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HomeMy WebLinkAboutRESOLUTIONS 1985C 1925 RESOLUTIONS 1-85 COLORADO LAND USE COMMISSION:Rejecting designation request by the Colorado Land Use Commission for the Stanley Hotel area. 2-85 CHAMBER OF COMMERCE:Authorize Mayor to sign 1985 Advertising Agreement. 3—85 EPURA:Set public hearing for 2/12/85 re:adding Prospect Village Subdivision to the Estes Park Urban Renewal Authority Boundary. 4-85 LARIMER COUNTY:Resolution authorizing Larimer County to issue low and moderate income mortgage financing. 5-85 LIQUOR LICENSE:Set public hearing date 3/26/85 for Safeway Stores,Inc.,451 F.Wonderview Avenue. 6-85 LIQUOR LICENSE:Set public hearing date 4/23/85 for Sgt. Pepperwood’s -101 W.Elkhorn Avenue. 7-85 LIQUOR LICENSE:Set public hearing 5/28/85 for Change of Location and Trade Name for Aldrich Enterprises,Inc.dba STANLEY VILLAGE PHARMACY. 8-85 ICMA RETIREMENT CORPORATION MONEY PURCHASE PLAN AND TRUST: Establishment of ICMA Retirement Corporation Prototype Money Purchase Plan and Trust. 9-85 EPURA:Conveying “Ida Mae Morris”property to Estes Park Urban Renewal Authority. 10-85 ESTES PARK PUBLIC LIBRARY:Transfering $5,000.00 from Library Capital Reserve to Library Fund (Revising 1985 Budget)also FIREMEN’S PENSION FUND:Transfering $4,600.00 from Firemen’s Pension Fund to Fund Balance (Revising 1985 Budget). 11-85 ESTES VALLEY RECREATION AND PARK DISTRICT:Resolution endorsing Town’s support for Master Development,Improvement and Phase Plan for Ski Estes Park at Hidden Valley 12-85 ANNUAL TAX REFUND:Elderly Citizens (Owners:$0.00382;Rentors: $0.0047) 13-85 MR.&MRS.THOMAS SUTHERLAND:Resolution enlisting support and earliest possible reunion of the Sutherlands (abducted 6/9/85), other hostages and their families INTENT TO ANNEX “ARAPAHO MEADOWS ADDITION”:Set public hearing for August 27,1985 (Town Board) 15-85 LIQUOR LICENSE:Change in Class of Tavern Liquor License to Hotel and Restaurant Liquor License,including Change of Trade Name — from Black Canyon Restaurant to R G &L,INC.dba BLACK CANYON INN, set public hearing for August 27,1985. 16-25 RENAMING “RIVERFRONT PARK”TO “TREGENT PARK”,effective July 23, 1985. 17-85 NATIONAL ELECTRICAL CODE,1984 Edition:Set public hearing for September 16,1985 to adopt electric code. 18-85 TAX AMNESTY PROGRAM:Conducted by the State of Colorado (1-time only). 19-85 AMENDMENT TO PESOLUTION 39-84:Intent to issue Industrial Development Revenue Bonds for Stanley Village:Extend commitment from December 31,1985 to June 1,1986). 20-85 BUDGET:Resolution Setting Mill Levies for 1986 Budget -4.00 Mills. 21-85 RESOLUTION OF ANNEXATION:ARAPAHO MEADOWS ADDITION. 22-85 LIQUOR LICENSE:Set public hearing date of January 14,1986 for new Beer &Wine Liquor License for Hospitality Specialists dba MOLLY B RESTAURANT,200 Moraine Ave. 23-85 BUDGET:Resolution to Adopt Budget for 1986. 24-85 BUDGET:Resolution to Appropriate Sums of Money for 1986. 25-85 EPURA:Resolution authorizing,approving &directing the Town of Estes Park to enter into a Cooperation Agreement with the Estes Park Urban Renewal Authority &the Central Bank of Denver (includes the Cooperation Agreement). 26-85 UNIFORM BUILDING CODE,1985 Edition:Set public hearing for January 28,1986 to adopt Building Code. 27-85 UNIFORM PLUMBING CODE,1985 Edition:Set public hearing for January 28,1986 to adopt Plumbing Code. 28-85 UNIFORM MECHANICAL CODE,1985 Edition:Set public hearing for January 28,1986 to adopt Mechanical Code. 14—85 C 0 RESOLUTION 28-85 WHEREAS,the Board of Trustees of the Town of Estes Park has been presented with a COPY of the Uniform Mechanical Code,1985 edition;and WHEREAS,the Board of Trustees of the Town of Estes Park desires to set a public hearing on the adoption of said Uniform Mechanical Code,by reference. NOW,THEREFORE,BE IT RESOLVED BY THE BOARD OF TRUSTEES OF THE TOWN OF ESTES PARK,COLORADO: 1.That a public hearing shall be held on an ordinance amending Chapter 14 of the Municipal Code of the Town of Estes Park,Colorado,the same pertaining to the adoption of the Uniform Mechanical Code,1985 edition.Said hearing shall be held on the 2fri day of .1986,at the hour of 7:30 p.m.in the Board Room of the Municipal Building,170 MacGregor Avenue,Estes Park,Colorado. 2.The Town Clerk is hereby authorized to give the notice as required by law. DATED: ______________________ ,1985. TOWN OF ESTES PARK,COLORADO APPROVED: ayor ATTEST: Town Clerk Pro Tem 28—85 0 0 RESOLUTION 27-85 WHEREAS,the Board of Trustees of the Town of Estes Park has been presented with a copy of the Uniform Plumbing Code,1985 edition;and WHEREAS,the Board of Trustees of the Town of Estes Park desires to set a public hearing on the adoption of said Uniform Plumbing Code,by reference. NOW,THEREFORE,BE IT RESOLVED BY THE BOARD OF TRUSTEES OF THE TOWN OF ESTES PARK,COLORADO: 1.That a public hearing shall be held on an ordinance amending Chapter 14 of the Municipal Code of the Town of Estes Park,Colorado,the same pertaining to the adoption of the Uniform Plumbing Code,1985 edition.Said hearing shall be held on the _____day of ________________. 1986,at the hour of 7:30 p.m.in the Board Room of the Municipal Building,170 MacGregor Avenue,Estes Park,Colorado. 2.The Town Clerk is hereby authorized to give the notice as required by law. DATED:TcI4PFR../7 ,1985. TOWN OF ESTES PARK,COLORADO APPROVED: Mayor ATTEST: Town Clerk Pro Tern 27—85 0 0 RESOLUTION 26—85 WHEREAS,the Board of Trustees of the Town of Estes Park has been presented with a copy of the Uniform Building Code,1985 edition;and WHEREAS,the Board of Trustees of the Town of Estes Park desires to set a public hearing on the adoption of said Uniform Building Code,by reference. NOW,THEREFORE,BE IT RESOLVED BY THE BOARD OF TRUSTEES OF THE TOWN OF ESTES PARK,COLORADO: 1.That a public hearing shall be held on an ordinance amending Chapter 14 of the Municipal Code of the Town of Estes Park,Colorado,the same pertaining to the adoption of the Uniform Building Code,1985 edition.Said hearing shall be held on the _____day of L2,R’f .1986,at the hour of 7:30 p.m.in the Board Room of the Municipal Building,170 MacGregor Avenue,Estes Park,Colorado. 2.The Town Clerk is hereby authorized to give the notice as required by law. DATED:lb ,1985. TOWN OF ESTES PARK,COLORADO APPROVED: Mayor ATTEST: 26—85 0CERTIFIEDRECORDOFPROCEEDINGSOFTHEBOARDOFTRUSTEESOFTHETOWNOFESTESPARK,COLORADORELATINGTOACOOPERATIONAGREEMENTAMONGTHETOWNANDTHEESTESPARKURBANRENEWALAUTHORITYANDTHECENTRALBANKOFDENVER,ABANKINGCORPORATIONDecember16,1985 00STATEOFCOLORADOCOUNTYOFLARIMERJss.TOWNOFESTESPARKTheBoardofTrusteesoftheTownofEstesPark,ColoradometinregularsessionattheEstesParkTownHall,170MacGregorAvenue,EstesPark,Colorado,onTuesday,the16thdayofDecember1985,atthehourof7:30p.m.ThefollowingmembersoftheBoardofTrusteeswerepresent:Mayor:BernerdDannelsTrustees:NorbertL.AldrichMarkT.BrownByronL.GravesGeorgeJ.HixPaulaL.LaingRichardA.WoodThefollowingmembersoftheBoardofTrusteeswereabsent:NoneThefollowingpersonswerealsopresent:TownAdministrator:DaleC.HillTownAttorney:GregoryA.WhiteTownClerkprotem:MonteI.VavraAftertheMayoroftheTowncalledthemeetingtoorder,thefollowingproceedings,amongothers,werehadandtaken:ThefollowingResolutionwasintroducedandtheResolutionwasthereuponreadbytitle,copiesthereofhavingpreviouslybeenmadeavailabletotheBoardofTrusteesandtothoseinattendanceatthismeeting: 00RESOLUTIONNO.25-85ARESOLUTIONOFTHEBOARDOFTRUSTEESOfTHETOWNOFESTESPARK,COLORADOAUTHORIZING,APPROVINGANDDIRECTINGTHETOWNOFESTESPARK,COLORADOTOENTERINTOACERTAINCOOPERATIONAGREEMENTWITHTHEESTESPARKURBANRENEWALAUTHORITYANDTHECENTRALBANKOFDENVER,ABANKINGCORPORATION,RATIFYINGCERTAINACTIONSHERETOFORETAKEN;ANDREPEALINGANYACTIONHERETOFORETAKENINCONFLICTHEREWITH.WHEREAS,theTownofEstesPark,Colorado(the“Town”)isamunicipalcorporationandstatutorytowndulycreated,organizedandexistingundertheConstitutionandlawsoftheStateofColorado;andWHEREAS,theTownpursuanttotheColoradoUrbanRenewalLaw,Section31-25-101,etg.,ColoradoRevisedStatutes(the“Act”)hasapprovedandauthorizedthe“TownofEstesParkDowntownRedevelopmentProgram,”asanurbanrenewalplanundertheAct(the“Plan”);andWHEREAS,inordertofacilitatetheimplementationofthePlanandtoassisttheEstesParkUrbanRenewalAuthority(the“Authority”)intheissuanceofitsTaxIncrementBonds,Series1985,intheaggregateprincipalamountof$2,200,000(the“Series1985Bonds”)therehasbeenpresentedtotheBoardofTrusteesaCooperationAgreementdatedasofDecember1,1985(the“CooperationAgreement”)amongtheTown,theAutho-ityandCentralBankofDenver,abankingcorporation(the“Trustee”);andWHEREAS,pursuanttotheAct,theTownisauthorizedtoenterintocooperationagreementsinordertoassisttheAuthorityinimplementingthePlan.NOW,THEREFORE,THEBOARDOFTRUSTEESOfTHETOWNOFESTESPARK,COLORADODOESHEREBYRESOLVE,ASFOLLOWS:Section1.AllactionsnotinconsistentwiththeprovisionsofthisResolutionheretoforetakenbyanyoftheofficialsoftheTownandtheeffortsoftheTowndirectedtowardtheimplementationofthePlanshallbe,andthesameherebyareratified,approvedandconfirmed.—1- 00Section2.Theform,termsandprovisionsoftheCooperationAgreementshallbeandthesameherebyareauthorizedandapproved,andtheIssuershallenterintotheCooperationAgreementsubstantiallyintheformoftheCooperationAgreementaspresentedtotheBoardofTrusteesoftheTownatthismeeting,butwithsuchchangesthereinasshallbeconsistentwiththisResolutionandastheMayoroftheBoardofTrusteesoftheTownshallapprove,hisexecutionthereofbeingdeemedconclusiveofhisapprovalofanysuchchanges.TheMayoroftheBoardofTrusteesoftheTownisherebyauthorizedanddirectedtoexecuteanddelivertheCooperationAgreementforandonbehalfoftheTowninsubstantiallytheformofsuchdocumentpresentedatthismeeting.TheTownClerkprotemisherebyauthorizedanddirectedtoaffixthesealoftheTownto,andtoattestto,theCooperationAgreementinsubstantiallytheformofsuchdocumentpresentedatthismeeting.Section3.AftertheSeries1985Bondsareissued,thisResolutionshallbeandremainirrepealable,andmaynotbeamendedexceptinaccordancewiththeFirstSupplementalIndentureofTrust(the“FirstSupplementalIndenture”)datedasofDecember1,1985,betweentheTrusteeandtheAuthority,amendingandsupplementinganIndentureofTrustdatedasofMay1,1984betweentheAuthorityandtheTrustee(the“OriginalIndenture”togetherwiththeFirstSupplementalIndenture(the“Indenture”))untiltheSeries1985Bondsandinterestthereonshallhavebeenfullypaid,canceledanddischargedbytheAuthorityinaccordancewiththeIndenture.Section4.Ifanysection,paragraph,clauseorprovisionofthisResolutionshallforanyreasonbeheldtobeinvalidorunenforceable,theinvalidityorunenforceabilityofsuchsection,paragraph,clauseorprovisionshallnotaffectanyoftheremainingprovisionsofthisResolution.Section5.Allbylaws,orders,resolutionsandordinances,orpartsthereofinconsistentherewithorwiththedocumentherebyapprovedareherebyrepealedtotheextentonlyofsuchinconsistency.Thisrepealershallnotbeconstruedasrevivinganybylaw,order,resolutionorordinance,orpartthereof.Section6.ThisResolutionshallbeineffectfromandafteritsfinalpassagebytheBoardofTrustees.-2- 00ADOPTEDANDAPPROVEDTHIS16THDAYOFDECEMBER1985.TOWNOFESTESPARK,COLORADO_By________Má’yorBy______________________Clerkprotern—3— 00WhereuponitwasmovedandsecondedthatallrulesoftheBoardofTrusteeswhichmightprevent,unlesssuspended,thefinalpassageandadoptionoftheResolutionatthismeetingbe,andthesameherebyare,suspendedforthepurposeofpermittingthefinalpassageandadoptionoftheResolutionatthismeeting.Themotionwasputtoavote,thevotebeingasfollows:ThoseVotingYes:ThoseVotingNo:ThoseAbsent:Allofthemembershavingvotedinfavorofthemotion,theMayordeclaredthemotioncarriedandtherulessuspended.ItwasthenmovedandsecondedthattheResolutionbepassedandadopted.ThequestionbeinguponthepassageandadoptionoftheResolution,therollwascalledwiththefollowingresult:ThoseVotingYes:TrusteesBrown,Laing,Wood,GravesHixandAldrichThoseVotingNo:NoneThoseAbsent:NoneThereupontheMayordeclaredsaidmotioncarriedandtheResolutiondulypassedandadopted.AftertheconsiderationofotherbusinessunrelatedtotheResolution,onmotiondulymade,secondedandadopted,themeetingthereuponadjourned.TOWNOFESTESPARK,COLORADOBy_____Mayor[SEAL]ATTEST:By_______TwnClerkprotern-4- GSTATEOFCOLORADOCOUNTYOFLARIMER]ssTOWNOFESTESPARKI,MonteI.Vavra,thedulyqualifiedandactingTownClerkproternoftheTownofEstesPark,Colorado,doherebycertifythattheforegoingpagesnumbered1to4,inclusive,areatrue,perfectandcompletecopyoftherecordofproceedings,insofarassuchproceedingsrelatetotheResolutioncontainedtherein,oftheBoardofTrusteesoftheTownofEstesPark,Colorado,hadandtakenatalawfulmeetingoftheBoardofTrusteesheldattheTownofEstesParkTownHall,170MacGregorAvenue,EstesPark,Colorado,onTuesday,December16,19S5,commencingatthehourof7:30p.m.,asrecordedintheregularofficialbookoftheproceedingsoftheBoardofTrusteeskeptinmyoffice,saidproceedingsweredulyhadandtakenasthereinshown,themeetingthereinshownwasdulyheld,andthepersonsthereinnamedwerepresentatsaidmeetingasthereinshown.INWITNESSWHEREOF,IhavehereuntosetmyhandandaffixedthesealoftheTownofEstesPark,Coloradothis16thdayofDecember1985.TOWNOFESTESPARK,COLORADOBy________%rnClerkprotern[SEALI-5- 0C’COOPERATIONAGREEMENTAMONGESTESPARKURBANRENEWALAUTHORITY(Authority)ANDTOWNOFESTESPARK,COLORADO(Town)ANDCENTRALBANKOFDENVER,ABANKINGCORPORATION(Trustee)DatedasofDecember1,1985 00COOPERATIONAGREEMENTTHISCOOPERATIONAGREEMENT,datedasofDecember1,1985,andanyamendmentsorsupplementsheretomadeinaccordanceherewith(collectively,this“CooperationAgreement”)ismadebyandamongtheESTESPARKURBANRENEWALAUTHORITY(the“Authority”),apublicbodycorporateandpoliticdulyorganizedandexistingasanurbanrenewalauthorityunderthelawsoftheStateofColorado(the“State”),CENTRALBANKOFDENVER,ABANKINGCORPORATION,astrustee(the“Trustee”),andtheTOWNOFESTESPARK,COLORADO(the“Town”),amunicipalcorporationandstatutorytowndulyorganizedandexistingundertheconstitutionandlawsoftheState;WITNESSETH:WHEREAS,theAuthorityisapublicbodycorporateandpolitic,andhasbeendulycreated,organized,establishedandauthorizedbytheTowntotransactbusinessandexerciseitspowersasanurbanrenewalauthority,allunderandpursuanttotheColoradoUrbanRenewalLaw,Section31-25-101etseq.,ColoradoRevisedStatutes(the“Act”);andWHEREAS,onMay24,1983anurbanrenewalplan,knownasthe“EstesParkDowntownRedevelopmentProgram”(the“UrbanRenewalPlan”)wasdulyandregularlyapprovedbytheBoardofTrusteesoftheTown,andonDecember13,1983,theUrbanRenewalPlanwasamendedbyResolutionNo.60-83,andpursuanttotheUrbanRenewalPlanandtheAct,theAuthorityandtheTownintendtoparticipateintheredevelopment,expansionandrehabilitationofcertainrealproperty,theacquisitionanddevelopmentoflandforparkingandtheconstructionofcertainpedestrianimprovements,includingstreetbeautificationandrivercorridorrestorationandbeautification(collectivelyreferredtohereinasthe“Project”);andWHEREAS,theProjectislocatedwithintheurbanrenewalarea(the“ProjectArea”)designatedintheUrbanRenewalPlan;andWHEREAS,allapplicablerequirementsoftheActandotherprovisionsoflawforandprecedenttotheadoptionandapprovaloftheUrbanRenewalPlanhavebeendulycompliedwithbytheAuthorityandtheTown;and 0WHEREAS,theAuthorityandtheTowninordertoprovidestart-upservices,operationalfacilitiesandfunding,inadditiontoclassifyingcertainothercooperativeactivities,onDecember13,1983enteredintoanAgreementofCooperation,ServicesandLoanofFunds(the“Agreement”);andWHEREAS,pursuanttoSection31-25-109oftheAct,theAuthorityhasthepowerandauthoritytoissue“bonds”(definedbytheActtomeanandincludenotes,interimcertificatesorreceipts,temporarybonds,certificatesofindebtedness,debenturesorotherobligations)tofinancetheactivitiesoroperationspermittedandauthorizedtobeundertakenbytheAuthorityundertheAct;andWHEREAS,pursuanttoaResolutionadoptedbytheAuthorityonDecember13,1985(the“Resolution”)andaFirstSupplementalIndentureofTrustdatedasofDecember1,1985(the“FirstSupplementalIndenture”)betweentheAuthorityandtheTrustee,amendingandsupplementinganIndentureofTrustdatedasofMay1,1984betweentheAuthorityandtheTrustee(the“OriginalIndenture”togetherwiththeFirstSupplementalIdenture(the“Indenture))inordertofinancecertainundertakingsinconnectionwiththeProject,theAuthorityisissuing$2,200,000inaggregateprincipalamountitsTaxIncrementBonds,Series1985(the“Series1985Bonds”)and$1,320,000inaggregateprincipalamountoftheAuthority’sTaxIncrementBonds,Series1984(the“Series1984Bonds”);andWHEREAS,theSeries1984Bonds,theSeries1985BondsandanyAdditionalBonds,asdefinedintheIndenture(collectively,the“Bonds”)areandshallbespecial,limitedobligationsoftheAuthorityandaresecuredundertheIndenturebyanirrevocablepledgeoftheTrustEstate(asdefinedintheIndenture),whichincludescertaintaxincrementrevenues(the“PledgedRevenues”),consistingofcertainoftheTown’sincrementalsalestaxescollectedwithintheProjectArea(the“PledgedSalesTaxRevenues”)andcertainpropertytaxrevenuescollectedwithrespecttoincrementalincreasesinassessedvaluationofpropertieswithintheProjectArea(the“PledgedPropertyTaxRevenues”)allassetforthintheIndenture;andWHEREAS,inaccordancewiththeAct,theResolutionandtheIndenture,thePledgedSalesTaxRevenues(asdefinedintheIndenture)consistofthatportionofthesalestaxescollectedeachyearintheProjectAreabytheTownoverandabovethosecollectedintheProjectAreabytheTownduringthebaseyearperiodendingApril30,1983andrequiredtobeallocatedtotheAuthorityaftercertaindeductions,asmorefullydescribedherein;and-2- Q0WHEREAS,thePledgedPropertyTaxRevenuesconsistofthatportionofadvalorempropertytaxesproducedeachfiscalyearbythelevyattherespectiveratesfixedeachyearbyalltaxingentitiesintheProjectAreauponthatportionofthevaluationforassessmentofalltaxablepropertywithintheProjectAreawhichisinexcessofthevaluationforassessmentofalltaxablepropertywithintheProjectAreaonthePropertyTaxBaseDate(December31,1982);andWHEREAS,theTownisdulyorganizedandexistingasamunicipalcorporationandstatutorytownundertheColoradoConstitutionandthelawsoftheStateofColorado;andWHEREAS,pursuanttoPart1,Article2,Title29,ColoradoRevisedStatutestheTownimposesafourpercent(4%)municipalsalestaxwhicharecollectedbytheTownonorbeforethe20thdayofeachmonthforthepriormonth;andWHEREAS,salestaxrevenuescollectedfromtheProjectAreaeachmonthoverandabovetheSalesTaxBaseYear(asdefinedintheIndenture)arecreditedtotheAuthority’sTaxIncrementFund;andWHEREAS,propertytaxrevenuesarereceivedbytheTownfromLarimerCounty,Colorado(the“County”)onoraboutthe15thdayofeachmonth;andWHEREAS,pursuanttotheAct,thatportionofadvalorempropertytaxesproducedforeachfiscalyearuponthatportionofthevaluationforassessmentofalltaxablepropertywithintheProjectAreaabovethePropertyTaxBaseDateamountiscreditedbytheTowntotheAuthority;andWHEREAS,pursuanttoSection31-25-112oftheAct,theTownandtheAuthorityareauthorizedtoenterintocertaincooperationagreements;andWHEREAS,theTownandtheAuthoritypursuanttothetermsandconditionsofthisCooperationAgreementaredesirousofreachingcertainunderstandingsinordertofurthersecuretheBondsandfacilitatetheimplementationoftheUrbanRenewalPlan.NOW,THEREFORE,inconsiderationoftheforegoing,theAuthority,theTrusteeandtheTownherebyagreeasfollows:Section1.RatificationofPriorActs.AllactionsnotinconsistentwiththeprovisionsofthisCooperationAgreementheretoforetakenbyanyoftheofficialsoftheTownor—3— 0theAuthorityandtheeffortsoftheAuthorityandtheTowndirectedtowardtheissuance,saleanddeliveryoftheBondsandtheacquisition,constructionandcompletionoftheProjectshallbe,andthesameherebyare,ratified,approvedandconfirmed.Section2.AmendmentofUrbanRenewalPlan.TheTowncovenantsandagreesthatitshallcooperatewiththeAuthorityincarryingoutandcontinuingtocompletion,withallpracticabledispatch,theUrbanRenewalAuthorityProjectinaccordancewiththedutyoftheAuthoritysotodounderandinaccordancewiththeUrbanRenewalPlanandinasoundandeconomicalmanner.TheUrbanRenewalPlanmaybeamended,butnoamendmentshallbeapprovedbytheTownunlesstheAuthorityandtheTownshallhavereceivedanopinionofIndependentCounsel(asdefinedintheIndenture)totheeffectthatsuchamendmentwouldnotsubstantiallyimpairthesecurityfortheBondsortherightsoftheBondholders.Section3.CollectionofPledgedRevenues;ProhibitionofCertainChangesinSalesTax.TheTownherebyagreestoassisttheAuthoritybypursuingallofthelawfulproceduresandremediesavailabletoitinordertocollectthePledgedRevenuesforwhichtheTownisresponsibleonatimelybasis.TheTownfurthercovenantstodepositthePledgedRevenuesinthepossessionoftheTowndirectlywiththeTrusteeatthetimeandinthemannersetforthintheprovisionsofArticleIVoftheOriginalIndenture.AnyprovisionoftheAgreementimpactinguponthesecurityoftheBondsisherebysubordinatedtothetermsoftheIndenture.IntheeventthatanycooperationorotheragreementshallbenecessaryorappropriateinordertoaccomplishthecollectionsofPledgedRevenuesundertheIndentureortheaccomplishmentoftheProject,theTownagreestotakeallsuchactionasshallbenecessarytobeundertakenbytheTowninordertoapprovesuchcooperationagreements.Inordertosecurethetimelypaymentoftheprincipalof,premium,ifany,andinterestontheBonds,whethernowoutstandingorissuedinthefuture,theTowncovenantstoandwiththeownersofallBondsandtheAuthoritythat,solongasanyBondsshallremainoutstanding,theTownshallnotreducethepercentageofsalestaxbelowtheamountcurrentlybeingleviedandtheTownshallnotexemptfromthesalestaxanytransactionwhichiscurrentlysubjecttothesalestaxifsuchreductionorexemptionwould,basedupontheaverageretailsalswithintheProjectAreaduringthethree(3)calendaryearsprecedingsuchproposedreductionorexemption,resultinPledgedSalesTaxRevenuesoflessthan200%ofthethencurrentaverageannualdebtserviceonallBondsthenoutstanding.Section4.AppropriationofMunicipalSalesTax.TheTownherebyagreesduringitsannualbudgetdeliberationsto-4- 00considerayearlyappropriationtotheAuthorityofanamountequaltoonecent(l)ofthemunicipalsalestaxescollectedwithintheTown;however,theTowngivesnoassurancethatsuchappropriationshallbegranted.Section5.AmendmentsandWaivers.NoamendmentorwaiverofanyprovisionofthisCooperationAgreement,norconsenttoanydepartureherefrom,inanyeventshallbeeffectiveunlessthesameshallbeinwritingandsignedbythepartieshereto,andthensuchwaiverorconsentshallbeeffectiveonlyinthespecificinstanceandforthespecificpurposeforwhichgiven.Notwithstandingtheforegoing,noamendmentorwaiverofthisCooperationAgreementwhichshallaffecttherightsandbenefitsoftheBondholders(asdefinedintheIndenture)shallbeeffectiveuntiltherequirementsoftheIndenturehavebeensatisfied.Section6.Notices.AllnoticesandothercommunicationsbetweentheAuthority,theTrusteeandtheTownshallbeinwriting,shallbedeemedgivenwhenreceivedand,exceptasotherwiseprovided,shallbemailedbyregisteredorcertifiedmail,returnreceiptrequested,ordeliveredandreceiptthereofacknowledgedtothefollowingaddresses:iftotheAuthority,attheEstesParkUrbanRenewalAuthority,PostOfficeBox1200,170MacGregorAvenue,EstesPark,Colorado80517,Attention:Chairman,iftotheTrustee,atCentralBankofDenver,abankingcorporation,1515ArapahoeStreet,Denver,Colorado80202,Attention:CorporateTrustDepartmentandiftotheTownatTownofEstesPark,Colorado,PostOfficeBox1200,170MacGregorAvenue,EstesPark,Colorado80517,Attention:Mayor.ThepartiesheretoandtheTrusteemay,bynoticegivenhereunder,designateanyfurtherordifferentaddressestowhichsubsequentnoticesorothercommunicationsbetweenthepartiesheretoandtheTrusteeshallbesent.Section7.Severability.AnyprovisionofthisCooperationAgreementwhichisprohibited,unenforceableornotauthorizedinanyjurisdictionshall,astosuchjurisdiction,beineffectivetotheextentofsuchprohibition,unenforceabilityorlackofauthorizationwithoutaffectingthevalidity,enforceabilityorlegalityofsuchprovisioninanyotherjurisdiction.Section8.GoverningLaw.ThisCooperationAgreementshallbegovernedby,andconstruedinaccordancewith,thelawsoftheStateofCblorado.Section9.Headings.SectionheadingsinthisCooperationAgreementareincludedhereinforconvenienceofreferenceonlyandshallnotconstituteapartofthisCooperationAgreementforanyotherpurpose.-5- CCINWITNESSWHEREOF,thepartiesheretohavecausedthisCooperationAgreementtobedulyexecutedanddeliveredbytheirrespectiveofficersthereuntodulyauthorizedasofthedatefirstabovewritten.[SEAL]-ESTESPARKURBANRENEWALAUTHORITY(Authority)Attest:By____________________________ChairmanBy_________________________Secretary[SEAL]TOWNOFESTESPARK,COLORADO(Town)Attest:By____________________________MayorBy_________________________TownClerkprotern[SEAL]CENTRALBANKOFDENVER,abankingcorporation,(Trustee)Attest:By_______________TrustOfficerBy_________________________AssistantSecretary-6- 00ACKNOWLEDGEMENTSSTATEOFCOLORADOTOWNOFESTESPARK]•ss.COUNTYOfLARIMERTheforegoinginstrumentwasacknowledgedbeforemethis____dayofDecember1985byCharlesPhares,asChairmanoftheEstesParkUrbanRenewalAuthority,andbyArthurL.Anderson,asSecretaryoftheEstesParkUrbanRenewalAuthority.WITNESSmyhandandofficialseal.NotaryPublicfortheStateofColorado[SEAL]MyCommissionExpires:STATEOfCOLORADOTOWNOFESTESPARK1ss.COUNTYOfLARIMERTheforegoinginstrumentwasacknowledgedbeforemethis____dayofDecember1985byH.BernerdDannels,asMayoroftheTownofEstesPark,Colorado,andbyMonteL.Vavra,asTownClerkproternoftheTownofEstesPark,Colorado.WITNESSmyhandandofficialseal.Notary‘PublicfortheStateofColorado[SEAL]MyCommissionExpires:—7— C0STATEOfCOLORADOTOWNAND]ss.COUNTYOFDENVERTheforegoinginstrumentwasacknowledgedbeforemeasofthe____dayofDecember1985,byKennethB.BuckiusandDanielRich,asTrustOfficerandAssistantSecretary,respectively,ofCentralBankofDenver,abankingCorporation.WITNESSmyhandandofficialsealNotaryPublicfortheStateofColorado[SEAL]MyCommissionExpires:-8- 00RESOLUTIONTOAPPROPRIATESUMSOFMONEY24-85ARESOLUTIONAPPROPRIATINGSUMSOFMONEYTOTHEVARIOUSFUNDSANDSPENDINGAGENCIES,INTHEAMOUNTSANDFORTHEPURPOSESASSETFORTHBELOW,FORTHETOWNOFESTESPARK,COLORADO,FORTHE1986BUDGETYEAR.WHEREAS,theBoardofTrusteeshasadoptedtheannualbudgetinaccordancewiththeLocalGovernmentBudgetLawonNovember26,1985,and;WHEREAS,theBoardofTrusteeshasmadeprovisionthereinforrevenuesinanamountequaltoorgreaterthanthetotalproposedexpendituresassetforthinsaidbudget,and;WHEREAS,itisnotonlyrequiredbylaw,butalsonecessarytoappropriatetherevenuesprovidedinthebudgettoandforthepurposesdescribedbelow,soasnottoimpairtheoperationsoftheTown.NOW,THEREFORE,BEITRESOLVEDBYTHEBOARDOFTRUSTEESOFTHETOWNOFESTESPARK,COLORADO:THATthefollowingsumsareherebyappropriatedfromtherevenueofeachfund,toeachfund,forthepurposesstated:GeneralFund:CurrentOperatingExpenses$3,097,935CapitalOutlay1,315,590TOTALGENERALFUND$4,413,525GeneralRevenueSharingFund:$60,737StanleyParkFund:$348,467ConservationTrustFund:$5,000MuseumFund:$43,460 00LibraryFund:CurrentOperatingExpenses.$CapitalOutlay_________TOTALLIBRARYFUNDLightandPowerFund:CurrentOperatingExpenses$4,550,322CapitalOutlay1,510,500TOTALLIGHTandPOWERFUND$6,060,822WaterFund:CurrentOperatingExpensesCapitalOutlayTOTALWATERFUND$819,210328,740$1,147,950SelfInsuranceFund:Policemen’sPensionFund:Firemen’sPensionFund:GRANDTOTALADOPTEDthis26thdayofNovember,1985.$641,215$16,690$34,350$12,961,061ATTEST:TownClerkMayor173,37815,467$188,845—2— 00RESOLUTIONTOADOPTBUDGET23-85ARESOLUTIONSUMMARIZINGEXPENDITURESANDREVENUEFOREACHFUND,ANDADOPTINGABUDGETFORTHETOWNOFESTESPARK,COLORADO,FORTHECALENDARYEARBEGINNINGONTHE1stDAYOFJANUARY,1986,ANDENDINGONTHELASTDAYOFDECEMBER,1986.WHEREAS,theBoardofTrusteesoftheTownofEstesParkhaveappointedDaleG.Hill,TownAdministrator,toprepareandsubmitaproposedbudgettosaidgovernmentbodyatthepropertime,and;WHEREAS,upondueandpropernotice,publishedinaccordancewiththelaw,saidproposedbudgetwasopenforinspectionbythepublicatadesignatedplace,apublichearingwasheldonNovember26,1985,andinterestedtaxpayersweregiventheopportunitytofileorregisteranyobjectionstosaidproposedbudget,and;WHEREAS,whateverincreasesmayhavebeenmadeintheexpenditures,likeincreaseswereaddedtotherevenuessothatthebudgetremainsinbalance,asrequiredbylaw.NOW,THEREFORE,BEITRESOLVEDBYTHEBOARDOFTRUSTEESOFTHETOWNOFESTESPARK,COLORADO:Section1.Thatestimatedexpendituresforeachfundareasfollows:GeneralFund$GeneralRevenueSharingStanleyParkFundConservationTrustFundMuseumFundPublicLibraryFundLightandPowerFundWaterFundSelfInsuranceFundPolicemen’sPensionFundFiremen’sPensionFund4,413,52560,737348,4675,00043,460188,8456,060,8221,147,950641,21516,69034,350$12,961,061TOTAL GeneralFund:FromunappropriatedsurplusesFromsourcesotherthangeneralpropertytaxFromthegeneralpropertytaxlevyTOTALGENERALFUNDGeneralRevenueSharing:StanleyParkFund:ConservationTrustFund:MuseumFund:PublicLibraryFund:LightandPowerFund:FromunappropriatedfundsFromotherrevenuesourcesTOTALLIGHT&POWERFUNDWaterFund:FromunappropriatedfundsFromotherrevenuesourcesTOTALWATERFUNDSelfInsuranceFund:Policemen’sPensionFund:Firemen’sPensionFund:GRANDTOTAL3,531,200106,700$4,797,771$60,737$348,467$5,000$43,460$188,845$1,778,8625,500,500$7,279,362425,136907,814$1,332,950$641,215$539,647$271,566$15,509,020Section3.Thatthebudget,assubmitted,amended,andhereinabovesummarizedbyfund,beandthesameherebyis0Section2.asfollows:0Thattheestimatedresourcesforeachfundare.$1,159,871$—2— 00approvedandadoptedasthebudgetoftheTownofEstesPark,Colorado,fortheyearstatedabove.Section4.ThatthebudgetherebyapprovedandadoptedshallbesignedbytheMayorandTownClerkandmadeapartofthepublicrecordsoftheTown.ADOPTEDthis26thdayofNovember,1985.MayorATTEST:TownClerk—3— 0 0 RESOLUTION 22-85 BE IT RESOLVED BY THE BOARD OF TRUSTEES OF THE TOWN OF ESTES PARK,COLORADO: That the filing date of the application for Beer and Wine Liquor License to serve malt and vinous liquor filed by Hospitality Specialists,dba MOLLY B RESTAURANT,200 Moraine Avenue,Estes Park,Colorado,is November 21 1985,and it is hereby ordered that a public hearing on said application shall be held in the Board Room of the Municipal Building,170 MacGregor Avenue,on January 14,1986 at 7:30 P.M.,and that the neighborhood boundaries for the purpose of said application and hearing shall be the area included within a radius of 2.25 miles as measured from the center of the applicant’s property. ADOPTED:November 26,1985 22—85 C 0 RESOLUTION NO.21-85 BE IT RESOLVED BY THE BOARD OF TRUSTEES OF ESTES PARK, COLORADO: The Board of Trustees of the Town of Estes Park,Colorado, in accordance with Section 31-12—110,C.R.S.,hereby finds that with regard to the proposed annexation of the following described area that the requirements of the applicable parts of Section 31-12—104 and 31—12—105,C.R.S.,have been met;that an election is not required under Section 31-12-107 (2),C.R.S.;and that no additional terms and conditions are to be imposed on the annexation.The area eligible for annexation as “ARAPAHO MEADOWS ADDITION”to the Town of Estes Park is as follows: Beginning at the Northwest corner of Section 1,T4N,R73W, thence Easterly along the North line of said Section 1 1972.37’to the west line of Erickson’s Addition;thence leaving said North line South 550.4’to the southwest corner of Erickson’s Addition;thence along the south lines of Erickson’s,Dannels,Kidwell,and Pinewood Additions S 83°27’E 127.62’,and continuing S62°05”E 1224.4’to westerly right of way line of Colorado Highway #7;thence continuing S68°05’49”E 104.59’to easterly right of way of Colorado Highway #7;thence along said right of way S38°56’03”W 486.69’;thence N46°51’37”W 100.27’;thence N46°55’W 661.7’;thence S 88°31’W 450.9’; thence S 40°31’W 1,076.28’;thence N 51°05’W 322.42’; thence S 22°59’W 252.1’;thence S 12°49’W 311.9’;thence S 12°49’OO”W 0.98’;thence S 10°09’08”E 110.00’;thence S 88°25’Ol”W 356.34’;thence S 15°00’OO”W 374.37’to the northerly right-of-way line of Colorado State Highway 7;thence 437.48 feet along the arc of a non—tangent curve concave to the South and along said Northerly right-of-way line,said curve has a delta angle of 32°43’03”,a radius of 766.13 feet and is subtended by a chord which bears S 88°53’29”W a distance of 431.56’;thence continuing on said right—of—way Southwesterly along a curve concave to the Southeast,with a radius of 766.7’for a distance of 887.2’,resultant chord being S 89°02’W 838.1’;thence along said right-of—way S 05°50’W 550.2’;thence leaving said highway right-of-way S 89°29’W 752.7’to the West line of the East ½of Lot 7,Section 2,T4N,R73W;thence N 00°31’W 2969.0’to a point on the west line of Lot 1 of said section;thence N 00°38’30”W 483’more or less to U.S.B.L.M.brass cap #A.P.2;thence N 42°04’E 513.8’to U.S.B.L.M.brass cap #A.P.1;thence S 88°39’ E 985’to the point of beginning;containing 200.019 acres. DATED:October 22 ,1985. Mayor ATTEST: Town Clerk 21—85 00RESOLUTIONTOSETMILLLEVIES-20-85ARESOLUTIONLEVYINGGENERALPROPERTYTAXESFORTHEYEAR1986,TOHELPDEFRAYTHECOSTSOFGOVERNMENTFORTHETOWNOFESTESPARK,COLORADOFORTHE1986BUDGETYEAR.WHEREAS,theBoardofTrusteesoftheTownofEstesParkwilladopttheannualbudgetinaccordancewiththeLocalGovernmentBudgetLawonNovember26,1985,and;WHEREAS,theamountofmoneynecessarytobalancethebudgetforgeneraloperatingexpensesis$112,340and;WHEREAS,the1986netvaluationforassessmentfortheTownofEstesParkascertifiedbytheCountyAssessoris$28,085,080.NOW,THEREFORE,BEITRESOLVEDBYTHEBOARDOFTRUSTEESOFTHETOWNOFESTESPARK,COLORADO:ThatforthepurposeofmeetingallgeneraloperatingexpensesoftheTownofEstesParkduringthe1986budgetyear,thereisherebyleviedataxof4.00millsuponeachdollarofthetotalvaluationforassessmentofalltaxablepropertywithintheTownfortheyear1986.ThattheTownClerkisherebyauthorizedanddirectedtoimmediatelycertifytotheCountyCommissionersofLarimerCounty,Colorado,themillleviesfortheTownofEstesParkashereinabovedeterminedandset.ADOPTEDthis22nddayofOctober,1985.MayorATTESTTownClerk C)0CERTIFIEDRECORDOFPROCEEDINGSOFTHEBOARDOfTRUSTEESOFTHETOWNOFESTESPARK,COLORADORELATINGTOARESOLUTIONEXTENDINGACERTAINRESOLUTIONADOPTEDBYTHEBOARDOFTRUSTEESOFTHETOWNOFESTESPARK,COLORADOOctober22,1985 0STATEOFCOLORADOCOUNTYOFLARIMERTOWNOFESTESPARKIss0TheBoardofTrusteesoftheTownofEstesPark,Colorado,heldaregularmeetingatTheMunicipalBuilding,170MacGregor,inEstesPark,Colorado,onTuesday,the22nddayofOctober1985,atthehourof7:30p.m.ThefollowingmembersoftheBoardofTrusteeswerepresent,constitutingaquorum:Mayor:Trustee:Trustee:Trustee:Trustee:Trustee:Trustee:H.BernerdDannelsNorbertL.AldrichMarkT.BrownByronL.GravesGeorgeJ.HixPaulaL.LaingRichardWoodThefollowingmembersoftheBoardofTrusteeswereabsent:NoneThefollowingpersonswerealsopresent:TownAdministratorDaleG.HillTownAttorneyGregoryA.WhiteTownClerkVickieO’Connor—1— 00Themeetingwascalledtoorder.Thereupon,thefollowingproceedings,amongothers,werehadandtaken:TrusteeWoodintroducedandmovedtheadoptionofthefollowingResolutionwhichwasreadbytitle,withcopiesbeingdistributedinwrittenformtoallmembersoftheBoardandmadeavailabletothemembersofthepublicinattendance: 00RESOLUTIONNO.19-85ARESOLUTIONEXTENDINGACERTAINRESOLUTIONOFINTENTIONTOISSUEINDUSTRIALDEVELOPMENTREVENUEBONDSTOFINANCEASHOPPINGCENTERPROJECTFORJOHNR.P.WHEELERANDWILLIAMG.VANHORNWHEREAS,theTownofEstesPark,Colorado(the“Town”),abodypoliticandcorporateandapoliticalsubdivisionoftheStateofColorado,isauthorizedandempoweredbytheprovisionsoftheCountyandMunicipalityDevelopmentRevenueBondAct,constitutingpart1ofarticle3oftitle29,ColoradoRevisedStatutes(the“Act”),tofinanceaproject,asthattermisdefinedintheAct,andtoissueitsindustrialdevelopmentrevenuebondsforthepurposeofpayingthecostoffinancinganysuchproject;andWHEREAS,JohnR.P.WheelerandWilliamG.VanHornrepresentingtheDeveloper(the“Developer”),havepreviouslyrequestedtheTowntoissueandsellitsindustrialdevelopmentrevenuebondspursuanttoprovisionsoftheActforthepurposeofacquiring,constructingandequippingaretailcommercialfacilityconstitutingaretailshoppingcentertobelocatedonthenortheastcorneroftheintersectionofU.S.Highway34andU.S.Highway34BypasswithintheTownandconstitutingaproject,asthattermisdefinedintheAct(the“Project”);andWHEREAS,pursuanttoResolutionNo.39-84(the“ResolutionofIntention”)adoptedbytheTownonOctober23,1984,theTowndeclareditsintentiontoauthorizeanissueofitsindustrialdevelopmentrevenuebondsinanamountnottoexceed$9,500,000forthepurposeofpayingthecostoffinancingtheProject,whensorequestedbytheDeveloper,uponsuchtermsandconditionsasmaythenbeagreeduponbytheTownandtheDeveloper;andWHEREAS,unlessotherwiseextended,thecommitmentsoftheTowncontainedintheResolutionofIntentionaresettoexpireonOctober23,1935ifsaidindustrialdevelopmentrevenuebondsarenotissuedbysuchdate;andWHEREAS,saidindustrialdevelopmentrevenuebondswillnotbeissuedbyOctober23,1985andtheDeveloperhasrequestedthattheTownextenditscommitmentscontainedintheResolutionofIntentionuntilJune1,1986inordertofacilitatetheissuanceofsaidbonds;and—3— G0WHEREAS,theBoardofTrusteesoftheTownfindsthattheProjectwillpromoteeconomicdevelopmentandadditionalemploymentwithintheTown,thattheeconomicandotherbenefitstotheTownwillbesubstantialandthattheResolutionofIntentionshouldbeextendeduntilJune1,1986inorderthatthedevelopmentandfinancingoftheProjectmayproceed.NOW,THEREFORE,THEBOARDOFTRUSTEESOFTHETOWNOFESTESPARK,COLORADO,DOESHEREBYRESOLVE,ASFOLLOWS:Section1.TheTowndoesherebyaffirmandratifyitsintentiontoauthorizetheissuanceandsaleofitsindustrialdevelopmentrevenuebonds,underandinaccordancewiththeAct,inanamountnecessarytopaythecostoftheProject,butinnoeventtoexceed$9,500,000,anduponsuchtermsandconditionsasmaybemutuallyagreeduponbytheTownandtheDeveloper.Section2.ResolutionNo.39-84,adoptedbytheTownonOctober23,1984andthecommitmentsoftheTownandtheDeveloperthereincontainedareherebydeclaredtobevalidandbindingupontheTownandtheDeveloperuntilJune1,1986,unlessfurtherextendedbytheTown.Section3.THEINDUSTRIALDEVELOPMENTREVENUEBONDSANDTHEINTERESTTHEREONTOBEISSUEDINORDERTOFINANCETHEPROJECTSHALLBESPECIAL,LIMITEDOBLIGATIONSOFTHETOWNPAYABLESOLELYOUTOFREVENUESDERIVEDFROMTHEPROJECTANDSHALLNEVERCONSTITUTETHEDEBTORINDEBTEDNESSOFTHETOWNWITHINTHEMEANINGOfANYPROVISIONORLIMITATIONOfTHECOLORADOCONSTITUTIONORSTATUTES,ANDSHALLNOTCONSTITUTENORGIVERISETOAPECUNIARYLIABILITYOfTHETOWNORACHARGEAGAINSTITSGENERALCREDITORTAXINGPOWER.THEDEVELOPERWILLINDEMNIFYANDHOLDHARMLESSTHETOWNANDALLOFITSOFFICERS,AGENTSANDEMPLOYEESFROMANYPERSONALORPECUNIARYLIABILITYARISINGFROMANYTRANSACTIONCONTEMPLATEDBYTHEADOPTIONOFTHISRESOLUTION.Section4.NocostsaretobebornebytheTowninconnectionwiththetransactioncontemplatedbythisResolution.Section5.PriortotheexecutionofthenecessarydocumentsinconnectionwiththeissuanceofindustrialdevelopmentrevenuebondstofinancetheProject,suchdocumentswillbesubjecttoapprovalbyordinanceoftheBoardofTrusteespursuanttolaw.-4- 400Section6.Allordinances,orders,bylawsandresolutions,orpartsthereofinconflictwiththisresolutionareherebyrepealedtotheextentofsuchconflict.Thisrepealershallnotbeconstruedtoreviveanyorder,ordinance,bylaworresolution,orpartthereof,heretoforerepealed.Section7.Ifanysection,paragraph,clause,orprovisionofthisresolutionwiththeexceptionofanysection,paragraph,clauseorprovisionlimitingtheTown’sfinancialobligationshallforanyreasonbeheldtobeinvalidorunenforceable,theinvalidityorunenforceabilityofsuchsection,paragraph,clauseorprovisionshallnotaffectanyoftheremainingprovisionsofthisresolution.Section8.Thisresolutionshalltakeeffectimmediatelyuponitsintroducionandpassage.PassedandadoptedataregularmeetingoftheBoardofTrusteesoftheTownofEstesPark,Coloradothis22nddayofOctober1985.[SEAL]TOWNOFESTESPARK,COLORADOBy_____Attest:MyorByTownClerk-5- 0CThemotiontoadopttheforegoingResolutionwasdulysecondedbyTrusteeNix,andthequestionbeinguponthepassageandadoptionoftheresolution,therollwascalledwiththefollowingresult:ThoseVotingYes:TrusteesBrown,Graves,Nix,LaingandWoodThoseVotingNo:NoneThoseAbsent:NoneThoseAbstaining:TrusteeAldrichThereuponthepresidingofficerdeclaredsaidmotioncarriedandsaidresolutiondulypassedandadopted.AftertheconsiderationofotherbusinessunrelatedtotheindustrialdevelopmentrevenuebondsdescribedintheforegoingResolution,themeetingwasadjourned.[SEAL]TOWNOFESTESPARK,COLORADOBy_____________Attest:MayorByTownClerk-6- 00STATEOFCOLORADOCOUNTYOfLARIMER]ss.TOWNOFESTESPARKI,VickieO’Connor,thedulyqualifiedandactingTownClerkoftheTownofEstesPark,Colorado,doherebycertifythattheforegoingpagesnumbered1to6isatrue,perfectandcompletecopyoftherecordofproceedings,insofarassuchproceedingsrelatetotheresolutioncontainedtherein,oftheBoardofTrusteesoftheTownofEstesPark,Colorado,hadandtakenatalawfulmeetingoftheBoardheldattheMunicipalBuilding,170MacGregor,inEstesPark,Colorado,onTuesday,October22,1985,commencingatthehourof7:30p.m.,asrecordedintheregularofficialbookoftheproceedingsoftheTownkeptinmyoffice,saidproceedingsweredulyhadandtakenasthereinshown,themeetingthereinshownwasdulyheld,andthepersonsthereinnamedwerepresentandvotingatsaidmeetingasthereinshown.INWITNESSWHEREOF,IhavehereuntosetmyhandandaffixedthesealoftheTownthis22nddayofOctober1985.[SEAL]TownClerk—7- 0 0 R E S 0 L U T I 0 N 18-85 WHEREAS,the State of Colorado is conducting a one-time-only Tax Amnesty Program beginning September 16,1985 and ending November 15,1985,which is expected to generate at least $5 Million in tax and interest payments;and WHEREAS,Tax Amnesty will add many new names to the State’s tax rolls and enhance voluntary compliance among its partici pants,which directly benefits honest taxpayers who now pay in excess of 20 percent more taxes than is necessary to compensate for those who fail to pay their fair share;and WHEREAS,the State of Colorado is also committed to improv ing methods of detecting tax evasion and will increase penalties for delinquent taxpayers and tax evaders after Tax Amnesty;and WHEREAS,the Board of Trustees of the Town of Estes Park, Colorado recognize the importance of voluntary tax compliance among individuals and businesses for the benefit of all residents of the State of Colorado; NOW,THEREFORE,BE IT HEREBY RESOLVED that the Board of Trustees of the Town of Estes Park,Colorado support the State of Colorado Tax Amnesty and encourages all citizens for whom this program is applicable to participate in it. Dated this day of __________________, 19 TOWN OF ESTES PARK,COLORADO APPROVED: Mayor ATTEST: 7LW -Town Clerk 18—85 RESOLUTION 17-85 WHEREAS,the Board of Trustees of the Town of Estes Park has been presented with a copy of the National Electrical Code,1924 edition;and WHEREAS,the Board of Trustees of the Town of Estes Park desires to set a public hearing on the adoption of said National Electrical Code,by reference. NOW,THEREFORE,BE IT RESOLVED BY THE BOARD OF TRUSTEES OF THE TOWN OF ESTES PARK,COLORADO: 1.That a public hearing shall be held on an ordinance amending Chapter 14 of the Municipal Code of the Town of Estes Park,Colorado,the same pertaining to the adoption of the National Electrical Code,1984 Edition.Said hearing shall be held on the 16th day of September ,1925,at the hour of 7:30 P.M.in the Board Room of the Municipal Building, 170 MacGregor Avenue,Estes Park,Colorado. 2.The Town Clerk is hereby authorized to give the notice as required by law. DATED:qist 27 ‘1985. TOWN OF ESTES PARK,COLORADO APPROVED: Mayor ATTEST: 7’LcL ( Town Clerk 17—85 0 0 RESOLUTION 16-85 WHEREAS,Harry B.Tregent has served the people of Estes Park for many,many years in a variety of capacities;and WHEREAS,Harry B.Tregent was most recently Mayor of the Town of Estes Park from 1972 to 1984;and WHEREAS,Harry B.Tregent was elected and served as Trustee for the Town of Estes Park from 1964 to 1972;and WHEREAS,Harry B.Tregent also served Estes Park in other capacities,such as: Estes Park Sanitation District, Estes Park Volunteer Fire Department, Estes Park Planning Commission, Platte River Power Authority, Six City Water Committee, and a life time of many other committees and boards. NOW,THEREFORE,BE IT RESOLVED BY THE BOARD OF TRUSTEES OF THE TOWN OF ESTES PARK,COLORADO,that the area now known as “Riverfront Park”be and is hereby officially named “TREGENT PARK.” Dated:July 23 ,1985 TOWN OF ESTES PARK,COLORADO H.‘Bernerd Dannels,Mayor 16—85 0 0 RESOLUTION 15-85 BE IT RESOLVED BY THE BOARD OF TRUSTEES OF THE TOWN OF ESTES PARK,COLORADO: That the filing date of the application for Change in Class of a Tavern Liquor License to a Hotel and Restaurant Liquor License,including a Change of Trade Name to sell malt,vinous and spirituous liquor filed by R G &L,Inc.,dba BLACK CANYON INN,located at 800 MacGregor Avenue,Estes Park, Colorado,is July 15,1985,and it is hereby ordered that a public hearing on said application shall be held in the Board Room of the Municipal Building,170 MacGregor Avenue,on August 27,1985 at 7:30 P.M.,and that the neighborhood boundaries for the purpose of said application and hearing shall be the area included within a radius of 2.70 miles as measured from the center of the applicant’s property. ADOPTED:July 23,1985 15—85 0 0 RESOLUTION NO.14-85 BE IT RESOLVED BY THE BOARD OF TRUSTEES OF THE TOWN OF ESTES PARK,COLORADO: The Board of Trustees of the Town of Estes Park,Colorado, in accordance with Section 31—12-107 (1)(g),C.R.S.1973,hereby states its intention to annex the area described herein.The Board of Trustees finds and determines that the Petition filed with the Town requesting annexation of the area described herein is in substantial compliance with Section 31—12—107 (1),C.R.S. 1973.The Board of Trustees further finds and determines that the Petition is signed by persons comprising more than fifty percent (50%)of the area,excluding public streets,and alleys and any land owned by the annexing municipality.Such area,if annexed,will be known as “APAPAHO MEADOWS ADDITION”to the Town of Estes Park,Colorado.Such area is described as follows: ABAPAHO MEADOWS ADDITION to the Town of Estes Park,Colorado, portions of Lots 2,3,4,and 5,Section 1,Township 4 North,Range 73 West of the 6th P.M.,and Lots 1,6,and 7,Section 2,Township 4 North,Range 73 West of the 6th P.M., being more particularly described as follows: Beginning at the Northwest corner of Section 1,Township 4 North,Range 73 West of the 6th P.M.,thence Easterly along the North line of said Section 1 1972.37’to the West line of Erickson’s Addition;thence leaving said North line South 550.4’to the Southwest corner of Erickson’s Addition;thence along the South lines of Erickson’s,Dannels,Kidwell,and Pinewood Additions S83°27’E 127.62’,and continuing S88°05’E 1224.0’to the Northerly right-of-way of Colorado State Highway 7; thence leaving said South lines,along said right-of-way S38°55’W 448.7’;thence leaving said right—of—way N46°55’W 661.67’;thence S88°3l’W 450.9’;thence S40°31’W 1076.28’; thence N51°05’W 322.42’;thence S22°59’W 252.1’;thence Sl2°49’W 311.9’;thence Sl2°49’W 0.98’;thence Sl0°09’08”E 110.00’;thence S88°25’Ol”W 356.34’;thence Sl5°00’OO”W 374.37’to the Northerly right-of—way line of Colorado State Highway 7;thence 437.48’along the arc of a non-tangent curve concave to the South &along said Northerly right-of- way line,said curve has a delta angle of 32°43’03”,a radius of 766.13’and is subtended by a chord which bears N88°53’29”E a distance of 431.56’;thence continuing on said right-of-way Southwesterly along a curve concave to the Southeast,with a radius of 766.7’for a distance of 887.2’,a resultant chord bearing S89°02’W 838.1’;thence along said right—of—way S05°50’W 550.2’;thence leaving said highway right-of—way S89°29’W 752.7’to the West line of the East 1/2 of Lot 7, Section 2,Township 4.North,Range 73 West;thence N00°3l’W 2969.0’to a point on the West line of Lot 1 of said Section 2;thence N00°38’30”W 483’more or less to the U.S.B.L.M. brass cap #A.P.2;thence N42°04’E 513.8’to the U.S.B.L.M. brass cap #A.P.1;thence S88°39’E 985’to the Point of Beginning,containing 199.01 acres. 14—85,Pg.1 Q 0 IT IS FURTHER RESOLVED,That this annexation plat is referred to the Planning Commission of the Town of Estes Park for the review of said annexation plat and,also,to make said property subject to zoning of the Municipal Code of the Town of Estes Park,pursuant to the provisions of Section 31—12—115,C.R.S.1973. IT IS FURTHER RESOLVED,That in accordance with Section 31—12—108,C.R.S.1973,a public hearing shall be held on August 27,1985,at 7:30 P.M.in the Municipal Building, located at 170 MacGregor,Estes Park,Colorado,for the purpose of determining if the proposed annexation complies with the applicable provisions of Sections 31-12-104 and 31-12-105, C.R.S.1973. IT IS FURTHER RESOLVED,That the Town Clerk shall give the notice of the hearing as provided in Section 31—12—108 (2), C.R.S.1973. DATED this 23rd day of July ,1985. Mayor ATTEST: —2— 14—85,Pg.2 0 R E S 0 L U T I 0 N 13-85 WHEREAS,Thomas and Jean Sutherland are members of the community of Estes Park;and WHEREAS,Thomas and Jean have involved themselves in the betterment of our Country;and WHEREAS,Thomas and Jean have endeared themselves to friends and acquaintances alike in Estes Park through their dedicated service to our Country; WHEREAS,Thomas Sutherland was abducted June 9,1985 in Lebanon and is being held hostage. NOW,THEREFORE,BE IT RESOLVED THAT THE BOARD OF TRUSTEES OF THE TOWN OF ESTES PARK,COLORADO enlists full support and earli est possible reunion of Thomas and Jean Sutherland,other hos tages and their families. Dated:July 9,1985 13—85 0 0 RESOLUTION 12-25 BE IT RESOLVED BY THE BOARD OF TRUSTEES OF THE TOWN OF ESTES PARK,COLORADO: That in compliance with Section 3.05.040(2)of the Muni cipal Code of the Town of Estes Park,Colorado,the percentage of rental payments to be refunded to the elderly residents shall be $0.0047 of the rental payments made during 1984. ADOPTED:July 9,1985 Formulas for tax refunds to the elderly —1985: Property Owners:$0.00382 x assessed valuation =refund. Renters:(Established by Resolution by the Board of Trustees according to Section 3.05.040). 0.00381 0.00382Owners:0.00469 = x =$0.0047 12—85 o 0 RESOLUTION 11-85 BE IT RESOLVED that on June 10,1985,the Board of Trustees of the Town of Estes Park,Colorado,endorsed the Master Develop ment,Improvement and Phase Plan for SKI ESTES PARK at HIDDEN VALLEY prepared by Philip Flores and Associates,as presented by Jim Horton. FURTHER,BE IT RESOLVED,that the Board of Trustees recog nizes that the total plan,as proposed,constitutes a major undertaking which must be approved by the National Park Service and the Estes Valley Board of Directors and that time being of the essence,strongly encourages both entities,the Park Service and the Recreation and Park District Board,to actively pursue, on a timely basis the approval and implementation of Phase One, as presented.The Board of Trustees recognizes that each phase must stand on its own merit and each should have individual approval.Although the Board of Trustees endorses the Plan in total,this resolution emphasizes the necessity to quickly move forward on Phase One. THIS RESOLUTION abundantly recognizes the many benefits Ski Estes Park provides for the Estes Park community;however,the financial impact on the total area cannot be overemphasized. DATED: _______________________, 1985. TOWN OF ESTES PARK,COLORADO Approved: Mayor ATTEST: Town Clerk 11—85 F C a RESOLUTION 10-85 BE IT RESOLVED BY THE BOARD OF TRUSTEES OF THE TOWN OF ESTES PARK,COLORiDO: WHEREAS,unforeseen conditions have developed in the Estes Park Public Library Fund,and the Firemen’s Pension Fund;and WHEREAS,said conditions will continue unless additional funds are provided in the budget year 1985;and WHEREAS,there are adequate funds available in the Capital Reserve Fund of the Library and the Fund Balance of the Firemen’s Pension Fund to fund the additional budget;and WHEREAS,the Board of Trustees of the Town of Estes Park, Colorado believes an emergency exists which could not have reasonably been foreseen at the time of the adoption of the budget for the year 1985. NOW,THEREFORE,BE IT RESOLVED,by the Board of Trustees of the Town of Estes Park,Colorado as follows: That the sum of $5,000.00 be expended from the Estes Park Library Fund and that these funds be transferred from the Library Capital Reserve.That the sum of $4,600.00 be expended from the Firemen’s Pension Fund and that these funds be transferred from the Fund Balance. Dated this /t’day of _______________, 19 á Mayor ATTEST: Town Clerk Publish:Friday.June 14.1985 10—85 C C RESOLUTION 9-85 WHEREAS,the Town of Estes Park owns real property in the Town known as the Ida Mae Morris property;and WHEREAS,the Town has not used said real property for any governmental purpose;and WHEREAS,pursuant to the provisions of Section 31-25- 112(1)(a),C..R.S.,the Town has the authority to convey the Town’s property to the Estes Park Urban Renewal Authority; and WHEREAS,the Town desires to convey the Ida Mae Morris property to the Estes Park Urban Renewal Authority to be used in furtherance of the Estes Park Downtown Redevelopment Program. NOW,THEREFORE,BE IT RESOLVED BY THE BOARD OF TRUSTEES OF THE TOWN OF ESTES PARK,COLORADO: 1.The Town of Estes Park shall convey the real property known as the Ida Mae Morris property to the Estes Park Urban Renewal Authority. 2.The Mayor and Town Clerk are hereby authorized to execute a deed to said property conYeying the same to the Estes Park Urban Renewal Authority in fee simple. 3.The property shall be conveyed to the Estes Park Urban Renewal Authority for its use in furtherance of the provisions of the Estes Park Downtown Redevelopment Program. DATED:/,1985. TOWN OF ESTES PARK,COLORADO APPROVED: Mayor ATTEST: /1 -J Town Clerk 9—85 o 0 RESOLUTION 8-85 WHEREAS,the Town of Estes Park has employees rendering valuable services;and WHEREAS,the establishment of a Money Purchase Plan will benefit employees by providing funds for retirement and funds for their beneficiaries in the event of death;and WHEREAS,the establishment of a Money Purchase Plan will assist the Town of Estes Park to attract and retain qualified personnel;and WHEREAS,the Town of Estes Park desires that its Money Purchase Plan be administered by the ICMA Retirement Corporation; NOW,THEREFORE,BE IT RESOLVED that the Town of Estes Park establishes a Money Purchase Plan in the form of the ICMA Retire ment Corporation Prototype Money Purchase Plan and Trust,pursu ant to the specific provisions of the executed Adoption Pgree ment.The Plan and the Trust forming a part hereof are estab lished and shall be maintained for the exclusive benefit of eligible employees and their beneficiaries. DATED:April 23 ,1985 TOWN OF ESTES PARK,COLORADO Approved: H.Bernerd Dannels,Mayor ATTEST: Town Clerk 8—85 0 0 RESOLUTION 7-85 BE IT RESOLVED BY THE BOARD OF TRUSTEES OF THE TOWN OF ESTES PARK,COLORADO: That the filing date of the application for a Li quor-Licensed Drug Store (Change of Location and Trade Name)to sell malt,vinous and spirituous liquor filed by Aldrich Enterprises,Inc.,dba STANLEY VILLAGE PHARMACY,to be located at 453 East Wonderview Avenue,Estes Park,Colorado,is April 22, 1985,and it is hereby ordered that a public hearing on said application shall he held in the Board Room of the Municipal Building,170 MacGregor Avenue,on May 28,1985 at 7:30 P.M.,and that the neighborhood boundaries for the purpose of said application and hearing shall be the area included within a radius of 3.1 miles as measured from the center of the applicant’s property. ADOPTED:April 23,1985 7—85 0 0 RESOLUTION 6-85 BE IT RESOLVED BY THE BOARD OF TRUSTEES OF THE TOWN OF ESTES PARK,COLORADO: That the filing date of the application for a Beer and Wine License to sell malt and vinous liquor filed by Samuel A.Parker, dba SGT.PEPPERWOOD’S,to be located at 101 West Elkhorn Avenue, Suite F,Estes Park,Colorado,is March 18,1985,and it is hereby ordered that a public hearing on said application shall be held in the Board Room of the Municipal Building,170 MacGregor Avenue,on April 23,1985 at 7:30 P.M.,and that the neighborhood boundaries for the purpose of said application and hearing shall be the area included within a radius of 2.74 miles as measured from the center of the applicant’s property. ADOPTED:March 26,1985 6—85 0 0 RESOLUTION 5-85 BE IT RESOLVED BY THE BOARD OF TRUSTEES OF THE TOWN OF ESTES PARK,COLORADO: That the filing date of the application for a 3.2%Retail Beer License to sell 3.2%fermented malt beverage filed by Safeway Stores,Inc.,to be located at 451 East Wonderview Avenue,Estes Park,Colorado,is February 26,1985,and it is hereby ordered that a public hearing on said application shall be held in the Board Room of the Municipal Building,170 MacGregor Avenue,on March 26,1985 at 7:30 P.M.,and that the neighborhood boundaries for the purpose of said application and hearing shall be the area included within a radius of 3.1 miles as measured from the center of the applicant’s property. ADOPTED:February 26,1985 5—85 RESOLUTION4-850STATEOFCOLORADO))COUNTYOFLARIMER)SS.TOWNOFESTESPARK)TheBoardofTrustees(the“Board”)oftheTownofEstesPark,Colorado,metinregularsessiononFebruary26—,1985,at..L:...9.m.,atMunicipalBuildina,170MacGrecTorAvenue,inEstesPark,Colorado,infullconformitywiththelawandtheresolutionsandrulesoftheTownofEstesPark.Uponrollcall,thefollowingwerefoundtobepresent,constitutingaquorum:Present:Mayor:H.B.DannelsOtherMembersoftheBoard:_NorbertL.AldrichByronL.GravesGeorcTeJ.Hix-PaulaI.LaingVRichardA.WoodAbsent:MarkT.BrownconstitutingallthemembersoftheBoard.VTherewerealsopresent:TownClerk:VickieO’ConnorTownAttorney:GreqoryA.WhiteThereupon,thefollowingproceedings,amongothers,werehadandtaken.RichardA.Woodintroducedaresolution,thetextofwhichisasfollows:4—85 00RESOLUTIONAUTHORIZINGTHETRANSFERTOLARIMERCOUNTY,COLORADOOFTHEALLOCATIONOFTHETNOFESTESPARK,COLORADOUNDERFEDERALANDSTATELAWTOFINANCEMORTGAGELOANSTOPROVIDEMOREADEQUATERESIDENI’IALHOUSflFACILITIESFORLOW—ANDMIDDLE-INCOMEFAMILIESANDPERSONSWITHINLARIMERCOUNTYANDWITHINTHETOWNOFESTESPARK;ANDAUTHORIZINGTHEEXECUTIONANDDELIVERYBYTHETNOFESTESPARKOFALLOCATIONTRANSFERAGREEMENTS.WHEREAS,theTownofEstesPark,Colorado(the“Town”)andLarimerCounty,Colorado(the“County”)areeachauthorizedbytheCountyandMunicipalityDevelopmentRevenueBondAct,constitutingArticle3ofTitle29,ColoradoRevisedStatutes(the“ProjectAct”),toissuerevenuebondsforthepurposeoffinancingmortgageloanstoprovidemoreadequateresidentialhousingfacilitiesforlow—andmiddle—incomefamiliesandpersons(the“SingleFamilyRevenueBonds”);and-WHEREAS,Section103AoftheInternalRevenueCodeof1954(the“Code”)restrictstheamountoftaxexnptobligationswhichmaybeissuedbytheColoradoHousingFinanceAuthority(the“Authority”)andlocalgovernmentalunitsintheStateofColorado(the“State”)tofinancesingle—familymortgagestoanamountnotexceedingtheStateCeilingasdefinedintheCode(the“StateCeiling”);andWHEREAS,theCodespecifiesanallocationformulatobeusedtodetermineallocationsoftheStateCeilingamountamongtheAuthorityandlocalgovernmentalunits,whichformula,forthelocalgovernmentalunits,isbasedonhistoricalmortgagelendingactivityineachsuchlocalgovernmentalunit;andWHEREAS,pursuanttotheCode,theStatehadprovidedforaformulaforallocationoftheStateCeilingamongthegovernmentalunitsintheStateinamannerdifferentfromthefederalallocationformula,inPart8ofArticle4ofTitle29ofColoradoRevisedStatutesuntilsuchactwasrepealed,effectiveJanuary1,1985;andWHEREAS,HouseBill1108(the“AllocationAct”),currentlypendingintheStatelegislature,providesanewallocationformulaoftheStateCeilinginamannerdifferentfromthefederalallocationformulaanditisanticipatedthatHouseBill1108willbecomeeffectivesometimethisyear;andWHEREAS,wheretherearegovernmentalunitsintheStatewithoverlappingjurisdictions,theCodeauthorizesthegovernmentalunitwithjurisdictionoverthesmallestgeographicalareatoallocateallorapartofsuchoverlappingareatothegovernmentalunithavingjurisdictionofthenextsmallestgeographicalareaandotherwiseauthorizedtoissuebondstofinancesingle—familymortgagesandtoaccepttransfersofsuchallocations;and G0WHEREAS,theTowndesirestoallocatealloftheareawithinitsjurisdictiontoLarimerCountyfortheyear1985forLarimerCounty’suseindeterminingitsallocationundertheCodeorallofitsanticipatedallocationamountundertheAllocationActforLarimerCounty’suseindeterminingitstotalallocationundertheAllocationActforthepurposeoffinancingmortgageloanstoprovidemoreadequateresidentialhousingfacilitiesforlow—andmiddle—incomefamiliesandpersonswithinLarimerCountyandtheTown;WHEREAS,itisnecessarytoevidencesuchtransferofareapursuanttotheCodeandtheacceptanceofsuchtransferbytheFederalAllocationTransferAgreement(the“FederalAllocationTransferAgreement”)presentedtotheBoardofTrustees(the“Board”)atthismeetingwhichwillbeexecutedanddeliveredby-theTownandLarimerCounty;andWHEREAS,itnaybenecessarytoevidencesuchtransferofallocationpursuanttotheAllocationActandtheacceptanceofsuchtransferbytheStateAllocationTransferAgreement(the“StateAllocationTransferAgreement”)presentedtotheBoardatthismeeting,whichwillbeexecutedanddeliveredbytheTownandLarimerCountyintheeventthattheAllocationActbecomeseffectivebeforeLarimerCountyissuesitsSingleFamilyRevenueBonds.-NOW,THEREFORE,BEITRESOLVEDBYThEBOARDOFTRUSTEESOFTHETOWNOFESTESPARK,COLORADO:Section1.Theforms,termsandprovisionsoftheFederalAllocationTransferAgreementherebyareapprovedandtheMayoroftheTownandtheTownClerkherebyareauthorizedanddirectedtoexecuteanddelivertheFederalAllocationTransferAgreement.Section2.Theforms,termsandprovisionsoftheStateAllocationTransferAgreementherebyareapprovedandtheMayoroftheTownandtheTownClerkherebyareauthorizedanddirectedtoexecuteanddelivertheStateAllocationTransferAgreementintheeventthattheAllocationActbecomeseffectivebeforeLarimerCountyissuesitsSingleFamilyRevenueBonds.Section3.TheMayorandtheTownClerkherebyareauthorizedanddirectedtotakesuchotherstepsoractionsasmayberequiredtocarryoutthetermsandintentofthisresolution,theFederalAllocationTransferAgreementandtheStateAllocationTransferAgreement.Section4.Nothingcontainedinthisresolution,intheFederalAllocationTransferAgreementorintheStateAllocationTransferAgreementshallobligatetheTown,excepttotheextentdescribedintheFederalAllocationTransferAgreementandintheStateAllocationTransferAgreement,norconstitutethedebtor—2— aQ0INWITNESSWHEREOF,thepartiesheretohaveenteredintothisFederalAllocationTransferAgreementthisdayof_____________,1985.THETOWNOFESTESPARK,COLORADO(SEAL)By-MayorAttest:7CLTownClerk-LARIMERCOUNTY,COLORADO(SEAL)By-ChairmanoftheBoardofCountyCommissionersAttest:CountyClerk—3— 00AmotiontoadopttheforegoingresolutionwasthendulymadebyRichardA.WoodanddulysecondedbyGeorgeJ.HixThequestionbeinguponthepassageandadoptionoftheresolution,therollwascalledwiththefollowingresult:ThoseVotingAye:NorbertL.AldrichByronL.GravesGeorgeJ.HixPaulaL.LaingRichardA.WoodThoseVotingNay:NoneThoseAbsent:MarkT.BrownThereupon,thepresidingofficerdeclaredthemotioncarriedandtheresolutiondulypassedandadopted.Afterotheractionorbusinessnotrelatedtotheforegoingresolution,onmotiondulymade,secondedandadopted,themeetingthereuponadjourned.—4— 0•0STATEOFCOLORADO))COUNTYOFLARIMER)SS.TOWNOFESTESPARK)I,VickieO’Connor,thedulyqualifiedandactingTownClerkoftheTownofEstesPark,Colorado(theTown9,intheStateofColorado,doherebycertify:-1.Theforegoingpagesnumbered—1—to—4—,inclusive,areatrue,perfectandcompletepyoftherecordofproceedingsoftheBoardofTrusteesoftheTown(theBoard)hadandtakenatalawfulmeetingoftheBoardheldatMunicipalBuilding170MacGregorAvenue,inEstesPark,ColoradoonFebruary26—,19845atL.:iQp.m.,asrecordedintheregularofficialbookoftheproceedingsoftheTownkeptinmyofficesofarastheproceedingsrelatetotheresolutionthereinsetforth,theproceedingsweredulyhadandtakenasthereinshown,themeetingthereinshownwasdulyheld,andthepersonsthereinnamedwerepresentatthemeetingasthereinshown.2.AllmembersoftheBoardweredulynotifiedofthemeeting,pursuanttolaw.INWITNESSWHEREOF,IhavehereuntosetmyhandandaffixedthesealoftheTownthis28thdayofFebruary,1985.-..iCTownClerk(SEAL)—5— CFEDERALALLOCATIONTRANSFERAGREEMENTThisFederalAllocationTransferAgreementisbetweentheTownofEstesPark,Colorado(the“Town”)andLarimerCounty,Colorado(the“County”).-1.PreliminaryStatement.AmongthemattersofmutualinducementwhichhaveresultedintheexecutionofthisFederalAllocationTransferAgreementarethefollowing:(a)TheTownandtheCountyareeachauthorizedbytheCountyandMunicipalityDevelopmentRevenueBondAct,constitutingArticle3ofTitle29,ColoradoRevisedStatutes(the“Act”),tofinancepropertiestotheendthatmoreadequateresidentialhousingfacilitiesforlow—andmiddle—incomefamiliesandpersonsmaybeprovided.(5)Section103AoftheInternalRevenueCodeof1954(the“Code”)restrictstheamountoftaxexnptobligationswhichmaybeissued-bytheColoradoHousingFinanceAuthority(the“Authority”)andlocalgovernmentalunitsintheStateofColorado(the“State”)tofinancesingle—familymortgagestoanamountnotexceedingtheStateCeilingasdefinedintheCode(the“StateCeiling”)Cc)TheCodespecifiesanallocationformulatobeusedtodetermineallocationsoftheStateCeilingamountamongtheAuthorityandlocalgovernmentalunits,whichformula,forthegovernmentalunitsisbasedonhistoricalmortgagelendingactivityineachsuchlocalgovernmentalunit.Cd)PursuanttotheCode,theStatehadprovidedforafor—mulaforallocationoftheStateCeilingamongthegovernmentalunitsintheStatedifferentfromthefederalallocationformula,inPart8ofArticle4ofTitle29ofColoradoRevisedStatutes,untilsuchactwasrepealed,effectiveJanuary1,1985.Ce)WheretherearegovernmentalunitsintheStatewithoverlappingjurisdictions,theCodeauthorizesthegovernmentalunitwithjurisdictionoverthesmallestgeographicalareatotransferallorpartofsuchoverlappingareatothegovernmentalunithavingjurisdictionofthenextsmallestgeographicalareaandotherwiseauthorizedtoissuebondstofinancesingle-familymortgagesandto•accepttransfersofsuchallocations.Cf)NeithertheexecutionanddeliveryofthisFederalAllocationTransferAgreement,theconsummationofthetransactions C0contemplatedhereby,northefulfillmentoforcompliancewiththetermsandconditionsofthisFederalAllocationTransferAgreementconflictswithorresultsinabreachofanyoftheterms,conditionsorprovisionsofanylegalrestrictionoranyagreementorinstrumenttowhichtheTownortheCountyisnowapartyorbywhichtheTownortheCountyisbound,orconstitutesadefaultunderanyoftheforegoing.2.TransfersbytheTown.PursuanttotheCode,theTownallocatesalloftheareawithinitsjurisdictiontotheCountyfortheyear1985fortheCounty’suseindeterminingitsallocationundertheCodeandtoprovidemoreadequateresidentialhousingfacilitiesforlow—andmiddle—incomefamiliesandpersonswithintheCountyandtheTown.TheTowncovenantssolongasthisFederalAllocationTransferAgreementremainsineffectduring1985thatbeforeJanuary1,1986itwillnotissueanybonds,notesorothersecuritiesundertheActtofinancemortgageloansforresidentialhousingfacilitiesforlow—andmiddle—incomefamiliesorpersonswithintheTownortransferanyportionofitsallocationundertheCodeoranyStatelawtoanothergovernmentalunit.3.pcceptanceofTransfersbytheCounty.PursuanttotheCode,theCountyherebyacceptstheallocationstoitbytheTownoftheareawithinthejurisdictionoftheTownfortheyear1985fortheCounty’suseindeterminingtheCounty’sallocationundertheCode.4.GeneralProvisions.(a)ThisFederalAllocationTransferAgreementisherebydeclaredirrevocableduringthetermoftheagreementstobeenteredintobytheCountyandthefinancialinstitutionswhichwilloriginateandservicethemortgageloans,andthisFederalAllocationTransferAgreementshallterminateupontheterminationofsuchagreements.fb)ThisFederalAllocationTransferAgreementshallauto—maticallyterminateontheeffectivedateofanyStatelawprovidingaformulaforallocationoftheStateCeilingdifferentthantheallocationformulaundertheCodeiftheCountyhasnotbythatdateissueditsrevenuebondsundertheActforthepurposeoffinancingmortgageloanstoprovidemoreadequateresidentialhousingfacilitiesforlow—andmiddle-incomefamiliesandpersonswithintheCountyandtheTown.—2— 0indebtednessoftheTownwithinthemeaningoftheConstitutionorstatutesoftheStateorthehomerulecharterofanypoliticalsubdivisionthereof,norgiverisetoapecuniaryliabilityoftheTcnorachargeagainstitsgeneralcreditortaxingpowers.Section5.Ifanysection,paragraph,clauseorprovisionofthisresolutionshallforanyreasonbeheldtobeinvalidorunenforceable,theinvalidityorunenforceabilityofsuchsection,paragraph,clauseorprovisionshallnotaffectanyoftheremainingprovisionsofthisresolution.Section6.Allaction(notinconsistentwiththeprovisionsofthisresolution)heretoforetakenbytheBoardandtheoffi—cersoftheTowndirectedtowardtheauthorizationoftheFederalAllocationTransferAgreementandtheStateAllocationTransferAgreementherebyisratified,approvedandconfirmed.Section7.Thisresolutionshallbeinfullforceandeffectuponitspassageandapproval.PASSED,ADOPTEDANDAPPROVEDthis2dayof__________1985.AMayor(SEAL)Attest2.TownClerk—3— 00•STATEALLOCATIONTRANSFERAGREEMENTThisStateAllocationTransferAgreementisbetweentheTownofEstesPark,Colorado(the“Town”)andLarimerCounty,Colorado(the“County”).1.PreliminaryStatement.AmongthemattersofmutualinducementwhichhaveresultedintheexecutionofthisStateAllocationTransferAgreementarethefollowing:(a)TheTownandtheCountyareeachauthorizedbytheCountyandMunicipalityDevelopmentRevenueBondAct,constitutingArticle3ofTitle29,ColoradoRevisedStatutes(the“ProjectAct”),tofinancepropertiestotheendthatmoreadequateresidentialhou—ingfacilitiesforlow-andmiddle—incomefamiliesandpersonsmaybeprovided.Cb)Section103AoftheInternalRevenueCodeof1954(the“Code”)restrictstheamountoftaxexemptobligationswhichmaybeissuedbytheColoradoHousingFinanceAuthority(the“Authority”)andlocalgovernmentalunitsintheStateofColorado(the“State”)tofinancesingle—familymortgagestoanamountnotexceedingtheStateCeilingasdefinedintheCode(the“StateCeiling”).(c)PursuanttotheCode,theStatehasprovidedforafor—mulaforallocationoftheStateCeilingamongthegovernmentalunitsintheStatedifferentfromthefederalallocationformula,inarecentlyenactedlaw(the“AllocationAct”).Cd)TheAllocationActauthorizesgovernmentalunitsintheStatetotransferallorpartoftheirallocationsprovidedforintheAllocationActtoanyotherentityotherwiseauthorizedtoissuebondstofinancesingle—familymortgagesandtoaccepttransfersofsuchallocations.fe)NeithertheexecutionanddeliveryofthisStateAllocationTransferAgreement,theconsunnnationofthetransactionscontemplatedhereby,northefulfillmentoforcompliancewiththetermsandconditionsofthisStateAllocationTransferAgreementconflictswithorresultsinabreachofanyoftheterms,conditionsorprovisionsofanylegalrestrictionoranyagreementorinstrumenttowhichtheTownortheCountyisnowapartyorbywhichtheTownortheCountyisbound,orconstitutesadefaultunderanyoftheforegoing. tQ02.TransfersbytheTown.PursuanttotheAllocationAct,theTowntransferstotheCountyitsallocationundertheAllocationActfortheyear1985toprovidemoreadequateresidentialhousingfacilitiesforlow—andmiddle—incomefamiliesandpersonswithintheCountyandtheTown.TheTowncovenantssolongasthisStateAllocationTransferAgreementremainsineffectduring1985thatbeforeJanuary1,1986itwillnotissueanybonds,notesorothersecuritiesundertheProjectActtofinancemortgageloansforresidentialhousingfacilitiesforlow—andmiddle—incomefamiliesorpersonswithintheTownortransferanyportionofitsallocationundertheAllocationActtoanothergovernmentalunit.3.AcceptanceofTransfersbytheCounty.PursuanttotheAllocationAct,theCountyherebyacceptsthetransferstoitbytheTownoftheallocationoftheTownundertheAllocationActfortheyear1985.4.GeneralProvisions.(a)ThisStateAllocationTransferAgreementisherebydeclaredirievocableduringthetermoftheagreementstobeenteredintobytheCountyandthefinancialinstitutionswhichwilloriginateandservicethemortgageloans,andthisStateAllocationTransferAgreementshallterminateupontheterminationofsuchagreements.(b)ThisStateAllocationTransferAgreementshallautomaticallyterminateonJanuary1,1986,iftheCountyhasnotbythatdateissueditsrevenuebondsundertheProjectActforthepurposeoffinancingmortgageloanstoprovidemoreadequateresidentialhousingfacilitiesforlow—andmiddle—incomefamiliesandpersonswithintheCountyandtheTown.INWITNESSWHEREOF,thepartiesheretohaveenteredintothisStateAllocationTransferAgreementthis•2dayof,1985.THETOWNOFESTESPARK,COLORADO(SEAL)ByMayorAttest:TownClerk—2— 00LARINERCOUNTY,COLORADO(SEAL)By--ChairmanoftheBoardofCountyCommissionersAttest:CountyClerk—3— G 0 RESOLUTION 3-85 WHEREAS,on August 15,1984,the Estes Park Urban Renewal Authority reviewed a site plan known as Prospect Village with regard to its conformance with the Estes Park Downtown Redevelopment Plan of May 24,1983;and WHEREAS,a substantial portion of said Prospect Village lies outside the present boundaries of the Estes Park Urban Renewal area;and WHEREAS,it is the opinion of the Estes Park Urban Renewal Authority and the Board of Trustees of the Town of Estes Park that said land area should be considered for inclusion within the boundaries of the Estes Park Urban Renewal area. NOW,THEREFORE,the Board of Trustees of the Town of Estes Park hereby finds: 1.That the proposed modification of the boundary of the Estes Park Urban Renewal area to include all of the Prospect Village development will be a substantial modification to the Estes Park Downtown Redevelopment Plan in that said modification will substantially change the land area of said Plan. 2.That the Board of Trustees of the Town of Estes Park will hold a public hearing for February 12,l985,at 7:30 o’clock P.M.in the Municipal Building of the Town of Estes Park located at 170 MacGregor Avenue,Estes Park, Colorado to determine whether or not the following described real property shall be added to the Estes Park Urban Renewal area and incorporated within the Estes Park Downtown Redevelopment Plan.Said property is described as follows: Beginning at the point where the Southeasterly extension of the West line of Prospect Village Subdivision intersects the Southerly right of way line of Riverside Drive;thence Southwesterly on the Southerly right of way line of said Riverside Drive to the Westerly line extended Southerly of the Second Amended Plat of Pine River Subdivision;thence Northerly along said extended West line of the Second Amended Plat of Pine River Subdivision and along its Northerly extension to a point on the Northerly right-of- way line of U.S.Highway 36;thence Northeasterly on the Northerly right of way line of said Highway 36 to its intersection of the present boundary of the Estes Park Urban Renewal area located on the South line of Buenna Vista Terrace Subdivision;thence Southerly along the present boundary of the Estes Park Urban Renewal area to the point of beginning. DATED:January 22 ,1985. TOWN OF ESTES PARK,COLORADO APPROVED: Mayor ATTEST: 4 Town Clerk 3—85 n 0 RESOLUTION 2-85 BE IT RESOLVED BY THE BOARD OF TRUSTEES OF THE TOWN OF ESTES PARK,COLORADO: That the Mayor is hereby authorized and directed to sign the 1985 Chamber of Commerce Advertising Agreement. Adopted:January 22,1985 2—85 0 0 RESOLUTION 1-85 WHEREAS,on October 25,1984,the Colorado Land Use Commission adopted a Resolution finding that development in the vicinity of the Stanley Hotel was a matter of state interest;and WHEREAS,pursuant to the formal request of the Colorado Land Use Commission,the Town of Estes Park held a public hearing to determine whether or not to designate certain property as an area of state interest;and WHEREAS,a public hearing was held on December 20,1984; and WHEREAS,following said public hearing,the Board of Trustees of the Town of Estes Park hereby makes the following findings pursuant to evidence presented at said public hearing and makes the following order. NOW,THEREFORE,the Board of Trustees of the Town of Estes Park,Colorado makes the following findings: 1.The intensity of current and foreseeable development pressures in the vicinity of the Stanley Hotel can be adequately managed by the Town of Estes Park as follows: (a).The entire Stanley Hotel area is located within the boundaries of the Estes Park Urban Renewal Area.The present review procedures for major development within the Estes Park Urban Renewal Area are sufficient to review proposed development in the vicinity of the Stanley Hotel for the immediate future. (b).The proposed review procedures presently being considered by the Town of Estes Park for review of major commercial developments in all C-i and C-2 zoning districts of the Town will provide adequate review for major develop ments within the Town of Estes Park,including the Stanley Hotel and all areas in the vicinity thereof. 2.No applicable guidelines for designation were issued by any state agency other than the request of the Colorado Land Use Commission in its Resolution of October 25,1984,which concerned development in the vicinity of the Stanley Hotel.The procedures set forth in Paragraph 1 above are adequate to review proposed development in said area. 3.Development in the vicinity of the Stanley Hotel is, therefore,not a matter of state interest. NOW,THEREFORE,BE IT RESOLVED BY THE BOARD OF TRUSTEES OF THE TOWN OF ESTES PARK,COLORADO: 1.That the Town of Estes Park hereby rejects the 1—85 (1) C C designation requested by the Colorado Land Use Commission in its Resolution of October 25,1984. DATED:January 8 ,1985. TOWN OF ESTES PARK,COLORADO APPROVED: Mayor ATTEST: •I Town Clerk 1—85 (2)—2—