HomeMy WebLinkAboutFirst Amendment to Service plan FIRST AMENDMENT TO
CONSOLIDATED SERVICE PLAN
FOR
SOLARIS METROPOLITAN DISTRICT NOS. l,2 & 3
ORIGINALLY APPROVED BY THE TOWN OF VAIL, COLORA.DO
ON SEPTEMBER 19, 2006
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Prepared by:
White, Bear & Anlcele
Professional Corporation
1805 Shea Center Drive, Suite 100
Highlands Ranch, CO 80129
First Amendment to Service Plan approved by the Town of Vail
on
April 3, 2007
I. INTRODUCTION
This First Amendment to the Consolidated Service Plan (the "Amendment") for Solaris
Metropolitan District Nos. 1, 2 & 3 (the "Districts"), constitutes an amendment to a provision of
the original service plan for the Districts (the "Original Service Plan") dated as of September 14,
2006, and approved by the Town of Vail (the "Town") on September 19, 2006. The Districts
were organized pursuant to the terms of the Original Service Plan to serve the needs of the
Solaris development and existing community.
This purpose of this First Amendment is to amend a provision of the Original Service
Plan relating to the Districts' ability to issue Debt, as more particularly set forth below.
II. AMENDMENT
Section V.A.6. is amended and restated in its entirety as follows:
Total Debt Issuance Limitation. The Districts sha11 not issue Debt in excess of $40
;
million. �
III. RESOLUTION
Except as specifically amended as set forth above, all other provisions of the Original
Service Plan shall remain in full force and effect.
It is requested that the Town of Vail adopt a resolution of approval of this Amendment
based upon the infor�nation tendered herewifll.
Respectfiilly submitted,
WHITE, BEAR&ANKELE
Professional Corporation
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William P. Anlcele, Jr.
Melissa E. Ryan
Counsel to the Districts
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SOLARIS\S PLAN\i STAMENDMEN'T�MER 1215032607
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