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Home My WebLink AboutEPURA RESOLUTION 460••RESOLUTIONNo.46$2,200,000ESTESPARKURBANRENEWALAUTHORITYTAXINCREMENTBONDSSERIES1985December24,1984 0RESOLUTIONNO.46ARESOLUTIONOFTHEBOARDOFCOMMISSIONERSOFTHEESTESPARKURBANRENEWALAUTHORITYAMENDINGARESOLUTIONAUTHORIZING,APPROVINGANDDIRECTINGTHEISSUANCE,SALEANDDELIVERYOF$2,200,000INAGGREGATEPRINCIPALAMOUNTOF“ESTESPARKURBANRENEWALAUTHORITY,TAXINCREMENTBONDS,SERIES1985,”TOPERMITCERTAINCHANGESINTHEDEBTSERVICESCHEDULEANDOTHERMODIfICATIONSRELATEDTHERETO.WHEREAS,theEstesParkUrbanRenewalAuthority(the“Issuer”)isapublicbodycorporateandpoliticdulycreatedandestablishedbytheTownofEstesPark,Colorado(the“Town”)underandpursuanttotheColoradoConstitutionandthelawsoftheStateofColorado(the“State”);andWHEREAS,theIssuerisauthorizedtotransactbusinessandexerciseitspowersasanurbanrenewalauthority,allunderandpursuanttotheColoradoUrbanRenewalLaw,Section31-25-101etColoradoRevisedStatutes(the“Act”);andWHEREAS,ResolutionNo.44oftheIssuer(the“Resolution”)waspassedonDecember13,1985,authorizingandapprovingtheissuanceandsaleanddeliveryof$2,200,000inaggregateprincipalamountof“EstesParkUrbanRenewalAuthorityTaxIncrementBonds,Series1985(the“Series1985Bonds”)toprovideadditionalfinancingfortheTownofEstesParkDowntownRedevelopmentProgram(the“Project”);and—1— 0•C)WHEREAS,theIssuerisnowdesiriousofamendingtheResolutionincertainrespectsconcerningthematuritiesoftheSeries1985Bondsandtheapplicationoftheproceedsthereof.NOW,THEREFORE,THEBOARDOFCOMMISSIONERSOFTHEESTESPARKURBANRENEWALAUTHORITYDOESHEREBYRESOLVEASFOLLOWS:Section1.ThematuritytablefortheSeries1985BondssetforthinSection3oftheResolutionisherebyamendedtoreadasfollows:May1PrincipalInterestoftheYearAmountRate1989$25,0008.00%1990100,0008.501991100,0008.751992125,0009.001993125,0009.251994150,0009.501995150,0009.751996175,00010.001997200,00010.201998225,00010.401999250,00010.502000275,00010.502001300,00010.50TheResolutionanddocumentsauthorizedtherebyareamendedtoprovideforadepositof$1,790,350intheConstructionfundand$317,650intheReservefund.Section2.ThisResolutionshallbeineffectfromandafteritsfinalpassagebytheBoardofCommissioners.-2- ADOPTEDANDAPPROVEDTHIS24thDAYOFDECEMBER1985.ESTESPARKURBANRENEWALAUTHORITYAttest[SEAL]By___________________Vice-CairmanoftheBoardofCommissionersBy____________TreasurerBy_______________________SecretaryCommissionerFrantzthenmovedthattheResolutionbepassedandadopted.CommissionerEricsonsecondedthemotion.ThequestionbeinguponthepassageandadoptionoftheResolution,therollwascalledwiththefollowingresult:ThoseVotingYes:CommissionersPohi,Moss,HillFrantzandEricsonThoseVotingNo:NoneThoseAbsent:ChairmanPhares,CommissionerPauley-3- 0CDVice-ThereupontheChairmanoftheBoardofCommissionersdeclaredsaidmotioncarriedandtheResolutiondulypassedandadopted.ESTESPARKURBANRENEWALAUTHORITYBy_________________Vice-ChairmanoftheBoardofCommissioners[SEAL)ATTEST:z2By________________Treasurer-4- C.STATEOFCOLORADOCOUNTYOFLARIMER]SB.TOWNOfESTESPARKTheBoardofCommissionersoftheEstesParkUrbanRenewalAuthority,metinspecialsessionattheEstesParkTownHall,170MacGregorAvenue,EstesPark,Colorado,onTuesday,the24thdayofDecember1985,atthehourof9:00a.m.ThefollowingmembersoftheBoardofCommissionerswerepresent:Vice—ChairmanAnneK.MossCommissioners:EdwardB.PollDaleG.HillLyleFrantzMiltEricsonThefollowingmembersoftheBoardofCommissionerswereabsent:ChairmanCharlesH.PharesCommissionerJ.DonPauleyThefollowingpersonswerealsopresent:ExecutiveDirectorandSecretary:ArthurL.AndersonCounseltoAuthority:AbsentAftertheChairmanoftheBoardofCommissionerscalledthemeetingtoorder,thefollowingproceedings,amongothers,werehadandtaken:CommissionerFrantzintroducedthefollowingResolution.TheResolutionwasthereuponreadbytitle,copiesthereofhavingpreviouslybeenmadeavailabletotheBoardofCommissionersandtothoseinattendanceatthismeeting: 00CERTIFIEDRECORDOFPROCEEDINGSOFTHEBOARDOfCOMMISSIONERSOFTHEESTESPARKURBANRENEWALAUTHORITYRELATINGTOARESOLUTIONAMENDINGARESOLUTIONAUTHORIZINGISSUANCEOf$2,200,000AGGREGATEPRINCIPALAMOUNTOFESTESPARKURBANRENEWALAUTHORITYTAXINCREMENTBONDSSERIES1985December24,1985