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EPURA RESOLUTION 340
o0RESOLUTIONNO.340ARESOLUTIONOfTHEESTESPARKURBANRENEWALAUTHORITYAPPROVINGTHEFOURTHAMENDMENTTOTHEINTERGOVERNMENTALAGREEMENT,THESECONDAMENDMENTTOCOOPERATIONAGREEMENTANDTHESECONDAMENDMENTTOCONFERENCECENTERLEASEPURCHASEAGREEMENT,ALLBETWEENTHEESTESPARKURBANRENEWALAUTHORITYANDTHETOWNOfESTESPARKWHEREAS,inworkingwithBondCounselonthependingTaxIncrementRevenueRefundingandImprovementBondsSeries2003,theEstesParkUrbanRenewalAuthority(EPURA)andtheTownofEstesPark(Town)havebeenadvisedthatcertainrevisionstotheagreementsthatareinplacebetweenEPURAandtheTownarenecessary.TheseagreementsaretheIntergovernmentalAgreement,theCooperationAgreementandtheConferenceCenterLeasePurchaseAgreement.ThenecessaryrevisionsareincorporatedinFourthAmendmenttotheIntergovernmentalAgreement,theSecondAmendmenttoCooperationAgreementandtheSecondAmendmenttoConferenceCenterLeasePurchaseAgreement;andWHEREAS,theFourthAmendmenttotheIntergovernmentalAgreementprovidesthatEPURAretainanamountofthetaxincrementrevenuesnecessarytopayoffthebondindebtedness,ofwhichEPURAreceives$2,500,000forprojects,andmaintainreserverequirementsoverapproximatelyfiveyears,plus$200,000annuallyforbasicoperationalexpenses:andWHEREAS,theSecondAmendmenttoCooperationAgreementincorporatesthenecessarychangestopayofftheSeries1993bondswiththeproceedsoftheSeries2003bonds,resultinginasignificantcostsavings;andWHEREAS,theSecondAmendmenttoConferenceCenterLeasePurchaseAgreementincorporatesthenecessarychangestoreflectthetermsoftheSeries1993bondrefinancingwiththeproceedsoftheSeries2003bonds;andWHEREAS,theseamendmentspreparedbyBondCounselhavebeenreviewedandapprovedbytheEPURAAttorneyandtheTownAttorneyandrecommendedtotheTownBoardandEPURABoardofCommissionersforadoption.NOW,THEREFORE,BEITRESOLVEDBYTHEESTESPARKURBANRENEWALAUTHORITYTHAT:TheEPURABoardofCommissionersherebyadoptstheFourthAmendmenttotheIntergovernmentalAgreement,theSecondAmendmenttoCooperationAgreementandtheSecondAmendmenttoConferenceCenterLeasePurchaseAgreement,copiesofwhichareattachedandmadeapartofthisresolutionbyreference.ADOPTED,this15thdayofOctober,2003.ESTESPARKURBANRENEWALAUTHORITY/ZChairman