HomeMy WebLinkAboutORDINANCE 330-67-‘L -
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ORDINANCE NO.330
AN ORDINANCE PROVIDING FOR THE PAYMENT
TO THE NORTHERN COLORA.DO WATER CONSER
VANCY DISTRICT AN AGGREGATE SUM OF MONEY
EQUAL TO SUCH SUM AS WOULD HAVE BEEN PRO
DUCED BY SAID DISTRICTtS AD VALOREM TAX
LEVIES AGAINST THE VALUATION OF PROPERTY
IN ESTES PARK,COLORADO IN THE YEARS
1937-1966,BOTH INCLUSIVE.
WHEREAS,the territory within the boundaries of the
Town of Estes Park,Colorado was included within the boundaries
of the Northern Colorado Water Conservancy District by an
Order of the District Court in and for the County of Weld
and State of Colorado,which order was entered by the Court
upon the petition of certain owners of land within the
corporate limits of the Town of Estes Park and in accordance
with the provisions of Section lO-5-3l (3),Colorado Revised
Statutes,1963;
AND WHEREAS,the Order of said District Court provides
that the Town of Estes Park shall forthwith enact an ordinance
obligating itself to pay to the said District an aggregate
sum of money equal to such sum as would have been produced
by said District’s ad valorem tax levies against the valuation
of property in Estes Park,Colorado in the years 1937-1966,
both inclusive,which aggregate sum is Fifty Seven Thousand
Four Hundred Forty Four Dollars and Fifty Five Cents
($7,LLJ4.55);
AND WHEREAS,said Order provides for the manner in
which said sum shall be paid to said District;
NOW,THEREFORE,BE IT ORDAINED BY THE BOARD OF TRUSTEES
OF THE TOWN OF ESTES PARK,COLORADO:
Section 1.That the Town of Estes Park,Colorado
shall pay to the Northern Colorado Water Conservancy District
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the sum of Fifty Seven Thousand Four Hundred Forty Four Dollars
and Fifty Five Cents ($57,14!l.55)in ten (10)equal annual
installments together with annual interest on the remaining
principal balance at the rate of four and one-half per cent
(L%)per annum.The said annual installments together with
the interest due shall be paid to said District on or before
January 15 of each calendar year,commencing in 1968 and
continuing until the said principal sum is paid in full;
provided,however,that the Town of Estes Park shall have
the privilege of paying any number of the principal payments
on the above sum on any annual payment date,and there shall
be an abatement of interest on any such sum or sums paid.
No prepayment of principal shall relieve the Town of Estes
Park from making its regular annual payment when due.
Section 2.That the proper officers of the Town of
Estes Park,Colorado are hereby authorized,directed,and
it is made their duty,to levy,at the time of making the
levy for other taxes,a tax sufficient to pay all or any
number of said annual installments and annual interest thereon,
or to appropriate and pay from such other funds of the Town.
of Estes Park all or any number of the said annual installments
and annual interest thereon.
Section 3.The Board of Trustees herewith finds,
determines and designates that this ordinance is necessary
for the immediate preservation of the public health and
safety for the furnishing of water affects the public health
and safety,and whereas in the opinion of the Board of
Trustees an emergency exists,this ordinance shall take effect
and be in force five (5)days after its final passage,
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adoption and publication.
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Mayor
ATTEST:
Town Clerk
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