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Home My WebLink AboutEPURA RESOLUTION 261CRESOLUTIONNO.261ARESOLUTIONOFTHEESTESPARKURBANRENEWALAUTHORITYREGARDINGINVESTMENTOFFUNDSWHEREAS,theEstesParkUrbanRenewalAuthority(Authority),receivesfundsfromtheBondTrusteeandothersources;andWHEREAS,itisthedutyoftheAuthorityExecutiveDirectortodepositsaidfundspursuanttolaw;andWHEREAS,theAuthorityhasenteredintoaJointDevelopmentAgreementwithNewStanleyAssociates,L.P.,whichrequirestheestablishmentoffundsatKeyBank;andWHEREAS,Resolution229,AResolutionoftheEstesParkUrbanRenewalAuthorityRegardingInvestmentofFunds,statestheAuthoritymaydepositfundsandmoniesinbankshavingtheirprincipalofficeinColorado;andWHEREAS,KeyBank’sprincipalofficeisinUtah.NOW,THEREFORE,BEITRESOLVEDBYTHEESTESPARKURBANRENEWALAUTHORITYTHAT:TheExecutiveDirectorisauthorizedtodepositfundsinKeyBankfortheStanleyRoadproject.ADOPTEDthis15thdayofApril1998.ESTESPARKURBANRENEWALAUTHORITYChairman/ATTEST:Secretry