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Home My WebLink About1980-14 Emergency Ordinance to Contract a Special and Limited Obligation on Behalf of the Town of Vail by Issuing Its Construction Lone Notes~~-~ ~~' r C E R T I F I E D R E C O R D 0 ~` PROCE.ED3NGS OF THE TOWN COUNCIL OF TIDE TO~v`N OF VAIL , COLO'_~.ADO RELAT3NG 'PO THE ISSUANCE OF IT5 CQNS`~RUCTION LOAN NOTES IN r'~ PRINCII AL A~40UNT NOT EXCEEDING S7 , 000 , 000 ~4 ~r ~~ ~I- sTA~~~ of coLO~ADO ) COLiNTY OF FAGLF ) ss . TOWN OF VAIL ) The Tawn Council of the Town of Vail, Colorado, met in regular session at the Vail Municipal }3uilding, Vail, Colorado, the regular meeting pla4e thereof an Tuesday, the 15th day of April, 1480, at the hour of 7:30 p,m. The fallowing members of the Tawn Council were pa-esent: Mayor: Podney Slifer Council .embers: John Donovan Scott Hopman P?ula P lamateer- fan Todd `_om Steinberg The fallowing members of the Tawn Council were absent: The following persons were also present: Town Manager : ~i ~~nard Car ` an Town Director of Finance: j4illiam Pyka Town Attorney : La~ re:t~ce C. ?Zider Town Clerk: Gollcen Kline Thereupon the following praceedin/gs, among others, were had and taken. ~~ ~ ~---~=- ~ ;/ 1~'~'~/~' ?~ fV,y~ ~: L~ Council Member ~ _ ~ _ .introduced and rnaved the ,, ti ' adoption as an emergency ordinance of tie following Ordinance which was read by title, sufficient copies having previously been made available to the Council and to the public, as follows: --2- ~~ ~~~ ~ ' ORDINANCE N0. 14 (El~iT;~~GENCY ) SI,RIES OF' 1980 AN EMERGENCY OF~DINANCE `I'0 CONTRACT A SPECIAL AND LIMITED OBLIGATION ON BEHALF OF TI3E TOWN OF VAIL, COLORADO, BY ISS€JING ITS CONSTRUCTION LOAN NOTES IN THE AGGREGATE PRTNCIPAL~AMOUNT NOT EXCEEDING $7,000,000 IN ANTICIPATION OF TI3E ISSUANCE OF G1~NEI2AL OBLIGATION ]30NDS OR REVENUE T30NDS FOR `T'HE PURPOSE OF DEFRAYING, IN WI30LE OR IN PART, TIDE COS`I' OF ACQUIRING, CONS'T'RUCTING, INSTALLING AND EQUIPPING A NEW T'UBLIC PARKING FACILITY WITI3IN AND FOR TH)~; 10'~v'N, AIvTi IN ANTICIPATION OF THE RECEIPT OF CERTAIN ;,ARKING FACILITY REVENUES; PRESC I3Ilv'G THE FORAl OF THE COt~'S'I'RUCTION LOAN NOTES; PROVIDING A RESE€2VE FUND FOR THE PAYI~9ENT THEREOF xND ;~'i20VTDING FOR THE APPLICATION OF PROCEEDS OF CENFIRAL OBLIGATION I30NDS OR REVENCTE BO3~IDS TO 1'AY 'i'HE CONSTRUCTION LOAN DOTES 1?ND T TIE i ~TiJiYEST 't'iEREON AND CERTAIN PI~.RKTNG r'AClLI`I'Y x:LVL?.UES CF T13E TJi4N OF VAIL TO PAX `.PHE INTEREST CN SUCH ?vOTi1S; PRESCRIBING OTIIER Dr~TAII,S CONCE:;NINC, T,~E CON5T3~UCTION LO:N i;OTL'S, T'vCLUi~ING i3U`i' '.OT LT~ST'i:D TO COVENANTS ~:ND I~(,RE~,~?L'N`i'S IN CC"~NI=CT.iGN `iI?;~~i~.;ti_i`PH AND EXCIiANGE P?i0V15zO~;5 'OR ?t":i~A~CIi~G IACILITY REVENUE BGFvDS, A:vD .?=:,~-EP.LItiG A.LL Olzii~_:E;[JCES IN CONFLICT 13IRE4ti~ITH . BE IT ORDAINI;:D BY THE TOWN COUNCIL OF THE TOWN OF VAIL, COLORADO, THAT: Section 1. Definitions and Construction. A. Definitions. In this Or.di ;ance the _-ollcwiner terms nave tie following respective meanings un::.ess the context r,ereof clearly requires otherwise: {1} Capital Improvements and Open Snace Fund: the special fund created and conFirmc'd by Resolution No. 1, Series 1930, of the Town adopted by the Town Council an January 8, 1980, into r~h.ich the Sale Tax Revenues are deposited. {2} Charter: the Home Rule Charter of the Town, approved by to electors of the Tnwn on September 12, 1972, and filed in t~-,e office o£ the Cglorado Secretary of State on September 15, 1972. (3) Commercial Bank: a state or national bank or trust campan:- which zs a member of the Federal Deposit Insurance Corporation and of the Federal Reserve System, ~,ahich has a capital aid surplus of $100,000,000 qr more, and which is located within the United Stat>~s. {4} Construction Fund: the spacial fund created by Section 5B hereof . (5} Debt Service Requirements: L-he principal of, interest on, and any premiums due in connection with the redemption of the Notes or -3- ~~ ~~ ~ such part of the Notes as may ho des ign,zted , ~~s r~uch pr. inc~ ipal , .interest and premiums become due. (G) Federal ;near it ics: hills, certificates of indc~hter~nc~ss, notes, bands or similar securities which are direct oblig~~tions of, or the principal and interest of which obligations are unconditionally guaranteed by, the United Stares of America. {7} Fiscal Year: the twelve {12} months commencing on the first day of January of any calendar year and ending on the thirty-first day of )J~~cernber of such ca.lcndar ye~-~r or such other twelve (12 } ;r:onth period as may from time to tine be designated by the Town Council GJ the Fiscal Year of the Town . (8} Grass Project Revenues: (a) all ine~me, if «ny, from rate , Tess, tolls, rentals and charges or any r_or-hination thereof for the services ar privileges furnished by, with or ~'ro;;~ the use of the Project; and {b} all incor~e ar other gain, ii ,any, fro;n any investr::~nt of Gross Project Revenues . (9} Mayor: the de jute or de facto Mayor of the Town or his or her successor in functions thereto. {l.q) Not Project Revenues: all Gross Project Revenues remaininc after the deduction oz OpF~r.ation and t~lair;tenance expenses. {11} Notes ar Series May 1, 1980 Notes: the rotes issued hereunder and designated as the "Town of V~=.il, Color,~do, Construction Loan Notes, Series May 1, 1980," dated May 1, x_980, in an aggregate principal amount not to exceed $7,040,000. (l2} Note Fund: the special fund created by Section 5C hereof. (13} Obligation or Obligations: when used with reference to obligations of the Town, any warrant, bond, note, lease or other instrument of whatever form or legal nature, including without limitation general obligation bonds, nd::i;ort i-nrrn notes of the '"o-~n, issued ar entered into by i:he 't'own or any other evidence of the advancement of mon~7y to the Town for the purchase, delivery, lease ~r the use of real property by the Town for which the '1:'own has promise;: to pay money far a period beyond one Fiscal Y.~ar, regardless of whethr:r any slrch Obl igati.on is renewable or cancellable in any g ivez year, provided that personal property may be acquired by any such Obligation and provided that the term Obligation shell exclude any obligation required to be paid in whole or in p,-~rt from special -4-- •~ ~ ~~ assessments, the Town's land transfer t.,~x or th~~t part of the S~~les Tax which is not within the term Sales Tax Fevenues ~~s defined her•_in. {19) Operation and Ptaintonance ~xpcnses: in i=he event that the Town has any Gross Project ~tevenues, such rcasona}~le and necessary current expenses of the Town, paid or ~~ccruc}d, of operating, maintaining and repairing the Project 3s may ~~e ~3~ter~ninE~d by the 'down Council, and the term m~3y include at the Town Council's option, exc~-pt as .Limited by contract or otherwise limited by law, ws.tf~out limiting the generality of the foregoing: (a} Legal and overhead expenses of the various d~~par tr~~ents of the gown directly related and re~~sonably allocable to t=7~e adr~inistr~~tion of the Proj ect; {b) Pidel.ity bona and insur„r~ce premiums ~:pi~ert~aining to the Project or a rersonably al locuble sh~.re of a i>r_ c,-~i ~~~n of any blanket bond or policy pertaining ~-o tiro Proj=pct; (c) Contractual services, :professional :services, ~:~ ~.aries, administrative expenses, and costs of labor appertaining to Project; (d) The costs incurred in the collection of all or ny part of the Gross Project }:-venues; (e} Any costs of utility services furnished to the Froject by the Town or otherwise. "operation and Maintenance Expenses" does not include: (i} Any allowance for depreciation; (ii} Any costs of reconstruction, improvements, extensions, or betterments; {iii) Any accumulation of reserves for capital replacements; (iv) Any reserves for operation, maintenance, or repair of the Project; (v) Any allowance for the redemption of the Notes, or the payment of any interest thereon; {vi) Any liabilities i,~curred in the acquisition or improvement of any properties comprising the Project or any combin~~tion thereof ; (uii.} Any other ground of legal liability not based on contract. (15) Ordinance: this Ordinance No. 14, Series of 1}8Q, of the Town, which prey ides for t_he issuance and delivery of t:he 5er ics riat• 1, 198Q Notes. _~_ i -- __ _ - _ •~ ~ ~- (16) Outstanding Or outstanding: when used with refercncc~ to _he Notes or any other designated Obligations of the `t'own and as of an'.' particular date , all the Notes or any such other Obl it3ations in art~r manner theretofore and thereupon being executed and delivered, except the following : {a) Any Note or other Obligation cancelled by the Town, ~y the Paying Agent, or otherwise on the g'own's behalf, at or before Such date; (b) Any Note or other Obligation held by or on behalf of the Town ; {c) Any Note or other Cbligatzon of the Town for the pay-~nt or the redemption of which moneys ar Federal Securities 5uf~ic_ent to meet all of the payment reau irements of the pr .i nc ipal of , tt.e interest on, an~:3 any prior rcd~m~ption pr~~r:i~:~s clue in connect ic.~~ with such Nate or other Obligation to the date of rr~atur ing or ~-~y redemption date thereof, shall have theretofore been deposited in escrow or in trust with a trust bank for that purpose, as provi~ed in and required by Section 7 hereof; and (d) any lost, apparently destroyed, or wrongfully taken mote or other Obligation of the `T'own in lieu of or in substitution for which another Hate or other Obligation Shall have been exe~:utec and delivered pursuant to this Ordinance. (17) Parking Facility General Oblzg<~tion 3orls or General Obligation Bonds; the bonds authorized by the electors of the Town t.o be issued pursuant to a special election held in the Town on Novemc~r 2Q, 1979, as set Earth in Section 2A hereof. (18) Parking Facility Revenue Bonds ar Revenue Bonds: the revenue bonds of the Town for the Project. (19) Paying Agent: Central Bank of Denver, in r~~nver, Colorado, which is the agent of the Town for the payment of the Notes. (20) Project: the acquisition. construction, installation and equipping of a new public parking facility within and for the Town. together with a1 ]. necessary incidental and app~~rtenant properties, str«ctures, facilities, equipment and costs, Lac which purpose the Notes are issued, and upon or after completion of the public parkin.: facility, the opert~tion and use of .said faci~.ity for public p~~rkinc puri~oses. -6- •~ 4 ~~ (21 } Purchaser : Boettcher & Company, in f3enver , Calor~~da ~3nd its c358QCiat~S, Lf any. (22} Reserve Fund; the special fund created by ~ectian 5D here-of. (23) Reserve Fund Requirement: the sum of $320,00. {29} Sales `fax: the sales tax established by Ordinance No. 11, Series of 1973, of the Town, as amended, upon the sale of tan{bible personal property ~3t retail and the furnishing of services within the Town, in such percentage as set forth in sand Ordinance Na. 11, or any supplements or amendments thereof. {25} Sales Tax Revenues: tiiC' one-half of the gross recezpts collected by the Town from it~s ~~ Sales Tax authorized by Ordinance Na. 11, Series of 1973, of the Tcwn, as anenc'ed, devoted to and specifically eai:marked by said Ordinance '~a. ].t for the purpose of refit @'Stclte aCC~L1ZSltlOn and `'or ti;e aCt71.]1Slt].C?n, Cor:S'_rt~ctt_an ~t7(~' equipping of buildings and Facilities of the Tawn. (26} Town' the Tcwn of Vail, Colnrada. (27} Town Cleric: the de jure or de facto Town Cleric of the Town or his or her successor in functions, if any. (28} Tawn Council; the Town Council of the 'r~.~,~n or ~~ny successor in fr.~nctions thereto. B. - Construction. This Ordinance, except •«rhere t-.he context :~y clear implication herein Otherwise requires, shill be construed as follows: (t) words in the singular number include the plural, and words in the plural include the singular. (2) Words in the masculine gender include the feminine and the neuter, and when the sense sa indicates words of the neuter gender refer 14 any gender . (3} Articles, sections, subsections, paragraphs and r:~a~_paragraphs mentzoned by number, totter, or atherwiser carrc'ipi.lna to the respective articles, sections, subsections, par e5c~rt-~phs and subpara~3raphs of this Ordinz~nce so numbered ar o~:h~.rwise so desiynat.ed. (4) The titles and he~-~dlines 4~pptied too articles, sections and suf~sections of this Ordi.n~-rnce are inserted only ~~s a matter of convenience and ease in reference and in no way define, or limit the scope or intent of, any provisions of this Ordinance. --7- •,~ ~~ ~~- Section. 2. Recitals; Authority; ~'indinr~s. A. November 20, 1979, Election. At a spcc.ial election of th_ qualified, registered electors of the Town, c~u1y culled and he7.d o-r Tuesday, the 20th day of November, 1979, in accordance with luw anc~ pursuant to due notice, there was submitted to the electors of the Town the following question: "5hai1 the Town of Vail, Colorado, be authorized to issue its negotiable, interest bearing general obligation bonds in one series or more in an ~=~ygregate principal u~~;ount not to exceed ~7,OOO,a00, or so much thereof as may be nc=cessary, for the purpose of defraying, in whole ar in part, the cost of acqu.iri~-_g, constructing, installing and equipping a new public parking facility within and for said Town, together with all nect=scary incidental and appurtenant properties, structures, facilities, equipment and costs, such bonds to boar interest ~~t a ~~.r~xinum ..et effective interest rate not exceeding l0 percent per ,.;~n~rm, and to mature serially during a r;eriod of not more than 3D years from the date or respective dates of the bonds, such l,onds to be sayable from general ad valorem taxes and other funds legally available therefor, and such bonds to be sold and issued at one t~,;;e or fr~~m tzme to tzme, In SUCK Tanner a~?Zd ~?i~0~~f1tS and +.lpOn ~'1ch f:~~T"ms U^~ conditions as the Town Council may later deter:,~inr~, including provisions for the redo;~,ption of bonds prior to rr:aturity upon payment of a premium not exceeding 3 percent of t_he principal thereof?" As evidenced by the canvass of the returns of the November 20, 197°, election, more than a majority of _he electors of the Town voting on the question set forth u:oave voted in favor of issuing such Parking Facility General Obligation Bands. 8. Market Conditions; Authority ~~_o lssue 'dates; Necessity. Due to the general condition of the long-term tr~unicipal i~ond market, the Town is eat currently aide to issue and sell long-term P,~rking Facility General Obligation Lends at a maximum net effective interest rate which is less than or equal .to l0 percent per annum, as authorized by the electors pursuant to the election described in Sectinn 2A hereof. In a~;cordance with Article XX, Section 6 of the Colorado Constitution, as a Colorado harne rule town and in pursuance of its powers as a home rule charter town, the 's'own is authorized to issue and sell the Notes and pledge the Net Project Revenues to the payment of the interest on the Not~.:s and the net proceeds of the Parking Facility General Obligation F3onds or the Parking _'acility Revenue Sends upon issur3nce, saT.e and delivery of said b{,nds to the payment of the pr inciE~al of and interest on the ;rotes. T1~o Town Council does hereby determine ghat it is nec~.._as3ry and in the best interests of the Town and the inh~~~bitants th,.rc~of i~hat the ,otes in a _g- ~~ 4 ~ principal ~~mount not exeec~ding $7,000,000 he now issued in accordance with the provisions of this Ordinance, in order to fin~~nce the cost o£ the Project, to pledge to the payment of the i~rincipal of and interest on the Notes the net proceeds of the Parking ~'ac iI ity General Obligation Bonds or the Parking Facility Revenuo Bonds, if and whEn issued, sal.d and delivered by the Towne and to pledge to the payme;•~t of the .interest on the Notes the Net Project Revenues and to covenant and agree to exchange matured, but ~rnpaid, Notes for Parking Facility revenue F3onds in accordance with Section 6C hereof. C. Emergency Ordinance. In accordance with Section 4.11 of Lhe Charter, the `g'own Council hereby finds and determines ,~s Follows. (1) That there is a need to construct the ?'roject to tie co~pl~ted in time for use for the 1980-81 ski ser.son r~~Fcause a.ll off--street parking available in fire Town during she lr=7°~-00 s'~ci s~acon h=s b=-_n filled to its capacity each weekend durina the ski season sand s.inc~ the second weekend of January, 1930, on evf~ry Saturday, Trost S~3ndGys and some week days, 340 to 400 cars Nava been illegally parking along the Town's highway frontage road, causing a dangerous pedestrian and vehicle congested condition upon a heavily traveled public highway. (2) That due to weather conditions the '.'own has a very limited construction season and in order to complete the Project by the 1980-81 ski season, the Town must commence file construction of the Project in April , 1980 . (3) That the Town has entered into contracts for the Project under which contracts substantial sums of r;~oney are presently oaya'olc or due to be paid within the next thirty (30) days, (4) That the TowF; needs to issue, sell and delver the Notes to the Purchaser as soon as passible in order to pay the amounts payable under such contracts and in order to avoid any delays in the schedule of. construction of the Project toward the end that the dangerous conditions described above may ne eliminated during the 1980-31 ski season and the cit.i•r_ens of Vail may receive the benofit of the incre•aseF3 ,~p~rblic health, safety and convenience produced by the Project at the earliest possible time. (5} That, in the opinion of the Town Council, Far the reasons sit forth in Qaragr~3phs (1} through (4) of this Soction ?.C, an emergencti• _gW • 4 exists and this Ordinance is cicemcd ne~.e:_sary for the preserv~-~tion of public property, health, welf<~re, puce ,end safety. As also set forth in Soction 9b hereof, this ~-;~~er{~ency Ordinance shall take effect immediately upon its introduction and passage. Section 3. Saie of Notes. A. tdecessity of Project and :issuance of Notes. It is nccessGry and for the best interests of the Town S,nd the inhabitants tl~erf}of that the Town acquire the Project and dc_fray ~-~11 or a portion of the cost of the Project by issuing the Notes. B. Award of Sale. The Purchaser '„~s oi:ferid to purs_i,~-;se the Notes in an aggregate principal a,~:ount not e,~:ce~ding $7,0f10,00Q ~:na in such principal amount .~s st;all be later c,~~si{~nated by the Purchaser pursuant to a note purchase 4 grce~,,ent at a ~axinum net of`octive interest rate not excEed ing 12 o per ann~~~m. `she 't'own '~'~.nac~er is authorized and directed to negotiate and execute a note purchase agreement with the Purchaser in the n~~r„e 4:nd on be}Zalf of the Town, which agreement shall include fixing the interest rate for the Notes and fixing the principal amount of Notes to be issued, provided that such agreement complies with the reguirenents o= this Ordinance and provided further that the agreement is approved ~3nd ratiiz~~d by the Town Council by a resolution duly adopted at a regular c>r :special meeting of the Town Council. C. Official Statement. The use of an t:~fficial 5tate~rent by the Town in connection with the sale of tt~e ?votes is a~~proved and the Mayor, on behalf of the Town, is authorized to sign one or more copies of the Official Statement, by and on behalf of the Town, after the Official Statement has been reviewed and approved in writing by the Town Manager, t[~e Town Finance Director and the Town Attorney. Section ~. The Notes, A. Authorization. Tho Town of Vail, Colorado, Cc~~struction Loan Notes, Series May 1, 198Q, in an aggregate principal amount not exceeding $7,Q00,400, payt~ble as to all Debt ;'ervice Rey~~irer~ents solely out of the net proceeds of the Par'cing Facility General Obligation Bonds or the Parking Facility ~2event~e Bonds, when ~3nd if issued, sold and delivered and with Not Project Revenues to be applied except as otherwise provided herein solely to pay interest on the -10-- ~~ ~ 4 Notes, are ~zereby authorized to be is.su~:d, pursu~int to t:he Charter ~,nd the terrns of the Ordinance, and tl}e Town pledges i_rrevoc,:;bly and exclusively, the net proceeds of the Parking Facility General Obligation Bonds or the Parking Facility Revenue Bonds, when and if issued, sold and delivered to the payment of the Debt Serv~.ce Requirements for the Notes and except as otherwise provided herein the Net Project Revenues to the payment of the interest on the Notes, the proceeds of the Notes authorized herein to be used solely to defray the cost of the Project. The ;I~,~ximum not effective interest rate `or this Note issue is 12$. B. Note Details. (1) Generally. `t'he "rotes shall be issued in registered form or payable to bearer and dated as of !''ay 1, 1380, than 1,40p Notes in the denomination of 55,000 thereof, numbered consecutively zn regular n~.:,~~ through not more than 1,400. A11 of the Notes registered or bearer form, or a portion of the bearer form and a portion in registered form. consisting of not ir.ore sch, or ;r:v ;;:ultiple mica]. order from i r:lay be issued in Notes may be issued in The Notes shall mature on t~l~;y 1, 1982, and shall boar in forest from Mary 1, 1980, to N3ay 1, 1982, except iz redeemed prz,~r thereto, at the per annum rate of not to exceed twelve percent tl?_~), nearer Notes shall bear ane set of interest coupons evic;uoncing #~he interest thereon. The interest an the Notes shall be payapl~ '3ove?~ber 1, 1°80, and semiannually thereafter on each :~;ay 1 and Novc::~,ber 1 to and including May 1, 1982. if upon presentation at maturity payr~er~t of any '.ote is not made as herein provided or a Parking Facility Re;ienr;~ Bond or i3onds have not been exchanged by the Town far the Note in ,accordance with Section 6C hereof, interest shall continue thereon at the interest rate designated in the Note until the principal ther.eor is paid in full. (2) Redemption of Notes Prior to M,~turity. The Notes are redeemable at the option of the Town Council in whole or in part on May 1, 1981, by lot, at a price e~lual to .the principal amount of each Note so redeemed, plus ~:jccrued .interest thereon to the redern.ption date, plus a premium of one per ccntum (1'~) of such principal amount. -Il- k ~ Notice of any redemption shell be given by the Paying I~gent in she name of the Town, by publication of such notice at 7.c•~~st one {1) t:.-:.e in The Bond Buyer published in New York, Mew York, and in '.fhe Denver Post published in Denver, Col orada, if then in business and publishing, and, if not, then in a financial journal or newspaper of general circulation in New Yoric, New York, and in a newspaper of general circulation in Denver, Colorado, such publications being not less than thirty (30) days prier to the redcrnpt?on date specified in such notice, and by sending a copy of such notice by certified or registered first-class, postage prepaid mail, at least t.l~irty {30) days prior to the recie~~ption date, to ';~e hoi.dcrs of a,~ch of the No_~s being redeemed, if the n~:mes and ~:~:drrsaes of s~sch holders are registered or recorded with t-he P<:.;~ir?a .T•~;ent. xor this i~ur~.ose, tha holder of any br-arer ?Vote Tray at ~~;,y _ _:r. e ~:r~; ~n '-~ ~ s n.~r~e and u<~dr =ss to the Paying Agent. Such notice sha11 spr~rify ..l;e nu rr:bF~r or ntrmbcrs of the Notes so to be redeemed and the date fixed for redemption, a:-rd shall further state that on the redemption date there wi11 become end will be due and payable upon each °~ote so to be redeemed the principal amount thereof plus any premium due and ,~~:crued interest on said principal amount to the redemption date, and that from and after such date interest will cease to accrue . x~ny "otes redeemed or for to their maturity by call for prior redemption or ~:her~~~ise sha11 not be reissued and shall be cancelled the s~:me as "Iot~_s ,aid at or after maturity. {3) Paying Agent. The pebt Service Requirements of the Notes shall be payable in lawful money of the t3nited States of Aanerica without deduction for exchange or collection charges at Central rank of Denver, Denver, Colorado, which is hereby designated the Paying Agent far the Notes, (4 } Execution- and Delivery. The Notes :~h,~11 be t~xecut.~c~ in t-. name and on behalf of the Town with the facsimile :.ign~~ture of the Mayor, shall bear a facsimile of the seal of the 'T'own and shall be attested by the manual signature of the Town clerk; ~3nd each of ts~€e bearer Notes shall have attached i~hc~reto Lour (4) interest coupons bearing the facsimile signature of the t~sayor. The coupons shalt be numbered consecutively from one {1) to four {4 } , ttihen .issued ~~s --1 7 - 4 ~F ~ aforesr3id as part of the bearer Pyotes, t_he cot~potzs :hall be the lawful binding promises and obliyatir~ns of the 't'own r.ccordzrzg i=o their import, securing the p~3yment of interest as it becomes ~3ue. Should any officer. whose manual or facsimile signature ~~ppears on the Notos or any interest coupons attached thereto cease to be such officer before delivery of the Notes to the Purchaser, such manual or facsimile signature shall nevertheless be valid and sufficient £or all purposes. The Mayan and the Town Clerk are hereby authorized and directed to prepare and to execute the Notes in accoz-dance with the rer.uirements of this Ordinance and pursuant to the note purch~7se ~~gr_eF7ent authorized lay Section 3I~ hereof. y~hen the Notes have Moen duly executed and sold, the officers of the Tawn ure authoriz~:d to, <~nd shall., deliver the Motes to tl;e Purchaser cn receipt of the;greed purchase price. (5} Negotiable Instra:~,ents. Title to any bearer Note shall pass by delivery merely, as a negotiable instrument payable to bearer. Subject to the provisions e:~pressly made or neces ar ily isr.pl led herein, the l~~earer totes s'eal' be fully ne<atiable and shall have a':.l the qualities of- negotia}~lc ~~aper within the meaning and far all the purposes of invest.:nent securities under the provisions of part 1 of article ~ of titla 4, Colore;3o Revised Statut4s 1°.73, as amended, the Uniform Commercial Code--Investment Securii~ies; and each holder or holders of the iaearer Notes, by accep'cing the same, sh~:ll be conclusively deemed to have agreed that the bearer Notes, except as otherwise provided, are and shall. be fully negotiable withi:l the meaning and for all purposes of investment securities pursuant to said statute. (6) Lost; Destroyed or~Taken Notes. Tf any Outstanding Note shall become Lost, apparently destroyed, or wrongfully ta`~€en, it ':':.ay be reissued in the form u~~d tenor of the lcist, destroyed or taken Dote upon the owner fu.nishing, to the satisfaction of the Fawn Council: {~~) proof of ownership, (b) proof of loss or destruction, (c) a sun=ty bond in twice the amount of Lhe securities in question, including _.ny unmatured coupons appertaining t4ZCreto, fnd (d) p~3y;~ent of the cost of preparing and issuing the new security. ~~ 4 fir' (7y Recitals in Note. E,~ch Vote :~h~~ll recite in r,ubstance th~:t the Note is payable solely from the net prc~ccer3s of the ~=~.rking Facility General Oblig~~tion ~3onds or the Parking Facility Revenue Bonds, if and when issued, sold and del.iverec~, <~nd wit.h the Pdet Project Revenues being pledged except as othorwi.>e prov~.c~ed in the Ordinance solely to pay interest an the ~;ote, that matured, but unpaid, Notes will be exch~-rnged by the 'i'own for Purk.ing Facility l:~evontre Bonds in ~~ccordancc with the terrns of this Ordinance as the sole recourse against the Town for the nc~n-p~.yr~~~ent of the principal amount of the Note as herein ~%rovic~ed, that t:.he 'rote c?c~s not constitute a debt of the Town within t'?e ,~,ean i.r,g o1 ny Con StltUt3.Onal, Charter or statutory )_1?Tlli_t:t1CI75, tl;c?t 1~11~' i~01:F' 15 ?lOt payable in whole or in n~~rt from the i~rccceds of ~~~neral '~ ror~•~rty taxes or proceeds of L-l~e S<31es "'~x .-~~d ,_~.~t ~_'t~e full f; ith ~r;d .~re~it of the Town is not pledged to pay the principal of or. interest on such Note. Each Note shall further recite i_hat it is .issued under the authority of Article XX, Section 6 of the Colorado Constitution, the Char ter and this Ordinance . (8 ~ Form c>~ ~3earer Notes and Coupons. ":~.~i~ject to t'?e provisions of this Ordinance, each bearer Note, and the cou.~ans to be att~-~ched thereto, shall be in substantially the following form, °~ith such omissions, insertions, endorsements, and variations as to recitals of fact or other provisions as may be rocruir~d by the c_rc~~^stances and as may be required or permit-tod ]ay this Ordinance, and as may be necessary or appropriate to conform to the rules and requirements of any governmental authority or to any usage or requirement of law with respect thereto: _l~_ ~~ ~ ~~ (Form of Note) STATE OF COLORADO No. COt~NTX OF F,~~GLE ~ - The Town of Vail, in the County of Eagle, and State of Colorado (the Town), for value received, hereby promises to p~~y to the bearer hereof, solely from the special funds provided therefor, as hereinafter set forth, on the 1st day of ~;ay, 1982, the pr.inc ipal s~.<m of ~~~~~o~sr.~v~ Dor-,r ~~s and to pay solely from said special {ands int~_r~==st th~_rr-on as evidenced by interest coupons herei=o attached, at t~:e rate of per centum (~ ~) ner annum from I~3y 1, 1°80, to '.ay 1, 1982, excE~t if redeemed prior thereto, payable November 1, 1p80, and semiannually thereafter on the first day of Nay and the first day of November of each year, .upon presentation and surrender of this ~1ote and said coupons as they severally become duo, rf r}pen presentation at maturity payment of this Note is not made as herein prov.idea or the ~'cwn has not exchanged this Note for its Parking Facility Revenue Fond or Bonds (the Exchanged Revenue r3onds) as provided herein, interest shall continue at the interest rate design:~ted -~erein until the principal hereof .is paid in full or until the Town so exchanges its said Exchanged Revenue Bond or Bonds for this Note. The principal of, interest an and any premium due in connection with the redemption of this Note (the Dent Service Require:~.~~~nts) are payable in lawful money of the United States of America, without deduction for exchange or collection charges, out of the special fu-;ds hereinafter specified, but not otherwise, at Central F~~3nk of Denver, in Denver, Colorado (the Paying Agent), upon pro]entation ~~nd surrender of said coupons and this Note as thk~y severally become dt:~. This Note and the Notes of the series of which this is one are redeemable at the opt ion•of the Town Council on ~~;ay 1, 1981, by lot, at a price equal to the principal amount of each Note so redeemed p'us accrued interest thereon to the redemption date, plus a premium of c:-~e per centum (1~) of such principal amount. UNI'T'ED STATES OF ~r1r,RICA TOWN OF VATL CONSTRUCTION LOAN NOTE SERIES 1980 ~r 4 4 Redemption shall be made upon not lass than i:hi:rty (30) days' prior notice by publication of such notice at le~~st one (1) tine in The Bond Buyer published in New Xork, New York and in The Denver Fc.~t published in Denver, Colorado, if then in business and publishing, :end if not, then in a financial journal or newspaper of general circulation in Now York, New York and in a newsp,-~per of general circulation in Denver, Colorado, such publication be..ing not less t?~:an thirty (30) days prior to the redemption date specified in such notice, and by sending a copy of such notice by certified or registered first-class, postage prepaid mail, at least thirty (3~) days prior to the rode=,~,pt ion date , to the holder s of Hach of the '~o ~e s being redeemed, if the na,~~cs and addresses of such holders are registered ar recorded with the Payi!.g '.dent. For this ~,urposo, t'r.a holder of any bearer I~;ote ;r,ay at any ti:.,.e furnish his n,_;-se and ,.~:dr~ss to the Paying Agent . Such notice shall specify the n~rrnber or nu;r~bcrs of the Notes so to be redeemed Lnd the date z fixed for red~~r:ption, and shall further state ti:at on the redemption date there will becor~;e a:,d will be due and payable upon each Note so to be redeemed the nrincinal amount thereof plus any pr erniurn due and accrued interest on said principal amount to the red~rrption date, ana '_hat from :nd alter such date interest will cease to accrue. `.'his Note is one of a series issued in the aggregate principal amount of $~ ~ ~ ~ by the Town Council cif the Town of Vail, Colorado, for the purpose of providing funds to defray, in whole or in part, the cost of providing a new public parking facility wit~,in and far the Town, together with all necessary .incidental and appurtena:~~. properties, structures, facilities and equipment, and the costs incidental thereto, in anticipation of t_he receipt of the net prc~ce~ds of certain general. obligation bonds aut~rorized to be issued ~y the electors of the Town at an election he3.d November Z0, 1979, for s,~ia purpose (the General <:bligation Bonds) or in anticipation of the issuance of the Town's Parking ~'r.cility Revenue ~3onds (the Issued Revenue Bonds) when and if the Ge?neral obligation IIonds or Issued Revenue Bonds are issued, sold and delivered, and this Note and ti}e series o£' which this Note is ~~ne are issued by virtue of ~~nd in £u11 conformity with the Constitution of the State o£ Colorado, includi!tg -16- •~ ~^ ~~ Article XX section 6 thereof, the ('hatter of the Town, end all other laws of the State of Colorado thereunto enabling, ~~nd pursuant to btd finance No . ~ ~ i-~- Series of 1980 {the Ordinance) ref the 'iown duly adopted, published and made a law of the Town prior to the issuance of this Note. `.Ph.is Note and the Notes of the series o~ which this is one and the interest coupons pertaining thereto are limited and special obligations of the Tawn payable solely out of ~-~nd secured by an irrevocable pledge of the net praceeds of the General Obl igation F3onds or the Issued 1Zevenue Bonds when and if issued , sold and del fiver od , and as to the payment of interest t.y an irrevocable pledge of the revenues of thn parking facility constructed with the proceeds of t`?e series of Notes of which this is one after provision is made only for payment of the operation ~.nd r-,ainton<<nce e:~pens~.s of such p,~rking facility {the Net Ptaject Revenues), as more specifically provided in the Ordinance . Ta the extent the sums accumulated in the Pdote Fund and the Reserve 1"und specified below on t+kay 1, 1982, are not sufficient to oay the principal of all of the outstanding Notes of the reties of ~.ahich this Note is one, then the T~wn of Vail shall exchange its Exchanged Rev:~nue Bonds dated May 1, 1982, for all of such remaining outstanding Notes and in such event the holders of r,uch retraining ;outstanding Notes shall be regr~ired to accept such Exchanged Revenue 3onds in lieu of the payment of the principal of su~.h Notes without further recourse against the Town for such payment of principal. Interest ~n such Notes exchanged for Exchanged Revenue 33onds shal]. cease to accrue from and after May 1, 1982. The 0?-dinance provides the±-. the Exchanged Revenue Bands may be .issued by the Town of Vail upon such terms, conditions, provisions and covenants as may be determined by the Tcwn Council, except that the Ordinance imposes certain require.nents on the Town regarding the interest rate and maturity ~~f the Exchanged ~2eve :ue Bonds. To effect such exchange, the Town shall deliver to each ho~..er of outstanding Notes, on the maturity c?3tc of such dotes, a prir7ci~a1 amount of its Exchanged Revenue Bonds equal to the principal amount of outstanding Notes held by such tloteholder. The serial numbers of tie .Exchanged T:evenue Bonds to be delivered to e~~ch Noteholc~er sh~-~11 be - .17 -- ~ {. determined try lot among alI of the holders of or,tstar~d.ing Notes. Notice of the exchange of }?xchanged P,evenue }:ends for Nos:c.~s sh~311 given not loss than thirty ~ 30 } days' prior to ~73y 1, 1982, by publication and by mail in the manner provided .tor giving notice of redemption of the dotes. For the purpose of receiving notice by m__il the holder o~ any Note may at any time furnish h.is n~:me and address to the Paying Agent. Upon receipt of Exchanged Revenue Bonds each holder of such outstanding Notes shall deliver his exchanged }vote or Notes to the Paying Agent for cancellation. This Note and the interest hereon do not constitus~e a debt or an indebtedness of the Tawn within the me~_ning of any cor;st.ittrtional ar statutory provision or limitation of the State of Colorado or any provision or limitation of the Chi-,rtFr of the 'roan. Z~his Note is rot payable in whole or iri p,~rt from t::e rr~~c~~cds of r-nc-ra.l ~~r~_~perty taxes and the full faith and credit of tl;e T;,wn is not~pl~~dged to ~:~y the principal of or interest on ;-his ?vote. :vo rsartion of the proc4eds of the sales tax collected by the Tawn has been pledged to the pay:-._nt of the grincilaal of or interest on the ;votes. Payment of the Debt Service teauire:rents of this Vote sh~ ll be made solely from, ar~d as security for such payment t?~~ere are irrevocably and exclusively pledged, pur:,:.,ant sro the Ordinance, two special funds thereby created and identified as the "To~xn or" Vail, c'olarado, Construction I~o~n No 's, Note rand" {t~~ _ `:ate r~.nd) and t~r,e "Town of Vail, Colorado, Construction Loan rotes, Reserve Fund'" (thy Reserve Fund), into which funds the Town has covenanted in the Qrdinance to pay the Debt Service Requirements of the Notes of the series of which this Note is one ; rG;i~ the net pro<~c_°ds of the General Oblicration Bonds or the Issued Revenue Bonds, when and if issued, sold and delivered, and to pay the interest on th.i.a Nosre except as otherwise provided in the Ordinance solely from the iret Project Revenues and to maintain a specified reserve for such purposes. In addition, the Town may at ~ ~~.s option augment si3ch t'unds with any of er moneys of the Town legally available €or expenditure for the purposes thereof as prav ided in the Ordinance . It is hereby recited, certified and warr~~nted t}gat Cor the p~~yr~nt of this Note and of the interest l,~~reon, the Tawn has created and rill -18- ~~ ~~ ~~: maintain said special funds and will deposit therr~in f:he net procc= ~s of the General Obligation T3onds or t_he Issut~d Revf~nue ~3onds, when ~~:d if issued , sold and delivered , and Net Project REDvenues , out of t}~,e amounts, proceeds and revenues specified in the Or.dinar~ce referred to above authorizing the issuance of this Note, and out of said specz~I funds, as an irrevocable charge thereon, will pay this Note and the interest hereon, in the manner provided by the Ordinance, except to the extent that the Town has exchanged its rxchan~~ed Revenue 3ond or ;3onds for this Note on its maturity. The Notes of the series of which this is one ar.e equitably and ratably secured by a lien on the net prcce~ds of the General Obligation Bonds or the Issued ReE%enr~e Bonds, °,ahen and if issued, snld and delivered and Net Project Rove=Hues and such '~o#;es const itirte an irrevocable, exclusive first lien upo:~ the r~et proce4r~=~s of the General Obligation Bonds or the Issued Revenue ~3onds, when and if iss}led, sold and delivered and Net Project Revenues. Except as otherwise expressly provided in this Note and the Ordinance, the net proceeds of the General Obligation Bonds ar the Issued Revenue Lends, when and if issued, sold and delivered are pledged ar~d set asideto the payment of this Nate and the notes of the series of which 'this is one, and the Net Project Revenues are pledged and sot asp ~e t:o the ^ayment of th? interest hereon and thereon, all in anticipation of the collection of the Nat Project Revenues and the iss~.:,:.nce, sale and delivery of the General Obligation Bonds or the IsSr~L.1 Revenue Lends. The Town covenants and agrees with the holder of this Nate and with each and every person who ,nay become the holder hereof that it will keep and will perform all of the covenants of this Note and of the Ordinance . ~n the Ordinance the Town has agreed that it shall in good faith make every reC:sonable effort to Nell a sufficient as~aunt of its General Obligation Bc,rds or its Issued Revenue Bonds at one tin~,e or from time to time so that on or before May 1, 1982, there will ha•.~e been sufficient net proceeds from such bond sales which, together with ot'Zer legally available funds accumulated in the Note Fund and the Reserve 1"und, will have been applied by the Town to pay in full the _19- •~ 1- ~~ Debt Service Requirements far all of t-l~e outstanding ~dote;~ of the .issue of which this is one. Any outstanding Notes not so paid from the Note 1"'und and the Reserve Fund shall be exchanged for the `F'own's Exchanged Revenue }3onds as provided in the Ordinance. F~eference is hereby made to the Ordinance, and to any and all modifications and amendments thereof, for a description of the provisions, ter.~rts and conditions upon which the Notes of the series of which this is one are issued and secured, including, without limitation, the nature and extent of the ~.}ecurity far the Notes, provisions with respect to the custody Land ~~pplication of the proceeds of the Notes, the collection and disposition of the revenues and moneys charged with and pledged to the payment of the Debt Service Requirements of the iwotes, the terms and conditions on which the Notes are issued, a description of said ~.pc~ci.~1 fur:ds referr:ed to above and the nature and extent of the security and pledge afforded thereby for the payment of the Debt Service Requirements, and the manner of enforcement of said pledge, the agreements concerning exchange of the Exchanged Revenue Bonds for the Notes, as well as the rights, duties, immunities ar,d obligations of i;he 'Town and the members of its Town Council and also the rights and remedies of the holders of the Notes. To the extant and in the respects ~.ermitted by the Ordinance, the provisions of the Ordinance, or any instrument amendatory thereof or supplemental thereto, may be modiCie~~ ar amended by action of the Town taken in the manner and subject to the conditions and exceptions prav ided in the Ordinance . `t'he plecsge of net proceeds, revenues and other obligations of the Town under the Ordinance may be discharged at or prior to the maturity of the Notes upon the making of provision for the payment of the Notes on the terms and conditions Set forth in the Ordinance, It is hereby recited, cers_if.iod and ~~larrarlted that all the requirements of law have been Cully complied with by the proper officers o£ the mown in the issuance of this Nate; that it is issued pursuant to and in strict conformity with the Constitution of the State of Colorado, including Article XX Section 6 thereof, the Town Charter, and all other laws of the State of Colorado thereunto enabling, and with i~he Ordinance and any instrument supp.le~;{c~ntal ?. 0 - ~~- ~ thereto; that this Note does not contravene ;.3ny constitutional or statutory limitation of the State of Colorado or any limit~~tion of she Town Charter; and that this Note and each of the other t.ot.F~s of the series of which it is one are issued under the author ity of the Ordinance. For the payment of this Note and the interest hereon, the Town ledges the exercise of all zts lawful corporate powers. ~.. T~T WITNESS 4Vf~BRFOF, the Town CJOUI1C11 of the Town of Vail, .. , ' Colorado, has caused this Note to be executed in its 'name and on its behalf with the facsimile signature of the k~Sayor of the Town, to be sealed with a facsimile seal of the `T'own, and to be siyrted and attested by the manual signature of the Town Clerk of the Town, and has caused the attached coupons to be signed with the facsimile signature of the h~ayor of the Tawn, all as of the 1st day of ~1ay, 1980. '1'04ti'N OF VAIL, COLORADO (FACSIMILE) ( SEAL ) By (Facsimile Signature] ^iayor Attest: (Manual Signature) Town C1er k ' !nd of Form of ,nearer Note ) --z~- • ~~ s ~~ . Coupon No . (form of Interest Coui~on ) $ ... ~`} 4~ Y , On the first day of ~loverriber, 19~, unless t_he Note to which t~is coupon is ,.ttached has bean c~~llr-d far prior. reder;~ption the Town o~ Vail,, in the County o~ Fag)e and St~~te of Colorado, will upon surrender of this coupon pay to hearer the amount shown hereon in lawful money of the t.nited States of x::~~cr.ica, wit=bout c?eduction for exchange ar collection characs, ~~t Central Sank of i~enver, in Denver, Colorado, solely fro: and secrired by a pledge of two special funds, created fro,~r specified net proceeds tend certain other revenues deri-.od from the sources set forth in the .rote to which this cou~.on rertai~v, being the interest then due an its Town of frail, Co1_or~:f?o, Construction Doan Ir'ote, 5er ics ;'day I, i °~0, d~~t~~d '°ay 1, 1914{?, bear ~ng Note Na . f Facs i~r,ile S ianature } ~ - ~•'-:~vor Town of Vail, Ca~orUdo (end of Form of Coupon} -22- ~~- ~~~ •~ (9) Form n£ nc~aistorrd Nr~teS. Subject to t_he pi'ovis.ions of t~.is Ordinance, each reyistez-ed Note sh~~].l be in ~~uh~,tarZtially the following farm, with such omissions, insertions, r•;~~~or:~em~~nts, ~3nd variations as f:o recitals of fact or other provisions as >~tay he required or permitted by this Ordinance, and as ray be nece,saz.y or appr.opri~-~te to conform to the rules anti rec~u.irements of any c~ovcrn~~etztal authority or to a~~y usage or requirement of law with respect thereto: --?.3- ~ ~ ~ ~~ ~~~'r>1 0~ car,ox~no (Form of Regi.st-f~red dote) IINTTF'D S`I'A`I'FS OF I~Mf':I~TCA CO(1NTX 0~' ~AC7LE 'rOwN OF VAIL CONSTRUCTION T1OAN NOTE SER71;5 1980 No . $ 'rho Town of Vail, in the County of Eagle, and State of Colorado (the Town), for vatue received, hereby promises to pay to the registered owner hereof, solely from the special funds provided therefor, as hereinafter sot forth, on the 1st day of May, 1987_, the principal sum of `rI;OL'SAND nOLLARS and to pay solely from said spacial ~`unds interest thereon at the rite of per centum { ~) per :annum from flay '., 1980, to tray 1, 1982, except if redeemed prior ~-hereto, payable November 1, 1980, aid semiannually thereafter on the lst day of May and the 1st day of November of each year. If upon presentation at maturity payment of the principal amount of this Note is not ~;.ade as herein provided or the 'Down has not ex~.hanc}ed this Note for its Park i_ng Facility Revenge Bond or Bonds {the Exchanged Revenue Bonds) as rrovided herein, interost shall continue at the interest rate dE_signated herein until the principal hereof is paid in fu.11 or until the Town so exchanc~=s its said Exc=ganged Revenue 3~ nd or Bonds for ,his Note. The principal of, interest on and tiny pr~.mium due in ~. onnection with the redemption of this Note (the Debt S:~rvice Requirements) are payable in lawful money of the united States of America, without deduction for exchange or collection charges, out of the special funds hereinafter specified, to the registered holder hereof .~t t11e address shown on the registration books of the Town. The final zr.stzllment of principal and interest due on this Note shall be Fnade only upon presentation and surrender of this Note to thc~ Pay Ong l~gc~nt, Central Bank of Denver, in Denver, Colorado, This Note and the Notes of the series of which this is one are redeemable at the option of the Town Council on '•,ay 1, 1981, by lc-~, at a price equal to the principal amount of each t3ote so redeemed ~~''.as accrued interest thereon to the redemption date, plus a premium of one per centum (l~) of such principal amount. ~r ~~ ~~ .Redemption shall be made upon not less than t;-rirty (30) days' prior notice by public~~tion of such natir_e at least une (1) t.imo zr: The Bond F3uycr publzsl~ed in Nf~w :fork, New York rind in The Denver Post published in laenvcr, Colorado, if then in business ~~nd publishing, Gnd if not, than in a fin~~:ncial journal or ne;spaper of ~~eneral circulation in P~'ew York, New York and .in a newspaper of general circulation in Denver, Color~~do, such publication being not less than thirty (30) days przor to tl~e t-E~~3e:r.ption date r~p~~czfic~d in such notice, and 13y sending a copy of uch notice by certified or registered first-class, postage prepaid mail, at least thirty (30) days-prior to the redemption date, to the registered owner of each of the Notes being redeemed. Such notice shall specify the number or numbers of the Notes so 1_o be redeei~ted and the date fixed for redemption, and shall further state that on the redemption d,~te there will become and will be due and payable upon each Note so to be redeemed the principal amount thereof plus any premium due and accraed interest on sand principal amount to the redemption date, and that from and after such date interest will cease to accr~re. This Note is one of a ser~..?s issued in the aggregate principal amount of S ~ ~ ~ by the Town Council of t'rae Town of Mail, Co3.orada, for the purpose of providing funds to defray, in tahole or in part, the cost of providing a ~~ew public parking facility wi~.hin and for the Town, together with all necessary inc~_dental and appurtenant properties, structures, facilities a,~d equipment, and th~,~ costs .incidental thereto, in anticipation of the receipt of the net proceeds of certain general obligation bands authorized t.o be issued by the electors of the Town at an election hold November 20, 1979, for said purpose (the General Dbligation Bands) ar in anticipation of the issuance of the Town's Parking Facility Revs?nl~e );ends (the Issued Revenue Bands when and if the General Obligation Bonds or issued Revenue Bonds are issued, sold and delivered, and this Note and the series of which this Note is one are issued by virtue of and i.n £ull conformity with the Constitution of the State of Colorado, including Axticle XX Section 6 thereof, the Charter of the Town, and all other laws of the State of Colorado r_hereunto enabling, ,and purs~r~~nt to Ord ~ nanr.e Na. ~ ~ ' ' - , Scar ies of 1980 (the Ordin~~~nce) ~f the Town dul~.• •L~- adopted, publ ishcd and made a law v£ the Town prior to the is:-r~ance of this Note. This Note and the Notes of the ,;er ies o>_ wh.ioh this is one and `.he interest due hereon are limited and special obli.g~~tions of the Town payable solely or}t of and secured by an irrevocable pledge of the r:~t proceeds of the General Obl i.gation ~3onds or the Issued ~Cevenue L'oncs when and if issued , :.old 4~nd delivered , and as to the payment of interest by an irrevocable pledge of the revenues of the parking Facility constructed with the proceeds of the ;cries of Notes of w:rich this 15 one after provision is made only for payment of the operation and maintenance expenses of such par king facility ~ thc~ ';r t ~r a j ect Revenues}, as more specific~~lly provided in the t~rdinance. To the extent the ums accumulated in the `Tote Lund ~.nd the Reserve Fund specified below ors M~-~y _l, 1`_?~2, ;ire nr~t ~~ut:ticicnt to _ay the principal of all of the nutst,~nding '~;otns of the s,~ries of which this Note is one, then the Town of Vail shall exchange its Exchanged Revenue Bonds dated ?day 1, 1982, for all of such remaining outstanding Notes and in such event the holders of such remaining outstanding Notes shall be required to accept such x,x.chan~-red :~e~.r,~nue ^onds in lieu of the payment of the principal of such ';,rtes without further recourse against the Town for such payrr,;~nt of prin~~ipal. rn'cerest on such }otes exchanged for Exchanged Re~~:nue Bonds sh.=11 cease to accrue from and after May 1, 1982. The Ordinance prov ides that t_he i~xchanged Revenue Bands may be issued by the Town of Vail upon such terms, conditions, provisions and covenants as may be determined by the To~~n Council, except that the Ordinance imposes certain requirements on the Town regarding the interest rate and maturity of the Excl~,~nged Reve:~ue Bonds, To effect such exchange, the Town shall deliver to each holcer of outstanding Notes, on the maturity date of such Notes, a principal amount of its Exchanged Revenue Bn:rds equal to the pr inc.ipal amount of outstanding Notes held by such L.otelzolder. The serif.l nurt7bers of t-:,e Exchanged Revenue Bonds to be delivered to each Ttoteholder shall be determined by lot among all of the holders of outstanding Notes. Notice of the exchange of Exchanged Revenue ~3onds for ?~otes shall b? given not less than thirty (30) days ` prior to 1'~ay 1, 1982, by publication and by mail in the manner provided for giving notice a>; -2.6-- ~~ ~ ~, r~'dempt:ion of t.}~e Not:cs. For t-he purpose of receiving not=ice !~y rr,„_il the balder of any Note may at .any time furnish leis narr~e and address to the Paying 1~.~~ent. Ui>an receipt of },xchanged Revenue P,onc~s each ho';er of such outstanding Notes :hall deliver his exchanged Note or Notes to the Paying l~yent for cancellation. This Note and the interest }Ierean do not constitute a debt or a:-r indebtedness of the Town within the meaning of a,ny constitutional or statutory provision or limitation of the State of Colorado ar any provision or limit_atian of the Charter of the Town. 'Phis Note is not payable in whole ar in part from trl~e proceeds of general property taxes and the full faith and credit of the Tewn is not pledged to FAY the principal of or interest on this mote. :~'o portion of the mace =ds of the sales tax collected by the Town has been nlc~:~ccd to the pay;~._nt of the principal of or interest on t_he "~;otes. Payment of the Debt Ser. vice ;eru it ~ments of this t'.ote shall be made solely from, and as security for such payment there are irrevocably and exclusively pledged, pursuant to the Ordinance, two special funds thereby created and .identified as the "Town of Vail, Colorado, Construction Loan i~'otes, ~:ote Fund" (the 'Mote Fund) and t_,e "Town of Vail, Color~_do, Construction Loan Not~:s, Reserve Fund" (the Reserve Fund}, into which funds the Town has covenanted in Lhe Ordinance to pay the Debt Service Regr~irem~~nts of the No - of the series of which this Note is one from the pct procee~~s of the C`eneral Obligation Bonds or the Issued Rever~~ae Bonds, when G1~d if issued, sold and delivered, and to pay the interest on this Not.. except as • otherwise provided in the Ordinance solely ; ra.n the Net ;?roject Revenues and to maintain a specified reserve for such purposes. In addition, the Town may at its option augment such funds with any ot:~er moneys of the '.Down legally available for oxpendzture for t'r,e purposes tht:reof as provided in the Drd finance . It is hereby recited, certified and warranted that for the pa_:;:~nt of this Note and of tho interest hereon, the Town has created and ~•i11 maintain sand special funds and will deposit therein the net proccefs of the General Obligation T3onds or t;hc Issued .Revenue T3onds, when a~d if issued, sold and delivered, and tJet Project Revenues, out of Lhe amounts, proceeds and revenues specified in the Ordinance referred :.o --27- ~~ ~ ~~ c',bOV~ atlt:horiz.ing the is~;i~ance of this Pdote, ,end out of said rpeci~l funds, as an irrevoc~~ble charge t}:c~reon, ;gill pay r_his Note and the interest hereon, in the m~~nner provided by the Ordinance, except to the extant that the Town has exchanged its Exchanged Revenue Bond cr F3onds for. this Note on its maturity, The Notes of tk~e .series of which this is one are equitably and ratably ~~ecured by a lion on the net proceeds of the General Obligation Bonds or the Issued Revenue >;or7ds, when and if issued, =old and delivered and tvet Project Revenues and such 1~?otes constitute an irrevocable, exclusive first lien upon the net proceeds of the General Obligation Bonds or the Issued Revr_~nue Bonds, when and if :issued, sold and delivered and Net Project Revenues. Except as otlze?~w.ise expre=ly provided in this Note and f.he Ordinance, the net proce4~ds of the General Obligation >~onds or the Issued =t~venuc Bonds, ;•rhen end if issued, sold and delivered are plcdgt~d ~nc3 set aside to the payment of this Nate and the notes of the series of which this is one, and the Net Project Revenues are pledrod and set aside to the payment of the interest hereon and thereon, all in anticipation of the collection of the Net Project Revenues and the issuance, safe and delivery of the General Obligation Bonds or the Issued Revenue Bonds. The Town covenants and agrees with the holder of this Note and with each and every person who may become the holdor her;'of that it wi11 keep and will perform all of the covenants of this Note and of the Ordinance. In the Ordinance the Town has agreed that it shall in good fait:, make every reasonable effort Go sell a sufficient amount of its General Obligation Bonds or its Issued Revenue Bonds at one time or from time to time so that on or before ay 1, 1982, there will have been sufficient not proceeds from such bond sales which, together with other legally available funds accumulated in the Note Fund ~.nd the Reserve 1~und, will have been applied by file Town to pay in fu11 the l]ebt Service Requirements for ~~'1 of the outstanding Notes of the issue of which this is one. Any outstanding Notes not so paid from the Note Fund and the Reserve Fund shall be exchanged for the Town's Exchanged Revenue Bonds as provided in the Ordinance. .~~gw ~ + ~~ Reference is hereby m<_3c3e to the Ordinance, ~.nd to any <-~nd ~~il modifications and amond~nent:s thereof, for a descr. ipt_ion of the provisions, terms and conditions t3pon which the Notes of the series of which this is one are issued and secured, incl~~ding, without limitation, the nature and extent of the secffrity for the Notes, provisions with respect to the custoc,y ~-~nd application of the proceeds of the Notes, the collection and disposition of the revenues and moneys c}7arged with and pledged to the p,:~y:~~ent of the I~nbt Service Requirements of the Notes, the terms and conditions on which the notes are issued, a description of said special fu,~ds referred to above ~.nd the nature and extent of the sec«r ity and pledge afforded thereby `or the payment of the Debt Service Rec~uirrments, and the m~:;nner of enforcement of said pledge, the agree:~ents ~~oncerr~i`tg exch~:rZCe of the Exchanged Revenue Rands for the Notes, us well as the r.i,hts, dr~ti~s, immunities and obligations of t..he Town ~~nd t_he r,enbers of .its Town Council and also the r i.ghts and remedies of the hod ders of the Notes . To the extent and in the respects permitted by the Ordinance, the provisions of the Ord ~ Hance, or any instru;~,ent ~..:~:endatory thereof or supplemental thereto, may be ~^odiiied or ~- ~_,~ded oy act~_on of the ~:~own taken in the manner and subject to the conditions and exceptions prov ided in the Ordinance . The p7_edae of ,z:=t procecas, revenues and other obligations of the Town under the G:-~:inance may be discharged at or prior to the maturity of the Not:~s upon she rE,a~cing of prov.isian far the payment of the Notes an ~.he terrrzs and ;:cnditions set £'orth ire the Ordinance. It is hereby recited, certified and -~rarranted that all the requirements o~~ law h..ve been fully complied with by the proper officers of the Town in the issuance of this '_,ote; that it is issued pursuant to and in strict conformity with the Constitution of the State of C~•~.lorado, including l,rticle XX 5ectic~no thereof, the Town Charter, and all other la~~as of the State of Colorado thereunto enabling , and with the Orr finance and any instru,nent supplemental thereto; that this Note noes not contravene any constitutional or statutory limitation of the State of Colorado ar any lirr~itt~tion of the Town ('barter; and that this Note and each of the other Notes of the series of which it is one are issued under the authority of the Ordinance. __^n ~~# ~- •~ For. the payment of this gate tend the' interest kic'rcan, the T~nwn pledges i°he exercise of all its lawi~ul corporate pc~~~,~r,rs. This Note is transferable only upon the kooks of the Town kept ~.y the .Paying Agent as registrar, by the registered owner hereof in person or by his duly authorized attorney, and similarly noted hereon, subject to i:he cond it-ions provided in the Ordinance . :[N WITNESS WHER.EDF, the Town Council of the Town of Vail, Colorado, has caused this t~~ote t=o be executed in its naive and on its behalf with the tacsimile signature of ~~k~e Mayor of the To~,an, to be coaled with a facsimile seal of the Town, and to be szgned ~:.nd attested by the manual signature of the Town Cleric of the `.'own all as of the 1st day of" May, 1980. `_'0~;'~ OF VA I T , C'OI:Ca~ADO ~y (F c.__..,ile 5icr,at~.aroj ( SEAL ) Attest: (Manual Signature) Town Clerk (End of Form of Reg istcred Note ) -30- ~~ • • (Form of Rogist:ration ~'anel) This Note is rcgistercd in 1_.he c>,`.i~ice of t4~e C'~yinq T•.grnt t~f tin Tah~n of VaiJ., Colorado, ~~s Registrar, in the Warne of the owner Listed below, and the principal ar~ourzt of this Note and interest thereon shall be payable only to such owner , all in ~~ccorc3Unce wi~.h the Ordinance authorizing the issu~7nce of this Note. bate of Name of Signature of Registration .. .. ..Registered O;aner .~~ ~ ~tegistrar .... .. (Fnd of Farm of Registration Par?eI) _-zi ~~ ~ ~r C. Notes rqu~-illy Secured. 'Phc cover~an#:s ~~nd ~:grer'mc~nts hr_-rei,-t set forth to be performed on behalf of i.ho Town shall be for the ~-~~.al benefit, protection and security of the hol~3trs of any and all of ~:,e Notes and the coupons pertaining #:hereto, if any, all of whicl7 shall be of equal rank without preference, priority or distinction of any of the Notes or coupons, if ~~ny, aver ~~ny other thereof, except as otherwise expressly provided in or purst2ant to this Ordinance. D. Special Obiigr,tions. 1111 of #.he ~~ot~as, as to all Debt Service Requirements thereof, shall be nayab7.e and collectible sole=ly out of the net proceeds of the Parking facility Central Cbli;ation Bonds or the Parking ~'~~cility I:evenue vonds issued for ,such pr.rrpase, when and if issued, sold and delivered ~~nd with the Net Project Revenues being pledged solely, txcr_pt as }~rovzded hcrc~in, to pay interest on the Notts, •,ahich proctec~s ,-~nr~ rrvc.nues ~.re t~~reby ~-o pledged for that purpose; the }~~older or holders of any of the Notts or coupons, if any, may not look to any general or other fund of the town far the payment of the Debt Service ~equirements, except the herein-designated special funds pledged therefor; the Notes and coupons appertaining thereto, if a:~y, wall not constitute an indebtedness ~r a debt of the '1-'own within f~he meaning of any constitutional or statutory provision or limitation of the State of Colorado or any provision or limitation of the mown of Vail Charter; and the Notes z~nd coupons shall not be cons.ider~~d or geld to be general obligations of the 'T'own but shall constitute the special :end limited obligations of the Town. The .~o~_es are not payable in who-~~ or in part from the proceeds of general ~~rc~~erty taxes and the ~"ull faith and credit a~ the Town is not pledged for payment of the Notes or their coupons. No portion of the pro~~,eeds of the Sales Tax is pledged to the payment of the Debt service Requirements of the Notes. Sectign 5. >;unds Created by~Ordinance. A. Disposition of Note Proceeds and Other Rc~venues;-Security -or Notes. the proceeds from the Cale of the NoL-cs, the net proceeds of the Parking ,Facility General Obligation Bonds or the Parking Facility Revenue Bonds .issued for such purpose, when and if issued, sold and delivered, and all Net Project Revenues reccivr_d by the 't'own from t^e Project shall be deposited by the 'T'own in t:he funds ~3c~scr. ibed in this _~2~ ~c- ~ •f `'ection 5, to be accounted for in t-he manner and priority :yet Corth in this Section 5, 'Phe val.id.ity of the Notes .,hall not be dependent on nor he affected by the validity or regularity of any proceedings relating to the Project or ~~ny part thereof. The Purchaser of the Notes, any associate thereof, and any subsequent holder of any Notes shall in no manner be responsible for the ~3pplication or disposal by the Town or by any of .its officers, :gents ~~nd employees of the Honeys derived from the sale of the Notes or of ar~y other moneys designated in this Section S. Until the proceeds of the Notes are applied as provicirad in this Section S and used to defray the cost of the Project from ti~;e to time, the proceeds of the Notes shall be subject to a lien thereon Gnd pZ~dge thereof for the i~enef.it of the ~;olders of the ?Dotes from tir,_ to time as provided in this Section 5. The net proceeds of the Parking Facility General Obligation Bonds or the Parking Facility Revenue ;~3onds issued for such purpose, when and if issued, sold and delivered, and all moneys and securities paid or to be paid to or held or to be held in any fund ar account hereunder are hereby pledged to secure the payr;ent of the 1~ebt Service Re~luirements of the Motes, subject to the provisions heroin relating to the Construction Fund and provided that the Net Project Reven:,es are hereby pled~3cd solely far payment of interest on the Notes except that to the extent ~.:ayment of inte~~est on the Notes is fully provided for in any fiscal Year, the Net Project Revenues may th;~n be applied toward payment of principal of the Notes; and this pledge shall be valid and binding from and after the d~-te of the first delivery of the Notes, and the moneys, as received by the Tawn and hereby pledged, sha11 immediately be subject to the lien of this ?~~ledge without any physical delivery thereof, any filing, or further act, z~nd the Lien of this pledge and the obligation to perform the contractual. provisions hereby made sha11 have priority over any or ail other obligations and liabilities of the Town (except as herein otherwise expressly provided), and the lien of this pledge shall. be valid and binding as against all parties having r~laims of any kind in tort, contract or otherwise against the 'down (except as herein atherwi.se expressly provided}, irrespective of whether such parties have notice thereof. ~3~ •~ ~' ~i F3. Constr«ct ion I'[~nr3. A ~~pcc i~~l fr.rnd is l~nrcl~y created and designated as the "Town n£ Vail, Colorado, Seri.e, flay 1, 1.980, Construction Doan Notes, Construction Fund." 7.'he proceeds of the Notes, except the sums required in Section 5C lzerea~ to tie ~iepasitd in the Note Fund, shall be deposited in the Con.struci.ion Fund to ~~ used and pa id out from time to time solely for the pair loose of i~ayi:-.g the cost of the Project, 1~ny surplus remaining in the Con:~tructio^ Fund after completion of tl;e construct=ion, acqu.i it.ian, in.~tallatien and egu ipping of the Project ~;hall lie dF~pasited in anti u.~ed for the purposes of the Note ;,and . C. Zvrtate Fund. A 4~~e~-.ia1_ fund is hereby crcatod a,1d dnsi~~nat3 as the "Town of Vail, Colorado, Sl.'rieS ~'~ay 1, 198Q, Construction i~can Notes, Note Fund," The Town shall deposit in the :"Tote Fund, forth-~ith upon receipt of the nroccec?s of tl~e Motes, int~orr-st ~ccri~od thereon Pram their date t~.o the date of del.i=.~nry thereof to the ~urch4ser ar:d in addition the sum agreed upon in the note purchase ,~grec~ment enured into between t_he Town and the Purchaser to apply to the payr;rvnt of interest on the Notes as the same becomes due after their delivery. As Net Project Ravenues are received they shall Ue crediw~~d immediately to the Note fund. From tvet Pro~iect R~:venl.ies and other legally available moneys" a£ the Town, ~~n or before th? due date of each respective installment of int~4rest, there ,hall lie credited to i.he Note Fund, the next maturing installment of int~_rest due on the Notes then ©utstanding. The moneys credited to the Noto Lund shall be used to pay tha interest on the Notes then Outstanding, as such ~_nterest becomes du=. When and if the Town has issued, --old and delivered the Pz3rkinc Facility General Gbligation Bonds or the Parking Facility Revenue Bonds issued for such purpose, the net proceeds of the said Bonds received £rom time to time shall be credited to the Note fund to be applied to the Debt Service Requirements of the P{otes, upc7n the redemgtian or maturity thereof. D. Reserve~Fund. A special fund is hereby created and designated as t~7e "Yawn of Vail, Colorado, Series i•tay 1, 1980, Cor. ;traction 1'=,oan Notes, Reserve Fund." -34~- _ - _ : ~,. :. __,: x .. • ~ ~ 1 r The Town Shah. deposit. in tae Reserve Fund, forthwith upon delivery to the Purchaser of the }3onds, from funds of the Town )r~::~1_ly available for this purpose, the sum of $3?.D,000, ;which sum on .such delivery d~~t~e is equal to the reserve Fund ~tecluirement. The Town shall maint~3in the Reserve Fund in the ~~~:iount of t:he Reserve Fund RequirE~,r~en~c from any of its funds legally ~~va.il,ble for this purpose and no payment need he made into the 'deserve Fund so ?onq as the moneys therein shall ecaual the Reserve ,und Roc;uirf,;r,e=nt fro:: time to time. The moneys in the Reserve Fund shall be used only to prevent deficiencies in i=r~ym4ent of i=he ~'~~bt Scrv~.ce ^;.c~tair4.~:ti_nts of the ?dc;tes to the extent t}gat funds in the Note Fond ~:re not sufficient for r'-.~zt purpose. The money so ,used s}~~-al]. i,e r4placed in ~~he Reserve Fund, promptly upon rece]pt i.nt~reof~ 1'Oi?l ,~"ly ~`:iiE?r f:~~ia:~ Of t'r,F' `i'O1v1~7 legally available for this purl-ase, until the :~escrve Fund P.equire:-.ent has been reaccunulated in the Reserve Fund. E. Termination of Neposits; Use of I`Soneys-in Note Fund and Reserve Fund. No payment need be made into the Note Fund or the Reserve Fund, or both, if the imount in the P:3te Eland and the amount in the Reserve Fund total a sum at least e~1~aal to the entire a;;~ount of the Outstanding Notes, as to all Debt Service i-~equirei~tcnt.s, to their maturity ar to any redemption date on which the Town ~=hall hove exercised or shall ;gave obligated itself to exerci~.e its option to redeem, prior to maturity, any Notes, then outstanding, and thereafter maturing, both accrued and not accrued (prov.ided that, solely for the purpose of this Section 5E, there shall }~e deer~zed to be a credit to the Reserve Fund of moneys, Federal Securities ar~d bank deposits, or any combination thereof, accounted for in any other account or accounts of the Town and restricted solely far the ptarpose of paying the >~ebt Service Requirements) , in which c~~se Froneys in the Note Fund and the Reserve Fund in ~in amount, except for any known Interest or other gain tv weer ue from any if,vestment ar deposit of mo;;cys pursuant to Section Sfi hereof from the time of any such investment or del,~osit to the time or res,~ective times the proceeds of az~y such investment or deposit shall be needed for such payment, at least equal to such ~bt Service Requirements, shall be used together ,with any such gaze from --35-- ~~ ~- ~r suer invcsL-ments and depo ;its ~~olely to pay such Debt Service RegLairements as 1-he s~-rrne f~r~come due; sand any moneys in excess ther~_of in the Note Fund rand the Ra~serve Fund and any oi:her ;Honeys der ivcd from the Net Project Revenues or otherwise pertaining to the Project may be used in any la•~aful manner determined by the Town. The moneys ira the Note Fund and in the Reserve Fund shall be u.:ed solely and only far the purpose of paying the Debt Service Requirements of the Notes. F. Budget ~~nd Appropriation'of Funds. The sums provided to rake the payments specified in this Section 5 are hereby ~;ppropriated far said purposes, and said amounts for Bach year. shall be included in the annual budget and the appropriation ardin<;nce or measures to be adopted or passed by the Town Council in each year respectively while any of the Notes, either as to principal or interest, are Outstanding and unpaid. No .provisions of any constitution, .statute, charter, ordinance, resolution, or other order or measure enacted after the issuance of the Notes shall in any ;canner be construed as limiting or impairing the obligation of the Town to keep arld perform the covenants contained in this Ordinance so .long as airy of the ?•3otes remain Outstanding and unpaid. Nothing herein shall prohibit the Town Council froir appropriating and applying other funds of the To•.an legally available for such purpose to the Note Fund for the purpose of providing for the payment of the principal of , irate r est on or any pre;:riums due with respect to the Notes . G, Places and Times'of Deposits. Each of the special funds created in this Section 5 shall be maintained in a Commercial Eank as a book account kept separate and apart fro: all other accounts or funds of the Town as trust accounts solely far the purposes herein designated therefor. ~'ar purposes of investment of moneys, nothi:rg herein prevents the commingling of moneys accounted for in any t~,:o ar more such book accounts pertaining to the rlet i'roject Revenues or to such fund and any other funds of the To~an to be establ i:~hed under this _ Ordinance. Such ~aook account shall be continuously secured to the Fullest extent required or permitted by the laws of the State for t~;e securing of public Funds and shall be irrevocable and not faithdraFr_:~le by anyone far any purpose other t}aan the respet: tive designat{.~d -36~- • ~ ~- •,- purposes of such funds or .accounts. Each periodic p~:~~•;r;ent shell be credited to the proper book account not .later than the date thereftir herein design,.ted , except that when any such date .:hall }.>e a Saturd,Y, a Sunday or a legal holiday, then such payment shall be rr,~ade on or before the next preceding business day, H. lnvestment of Funds. Any moneys in any fund established by this ~rd.inance may be deposited, invested, or reinvested in any rear;^er permitted by Iaw. Securities or obligations purchased as such an investment shall either be subject to redemption at ny time at face value by the holder thereof at the option of such holder, or shall mature at such time or times as shall :~~ost nearly coincide with the expected need for moneys from the fund in question. Securities or obligations so purchased as an investment of rz;oneys in any such fur:d shall be deemed at all times to be a part of the ar~rtlicable fund; provided that, with the exception of the Reserve Fund, the interest accruing on such investments and any profit realized therefrom shall be credited to the Note Fund, and any loss resulting from such investments shall be charged to the particular fund in question. Interest and profit realized frr~m investments in the Reserve Fund ~~hall be credited to the Reserve Fund, provided that, so Tong as ti:e amount in the Reserve Fund equals at least $320, DOD, such interest and profit may be transferred to the Note Fund and distributed in the s:-me manner as other moneys in the Mote Fund. Any loss resulting from s.~ch investments in the Reserve Fund shall be c'r:«rged to the Reserve Fund. The Town shall present for redemption or sale on the prevailing rrar;{et any securities or obl igatic~ns so purchased as an investment of rr~aneys in a given fund whenever it shall be necessary to do so in order to provide moneys to meet any reciuired payment or {~ransfer from such fund. The Town shall have no obligation to ;rake a.:y .investment or reinvestment hereunder, unless any moneys on ha;:d and ~~ecounted J'or in any one account exceeds $5,000 ~.nd at least $5,DD0 therein will not be needed for a period of not less than ~ ~ xty (6D) ~3ays . In such event the Town shall invest or reinvest not less than subst~.ntially all of the amount which will not be needed during such sixty (60) day period, except for ,-any moneys on deposit in an .interest bearing account in a Commercial }dank, without regard to whci_her such moneys ~-~re c~v idenc~a ... 3 ~ - ~~ ~~ ~~ by ~~ ~=~'rtif~-Cato of deposit or otherwise, pursuant to this Section 5H and Section SJ hereof'; but i:he `T'own is not required to invost, or so to invost in such a manner , any rnonc~ys accounted far hereunder if any such investment would contravt~ne the covenant concerning arbitrage in Section 6A hereof. 1. Na f~.i.ability for I,os:,es incurred in Perfor.ming~Tc'rms of Ordinance. Neither the Town nor any officer of the Town :;hall be liable or responsible for c.ny loss resulting frorrr any investment or reinvesi_mcnt made in accordance with this ordinance. J. Character of Funds. The .coneys in any Fund herein authorized shall consist of la~~ful r;~oney of tt~e United 5tatos or ir~vestrr~ents permitted by Section 5H heroof c>r both such money ~_nd such investments. Moneys deposited in a c'~~;r,i:nd or t.i;-ae ~3eposit account in or evidenced by a certificate of de~os.it of a C~~-r:;~rcial Sank nur,ar:ant to Sections 5G and 5H hereof, appropriately secured according to the laws of the State, shall be deemed lawful ,~~oney of the United States. Section 5. Covenants and Provisions. The Town hereby particularly covenants and agrees w:th the holders of the Notes and coupons ~.ppertair.ing thereto Yrom ti!-,e to time, and makes provisions which shall be part of its contract with such holders, which covenants and provisions shall be ;ept by t;.~e Town continuously until all of the Notes and the interest thereon, have been fully paid and discharged, to tht effect <:;-~d purpose that: A. Arbitrage Covenant. The Town coven<<nts wit} the holders of the Notes that it will make no use of the proceeds of the Notes at any time during the term thereof which, if such use had been reasonably expected on the date the Notes are issued, ~.=ould have caused tho Notes to be arbitrage bonds within the meaning of Section 103 (c) of the Interns? Revenue Code of 1954, as amended, and the regulations proposed ar prescribed thereu,:der by the United ;Mates Treasury Department, unless, under any provision of law hereafter enacted, the interest paid an the Notes (a} shall be excludable from the gross _ income o~ a recipient thereof for federal income tax purposes without regard to whether or not such Notes are arbitrage bonds, or (b) shell be exempt from all federal income tax~3tion. -38~ . ~~ ~r ~l S. Sale of General Obli,ati_on or Revenue Bonds. `Phr~ Town shall in good faith make r~v4ry r-[~,..~~~n~~ble effort to sell a :-uffici[nt .~~nc~~nt of its Parking Facility General Obligation Bonds or its P~~rk.ing Facility Revenue }3onds at one t i.me or from time to time so that on or #~efore I~ay 1, 1982, th[_>re will have bean sufficient n~~t pro[°eec3s {~rom such bond salon which, together with other legally available funds accumulated in the Note Fund and the Re:verve Fund, will have been applied by the Town to pay in full the I::~t~t Service Requirem~ nts for all of the outstanding Notes. Revenue Bonds i'.:sur_d under this Section 6B shall have a maxi~„um net effective interest rate of 15o per unnu~t. Any outstanding dotes not co p~~.id from the 'rote Fund ~.nd the ~escrve Fund Shall be exchanged for the TO'Y7n ~ S ~E?V~n~lC' ~'OtiC'iS S pr0~,"c=,{ad In Section 6C hereof. C. Exchange Covenant. Ta the e:;tent t;~~at the s~.~ms acc>~nulated in the Note .Fund ~:nd the Reserve Fund on h}ay 1, 198?_, are not sufficient to pay the principal of all of the outstanding Notes at their maturity, the Town shall exchange its Parking Facility Ravenue Bonds for all of such remaining outstanding Notes and in such event the holders of su[,h remaining outstanding Notes shall oe required to a_ecept such exchange Revenue Bonds in lieu of the payment of the principal of the Notes without further recourse against the `T'own for such payment of principal.. Interest on such Notes exchanged for Revenue Bonds shall cease to accrue from and after day 1, 1982. The Panting Fatality Revenue 3onds issued for exchange purposes shall be dated May 1, 1982, and shall boar interest from said date at an interest rate as determined by ordinance of the gown Council which shall not be less than two percentage points greater than the .interest rate of the Note or Notes in question and provided that the net effective interest rate for the Revenlse F3onds to be exchanged for such Note or Notes shall not exceed 15~ per annum. 'rhe ~_xchange Rev~_nu~ Bonds shall mature in not less than ten (10) years from gate of is=nuance pursuant to a schedule of maturity determined by the Town Cour~cal by ordinance. The Parking Facility Re~~~entae Bonds to be so exchanged may be issued in bearer or registered form, rn~~y be redeemable at the option of the To'~rn ~~t such prices and on ,uch dugs and may be in~ such form as deter. m fined by ordinance of the 'l'awn . T:-.J ,„ . ~~ ~~ ~~ terms and provisions of the ordi:zanc_e ,authorising the issuance of r:'~.e I?ark.ing Facility Rovenue j~~onds to be .~o c~xch~;rif~~~d and r-he ~~elivr•ry ~,f such bonds to the halders of rn~~tured but rrnp~~id Notes in exchange therefor shall provide that the principal of and interest on such exchange Parking Facility Revenue i3onds shall }-,e pC;yable as authorized by the Cf~ar.ter from the Not Project Revenues and any tax other than an ad valorem tax or any other legally available funds of the Town as determined by the Town Council. R'l1e Toty~n Council :hall dc't.er:nine sll other terms, pr.ovisians and covcnur~ts to be set forth in such authorizing ordinance.. To offect such exch~.nge, tl~e "'own ~~hall deliver to each holder. of Outstanding Notes, on the maturity date of such Motes, a principal amount of its exchange Revenue Fonds e~~ual to the principal ,::::oust of Outstanding Notes held by r,uch .~otc}:olc~rr. `~}-~~ ~orial n~.~~i-::-,ers of t:-_e Parking Facility Revenue }?onds to be sa delivered to each NoteholdEr shall be determined by lot among all of the holders of Outstanding Notes. Notice of the exchange of ~:evenuP Sor,ds for Notes shall be given not less than thirty (30} days' prier to i;ay 1, 1982, by publication and by mail in the ;canner provided in this ordinance for notice of redemption. Far the p~rp:,~~e o?= rec~~.iving notice by mail vhe holder of any Nate may at ar~y tirr,e ~urni:~h :pis r~a,~e and address to the Raying Agent. Upon receipt of said exchange- Parking facility Revenue Bands eG::h holder of such matured P3otes shall deliver ;,:is exchanged Foote or Notes to the Paying Agent for cancell~:i_ion. D. Restrictions on Future Financing. 'lhe Town covenants and agrees that until the principal of and interest on the Notes have been paid in full, the Town will not issue, sell or deliver any future obligations p~~yable in whole or i_n part, on a fir:7t lien or subordi.nat_e lien basis, from the Capital Irr,provements and Open Space Fund or from the Sales Tax Revenues, except for any bonds, notes, warrants or other securities refunding any Obligation of the Town. The Town may hat issue over $1,'150,000 in princ?~al.amount of Lwnd Transfer Tax Anticipation Warrants .issued in accord~~nce with Ordii~._:,ce No. 4, Series of 1380, on ar before tray 1, 1982 unless auch issuance is approved in writing by the Purchaser, provided that such approv'_ shall hat be unreasonably withheld. -" t {~ - ~~ ~, •~ E_ Rate Maintenance Covenant. The Town shall .impose and collect Cross Project Revenues for the Project ~4hich shall produce clot Pro~ct Revenues which shall be sufficient, together with other lt~gally av~~ilab]e funds, to pay when due and in full the interest on Lhe Notes. ~`. ~ffic.ient Operation and Maintenance. The Town shill ~~t a]1 times operate the Project properly and in a sound and economical rrianner. The Town sha].1 maintain, prescr.ve and ?:~~ep i~he Project properly or cause the sa,~,e so to be maintained, preserved, and kept. with the appurtenances and every part and parcel thereof in c~aod repair, working order and condition, and shall from tune to tine ma'{e or cause to be made a].l necessary and nropcr repairs, replaccrr~ents and renewals so thFt at all ti;~es the m,air,tenance of the Project :n~~y be properly and advanta~ cously ~,onducted. G. Protection of Security. The To°~.~n, i#.s officers, a~3ents ar,d employees, shall not take any action in such manner or to such extent as might prejudice the security for the payment of the Debt Service Requirements of the Notes. No contract shall be entered into nor any other actian taken by which the rights of any holder of any 'rotes might be prejudicially and ;pater Tally impaired or diminished . H. Dis=~asai of Project Prohibited. Neither atl nor a substantial part of the Project shalt be sold, r~artgat;ed, pledged, encumbered, alienat~.d ar otherwise disposed of, nor shall the Town dispose of its title to the Project or to any useful part t:r~ereof, including any property necessary to the operation and r;~~p of the Project and the lands and interests in lands comprisinc: the Project, until all of the Notes have been paid in full, as to all Debt Service Requirements, or unless full provision has been made therefor. I. Surety Bonds. Bach official or other person having custody o~ any revenues and funds pledged herein or responsibl:~ for their handling, shall be fully bonded at all times, which band shall he conditioned upon the proper application of said moneys. mhe cost o€ each such band shall be considered one of the operating casts of the project, unless otherwise provided by Iaw. -~~~ • ~~ ~-- ~r J. Inspection of Records. r.ny hol~)er of ~~ny of the Notes, Gr.y d€~ly authorized agent or ..:r~entrs of such I,oldc~r, or f-1ie Pur-ch.sFr of the Notes, shall have the right at all reasonable times to inspect all records, accounts and data relating thereto, conccrnirzg the Project, the revenues and funds pledgr~d herein, or all or any other combination thereof, to Make copies of such records, accounts and data at the holder's or Purchaser's expense, and to inspect the Project. K. I~trdits Required. The `?'own, Unnually fo.l)_owing the close of each fiscal Year, sha11 order an audit for the r'iscal Year of tl=e books and accounts pertaining to the Project to be ~:s~de forthwith by an independent accountant, ~.nd order an ~_udit report :_ho~:ing the receipts and di:~~bur ,e,~,ents for e~_ch fund or ,jccount ~ ~~rt~..ining to t e project, the revenues ,.nd funds plE_d~:cd ];ere in, or all or any other combination thereof. All ~=xr~~rses inct~rrcd in tr,e ~.uKir~g of t}-~e audits and reports requiired by this erect=.ien r=1~a11 to regarded and iazd as an Operation and Maintenance Expense. L, insurance and Reconstruction. The Town shall at all times maintain with responsible insurers all such insurance reasonably required and obta~nabl.~ within limit- and at costs deem~ad reasona}~l' by the Town as is custo;r~ar fly- maintained with respect to parking facilities of like character against loss of or damage, against loos of '.•Zet Project Revenues, ar-d against public and other liability to the extent at least reason~~i~ly necessary to protect the interests of the Town and of each holder of a Hots, except as herein other~~rise y~rovided. Tf any useful part o the Project shall be camaged or destroyed, the Town shall, as expeditiously as possible, commence and diligently prosecute the repair or replacement of the damaged or destroyed property so as to restore the same to use. The proceeds of any insurance appertaining to the Project shall be payable to the Town and (except for proceeds of use and occupancy insurance) shall be app lied to the necessary costs involved in such repair and replacement, and to the extent not so applied shall (together with the proceeds of any such use 4~nd occupancy insurance) he deposited in the Note 1~'und. . ,, ^ ! * ~ erection 7. nei'e~~sance. When aII of the Debt Service Requirements of the Notes have }~e~~~ duly paid, all obligations hereunder :hall thereby be di:~charged a~-.d the Notes shall na longer be deemed to be Outst.nda.ng. There shell be deemed to be such due payment when the 'T'own has pl~,ccd in escrow or in trust with a trust bank loc~~ted within or without the State of Colorado, moneys or Federal Securities in an arr~ount :sufficient (including the ]mown minrmum yield ~~vai~.uble or such purpose from Federal Securities in which such ai;7ount wholly or in part may be initially invested) to meet all Debt Service ~equirE~ oats a1= the Notes, as the same become due to the final maturities of the ~v'otes or upon any redemption date as of which the Town :,hall have oxerc.ised or shall have obligated itself to exero.ise it.s i~rior r~=~~c~mnt.i.on option by a call of Notes for p~,r~;,ent then. The "e~t~ral ,~-~curit ies shall bec~.are due prior to the respective times at which t;he proceeds thereof tihc11 be needed, in accordance with a 5ci~edule established and agreed upon between the Town and such bank at the time of the creation of the escrow ar trust, or the Federal Securities shall be subject to redemption at the option of the holder thereof to assure such availability as so needed to meet suc.:h ._chedule. Section 8. Amendment of Ordinance. A. Amendment of Ordinance~Not Requiring Consent of Notehoiuers. The Town may, without the consort af, or novice to, the holders of the Notes, adopt such ordinances supplemental };~.reta (which tiupplementGl amendments shall thereafter form a part hereof) for any one or more or all of the fallowing Purposes: (a) To cure any ambiguity, or to cure, correct or suppler:.ent any defect or inconsistent provision contained in this Ordinance, or to make any provisions with respect to matters arising under this Ordinance or far any other purpose if such provisions are necessary or desirable and do not adversely affect the interests of the holders of i~he Notes and coupons; or (b) Ta subj ect to this Ordinance additional revenues, properties or collateral. B, Amendment-of-Ordinance Requiring Consent of Noteholders. Exclusive of the arnend~3tory ordin~~nces covered by Section 8A, this -93- ~ ~ t Ordinance may be ~-~mended Fey ordin<;nce, without receipt by it of any additional consideration, but with the written consent of the holders of 65$ in aggregate principal amount of the Notes Outstanding 3t the time of the adapt ion of such amendatory ordinance, provided that no such amendatory ordinance sha11 permit {1} Ch~-.ngir~g i'ayrr,Ent. A cizange in the maturity or in the terrr.s of redemption of the pr. incipal of ~-~ny Outstand.ing Note or ~~ny installment of .interest thereon; or (2} Reducing Return. A reduction in the principal amount of Gny Nate, the rate of interest thereon, or any prior redemption premium payable in c~_~nnect.ion therewith, ;without the cansent of the holder of the Nate; or (3} Prior lJien. Tt.e creation of ,~ lien ui~on or a pledge of revenues ranking ~~rior to the lien or '..o '~~'"~~~ pl~t_7~:e crnat~d by this Ordinance; or {4 } Modifying Amendment Ter;r:s. A reduction of the principal amount ar percentages of Notes, or any ,::edification otherwise affecting the description of '_votes, or other~+~ise changing the consent of the holders of lutes, which :;gay be required herein for any amendment hereto; or (5} Priorities Between Notes. The establishment of priorities as E7etwcen Notes issued ~,nd Outstanding under the provisions of this Ordinance; or (6) Partial~Modification. Any modifications otherwise materially and prejudicially affecting the rights or pr.ivilcges of the holders of less than all of the Notes then Outstanding . Whenever the Town Council proposes to amend or ;modify this ©rdinance under the provisions of this Section 8B it shall give notice of the proposed amendment by publication at least one {1} time by one {~,) publication, in The Vail Trail, veil, Colorado, if hen in business and publishing (~~nd if not, then in a newspaper of general circulation in the Town) , and in .The Daily Loud l;uyer, New a"ork, Ne;: York, if then in business and publishing (,end if not, then in a similar financial newspaper or journal published in Idew York, New York, as determined by the Town Council), such notice to be deerr~ed complete upon the last such publication; and copies of such notice -44- sl~a~.]. tie maned within thirty (30) days after :-r.~ch last publicat~ic:, to the Purchaser of the Plotes, or to any succnsror thereof known t:o : ~.~ Town Clerk and to all registered owners ;end ~a.ll such ]zolders a1= trots as have furnished their nan~GS and addres.;es t:o the Paying 1?gent pursuant to Section 4 hereof. Such notice shall briefly set i'orth the nature of the proposed amendment <~nd r~hall r,tz3te t11~yt a copy of the proposed amendatory ordinance or other instru~~ent is on file in the of f zee of the Town Cl.er k for p~~bl is inspect ion . C. Y'ime for Am4andment. Whenever at any tune within one year from the date of the completion of the notice required to ~~e given by Section 8F3 horeof there Shall be filed in the office of the 't'own Clerk an instrument or instrurr,r~nt:s exacuted try the holders of at ~ east 66~ in aggrer~ate princip~~l Fmor.~nt of the "?ate-s t}-;rn Outstanding, which instrument or iristrr/~;~,onts shell z-cf~~r ~Q '-'~o nr~,~~csed ~„endatory ordinance or other instr t~rr~ent descr ihed in ~-uch not ice and shall. specifically consent to and approve the ~;donation of such ordinance or other instrument, thereupon, but not otherwise, the Town Council may adapt such amendatory ordinance or znstruznent and such ordinance or instru~ient shall became effective, if t'r:e Holders of at le~7st ~"~~ in aggregate principal amount of the totes then ou~st~;ndzng, at ti~ho t.i:,~e of the adoption o>= such ,amendatory ordinance or inst.r~ment, or i he predecessors in title of such holders, shall have consented to sand approved the adoption thereof as ;~erezn prov ided , no holder of any Note whether or not such holder shall have consented to or :;hall have revoked any consent as herein provided shall have any right or interest to object to the adoption or such amendatory ordinance or other instrument or to obj ect to 4ny of the terms or provisions therein contained or to th:~ operation thereof or to enjoin or restrain the Town from taking any actir~n pursuant to the provisions hereof. Any consent given by the holder of a trote pursuant to the provisions hereof shall be irrevocable for a r~eriad of six (6) months from the date of the completion of the notice above provided Lor and shall be conclusive acrd binding upon all. future holders of the same trote daring such period. Such consent may be revoked ~3t any time after six (6) months from the completion of :;uch notice, by the holder who ~~ave such ~~ansent or by' a successor in title, by filing notice of :such _45-- _ _I --- revocation with the Town Clerk, lout such revocation r=hall not be effective if the holders of G6~ in t~ygregate principal .mount of t}ie ivotes Outstanding as herein provided , pr for 1_o tl~e ~3ttempted revocation, shall hove consented to and approved the amens~3tory instrument referred to in such revocation. D. Unanimous Car sent. Notwithstanding anything in tl~e foregoing provisions contained, the terms and the provisions of this Ordinance, or. of any ordinance or other instru,~~ont amendatory thereof and the rights and the obligations of the Town and of the holders of the Notes and coupons, if any, thereunder may be modified or amended .in any respect upon the ac~opti.on ]~y the Town and upon the filing with the Town Clerk of an instru;*~ent to that effect ar,d with tl~e consent of the holders of all the then Cutstand ing 1~;otes, such content to be given in the manner provided in ~'rr_tion fiC h~.rz~of; ~:~~d no n~t.ice 4o holders of Notes, e2theC by mail ing or >Jy ru1Jl icai_ion, shall. he re ;ui red as provided in Section 8II hereof, nor shall the ti:~e of consent be limited except as ,~.ay be provided in such consent. E. Exclusion of-Town`s Notes. At the time of any consent or of other action taken hereunder the 'iown shall furnish to the '~:'~ n Clerk a certificate, upon which the Town C1~~rk may r;=1y, describir~g all Notes to be excluded for the purposR of consent or of other act;_on or of any calculation of Outstanding i~~otes provided for hereunder, and, with respect to such excluded Notes, the Town shall not ~e entitled or required with respect to such Notes to give or obtain any co.lsent or to take any other action provided f_or hereunder. F. Notation on Notes. Any of the totes delivered after the effective date of any action taken as provided in this section 8, or Notes Outstanding at the effective date of such action, :~~ay boar a notation thereon by endorsement or otherwise in form approved by the Town Council as to such action; and if any such Note so authenticated and delivered after such effective date does not bear ~.uch notat? ~n, then upon dem~-~nd of the holder of any Note Outstanding at such effectiive date and upon I:~resentation of his Note for such purpose at the principal office of 1_he Town, suitable not~~tion shall he made on such Note by the Town Clerk as to any such ,action. If the 't'own Council so determines, new Notes so modified as in the ol.,inion of the _~ G- ^ F 'T'own Council to conform to r~uch ~;ction :~hal1 be prepared, authenticated ~3nd delivered; ~~nd i~1~on demand of the Izalder of ~sny Nate then Outstanding , shall he r_•xchanged wit=bout coat to :,uch Yrolder for Notes then Outstanding upon ~~urrenc~c~r of ,1ut~h C~rrtsta,nding ~3otes with all unrnatured coupons, if ~~ny, l~ert_aining thereto. G. Proof of znstrr:mc~nts ~~nd ?Jotes. '1S~e S~act and date of execution of at7y instru, ent under the provis.ians of this erection 8, the amount c;nd number of the Not+~s held by r~ny person executing such instrument, and the date of his holding the same may be proved as provided by Section FsH hereof. H. Evidence of Noteholders. Any r.ec~uest, c:ons,~nt or other instrument which this Qrdin4nce may reguire or may ner:nit to be signed and to be executed by S.he hoi.der of any ~~otes or ot1,Lr ser,ur ities rr~ay be ~.n one .instru~~r~3t or r.ore than one i r~Str .;t;r-nt ~~f similar tenor and shall be signed or may be executed by each holder in rerson or by his attorney appointed in writing. Proof of the execution of any such instrument or of any instru<<,ent appointing any such attorney, or the holding by any person of ~.he securities or coupons pertaining thereto, if any, shall he suff?czont for any purpose oi= this ordin:;nce (except as otherwis=~ heroin expressly providea} if rnac~e in the fallo~ving manner (1) Proof of Execution. she fact and the date of thc~ execution by any holder of any Dotes or othr~r securities or his attorney of such i=~sS:rurr:~nt may be proved by the certific<:te, which need not be acknowledged ~_x verified, of any officer of a bank or trust company satisfactory to the r3awn Clerk or of any notary public or other officer authorized to take acknowledgments of deeds to be recorded in the state in which he purports to act, that the individual signing such request or other instrument acknowledged to him the execution, duly sworn to before such notary public or other officer ; the authority of the irZd iv idual or individuals executing any ~-uch instrument on behalf of a corporate holder of any securities may be established without further proof if such instrument is signed by an individual purporting to be the president ar v.i.ee-president of such corporation ••.ith the corporate seal affixed and atte.~ted by an individual prrporting to be its _.47- ~ ~ ~ secrc,tary or an assistant socrci~~=rry; ,.nc~ the ~:,uthority ref ~~ny person .or persons executing ~~ny r;uch instrti~:~c~nt in any f ~luciGry or representative c~~p~.~city may be established without further proof i f such instrument is signed by a per ron or per :sons purporting to ,pct in such fiduciary or rc~present:3t.ive c~~p~:ci.ty; and (2) Proof of F-Told ings. The amount of tJat:es ar ather securities transferable by delivery halal by «ny person executing any instrument as a holder of securities, a;~d the nurnber.s, data and other identification thereof, together with the date of his holding the securities, may be proved by a certificate ~,ahich need not be acknowl.Fdged or verified, in form satisfactory to the To~:n Clerk, execrated by a ;r~c~;,~ber of a f..inancial firm or fey an officer of a bank or trust ~:c ~pany, in:cur<~n~_e ~,~~~"~ ,any or f i n~~ncial corporation or other depository satisfactory to the Town Clerk, or by any notary public or other officer authorized to take acknowledgments of deeds to be recorded in the state in which he purports to act, showing at the date therein mentioned that such person exhibited to such arcmber, officer, notary public or other officer so authorized to make acknowledgments of deeds or had on deposit with such t'.epos.itary the securities descriced in such certificate; but the Town Clerk may neverthele:.s in her discre'~,_ion require further ar other proof in cas~~.s °,~here she deems the same advisable. Section 9. f~;iscellaneous. A. Character of Agreement. None of the covenants, agreements, or representations contained herein or in the Notes, shall ever impose or shad be construed as impo:,ing any liability, abliclation, or charge against the Town (except far the special funds pledged t.i:erefor) or against the general credit ~~f the Town payable out of general funds or out of any funds derived from general property tars. $, No Pledge~a~ Property. The payment; of the Notes is not secured by an encumbrance, mortgage or other pledge of property of the Town except for the Net Project Revenr-acs of the Town and the net proceeds of the Parking facility General obligation T3onds ar the P:3rking facility Revenue bands issued for r~uch purpose, when ~~nd if -4II-- t ~ ~ issued , sold and rjel 3vered . No property of the `Sewn , subject to ::tech exception with respect to t-.he Not Proje{-t Revent.tes and t-he net proceeds of said Parking ~'<~cility Central Obligation Bonds or Parking F~~cility Revcsnue ,3onds, whoa and if issued, sold and delivered pledged for the payment of the Notes, shall be liable to be Forfeited or t~};en in i~ayment of the Notes . C. St~~tute of Limitations. No action or suit hased upon any Note or other obligation of the Town ;hall be co;~nmenced after it is barred by any st~~tute of l.i:nitations pertaining thereto. Any trust or fiduciary relatior-,ship between the 'T'own and the holder of any Note or coupon or the obligee re<~:.rding any such obligation ,shall be conclusively presumed to have been repudiated on the ;naturity date or other due date thereof unless the Note a.s presented for i~ayr~~ent or demand for payment of such other obligation is otherwise ,;wade before the expiration of the ~~pplicable ].imitation period. Any moneys from whatever source derived remainir~g in any account reserved, pledg<~d or otherwise held for the payment of any suci~ obligation, action or suit, the collection of which has been barred, shall revert to the Capital Improvements and Open Space Fund, unless the Town Council shall otherwise provide by ordinance of the `t'own. Nothing heroin prevents the payment of any s~:ch Note or other obli~~ation after an action or suit for its collection has been barred if the `s'own Council deems it in the best interests or the Town or the public so to do and orders such payment to be made. D. De~egated-Duties. The officers cif the Town are hereby authorized and directed to enter into such agreer,,ents a.nd take all action necessary or appropriate to effectuate the provisions of this Ordinance and to comely with the requirements of la;a, including, without limitation: (1) Printinc~~Notes. The printing of the Notes, including at ti-.e option of the Town Council the printing t:pon each such Noto of a copy o£ the legal opinion of Det~,uth, hemp & Backus, bond counsel, duly = certified by the Town Clerk; (2) k'inal Certificates. The execution of such certific=,tes as may be reasonably required by the Purchaser, relating, inter ~31ia, to: (a) The signing of the ~;otes; -99- . -, ,.. . _ (b} The tenure ,and identity of t_ho offici~-~ls of the :!'own; (c} If in accordance with fact, the absence of J.iti~~«tia^. pending or threatened , aCfc~ct ing the validity of the ?rotes; (d) The delivery of the Notes and the recf~a.pt of the dote purch~-~se price; (~~) 't'he exemption of a.nterGSt on tk7e ?•:otes from federal income taxation; (f) The rnak ing of ~>ar i_ous st;~tements, rr~citals, certifications and warranties provided in the form of Note set Earth in this Ordinance; and (g) A statement concerning the c'.isclo,ure of information pr.avided in any ?Note offertng brochure, preliminary official statement, official statement or offering circular for i~;rospective buyers of the ?otes . (3) Tnforsration. The a,~se,nbly and dissemination of financial and other information concerning the Town and the Notes; (9} Official Statement or Offering~Circular. The preparation of a Nate offering brochure, preliminary official statement, official statement, ar offering circular, for tPe se of prospective ouyers of the Notes, including, wit gut 1 ~:<<itat.ion, such use '~y the Purchaser and its associates, if any; and (5) Note Sale. The exec~_=lion of th:~ '~;otes <~nd the gale, issuance, and del ivory of the :votes to t;:e ~~archas~~r puXSUar;t to t~-.e provisions of the Note pr~rchase a~~rc~~nent and this Grdinance. ~. Successors. `-rhenever herein the Town is named or '.s ref~urred to, such provision shall be deemed to include any successors of the Town, whether so expressed or not. :,.11 of the coven=-~ts, stipulations, obligations and agree!nents by or on behalf of and other provisions for the benefi>> of the Town cont~~ined herein shall bind and inure to the benefit of ,•.ny officer, '~oard, district, commission, authority, agency, instrumentality or other person or persons to w't:om or to which there shall be transferred by or in accordance with law any right, power ar duty of the Town or of its respective successors, if any, the possession of which is necessary or appropriate in order to comply with any such covenants, stipulations, obligations, agreements or other provisions i~ereof. -~o- ~ ~ 4 F• ~ir~hts and Immunities. except as herein otherwise caxi~src~s~iy provided, nothing herein c~xpressod or i,npl.ied is ini:enc3ed or :~ha71 .e c~onstrur~d to confer tr~~on or to give to any ~~erson, other than the '~ :wn and the Holders from time to time of the Notes and t_he coupons thereunto pertaining, any right, remedy or claim under. or by reason hereof of any covenant, condition or stipulation hc~r~~of. All the covenants, stipulations, promises and agreer;~ents herein contained by and on behalf of the Town shr311 be for the sole and exclusive benef-_t of the Town, and any holder of any of the No~.r~s acrd coupons. No recourse shall be had for the payment of the Debt Service Requirements of the notes or for any claim haled thereon or otherwise upon this Orc3inUnce authorizing their issuance or any other ordinance or. instrument pertaining thereto, aa~~inst any individual member, or any officer or other anent of th` Town, cast, present or fr~t~rre, either directly or indirectly through the Town, or otherwise, whether by virtue of any constitution, statute or rule of law, Char<<er provision or by the enforce7~ent of any penalty or. otherwise, all such liability, if any, be.i.ng by the acceptance of the Notes and as a part of the consideration of their issuance specially waived and released. G. Ratification. All action heretofore ta~un (not inconsistent with the provisions of this Ord~.,~ance} by the ',Down or its officers, and otherwise by the Town directed: (1) Project. Towar,, the Project, and (2) Notes. Toward the sale ~~nd delivery of the Notes for that purpose , be, and the same hereby is, ratified, approved and confirmed. H, Facsimile-5ignatures. Pursuant to the Onifarm Facsimile Signature of Public Officials Act, part 1 of article 55 of title ll, Colorado Revised Stat~~tes 19~i.3, a_s a~er~ded, Lhe I~9ayor and the 1'o~~n Clerk :hall forthwith , and in any event pr for to the time the dotes are delivered to the Purchaser thereof, file with the Colorado Secretary of State their manual signatures certified by them under oath, using a suitable Facsimile Signature Certificate for sand purpose , I. Ord inanco-Irrepealabie. This Ordinance is, and shall constif.rlte, a~ legislative measure of the Town ,-end afti.r any of the -51~- 4 t 4 Council member ~~~~-yl.}. ~.~ .~ i-., ~ .? = ~<'~~ ._r~_ti~=~ SE'c~c]nc3Cd the T:r]t20n, ,~l~d ~.!^,c? question being upon the p.:, ~,s~~ge and adapt ion of said Ordin~~nc~e, as ::n emE~rgency ordinance of the `sown, the roll w~~s called with tt~e following r.GSUlt: Council r~cmbers voting "Yes": ~~;~~yor : Ror~nc~y E. ;l i. f er Council ;~c~-~hcrs: Pt~ula Palmateer Sohn ~onov~~n Council me~nhers voting "I~o" '1'hom;as Steinberg Bill ~'ilto Scott F~opman Ron 'g'od d All members of the Cot:ncil present having voted in favor of the adoption of the Ordinance, the presiding officer therel~pan declared the Ordinance duly passed ar~d adopted as an emergency ordinance of the Town and directed that the Ordinance be published once in full in The Vail Trail, a legal newspaper of general c irr.ulat'.on within the Town of Vail , on or before April 25, .1980. Thereupon, after cans iderat:ion~of other ~usinc~ss to come before the Council, the meeting was adjourned. (TOWN) - (SEAL) ATTEST• Town Cler k Town of Vail, Colora~o ~~ ~~ .~ /; :•iayor / - Town of V 1, Co~.orado --53- f ~ ~ ~`I~A'~'F, OF COLORA3~0 ) COUNTY Ur' EAGLE ) :~:. . '~O1NN OF VAZL ) (Att~~ch Af i idav it of Publ icat zon of Or. d in~nce . ) ._~t~~ t ~ ~ Hates are issued, this Ordinance :~h~~.l]. constitute an irrevoc~~blo contract between the Town artd the holder or 1-rollers of t-he ?~a~.es; and this Ordinance, ~ubjnct to the provisions of Sections 7 ~3nd 8 hereof, if any Notes are in fact issued, shall be and shall remain irref~eal~~ble until the ?dotes, ~~s to all Debt Service Rn<~uirer~ents, shall be fully paid, ca!icelled ~3nd ~.3isch~-~rged, as herein provided. J. Fepealer. All reaolt~tions, bylaws, orders, Und other instrursetlts, or pari.s i.hereof, inconsistent }~erewith are hereby repealed to the extent only of ~~uch inconsistency. This repealer shal]. not be construed to revive any resolution, bylaws, order, or other instrurrEent, or Dart thereof, l~eret~~fore repealed. K. SevE~rabiiity. rf any section, subsection, paragraph, clause or other provision of this Ordin~~nce shall for ~.ny reason be held to be invalid or ~r;cnforceable, ttje invalidity or unen;=orceabil.ity thereof shall not affect any of the remaining sections, s~rbsections, paragraphs, clauses or provisions of this Ordinance. L. Emergency Ordinance. As determined in Section 2C hereof, an esn~ Ygency exists and this Ordinance is deemed necessary far the preservation of publzc property, health, welfare, peace and safety, therefore, this Ordinance shall take effect irrErrediately upon introduction and passage. INTRODUCED, PASSED, I~DOPTED, E2~TACTED, A1'P:~L~VED A1~D ORDERED PUBLISHED ONCE zN FULL TIiIS 15TH DAX OF APRIL, 1980. `l~OF~tt OF VAIL;-- OLOF2ADO / ~j ~ ~ r~ a-y o d j/ ' {TOWN ) (SEAL ) Attes ~ own"~k --52~- STATE OT; COLORADO } } COUNTY OF EAGLE ) ss. TOWN OF VAIL ) I, Collcon Kline, the 'd'own Clerk of the Town of Veil, I;ag1e County, Colorado, c:'of hereby certify th ,t the att~~c':~f~d copy of Ordin~~nce No. /7 , Series of 1980, rcgarc3.ing the i:.suanco and sale of Town of Vail, Colorado, Construction Iaoan Notes, Series May 1, 198p, in the aggregate principal a.,nount not exceeding $7, 000, 0a0, is a true and correct copy; that said Ordinance was passed and adapted by the Town Council as an emergency ordinance of the Town at a regular ° meeting thereof held at the Vail Municipal. Building, the meeting pl~;ce , of the Town Council in the Tawn, on Tuesday the 15th day of April, 1980; that true copies of said Ordnance have been duly executed and authenticated by the signatures of the Mayor of the Town of Vail and myself, as Town Clerk of said Town, sealed with the seal of the Town, numbered and recorded in the official records of the Town kept for that purpose in my office; that sand Ordinance was duly published as required by law, as evidenced by the affidavit of publication attacaed hereto at page 54. I further certify that the foregoing pages con:~titute a true and correct copy of the record of the proceedings of the Town Council at its meeting of April 15, 1980, insofar as said proceedings relate to ~~aid Oidinancer that said proceedings were duly had and taken; tlr.~t the meeting was duly held; and that the persons were present at said meeting as therein spawn. - ZN WITNTaSS WHERT-,OF, i havo he. •=unto set my hand and the seal of the Town of Vail, Colorado, thi s ~ /~ day of ~ ~=~1 ~ ~ - ~ , 198Q. /'~ (TOWN) Rio n Clerk (~EA~,) Town of Vail, Colorado -~)~- O O~ 7 X m f/ ~; ~rr ;? ;r r~ :~, ~: ~ ~ ~ ~ n ~ ~ Q.ao~7--na~~ - n cn c o ~ Q ~c ao oa~.~ n. 7 n 7 ro ~ -r' O 'C ~ CD ~ ~~ ~' (p z ~ ~ N ~ ~`C« ``" O ~C1a~00~Q0_ ~ ~ ~ ' C~ Q O ~^ ~~ ~ 4 ~~.~a-'nca~ ~ ~ (~ O ~ 4S1 7 Z7 ro ~ O ro i;,' p O v, T O Q ~ 3 lv .a ~. a ~ ~" Q Q ~ -~ cQ ~ O C1. N ~ ~ cD ~ (D x O~ Qro~Q~b ~ ~ O d ~ ~ ~ Q ~ (~D Q ~ ~-~ n~-~iQQO ~ ~ ~' ~ ~ fl ~ ~ ~. v C Q pcQ ~Q~ ~ 3~~.~ ~ a m ~ ° ~ 3 oromo?.rom~Q "..... ~ ~. a Q °~ o a~ro°~~ca~ H ~ m ~ ro ~ Qgo ~ ~-~-~ ~a o ~ c ~ ro ~ O ro opaaaroQO~~ ~ ~ ~ ~ ~ Q ~ ci Q ~ Q '~,e` ~a m a~ ~o o ~° ro Q a N~`°Q-~.~~~D T ~ ~ rn a_~~aroo~~r- Go ~ ° ~ Q m m mroro~~~N~~ r- ~ ro ~ Q ~ a~_QC~~o~ ~"~ D p -~ Na Sao 6m(D ~ ro ~_ a ~ ~ Q ~ ~ 3 ~."~' ~ n~ ~~Q Q 0 ~,.C ~ IU ro~ Q ~~D3.°~ Q m a ~ ~ ~ ~ a Q ~ ~ ~ 3m~°-Qa~~~ ~ rt Q ~ ~ ~ ? o ~ o~,ao~°~o= Q ,o a m ~ ~ ~ ~-~~mmo~o~ ~ m Q ~ 3 ~- ,r. Q (a O W C a (D ~ O v, a Q ~ c 0 ~ ~ ~_~ rt~ ~ Q ~ ~ (~ ~ ~ a ~ Q oo ~ ~ ~ ~ O_T7 a .~ .C ~~. • ;~..: d ~ t ere IT DaDAINED aY THE TOW NCOUNC}L aF THE TOWN aFVAIl, poLOgApp, TWkT: arCT{p{I i, ere FINITIDHa ANp D6N6TRUCTFON. A. aallnlli0na.lnlnk OrtllnanBa[Mfvllawinp Mms Mve IM lollowlnp rxpxllve meeninpf .. u Ion tM context herFat cbxly rBguVH! ptlyTwlsF. m eapHal Inoroeemanu ana own epee. ' Fplw~rne apaNal 1000 creatna end cpmnrnad - pyRaaplutipn nfO l.Se•badlps0. dtna Town M ea Oy IM Town Cwpc11 on Jinuvy a 19F0, tp wNCn IM $qBa Taa gevMpN Fla " TapprrovedhpbayY 1116 Glee on ollM Town phn September 1q, 191, wtlIllOalnlMglkce Ofine Cadapo Secrelxr a Beale pn seplambrit 15 1rT2 BmN A alek. or n0llonal C yJ - ln l o ~ , f ~al w l i pony winch a nmamber pl Iho M Fea.ral ovPpals mepmnce eo~ppomllPn antl or IM petlarM R.wrve $$yya{lam, whkh nF{e5appIIM andswplue of g1gp.B99,BBgg1 n1gm,Fna wflicn ', b Ipcnea wnNn ma uldlea sl.t«. (/) GOnatrvchpn fund' TM appclal }unB ~. WNStl Uy SBClipn rte h acct- principal 0 ~51 DOM Sorel BRpyui nla: ln me ~ n ny o} WW Bur In IP)meeiiOnwlN Ills redsmptian Or lIN NaIN d The Vail Tirol! - A Fif 25 1980 p 31 ., age. l6I FaBFre SeCUnlb{' BIIN cetliflC0t 1 aw,rlua.a~wi...am~nigr.rn..apvnaw..ne Inaaiaominanu Na v. aanvwpNxnenga Iacono mlM nu.unetl. raginxeperncta{al . , N O Irldstllfafjew, nptu,bonNdamllxucual'ka OpFI{d lobar Fppprtalning to Prdecl, The w t n +r n I ' tl M lk li f l! amangmMlF anerepl, ale Tarn, piny panBpanpMltlOn TUeaaaY.lhe whlcp va Hiracl bhupllioM d,BrlM pr{ryCl y r N) a s i cu e l Ca e an o a Or y pen d the araae P•Blecl kw¢nue1 [~25y Salty TaxRwenuN: The One-hall OllM r rec I ls cell Sl e h I Zglh tlayd Nwem0er, 19T9, Inacnartlencew;ln law ono ra am v e n u ~ anP InesfNl of Meh rrbl,aenGBa Un000tld10 FuY pHFIFRI00d lay ere anl?b . tel Any CPnta p vuetY {BrvrCee Wmlahed la 1M Pr ecl b Ike Town r dk rw p p ,f rem rN B by I B Tewn 191 alle{ TaN avlnanxetl by Drtlinance No. t t, pu u p pp. lMre was 0 ve aUbmiIIOC t0 Ina v eclwa a1 [ha Towrt Na , alaleF pl AmerlGS. 111 novel Yur: Tqe IweMS lady tM g y p O eB- 'ope+al,on Ntl A9ainlenwce Evpenaei 4 A $etlal pl 197J, pt Ina Tawn. ere emBnded tlb+datl l0 ana speclrrully oarmerkeB by eaitl IPllowinp nuenliom Shall the Town 01 VBiI Colorado M [OmmMPlnq pnlM lirll plY OlJnuWWdenY Bona trot mc r e: B1 AnY nnpwanoe }err BeDre51a11Pn; arBinance No. t l br Ma purpose of real esmle ac uisilion and lOr 1n0 e ifili0 . , Buthpra00 10 Bsuv ,b negd'mble, interest pr D c°nmyiwt of ; ntl,np On lM lnnly~lnel tlay uSh CeEe tlB IIiJ Any cpata O1 rBCpne!•uctle n. na cqu n, uucl,on antl BgmPping of Wlltlmga ertd been gallon e nesna Ipbli bones ,n OrB ae•rea n r year or av5n Inx IwMva realm th perbtl N ma It lmp manta. ealena'mnna bellermenh; 1 A 1eCiklies cllMry nova p+mor 9gm9810 prmCrpelemounl rrotlo eNpeae tY pop ppp G 1 M y em lima ep um06nOwrpnaletlby the TpwnGgunc,l 11 11 ny eccumuletipnW reserves Ipr Caplla rapla5em0nm' 1261 Town: ¢ Town d Van. CBlorepo IT+1 Tawn Clm F: ThetlB iurBprtlltdclp Tarn , , p ao mu l Mre N ma^ Mneceasxy. I 'he n }tlelraymp,, rP o m n Fladl Year pl lip Tawn let alaFP Proie5lRwenUee'IUAplnrome ll 11r] M1BY r0e0rces for opxallon. malntananee. Clerk of the Town W n,e err her euccaasor I^ ~r t B c Oit w1,01! o p wquirlnq, conePUmin0 4npa11rn an n edtl r u . Fv., Irem oleo, Pena, Iplla roaiFll Fna chxpN Or repair pllM Prol t Ivl An elbwan5e Ipr IM r,aaamplipn d IM lunctwna nano - p , g a g q , ew pubha parking l0cilil^ within antl lwsartl Tpwn, Y.pomplMPPk IMreol tar IM nerri5la p rININ f t Notes p me payment d any Iniernl tharepn: tZpl Tawn Cpunen_ TryB Town CovncN dtM Tpwn r eagelnar w 9, ail casaxy Inc,eenipl evp p AN vr01111atl WW wrlh pr Ilpm iM uM pl h YP'gpaml; antl Imy aN'inwme or a5her gQ!~ II an i l Ivi} Any BBbilibae IncunOtl In iM xquisillon r ,mprwamanl of any IXepenkBa COmO•i5ng I C Bny kuCCesaor In luncllpns Iherelp- w a~ Coeal~r ^ e%t o This orpinancB. i epl ct er l ppurlenan! pr0DBr110a, BIIUCIUra. IanEiLes, lqu~pm0nl ova opals, au h bontla to beer y w1mfM e Droll PrOkcl RWenpw. M1n P,OlaSt pr any cpmb,nnhpn lherea}'. f y Hr furl An pln0r Ountl 9l legal ltEblllty not Y p , p ioabpn hmaM nerwlsa repurr0a, Snell he conalrueB w 1d m1erNS atamealmum ne101}BGlive inmrastrate not eaceetling 1B percent per annum, aM l0 j911Atyer:TM tln lure ardB lFClo Meyprd T IM w Br hkM net svcCeNa mfunctwru IM l bases Pn contract. 115) olainanCa' fire ortllnance Ne 1/. lpwB' Ili WOrtls intPPe einguter r,umberlncluaelhe l l r Iilalu•e 90ria11 Bunn Y gaperiaAd not mutation JDyean lrom[hetlalearrespenrvaAamapl lne re p lt9} Nel Pr lNl Reranuw: AH pros P t Se•iwd1980. a}1M TOwll. winch provirlea fur pa ura , enp wrr tle in Iho plural Include the In user Dontls. such bonds lp ba payaele lrOm general atl valorem lases BBC l Mr ry M { H m rojec Revenuae m fn9y FNeI She rlvtluekon f lt6 tM lanuance antl tlellverY of IM nerlN May 1, Sg80 NOSes.' . (Zy WOraa In Iho maaculln0'p BnaOr indutle a , S vga y BvepablU tnereler, and ouch bomb to be sold pperaiipn Fnp lnlNann Eipanna- a D91 OOIetOnaing or oublantlin '. wean uaetl a the leminina antl the BBNac na when IM i i ens tea,retl mOne time or lrom lima lp tlmp, in l tl Nalea w sane{ May 1, 5pgp NOtef. Tha 9a1B ll ktl n N ~ urlh ralarenee l0 Ina NBEea any dhx 0e ere sp ne cal0g woraa O11M neuter gentler rater l on ntl r such manner enp Bmpynte Intl con auto e au erapnl l ana rlfialpneletlulM Town B}-4a H, DOlarttlp, epnalwerypn Loan tlesi ad ON gnat ganona d In0 Town ens na of n poliicvlar qa[0. 041 IM NBlea or any such y gs , o e 13i Arllcles, ea5lipna, Bubaa C[iona, te•m9 MdcoM,uana aatM Towrt Council me later Wlermine, rnclutlin I y g provieipna pr the ga1N. EHNN May 1, 19Bq; ~ tlatep Msy f, I9ap, outer aWlgalipns In any m er Mralofpra ~ Paragrepha enp subpflragraphe menhonetl by p mbel l tt retlamptipn pl ppnps p,i0r [0 maturity upon ana~a gateptlntipFlFmOVnllbltoexceBtl r /,gee,pp0 IItI NOie FOnB'Th l t l antl lMreupon Mkn9 Necu Bd and tlBnvBrea. ea P1tM follpwlnpp ( u . e er. ordMrwise, cprreapontl lp tnB mpeclbe atl,cles, eec119na. lubOeCiions, PxagrePha enp subOxa re h f Ihi a0ymenldapremium not eaceetling Apemenl IIM Principal lhereplp" eapsc untl4realAd by a ~CHOn SC herepl. w al Any NOlBOrgtha, Oll;lgetroncancelletlby gO p a o a prgiBehCO fo rwmbered r ptherwive an As evitlvncvBbylhacdnvens drhareturna Bl c ltJl OW aIWO d abll elipnr w'nan V5M rA 9 [M TmAn, IMPeYinp Agent, prptnerwiaBOn W rM Tpr. n'g bBnaI1 01 Ml n B l BNigneled. tM November 2d tpT901eG1i0n. move tnana vll lea ~ w . or orv ove a n; y ner Oblipallon Mttl byOr pn l l [A] Tn0 IRIa3 antl heetllinsa apPliBtl la nl rrly of the eleclora d the Town valing on f m p0 tl. npb M laa ordM~InslrumruY, ba~a lAOl he Tpwn~ n4cles, aecliana antl BUgsOChOns r thle IasU n l9uCn PB kin VFa c1~InGenO r l v wnalOYer fdm Or kcal 61ure, IPCIVOryp IlirWl llmlletion elaer l dl lay Any Npla of ocher oblEppetipn ellha Tawn ' Orningn CB arB ,nserted poly ea a matter Oi lance enp ease in relerenu ene in A e n B Obbgallon aontls.' e B galfpn borrda, i0 and abort :term n01es OF lha Torun laalptl qT id the pnymanl a 1he redompfipn 91 whiCp n0 way tlel4ne, or limp InB aCBpe or Intent pl any g, Market Cpnp;tipne', quinprr TO fswe a , 1 hletlinlppylnr TOwn.el anyalnerpy,aelx'a al InB Ftl r moneys ql FBtlxe15BCUnhea aUlncrent to meal ellollM Vaymenl requlremenbollM PnnGlpal . -rOVbip Ba of [hie Cramence. Na10! NBCl59ily, Due to Iho genm l cpntlillon f the ion--term municipal born marxBt InB rancemanl O mono p Ina Town IaI he purehaN~tleuvery NwB OrlM USa of real _ d' IM lntxacl On. antl any p.,o, ratlemplion SECTION 1 AECITALe, ADTHORITY; , Tnwn fa cutrgnlly dble 101a9ve ana sett , Nppetly Oy lire Tpwn rot whlep tM Town Ma uwd{etl triowmenarln.. n"a,aarr..".,a,..,. premlymF due In COnnBCilan wlM SUCK NOIe or plryer abkgation to me ante of maluringorany FINDINGS. A, November 2B. tBiB. Efecllon. Alaepeeial bog-farm Parking Factldy General Obligelion Bpntlsalamaximumnel ellacurB iniBrpgt rdl0 ~Y aycn a In aBy pear, ,teppe,lpa In NGOw ormkust wnh aiN01 panty for IMI PurPOae. ere Prwitletl in and Ivn~erllE requvatl by Bec11On 7 Mrecl', ana Idl A Iml, aPPOrx,kY pesho ea, o eNC1U0B pleorln a wron tun leten note or other obH non pi Y ,o ~ n lava ' w e me nln uw of pr;n wwawtmn rwn 5n inolMr n01n nr olhnr OMIpaYan 9Rell nave n ICn la wee u u vNeSwep enp pallahed vpm and Ip m'Ia Olp~eence. IITI Puking Faciliry aenaral Ohll Blbn penwa- ~o N Donna pr c.neraoeageuan ew.aa: ma~ naa abmon:eB by tM alempra or me Tawn io M B n Reip v uetl pursuant tOaapecielelectipn neltl in tom Town on November 2p, 1919 as 9B1 Forth In 9 a AneOM &5xpn 2A neropr. 1181 Parkin FacHll Revenue 9ontls pr crow el smiled i Revenue Bong Tne venue ponpa BI Ina Tpwn lpr inB Dre}BOI- Wltnpul 't Bl Payying Agenl:Cenlml aankat Danver,in . i Gila penrer. COlOratla whkh is Ina agxlt e! IM Town Ipr the py mBnt pl [M Natae. p m lne Ih: aliaboneC1 a~nampnrigao;.acanab publm' sVN P,Inmlln4 nlsma~a d~ ~usmenlweapme Pplal nrCOn11~K1uaI IMng IOIM Fhojetl; Nplga Br015a UBd.endbpall al831ei COrl,piali0n nu pe col, prglewlpnai OalM pubnc perking laclllry,IM Operation nntl • a of aaitl lacilily for pubhc parking purpeaes. ue;21y wrpnawr acepchar ana Company. in ' tlenver CplareBO ene na eaaoaarea I any, Health Dept Seeks Nurses 122, iieamve Fang Tne epeca4land mealetl pr saumn 5o narBpr • ~ 5920000 serve Funtl Negrervmenl Tne sumcl I l2AI Sales Tmv Tne ealee lav Bblaplishap by The Colorado Department of school program with Title 1 aa°^a^a~pPaam:'iw:ui%ynaolel:oe:~:i ' ~ Hleallh nceda.nursea, Out not for federal-fiends, y prpp~ri nrdaHandlM mmlaniogmeerviS.A ~.;ps ,; .high payingjobs In nice offlcea Tho Tlae t nurasa to tae hired awmin tX. rpwrymxrurpxcaguy..a Ntronn k' ~ ~.-, with extensive benefits arld lan{{• by the 'Health DeyaL°hnant will r~ ~ g ~' ~-tam cancer passlhllltlea. each coordinate a health team `' ;~. • ~ No. The lobs are short-term including a nutrltionlat, R dental ttwo and a half to Eour months), . hygleniat and a medical, dental, the wages are low ttaUD W 591)0 a nursing and child health monthY and the benefits cannot associate student. ' be described in terms of Bach school has doe health _ insurance packagca and vaeatlon team which trios to work in as - days. ~ ~ much hpalih care as possible in ThR jobs, do, however, offer the short lime the children are in - - ovfslanding persona! and the school. The niirae rTit-st professional experiences -in coordinate the health program ' interesting settings around the . closely with the migrant school stale, for nurses Intareated in director, principal and outreach ~ :. improving the health care. d workers, The outreach workers migrant chltdren end adults. visit the migrant families end -^+*.3a+ The nurses should be sign up rho children for the day ` 1' "Y' ngiatered in Colorado, have cars taro, Hoadstart.programs or the and be willing W relocate In one summer school depending on of N sites including tho eastorn their ages. L ' plains o! Colorado, the San leula t - Valley, the Arkansas Valley and At the beglnntng of the school ri { `the Fort latiplon•Greeley area. term, the health workers make E Public health experience and up a schedule to provide the kknds i knowledge of Spanish are affellow•upcare~indicatedbyBle preferred. screening, taking the children to - -- 3 About 25 nurses err nurse dentleta, apfometrlsts or T ' (practitioners wilt be. hired.by phyaiciatls, acedrding io their d -£ May 1 as part of the Migrattl needs, . : b ' Health Program whleb will start The nurses are also responsible - aroundJUnel,attwrdingtoChrle !or adult hearth care. and hold Is ~? Herrera, nurse consultant to the special clinics for the farm fa program at the Colorado workers at night and sometimes t - Department of Health and on weekends, when the parents f general nursing consultant for are in from thD Flelda. p six counties In west ceMea[ Colorado. An prlentatlon far the M - Each summer the Oelaratb appraxintetely Ht9 people who Department o! Education will be Involved in the Migrant vi ' provides achtiols car. [be migrant Hea]U1 Program will he hold fu children, and confraete wllh the rlune4~6[nDenv~•, onfheculfura Migrant Health Section at Ehe endlifeatyieaithltmigtanllatwr C - Health 1]epartrnent to prpvlde force as weB as en overview of w the health gaCtion of the summer the program. R - ,w 0 - MANOR- YAZL S'T[r~IO fi Assumable 1296 Loan n -- lopp tloor. comer. k4 fl. high winnows ana tut) ]7alcogly g ' ~cingald slopes. (Bldg. E, 83701). SpDdous 9vinp space. dlvldes IMo two areas, slgeps 7. Condoamenitlea Include c ownershlp.ln 2po ols. lacwxi, sauna.~and i.ord Gore s ' reslwrcant. Nekl to.8 u6s and 9 tennis coons ExcellenE rental history. 417$.606. T $y Owtter -Can 13e Sttovrrl 1teiCheirt ~14•$13.61C1 gOftfce) Z14-~A7•~74E fHOm~) . SHE PRINTERY AT VAIL, LTD 1. `'{{;;:, Providing I.. the Vail area i:~aity printing `' 1;~ since 1972 ..~ _. __ .~ a~ndstone & a~,. ntage Rd. r,J;t t:.° ...- . 4'76-2248 uxurioue Eagle-Pall Fairway Townhome-This beautiful brae bedroom, three and one-halt bash Townhome is located ght on the 14th fairway on Fhe Fagfe-Vail Golf Course. xcaptional features include two fireplaces, vaulted ceil- ngs, oak cabinets throughout, redwood decks end siding. ..............................:............. $215,000 he Biggest and Ehe Best! -This exquisite Fall ridge Unit 218~has the largest and most desirable two bedroom, two 8th f loot plan in the tom piex, l , 231 sq. Ft. Owner financing availatple as follows:25%down, l0'/aryo interesF per annum rat year, 12Ya% per annum second and third years ana '. brae year Insiatlment land Contract, 1% loan origination ea, interest only payments For 36 months, no prepayment ~ ii enetty. Just back on the market ...... .. $215,UE10 ore for Your Money -Nagle-Vail duplex - th tee bedroom, two baths, fireplace and garage. This unit has a breathtaking ew to the south with lots of sun and is being sold partially rnished . .................................. $169,500 hate! >f Rental Income-Both units iq a Weat Vail duplex ith unobstructed views, 113 acre on sunny side of hill. e4ently remodeled to include balconies, sky lights, bay indows, new carpet and beautiful all rtew kitchens with ak cabinets. Two bedrooms, one bath per unit. Two brick replaces plus basement . ..... . ............. $220,flOD ton Center at Seaver Creek -Call today to gel in on the round fluor in this exciting new area. An exceptional con- ept inthe mitltlle of all lhaE's happening. You won't have to ay "shaulda. coutde, woulda" again! hale propardaa comprles only pert of ourNFHnaa. PVeaaecontact ur olflce for all your reel eaiete awda. ta.tron "vex eoertl or Realtors" saw "eau alumpFe Laetlnp Seaeloa" Public No#ice aR01NANCa Na, 1F arMF atf fIW Featured Listings: 32 T><~ vprr ~~t 2~, t9i9a ~r'~r~~~ BYR~N DI, BROHfN REAL ESTATE 476-2211 Skiing, Tennis, Gal! .Swimming Literally At Your Front Daor! 7hls four floor townhouse has Qutstanding views, 5 full bedrooms, 5h baths, private elevator, garage; finlehed attic, a tuft, and much, much mare,,. The consrructlon end Finiah.work In this unit are the finest dvailable..r....$660,000 u ~D~~nse~Qbf a kind, LLiJtl \rai ~~ once ire a lifetime financing opportiuiity.,. Just t3ve minutes west of VafE's gondola, facing Gone Creek, these exceptlona] units are now offered with a ual opportuntty for flnarl- ctrlg tooth .Foreign and domestic t7U~RB. • 1,734 s care feet of gracious 1Evl space, Alas a private, attached and heated one car garage. • Three bedrooms, taro and one-half baths intrude a master bedroom ' suite with Its own sauna. • Show unit availalike for your inapectlon. • Large firepplace, • 2 private bslcnnlcs. • Reamed, vaulted cetlinge. • Financing avatleble. Afar tr2Jor--tatlon on tht9 open titttrsg please mnfaet the real estate agent of dour choice. spruce Creek . , 388lVatl. Colorado 81657 78~21(H3 or 926-3963 when N au IRan a wool It tp wreem awr ~n ea t pr n Papn+ ql 9eneml mreuln'on w` Ne O'amence. ' anbum, as aNlWrlratl by Ina eladma plnavMl In t N l b bm m IYprF, w York, an m lwapaper of Bona's cncurnnan err rxn.nr Cplwaeo tn Ifil form M &a'er Notes and COUpbru. rpn o a ec ncn $ep~onyF nprnoa. Ina[dpldann wile ArtiGe kl(. Section BO}1M . . ar, Oubhcahons tieing npl re991hen lmnY [aftlgdYS' na I In sutilect to tM Prwbiana pl ems armrunoe, a to bearer Nqa Bntl the opuppna tp Gb . C'IOratle Mme Gdwado Canltil~ eu n e tl a 'y pn dale nppC'hbtl m both P notrce andb tlli l allaCROd Iner,Np, anal) be in lubalennany RlB rule town entlm Powpra asa an f homaruhcnerler ldwn,IM town is aulhOliaed n . un pnroPY O BVChnpliteby cedlliatl pr reg,ltprep eel class. ppatage lallawing rprm. wnhsvch omieaiona, mepdwna, enpo,aemenra. antl veria}ipni yS to recnnla of to eaue antl ours lhp Netea and pledge the Nel P Prepaie mail. el leeet tnirly Ianl data Prior tOtrye 'eQBmplipn dale to Ina holtle l tact ar other prm,aipna da may pa requiree P% rotect Ravenuw is lee peVmnnl pl tnprnluea[ n Ina Npte n n . m p late of [Re Notes bein rptlpematl rl the names en the cucunN.ran[4a end ss may M requrretl w f 9 I p M1 proceeds 1 the Paz4ng F9clilty GenOral OOlipalron LOMB p 0 . d a0tlrpe9as I R holtlen are rpgi9l0retl or ' pe•melad o mra Grdinanpe, end as moy Oe n ass y aPPrOpriste to conlprm I Inn m0 Park{ng fe Irly Rerenyp $OnOB upon rewrded M IM Peymp agent. For the ur pa. Ih l rules end rpquiremenle al any pwprnnrentel swarrca. ale andeBLVerydsad bonds tome l o p , p pltl0r of enyd.arer NOle may ai n bma furnish nu rums antl gumpnlywlo ercy VSagepr rppmrpmanld kw pey'~am a lea ppnnclpai al and imuaat on Ina Npln Tne Tawn Cauncll Popa hereby V y aoaresa tp Ina nrtmg Ag enl $ucn nm,ce snarl spool fy the w,m reaped anerpla: bela+mine that it is npCeasery end In Ina heel r a veer p numhera vl me Holes pen IFwmpt Npml eal9 ps Inp Tewn nntl the inMbnana/ rcvree,aae anp Ina Crle trxetl Ior redempt'pn. tl l VNITEO STATE$ OF AMELIG IRNebllnel lee l9olae in spring,polampunS not n ma l ludher biota tndl pn lM retlampllon late lnor0 II b ~ STATE OF COLORA[rp aaceeeenga SV,~n.01e aoriaronnaaol dtnin 1 c u~~ w ecame and will be pun sap pevaplp upon each NOleeom en.vdevmetl lea [AUNTY OF EAGLE . 7 r e~M, rn war m finance me wal d Iba rNlacl. to pledge Ip Ina peYmenl 1 the a mtipal amount marePl plwanypremiumaua tlaccruep rplweal on said principal dmpuni TowN of vA¢ ' CON$TRVCTIDN LOAN kOTE a+ pipet pl antl'nleleal on lee NOles rho Ml eotla el Ina Parking Vaciuty General Ip tae redampbpn dete.inn lneihomend Aker ch tlale intareai will a to accrue. Any ~ SERIE$1980 Np S ]bligalion Lpntlt pr Ina Parkrng Fecirily ievanuO ROHCS,, and wnen'aweb. sold antl Notgi rptle0med poor to Ihair matvniy py call igr prw rptlemptipnd ptlrerw,9e anal) not be TheTOwnclyall. seine GUUnlydEagl , and lelnmea by Inv Tawn. and la g0'rgn Ip the ray n dl the inlBrb9t pn the Nvlea Ihn Net r ued ntl ahal np Canttlled She name ea Naf es Pe'd Bl Or oiler maluritV, Po n A o Stale 1 Coloraop Ilne Towel. for ,aloe retewen. ne•eby mpmrses Ip ppy Ip Ina boa ter he'eal a l l l qq gl Rayenuas andlpcovermntantlegreply rathanpa matured. but unpef0. NOies-la! Yr o uenl Tna Ovbt $errmu Reprnrertlnnla of inn Npirs shall be payybre ~" p . y o e Inns ,If ntls proviaee IRarelw, as nereinaner wllprih,antna tat tley 'rkinq fAC,hly Rayenue6entla inaccortlanea xllh $ BC Mw}ul mpnaY Or lee llnrled Sletea pl Amerlta wvlnvul tladuclkan for av h n ' at May, t9gy, leapp pal sum al THOU9AN0 DO pCl'On harapl. G Emergen[y Ortlinenen. In nceprtlbnev t d gg c Iledion h rgea er ^nni'pl bank of Denver, Oenvea ' LLARS a fp pay solely from aaip S ecial tondo rtm Section a to at Ina Cnarler, me Town mioredo, w ch a Hereby des,gnal.a the pe m A am f r tri N p ~~wpst merwn a ewtlcwcea W interest once rorebr turtle .na determwab as dl0wa: y ~ ~ o o Otea. Ial x 1'mn antl Cetiye Th N t M b ou pour nareaq alracnea, at lea rata pl Apr SIl Thal Ihere Is a Haan td oonahucl Ina 'rgYa'n alp pB Cpmpleietl in lima for use lpr urn ry. e o es e ba esecutntl rn Iha name antl on ben011 pl hse Ypwn with the laCaimilealgneturBOl ine Mayor. t ten ( bl per annum from Mdy t, 1980, to Mey M1i 1B~2u except if r~rrpemed pYwrtherer0. napapn^ppwn weekenb tlu[ang Ina aYl b0a9pn d • e the ono wnaFBnd 01 January. y'pa ine Ineulaceeme0 r9'pnature of fee Meona Var. 1980, on w0ry Silbrday, at Sundays antl pcaupana snail be numbarptl can5ecubvery P l Homo wNt tlayS. 140 Id alp cars nevO OBen IlegenY Parking along In0 gpwnb hi hwey omona l i tolp„lal When rsauetlesaloresaid ea pan nl ine Mater Holes, Ina tpuppnpenaube e }ronlage rpaq.4np/Ing kdangproue petl shim Ina lawlvl bintling Promraea and obligylmM pr and reh,clp congealetl wndrtitn upon eh¢anly trmalee pti Mrc ntghwaV Ina Tawn according to then import, sacurinp Ina payment of InlOrpat 05 n becomes tlue. IRI Tnal pu0 tp wcatnw contlillons the Tawn' ABe Ryery limned coR9lrupripn bpa9Pn bntl In Snpuld any dtliper whore manual a hcamu¢ argnelure dPpeAas on lHe Natea prany,mp(MI ardor to<omplelethe ProlOClb lhB }g8p-BI SFI p°ulw~s Ilacnntl Inarefp cease Ip be au[n e Ina Teyn vat the epna~~ellgrt pl Iha Profeel in April, 1990. fhcer before tleliyery pl I a Nolen to the Percna90r, wch manual or taesimile sigrptwe I$) Thal the Tawn hasemazpd into ppnlmRS Iw Ina PralECl Ogder ~whlch Canlracta shall nererlhelesa by valid nntl sulhcrent }well purppsea . bupalaplial soma of o y em praann0y W ebb pr tlue to b0 paid wltnln nna H9at tnirly a~ e Tne Mayor and me 7pwn CrerF aze nereby I a n IM Taal the Ypwn need/ m issue son and e amnotl:ed ono niradea m prepare nna I a c , tlptlN9r the Nolas la ine PuahaaB+as won ea e e um rep Holes n necprdence wim tea rwviremenle of lnia premenCO antl puraaanl to Voekible m order ip pay Ihn amounts payable tl R ine nolp ppu enaae grwmanl autnarlSep py n ar bxC ppniraClS pnd m order loardtl anV tlBlpya In Iho achatlula of epnsIIettlpn pl IM Section 8a herwl, VYnen Ehe Noteh nbva been tluly eaeculatl a~0 salb.iha alfitera OrlRe Tawn Proles toward Ile ens lost ine aangeraus arespmonznd lo. ant anon. pelwertne Nalearo prtdewra neacribw above may be elimrrutatl Ina Pvrenaser w ,eceml a Ina agraetl during ine 1990-9l ski agasnnenq ine pllixene I yell may receiv0lhe bpnpln Mtha mcrNaad purcnase price 19) Negotiable Inabumenls. Tills IO bey Publm healln, bal0lx a tl c nvenrente rte h bearer Nale shell peso nyeelivery merel , asa p uPpd by t e Pro~ecl al lea enrlieal lmaaiya burs. ~ iSi ~n'e~eeo ri ennion p1 n~ n ar n i ~ egollable mmrumenl payable to erpr $ublett ap In! plwlsiona expressly mace er rein, the bearer Holes m Io „ n n l p e9r n s j y ' stall be fullY nagO bl y antl shall Wa ai all thg IMOUgh Iaf ql Ihii SBCbpn 7C. an emar aFlEle and lhN Ordinance is deemed neceaanry ' i mpamne pi awgatiabla paper Arn the a °a r a1irn¢parpoaEgg t,nyaalmCn l Iw the prea6mal gn of pVRlln Prppeny, Hea111Y n r O O cunlig: n w Ilue, pence anp eAlply, M arse eel Iprlh m Saclien fK Hereof. In article 8 bl litlp a, Gpiaradp Reviaetl Smlutes gib. as amenaptl. 1Re unimrm Cpm Blprcial Bnf~ranay Ortllnanco Shall lake clleCl Cptle-Inveslmenl $acurll,ea; pntleacn hPltler im y„pun ~h mhutlr,clmnantl peasapa Pr Hmders of me bearer nptea.bv accepting the camp, anon be ewicmnivelyy ai:emep to have grwd mat the bearer Npa09. ex pl o ' merwrae prwigea. a and anon ee wily m negonaba rthn urn ning anp }pr an wale aiamie imutrgem aniurwaa wrsua,d tP 'fb) Ina , PaetraYad a Taken nbrea.ar qty Outslantliag Nple aheh become for array tlaeumrya. or wrodgtunywkan, ii ttPOy b0 fel6aued irythe Imm god IBnw of ine Iml. tleslrbVat pr u pn seam uAp the pwnpr i mrmaning, +p Me etiamtamn ne T w loaau orlltlasir~cllgn~~cl B s~r'any Good Pee wll ce nna amp nt of the axuntiea in quesuom in Ciu ning y un mat urea ppuppna appertalning Ihermo enq [d aymenl d the []9 RPpPah MnNpletlEach ~Ia anew rwlmaln balance shat the Nole IS Wyd01e edely tram the net prpceBCb or Ina Parkng Facilay Geneal pbliggr'tln Lpntla o ine ParXing F9Cnity ve~up Lpntla, r1 nntl when lasuap, 6dtl antl e e livered, ens with one MM Prgecl Reyenuea Bain letl ee w l y p g cep as o0,erwne prwitletl In Inp Orp,napw adely to say interest a" me Np10. Mal meluretl, but unpelp. NOIBS will be kcnangetl by top Tuwn rot Perking Facinty ,. ReyenuB epntla m acCardenCnwithlhe rprriw Pt [nit O,tl~nance as Innsde recourse against the Town for the non-payment Or Ise principal nw e Q ~InmN O wie a ln ie~ ne r ro ~ w l o C ii r O e I I o w{mm me meaning Many consritraiorel, charier e. slewmw hmnauona. manna Nmn,a SLCTON e. THE NOTE& npl yayaNe in hole Pr In pgrt Irom the p raceadidggerraral PrdPerty [aveawproceetla A Aptsml1S91ipn Thv TOwnpl Vail, Calpred0. p 1 the Salo, Fen and met the full taste aneglad~S Conabucllontoen NOtes,$erln May t,t9ea.in p}lnp Tawn le not pletlgetl to pay inn pnnnpel 97L0grWepOeta principal amount not extaatllnp eOwl l } or interest an wch Nqip. EBCh Note aRa11 eW n reclO r i n Ra Wremw ely aul pf1M n010 pCpcda d iM Perkingg Facility Geneaal Obllpparlon Lynda Pr IM Parislne Facility Pevemre 8ontla. wean vrily A tt t n M% $ncnpn $ pl ltw Cdpredo ConatnUNpn, Inn CRBrtO! antl IRis .ntl a z and Kiev a. rat emavnl. ^reGmptior. anon be wen br rayq t .n Ina nemepl t9m ~ar , ey ot. wy cR notice n Ifeal one fat t,me R Tne MGenvw PwN WbuRerNw Imatlo, N IMn m bVainea9 anp nna, it npi. Ilalp m e pnancin aevaaot r Yio,renme,~'rl oey eacny a"a ine brill year ptln ~resenlallpn antl aVrrentler of In'N Nate one aitl cpuppn6 a9 Choy severally becOmO due. II upon preavnmhon at malunly pdymenl d IRIS Townlh entr,pt enchan9etl nl fn`ao NOlp sat llN. Park,nq Feclbly Levenue Land a, Lane6 11he Exchengetl ReyenVO Lentlsl as pravitle0 Herein, mfereat M1all continue al Ina m , presl e gC9'9naletl herein vniil the printlpel hereol t i s Ireid'n lull m until the TBwnaa BBCHangea ila itl Ekthan g00 Favenue Bond pr Rpnaa Iw this Npa_ any premium n co ~p d r n due n o n e w n v lh the redem e ~ l a Nola pep Vetrt Servme Reguir m ent91 av hl~irt I ABm } n c i l c l s e p nhpul tletlu lm n e x nang e w Impl,pn csarpea, ul fine pcisl fun6 a n ° x eremmlar cep;ned o . bw not Ihvrwise, 1 eemml Rank of Drover: in oemer. cmoraaa aacnu' °P°" wesenralwn nil son noe o9 e a e nna anatniskata as IhaY ereny beppm0 tlu eeTma NOlebnd the Nolesaf the aerip5 pl wnicR min is one ere redaemaple al tea Pptian ar Ina Town CopnC~l pn May 1. 1981, by lot, eta Pripe r~eneemetlnplualacciuetl Inipre9tltherwn Iothe retlemption pale. plus a premium Ot pep per centufi 1141) 01 auto principal amount, Redemption shell be mope upon turf less that Ihirry Itla} tldyB' prior rrallce b y pus{station as ~ a aupn nol,cp W legal one (al ti pin The Bond Buyer publiahetl in New rprF. NOw York andin ' The Denver pool pvbbshetl n Cpnver. r ' Cmmwe, lI roan in pusinns ane qubl'shing. antl it not, loan !n a bnanmal y ern 1 or s VQ of ggnerdl nrculallPn in New Ypn, e N w w,t,daupna`i~n lowar~,racp°o~aaa ps~cn i pmrmanon being not less man treny fag? Jaya p ndpr Ip the renematmn date specifies m Sucn micp,antl by sending acppymbwhnptlce by I Cerblletl rwislerM hr91-clans. postage / prepeitl mail, at Ieasa rh{nY IY11 tlays prbr spine mPtip„a ale. ro we npmara el Hate iv I s oa.a bN ov repeal sae :I one name ee ectlormaa ne ucn ,a ., regia oreri w °"• IM Pa g R Yrng A api this purppaB. In0 holder of any nearer Note may al env nme mrman his name antl adareaa to me PamiRerAOranumopn "anise adio~Iea~9ortp toe .e e tleemeo- and me pat r~kne tar reaemptrpn, antl anill further atflta iryt pn urn rMamplion pall Share will OpCOme anp oral be tlue pnd payable upon wch NOia plu3 ~a redpamea fie prmc'palamaunt theraol yFr¢miumdue is ine euernpiion aai ~a~eineii`orpen asa sue; auto dal ai p Sevres Isauntl in Iha nP Caurte.il meant al3 py v. rot chi pr snt• Town 1 vi, p urppae vi aroY,tlmg tunas to I~nanpw prhllc~n Mini-Iecilil oat t na Tawn. mgmhe wen en r'ewssary a{ antl appurlenanl properties, a_ fecillt,p5 antl equipment, antl ale ~, i,Jpntal thereto, In annc,pabun al the e me net vraceeda of aerMin gg arm n bonca wrlapr,aad to M laauetl bytn0 pl Ira town at nn .Iachpn halo t0. t9S9. epr solo pprpase Imo Dbligeti0n BOntlsl yr In anlitipatipn el r0onds (the Issued Rprenpe Rdn~eaj a dl ma canary obbgmron Ltnea w IeyecearsLlvoteaana limos eaa,_'n Wmfltln INVESTMENT PROPERTY Foe sa~E~ EXCHANGE 8Y OWNER Vajl, C'.nlnrnri?; Landmark Townhouse. 7 bedroom. 1 txtth, wall to wall carpet, velvet draperies, foal wall paper, private saunp, fire place. end unit, famished. sleeps 4. walk to gondola, private underground parking, excellent rental history. 5145.OaD.pO. tyar~ta-uQl~ C`ptarnr~¢: 19th Folrwoy condomi- nium. 3bedroom, 3 bath, 2 fire pkaces, bft, sleeps 75, wall to wall carpet. draperies, levolOrs. minored walls. IOCated at entrance to Beaver Creek on Eagle-Vail Golf Course. S225.OOD.OD. Eagle-Vail C~laroda 2 golf course duplex {ors o. 44 ant! No. 45. on 90th green. Available f0f spring building. S20p,f)00.00. CONTACT 7ERRf AT: (714j838-6114 9 a.m.-3 p.m. PST . 13372 Newport Avenue Suite A Tustin, California 92680 l • • • The Vai! Traif - Aprif 25, 1980 33 t_uxuwous APiARTMENT Ft~R SALE BY OWNER ' One of Valle oldest and most prestlglous kxatfor9s, this threes bedroom/three bath apattment boasts views of both -the Core flange end Gnid Peak. Fully fumished, It has mufilple lock~off posaibllides and an excellent rental history, The Ilicatlan fssuperb.,.adjacent to the golf course and tennis courts, across from t7ofd Peak Ski School and the slopes. Directly on the Town s free bus route. Only qualified buyers need Inquire. 5315,000. fix Infamotl0n, ConFOtt: fWTNY I.ECHNER P.O. f3ax 229 alt, Catoredo 91657 n..r..~...t~,~2 ~g'a~~~~P11Git.Pr..$40.d°S'3....~.,....~... untlm the wllgrity pl the Oralunce. Fp11M Pay'uNAl pl fhb NOh ntl4neln10ree1 pl It Mdr haleon. thl lpwn flleE9Bi 11q eN/1BIN p}f1f 116 peel lawfu/rorpprale pawcra. IfNB T~NnbpSYNCplpre0°ha~Ca~SeJ thli p¢rk ~ Np10 1p 00 PaeculBtl m lib n ¢ntl o Npf! barren wah the lacnmee aignafure of lne M¢YM al the town, la b sealed won 1n01ed5,meu1aeel bBIC Ins I I ehu Town, entl w by Bwnaa a„d m1aBletl er ~y,,ee menuN ei9ne1rr9 pl InB Town Clerk of the me Tow Town. entl hee ceusetl lne slleched EpdPnnf lO ba e~gn0tl was lM1e latl~mlle of ma MBYO, pilne Neva Buch town. 0.14 ai pl Ihn lR oar pl MBy 1930. ev0r l TOWN OF VAIL. GOLOAAOp Do e ~ n 8y IFneeimile $ignelum} I r[ (FACSIMILE SEAN Mayer e Yn ATTEST; - lMBALeE Sipnalurej c BheF Town CbrY (Entl pl Fdlm °r Seear Nohl (Farm pl Inlarem Cpuppnj Coupon Np, ~ E: pn In. gyl 3ey of MeY• November, 13 , umeee Iha N°Ia Ip which lhle coupon U Ines T6wn~bl Vallnln the Cauny c11 sole liantl aBlr~or cplpr.ae, win °Ppn enrrentler a role h aa n w w W o ~ rmi r ar r in I m n eY hp Vnq Btl 5le a al e l e i ~h~ g ~pjCB S el { e i en g e n r BanN a Benvm~ In pen.e., Cdoretlo. wley Irpm BM teCUyM by a platlge pl lwo npaclBE Iun39. ¢reeletl Irpm pectllBtl net prpcBPtlf entl cerlein Diner rBrendlf tl+rlwtl Irpm Iha epVrdee eel l°rtn In [ne Nde to which Ike Coupon perleine, fleingg InB Inldreal Ihan tl°e an ifs Tnwn dl Ve11, Coodr3da. Cprubucllpn LpBn Nola, Series Mey I. 1930, tleletl May t, 1890. benrinq Npta No TOWN OF PAIL. COLORACO IF¢celmlle $pnalVm] MBYN IEntl of Form of Cwppny bl p lwlabnB pl pie iOrdinenCel, reCh rdpleteretl Ncle shell be in WOBtanbelly the Idlpwing form, won-~wcn pMeelone, maerupna. na°rMmenle, ene yarleliona as IO r0C11¢la d feel py dMr Mpy161aR9 ee cosy be requiretl pr Iurmulap Oy Ins Ortlinence. entl v may be n9eefNry p eppraWlete la nonlprm 10 IhP rules ntl ragwremenla pl enV 9m' memaE aulhprNY w 1p ery ueapB prrgrufremernl d lees wlh rMpecl [hereip'. IFprmd Rplateratl Nole) VNITED STATES OF AMERICA - STATE OF COLORADO CgVNTY pF EAOLE TOWN OF PAIL CON$7RVCTIVN LOAN NOTE SERIE51980 Np , The Town a vell.In Ina ewnrv PI Ea91., aptl Stole '°I ColprWO Ilna TaNn], for r31ud r kved, hereby prpmiBea b pay !o IhB ieAa:~p oHEa~dy 111emloeolelY Iharelna} B~ce01 lptlh, an Ins lei say a May. ±e3r. ma ptlnnlpal f°m d TNOUSANB DOLLARS °e hBrBpn are ae of rna Tnwn eec¢rao by e~ i of Nptae d W hbnthia h one ¢Her tle enlY Ipr paymml d rM r0 melnlOnBnce eype113BB Of woh flay floe Net ArpleC1 p0ranuBfl. BB ieniyln~es~prns scc~m~n~eaa o doe entl !M Raeerve Funtl auriaien lln3. ThB Ordnance prprirhs WI IM Ezchmgetl RBwnue Bdnpa n,ay p0 bauetl by the TpWR 0} Vail Upon nuEh IMml. COlltlgi0nl, Eemr~m nee W IM TownnCOUncll,eexCCpt the ih0 O~rpe^aW^e imppeea c ^ . n^reyulr ..... dulrtantling NOles anP,nluCh of i[B Ex[hanpec p¢yenua BOMB-equal ro lha lncipalam ld a Itlara of ebdR e,nei ning g °un outeNndinq NOlef Mltl by non Nolehcl,ler. TM enrol nungams a 1hB k;e0 eR011 be r ~ r~ al r r e ~ a O~ ~ M ~ itl Revenue BOr iea ueu t ie priOCipeldsvn'I N°tee wilhgn e ch N ena ~ OnBi po delarrM nBp by pl empnq¢li dl the hdare p}eutBtendinq Notes. ,e apeinal the TpWn Idr °Cn Ndtice pF the exchange pl E+Cnengatl peyenn0 nclpal. mI0,Ba4 on such Npiea Eachengetl Revenue Bootle BontlB for NBSBS !hell ba Siren mi has then Thinyy 131)1 daYi Pnpr 1p Mey 1. iB9], by accrue from entl offer MBy 1. publlulipn entl by mNlln the man.mr poritletl ' HousING . OPPORTUNITIES: AVQN: This one bedroom has an excellent view of Beaver Creek. Top floor unit In the D bulidtng at Benchmark. Furnisf}ed _ $68,500 VAIL WEIGHTS UNIT ~ 2, PHASE Ill: Va_Y.y.nics ~ . 'T' one betlrvL~rq tfnlt .wltli,godd ...,... ,..yJf,.sOTf:P~'~~ '~ ThIB bWltlin~~nea ~e'rec. rppTTT. sauna end fors4} of owner stor~pe. The low monthly condo fee- Includes heat. Unfurnished $77,500 BELLYACHE, RIDGE HOME, OWNER FFNANCFNG AVAILABLE: Sit In your living- room or on the large deck and look into the Spruce forest. A lovely mossrock {ireplace is the focal point of your Ilving room. This three bedroom, 2 bath home is ideal for local people and since the fot Is duplex zoned, another custom home couldt~e built. See Boo Finlay ' Q~155,000 SUNRIDGE 303-E: This top floor two bedroom is completely furnished. Including the washer/dryer. The west facing balcony gets plenty of afternoon sun. The vaulted ceilinggs give a spaclvus feeling to this com- fortable condominium. Assumable tinan- Ging avalfable Q120,OOtd BEAUTIFUL 1/2 DUPLEX ON BALD MOUNTAIN ROAD: 3 bedrooms, 3 baths, loft; ca Mad ats cel~ingso are ~amonggtheg many Feature a. Owner financing avaiFable. Unfumished e249,500 NORDSJORD AND TROLLHAUGAN: Each townhOme has 2,000 square feet {1,400 f€nished~ in 2 bedrocros, plus den, 2 baths with an unfinished ~ lower levek with many expansion possibilities. Available at only - $12b,500 and $129.50b MOBILE HpME: 1978 Westchesfer, 14x80, 3 bedroom, 2 bath, with fireplace, washer and dryer, Would make excellent employee housing. Price reduced $2&,500 Building Sites ~ ~' WEST VAIL: Lot 20, liighfand Meadows: Duplex lot with excellent building site and views to the east and west $89,000 VAIL RIDGE: Lots 5 and 6. Block A. Great suri;. expellant owner financing available X55.000 each EAGLE: Lot 16. Block 1, ~ Bull Pasture subdivision, Excellent building site near the Town park. Owner financing $25,000 BELLYACHE RIDGE: Lot 63, facingp sun all day, bast site location, very buildab4e. Some owner financing possible ' $73,500 PA~mATEER ~~~ y~ REAL ESTATE 1~~1 Veil NHllo»9! Ba»k Suild,ng-Strife 303 Okt ON1ce sox 207, Va11 Colorado B 7 N57 l (3031476-4808 .••••(•••••.111 ~IIi I I 4r -,.. ~;s:~:at:r~»:. . -~~ 474 7hr Yai! 7}ai! ~ Apri! 9b, l~8a IN THE CENTER OF ' NAIL 93NCE 168Y • BYRON De BRQWN ILEA! ESTATE ~. ~ 47$•$pSi P.O. Boa 547-Nall, Colorado 81657 Cgrnar of Brltlge SVBBt and Oore Creok arlve ' ~.. '~ ~ r _ 'j ~2'r :: r h ~ _ '~'~ •~, ~,~ 3 badrobm, 2 112 bath, racreatlan room. 2 car ggaragge, sauna and whirlpool hookups. In Boothcraek ........................... 5225,00!1 } ~ Actio ~~~, n A i~O tires ~ ~Oca :.a i. .~ Vf Ar1C~;~' ~ `~. .- ai:., REAL ESTATE CORPORATION lots Mountain FIauB(In th6 Vllfiagsy Naxe to the Covarsd 6rldge, lus7 steps rrom [he TranapOrtatfon [:enter. WASHINGTON PARK TOWNHOMt~ - EAfiLH-VAIL BO% 6nancing al 12.8%~A.P.R., two years, no po€nta avaflebie. 7heae apapfoue, well daelgnetl tOwnhoveea are Ideated nn th¢ golf COVrae ateppa lrpm awlmmingg and tennis and clove fo Beaver Cra¢k.EnJpyfhebanefil - of home ownaranlp end apntlominlum malntanance. _ PrlCetl rom $206 f (J pO ` gq NN ~~ [fy~ff ELLIOONRGORHCR~LvkBFTEB -~~ Onry three of theae~ attractive l0[s remain. Ttiesa hpmeeltee ere among the lest with stream frontage In ~Vait Ve116y. Znnad primary/aeCpndary and nPrlded to SELLI Very etirec6ve. aener nnancina{7 avelleble. Don't l t thi t~ - ` m ea ou s ana...ac rtowf Ot7 COLUMBINE NORTH GONOOMfNIVMB VA7WINTERMOVNTAIN ,. F;„ . Per11811y turnfahed three tt9drppm tnwnhOUSa condo with two full bathe two car garage and great kitchen - 1ec1117Fes. Leta Of atorepa; Oaa heat entl low, iOW aaeeaementc. $i6b,l)DO with only.@696 dgyvn, 72,5 % A,p.R„ lwq yo¢ra, na polnte. ' ~ PALLRIDOEOONCOMfNiVMB ON YHH VAIL ¢ALr COUR6E TWO verryy s7traeUVS, two bedroom. two bath cdndpminlume. Excellerttrental pperiormande through TCM Both unite era f ll f l h . u y urn a ed enq aqulpped. priced from 316a par pquarefnotwlih sellercarry peek pbeplbFlltie9, $RLAKAWAY WLr$T Ct?NppMINtUMB VAIW ANOBTONE qne bedroom. exceptfdnelly large (1,000 B4. fl.) apartment near treated pant. Complete now fumishtnBS, afaelia 91x Or more, Buperb rental h€etpry. Assumption. plus aupetentFai eacoAd ava6able. Cnly.., 3g6.D00 BREAKAWAY 4YEBT CONBOMiNK,IM$ VAILt$ANOHTONE Two __.........n, fUMlah¢a and equlppeq unit with two lull bathe. Overlooks Mall area. Excellent rental hlatory. 3125.000 wkh 20% down, 1 T.S% A:P.R. two years, I'la polnta. BREAKAWAY WE9TCONOOMINIUMB VAILI6ANA8TONE Two entl one-half 4adroQrne..Larae turnlshed condo ~nnos year uautxs. neeepn8pry prlcetl at i166,D60. MO~IlH HOME$ HAQLE RI R PAR1C/ttpWARDB ' QFeat tpr IoCale IX new lairllly. ~BWarel Igrgp, ihMe bedradma, modern unite. q make Ifke nlgyv pr disl:0unt to handymen. Priced 3~4,pOp-tj2fi,000. LESTINQL~ 47f"'186U s~RVICEs oENVt:R~a~t-,lean MeltnberNall Ieasrd of Realtors vsu Resort Aeaaclstlon . ~ Irt4e1 IEnd al Form m Regmlaetl YbL) Iwe frA' IF01m d fl Otn,r0.1i0n Par,al bu41 moon.! ThEe Nale II re0ialaed Vn Ina ahCe d aha s1°~~ Perinqq Agent a me town cl pal. Cdoreev,ae R i nl~l' i eo atraY InlMnamaaltnapwnerliatee eelcw, the pnncipnl amount al Mla Iwre entl m ~ Nler•at thereon anon Bp payebN oNy to aucn tili ltn It In eacordance wi,n Irb adlnance .whoilriwr tn.laawnce of tore Nota. a'aaYi°e°1 I ' n.oe.ac thereon ndara oeN a Named aT Nor. a vrpyiae~ Rplslralon Redeaared Owner RpNVa Genera • Ihe,ecl and any llalee Melt m rq Ma apPl,relgn or uma Ib pore a par=ing Faclliry he Peruno pl mat b'fM'eaeM ps men[ a r ~ ~^ neantee,stunyppwIdaa~Orinary +-e~` Ilre Nel Prgaa Irewnwea may Ines d vermenl d vn~Ciwl a tlr vmie aeepe'ahah be aIM .na m entl Blla eB Gala a Ilg Fryt I e0 Notes, tl 1Hp MOreye, tl h TawnarM hneCl'pl,rtl ed.MaN ~be aubjecl le Ina lien atn9egatlpa hyalrel delivery lherea.amy tiling, - i,randNehen0lmiapledgeanatry , lien of coirxaeo~s ce•~naM atltaaleao, cc~m°~ i~a~ loan Nona. Nore Funtl.° Tne Town eKea tl~posil in the Nate Funtl, lorltlwilh upon r up0.1 of the prxepya o}Ihe NCtee. Interval r d thereon t10m their Cote to Sh0 tldlea tlelirery merea [o the Pumhaaer entl In tltliiien the sum ag,eeQ upon m the n to SECTION r. FIlNBB CR CATFD 6Y pu rcnaaea reement enl0r0tl into between the ~AOD p09~lOn a.NOte Prpceeda entl other Tawn an Ehg purchesar to apply to tn0 paYmMt o1 interval an the Nplei d3 In0 aeme Revenues; 6ecurily Far Nolee- Tn0 Proceeds Oecumea due after Ihelr OBllvery. 1[Pm the sale of the Notes. In0 net proeeeds of ~ Aa Nel Pro1eM Revenues ere racaWe0lnBy e Park,ngg Kwcu~ly General Obhggal,ortBands Shall be cretlneCimmeoiatalY lBIhP N41eF ,M. Or the ParFing Fanllly Rewinue Ra ;taoasu0e Frpm Net Prgecl 33BVe~uw entl Blher legally! for such purp0a0. Know Om]1l faaued.e Itl and evallapl0 me¢B~a a}Ene Town, on ahelOm lM tl0liva[etl. d all Net Praj0cl Revenv0l due tlare 1 h ,esp0ct,ve , lallmeni el uweC 0y Ina Town lr0m the Prgecl anall lee Inleresl, here ahdR b0 credlteC Ig ins Nale Aepoallatl bflhOTawnlnlMlundatleacribetlin FunC, Ina nBrl metunnginamllment p}Inleresl aIB SBBeI d poetry seat 1on~ lnt~n a$Bq~en 5 tluT~ ~h'~tC~iiatl o Ii~.cn0ja~e'FUnC eTall mine reudlry pl the Nole anon n l be be oua to pay me interest on the Nona men eap0nd0nlan nev Ee ellacte b~iMValiarya Oulsian0in,d~u~nlnteresibeoomaaeue- ,p,uanry.m .nr P.aceeeln Imirq Io mw wn.n ..$ a Aae a,awa, elide a,.a +aWace arem Pan meteor. erne p.r~ a . •e.e^ ln. P..ei~g ne.e .-.-~~ Preferred Properties In The Rockies ..... ®. ' n~-reriTlonl Investment Groups • Partnershippss • Syynndicatkxts COrpanetions ~ Creative-MindE~ Individuals We have es9lsted rnarpr opportunltyoriented investors in structuring property putchasesAlGH7' HOW that make this one Dt the best tames in this aura's history to be a btgrer. Consider: Three heCrmm Etegleyail tlupka wkh IXCEIiQ7T lemrw and OK7vFl7 F1rwYCtlY4 riom,eeeke fa Red' 1 studio with toil Rmrmwled era mnnehs agw OWNER WILL CARRY SECOND. Anahtt hbrrtestakr 6ltadip with a[ttlkm KTldl hiltdayy torte ~OWNFJi Wg.L[ARRY SECOND-LOW CiTFAEST RAIE Orre acre Iaamwrrarn lWear Vaktl woakd idl 2orted muRNemdy. c17tlEROUS ownbR rrw+aNC. 37OU~NG be>troam Maawirekr mrWw PRICED FOR lAULS AflD Ihia'n mty a panel Ineing dehe real eslaer>ppmunilies vrherelo dkr. Please cal mle speak w+eh a member d our sake stdF: Qty! IlaChmat anr6aa n~TTm~ G~m3 Cordon Alike h6kw ~~~1 .~~tlZ[l~i'~tl('ll lY (:u~refi'~uft!! Etea1 lE,tttale Saleat Ilit~i,o>ra Bd Taw &adslgg 203 i;rprE Creek PII,k Vail. Ccloraeo a16a7 iOV,TF Of 4AIL. COLCRACO (gp3~76-4015 8Y Ifeca,mda Sig ~~ rp] 1{ACa1AfILE SEAL) ~ y ATTEOT: HAenwl Slgnaum) ~ ~ ~ ~ ~~ ~ ' Town CNrk , , Rs r f t IEntl a Form a RBplehai0rt PMNg . • i ~ Thv Vuil 7}•ail - April 25, J981i.3s' In-town Exclusive locations: I Bearer Dpm Roa4 Residence: ~ ' rfd a1rblVl7 fawedrgnes an D UBOUIaUI ~ . sRe, Mis hprrle Ind amain ltnlCerlcg . ___._ .., antl a plt[ISrhl3nrol a.. _.,._~... ~euy IpPCpnlrep for apd oVrpolN, entlxlaamWnla for nllCn YV'Nr le PerAinyy lhclllly flenerai ppilpnstioit 9a er IN farFlnp Fecllily RawnlwemNalr ' shall be InCiVdw in sM Mnual gldpel pn01M time ar hOm hme SO limp eo thal On p>NI ~. ' pPrOptNllOn IXEIrIMCe M man~rpe W M edhwetl pr Neied pylMTOwn Lour JllnxCh May 1, 1ga1. Urera will hlhe been tulli<ient `. eb M1elrectlYNy YmII.O MYOI Ih/NOIN.ellner prC4pC011fIN eVCn hOnaNka wAkh, tOalSl av Ih CIM bpell lr OI W N tl l ~ F ; IlC~I par y1nNrNl ere~nOyulllen Arglrld M M ta Po fN F y e aetE mu P I In lh• NVI F iq end lM RacCN6 PUntle 11 I peWM WNM Om M r,4.twdul bn p alnM Nw MM•F~iq PYrM TOwnld MiuM run tl•^"•° e4wnlMnle for er F.. r , u an se aH~,,~a ha NOfM~ineir Haney minxree PoneNUwb o~r~~ Gnpy Nolp, ReY1nu0 Bends hu M B F. '' hmrb dlmpmtm CheabH tWndIM TOVM nR m N UhtlH [ a @pNlen @ anaH Mve><bhaFlTam }lalWe Inlxeel nMrol 15nu Cw annum. R - y tlperlor lhe CC.e nlecoMelnwln tNi arEmenp c0 fpll Y, pl IM NOlx oulelenClnpp NPIN nd ep Nftl Irpm;M N ~y ~ nmein W411nd1n ntl u paid ablhllq FUntl enElM riNHVe FIIRd•MII Mexchen( ' I n N i in s e~ e r~ r rw SM TOwn 1 Ft0Wnve eontlsn prplUVc e M ll M P M i q nd pyy np alhe iunEi o llw TgNll~ipally evenNid fOf eucn pnlpON IO IM on reOi. C c C, EvCllenpoe COWnanl.7v thexlenl IMSI Ndp FUnd for Ise pufpaN Cl prCritlinQ la 7M 14ma ictumith4d In {Rtr Nole FYnd Ntl I rv RN Fwtl e 1 IN n ' plYmMS dr Ma plnelpel Cl, Inlefeel on ov erry e e y . $ere PnM 91 Hd11N~ to PaY IhR pantipel 01 KI 01 lM ou4NnCi prlmruNl tlue wish IxNCI rd IM NoSA_ pxl l y G T - O. IHeCN antl Tfml tlY OepN11L EaEP OI IM epeeW lunM LNafep In Mh @ecttOn6MNlh Nenppe I Pork r rWW re erw 9br lilY ReY f Allol lni h Nm N d - NmaiMtl in a CAmimNCll} Bank al. a'boN or n Cynlan suc e nq elxe Irv eVEh NenS !hs horn d auc11 remains atleCrlnl Aepr NNppwaN Md spHl IrOm Nr 01npr nywldlrtlaellM TYwnMllueleCPeun4 OUfalPntllnQ NOiea (hall 4e .eeqgWlltl 10 eqa p .xch' v W n O R Mn dl C O . euhly Iw IM purpgeN Mnln Wlipnalw p e e enyt. p on l eu ppY^Nnl CI Ily pnneippa3 OF IM NpIN wilts - tlefKn. Fpr pUrpNk d [nwelnNnl q mtlneVS. nOlhlny n\raln PlaYtrnll 1N. WrInH rxowu dgellrrl the Tpwn IOr W ;IYmenl pl plnClpal. InINx< M WCn No'. rNnp nq or me s e.manew Nr sn xy two MrMlrtr WCh bq~QilCCWnle PrlUwnQ lp ,sehanppd for gawnue 9Pnn pI n uex GCrue 110m alts eIIM NOV 1 1995The %Ikl ' d!a NN Malaot RexMVe1 a to eudl sgntl awl ar 1 alnH lundldlM T *n 1 NiehW nl , 'FEEibly Revalue @entle Yewd 11pp er[Chx l ' ry p M a 0 .urtlH Mh O+aXlNa.eurn bookxCOe1mehelE C~uurpwee ehagq4e dh etl Nay 1, rse2antlx oe IMerNltfpm xld NNUenIPIarN1Ne be COnllmeWlly eecereQ le lM tulleel CxtMl tlelerm{nw by drRnanN pllM Town COUr equlNO or p.lmllew ppyy 1M 4wa or IdR 9ula f whIEA atoll AM b• INS fhM Iwo. pHdeRla Pr Ma NCPrlnq of WWk sand/Intl enallb ,fn(OCabNtrn7 MS wllhdteweaN Oyanyana lp e11vN IMn Is Stth N IWlnleflnalar N}n lqe sntheN n{eol sew lCl er Nalee In Eaarppn antly~NldedlnN tMi rI 1 lwee Y p e elP a aNlgnNetl purpoxs or sacs IuMa a x1 W InIN rtnb rollM lieveiw BpIIN he enenenp/eEro~ eucn Nds w Nola NNk r e twun4 Face parlgdlF plymem Mn M *eeeed l6%'prannum.TMeacMpN rMtin ' erllt0[w to lM paper beak aCCaunl npl letlr tMn NI tlNe Inar~IP1 MrNn dNlGnme0. Bends NIp frwlun in nd Nee than nn r' years hem tlNa CI IlallulN pvlWax IC - " !(ceps. Mal WMn any Wlri Nle ilnWNl G e 9 MduN of mNw14 tle4CMnw wY the To O . ~ Nbrpey, a BuMay or i Iea,l hditleyY, loan WCh prymenl eMi pa mace on w be[ore 1M CUrICII yy dfdinerce, Tr11 Perking FeCil RNarwe 9pnrp to Oa ap as n p ma n , ' = ~Mxl_pN/tlln0 WfIMH tly~ N M M d F l y c a l~ hvWd in oeedr w npNNretl ldm. may ' . vNlmenl uw e. g nMrwya 1n ln7 IVRIi NNeblbMd W INII OrdMnp may he tle daged InWaldtl ar nln npa M wNmatNC GI IM oplwn pl sM TO*n it ae e d on /ucn Ntle ,rid may ba In eu 1 rm p , y Hry eruw perm,uw ey Nw 5esursriel a~ Ig 1M TOr FF gOterm ned by ardmanee 0 me lerme enq aroneropa.nl Ise wanes abflea<kni WKhaNC N eats P Ir;NlNranl h d IMr W e xlt ldlm n 0 hon kl 'Irrne ~ ahmannnp IM Nawnw el In puklrq Fagl Rev @ h M e d ' a - p u e l Y rfep tibia aylM nd~ IMre01NIMepUgn emx 7o •o Nc G ol 1 PR enp ~ tleINIrY d. agEh bpMe'W IM NWtlers Wench Mlder, p /hMl mNUre N aueh lrtM d maNnO Wl4np1[d ryeln HlaacMneellwre' - IXlne N ehN! bidet MHIy ednClN Wlh its evpedeq nN0 let mdMye from IM alltl In N1N? Provide IhH IM Principal of orb Inns On eucn evehanpe parNtlp FlGlllfy RevM gWlflell. SecWlllx ar ObhgNlone Ib urdNiw xen lllYellmpnldn»xye In anY BendE eheli ne WWyWb N ewnpRiw by 1 apNNrfromlMNat RrOhN RevaneN end• ^ ; uFn'rond YM11 a deemgd at ell limes NM a Na wMr Nen pn ad velOrem 4x nany dl pq1/nI d IM pplfcebla rynq; PrNNwlrN1: wflh IapNly Hide lu Me 1 IM Tewn l !M'xcapllCn arrM R/NMFUntl.IMlnlerNl l[eryme en WCh - and anY p011C l l N tlllHmined.ly Me TOwn Cpunell:'The 7w CnunN! 111e11 -deNrmine ell drNr 4rn i eg ei! IMIh 7tNretrpm shell b*wed Pt Fund. end y Nap enwunp ham-WCs, llene and epvenantalp ae1e11bIhM Iu rrpy w1MrhMpgrpmenCe mvxfrNnll eMl} M Qpef@etl 10 SM pWkulH tuntl 1e glNa110n Inle[AI entl pan! rNlleed Td elhcl eNk exdunse, Chi Town M tlalWlr I0149h ndwrerpuh4ntllnQ NdN, IreM lnMlmenll /n IM RNHw Fund lMll n1 rOVidtllf ll F nd ld R ~Ihv mllurllr @11e d loco NOIn. a grinds m l R 6 . xerre l Cradled setts U .P NnCnlM empunf lnlMRerlrvl Fundpwll em W e lse ChenN ayenue 8 nNagc NMa prinibel-aMCUn downer+alrp Nw N list dra9,e@q.eunlnlFeel end prakl may Mld dY SUCh NOlenddH, rTlelmrN mlmbin Arthur ~G. - ~ Bishop & Co. •COmplerl; Home Managemenx services Real i:srarl: sales Rentals 3172 Hanson Rants P-Oad Post Office ©ox 6137 Uail, cplorado 61657 e t3Oif A76.5685 ~..,s ~rirvavr~. r•r . r + i • ' ~.+e . r .. ,.wdy~ . n. c.r y> ~ ..-. f . r r`-- -~ I Vail Golf Course Home: ~~r ,,~ , l ' - i, _ ~:._- rorest Itodld Hama: rnh dchflecr4esfgned Home has UBBr1O0tlatTlafadwitn she hlghust. ,,. ,,d., ,..did ~-. flrtaues d@kpA9 defalHnI1pp thrwgnour. Selected IecrlureF incllyda; Large CBdQ Caml3drafceilinr~gss Wi~th .:. - ~~- '•e..~ ~- v... slMr'IppnlS custdn hock lightlng. antl lutenrx redwrod _ ,. ~ .. ......`.•••: "` . ' y "' wntlado Masser 4Bdraarfl wish rwlfed taomecs Big and LOYBIy: I].et aooo square teat pus ~ek?157andPSSr+rnerea+aod BUndeCk:Two odtlitkNrol c'~en'xed rwucorgproge.NugeliWngdiningoreaWHh ___.__,.. Gamlet kirrnen wash hollYwootl flWr, vauked ~eiHng. lveploce and hunt-ln bor. tar IlghHrrg1g tle:elxe counter-sop ror>Be w11h ~d1~saM leurbplhs antlareereafion raamwlih Uatlaasle. WUMe arerw Inclutlsr,g mkrawove, cull sine pouf loose.bnckelaplocs,hWltanseuting, plus 'd, wM teaks oak ca6lnehr OeaWlfld enclosed wet hot... S55AA00. saY~.."s'~iaa"'~'~', ®taeptlntried bathsand ashy West Vall: Condominium: ~,~~; ~. d~ m: Trrn Uel I?ld aaVt14 Udro fBntai Fx IIBnt bW ~~ Eagle-Vail 17upfexes: Sole Heaftad: 17ser 3.000 sauce febt w+M 1wa 4a pia 30 k~or hlph Ce@rng, hugefllepbce, Iol.` -:'. fheR uW anahdf holfsx~ romYy fads.,, $234.508 Three B.~....,.s, lvly andOrso-Nplf Bolhs:22IXT ~. TTsqaeupdefeetwHh two root Carage. Cat laced ahhedf. 52r1S00Q exCBIIBnI kxdron nil 73M1 green,., Eagle-Noll: '~ Nall Rw! Tam Homes: nesttetl Rn Toe honks d - Gde Glrekfn YW{~s Wlet Beghomresldentld dreo.Vail Eons Town Nomes ORerall frle b*N d InOGVfain IN' Thsiwnny Vail Lout rise is lust minlnes frdn the nsorf of V N Mlb ki o ge and It9 S II vfa slla town of VOS bsa a atstolnld]ke, otw yet it mantoire the sechlsland ssle MauMpln ~. ~ Tamhoulles; Onryrweditleae ~ mot! tRpa I Parr d Vall Vdlley Itmea _.:_,_,,... mrea COItt U~iNS darn.. 513gppp hYO _-__- Ni yg@EValh hortlesremak+neslledona IW(Jlllg h@lyde al [cpleVOa, oledwHhh Nnrtwdkhq d_._.__ro tam rawswlm Toatlitlasrhesa .' ` anti/ hllxa p111kr1e8/IhYOawhanUUPalfp6lntlN~dUdFY _„~~ _ •-\ ~ ' !xktsdgaoga. dehple _,,..__: bor.wulsedceslErrl1~~ k~1p MMtl IrdneT]y- .- °.., did $pOndsh Hlfi rlynti .~ ' ~-~` ~-~ .i %i, - - K ^__ - F1cAlrled.. X790000. „ , .,v_, . ~~ r .S~i,Y~'~7.aPN-n.a r 'eKYr- ~1 jy g 4 t~ ~~,r.. !y ~~ ,~, ~ r ~,~' - ~~~~AAAA RBkIR L?aekTOYYRhouset:InEnatVOil Locatetlana sunny site ors fJdrh f onfage Itootl Ewt, The Mree Ladrlpam. two arsd on~hal7 bdh arm ate reody fd qc,-cy~oncy. Clime to PlHrin GTpeN with Ir*gp Uocka IirePlu~cegGE al:ph~.~stea Ish~wrer~~OlMO{~~ a0 ]USt Stine OI the Onlerlllia5 ifiGillQ9d, Thee Ut1115 }O ehooea hpm.,. 5768000. Lots of Lols: hlme 8uI1dfRC Safes: A Creol selecsbndresklonhol Doti multi-lomry lots througho~t~nGClore Valley horn Hilo ~ m ie~mvs~otleietl it quo~~letl n~wmerz 552508 -..n-.r ... ..r ~~.. ., _... .n._....~ -, _.. ., x.rn_.r.va-,.a-, r...~M 3[J ~'he Voi1 T~~ prir 2G I9,90 HELP1 'RESPONSIBLE 'TFUS7WORTHY 'LOYAL....,. Cnaple, need i0 ilntl a new IocetlOn, appreximalely ' 111Dg equate foot minimum, 4or (heir 10 year Old loather shop, Muat move by November 1st, 1980. Any assialance nr euggeellona would oa greatly eppreclated~ ,Please ceFl.., pavld Or Oiena Pfeil ~~ THE ~A~~'E~IY ~•~ Days.,, 478-9111 Nlghle... 4763358 We~~~rn - • • Pcvp~rt~s, ~~c. Real Estate Sales, Marketing and Inwesirrtenla~ Treetops Candeminium: Thla unique odnr1pp--bedro0rtdona-both unit M Treetops. 8ufklin 8 feelcoated oggn~pntfMfpt7rngQi round noor. It le ex~oeaCently IIaT11ah6d.nt~cl:nf3ayrYar Miller a~ ~ 478.6544, $oOrplo Condornlnlllln iJnlt 4p3El: trill two-bedrlyoln, two bath con;LOminlNrn is eomplele with large NI[chen, Itving/tllning area ivIBY mnasrock hreplalx. ices Oxcetl9nl view Cf the rrYOUriteln. Pncet! at $1 B6,OOD. Please oorllacT Gaynor Mllfer at 478-eti44, • .~oM~sir~s BERRY CREEK: Fling 1. bulfdable this summer. Lot 13. duplex, exceElerrY owner financing 555,1700 Laf 36. duplex ..........................567.00(3 Lot 7A, single-tamlry .....................585.000 BERRY CREEK: Fling 2, lxlildo4le in 1981. Lot 33, block 6, Cuf~Vex ......... .:..562500 Lot 23, block 5, single-tdmiiy oh 121ts 3arway .... .......................................574.000 SALT CREEK RANCH:20 acres, 7 miles southot Eaggle, stream frontage ...... . . ............... S'IA0.000 VAIL GOLF COURSE: Two IoveN veuoded leis vrith views to Gore Range. Full r7uplgx zoning 520.5.000 f§lrnarY,.,..,.,..a., C-41 sae) ..........$275.000 8U51NESS OPPORTUHIIY THE JADE TREE: Esiahlished. profitat3ls. Mintum business.IaxGe#Ient lease. Terms..,..+'-'-560.000 r~. G f Thle cozy two-bactroornlcXte-tYatn unn w!m brick fireplace offers a view o! the ski a+opea Pram Its balcony and is In an excellent Icoatlon in Vail Villag9e. Ape tied central IocaLOn. ConlacL: GayrYdr Miller aF 478.5544.• Crossroads East, aarasa from the Vell Trananartalion Center, 143 East Meadow Skive veVl vlAege, cdoredo 81857 (3031478.5544 A%eletetl with Vail FMOme Rarytalo Member: Vail Board a} glaallora gild Vafl Muhiple Elating $erv1Ce. FEGTION 6. AYENeNFNT TQ aeHl- NANCE. A AgelMmMd of Ordnance Nat negWlrnB w,lnwliha colNNOnrnns~npn ~eip innnnl~.: 1 Ina N¢Ina a opt dlnancce f ~pplemerdel Mreto pro Nn upgamenp lmal dnxnte atoll ryreaher f¢rm a !Iwmll ra lny ww w mwe a as a tna ldlowin9 pwgolsa', alai TpPpceu~~rxe iYamyhqu Morro x~iconaa~a M MwNbn coMNMtl ind lMa 6rdnx,m. Pr W a. am proNei¢ro won .eeped Ip mglma uialna urger Iola Qpl,4nse w 1w anY of Mr pv I NMh prdriawna sre rtelMSary IX ~~i dntt,e 3tokbn• Or~inely Nu~ aM CWIxxM: a I~ IMI 7a aaRpcl lq Ih4 Qrdnanra tldlhMl pcpanrea w mllamr,Y ~ Amtndmant a n.d,nenox NBgWrlrq CCneMI a1 Nplelwidan. ExcluaiW f IM amenalwywwn.ncea cox«ad bysemlon ea. Inw ortlinuxe may a emen9eonbY' gdrnance, xilnoul saceiPt by it pl e Y adR,uCrol aaneiMrltmn oat wan Ina wdnen wnaem d IM holdala IN 66A in aggreBel9 plindWl 1mdrM d tae Nn}¢$OLISIa~tling al the lure of iM ntloptlon a1 auto amandetPry erdlrNnce, Mar+tled Ihal rto ante lmendalory wdinlVlce Nali permit; mituriChanQlrq Paynwnl- ~ Mn9e M lM µin II Y or m IhB Imms of r,MemPlron q 1M la ipe1 g~any auln~al~ing NPIe ar any NEXT TO THE CLOCK TOYt-ER fN VAII VIlIA6E 230 Bridge Street (3~)I~errve~ ao3j B9aa34250P Red Slicer Dldl Batley David Sage Bob Kendall Rob Fwd Bette Rani George Lamb Plat C~atrson n Ger~N WFluekin~I~.IPrnns~td~i remanu w ¢rnor iniuvmem r.¢r ens the dams .na me ins Town ana d the noltler. a eoupone. i1 anY• IMaundN prey I amrnlNe rn any respect aeon i Cle~il of ansl~atrumeni~a ~hanot 1M mneenl M tro hgCen dW town Gbrk ter pablm Nolen rM SoNn shall t be anullad w nquaee wnh reaped b au¢h Ngee ro give w nl. Whellaver el any Obinm any consent d t0 lake anY dhm anon Wovldad bl Y4hln,fer. am IM dale of the IquindtObog,ven by , r NorelicA Notes, Any of SM Notes shell be 1iI,M in the 'K an instNmanl w tleliveretl abler the eHactiuo data o1 anY action taken ffi plovFdae m 1MS Section 6 w Natea Yle hplecM old least nlnsraneingal theellaclivademoieu¢hegro+~ 10mounl pliM Nmea Icn inslrurtwni rneY bearenolalion fnereortlryendoraemenfw therrdae In term aPrnov tl by the Town try p mpoeed t¢ (b~nal661a such acton: entl i}anYPl,cn NOle ` a Iner trument ]r ntl shall apeciliCeily ro a Ihenlicsled antl eoliyercd sea np I e}Iecl Ne tlaree¢es rolbear auto noU!'ron, llaen ,e atlopbun al auto up¢n cemantl of the naudar ¢t env Nola M . n e1n r uhp r ~ ~ p caurr~m ~ye vi he p s e It laSi¢ o}nit N01 s sen Pe Co1xnfplag y a~cn wnerWal¢ry narwnm Pr inmmmanrand acd waname a ,rent aMU bacpme e!!e¢{,ve. 11 the liquors pl at ieeen 8bM n aggregne princ,pa1 snwum a Ihs Nate.lMn nglptenWng, al the IIIMC1iMadpplldldaaM emendalwy wdrlence a inahumant. w me predecesaon In Iipeol auto 1r¢Ide N. enan ton cpneemetl to and apvr,>,atl Ina adoq'ron IMrepf u Mrein prp.Matl, na hdtlsr d nrry Nple wnmhw Or eql sash Xaldar Wll r ~xa r:anaeraod to w exaM naxe rexpnea enyaan»m n poPVidedr ah~l M.e o^Y nl larnlo wrl to bled o aoegion of eul:h • IP'" b ~: ~~ • • TFe Y¢i! 7Yaif - Apref YS. 18ao J / . BEDROOMS - ::; ~. ry,. S - 1 ONE BEDROOMS: Vary ~> .comfortably sized in close-in ership costs. Project has an John~Nilsson uranon. soma owner tinanciPg Caff, Cell Ken Wilsorv 86.000 ~66.5oD ON THE BANKS OF GORE CREEK In pres[Iglous EXCELLENT VIEWS: To the. ski elopes. Clean, Bi~horn Subdlvislan. Design features spacious nicely decorated. Equipped for short term rentals. Ilv ng eraea, tour bedrooms, three bathe, two car Call Dean 486,590 garage and Forge tleck overlooking creek. Carl Ric ~ LANDMARK TOWNHOUSE: One bedroom, one pr an appointment to inspect plans. - bath, }ust steps from Vali's Gondola. Amentties ' mclutle'pgol, lacuul, sauna and much more. Call DUPLEXES Todd far more details $132,500 WEST VAIL•5ficlvdod sun tlecka overlgoking(#ore TWO BEDROOMS Creek are enhanced by an extensive use of stained Bglase In this tine split level mouniein retreat. 4 LOW COST TWO BEDROOM: Ve nice to f bedroom9, 3 baths with both unite selling tar a total ry p lour of $220.000. Gall Todd for en eppolntment today) end condominium In sunny Buffer Creek. Low condominium fees end assumable mortgasge. Call BULL RUNDUPLEXEB:LocatedintheBuflPasture Jahn Nilsson 80.000 3ubdlvlelOnin $sgle. These three bedreom,fwo and CHAMONIX CHALET D3:Thistwobetlroomtown- one-half bath duplexes are available in two Moor home has warm pleasantatmos here enhancedb plans. ACllve solar colleetora may be added at ~ anice kitchen and dinin area. p y 8ddillongl Coat. Gas, hot Water baseboard heat, Call Tpdtl 9 Great attemngn Sun. wood-burning stove top ott the energy aspects of ~ 493,500 these Wefl d98igned affordable homos. All"' - - - TEXAS TOWNHOUSE: Located an taore Ureax apptfancea. antl floor covArings included. Call within walking distance to lirys and Golden Peak,this Frank.1,520 aq. ft. unit 599,500 ~ two b9tlrpom townhouse offers privacy fn an in- 1,a40 aq. h. unit S$98,500 ~ town location. Call Frank at Eagle-Vail~Cffaretl EAGLE DUPLEX; EgCh side has 1.x00 Bq. R. wtih 3 ~ ~ furnished ^.75,000 'betlromrllg,°2 bathe. ~OverFOOk3 [he fawn. Maybe----~~ "~~----- PAR B IN EAGLE-YAfL: A attractively prlgeG two sold ae one un4 or two. $3.900 toward improve- bedroom, two Oath unit. Good loan assumption. manta and lan(lscaping. Call Merc -$85,000/side ltleal rental. Call Ellie at Eagle-Vail " 4114,000 SANDSTONE 7gc 2 bedrooms, 1 bath, beautiful views of VeEI MOUnlain. Sold partially Furnished. Call ' Ken,Wllson - 4119.500 .: ~. EAST VAIL CONDOMINI4M: Furnished lwq.. ~-badrOOm. qne SSath in one of Vei!'s best managad'~ ^" .. - cornplexea. LOw monMly dues include heat Fee an- appointment calf Rlc $96,000 ~ THE LODGE AT YAIL: The most prestigious - locationin VaiL..clo5e to averyfhing.Twq ~.;,;,,,,,ma, three baths, second floor condominium Terrific rental history. Call Renee 5285,000 THREE 6EDROOMS SWIM CLUB CONDOMINIUMS: Tennig, swimming and golf are et your tloorstep with these towngqhousgges. Spacious floorpplan, 3 _. ~. __rn, 2 ba~tyh Sold YUrnfsh da Call F5a pk rtsctforthe actig, 88 Oiiyo BUY NOW WITH CONFIpENCE: A[ Pre-constuc- Call Ken 4199,500 tlpn prfce6 knowing the builtler will deliveY One Of the b®at values and puallty construction available to _ BFOHORN ESTATES R4: Three bedrooms„ two Eagle•VeIL Thrope batlropmsand three and one-half baths. loft lownhquse on Core Creek. Secluded ISEY t}flpl~nedarbunda very flvablefla0r~ilanplus~~~~•W~ ~='•!ta!'~-IOCation.ExcellBnt OOOr plan with 1,500 sq. ft. Close a two car garage. Gall Dean 180,000 ~ to bus. Owner Terms. Call 1]ean 4179,000 BOOTH CREEK DUPLEX: 2430 Sq- F:, of elegant POTATO PATCH CLUB: Beautiful vievvs, superb living. B6au[#ful.ly furnished four batlragm home COrlstruCtian, sw+mming, tennis and full heaFth ' Complete with Wsl bar and electric garage door facllHes compliment your Vail "lifestyle"! Call Ken opener, Price ifrCludas all furniture antl fixtures. Cell Wileen or Jim Potter for en appointment. Charlie Parks. Four Bedrooms $+190,000 EAGLE-VAIL: Excellent constraCtlon, location and Three Bedrooms $5D0,000 immetllele occupancy. Approximately 1 mile Trom GYPSUM RESIDENCE: 3 bedrooms, 1 bath Beaver Creek. Call Ken or Jim, North half$165.000 - modular home located In Bertroch Subdivision. ,~ ~ Call Merc. Priced right e• $59,900 t ry ". EAGLE-VAIL TOWNHOUSE: Located on the 11th =- fairway. These Fine units are only one mile from Beaver Creek. Both are nicely furnished. 1.5D0 sq. h. v. *ly ~• ~ with owner financing, 29°~ down and balance at `-~~ l4Wo. Call Ken 8158.000 I ~ 1.235 aq. ry. Call Todd a1a5,ob0 `/1~+ ~ ~~ ,"~ LAND ' }+.~" ~~~'~ EAGLE-VgIL: Lot 26, Block 1, Filing 2 _ $88,500 L' wW' ~ Lat 75. Block 3, Filing 1, Easily builtlable $90.001} ~f>' ~ ~ Lo[ 14. Block 2, Filing 2, on the banks of the Eagle ~.- River 489,50 INTERMOUNTgIN: Lot 1 B, Block 9, ~/. acre ad Dins •" ~ ~ BLM land $58.500 Lot 21, Block 9, zoned for 3 units $84.000 BLUE GHtP "OFFERING': Quality, a ffYSt BERRY CREEK: LOt 16, Block 1, Filing 2, onthe 15th canalderetion, incluoing Woad-Mode kitoh9ns, green 466.900 s01id oak lrlm and morel Archllecturelly designed Lot 10. Block 1, Filing 2, on the 15th fairwayy with for energy effiClent tWing. Cholca of two attractive stream frontage $99,500 (lour plena wl[h.threa batlraome antl hvo end Ona- BIGMORN: Lo[ 3. Block 7. 5th etltlition, orfared for half baths. Heated garage. Preview N now. move In exchange only $7 10,00p Ihla Spring. Cat! Deart fnr tletella. Lo[ 9. Block 5, 5th adtlition. aver one-half acre, ' 5ubordinat+on considered $102,000 [iUSINE.S`5 OPPQRTUNITIES LAKE CREEK: Lot 25. Block fi. exC011ant site for UNfOUE MINI•BPA BUSINESS: This establahed solar heating 5120.000 buein9sa Eocatetl on the bus line +n Crossroads, GLEN LYON: Lot 17, Duplex -owner terms antl assumablr' oflera axcelleni Opportunity Fo Cash in on this health- 47 35,000 oriented business. Call Frank $80,000 VAIL RIDGE: Lot 9. Block C, terms ~-$56,500 ~.. .- i w. V ~p,~'hr Y,aft 7YRr?TPLFr7126.,,~~Re Notice of procedures for electloa to the board of directors of I'loly Crass >4icctric Association, Face The annual meeting or mrmbeTg of Holy Cross Electric A_asocialian w[II be held at SL Stephens Yarisli Center. ]8th & t3lakc, Glenwood 5 rims, Colorado, on June 6. 19130 at fi:3o p.m, A quorum will require about t.2tl0 members present to person, or by written proxy designating the meetln~, no pcrson la vote morn than throe prox ea. Three nlrcctars Ipra tarsi orsevenl who are members and bona fide residents pf the service area of the Coop• eratlve, will. he elected nor three year terms, A nominatin Cpmmtttee' ednslstlnQ of Jcss A E~ttit. Orest E. Gerbaz, enry A Bosco, E.L. Crowley. Wklllam C. Moore, Rex A Coffman. Mar aretH.31mpson.CharlesF.Stewart, and~argaret 13. Ccrlsc (none of whom meetings of members may be the Board ar by ] 0°.G or mere of embers, followed eAy notice. Mon Information is ayalable at the the Cooperative, or by calling 1 at Glenwood Sarlnes, Thld Advcrilx9nent Holy CmRN EtrpLric AsrwctallDn 1L Y SEA CO ~H~puN~~s~~~~ . CONDOMINIUMS ?i21ME VILLAGE LOCATION, farrlloar, two level tvlWnfoin Haul concbmknium wllh tlxee bedrooms, Ihree baths, and very nlpefy fumishetl, Good fentol pd6ntiol with iriihpas& man..w..,..~..}. fJl amenlJies d a maloF nasal! Including frmt desk service. dorwentlpn faClliNes. resflpurant/bar` pod saunas, laundy room, fslepse call Irene Young, 47b for rslare dafalli. ' HoMESta1E snJ~o WITH LoFr. r0p .sod, ana ulNf wkh 5pectaCUlp vievys dlhaNllage and SIOI~BS, Fullytumishl3tl ~Id located on bus route. (Twrsel deslrgs Inslpllment sale; door! terms offered. For more dgfdis. col Irgng Young. 476 « 47b7321. VAIL SKY HICyH one bodrpom, one hplh Lati Of sun. recently rerT1o21eled with moot' exlro9 Including a FrrnNlin f~r@@pplace. rasa 4vy for ipppi. AssVmable rvlpfgagel..........592.000 MA1+lOR VAIL 52{7[)10. "P" bullGing an second flOar, fpcing mauntaln Tully fumishad with Cppaclt~r;p sleep flve~ DMded bathroom torextraaccommodaHOn, µell-assigned floor giro utilizes ihB 675 square leaf fo Its best advantage. Good rental potenfiaE with ettfclgnf managgmght. Call Irene YouMJ for details. 471i•445D 1x pt IWrne. 47b1327 , .......... 5470.000 H~MES auaLEx IN SUNNY B00TH EEK. new 3 L.o~,,...,,.. 214 bath. 2 cargarage~Eoch aide dorytdn5 marefhan 2.400sq,Jarefgefd IMnp area 7o see Call Raymond Young al 476.4450 a 476• .`'DSO, fhiaea la Seli .......... ............................. fast Sk1e ........................................S225.OD0 West 91de ........................................5235.000 CUSTOM, HAME'BELLYAGHE REgGE. 3,BI:q squareflaet, IndlYdes lour .,w..,,,,:..,t'~tUrp pod One-half bat h8, greenhouse, ahium lamily team, den. wakbhop/ski room, Iwo car garage. all with tog uHlmote In Nxury features and unsurpassed views ..... .::..:..:...:...........................5320.000 INTERVAL OWNERSHIP THE uJREN. WEEK 50. in atrra:tivB fop foot unit No. 4tG One bedroom. ana bath. fulryfumisfYed, r,eatgtl pea. ulTtlergrountl parking antl good baotion .......... . ..............55.100 THE rcxn+N of wacoO~IMEIRCI~ALJ veil. lndudes a General Slae, Post Offige, C•os Station. Hotel and CaWns. A unique oPpaduniFy with many paulMlllles }dr ezpansbn Fp mqe d6lrpils pod ppppinfm@nf !0 513D crynlacf Raymond Young, Terms AYVlloble 70 9udnled Buyeri ........5275.000 ' ~ • w ELBMaY0, lY80 V0.IL VILLAGE WEST FIgE I51 Noro r1aN. ma enacunpn orlM Nolesand J YIB B6M, isaWnra, BnddBlira'ryalM NOles lp PROTEDTION DI6IRICT E MB P,.cpaa6r ps,fweM IoIM prOy,iiMf orlM 1 Nple99«Maaa .:ornament she Inca Oreinante, aril pclian NO. IBBI E R SVpta+BOr6. Mreln tM TO.n q AMENDED PETTION named or w IelenYa Iq such prmisi0nahall be FOP CONSOLIp1T10N named 10,n0Ntl0 MylVCaeBe0roalnaTOwR COMES NOW each d the members of 1M w1191ner w enweaaeb w rot, All d the sppuiMltlre daiaalrona ana spend oa Dlletmra pI me shwa named nine ~ br « an Md 1 ana pmel 9nnauer'.rndlM rownconmmed ana ana'rnareld me anent pl am protecvon a~avnre trtrpagn Lawrence A Esxwiln, atwrnen and revreaem umplMCwd es ronpwa. '4 matrim, commraion, eumodry, t. Tne van ore Pm;ecvgn piHea er,a Ina mwmeety a gloat parson a venom « to whkh IMre shall be va'u visage weal Fire Prplea'oe pat"d are a h -Fire Praecr~pn patnrl" arpanizetl `e i a M a«.oraence wile law am bv e l T r ar ns p,mrlNp~a d c.qs az-rt Enrp,tyh 5 o uty p tM awn pl O Ito ueeesaan, n any, Ilwpwawaipn or 2-5.3<6 [t9i3f. a amen asp Ifw prazameenon Iwlnian for Yaen al eels aiatuae aeasarr « aPwovrlae in wrier m prigmally lens won ml. nanoudre ems w ~anv wen mvee.a n. anpwehans' eg'eampmn tar prpralena z. Tile t afp'esa~d platridB nave bonnparres wnicn maidenhraun perl,and ere and lmmgn'na E.cepl es Mrwn sa anpaleapnvaicelryrnat tneycan bepverelea .woaary wpvieaa. nplninv Mrein enecuvely aneeconpmwa+rysaanngm a~Mda. e Impimd le mtentletl or shall b0 3. This Perillpn Of COnSOatlellpn la signed by e IBr cool p 10 gne to any Br Ihan [M Town ana t11e Mrtlere ell mpmners I tM peelire Bpartla d pVecrors al Inn Yail Fira WOleclign a~slnCl antl Ilnle OS lM Nolen antllM muppn6 0l the Van yngg0 WBaI Flra Prpteclbn Olalrl C. 10rlainlnp, eH~rpnl. I rosily yy e 1. Tne namO At lne "eve coreoliealed dMldpt pnani ~Or BnpuMllp,a he'Bph All snail M "Veil Flre PrOtecllpn piekicl" nt9. s1lpuNlrpns, BamVeea and _ CUIOAO OE AVON 5, At this tim¢, w [m p pvemanle tp he a nerem mraainraM na nn bnhaf when ba for lne Sole ens eadu.me Pabicie ~. payee ~ secrenm da la euiaaa ae AVOW g ^ mnand. inalaeae . t anuape era ns ~dlowa'~wapenv may bb°a eegv'rea ae sane for PTOwn.entl any3wNwolaTY Ol lne Pubh5n0tl In The Yail Trail prFApri125, 1868 the mnbl'UaliOn 01 a new stellYn. All o1 lM aupMn. a9 eNl}bp had forth0 payment nl nicd RequAemenla d Mil Nona « ~ --~-~-w~~-~ ,mprpvemenn pµesently bwretl Iw each pf rnB eaitl drerricts ,II M mBmtelnetl by the cpna01i0alad tlielrld. nbmBatharepn eraMrwisaupan 9A6anaral asaRlPMname bouna riead ace apm«Ni~g mein issuance « •tlmanw or Irelrunwnl pedaininA Public Notice p rM new cpnsobaated tlialricl,aa Inev veal a=at omtanY lnd'witlual memMr,«any al Ina time of mnsaliOalrOn, with sulficrenl IMr event p! IM Town, pBat. 1 {d N, enMr snettly Or Indirectly NOTICE OF gPECIA! PUBLIC NEARING cBrlpinly es Ip enable a property owrer t0 Oelermina whether or rot nia prppPe S within Y~ CTa wn. ar dMrwvae. wbaner by Tuxtlay, April y8, 18$8 al 1.110 p.m. saitldlstdpl.'49BI t9dhonEahibil"A' IMChetl - " re Ii11nN9n SMIVIB wrV19011aw. ryipn«nytne enl0lcemenl of any ThB Town aonnph al the Town Of Vell Will eat for n ideraripn pl Iha lanOwinQG in herds end mesa a part herml. (Exhibit A Ilrretl t s lager aa9cri-litln d iM bqunaeneS alnenewwnadidentl eialria antl Rhorwiae. alk such gaDlley, if any, eaptanpa allM NOles en0aee I gars to Yell Village dVail LiOnsHae Icommarcfel GOre lentl COmmercin10pr0111, we9 publisnca in The Van Tnilpn Marcn21, 28, COnlitlerHlon d SMU ,nuance Brea antl reNasetl TnB Yeii Village Urhan Design Guide Pian Yh0 Vml LlonaHeatl Urban pasign Gu3da April {antl 11, 1900E. T. The names el tM Nu0 llecwn whd shell anon Ail en n MrslaOm taken i lent won In0 prpvalpn5 pl Ihrs PIThB }remewerk plan IOr Va'I V,IIe ge ana Veil mnal'tur0 [ha urSl Board of pireclare d tM lay Ina Town ar its olllcers. ana LipnsNeatl The goals erM polCiee Ipr ya'I `..Wage and navel Itlated erstritl with heir lerma Bat Y comp r opposite their names, ar0 as bn0wl. IM Town dvecled'. r 1, rowem rM Pooled, and YBII Lions Head. me archnecmral vuiaelirea lw 4a.. Wnege Robes walnal, dr. To nerve until IM 1961 regular biennial elecbpn. TowartllMaele antl tlelivpry OllhO rl pulppa0 ea.enetneaeme hereby e d Vail LiareNeatl Zoning enengas Ion Cammemial a0m l and Michael McGee - Tp sarya noel la Igtµ regular biennial elachpn. ~oprovea .na epMPmea. eommardal earn u 3 Mil hen Hoyt - Tp serve unrl IM 1981 Ile Sipp elutes. Pursuant o IM 'simile S,gllal Vre01 Puplie p4ricieN TO Wk OF VAIL ~ a ular biennial Mectlon. Willi Wil T r ~ 01 w11CI9 55 al utlB tt. Cal«eso Richard Caplan Town Manager am ra - p seru0 unhl the 1982 ~ regular biennal BlnmiO>, Iota 1914 aaemenlletl.the Maya Cl toll IMh N llh d i PUbll9hetl in Tne Vail Troll on Agri125 1980 oaOAh RUOiI To acne pntlla lnF 1982 r er a w , en n any olha0lmeeMNOlea vadelrva'edlp , -------- regular biennial eleclipn. he,lOf, Ina wdh IM Cebres° f eNte their manpal signaluraa rlpl The names of Iha five efeeton of the proposes diabml Ip comprisetM Ilrsl board nl (hem alder pain. using a euirabla a~ /~ P i Olreclom of the tlismid, d Or d antl tM a ass e slgnelure Cctliliute 1w Bala Ub ic Notice ,arm Ipr wnkch earn la 10 b l i s will M eel&m'~ed by Ina deators of Ina prpp-setl Irmpealeble. This Ordinance ie, INVITATION?O BIp tliabicl at the cans Ildatipn prganipahpnal mlllule,alegialallve measuregNhq ny 01ln¢kor¢a era'swetl thla MiCh961Tnra9nwili rtCdve b'tl9lar ellpheaes lection. pursuant la Tula 32. Article k Pen & CR.5, 1973. as emenlletl. . SnaH INldutp n irr r de Is n ntl Ih n ltl T n a} (gnahpatien a nixie, dwelling f pprpslmalely i,pp8 6p~ p teat la bP alt'6 n0100n1empMlCtl [iut there will be any e aw a a p er « 1hB NOIBe: antl this alQinanCO, buctetl on lal 164, Block 3, Filing I, In Eagqle~yeil Subdlvlakan Eagle Cpunly, eepensesln aonnedionwilh lhesepraceetlings enter Inan pablkcarian Bsppnaes, Pelinonen n0 yMidlpna of Seclipns lantlB n !soles are in rxlissuea,sMllbe Cororeso. anti) MBy 2. 1966. The unlls will be Ihree sloriea in fialghl and el basic resieenliai wnlmaNe8Cd9h depp3nlnllw amount of 356.08 with the Clerk ollM COUrt in lne avant an rrepe~feble Untillhe NaleS.a9 BrvicO gaoulr0menia, shwa ne luny wpotl dpnalracbpn. Rh gas nretl!lorces air nealinA. Prot' s 11 lorma al c ntrael a expenses are mcurree. and ill maFe dd0'liareal seposrt ar pasta bond, as provided ~Ibs antl tlnchargetl, as heron dOCUmPM9inclutlmgg plans and specriicationa Bra Oe at Sh oilice d Allen L pt' slntule.In the even) it ^ppnara that Bxpenae5 A11 readuli0n3 0r b laws orders , . gbtlar/ASSOpd1e5. I ~ 1000 LrOna gitlgo II be Incarrpa I eaceas a1 Ina afpr m n . , y , inenumenla palls thereoh Val! quo R g~ Op. 65tld 661ging~SWIG 3B, Vell, p e l~O~Ptl. narewith are hereby repBnletl l0 COIOrada81 S51IPhOnO 7&p3gtl Bntl maybe b l M d w.IEREFORE, your pallipners pray lnellM only n10Vpn i'IWhv9lenry. TMs ill npl pB parelruetl to revwe any nl te y axing 0 525,90 rllVndeble depreit fOr mph apt Obldine0 antl reiurndd In Gaud enter en Order cpnsolitlering the preaeni Vaii ore Protamipn pislriu ana the prefeM Veil i taw6 drat or soar Inelmmanl, a tonailipn wlydn +p days anon n,d date 'Micnagl rnrsaD reaprv a mer, nt Ip rri em a viveva west F,ra Praecb-n Dlamd to De - ° IN :.nolnm rv~eetl ~~ityN lpercr .eulro~ aubaaaipn . a ny v n was Er Ip wa,r- any mm,mnlilins ~ °eiaaaln own ea Inc vas Pire Pminuion Dialncl in e~ce won IM .PPe~aare slate alelmea ne orw n olnarand ro Or li r N fMD L alMr VBlon nr llW r,au Inn Wr.r 'wnsm bo Mla ep a . ppbllalleE In Tne Velr Troll pn Apdr A5 r980 ~' p c ra e a avr maytleem pro R per. nhruaele, tre ,nrenmty « l ~ a l ~ --- - ~ VAIL FIRE oi y l tlons f~bssclians P % p o ~ ~ R'rcnaartl CapON DSecrtt~erY aa c ea « Am re d uie Public Notice Polbin ai ~e i ~I l ,xy Oralnancw. as aamrrdnea In on ii S. +aeo Mreol. en enla[genry axials antl IN THE aISTRICi COUnT -------- 1 la eeemee necaasery IOr Ina ~d plabllcpmpwtr. ne91[h, wailers, safel (h r e tai tli O IN 4N0 FOp THE COUNTY OF EAGLE STATE OFCOiORABD ~~ y. , r e e « s nancB eclimrredulpEy ipenlnlr10euai0h CNB ACUOn Np. 80CY IN THE MATTER OF THE Y public Notice .JCEO, PASSED. AODPTEa. ORnANIZATION OF THE YAIL FIRE PROTECTION DISTRICT ) TD WHOM iT MAY CONCERN, tl APPROVEp akp ognegep I ONCE IN FULL Ihls 15th tlay dl ~ I Civil AcIIM N0. 1328 parnculeny 1 IM eremola or ton vas MemOpa,Nn gaGl6alipn piSllid O! EeAle Taxk OF VAIL ~ IN THE MATTER OF THE ~ cpuntr• cpmralm, NOTICE 36 HERE8Y GIVEN that en election rmalay E SIII« Mayo ORGANIZATION OF THE will M held on Tu9apay, Ina 6i=in day a May. antl ATTEBT: Otlllpan M. xllnB Town ClslN Pabllanad In The Yell Trail « Apnl 25, 198p Public Notice NOTICE OF gEGVLM MVNICIPAL ELECTION TpwN OF AY41E. CCLORApO IMY 6 1980 PUBLMUnK TI I ElecliongwilBlyM deltl ert~lhe 61~hutleV al May, 18E41n tM Town 01 Aron, Pilling place w14 he at Inn town Counc I Benenm~~N 9M1M Tawn pl Avon In tna Ise IS wilt M tl poop Canter, Avan,CaOracp pBn bdwwan IM hpYn o1 7',00 ens T~.00 gm. a Thpan Neetwe who am mliren5 pl lne Umlad Slaree, Of Ina Aga 01 e'ghlBrn net Yearaor veer, rip noun bevn r aidenls I Ida Sure d Colprndb. Ise DWMy d EaBb antl the Town of A.on Ipr 32 daY6 sal wemae,p91M01¢pt'On ana who na~t r>rpw duly regialevea aMU M Inlcd la talc al Inn regular Munkapal f NCtiwr Rpg,amred rot«. mar van for mree cauntn vmsena_ me rage cana,eara tern r,rlg mn st nr,mhar w w1e6 anal ne a m ea for a,r-na,. s. ae ronow~y` tr,rtew I mldne hove owl star btiea. B a~aldntea ur Hai peraam RitnB~ea caasanoy_ Wm,amtYWr,Omp! Davie, RpnarO J. '0. Hupn A Ian Pnce. Alva ,Mmes WNis ana Hahcrle wbrrder raOwnOel Arp«nt~a8 OYeI pr~iB80, Ina TOWk aF AvDN aMrlTOWnCen W blrsa0 M T9b 4BII Troll On ApM 2S, Ig80 ri 4 k n~is a; ~~~ .~ / REALTY WORLD WE'RE THE BEST A T WHAT WE DO. 1 J :~ ~ !. k .rr.:lrfelt. I~..a~^.r:~ iF~. . BULLOCK'S ARABIAN HORSE RANCH This is more than just a ranch; it is a gentleman's showplace. 52 acres with a 9,000 plus sq. ft. home, private 500 gallon gas tank, horse barns, breaking corrals and spectacular views? Call Vince Gingras 945.5471 i A AJBe3DE-3TB I -`~----- Vall NoflOnal Bank aulldlny Public NotlCe fa.0. Box 93~, Vatl. Cdaado 09667 +74u~ ay1EG PLJ6L1rA aE ELFCCION MUIEICIPAL OE iA CUIpAa Or AVOII. GOLORA00 ,' ~ • .~ `': ~' ' ~ $ ~ 7 ~ note noa~ - ry N o Q o ~opap.~°a~m O b ~ E. Q n ~ ~ m ~~4 Q ~ ~ ° ~' m °mo ooo~o~ O n ~ 4 Q ~ -~ n ~ w,~a~y~cof ~ O ~ g ~ a ~ ~ ~ a o'flsa~m~'n,~ ~ ~[1R O ~ d o o m o~n~3~m4~Q~ 111`"1 g o a~~~0.sbm VV a '~ ~ I ~ 'O ~ m n ~ncao'mQ~ ' 0 ~ ~ ~_~_ g .~ ~ Q. ~ na n ,e ~ r. ~ fl ~ ~ 7 3 g~~ ~g9-. ~ ~ 3 ~ ? b~~~~m4 r ~ ~ N 3gN6O~~~ D A o dap' 6o~~m ~ ° o g$ a~ N~~m oo n O `~ ~ ~ ,0 4 o g ~a°~9,~° ~ ° Z 6 ~ n '~ ~ '`~~3°o~mo 3 y/ 3 Q ~ 'p ~ ~:Z-~e~sT7Q~ K (~ If ~ N N Y g m m ~~, ~,Z a ~ ~ ~ ~ o a o°~°~o~ ~o o m I ~c ~~Wn~~~~ Q ~m ~ a m ~ i- ° ,~' cB m cro _ ~ ~ o Q'o.'m' 3~a m o `$ s o l n m~a`~o°ao$ 3 "~ r. 3_ o' J X (D 4 ~; if 0 -~ ~_ s:. a b • ~~ -+ C 6 n o n m n ~ U Q Q Q Q ,,, O C ~ O ~ O 0 ro Q{ Q ~ `C Q O ~~ o I o O ,q O m ~_~ C ~. 2 tT Q _' 7 Q ~ ~ o Q ~ ~ o ~ ~, cp ~r - 4 ~ c 7 }~ Q (p m` jV~1 ~ ~' c a D m - ~ s o ~ d ro t ~ ~ ~ ~ ~ ,o Q ,~ t ~ ! ~ ~~ _ [ I~ ~F C G ~ ~ 7 ~ Z ~ 3 { Q ro C ~ ~ ~ [ a ~, ~ m ~ O 0 ~ Q o c o. c ~ ~ ~~ n m ° ~ ~ ~ Q a Q a a ~ U Q ~ m Q Q Q C i ~ 7 -~+ Q C 00 0~-.~ ~tD ~ Q ~ 'C~ ~ Q ~ p ~D y ~ ~D ~ ~ . Q O °~~cnD~~~ro a°~ ° Q~- Z m ~ ~ - p~ c m o ~ -+ o o ~-..~g,oco~~ 'go~„ rooro V~] O n 3. o ~ ~, ~~QQ~~Qro~ O ~ O (~D ~ ( ~-ff~`~'~C~(~DCO-D ~ ~ O ^~ ~ ~ ~? 00 (p C ag ~ m ~ ~ C Q O~ ~~-~ `{ ~ ~ j, y O ~ ~ 3 ~ orom~~m~~Q m `~~ ~ o QcQ ~ ~cq~ Q ~, ~ o ~ °Qfl~Q~m° ~ O r ~ ~ Q ~ ~ Q~Q ~~-"'~ m y ~ ~ ~~ ~ ~ ~ n ~ ` F ~ ~ . Q Q~~ ~ V+ ~'~r O ~ (D ~ C,~`"CD~OQ.. ~.~ ~ ~ ' ~C (p ~ QO'~Q ~p Q ~D ~ ' ro ~ , ~ ~ ~ G CD O C ~~ ~~~~~~Orop W ~ ~ -~ g m~~ o ~~ ~;n~. Qy.Q~o~o~ n 0 6 ~~°~~roQO3 ° Z ~ ~ ~~~Q~O~~~' ~ ~ Q 3 ~~~3~Q~~ ~ Q _ . ~ o ~ fl~~°~a~o~ Q ~ Q~ O~ G ^.. C ~ ro ro ~ cod `.'cam ~o~ ~ a ~ O ~ a ~C uro Q (p C~~ ro~:oQQ~Qam 3 • ` ':v f ^ • :,J - eE IT aROAINFa BY THETOwN COUNCIL OF THE TOWhI OY VAIL.COLOfl AD0,7HAT', -.; able) d AmerfCL panleeq py. mp Ilniled IM Rgeal aY site ITI fraraa yBar: the Iw,Np 11~I IN apps rpl,nalpdem GNBnm~tltlFl!nnc,nq On qN Stmt daV OlJYruvy mpnY. -li lnnl t ~ n al A,vy atrowalu; y n d0 of l ppm i,er al ~ ch yl0ndm yea a aucX h A pa I 1 nr ~ wnrer twwy. I+pl mpnrn parw,tl m maXy npn< m IOlima an aearpnptttl b tM T p1O"AnY:aumu~l y awn GOUncil of Ihn r1aCEl Yenr AI IM Town r,pl,Camenla: 161 OrwaPrgeer aavenpss lEl Abincam,,il E I (IY) ANY IBIervea arapau dfne Pro "Y~ lOm nlel, IBaa.Iplla,,entala Entleeraegn d any cpmmneli0n In l Ivl Any agpWpnc eme fpr lhp tempea M P•Wesgn rdrnnhetl by, with Pr from IM uap pl Nptoa, Or IM wym nyP'q~l. end lb}all lnppme pr plhx gain. ll enY IlWaftmert of a IYIy My liebililiai r prpyem0n161 = fOri P plept NevenWa fa)) Mayor; Tne da jute or do laclp Mpyor pr ne PrgMt Or enY i IV+,I AnY other 9 baaM IM Tawn or nla m nor eutteeea in rvl,cNOns IM l pn conhaat 1151 Ordmanrs' la o a All arpaS Arq'scl B 19n p~ Fret FO , Serrea PI lgkp, pl II rp lbaVenae da R Y Imn~~ Ner d eduction pl a t n ' co BBq NVIea ~n pare lOneM Melnte ence fvpp~~ IYYI Nabs a sIdea May 1 18ep Nplee Tr . la u l jp tll ja j~ I o . . e nobs Itlued hercutrtler end esErpna[ed as Ih0 p i a O, n Wi j sBfl d O l rmlw &rmslM.° °IL°fa eo: m wrMern+ i ieo r gne e Nlgel a Y wrlicuiu apse . g l Y l . Inel~ epgregYppdnripYemoun[ncl lpexc,py inner ~EgYigna i . saeraypan bur er.ooq, nTINO[aFUnd:TneaMCiall~ndcreale4p SeClfop eC hefph Y ~ ea pt theldlpwml 171 Arty Note ord (171 OMipEnpn b abli7pl'rpn! Yd,an used wlin tM Tpwn, MIhO Pe M Tavm a Mnalf i la eronce Ip abllgallpna d she Tawn any rrenl, bond, no10.10aae a plMr InYrumant , y 1 l AO n n, m wh0lever Iprm br bBY nmyr0, ir,pludinp b5 11e l F I e Taw . IPI An Npfe or of end ehprl term lr e o ro p y rCr^h0 WYment a ogl s p lae T wn leiVed as entarpd lnlp by ine Tbwn.pr anyplnprevnl I ~ encp bi the eW anmmOM of money IP the Tpwn 101 , Ip Speymanlm Or In I l l the pyrCnpfe, tlellVary, bpa9'er lna wppl reY . a n mea on. remlyms due in W P Onra~etl to peY mOpOYpprpnparbdp5 p<rdpne o M y nacel YNI, mgxdJeaz of whpthar any such retlnmptl , del0lhe peBn tla osll tl i oDllgpllew is Ienewabl5 aYGncellaple In any rWn N i p e n m gook for bat pun m r, Prw Y tletl toss pamonel AreparlY ay M acaYlrea b h regWretl W aBCirpn y enY suc OWlgelron pnd prpybatl that ine term OdlgY,pn alWEexalude [tl] AnY Iosl, wnonglully Lken N~ enyab111N11oRrpgUNed to bapeid,n Whotaorin perl.rrpm lpeClpleawsf meMl Inp T ( IM TOwnIn NBV DID pwn land Yana}er!!%q lpelPut mrl,e $aMTex wMCn+a anOlhar ng10 a, t C e n d a n n01 WII. In Ina term 5a1e1 Tex RWBnapS ee delined~rem r a avac a e d Ord,nenca. 1111 Operation antl MaiMtlnanw Fxpena0e: 11]1 PerYMg fe Bontla araeneral of In the [vent Ine( Ine yawn nu any a,baz Prp ec! .RpVenVn: such eagn W eutltprlrea by Inp e ~ a S antl ec IEYy CurlBnl upm,E51 d IM Tpwn, paid Sapp pwbuent toe lawn on Nwembe dr accfuetl, I pPerehnp. mnlalnm9 d er l e re F P a ~ $arllpn U herept, m f~e y I he TOWn Cou nc li :ne ine ie mrr YI^^ w 1181 Park,npp Fpi flevenua Banda: TI Ihn Town Cpunpa'a ~~tipn, eapepy aB pmrled D Cpnu l Town far tna proyac eG Y 0l Olhe, nmltOp aY law. wilnpyl limitingg rM paneraply OllM lweip{nq' L 'ia p0yyrn A enl Opnver, Wlaatlo,i 'al pel an0 avwMad axppn5pe of 1M boa g0parlntenb pl 1hp Tpwn tllrecnV ~H Tpwn Ipr Inp ea me P Y eud d r wrual~ eirouge Ip [Im edminlal { alipn pl[M Prgecl; rpjeCb The Vy [ InslYlabon ana eq~ Pu Ninp laeillly Wr' Q B Y p~ apE ~W mnainl l e n p r p ^~alnpr wnh au ip p w e ra e ppna ell0eeale ,hue pl ! prgnlym o} an blanket Y dAP!,rtenanl grope, b nd p0lige p4rtelnaspvlq tna % oeclx equ-0menl Intl me Fbtq ere issued an ' • go pe[ IeYd rncrn lZ ~ l Cave Heath Dept ~eel~s Nurses ne m a r py,~ p°~a . ssBO Ixai i. The Colorado De rlmeni of Pa school program with Tills 1 1]geabaTeY ~d~n.~a a na R : Health naeds nurses, but not [or federal Junds- e l ra h l b i E ffi a p r n at ml I ' ~ R . a ~° - s p ~o . p y r a n n ce o ces - . Tha Title 1 nJtses to IYe hired ~- ' a ~'. '.e Te'" ' f ~' ~ '~ ' with extlxlsl4e beneflt6 and long• try the Hralth~ IIeparunent wtU' ' ~ ' ~ - - term career poaslbBlUe~. ' each CoaT7finate•a Eleaith Feam No. The lobs are short-term including a,nutrhionist, a dental tiwo and a half to teur'monthel. hygienist and a medical, dental; the wages are Eow [i800 to $9aa a nurliing end child health ,- month( and the bene[ila cannot assnl:iate student. be described In terms of 'Each school has one health irrsurancepackagesandvacatian team whleFi hies to work In as ' '~Ys• much beellh care ds possible in The Saba, do, however, offer theshbrt time the children are in outstanding personal .and the school. The nurse must profesalanal experiences ]n coordinate the health program .interesting settings aratirai the closeiy.wilh the migrant sdtool elate, For nurses interested to director, principal and outreach .F, . , improving the hearth care oh- workers. The cutreaeh workers -~'- -migrant children and adults, visit the migrant families and The nurses should be sign up the children for the day reglslered tit Colorado, have care care, He`adstart programs ar the and be wilting. to relocate inane summer school depending on o[ l4 sites including the eastern their ages. - plants of Colorado, the &an Luis Valley, the'Arkanaas Yagey.and Al the bsgintpng of the school the Fort LBpton-Greeley area, term, the hoalth workers make PubiiC health experience end upaschedufelliprovtdethpkinds ~ knaw[edge of Spanish are offollow•upeareindicatedbythe .preferred, screenlirg, taking the children is - About 45 nurse or nurse dentist#, optametriata or practiticnera writ be hirod by phyaiclaris, according to (belt -_ '~ 11tay 1 as part a! the Migrant »eede. ~ , Health Prageam which wilt star( Thanurses ere also responsible - ., 'aroundSune'1,accordingioChrfa !or adult health care and hold Herrera, nurse consultant to the specie[' clinics For the farm program al the Colorado workers at night and sometimes bepartmenl of Health 'and an weekends, when life parents general nuesing consultant for are In 'from the fields. six countira in wesf contra] - Colorado. An orletitation for the Each summer Ehs Gblorado 'approximately Irtp people who Ilopartment of Educstlon will be .involved in the Migrant provides schools for life flilgrant Health Program will 17e held children, and Contracts w]th ttte dune4$inDenver,onihecullure Migrant Health Section oT the andlltentyleolthemigranHabor I Health Department to provide torce as well at1 an overview of !hc health oortlon of the attmmer the program, MANOR SAIL STUDIO Assumable 196 loan Tap Door, corner, t4 ry. high windows. and lull'baicorry t~dno ski elopes (Bldg. E. 1970 . spddout aving space. divides mro two areas, sleeps 7. ~ndoameniuet Include ovmelWp in 2 gaols, jacur.YJ, $atfna; and Lord laorla restaurant Ak! b 2 Wls and 9 tennis eoluu. ~ttce0ent rental history. $17I,tSOD. Hy t~wrter -Can 8e Shown 3telctteri A14.113.3191 (aftfe.>' . V..r , 414•~1i7~67~lB (Iwn~ry . ^. .. _ . [al prConlr elwl Cps. le bnal~ pl Ine blin u'-• • a y , ~ a ~ Y ~ The Yaif Trai! -April 25, 1980 all ti- embbtreua.exper,ae.,.na sdalnlnp lO PlObet: InaSrdowmanoprrwtl.«.nywopla,rHnbw Iavbonaflre gn.rhBO. ragnlwea elxloram :urMprn lnB CUlbciron of all a dmanla llwrepl. Ihe'Tpwn, duly CnilOd and heltlpn TVpBdBy. the 1e51651K Taxflavenup:The h 1f }!h TgtpdS WN ~ ~ arpaa pmtapl Reyenyea. NlitY aervmp5lVfnIYMd10 arw- y 1 a e wember, Iglg,rn ecrordanrswnh rasa raroipm poneetad W ens rows Irom ne few ens pwsuam td duo n lice, Ihere wza 9, b Tawn pr dhervna0, N aba Tak eulhoriaed pY Ordinance Nb 11, aubmillad 10 the eleptprf 61 Shp Tgwn 1Mp aedee pl IBY3 } n T } aaamtvnance Expenus" , o I e dlp0ing gVOalipn'. own, y amOndBd, tlevotea IO and specil'relly earmarked by sold " star tleprepiENOn; $ppp She Town of Vea. Cplpredp, be ar0ine"ce NO. ll forlnBpwppemrealastela rnoruep [0, e s e its n gotta Dle aaq ulsition End f rn IBIOBI In s 01 f0aonelrucNlpn, I , or e ecq Ullil io R, general pbligaliVn bantla In One am,ee Irucnpn and equlppinq Of bulld,npe and beanng e k ' Wm, pr beuarrnpniv, .lion pl reperves fpr p.piw 0 l c l m09 of fns Town pr mar pnaggregete prluigalynovntrmlo REl Tdwn Tna Tawn 01 van. Gdpraeo exceed fT,oyd.puo a xp m"ur rnereol n may la pperpllPR mElnlenanl's, fr]I town ClerN'Tnl Be yrepr dB lBCIp TOWn be nemaary, fpr lha purpose of tleHewap. In ~ 010 f is part, ine roil 01 ecquirrnq Clerk W Inp Town m Ma or her succ a y seat: , p ap In lunn'wns. it any. Irucnnq. ma<Ylbg .nd wwppbg, rim. for ine redemplipn OflM and d an Inreraslr Wbl,cprNm^lec,blY~lnrn entlfor w,tl lawn, [eB) Tpwn Council: Tne Tpwq Council of Ehe o mner wi l y MY90 n. Ir,SUrretl m Ih0 o0qunlupn p Bd assneryL lnc,tlental Eno T n p cry auccb m Wrmliona Iherel0- appurbnant n row lee, s urp, lacrlillea. 8 C e epropediae cpmpdainq . onelrumipn- Tina prdinencB. BacOpt equ,pmenl a d I5. SUan 1»nd! ro bear wnere the apnl f b l np0"seraph n ex y c ear impliaapon nerain latest alemaximum net ellapliyeinle,eat rare ' harwb0 Yagmree shell p0 mund pl legal Irebibly not , cpnal,uad as npl BxCeetlinq 5q percent per annum, an010 }dIOWa l i ll Thla ONlnancB No 1a ure aer a y tlurinq a permnpl nm more ben Ill Wprtla In mO Eingalar numbOrlnaroe0llra aoyeare lromthB patOUneapedlvedateipl the . , O Town. whrcn prprtlealm P1Urpl, antl wattle in the plural Inclutle the bonne, loan iwnes to be payable }ram panBral arr I ,livery d the 60NBE MeY 1, pj YYOrtlb in the masculine a0 v tram Ipxes and Iher lands legally IY gendM rnaWde av IlsDle Ihere}or antl S h b d t D Of ovlelendlnp: N'han uaetl , uc on s o e sold the lemmrna a tl the neuter, antl when the tnd ifsuetlypn0ume or lromlime to lime,m l 1M Nolen p say dlher Eena9 ao lndiea OE words ql ills neuter gantlar goon manner d ampunl5 end pan such ,star tp an entler one OI lhB Town ends pl aH Ihn Nolen or anV such y g . termsantlwndalonaes the Tawn COUnpll may [3l Artr[lea, ectipna, Bubaecllprts, later tlale,min B, rnclud'rng p,pviaipna 1pr tn0 ma r M tl b enY man er thOrBrO}are n p ap an au paragrapha manlionetl by ree0mpiion W bonds prior to malnM1ty upon number, lrallaf Or Wherw se eprrea pne l01n0 d ~R eaepplae antl tlellveeed. . , p aymenl apremium not eviceetling3pareent peallya arllcles, aaptionA 9vbaeCl,one Ithe rinci llnereplY" er ObnpaNOn uncMbe ~Y i , p g ppa5ffagrapha antl pVpperagorepha M Ihia - Aa eviaeu-pd by lhB Canyazsol lhBretumf p! artllnanee 50 number00 r OtnerW,aa 6 " r lsp Apenl, Or ptnerwiseon It Or b010.0 aucn dale; a tlnl noted, rho Npvmeber N, lp]9 el0cti0n, mp,0 than a tartl mlhe efecmr6 m th {e~ Th T ti ' ,efObfigellpnheltl Mygrgn y e awn vo ng on e lillaz anp heatlbnee appl retl Ip nkles apgion9 d eubseel,pne m thin a,e gppalbn i01 Ipnh ebpve vmad in IavOr d iBf h P her ppllganOn pllhe Town mng • arNrng FBCII,IY General Ordinance ere ineertetl gory ea e m Iter of OLligarion Bonrh, POnvonl.nce and ease In r f the rrp0mpilon 01 which titles eu }bient l0 m001 ¢ ¢rance ana in m way Oeline, pr limit the aoppe or ini0nl pl, any p- Mahm CCntlalpns: Avlhority TO IaHra ~ gWrementapl lh0 ptlnclpal Prov,abn9 of this Ordinanc0 hkales, Neceaz,ty. pus to me gener0l caMRipn 1 Ih I end any p,Or redarrrpllan 0 png-term mnnic,pel band markM, the 9LMTION 2 RFCITAL$, Aa TNORITY; Tpwn ie npl abrranlly able to 'esua an0 SaH na tla[epl lmalmin Or N EIAONpat b Y ~ a a l g g y reel. shall havstnaxtnbn m er 20, 1q]B, EIBCIIOM1 Ata epeeist 6ar ida ale maxim m nel ll eel velnl eb az l nle -pn anEll here ~~unuam m IMs uY npllggal^pn MB'Theb ba ne Town ip M .bon held rn the fl9 sal }Wlh in up apM9 r 1bOnda or ine nkgl a¢nvm, 't ero' ant pl IM nalruc~ror>. . a, w g .r'~` ncleomE+ end raB, lecilitrea. hx som Is110 ppprpnOn antl elcor°a°;POSes, p y, In ' tae, it Bnv al mod arealec nr. Tnv w 'S'HE PRINTERY , AT/ VAIL, LTD. r ~, . ~~ ' ~ Providing ~ "= .f~~e Vail area ~'it~ ~`lity printing ~' ~- -since 1972 a _;= ~ndstone I& stage kid. :a,1;.: _ .. - -. 478-24,48 a .' Featured Listings: LuxurEous Eagle-Vail Fairway Townhome--This beautiful three bedroom, three antl one-half bath townhome is located right on the 14th fairway on the Eagle-Pail Goli Course. Exceptional features include two fireplaces, vaulted ceil- ings, oak cabinets throughout, rotlwood decks and sitling. .........................'....,............... $215,000 The Biggest and the Bestl -This oxquisite Fallridge Unit p2it3 has the largest and most tlesirable two bedroom, two bath floor plan in the complex, 1, 231 sq. it.Owneriinancing Is available as follows: 25%down, 70'/.90 interest perannum fi rat yea Y, 92Y% per annum second antl thirtl years On a three year Installment Land Gvniracl, t% loan origination tee, interest only payments for 36 mpmhs, no prepayment penalty. Just back on the market ....... ,; , , , $215,OOp More for Your Money -Eagle-Pail duplex -three bedroom, two baths, fireplace and garage. This snit has a breathtaking view to the south with lots of sun antl is being sofa partially tarnished . .................................. $169,500 Chalet 8 Rental Income -Both units in a West Varl duplex with unobstructed views, 1/3 acre on sunny side of hilt. Re4ently remodeletl to include balconies, sky lights, bay .windows, new Carpet antl beautiful all new kitchens with oak cabinets. Two bedrooms, one bath per unit. Two brick fireplaces plus basement . ................... $220,000 Avon Canter et Beaver Creek -Call today to get in on the grp.und NooT in this exciting new area. An exceptional con- cept inthe middle of all that's happening. You won't h9ve to say "shoulder coulda, wvukda" again( Theta properttst eomprlw only pert M aurfittingt. pfeaee cenhG our offke for all your rent gtraTe peetls. 4 L- IYbanber ~•vala BoEM m Re.rml: • end °vwu Modulate Lblina sempl»^ . .. ~ .., Public Notice °I`iwNi« INtNa u . - 32 Thr• Vcf! Trail - x1126, 1980 , ~~ BRRON D. BROWN asn~ t:srars 478-2211 Skiing, Tennis, Goif Swimming LHeraily At Your Front Doorl This four floor townhouse has outstanding views, 8 full bedrooms, Sh baths, private - elavator, garage, finished attic, a loft, • ~~~ ~ and much, much mare,.. The construction and finish work in this unlit ere the finest avahable...,,,.5860,000 ~. ' one of a kind uini~s w~,th a once in a lifetime -financing opportunity.., Just (ivc minutes west of Veil's gondola, fat:irtg Gore Creek, these exceptional unite are note offemd with equal opportunity for finan- cing to both tpretgrl and domes#Ic buyers. • 1,734 square feet of gracious [ivtn apace, plus a private, attaohecE an~ heated one Car garage. • Three bedlnofTla, two and one-half baths Include a master bedroom sulLe rvE[h Its Otvi'r sauna. • $hpw unit avaitable for your inapectlon. + Large fireplace. • 2 private baloonlea. • Beamed, vaulted ceilings. - • F'lnaneing available. trot fr{formaNoaon thLs open ((sting , ' 1 please contact the real estate agent of your choice. z 388lVai1, Colorado 81657 476-2100 ar 926.3983 ,a.--- . _ _ y, • • wauch b feel Bun p pWl 1e 1p percent px ~o rwl a,F ngvawwr al 9energl prCUlalwn Ortlinancn, Mnum, RB aptMrirep try the Neciois WrBUdnl 10Ihf N l tl ^ Near YOfY, Flew York sne in a nmvapeper of gane.al C'rcnlnliun in Denver C l 101 Fprm v! Bearer NptBB ahtl CCUpona gn ee aenbetlm SBCI'Oa 7A Hereon. 111 a[eatlancB wrth AR'CN KK 9 i , n aad0 e.,cn pnblrcelions heap net kas than lhrtt 1301 tl ~ $ublec[ Ip IM provifi0na vl Inis I)remanG. . xt on BpflM C,dpatl0 CpnIBIVlidn, m a rglerBdO flume y aYS nrgr t0 Ina rddgmphpn tlate npec'hetl ,n eacn eacn Mater rTple. and Ina rprrpOna tp M a1laCgetl IMmlp spell ids in 9 b t l ll le lawn and In Wrawnte of Na pgrBra dBa ~tiCe. dOdbyaentliRg aCOpy Wauch npliuby l' li - u s an u y IM Ippow'ngrOrm. wrtliaucnemya'MS inaedipns Mmarure cnertmlmvn.lMTOrtn aevliwnxed e'ebW antl sNl the NOlpl antl pletlge the Net P R ' ci r etl or reggleretl Sust-Clala, ppalaga pePe'0m41.al least lhnty (307tlayb pnCrtplM l ' tl . , ¢ntlwaemenla. antl vw'al'Ona as to rec,IdI801 bc[pr olror prpv,a'One ae may M,eeuired pj RgM evamp 19IM p~menl pt lhe mtBreBl IM NOlea and IM emv lon Cale, to tna MltlBra of eacn o11M IetleBmetl 11 In s bN^ ~ IM tucvnplancea antl as may pe requited or preCeetlf OI Ina -a•NmY Fseeay GanerN OOI BI'vn B otl a nemeB and A a anr eeaBg m eacn Mltlera are re 'lleretl a p¢rmnletl d mb Ortl'nence, eM ax may M Upg o e p Na Parxmp Facility Bs i3onda up0a g reCar'1ed iln iM Paying ggent for Ihis ecnsary ApOrvpriele tp contarm le Iha 1 anp r0pv,remenis of any gpernmental NfWnda. sale and dBlwerydeA'tl 00htla lplM a menl I IM l Purpose. the Mltlgl vl anY Darer yJalB mdY BI ^Y bm 1 rniah rib n aVlnbntYatO anY uaagB prpuvemenl of few y O pnnapal p Bnd mlaraal On Ina lnpl(6 Tna Tern Cdur,cn tloes nepbV ame ann aee,ea Ip Ina Pun~np AO ent mbes fl me aNOl sp l t M vniR rrapem InerotO- tlnermine loll n is rleceaavy sne m Ina heal -hlarpla of Iha Town and me InMDilanta ' ~ p e so lo b e mtleemee anp Inn Gale hxetl lp mdem phvn. fFgrm pl NOfe) UNITED $TgTFS OF AMERICA Inereplthat;M N019am aprincapelamWMlgt Bntl shall lurlher elate lndi On the raCem pnon Cale there wnl I STATE OF LOLORAgO ekCaetl'n9 BY.000.0W be n w iiBUetl n Ccortlance w1 IM pr0ugww 1 this B svcOme antl wdl oa eu and payabl6 upon eacn N019 aotpro red¢lrtgdthe COUNTY OF EAGLE Ortlmance, In prier iq hdanca lM COaI OI the PreleCl. 10 pledge l0 lM payment Of 1M -^"c'pal amount lnereolpibBdny premiumdue nntl a[cmetl inlerBal on Bald pnnmpai emaum TOWN OF'vAIL LONSTPUCiION LOAN NOTE principal el anp inleresf on tro NOtBS IM eel ppceatla d IM Parking FacrlilY Ganefel w me rcOBmplign tlale, antl lhal Irpm antl seise Bl'Cn dale lnteiea[ will ceabP Ip scope, Any SERIES 51380 hb ~ : ' pph9alrpn SMda d IM PerNing FYCeny Revenue Bonds. it end wron,aaued. acltl and Nolp reeeematl pose lp Ihmr malurtly py C211 101 poor rptlempllpn pOlMiwiaeandn nplM Tr'^TOwn p}Vail, in lea COUnry aEagle. antl tlehvaiad by IM Town. arw [o pletlge to Ina reaayBd end snail M rancmlBtl the same ffi $lele 1 Eplpraeo 11nB Town,, fm ualug yyeyment el 1M mtarest m Inn Np1es Ina Nei Project Revenu®antlm rquB^dnl d t Nptn paitl at or altar marvnly, y'^9 Ag rnl The Ogel B i'' P recei tl, heresy pam'aea to pay the Insane. hvreol sClCly horn lM apttial l r'dB an agree o xcMngs maturBe, Dpl Heald. NOtea for a erwce $° ""e nls of the NOlea ahan be pnyabkm S . p prwiCeO nprelur.as Mreinalter e9110Uh, pnlhe lsl day Perunp FaclufyRwemie Bantle in eccOrdance wlm Section BG aereof. n ul moony of me Uniletl Stiles of Ame.,sa vdmW l dBtluc[ign Ipr exchange Or Cdlleclrpn' of May. 1802, the principal sum of THOUSAND OO~IJIpS C. Emerpncy Orsnnmlce. In accdrdarlCe n r9ea at Canvas Bank pl Dmver, Benver, O l ntl to pay Sofel hpm sale aPemal tunes n $eC110n a 11 p! IM Lnenm, tM 70wn Ceurcil Mraby lintls anp dBierminea ae s patl0. which 'B ne BbY Msignaletl Fro P Y A9enl far Ina Notes. ] i! t a Inlere5i therewn weenCed by Inlaresl po w ne hemp audphBtl, al IM ralaoi ar lalown Itl T»BI talBra ie n nastl l0 construct the d xecuupn and oel,yery. Tna Notes enau be executes in m0 name antl on Mhall M IM ; n p n I a.l par annpm hqm racy 1, lees. m M pn ea in hmeler use for lha P 0 o F~ Townwiln lee lacaimilaeignaturBpl thg Mayor. By 1. 1982, except Ii rapBBmed prior Inerelp, payable NOYBmbBr 1 1900 BB .81 e ~6 bepauae all pl}-sraBl y BhBn MeralacaimilegNMBPelplme ]ownand , , end umiannudlly MreaNBr On Ilia Brat tlay of Ma antl the fin l parxinp ave'l bls m M Town During 1M IB7&ap ski h ~allMa~re~ted ley ton manual signaluroellM Town Clary 0nd ea f in h be y a day bl November of BdCh year. u swan aeE00n Illfetl Ip 11s c pxh^ eacn weakentl dunn9lM ski aeaetln . c o s arer NOle9 anal{ nave auemad meretglqur Sal inlerealcppPOns a entalion ens 6vnender of inia NOq end ie cmupp"e as mar xyeiany Become due u antl v CB Inc fecone waekentl of January. 1Ba0 O BVe itl E l 'm ~~IGev~hnal elrelllahe Hum ®~uetl pal ~he~Mtayea . pOn presentalgn a1 malprily payment pl 1Ns . ~ ry a u ay, gal spntleya end dmg k daY1. 1dg le a00 Cara have been ' }ram one EU 1o lq.r [a7 When psuedffialoresap ! be as ertB th t n Nole i„not matla d9 herein prnirktl 0' the ap Oo Hanged Ihis Nvla for Is T°Wn ll@g dy pBrk'ap along 1M Tpwna Nlghwey 6pala i p mer no es. I n coo O^a enrol be e P the lawful plntlin i g Y -d'krn Facilil Revenue Bond pr Bontls pa raae.cwe npadangproua petlealnen end venicle conge6letl CpnAllpn aeon's neaue g prom ses antlON,Aalgnam IM Tpwn according 1o their ,mDM aeninn Eachanyetl Reuenpa Bpndsl as prow Cetl h i y Ir pr,p,p nighwaY. , g the pe 3~m nl I lnlerpl BS ll beWmea tlirt n ere n, lnrerest shall continue a1 tM role real mPBbigneted Herein unlillhp p~nc'pal Neieof IYi Thal dun lpwealher 00~d,1'ens my Town has a very hmrteq COrlatr bh tl nall,re aY OIIlCCr whvsv manuals laCBimile y g ppear6 en foe Nptea or an intereal i9 peitlin fullqun1111nC TUwn aoexchangen it9 u pn Hassan and in eider lgeomplplBlhB RO ael Oylhe /900-Bt Bki y c aeons Ptidched ihnrnlp cease Ip De eacn IC Exchange Revenva Bontl ar Bonds lOr ~his N l U Inisp,, the Town m I pOmmBnCB the gII,CB. belcle tlelivery of Inp Nvtos l0 1n h p O, Tan. nnln.l.u ~..,.,....... e...-_.._~..~__. cenetruellplmrM PrptpCl in Rpril, 1g80. Wrenea9e, ouch manual or fecsimdB Signelure . PI Thal IM Tpwn naa anlarp IntocontreClB snail wverlMlass M vali0 antl 9uliiciertl101 alt far P,e Prgect under w n COnlrecle Wrppsas. euMlartllal a al mpnav la a presently payeDh Ortluar011B peed wllnln Ina next lnirty ahB Mayor anO the Tgwn ClCrk are Mreby l idata eulnpriaed and eiredl¢d to prepare anp t0 f 1 TMI the Town xed5 10 ia6u6. sNl antl cwC the Nales accmtlencB wish the d iv IM NOtmulne glmhaaei ax GOOn as regpirBmenta pt foie Ordinance Bndpursuanl to ppseibta in preen to pay lee ampunb payagB the note ppurchase egreemanl aul Mrizad by ynpal loch CpnDBCle antl In peer 10 Br0id any Seclipn 3B npll0l, When lM NOlea Nyl been delays In Iha aeMtlulB p1 Cpn9lrucl{pn of ins dui eexecutetl aneavitl.lheellicpisellne YOwn PrP1M rpwMd IM d Thal fM dangBrgv9 h°naee te.and snail, tlelwar ml NOles to Ctlp'IfOna MaplLM above mdyM eliminetetl the Purchaser x rece,pl pl iM agreed tlutlnp the/000-Bt ahi yBaapn end lee cllkena purchase price, I Yau may MCe'vs the benela al maincreaBetl (01 Ne9ollabla Inalrunrenls. Title r0 any Auduc olio, fel¢ly anp cpnven10dCa pearar Nola snail pees bytlellvvey merely. ass pvgduceC bylM -}OfM atlM Baralst pasaiblB nBgplieble inalrument pBydtlle io G&er. I"ce~ Su eecl l0 the Prmiewna evpreulY mntla p Iyl rnel,mlrlepgnipn allM TOwnCWncii. nec saarny imphed herein, me dearer Nolp Ipr IM reasons 6R IORa ,n -era0raphs II) anBU befalls negollably end snail have allfM thrPpO^ IBI m Ihis $eciwn RC, an amergeAtly Tualities m n09Clieble paper wlihin Inc exNla mdtna Ordnance ReBemetl necessary eamng antl lp. nli lne purposes ql lnvBBtment Ia.tM prBBBmatipn 0l apbkc pl0plny, hen%h, secbhhe9 antler Ilse previsi0nb al I 1 al welfare, p¢aa aM salelY. wpcle 0 0l fills a pop.dtl0 RenseC STelums Ra aIBO eat }pin Vn $ephbn X hereof. Ihis 191J, a amended. the Onllorm Cgmme.xaal marpenCY Orgmance shall uke CIIaCI Cpge-sMveslmenl $eCUmias. d'ntleach hWMr emmetl'nlely plwn nainlrnO,:c nand passag¢ Or npltler6 oflnq nBarrr Hefei. bvacceplinglro SECTION 1 SALE Oi NOTES- acme, shall be Conclusively seemed l0 have A Naoessiry pl -IOlecl antl Isewnca of egfeed Ihal Ina Meter NOleS, x pt ffi Nalea. It is "pCanFy and fp mebea[inmrBBiB alMrwiae pweuldBO. ern end Shall M fairy BI Ind Tbwn entllM mnabil~nts tnerepf lhBi the ^egoliable iron [he mean g sne }pr dq Town acv Ire 1M PreIM anp tlelray al>or a eau ap°SBe DI Inreatment seta NNO~,pursuanl to wlionallMwNrellMl'YptBCl bybwlgAlM etBIVIe. e, Outslaneal Dasboyetl s .Texan Nprea parry B, Award MBelI TM1ePUrchesar Naa rdlai.dl 9 Nvtt hall become Oal. charges, o i of Ina Special footle apecllip,ud,s npl atMrwise, di yyk I Danyer.'In Denser. cDlpr,dp ll A`tle Diu upon payenlehon tl camB dvepne andlnis Noleffithay f a"d the MOlesgf In0 spies m whlcn ere ietleemeele BI the option OI the B pnncrpal amount °! eacn Nvle~so 1 etl irtbrpst Ihelwn Iv the Iz tlate~ pW3 a premium of OnB per vl^aspch principal amppnl. hall to mane Upen not less that ease' prier 1sClice by IwbnedLOn Of r si least ow 11J Nma in Tha Bond - Isnetl in NPw Ycrk. New York sod in r POBt -pblisnetl in DOnver. 1 then in bwinasa Batl puNishing, - . Ithvn Inl arculallpn iniaaw seek e a fora n v genera nn DenuerwBC~abrae0, eacn Ming dot less than IninY {3g} days edempllOn tlete apedihed in bpch by sentlingac°py ersuch notice by r registered li 1-cbss. poalege I I Bl least miiry l]0}daya priprfolhe - tl ale. to Ehe hgleer~m each al tM b rvtlwlmetl. B r n e. aOtl ,..~,. ucn o sera are-reg~sferee or ~ ~; nos aymg APpm For mla a Iglder 01 Bpe bearer Ngte may BI na sne address m mB 1 Buchan hce snail specify Ina moans of Ih0 N91es 10 be and ins tlala fizetl for re~mptign, wni oe~olrgnelhe;tn wll'ii lien eparr°te eacn Nate ao Ip ce mdeemed Ina m tnereal was anypiemium tlpe f mlervst pn saitl pnnci0dl ampunl I alias[ wdllecease tOlacc uentl Aker ~'a env pl B series Isspea m the tlncipal ameunl 01 F b Counril p1 the Town OI VaY ring pareses 0l prpvgmplannci" Tevanwjpplglhe kwhM1rall illy esBiva n B a Mbl CI IhB Tarn oDllggign OOntla authorize, ' Bny can titutignal, slattern pl Ina Town ai sliena. that the Md~~a November 20, tBpB, for pr m part from General ObLaahpn Bandar 01 1M and thq INVESTMENT PROPERTY FOR SALE) EXCHANGE BY OWNER Vail c'nlrxnr~: Landmark Townhouse. 1 bedroom. 1 bate, well to wall carpet, velvet draperies, foil wall paper, private sauna, fire place, end unit, furnished, sleeps 4. walk to gondola, private untlorground palking, excellent rental history, S145,t]Op.lx1, Fyniia-1!~Tit C'nlnresdp: 19th Fairway condl~rni- nium, 3 bedroom. 3 bath, 2 fire places. bit, steeps 15, wall to wall carpet, draperies, levolas. mirrored woos. located at entrance to Beaver Creek on Eagle-VaR Golf Course S225,000.OL1. Egt+IP-~r1il C'olarada: 2 goff course duplex lots No. 44 and No. 45, on tOth green. Available for spring building. 5200,000.00, CONTACT TERRE AT: (714) 838-6114 9 a.m.-3 p. m. PST 13372 Newport Avenue Suite A Tustin, California 92580 . i i ~. r110~~~.i~. [.(DC[IR10t~S APARTMENT . Foy sA~ By owrrER One of Vall's oldest and most ptestlgicus locations, this three bedroom/three bath aparUnent tx~asLV views of tpoth the Gore Range and Gold Peak Fyliy fumlahed, k has mu~iple lock•off poss1611N)es and an excellent rental history.Ttle locatlan isauperb.:.adjacettt to the golf course and teenfs courts, across from Gold Peak Skl School and tl5e slopes. Directly on the Toum's free bus route, Only qualified buyers need inquire. ~315,D00. f=ar information, conrocr. KATFI`( LECHNER P.p. Box 2292(ValE, Colorado 81657 l...a.. -.a..S~P~L.`•M;`}a~9,~.a_YAAI@$4.BLs~Qi' ~,.. • The Vai! Trai! - Anrf! 25, 1980 33 uallar lM rfMri[y pl tM prtllnarr<e. d the aenal Fp>IM Paffmauldlhie kplaendlM iMerrl pplalan h herepn. m9 TOwnplWgeFlMerr[iee lNGlfib aperahona IewrUi [p[pprale Paeem perYing bei dim: `uwNn of van, ce[w.aa Hale ca~aeo ran roelre ei ~-N91e in OB @•BCUIetl rn its Hama and on pe Nola Fund Mnell wpR the la[4im[h argnel4r@a!(he Mayor below en M~ of lna Town to rb aeeietl wan lne reca[mile Beal Ins p~ncipe of IM Town nnp In bB Sipnetl and auealeo 0y IM aerkw a Heal 4gnalure al lha Tawn C[mkal the Tpwn p! W TOwmnaantlheacwsetl the alldWRetl [aupmal0 RevenVe BC ha arpn@dwnh lM1e lacermhe pltM Yea~~r of me Saab remain rpwn an M el Ihr lu day el May. 4980. eyBnt the oalalandlnq TpWN OF VAIL. ppLORAOp uch EacM~ By IFeeeimkb S~gnelurel paymem d I Mayor 'r+riMr eta [FACSIMILE SEAL] ~ ~cMrtngetl ATTEST: Snell [ae4e IMenual 5ipnawrey Town Clerk IEnd of Farm o! peenr Notsy IFprm or Inlereal Couptln) pguptln Np. ~ - : 4n Ins flrle day dl MIy. November, 19 Unleel iheNeb [o which Ihla coupon b Gllapnep naE peen raped Idr pier ratlamallpn M Tpwa M Yall. M Ihs County of Ee9b end. Slate el Cabrado, will upon eprrBnper q This upon n.r Io M.rer na Amvum noym Hereon In laweui mory IN lha Vmletl Sala or Amnira, wmhoul tletlucllon for exchan9B or collection cnargr, at cemml eenY rt Denver, by ~ oledoe at i rim ~pewc ~elliu~q~, creetedom IpaeulBd neE pr«eeda ang 'cerlein olhar e darwed nom the apuier Her INlhln 1M Nde ltl lM[ch IMa myplr, ppBBlteine. belnyy She lelereet ahan tlee tln as To 1 Vall, Calgredo, CBnlrra@non Loan Nate, t3erlpa May 4, ti9p, de1Bd MaY 1, 19130, Mminp eaoM ryp- . . Towle of va4 coLOrar o ' SFecelmue 9ignnlurel Mryp ILna at Form d Clwpenl j91 form ql RB9141e1etl Nolea. SabfeU la IM pprrwiFtona tR mle aainanw, swan reglelerea Nate ahem W in ubslamielly [ne }411owing form, wlln eucl~ omlenlonl, Imetllone, e~errmente. and veriauom ae m resale al IedtW olMr prrlaiona r may b@ repaired pr permltled by Inca prp[nanw, God ee maY be craary tlr eppropiale to conform Ip NB +YIe4 and regalremenle d anY gever@YMn191 eel hprlty a IO~nY paegG 0Y rGpulremenl W few wi n rrped role. (Fprm al Raglelered Nalel - UNIiEU STATES CF pMEA1CA LJ mb iaGm abler esez. Tne orain.nea prtrrlaea Inn me ~" eYmenl el IM pap9BY W suYl E,chang@tl Revenue Rpntla meY ba ialued OY 4n T REYeBUBYI, as a own W YGii upon bUCh farms, [Bntlpione, prpvR[one a e .e areBe ~n i- ova Ia ae @"'m'"°d uy°hr *ownec°o~~ @ ri ~ su ne F d r . r e l , e B oramancB ~mpesaa tenon rpwrernenla un apecllletl ~~u1liClenl to pay on the lown r pardmV IM mlproel refs and , eluril l ln ,naln9 NGlyd Y a e Eachengetl Reva~ue 9allda.TO elteciuucn excnan Ba.tM TBwn shall deli er l - ,Then Iha itsnEaenanQ@d v a; ee h M1der pi outeleneing Noln, en pM' ~ ' melarilV damdau~~ NO[r.eorlneld[•mnune n Yai. m es[ en alWh Nolea ' E cpengad Revenue Gonda accrue nom and alter Mev 1. eacn STATE OF COLCRApp - CAUNTY pF EAObE TOWN pF VAIL - pONSTRkICTIONLOANNOTE ~ _ SERIES 19G0 ~° , ~" HOUSING TM iwn a yslL In mdcaaMY pr Ee91 , and ~ slam pl c~lGreaa ythe TawN, tar sloe « wdtl. Hereby prambea m payy to trw r l ^ OPPORTUNITIES p FSared owner her@pI, IBIlEyfremthe pecial . luntla prprldea Iherelor. a4 herelnelter set IoRh an the Sal day of MeV. 191YY, IhB pnM1UpBI sera of AVON• 'this one bedreom h I a wn[n pn ere as an exce lent view of Beaver Creek. Top, floor unit in the p building at 6anchmark. Furnished ~ $66,500 VAIL WEIGHTS UN1T12,PHASE11CVeryni~ee ~ ` onei laaeYrooTrl uni!•wMh. g,~;snemooa,BxarYY+av -.:. TnF9 6ulydingheea a re8. room, saun® enCJptBa ' of owner storage. The low monthly condo fee includes heat. Unfurnished $77,500 BELLYACWE RIDGE HOME, OWNf=R FINANCING AVAILABLE: Sit in your living- room er on the large deck and took into the Spruce forest. A Ipve[y mossrock Fireplace is the focal point of your living room. This three bedroom, 2 bath home is ideal for local people and since the lot is duplex zoned, another custom home could be built. See Botr Finlayy - Q155,000 $UNAIDGE 303-~: This top flocr two bedroem is completely furnished. Including the washerld er. The west facing balcony gets plenty of afterncon sun. The vaulted ceilinggs give a spacious feeling to this cvm- fortable condominium. Assumable finan- cing available $120,OOD 6EAUTIFUL 7/2 pUPLEX ON BALD MOUNTAIN ROAD: 3 bedrooms, 3 baths, loft, greenhouse with hot tub, 1 car garage and cathedra! ceilings are among the many' feature a. Owner financing available. Unfurnished ~ Q~49,500 NORDSJORD AND TROLLHAUGAN: Each townhome has 2,000 square feet {1,400 finished] In 2 bedrooms, plusden, 24athswith an unfinished Sower level with many expansion possiblfities. Available at only - Q128,500 and $129,500 MOBILE HOME; 1978 Westchester, 14x80, 3 bedroom, 2 bath, with fireplace, washer and dryer. Would make excellent employee housing. Prrce reduced $28,500 Building Sites WEST VAIL; Lot 20, Hfghland Meadows. Duplex lot with excellent building site and ~Wews to the east and west $69,000 V AIL RIDGE: Lots 5 and 6. Block A. G real sun, excellent owner financing avaifablA $55,000 each EAGLE: Lat 16. k3lock 1, t3ull Pasture - subdivision. Excellent building site near the Town park. Owner financing $25,000 BELLYACHE RIDGE: Lot 63, facing sun all day, best site location, vary buildable. Some . owner financing possible $73,500 PALmATEER °~° ~'>.W REAL ESTATE 1~~~ Vail Metlanal Bank Builtlin0-Suite 3p3 post ORICa aoe 2p7, Vail, Colorado 01557 1303) 478-4606 - .. .. I Y:' : : .>• ~, i ~. ~~ The Vfsif 7}oi! - Aprrt Yb, 1$80 ~ - fH THE C£NTRR OF YAIr, 81NCE 18!] BRRON D. BROWN pnpnallM NOIea FOf rEntl ql Felm pl RBgietmed NON) A q twlite nY w,aB [M Form d AepnlrMipn penNl W Iany limerwnivh hla 1 VM PeYing Agent. Upon Thie NaN Is rerlflared In IM 0lhu of !ha I Rgvenun ROM! auto pay Agent ollM Tpvn of Ve,1.CW«adq, of ttlM Nolea anon deurm Ra ~.r.IMnanemegnnaownmpuaa u.IOw. qr ISoIa IB sne Paring .~~ Ina prindpal ew,opnt ql minn~N~ol..M ~inteml Henan eq ftal I wna~r: anin accoidllince uiw th the OrJln:nu In Indalxadnelf Bf iha aulhONrknq the ieeuann of Soli NOIe, Ipq pl eny egnelxulignN I;mltelion of ln~&Ne - orumitnianqulw Ms Nele,a nql payebleln Rrtea Named &pnrtun of iM Prapa6tla d 9enalCl Ry111nINn ReplalerW Wnm RBghbar fell felin erM eredlt M IM the Nglp. nY enec,ele Inereo}. end any fupf~qunl ~olpar a arty Nolea YMP In rq be HBpamible !or IM ePPllutign a tllspdeli by the Town pr by eny O! RI dlicaM game end enrybyeet o31ha maleyi dmivetl gram me wle o} Ina Ngtae « d any olhm moraye aeelgreted In mia gap,on x unto the «xgeda d the Nolmereappieup wwleeainm~e saG'ans.nd ua.d IadaneY1M Cast of SIy Prolett bom lime to lime. the ymroc008a of lne NOlee enali bn subject to a I40n erwgladggtnereml« tneee,reandxm nmovri or the liotee from Pme Iq arro p prwleea;n mle so'Gion S The nei PlOCeeda 01 IM Puk4n0 Feu{}ly Gen@rG ppkgMign Bands a yna Parklnq RFAI,ESTATfl ~r6.2211 P,O. BOK 647-Volt, ['iUIOFEdO ~t~$] Corner Of BtldgB 81fea1 and Clara Creek Drive . ~1lIL~•.1 ~ fir ~ "~- q eecgre S Iona h! f and Prov a M. merest on any « ,own A k;~ r r + car th Ion oom 3~badroom 2 1/2 ba roc est 2 ggaragge, sauna and whirfpnol hookupps. In E3ootilcreak ...................:.......'$22$,000 or apnea wr tr»a I whlcn Ihie a one _ /~a, Action A . try ~0~~~0 f~ , ® \~ .~ I+FA11G~+~ f~EAL ESTATE COFiPORAI`ION 105 Mountelrt Haus(In the Vlltage). Next to fire Covered 8rldga.~ lust step6lram the TrenappnallOn enter. - VIfABHINfitTC3N PARK 7dWNHpMEB -: ' liAapLB-VAIL fiD91o flnenclno at 12.696 A_P.A.. two alearr. na oalnta Only three of theae~'t Ve I VallsYB~onemd pr,A 3ELLl-Very attractlva v misa Out on cot.uA++vl~~utn°n PartlRlly lurnlaheq utre~ with Iwo full baths, wire tacilitlaa. tote at~ aton Cne betlropm, 47ieeptidnally I$r{~e 11,x100 aq, apertmem near h9atad popl:~ Complete f fumlaht1l e, Bleeps elx or more. l3uper4 rBnlai h161 AsaumptQon plus tubatannsl_aeeond aveuable. of l ~,~ 1 preferred Properties In The Rackie ~ ~.. A7`I'E1`IT{0T9! Investment Croups ~ Partnershippss • Syndications Corporations ~ Cmatlve~Minded individuals Wa have assisted marry opportunity-oriented investors in stlltcturing property phrcheses RIGHT HOW that make this one of the best tittles En tats area's history to be a buyer. - Consider, Thlee bemoan Eagle-vat atp~a wrlh exer:siFrr Ieyrtn arts owneR F1nAnana FrgrBtealnke IM Red cvl~lurl studio with kKl ~',: . ,,..: slll rnaxle ago. OWNER WILL CPnm' 5~C'OIt0. Atsalher Honyeatake ftudl0 vih ¢ucelSens IenMl h tnnade OWNER WEl C!•RRY SEODND-Lbw nTFR 7RATE One acre Ytterlnaurltplal IWesl Veil) ygodM IoL 2«IM axtAHmliry. GEtiFROUS OWNER F7YN9C'INQ Ns"ou~a. Nc bedregRt p+e.rft«tnla~n .wtda PraeFn Far 1-ocwts MID INsbaVya partiallistinRdlfr realesMte .,r. "eswe heetfo oiler. Pkaae cal I.td speak with b rrlarBtb Y d our sties s1aR: D-,ne Fiaehrrwe Bmbaa nichoN -lamY xNrcAaro Gr¢g Gordon MVke Ablitot _~~~1 ~[^ ~µ' nn ~asTR7~~)pa1~j ^~1C^J ~,.r. rl.. see rpNer a 201 Oat Cr lI Ddye Vau. Cdoradp 61657 (303)47fr4015 "°"' SECTION a. FONb8 CREATED BY urdleae agreement enteretlintP erlween ibe T nth3s dlth0 CRRINANCE. A. PiappSVllan pl Ible Plocaetle Bnd Other own an InB Purchaser 10 apply Ip 1M paym¢nl qr Interest On the Nolea as th0 name Buell tl and Ber«Inea. SeeueilY Far NQNa Tho proeeetls 1tp(n the ante d Ma NbteS h0 net proceeds Pb n«nrnea due alter Ineir dexmay. Aa Net Pr010d Revenues erg received Shry p th0 Ina Perking FaciLly GPneml phnpp hon ROnds enge 6onaa : he Aelsi bl R ued F ahae log cred110d imm0d01ely la the hWn FUn6. ' F NM P aWx[ ng ev r t an y s I« auah pu epofe, when entl d naued, aMa aM ' r rgjed Aevenuea entl gIIBa, legally dlable monPY9 d the Twrn. On M before the IM on alt delivered, d all Net Prq act Ravgnuee reeewep py me town from Ina Ptged snalf t» tlue dale qt eacn respecbug lnllmenl 01 nlereat. Isere eheu ce creduedniq too Nate. B Net eqd dapefrtpd bylhe Tgwnln Ina luMades¢nbadln mie Secllen 5. tp ba eccouMOp IOr in the fund. the rout malgnrtg inalallegnl gt inlmHl duo On tna Nales Nen CutatOnd,ng. W tM manner and priority sat rgRn In Shia SecNan 5. The validity OI me Nglea shall net M Tng moneys credited 10 the Nole Fund ah011 be used to pay th0 ;nlereel qn fie NOIes then ' hIM dependant Mnar~ MGedhY rng vuhdiry« pulslentling , I9 eacn inlanal ls¢Cgm9s due. ' ee„y ~ regur.n+r or nv dmpx a Igling m the urcnasM of M1Mes't or any Tn rr req d wean en mph two n~ maped.aua .ad e1 r rod tM1a a tlNxy 6anar8!'-' ,rn"rtje ~^s p . w " - Inmh. ~ .. . el}on' to « peen axotro and ' arlw Tne mrdne,w Nunhd I~errnrif«irtMd en the Two and ens-heb.bediochte. LargA tumlahed ccnd0 wlth a0utlrerrl Bxppifrrl. ~ExxCellenrr~Nel6. ~7669b owner tL:~,.~7: ~avellaMS.tR:.S%~A,P.R.,3OYeararnortlzatlors, ~Ihree year tlallon, l9eaaOnably prlosd et 5180,000. Mp~ILlt HOM~$ BAOLL tR 1/8!1 pARK/EbWAgpB Qr9at for IOCaIa Of rtew famlly- Several large, three ~ydisCOUnt! modem ur+K Prlcwleldl ~4+ko'oaE28 t1 0. °i LI$7#NO E 47V~ 1 SBO BERVICIEB I]EfVV ER/67 t -1833 MemberNall BVard of. Realtors Ve1F Reaart Assaclatlon ~_ A~ ~ a ine TOYYN OF VA1L, CptpRAtp eY IFen,miN aenemre! IrAC81MILE aEUI Meyq ATTEST: P IManwt Blgnetdnr .. Town[, srY IEndd F«m of AegiePahon Peneg I~engenen tlenae d M Prfoinp fewMv Ravanw Bonny ogwtl ra wen Pueppee.lM nm pgCaWe N Iha.eNa BOn/a ngINO tl0m '4hlrlle l~rM an.a W padla0lglM HMefpne tv a fpplW IaJna geq Semw gaqurlmMMr of Me HoleL uPOn IM f/demf+lwn p ma14nYY rtWegl, 0. Ilaarw IoM. A apaglel NM • new aCo~rwado ~ rofpuatyyralns9eo CownPlydira~On lean f+un w+ierw Fl,m rw town ahalr esvaau on one rueorw iuM IblhxAh open aenYery q [M arrl+arer d IM Barba, Ire,., IunOe d IM Tawnl6paaY awiV W Arthur G. Bishop & Co. scgmpiete Home Management Se rvices ~. .Real Estate Sales •Rentals 302 NanSgn Ranrn P.aad POSt Office.6oK 6E7 Vail, C01orad0 81fi57 , . ,• (3031 A7$~5881 • ~ _i Thr Vui!'!'rail-April25, !9Uli-ilafJ Exclusive Locations: ...., ~ VnH Goff Coufse kom@::-,,,.,.. _. ' ,.,.. J t-...r _ Try.. fMB31 Road Nome: ihls arehMecl~deslgned home ly . flay bean COn6truCtBdwlhllYrB hlgheyi Starldard9 Clld - features delwoA dela l~lhn1~p thowgnouf Selected feoturestnlduae: Large cedes caYnedral celnngs wim '~ ':' ;"-:- . r. ~.'..._ ~.,.~.:. skyliIgghit cudom frucN Rphrmg, mtd B 1erlUrreCwo0C sundeck Mcsster _.,.__._ w0h vnulfed 40amed B€g and Lovely: ~ 4,000 square teat pus Ceiling antl nrNate.=_ _.. surldeck:lwo oddilionol °'rerslzed hAOCatgaage.Hugo lrvingdinmgareawdm ___...-- C+cMxniBl kltahen w1pl hoSdwapd floor, wu4toad aeihr~. hreplaCe ntl builtJn ba, taW I}pnY~1g~ tlelace aallnter.top m gg kflth ~ .. 6antl aurbalhfiondorecr6arian roan wfln aala0gUB, QouFAe aaens .including mkxawaYe, tun size POatfank+, bdckflcP~~pwce. bout-inseafln0, pkls ,r arsd said oak cobvletrv: eeaWdul encioaed wet 6ar.. $590.000. coipeti thltxsgllart. ta:cepf fnliled Uornsand entry rarer..: uraooa W@St Vd~l: Condominium: - aY - _ ;~. ~ bORt r~tp~~CkJt~df. ~poo4 .1~4RZ! arld iaww. n rulOlSCka..3395,tD6" .. Eagle-Vcli Duplexe3: Solar Healed: Oiaer agog sgtlQa test vArh fwo car 3pfaot h11agnnlJearMad UeIIkIg. hugefi,eptace, btr ~ n7oyrts. HYee ontl Urledwll Laths, ramMy room., 523v,500. - fireeti.., ,, .,..w4VfD and 0naHalt &71h3:22gD 'a4ave felt with fw0 Car grroge. ~ faced dl treat. fYeplaCa. eu[eellenl IUapllan near 13tH green.., 8205.000. ~~-- °;-, ,,-~3,~ v1~~ .to--.-- . y -? ~` . PaXln CreBkTOwnhowsi: kI Cast Vail. localedm o sunM qte gn North :..,.,.,, Roatl Eaat. Tne ttxea „ two and orgnal~Bath un115 are n?aa,+ for occtµ~altcy (,t030 to Ailkrn ('reek with raga decks a1r06ng Brent OlltebIX a9 wl)n g Irldaa{ living. FNepiGCe, G.E. appliances fiioaam snwrerandgar~ooggee are)ust aorcleCS1E10 artgnlYle6 irocluded.ltxee Unkaip choose hartr.,. 516gp00 Lots of Lots: Prime &illdingg Silos: Agtfxn aoection otlesidenYrot and rnunblamuy kNs trxCae~d7~O~f nGgore vallg~ darn Mon th ter~m~WVlare~dito quapfiad b.rvesx 5525gD . I~ 3ntai. t Cellenl Clay ` ~~~. _.;..~~ 1 _ fa~-".T., H' r Id on fhe banks of ' esldentkP area. Vap ofnlamr0in r ' testrom the near of- ~ ,. [own of Vall 4tw ar the seclus}an d the Iy. three ,A........, r n lea CfadllY 1qr ~pawa InCUrraa {n WElarnuna [m mi of aa+nance Nminer Ina [awn na+any ollicer M IM fawn finefl M eaGe. reaponalWa tar In loll resullEngnlrgm enn rireelmem v re/nranmem aaa I accordance wan Isla pralnence, lone n~1rNn authoF¢aa ilui} w,y ~Ydllew marmyy f the toiled S[elea m ,mewmaMa DMmllled aY ~SaGfian aH.hrw} pr pee, loch oneY end wen mvaalmama. klanan Eepaarteq In ~ aemendartlrw tlepgsll eecount an m e.+denad uY a cerutocete of ArooUt d e 5H neraullB~pe~hgqpalely~jpci~6BC[~9norCn9la the rewa ql Phe BrNa~ shell M Caemed Ipw lut maneY of It1e.aNled Sletaa. '• r~ r e~sThr`val! trot nr;l ss, r9eu ~ , HELP 'gE5PON518LE •TFU5TWOATHY 'LOYAL... .. covpfs, need io !Intl 5 new Iocaifon, approxlmarsiy x888 square fool minlmum, for !heir 10 year old lealhar shop.. Moat move byy Ncvemb9r 19t, ig88. Any analaranca or suggestions would be groelly Bppr4Waled... PIeBBa Call... navid pr Plana Pratt -,.1 TH£ T~~~E~~' . Day3... 878.3111 Nlghl9... 478.3358 Western Properties, inG tRea! Estats 8lalea, Market;ng and Investments • aEpTIpN 4 aMENDYENT TO pPpl. NAMCE. A Nnandnlenl pl pr6nerge N01 RecwnrN Dnnsenl r NDlenDldere. The Tnwn may wttnpDl the rnnaempt. w nphce+a ma nplee,s sI + ye. sae°plwl';din avuwe~re~+el interNmeni~ anon tMmelter r«m a pen herw4 I« any one d mpe « all pl th 4Ba~Owina pdppsae~ 1 ITa cure my rye, «rpcDre, ranact maYS+enlya prnwwrwd w~ne~p dr,wre~o m vienp uMer Imo Qa,rlwd 0• ~I.ny doer Wrpp50 d Arran pD.,eRrn ere rlRmwry d Bwiredn na m s advanaly .Ilse! IM inlerwts a' IM lrplMn of 1M Nolea anp coDppne,a Ib7 TD euNeei eo mia armnallra Wdil'wrlY e. ilmena~Inr p° ad :rrr°Q aewdnna oBMent d NplBhdpem- E=ClDawa Of IM LJ uch envandatON drdrronu d iMSymenf antl IDCn pdaancw « kHNmeM rMY becpwM sNedrra. 11 IM Yeddma d a Ieesl aB% ' nnregNi nrmcm.l emoum d Ib Npsn IMn Ou+BlenanV, al IM nme pf Ins ampllon daucn emenaapy pcironce « mnrDm.m Ne pretle~awN k mle olsDCh Iwlden. Bneii M,N ekrecl m nerwnotl aPpfOi°° IM m Nate wlbinn or r°ror~ eu~ch'rrd~ .~nai~'~.. dean«eniilnm.reaoludwrepneem n Mrpw pawided .halt M.w en nl tbrsat fD bject to Ins adpplipn DI each w,detwywrdironmordM..,Bl,umempta led SOHO oflhe lermadppuypnelMrNn rAnNirlatl b hIe aParN,pn [herwl or b enjoin p realrern InB Town Irom Lying any ac~io~nWreUenl Ia the provia'wns thetas! tolM giWn bylMhDkudaNUle oursDent prwnrpne Mrwf anon r>e ineyDCaek f« a pBdpd of Mx pep momha from IM bale Pr rM Nall°be WrialD~ va wtl t na ng oppose llulura hOipBrs d tM same NDre pw,ng sDCh periM, oven mneenf maybe rBrDFeO at any lime ehd tiN 16i mpnlh8 Uam IM nomplpai0n d each Be4hlishmienlt~s Betwe On NOM.. Tha prpr~liOe ea beMeaxr Nptap s~pCelipn shall twl Geetl~n uetlpne OuNbndiny arbor lbayr°vdrprud eg%in eDgregatB pAntlipm Bm Dulbtdltllw as Mrein rMs Ines ONlnence: « e nl ~ l yl E b g p tlkmpled revocation, anal! h aM approved IM .mood. rwiae OM ma<d ny antl Preja ip eeec l na aM h9nN w gnikger a} !M hplpdi d Nss r01¢flBO to m euen mvgpepn Nan all or IM Npln man OutslanOlna. D. Unen;moua T.aneerR hi WnBneyar IM Town CeUd.l OrOPpwn eo ~ nq, Myregprn8proy M Nrme P~C amend « motlkty Nis Ortlinerrce Mar fha S am , Ba M ry ~ ~ y artlinenG emeM#ery mares! antl Ins m w b~ oPOaed a IM P r rY pUY, [YIIOn af kaSlpM nrtlmebyoM lalwdiufwn inTM bNgp WMdIM TOVm wO, . VeN Tra,I, Vall. Gdprapo,,l[nenln WSineaeenP mQfblp end cpupp M,,I wY. ba rnMrtieA d amend tl pU~Nahi n IoM it nd, Siren In a nswspipa. ur ~....,..,.. ._.~_ ~__. , e m a IM wodeOn W IM Tewn .n m ee mvy A11M timl forth ltla Mlure~ol llle propp600 gR,cYyllrYllam ~~ j ~rp0 s e a ng ~ p E~Fi &Dtl sMll ekte IMI B Copy o1 tM proppsetl jp i f i B Nlee w hereuntler antl w,ln . ! t e D 1lledjn ~ l . , .spec o wch exclupatl Nprae, ale Town MII rp1 M anl,ped « tl IBOttiM DfIM TO Clark ldl Wbl te AY Iron ~ I I C. Time for ArcaMmenl. WherteUd er arty Dbtain wY cpna9nl p 10 laNe any mY~ eliOn timD wi rn Dice yes from tM dit4 Or SM corn~Iellon o}thendicerwuiretlto MgkBnW prn,,,ppd ter hneunder. F, Notallon on Nmc_ Arty a1 IM Mole. 3ectlon 8B Mrepf IMe sMil M filetl in EnB l tlellveretl otter IM eIlaClive date ai any acllpn s ice d Ins Town Clerk an nmyn,enl w lnallumanleexeeuNd by menddeee of at least faNen m pTpvpnC ,n Ina Benton $ p NOtee Ods[andmg at theel}x141readle OlaDCh aCion, Etl%in agaregaeprmc,pal emounrprrr NmM then ODN12 ~n wtllU I ay bearanprmipn ma.epn aypnbpreemenld mph i I I g r nstrument inavyrllams ehe}I refer rp the y oxtl erw se n Orm approved by one sown Wurlplas tc sucn adipn:arldit an S p endalorv «einanca nr IMr ~ .mom e~ esucn nme aMmip.teD a etl ue, wd+ I Dtll w In auto ndiw one shoo anon;%wny etlenNe date bpaa tai be~. S~rnnmaNDn. roan aanl la antl pprpra tM adophon d s h Ortline or poet inmrumenl. lnereUpan. bur ppn rlamand DI IM ho]tler of an Ontpian Mng at such tlldtwn tlate w6 up~orl° nal dl,erw;ae, IM Town rDVDCII mry atloq p exntal'q phis Nme krbpph purpoeeal[he ~omfer nc ll -t r. p v HOMESITES TERRY CREEK: Filing 4, buildable This summer. ai 13. duplex excellent owner financing S55,Op of 36. duplex ............. .............567,(301 of 74.single-famiy .....................585,00E TERRY CREEK: Fling 2, buildable in 1981. 03 33, block 6, duplex ....... . .......:.. 56250E of 23. block 5, single-family m 12th fcilwcy ... .......................................574.001 Y1LT CREEK RANCH:20acres. 7 miles scut hot EaggIE Tream frontage ............ ... . .......5540.Op WL GOIf [WRSE; Two kyyeSy wooded IDTs will laws 1o Gare Range. Full duplgc zoning S2A5.00 'rimarylseconday (.41 aaa) ..........5275,00 BUSINESS OPPORTUNITY HE dAOE TREE EstoblisfYed. profdable, Minhnr lusiness. excellent lease Tcrrrss..........S60,g0E NEXT TO THE CLOCK TOWER IN VAIL VILLAGE 230 Bridge Sheet (30.3) 476-2421 (303 949-5077 Darner (303) 8938542 od Biller Dick Battey David ° ~a BObI(endal Rob Ford Bette Benz George Lamb Lary Peterson Deny Mullikin Patti Towner Pal C'arSlXl Gerry WhHe Paui .lDlxYSlon r- l Soorpro Cpnilominfum Unls aosB: This IW4UedroOne,-two bath conTlominlum i9 complete vv8h Iang[1 kitchen, Ilvtn~ tlinlrYg area wltlY naos6rock nreplac®. Hea axcelleflY view d the mpuntam. Pncad et X195,000. Please contact L3aynor Miller a! a7B-5S4a. , Crosaroade Feat, ecroaa from the Vall Tran~pona8pn Center. 743 Feat Meatlow Drive Vail Village, lJpgradp 81957 (303) 476-5544 ' Aniretad with weir lions rternafa Member Vall guard Of Aealtora arW Vei! Muttlple Listing Service. ,• ~~ ' • ~ Thu Vni! Trai! - April 2.5, 19FO J L. - • ON THE BANKS OF QORIw CREEK in preatlgiou8 BIg horn Subtllvisian. D081gn features spacious Ilving areea, tour bedrooms, three baths. two oaf pperage end large tlack overlooking creak. Call Ric - for an appointment to inapacF plane. ' Du~~ExEs WEST VAIL; Secluded sun decks overlooking Gore Creek are enhanced by an extensive use of stained ' glass In this fine split level mountelrr retreas. a bedrooms, 3 bathe with both units selling for a total of $220,000. Ca!€ Todd for an appointment [otlayl BULL RUN DUPLEXES: Located In the Bull Pasture $ubtllWalan In Eagle. These three bedrrfom, two and pne-half bath duplex9s are available In two floor plane. Active solar collectors may ba atlded et atlditional cpst. Gag, hot. water baseboard heat wootl-burning stove 1Dp att the energy aepaCte of these well pealgned affordable homes. All ~apptianoee. and floor coverings included. Call Frank.1,520 saqq H. Urllt 99,500 1,440 eq. ft. unir 95,500 EAGLE DUPLEX: Each side has 1,400 sq.ftrwifh 3 r. - bedrgOmar P baths. Overlooks the town. Mey ~ba-~~--~••---~~- eOid &sone unit ar two. $3,OOtl toward improve- ments antl landscaping. Cell Marc _$85.000/side .:}~`' ~_ F5 I ._ ~;:~F~rom your dmin`gg~- room (able. RSiax inalarge redwood hottub.3 bedrooms, 3 bads duplex In sunny West Vail. qufstanding Features, wood burning stove, mexiCan tile, lots as ; space. The ultimate in mountain living! G81i Renee ' ~t75,000 ' SUY NOW WITH OONFIDENGE: At pre-cpnsfuc- ' tlDn priCea knowing the buftderwllltlellveronapf the ,beat values antl quality construction ¢vailable In Eaf31e-Nell. Three bedrooms and three antl one-half ^Ud~..:..-: ~.gnAd around a very livabtaftoar~len plus-+~~~~ `' a two cpr garage. Gall Dean 180,000 BDOTH CREEK DUPLEX: 2,430 aq. tt. of elegant Ilving. Beautifully furnished tour bedroom home Complete with wet bar and electnc garage door opener: Price Inclutlesall futniture and fi%turee. Cell Challis Parke. ' EAGLE-VAEL: Excellent construction, location and Immediate occupancy. Approximately 1 mile from Heaver Creak. Cell Kan pr Jim, North half$185.000 BWE'CHIP OFFERlNCie ~OUefity,~ a lust conaltlarallon. Inclueiln~ Wood-Made kitchens, solid qak Irim and more. ArchttectuYally designed for energy afficlent Ilving. Choke of !wo adrective Tloor plans with three bedrooms and two and one= half baths. Heated garage. Preview It now, move in lhla Spring. Call Dean iM details. BUSINESS OPPORTUNITIES UNIQUE MINI-SPA BUSINESS: This estabishea business Located pn the pus Ilne in Crossroads. offers ekcelleht opportunity fo cash In On this heallh- orlented bu9lneas. Call Frank 560,000 EXCELLENT VIEWS: To the ski slopes. Glean. nicely tlecoratetl. Equipped for short term rentals. Call t7ean 458,500 LANDMARK TOWNHOUSE: One bedroom, One bath, just steFs from Veil's Gondola. Amenities include pool, Jacuzzi, sauna and much more. Call Toaa ror mare defana g13z.BOo TWO BEDROOMS LOW COST TWp BEDROOM: Very nice tpp floor end condominium in sunny Buffer Creek. Low condominium fees and assumable mortgage. Call John Nilsson °'9D,000 CHAMONIX CHALET D3: This two bedroom town- homa has warm pleasantatmosphere enhanced by a nrce kitchen and dining area. Great atternnon sun. Coil Todd $93.500 TEXAS TOWNHOUSE: Located on Gore creex within walking distance to lifts and Golden Peak.this two bedroom townhouse offers privacy in an in- town location. Call Frank at Eagle-Vail gttered furnlahed ,°'275,000 .pqR 6 IN EAGLE-VAIL; A a[iraCtivelypricetl two bedroom, two bash unit. GOOtl [Gan assumption. Ideal rental. Call Elite at Eagle-Veil $110,600 SANDSTONE 717 2 bedrooms, 1 bath, besvtiluF views of Vail Mountain. Sold partially furrnehetl. Calf Ken Wilson $119,500 EAST VAtL CgNfJpMINr4M: Fumishetl two hedfOam, pna lath In one of Vall's heel managed :; camplaxea. Low monthly dues Include heat. Fee arn=. appointment can Ric $sB,poo THE LODGE AT VAIL: The most prestigious location in Vall...ctoss to everythi g.Two bedrooms. three baths. second flppr COndpminium Terrific rental history- Catl Renee $285,000 THREE BEDROOMS SWIM CLUB CONOOMINIUMSc Tennis, swimmeng antl golf are at your doorstep with these tawnhpuses. Spacious floorpplan, 3 bedroom. 2 bath end garage make these perfeCtfor the aclivafamify Sold furnished. Call Frank 51f38.000' Call Ken $199,500 BIGHORN ESTATES fro: Threw bedrooms„ iwa baths. IOft townhouse on Gore Creek. Secluded 'IOCaIIOn. Excellent Moor plan with 1,500 sq. fl. Gloss to bus. Owner Terms. Call Dean $179.000 POTATO PATCH CLUB: Beautdul views. superb conatrucGOn, swimming, tennis and Full health facilites Compliment your Vail "lifestyle"! Ca14 Ken, Wilson or Jim Patter for an appointment, Four Bedrppm° $490,000 Three Bedrooms $SOO,OOD GYPSUM RESIDENCE 3 bedrooms, 1 bath modular home located in Bertroch SubdivisEOn. Call Marc. Priced right of $58,900 EAGLE-VAIL TOWNHOUSE: Located on the filth fairway. These line units are only one mile From Beaver Creek. Both are nicelyfurniahstl. 1.500 sq.tt. with owner financing, 2846 dawn and balance at 14°/a. Call Ken $158.000 1,235 sq. ft. Call Todtl 8145.000 LAND EAGLE-VAlL: Lot 28, Block 1, Filingg 2 $88,500 Lot 75. Block 3, Flhng 1. EasUy bu~!dable _ $90,000 Loi 14. Block 2. Fifng 2, on the flanks of the Eagle RIVer $99,500 INTERMOUNTAIN: Lot 16. Block 9. '1. acre ad}}~ina ULM land $50.560 - Lot 21. Block 9. zoned for 3 units $84,000 BERRY CREEK: Lot 16, Block 1, Filing 2, on the 15th green 'F58.900 Lot 70, Block 1. Filing 2. an the 75th fairway wish stream trornage ~sss6o BIGHORN: Lot 3. Block 7. 5th Btlditton, o~ered for exchange only 110,000 Lpt 9, Block 5, 5th etltlition, over onatialf acre. 9ubord!nation considered °.162,600 LAKE CREEK: Lot 25. Block 6, excellent site for spier healing $120App pLEN LYON: Lo! 17, Duplex -owner terms antl aS9Umablw ~135A00 VAIL RIDGE: Lot 9. Block C, terms .~$56,500 j ONE BEDROOMS f~~ T,hP va;r, • • i ' 7 f al IVadcc of procedluee for election to .the board of dlrecWra*.o,.f HOIy t'1'a88 E1CCtriC lylgpC~gtlOlid itst'v. The annual meeting of members of Holy Cross Electric Assoclatlon will tde held at I St. Stepphens Parish Center. 18th & Blake, Glenwood Springs. Colorado. on June 8. 1980 at 6:3D p.m. A quorum will requkre about 1,200 members present in person, or by written proxy designating the meedn~. no person to vote mo7te than throe prox es, Throe Directors {of a total of seven) who ere membersand bona fide residents of the sctvlce arcs of the Coop- crative, will be elected for three year terms. q nominatln cordmtttee canslsttnl( of Jeas A ~ttlt, Oresf E. Gerbaz, Plenty A Bosco, E.1„ Crowley, Wllltam C. Moore, Rex A Coffman, Margaret H. Sim son, Charles F.5tewar3, and-INar area IS. Ccrtse (none of whom are Btr'ec~arsl will post Its ni minatlona at the otllrre o the CooAeratlve at 1301 or more memberrsV ac`in to~xether ff[lrtg wr~tterhie peel f ot3 b fo~n a" nominees Special meetings of mem~rs may be called by the Board or by 10% or monC of alE the members, followed by nonce. Mare detaEled lnformatinn is avatab]e at the ofllce of the Coopcrallve. or by calltng 945-5491 at Glenwood Springs. Patd AdsrrllsAment Hod Crow ElLrtnc Y59fllxlauort i~~R~ oP G tH~pVNC'~S~tA~~ PRIME VILLMa'f CCXOATiNONDOM~Nitwuo I+r`BVOIJLJIaunrdn Hnv3 condpminium wlih ttlreo bdtraotns. three both; one very nkOery fumish9d. Good rental patenflp# wltn In-hatse mOn4QEimenl. Pdl Gmlgnlif139 a a mOloY re6«t Includ+rtg h«li desk E91MOB. C17nYI9ntbn fl]cllRles resfaJr«tr/hot, popl saunas. Ipunr}y roam. Pleaso call kASne VOUryQ a7a +~ far rrtOre aetalls HOMFSTAKE SNDIO WhH LOFT, tp~ Hoot. antl unit with speLMOCU!«v19YYSOith9vlllagePndslooes, Fuliyfumistiedrnd 9n bus route, Owner. desires nstOilment sate: good leirn9pgfferAx1. For more iielalls call Rene Young. 47aaa3(l or a7o-+s2i. ~ ' VWL SKY HIGH One ..e~,,.,,,,,,ona bolh~ lots of wn, recently 761TIOdeled wiin marry ®zhds incWBing a FJ«sklin Wr9place~ Gaptlotry tar kDCCI, Assumable M«Igapgl..........582,Op0 MMIOR vAlt STUDIO. "~" bulbinpg wys second HOOr..locing bathntOOm f«BK~fOGICI,'Om~tmotlDllon~K4Bl~desi®gne~dflo~«pl~ar7 ullllzea the 675 6quare feet to Its bass adrantopa Loud rr5nt01 polentlof with 8fffolEnl~.,,,,, ,,, merit- CAII fr6t1B YOU for detat6 mba45o «rn Ytome, rYiatast ,...........st7`~.o00 WfXEX IN SUMVY P.OOTH CREME'S 3 heWOOm 2',i bath. z car go7age, Each skis coniOlns more tY,pn 2.at00aquafefeet of living area. fo s9e calf Roymonp vourtg at a7a4456~« alb 50 .Poc19tl is sail ...................:.................... East Sldg ........................................S225.000 West Slda....a ...........................:.......5235.000 CUSTQM. HOtiAE; 9EtI,YACHf RIDGE. 3,&gsquarefeet. ttctud9s four bs ~,,,,,, ~~: two find 9rle•haif baths. greenhouse. opium InrrNlIyy room, dart wpksttopfskt room, htio car gage. dlwlth the uii+mote M kniuN re6fures and unwrpossed VIEWS......1];:..:• ...............................5320,000 ~TERVJ4L OWNERSHIP THE WREN. EK 50,.E OttrOClhre tap~.yoor unfit ttb. 4~b. One parkin ~,,, One bOlhfulH hamisttetl. tyeatl9tl pool, anderglaund g and Bond focatl0n ......................... 55. too C(~~1IIM~RCiAXI 7HE TOWN OF WvLk. 20 mlies west of vau, includes O GenlSrpl Sfae. Pasl~OfffCe. Gas Slatiorl: Hotel antl Cables A unlgkle opportunlly vans rTyahy plnSEbl:lfles for gYppnS{prt Far more detoljs antl arJpolntrrlant to sae CantdCl ftoYmpntl Youttp. Terms Anvilable To 9u014ied glayeri , , ..... 5275.000 151 NO119eb Tnaexe0ur~p1a pa9NOleadne FLBNAYO, IWB YAR VILLAGE WEST FIRE ! f1e u16. i4uanC,Y, 8ntl tlelwery of IM NOIH l0 PROTECTION DISTRICT I M P,nchae@I ptrelrant tOIM prpr,eona a the IN°b pwchua ngrymenl antl thin Ortlinance. E 5 t C'vil Acli On No. 1894 y . uaaapx5. wnerl.ver Harem IM Town is mad pr d rarerr=dro, eucn prmle,pn ahal+iae AMENpEp PETITION doomed tpinOlldeanye opeaadl5bltlp Tpw FON CON59LIOAnaN ~ apraavw r I. An al ~yene~te v ati l e a COMES NOW each Of Ina memlMre of the pu a wre, v llgarlana antl g'eemanls by '>y tbtilr pf Mtl th egard of p,r@cloa Ol Ina above names nr. o er nrmiagrylOl llpbMN,t dtnaT lamed protCglbr' tlnh,ab Ih.oogn Lawrence A. 'Eahwitn m l !'Bm aMII W ntl and ny,rB lolna pnn0ld ql anY ay, and rnpreaent yntp IM1BDa,n 0 0a IOIlewet eH,uh baud. dialna c mmiuion, Bubany, agency, nsbumenlaOly O« @Iner person p 1. Th@ Vell Flre prpteeti0n OialNCl anp IM perrsore 10 whpm a to wMCn th0,0 ahal+b alml¢tl by~r in accprtl5nov with law any Yail Yillege WOaI Fun Prolenlpn pi9«icl ere ea n a 'Fire Pr@Iaclipn Diar,Cl" erganixed n~hl, power anY the Town Or 01 9e tler Ire prOnsona e C,R S 3y-5- nroV 32 5 r pact We eucceasws, it enY.IM paaanSlgn dl wnicn p nacae5ary a epprpprpte ,n ader b 8 an - -$48 n9]J1., eme"pad, 0 1~ or~amaatidn rlahnon tpr each d saw dleldaa " p1i c'm any uteri arml@ma. aipulaupre, ar a'g'nevy read wim tn.9 npnaaeee eopn. w , e n egreementa or Sher plpnbbns n ~ 2. Tn0 two atoresaie Dlelrida nave ere ol. F N,gnla and lmm.nmes Eece l h i unpd.les wn'ICn ere id0nhcel m pen.and era 50 wNavd n i ' p s. ere n Olnerw,fe evaO.Py prorldetl. nOlhieg heron p Ya uny mutlMycanbe operelee O a'cnrely antl ecpnOm'C811y sa a angle tlislrlga, eapeaaed or ,mplpd is mrend@d o[ shall be e Mru@d to wnte Iwn d m give to v 3. TKIS Pelltlpn 8t CO"xhdanon In aignetl ty ~ phmen. plnpr tnan was tllM1e holders came m Simeonlp Nam.eea rn app n membvrb or tnv venire spares a Oiraadaplllpvan Fire Proleaion pibr,iclantl rem IX Nereunlp pmlmmng. ~ lgh[, ¢py or 9rre v it v6mge wool Fir@ Prolecbpn D'pvin ~b~ trpeF by roe n Ipre01 ! am/ d A TnB ndme of lKa new can6plidBled dblriti " I I/ o twn or atipupl,pn herepl. AN I e~cevenenle, ahWMIIpn9. promiua ntl g Aa nere,n eor eamed b tl nal v J,etl O@ Vag Fire Prplec[pn pi6lrin" .GpIDAp pE AVON 5. AI Shia 11mn. n w im a Vemanta Ip be , yan en ve l lee Tpwa 9heR Gbrlne mleanp@xduslve ~^S PatdCia J. UOyIe urchasvtl. Inslall@p or Irucbd dr0 3,acretaria de le pVldSd d A Pll ben0}u 0IlhOTOwn,aM anynatlnofeny 011he B VOn Ow:: property may be eCpVlr0d 59e sae lOr P ° c0"Si I bS N@lea end cpupem_ cap recppr9@ 9nall be had fdr the PSYman1 n!' tu u ,On of a now stalipn. All of In! shetl In Tn! Yeil Troll oh April 25, 1980 ~ __~, --- ~ rmProvemenfe pr060nl1y owned by each Of IM ""' naP eve Serclca Rrqunamemedme NOlesa v Haim beaetl Ih@reon a anarwlae upon • said mamas in M manle;netl M tM con9qudava d'ISidcl tnla OrtllneAOe aulhbrizing Iheu g9uanca or B,Agenara tlesmlplign of the bountlari@ea Public N ti env Aber Qemence pr maupmem pedalmnp Ne a o ce tea new ppnapgbaled dl5lhn.aa rncr will valet r o. ~peiltal any ir'tl'wdua mBmbns,pMy olhoer 0aep! spent a! 1n0 Town, chat. al the nm9 oI consolitlelipn, won avllicient NOTICE pP Cademly es l0 enable d property owner 10 present a Fau,e. nlMr dneaiy pr IntlirealY r0 h 1t e SPECIAL PDDLID HFANIHO tlelamme whahe, Or 1101 his propertYi9 wiinin T tl A uy l TOwA tlr al,0rwlse. wnelner by Hue Or anYOpMliMidlk sleNlaa ru100}IBw. un ry, pdI2B, 11Mp v11:00 p.m. aitltlialriet, i6 se11ormonEVhidt "p".atacM1ed The Town Cpuncll OI the Town 01 Ya~l wig karate dnd made pen 0@r¢Ot, IEanibS "A" ' Cnuler prpvHlonpby tM1a enlprCBlnanl Of any p@nCflY br aharwia0 ad 6ueh nobilit Il an e! Ipr COr'9~derallon of the SOrlOwinpp In taloned l0 ,s legal tleacriptlon pl tryv hoOntleriea of le eegqerd I@ Y il Vill i . y, y, rq Mtip ep@eWanw oI tip Nolen and 05a a a new conad tlateetl,9tr,clend age tl Vail lronaHeatl ICOMm@rei91 pyre! antl apmmprgidl G as puerish@tl rn Tne Vae Tra,IOn M II h 21 - pal CI IM s tlaratipn al th01r Neuenp ore I: mc . 28, The Yail VIIIagc Urban Deaig Gmee Pr@n. AP'iI 0 antl 11, lggoj. ePecielly wairetl antl raBe9pn. a Rninmb FIBne Yail LlonaHeOtl Urban Design CVlee ), Tn pl tM 6v0 erectors h h l n " . n, Ala anion nererorpre tenon IC011n[oreiatam In Ina plm,sipre pl IhiS w o s e l onabbia ine rirbl ~ebab pt Direpmre ar tip T9011hmewom plan lpr V54 VIIIege and Vel! C amrrane@a by the Town d ua Ollexera, end LIpn9Heatl. newly ean901rtleled dislrin wlrn lhPir lerma cal ahOrwr S¢ 00yy Ina Town tlireCled Ilj Prgen Toward tip Pr Ne. antl Tn° 90519 one policies for Vdll ["'loge and ppI909ge Inulr names, era e9lollOwa: Vall LipneHead. ROderl WarnOhJr.-TO carve until Eno t9ga Tne erShirBOt l itl l _ 121 Notes. TOware lha Salsa tldelire Ithe rye ura gu e inae for yn„Y81age regVla bienClel INeclion a d Va,I Upn9Head Michael M G T n NOlas for thpl Pwpow.de. one Iha5am0ller¢dy b rabl . c ee - p serve until tie 1$$q 2pninq Changes for CommarCpl Core I antl regular b,ennial election . pd. a pprovM antl mn}irmetl, H Facaimila $igrplbr@5_ Rlnuanl to Ne . COmmprp,al Core,ll. J. MucneX HoYi - T° aerv@ until the 1984 Vnllorm Facnlmil09pndiyra of Public OlfkiaN TOWN OF YAIL 0gyl .piennlel eleclioA r E Act. part 9 p9 yl,Ue 65 p 1111a 1t, COIaWe Revlaed $IelulBS lgli ae amendae, thv Maya . W,Iliam W,hO-TO nerve until ln¢ 1962 Ricnard Caplan Town Maria reguVar b,ennral election. 9e. one IM Town GMrX shall Idtrwhh, and in any Jpaepn Ruo11 - Tp aerv@ unllld Ina 1982 Publinhetl In Tn0 Vail Troll on April 25. 1980 ,0 kr b i MMlpfbrlo lnolimelhe NOleseretlaivmedlp mv wrcn.aer tharrpl gp won Ina cdprado ,enn al eleclipn, 9u - Tfat. Tnv names pr me hrv elvdora al the 't Secretary a Blale Ilwlr noel nlynauf05 n llotl dOpoaetl dishier lO COmpnse the liml board car , Ov Iham ruader ooh, ua,n9 a sudeble F0G9'mlle SlgruturP C@Hdicala la said public Notice tl„eclora OI th0 dnlnuy, if O[gamxed 19n0 the lmm for wnicn each is so be al0clep, will be purpose. I Ore,r,aACa Islapetlanle_ Tnie Ordlnanpa la. i aM il delamm0e by the aeptora 01 the proppaed INYaAT10N TO 810 tlistnn el Ina tonne, caior' rgan4ulbnat ~- v g cvmlitap a bgNlahve meaawaollha Town antlafl0rany of the Notes aralaaV@d.lhi5 Pleclipn. pursuand Iq idle 52. Adkcle I, Aarl 6 Michael Tnraanwillregeive hid99m erlphaaes C.R.S. t923, e90mentlad. Ordinarre0 shall ra lilula an sae COplraci between lee Town 6"tl lnernOltlaa of epnslruetion B trig 10x tlwe]Iing 1 g, It la not Obnlem I I approximately t.pp8 sq @ feel Ip fX pa etlthal b@f0 w,ll Oe any Ipitlen, pf 1110 Nd1Y: enb leis p/tlinanCa. Ea 511~ ~ tl igio n he n loE g F p O ~ ~ P g s aublpCl 10IM awislans pl $ecndns t and 6 nereol. it anY Nptee ere,n 95n issuetl hall be G a Sub iv r llpn pub , e IP ly. al C yn C3llan e xpenSes POhl,gne s Cof°red0. Unle MaY 2, 1988. The un'na writ be wih makp aCd9Atlepoailintheampppt dS50.e0 Inree abnea rn n andanell remdm nrepeeiaae unlillhp NOteS. as e,ghl end of basic reskenlldl wiin the Crrrk OI the Cgpd in t!w e+ent any Odtl conslrucllOn ,l gas nredlforcetl air antl p0pl sarvi[eneauirements, shah be logy 1 , i a ponae5 are incu,retl. a d ill m e an h0alirtg. Proppana oms of c ntract ydit'ronel pePOSila pata bontl a p1 d, Gnoelled artd dHOnerged, 85 herein prmb0tl J RapOalx. All 9eadalpru hylewa kern p . b provkOe tlOCUmenls intlutlin pI5C98ntl specll,eatipns WYStarule. In [tie event,I appPdr9lhal expenaea a rile al I~te Alice I Peen L. ^ be i tea , s pt the r n antes BullerlASSOCiaiea Ina ~ 000 Uon s Ritl e - , end Olnar Inatrumerll9. Or parts IM1ereol, g atprementitln0tl. LdOP. Yell Run Resort 6uiltlmp~ suilo 3U. Vad, In[onaialenl nerssWlh ere Mreby rep@a1etl 10 pplOrad08185TIPhorp~A]8-0Aetl end mayde VMEREFORE, yayr peillioners pray trier She the evlenl IY 01 auto irrcplplblen Thla ry 0°blametl by aXing a f25W retyntlable Court enter en ortle. consotketinglM p.wrnt epdaA Ia eecn eel Obtained antl re[ r I Mpeeler Snell ml M mrelNetl [o rer we any readullOn. byiawA Oltl@r, Br aner inslrumanr u ,eetl F n Yea Fire Prerecban Dialect enOlne pr@ae"IYal1 qq d Cenp,XOn wrlhm 10 daYS arrer bltl tlate Vll agp went Flre PrOlectlon pl$trlC1 10 be ~ ' , or pan tnereot, nmddvre repwfetl. + o MicarlaWtlar car to wiiv@!ha ri ^t Id re art any n as the "Vek F,ra P.0!@cl'on Diaries" b ~ Iprmalgie5 In " ' i ' K. s.r«eat119 , a'IY eM1an.lubeeniOM. ' pe rode Olaues u plMr l Y Oprtlance wiiM1 Ina aPpricebla Sfflta atalaree OWtl B- t ,~ et h M1 1 , - prpr »bn p} IMa artlin.nCO Mall far apYy pn 60 MM lab Inralyd ' r ,p elnSrantlproperral,etestM GOYd Published fn'Tlta veil Trail On Apd! 25; 19817 meV tleem proper. ~ ~ ~f pr IwWaGle- the InvaliellY 4 nlarwalhl~Iy NlreO/ahaH not afrea arW Of .°„ yT-.-.--- Y0.1L FIRF - ~- -~~- ' .pMplrrlp ~,a E•°ae~n~ a p a @COjO hna PROTECTION DISTRICT RlCnartl Caplan SecrelBr ' y lt ~ y re Urdnmp0 O . Y Publiehetl in Tne Yall -roll pUbIIC NOtECe L EmHpBaCY ard,rpnp, wa determin0d In pn April t8 antl 25. 1880 $eClia9 2C herept, sn emxganCy Os'sis ark thra ortllnanea la deartlee ,spCassary for 810 IN TrIE aIBTRICT COUNF - IN AND FOA THE CQUl/TY OF EAGLE - m preaervalipnOfpWllppropeny. Mallh,walar@. ' STATE OF COLORADO ' peace ark wlely, tM1aetpre, M Ia prWndnpa McIIlake aMnlmmetluld ChRACIIOnNO.epCY25 yappninb,kitnlOn eM puaepa_ IN THE'MAYiFN OF THE I,/ PubIIC Notice INTRODUCED, PA$$ED. ADOPTED. ~ aRORNIZATiON OF THE YAIL FIRE PROTECTION DISTRICT I TO WHOM iT MAV CONCERN antl ENADTEp, AP!'R VVED AND ORDERED PUBLISHED ONCE IN PU h . 1 lwflculprly tp Iha .91¢Cters a IM Yeii LL t is ld9h day Of April. a9w. CIVIV Anion NO t828 ; Maropoliten fleereetipn Olslncl al Eagle TOXVN OF VAIL j onl,nly. capradp. IN THE MATTER OF THE _ j NOTICE IS HEREBY GIVEN Ihe10n election ROdneY E. Slllm ORGANIZATION OF 7HE ' 1 will M held on Tye9dey. the s101h daY of May, _ ' Mav« ATTEST: COlreen M. Nllrp To w,r clerk ~ I ` l \ Rrblialpd In The Ve}I SrOd on April 25, Ig80 ~ 51 1l _--Y ~ ~ l 1 € ~ ~ i Public Notice M ry REALTY WORLD ' UNIC PLL EL Cnp TOWN OF AVON. COLORADO IS'E'RE THE BL~'ST AT WHAT WE Dt7. ,w tM wrn mo r Ina. n Inv altosp eletlpq wtp W eP11SMa011ne United 51aea tithe Heave elgMeen ftEl rearaprpver ho here neon renrdann M Ina stela of Calanilp. Ina Carnly a Eegl@ end Inn Town pr m Io1 3a nnya Heal aeceeaing me election one woo nary been eulr regraleretl. enrol tie Intetl to Ole al IXe [agular Munlcipa EpCiOn Regrtmk vans may vote Ipr IrKVW CeunpC pereem Tne INSp Gmd'dala9 receiNng Ina n gneal nymber yr ,pin alpu N aeaea for Twe bpowl~ng. wn ass nOm'nerpn9r have Eean duly liked. Mkain br 'I parson' R,cnartl Cuxney. WdlumnTlgml! pnYN. Ronald J. M[M~a~ E ~ABIIaa~RrKa, Alva James WblS rp~wit'Yeia nw `Ini: tma~ or Apra; i9~ the TOWN CF AvpN Patrkle J. Ooy1e Town Clem P9,aNhetl M the vas TraR On Aql l 25, 1980 a~ ra'JE1eeYaY.~ re..&r z".ytla~i~YiII~ BULLOCK'S ARABIAN HORSE RANCH This is more than just a ranch; it is a gentleman's showplace. 52 acres with a 4,040 plus sq. ft. home, private 500 gallon gas tank, horse barns, breaking corrals and spectacular views! CaEI Vince Gingras 945-5471 SuHe 3t1b-310 Volt tiratlon~ Bonk Bultdh9 Public Notice PA. Box 93l,A alt~C,~ofado e~a57 AtN80 PIIBLICa 9[ ELlCCN1N YINNCIPAL DE N 1 CUIDAD G AYON. CpleRAep