...59.. ar 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 Nov. , A. D. 19 5° at regular meeting hour. Meeting called to order by Mayor Ronald C. Brodie 27th Present: Mayor Ronald C. Brodie Trustees: G.E. Casey, Chas. Herzog, Merl Morehead, M.J. Poling, George Watson. Also Present: Lee H. Tallant, Supt. of Works Verne H. Fanton, Town Clerk Absent: Trustee C.A. Graves. Minutes of the regular meeting held on November 13, read and approved as read. The Clerk presented the liquor license applications for renewal, of Rogers Liquor Store and Leo F. Tighe. Trustee Herzog moved that the applications be approved. Trustee.Poling seconded the motion. Upon roll call said motion carried by the following vote: Those voting "Yes" Trustees Casey, Herzog, Morehead, Poling and Watson. Those voting "No" None. Mr. Robert Dirchner, of Boettcher and Company of Denver, appeared before the Board, and presented a proposal whereby the Town might refund the outstanding Light and Power Revenue bonds, dated November 1, 1944, in the amount of $ 202,000.00 and reissue at a lower interest rate. Mr. Dirchner presented compiled statements on past and present earnings of the Department, present and proposed debt service requirements, and stated that in his opinion the Town could meet the obligations under the proposed schedule. Under the pro- posal the Town would make a net savings of about $ 14,000.00 during the life of the bonds, but would increase the annual bond sinking requirements. by about 4 10,000.00. After a detail discussion, Trustee Herzog moved that the Town contract with Boettcher and Company to refund $ 202,000.00, or less, of the outstanding bonds, on the pro- posal, as presented, subject to the advice and approval of the Town Attorney, the Mayor and the Town Clerk being instructed to confer with the Town Attorney tomorrow morning. Trustee Poling seconded the motion. Upon roll call said motion carried by the following vote: Those voting "Yes" Trustees Casey, Herzog, Morehead, Poling and Watson. Those voting "No" none. The Clerk presented the proposed budget of all Departments for the year 1951, together with comparative figures for 1949 and 1950. The Board examined, dis+s.seed, and made certain changes in the budget. After it was agreed that the budget was in final form, Trustee Watson moved that publication be made that the budget was on file for in- spection and that it would be considered for passage at the next regular meeting. Trustee Casey seconded the motion. Upon roll call said motion carried by the following vote: Those voting "Yee" Trustees Casey, Herzog, Morehead, Poling and Watson. Those voting "No" None. There being no further business to come before the meeting, it was regularly moved, seconded and carried that the mr-rrting adjourn. Mayor Attest: