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Home My WebLink AboutRESOLUTION 25-95C0RESOLUTION25-95WHEREAS,byOrdinanceNo.12-95,theBoardofTrusteesoftheTownofEstesParkhascreatedtheParkEntranceEstatesSpecialImprovementDistrictNo.95-1(the“District”);andWHEREAS,also,byOrdinanceNo.12-95,theBoardofTrusteesoftheTownofEstesParkhasauthorizedtheacquisitionandconstructionofcertainwaterdistributionsystemimprovementsandroadwayimprovementswithintheDistrict;andWHEREAS,inordertofinancetheacquisitionandconstructionoftheimprovements,itistheintentionoftheTowntoseekapprovaloftheissuanceofSpecialAssessmentBonds,pursuanttotheapplicableprovisionsofSection5,Article25,Title31,C.R.S.;andWHEREAS,thefirstdateavailabletotheTowntoholdsaidelectionisNovember7,1995;andWHEREAS,theBoardofTrusteesoftheTownhasdeterminedthatpursuanttotheprovisionsofSection31-25-534(3)C.R.S.,thatonlyregisteredelectorswhoareownersofpropertywithinorresidentsoftheDistrictshallbeeligibletovoteonthequestionsoftheissuanceoftheSpecialAssessmentBonds;andWHEREAS,theDistricthasbeendividedintotwoassessmentunitsinwhichdifferentimprovementswillbeconstructed;andWHEREAS,separateballotquestionsmustbepresentedtotheeligiblevotersineachassessmentunit;andWHEREAS,itisnecessarytoauthorizecertainotheractionsconcerningsaidelection.NOWTHEREFORE,BEITRESOLVEDbytheBoardofTrusteesoftheTownofEstesPark,Colorado:Section1.TheBoardofTrusteesherebyfindsanddeterminesthatanelectiontoauthorizetheissuanceofSpecialAssessmentBondsfortheacquisitionandconstructionofroadwayandwaterdistributionsystemimprovementswithintheParkEntranceEstatesSpecialImprovementDistrictNo.95-1shallbeheldonNovember7,1995. 00 CCSection2.TheBoardofTrusteesherebyfindsanddeterminesthatthosepersonseligibletovoteonthequestionoftheissuanceofsaidSpecialAssessmentBondsshallonlyberegisteredelectorswhoareownersofpropertywithinorresidentsoftheParkEntranceEstatesSpecialImprovementDistrictNo.95-1.Section3.TheBoardherebyauthorizesseparateballotquestionstobepresentedtotheeligiblevotersineachOftheassessmentunits.Section4.TheseparateballotquestionsaresetforthonExhibit“A”attachedheretoandincorporatedhereinbyreference.Section5.TheTownClerkisherebyauthorizedtoimmediatelytransmittheballotquestionstotheClerkandRecorderofLarimerCounty,Colorado.PASSEDANDADOPTEDTHIS12thDAYOFSEPTEMBER,1995.TOWNOFESTESPARK,COLORADOMayorATTEST:TownClerk 00 C)CEXHIBIT“A”TOWNOFESTESPARKPARKENTRANCEESTATESSPECIALIMPROVEMENTDISTRICTNO.95-1BALLOTISSUE2ASHALLTHETOWNOFESTESPARK,COLORADODEBTBEINCREASEDUPTO$395,000WITHAREPAYMENTCOSTOFUPTO$569,725BYTHEISSUANCEANDPAYMENTOFSPECIALASSESSMENTREVENUEBONDSFORTHEPURPOSEOFFINANCINGCERTAINLOCALROADWAYIMPROVEMENTSWITHINTHETOWN’SPARKENTRANCEESTATESSPECIALIMPROVEMENTDISTRICTNO.95-1ANDTOBEPAYABLESOLELYFROMCERTAINSPECIALASSESSMENTSRECEIVEDSOLELYFROMPROPERTYOWNERSRESIDINGWITHINTHETOWN’SPARKENTRANCEESTATESSPECIALIMPROVEMENTDISTRICTNO.95-1;PROVIDEDANDINCONNECTIONTHEREWITHSHALLTHETOWNBEAUTHORIZEDTOMAKESUCHSPECIALASSESSMENTSAGAINSTTHEPROPERTIESWITHINSAIDAREA;ANDSHALLTHETOWNBEAUTHORIZEDTORECEIVEANDSPENDTHEPROCEEDSOFSAIDBONDSANDSAIDSPECIALASSESSMENTS,ANDANYINVESTMENTEARNINGSTHEREON,ASAVOTER-APPROVEDREVENUECHANGEANDANEXCEPTIONTOANYREVENUEORSPENDINGLIMITATIONSWHICHMIGHTOTHERWISEAPPLY,WITHOUTLIMITINGTHECOLLECTIONANDSPENDINGOFANYOTHERREVENUESOFTHETOWN? 00 C)&EXHIBIT“A”TOWNOFESTESPARKPARKENTRANCEESTATESSPECIALIMPROVEMENTDISTRICTNO.95-1BALLOTISSUE2BSHALLTHETOWNOFESTESPARK,COLORADODEBTBEINCREASEDUPTO$110,000WITHAREPAYMENTCOSTOFUPTO$156,762BYTHEISSUANCEANDPAYMENTOFSPECIALASSESSMENTREVENUEBONDSFORTHEPURPOSEOFFINANCINGCERTAINLOCALWATERDISTRIBUTIONSYSTEMIMPROVEMENTSWITHINBLOCKTWOOFPARKENTRANCEESTATESSUBDIVISIONWITHINTHETOWN’SPARKENTRANCEESTATESSPECIALIMPROVEMENTDISTRICTNO.95-1ANDTOBEPAYABLESOLELYFROMCERTAINSPECIALASSESSMENTSRECEIVEDSOLELYFROMPROPERTYOWNERSRESIDINGWITHINBLOCKTWOOFPARKENTRANCEESTATESSUBDIVISIONWITHINTHETOWN’SPARKENTRANCEESTATESSPECIALIMPROVEMENTDISTRICTNO.95-1;PROVIDEDANDINCONNECTIONTHEREWITHSHALLTHETOWNBEAUTHORIZEDTOMAKESUCHSPECIALASSESSMENTSAGAINSTTHEPROPERTIESWITHINSAIDAREA;ANDSHALLTHETOWNBEAUTHORIZEDTORECEIVEANDSPENDTHEPROCEEDSOFSAIDBONDSANDSAIDSPECIALASSESSMENTS,ANDANYINVESTMENTEARNINGSTHEREON,ASAVOTER-APPROVEDREVENUECHANGEANDANEXCEPTIONTOANYREVENUEORSPENDINGLIMITATIONSWHICHMIGHTOTHERWISEAPPLY,WITHOUTLIMITINGTHECOLLECTIONANDSPENDINGOFANYOTHERREVENUESOFTHETOWN? 00