HomeMy WebLinkAboutRESOLUTION 33-93RESOLUTION 33-93
WHEREAS,in order to refinance its outstanding bonds,the
Estes Park Urban Renewal Authority (the “EPURA”)is preparing to
issue its Tax Increment Revenue Refunding Bonds in the aggregate
principal amount of $7,650,000 (the “Refunding Bonds”);and
WHEREAS,it is necessary to amend the Conference Center Lease
Purchase Agreement entered into by and between the Town of Estes
Park,Colorado (the “Town”)and the EPURA as of November 15,1989,
to reflect the refinancing;and
WHEREAS,the appropriate officials of the Town have negotiated
the First Amendment to Conference Center Lease Purchase Agreement
(the “First Amendment”)between the Town and the EPURA;and
WHEREAS,it also is necessary to amend the Cooperation
Agreement entered into by and between the Town and the EPURA as of
November 15,1989,to reflect the refinancing and the First
Amendment thereto has been negotiated by the appropriate officials
of the Town;and
WHEREAS,it also is necessary for the Town to authorize the
execution of an Omnibus Certificate and a No Arbitrage Certificate
as a part of the proceedings for the issuance of the Refunding
Bonds;and
WHEREAS,the Board of Trustees of the Town has determined it
to be in the best interest of the Town of Estes Park to take the
following actions with regard to the aforementioned documents;
NOW,THEREFORE,BE IT RESOLVED BY THE BOARD OF TRUSTEES OF THE
TOWN OF ESTES PARK,COLORADO:
1.The Board of Trustees of the Town hereby authorize the
execution,delivery,and performance of the First Amendment to
Conference Center Lease Purchase Agreement and the First Amendment
to the Cooperation Agreement,dated as of December 1,1993,between
the Town and the EPURA,each in substantially the form presented to
the Board of Trustees of the Town on December 14,1993.
2.The Board of Trustees of the Town hereby authorizes the
Mayor and Town Clerk of the Town to execute the Omnibus Certificate
and the No Arbitrage Certificate,in the form as presented to the
Board of Trustees on December 14,1993.
<%DUCEDfREADAND PASSED THIS /DAY OF
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TOWN OF ESTES PARK
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By:
Mayor
ATTEST:
1 &•e
Town Clerk
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