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EPURA RESOLUTION 332
CRESOLUTIONNO.332ARESOLUTIONOFTHEESTESPARKURBANRENEWALAUTHORITY(EPURA)APPROVINGAPROCEDUREFORBONDINGFOREPURAiMPROVEMENTSWHEREAS,variousalternativeshavebeenexploredrelativetoexpeditingdesiredimprovementstobecarriedoutbyEPURA;andWHEREAS,considerableanalysishasbeenaccomplishedbyTownstaffEPURAstaff,legalcounsel,financialanalystsandbondingspecialists;andWHEREAS,ithasbeenconcludedthatEPURAshouldbeabletobondforupto$15,000,000overthenextapproximatelyfiveyearsforimprovementswithintheexistingurbanrenewalarea,anamountdeemedessentiallysufficienttoaccomplishidentifieddesiredimprovements;andWHEREAS,ithasalsobeenconcludedthatbondingforimprovementswithintheexistingurbanrenewalareaforanapproximatelyfive-yearperiodisthemostexpeditiousandleastcomplicatedmeansofachievingtheimmediategoalsofEPURAandoftheTown.NOW,THEREFOREBEITRESOLVEDBYTHEESTESPARKURBANRENEWALAUTHORITYTHAT:TheEPURABoardofCommissionersconcursinthebondingprocedureoutlinedabovetoaccomplishitsgoalsoverthenextapproximatelyfiveyears.ADOPTED,this21stdayofMay,2003.ESTESPARKANNEWAUTHORITYChrman\_‘.1