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HomeMy WebLinkAboutEPURA RESOLUTION 201C)0RESOLUTIONNO.201ARESOLUTIONOFTHEESTESPARKURBANRENEWALAUTHORITYADOPTINGA1993SUPPLEMENTARYBUDGETANDAPPROPRIATIONOFADDITIONALDEBTSERVICEREVENUESANDEXPENDITURESWHEREAS,therefundingoftheSeries1988and1989EstesParkUrbanRenewalAuthorityTaxIncrementBondscausesthereceiptandexpendituresoffunds;andWHEREAS,theproposed1993SupplementaryBudgethasbeenreviewedbytheBoard;andWHEREAS,alllegalrequirementsrelatedtoconsiderationandapprovalofthebudgethasbeencompliedwith.NOW,THEREFORE,BEITRESOLVEDBYTHEESTESPARKURBANRENEWALAUTHORITYTHAT:1.TheDebtServiceFundRevenuesareincreasedby$7,517,207whichisthenetproceedsfromthesaleofrefundingbonds.2.TheDebtServiceFundExpendituresareincreasedby$7,575,515forpaymenttotherefundbondescrowagent.3.Theamountssetforthaboveareappropriatedforexpenditure.4.TheExecutiveDirectorisauthorizedtocertifythe1993SupplementaryBudgetinaccordancewithapplicablelegalrequirements.ADOPTEDthis16thdayofDecember1993.ESTESPARKURBANRENEWALAUTHORITY5irmanATTEST:7/’