HomeMy WebLinkAbout1989-20 Concerning the Issuance of Local Improvement Bonds for the Booth Creek Local Improvement District'. U
~~ i ~ '~
STATE DF COLORAi30 }
COUNTY OF EAGLE ) 5S.
TOWN OF VAIL )
The Town Council of the Town of Vail, Colorado, met in
regular session in full conformity with the Town Charter and the
applicable laws, rules and regulations of the '!'awn, at the Vail.
Municipal Building, Vail, Colorado, the re~a.. ~ meeting place
thereof, on Tuesday, the 18th day of July, 1,989, at the hour of
7:30 p.m.
The following members of the Town Council were present:
Mayor: Kent R. Rose
Mayor Pro Tem: John C. Slevin
Cauncilmembers: Eric Affeldt
Merv Lapin
Gail Wahrlich-Lowenthal.
Michael Cacioppo
Thomas Steinberg
The following members of the Town Council were absent:
G{ls~u~
The following persons were also present:
Town Manager: Randall V. Phillips
Town Attorney: Lawrence A. Eskwith
Town Clerk: Pamela A. Brandmeyer
Director of Admini-
strative Services; Charier Wick
Thereupon the fallowing proceedings, among others, were
had and taken:
Council, Member (',e~,~°,ce.~.~J introduced and moved the
approval. on first reading of the following Ordinance, which was
then read by title, sufficient copies of the full Ordinance
having previously been made available to the Town Council and to
the public:
.,r r
After consideration of other business to come before
the Councils the meeting was adjourned.
Town Clerk
Town of Vail
(TOWN
SEAL)
..Zg-
• ~ , a ~..~
ORDINANCE N0. 20
Series of 1989
AN ORDINANCE CONCERNING THE ISSUANCE OF LOCAL
IMPROVEMENT BONDS OF THE TOWN OF VAIL,
COLORADO FQR THE BOOTH CREEK LOCAL
IMPROVEMENT DISTRICT; RATIFYING ACTION
HERETOFORE TAKEN IN CONNECTION THEREWITH;
PRESCRIBING DETAILS IN CONNECTION WITH SArD
BONDS AND DISTRICT; PRESCRIBING DUTIES OF
CERTAIN TOWN' OFFICIALS IN CONNECTION
THEREWITH; REPEALING ALL ORDINANCES AND OTHER
ACTION OF THE TOWN TO THE EXTENT INCONSISTENT
HEREWITH; AND pROVIDTNG OTHER MATTERS
RELATING THERETO.
WHEREAS, the Tawn of Vail (the "Town"), in the County
of Eagle and State of Colorado, is a municipal corporation duly
organized and existing as a home-rule fawn under Article XX of
the State Constitution and the Charter of the Town (the
"Charter"}; and
WHEREAS, pursuant to the Charter and the Town's Cade of
Ordinances (the nVail Codes}, the Town Council (the "Council"}
has by ordinance created within the corporate limits of the Town
a local improvement district known and designated as the Town of
Vail, Colorado Booth Creek Local Improvement District (the
pDistrict"), for the purpose of making certain local and special
improvements to mitigate rackfall damage (the "Improvements"),
and has determined to assess a portior~ of the cost thereof to the
parcels of property in the District specially benefited thereby;
and
WHEREAS, the Town has duly advertised for bids for such
Improvements based an estimates provided to the Council and has
entered into a construction contract for the construction and
installation of the Improvements; and
WHEREAS, in recognition of the general benefits
conferred by the Improvements, the Council has .determined to
contribute $2D,o00 from funds of the Town to the total estimated
-1- '
-~~ ~. S i •
cost of constructing and installing the Improvements, has
determined to assess the remaining costs against parcels of
property in the District (the "assessments") in an aggregate
amount not ~0 exceed $366,756 (eXCept as otherwise permitted by
the Charter and the Vail Code} in recognition of special benefits
conferred on owners of parcels of property in the District, and
has determined that local improvement bonds of the Town shall be
issued payable from such assessments.
BE TT ORDAINED BY THE TOWN COiTNCIL OF THE TOWN OF VAIL,
COLORADO:
Section 1. Issuance of Bonds Authorized. The Town and
its officers have determined and do hereby determine that it is
necessary acid for the best interest of the Tawn and the
inhabitants thereof that, pursuant to the Charter and the Vail
Code, the Town issue and sell bonds of the Town of Vail, Colorado
Booth Creek Local Improvement District in the aggregate principal
amount of $355,000 (the "bonds") at a price of $ 365,000 plus
accrued interest, for the purpose of paying the costs of
constructing and otherwise acquiring the Improvements and all
proper incidental expenses (including, without limitation,
capitalized interest on the bonds).
Section 2. Sale of Bonds. The Town has determined to
accept the offer of FirstBank of Vail to purchase all of
the bands for a price of $ ~h~,000 plus accrued interest.
Section 3. Approval of Estimates. The bonds are
herein authorized to be, and they shall be, issued based upon the
contract price far the Improvements and upon estimates of the
Town Manager, all of which hereby are approved by the Council.
Section 4. Completion of Improvements. The Town
covenants that the Improvements will be constructed and completed
with due diligence and in a timely manner.
Section 5. Bond Details. For the purpose of paying
the costs of the improvements, including ali proper incidental
expenses, there shall be issued in the name of the Town bonds
designated yTown of Vail, Colorado Booth Creek Local Improvement
-Z-
• • ~
District, Local Improvement Sonds, Series 1989," in the aggregate
principal amount of $365,000. The bonds shall be issuable in
fully registered form (i.e., registered as to payment of bath
principal and interest) payable to the registered owner thereof,
in the denomination of $5,000 each, shall be dated as of
August 15, 1989, shall be numbered consecutively in regular
numerical order from 1 through 73, inclusive, shall mature on
April 1, 1999, and shall bear interest from the date of the bonds
until maturity (unless redeemed prior to maturity) at the
interest rates herein set forth.
The following numbered bonds in the aggregate principal
amounts indicated shall bear interest at the following rates per
annum:
Bonds
Numbered Aggregate Principal Interest
{Inclusive) Amount Rates
1 to 7 $35,000 9.5~
8 to 12 25,000 9.5~
13 to 17 25,000 9.5$
16 to 23 30,000 9,5$
24 to 30 35,000 g,5~
31 to 37 35,000 9,5$
38 to 45 40,000 9.5~
46 to 54 45,000 - 9.5$
55 to 63 45,000 g,5~
64 to 73 50~p00 9.5~
Bonds which are reissued upon transfer or other
replacement shall bear interest- from the most recent interest
payment date to which interest has been paid or duly provided far
or, if no interest has been paid, from the date of the bonds,
such interest being payable to the registered owners of the bonds
on April 1, 1990, and semiannually thereafter on April 1 and
October 1 of each year. The principal of the bonds is payable to
the registered owner thereof as shown on the registration books
of the Town kept by Central Sank Denvex~„n Denver , Colorado,
or its successor (the ^'registrar"y, upon presentation and
surrender at the office of Central Bank •Denver in Denver ,
. .~,~
.. ~...
-3~-
~~, ~ i
~ ~
Colorado, or its successor (the "'paying agent"'). ~f, upon
presentation of any bond at maturity, payment is not made as
therein provided, interest thereon shall continue at the same
rate per annum previously borne by the bond, until the principal
thereof is paid in full.
Payment of interest on any bond shall be made to the
registered owner thereof by check or draft mailed by the paying
agent on or before each interest payment date (or, if such
interest payment date is not a business day, on or before the
next succeeding business day), to the registered owner thereof at
his address as shown on the registration books kept by the
registrar at the close of business on the fifteenth day (whether
or not a business day) of the calendar month preceding the
interest payment date; but any such interest not so timely paid
shall cease to be payable to the person who is the registered
owner thereof at the close of business on such day and shall be
payable to the person who is the registered owner thereof at the
close of business on a special record date for the payment of any
such defaulted interest. Such special record date shall be fixed
by the registrar whenever moneys becomes available for payment of
the defaulted interest, and notice of the special record date
shall be given to the registered owners of the bonds not less
than ten days prior thereto by first-class mail to each such
registered owner as shown on the registration books on a date
selected by the registrar, stating the date of the special record
date and the date fixed for the payment of such defaulted
interest. The paying agent may make payments of interest by such
alternative means as may be mutually agreed to between the owner
of any bond and the paying agent. All such payments shall be
made in lawful money of the United States of America without
deductian for the services of the paying agent or registrar.
Section 6, Prior Redemption. All of the bands shall
be subject to redemption prior to maturity at the option of the
Town in regular numerical order on any bond interest payment
date, at a price equal to the principal amount thereof plus
-+~ -
accrued interest to the redemption date. Whenever there are
available moneys {other than amounts deposited therein as accrued
and capitalized interest) in the "Town of Vail, Colorado Booth
Creek local improvement District, 1989 Bond Retirement Fund" (the
Bond Fund") which is hereby created, in excess of the amount
required to pay interest on the bonds then outstanding on the
next interest payment date, the Town shall exercise its option to
redeem on the next practicable interest payment date a suitable
number of bonds outstanding.
Nothing herein shall preclude the Town from refunding
all or a portion of the bands or from exercising its right to
redeem bonds prior to maturity from any available source of
funds.
Notice of prior redemption shall be given by the paying
agent in the name of the Town lay sending a copy thereof by
certified or registered first class mail, postage prepaid, to the
registered owner of each bond designated for redemption at his
address as it appears on the registration books as of the close
of business on the day preceding the mailing of such notice.
Such notice shall specify the number or numbers of the bonds to
be so redeemed and the date fixed for redemption, and shall
further state that on such date there wi1.l be due and payable
upon each bond so to be redeemed at the office_ of the paying
agent the principal amount thereof plus accrued interest to the
redemption date, and that from and after such date interest shall
cease to accrue. Notice having been given in the manner
hereinabove provided, the bond or bands so called shall become
due and payable on the date so designated, and upon presentation
thereof at the paying agent, the Town will pay the bond or bonds
so called. Failure to give notice by mailing or any defect in
such notice shall not affect the validity of the proceedings for
the redemption of any other bonds. Any notice mailed as herein
provided shall be conclusively presumed to have been given,
whether or not received, Any bonds redeemed prior to maturity
shall be cancelled by the Paying Agent.
~-
Section 7. Req.-n>~ration and "Transfer. The Town shall
cause to be kept at the principal office of the registrar boa3cs
for the registration and transfer of bonds. Upon surrender for
transfer of any bond at the principal office of the registrar,
fully endorsed for transfer or accompanied by an assignment duly
executed by the registered owner or his attorney duly authorized
in writing, the registrar shall authenticate and deliver in the
name of the transferee a new bond bearing the same number as the
bond being surrendered. A11 bonds issued upon any transfer shall
be the valid obligations of the Town evidencing the same
obligation ~:~d entitled to the same security and benefits under
this ordinance as the bonds surrendered upon such transfer. The
registrar shall require the payment by the owner of any bond
requesting transfer of any tax or other governmental charge
required to be paid with respect to such transfer, and the
registrar may further impose a reasonable service charge for any
transfer of bonds.
The registrar shall not be required to transfer any
band during a period beginning at the opening of business 15 days
before the day of mailing by the registrar of a notice of prior
redemption of bonds and ending at the close of business on the
day of such mailing, nor, with respect to a particular bond after
the publication or the mailing of notice calling such bond for
prior redemption.
As to any bond, whether or not such bond be overdue,
the person in whose name the same sha11 be registered shall be
deemed and regarded as the absolute owner thereof for the purpose
of making payments thereof and for all other purposes {except to
the extent otherwise provided in Section 5 hereof} and neither
the Town, the registrar, the paying agent nor any other agent of
the Town shall be affected by any notice to the contrary. Except
as otherwise provided in Section 5 hereof, payment of either
principal or interest on any bond shall be made only to or upon
the written order of the registered owner thereof or his legal
representative, but such registration may be changed as
-6-
hereinabove provided. All such payments shall be valid and
effectual to satisfy and discharge the liability upon such bond
to the extent of the sum or sums paid.
If any bond shall be lost, stolen, destroyed or
mutilated, the registrar shall, upon receipt of such evidence,
information or indemnity relating thereto as it or the Town may
reasonably require, and upon payment of all expenses in
connection therewith, authenticate and deliver a replacement bond
bearing the same number as the lost, stolen, destroyed or
mutilated bond. If such lost, stolen, destroyed or mutilated
bond-shall have matured or shall have bean called for redemption,
the registrar may direct that such bond be paid by the- paying
agent in lieu of replacement.
All bonds surrendered for redemption, payment ar
transfer, if surrendered to the paying agent, shall be cancelled
by the paying agent, and, if surrendered to any person other than
the paying agent, shall be delivered to the paying agent for
cancellation.
Section 8. Negotiability. Subject to the registration
provisions of this ordinance, the bonds shall be fully negotiable
and shall have all the qualities of negotiable paper, subject to
the registration and payment provisions stated herein, and the
owner or owners thereof shall possess all rights enjoyed by
holders of negotiable instruments under the provisions of the
"'Uniform Commercial Code - Investment Securities."
Section 9. Execution and Authentication. The bonds
shall be executed in the name of the Town with the facsimile
signature of the Mayor, shall bear the facsimile seal of the
Town, shall be attested by the facsimile signature of the Town
Clerk, and shall 3~e authenticated by the manual signature of a
duly authorized officer of the registrar. The bonds bearing the
signatures of the officers in office at the time of the
authorization thereof shall be the valid and binding obligations
of the Town (subject to the requirement of authentication by the
registrar), notwithstanding that any or all of the persons whose
-7-
~- ; , ! ~ ~'
signatures appear thereon shall have ceased to fill their
respective offices. Pursuant to the Uniform Facsimile Signature
of Public Officials Act, part 1 of article 55 of title 1.1,
Colorado Revised Statutes, the Mayor and Town Clerk shall prior
to delivery of the bonds file with the Secretary of State of
Colorado their manual signatures certified by them under oath.
No band shall be valid or obligatory for any purpose
unless the certificate of authentication, substantially in the
form hereinbelow provided, has been duly executed by the
registrar. The registrar's certificate of authentication shall
be deemed to have been executed by it if manually signed by an
authorized officer or employee of the registrar, but it shall not
be necessary that the same officer or employee sign the
certificate of authentication on all of the bonds issued
hereunder. Hy authenticating any of the bonds delivered pursuant
to this ordinance, the registrar shall be deemed to have assented
to alb. of the provisions of this ordinance.
Section 10. Payment of Bonds. The bonds authorized by
this ordinance and the interest thereon shall be payable (except
as provided in Section 12 hereof) solely from moneys in the Bond
Fund, consisting only of moneys collected {principal, interest
and penalties, if any) from the assessments to be levied to pay
for the Improvements (except to the extent that such moneys are
payable to the Town as a reimbursement pursuant to Section 11
hereof}; provided that any proceeds from the sale of the bonds,
other than such proceeds deposited in the Bond Fund to be used to
pay interest on the bonds, remaining after the payment of all the
costs and expenses of making the Improvements shall be deposited
in the Hond Fund and used far bond redemption. Any assessments
in the Hand Fund remaining after the bands, both principal and
interest, are paid in full (and after any reimbursement due the
Town}, shall to the extent required by the Charter be deposited
in the Town's surplus and deficiency fund created pursuant to
Section 1.0.8 of the Charter. Immediately upon the collection of
any assessments (including interest and any penalties thereon),
~- 8-
.~i
the moneys therefrom shall be deposited in the Bond Fund (except
to the extent that such moneys are payable to the Town as a
reimbursement pursuant to Section 1z hereof), and said fund is
and-wi11 continue to be irrevocably and exclusively pledged for
the payment of the principal of and the interest on the bonds.
Section 11. Surplus and Deficiency Fund; Town payment
of Bonds and Reimbursement. Pursuant to Section 10.8 of the
Charter, whenever there is a deficiency in the Bond Fund to make
the payment of principal and interest on the outstanding bonds
when due, such deficiency shall be paid out of the Town's surplus
and deficiency fund created pursuant to Section 10.8 of the
Charter. Further, whenever three-fourths of the bonds have been
paid and cancelled and for any reason the remaining assessments
are not paid in time to take up the remaining bonds and the
interest due thereon, and there is not sufficient money in the
Town's surplus and deficiency fund, then the Town shall pay the
bands when due and interest thereon, and reimburse itself by
collecting the unpaid assessments due the District.
Section 12. Bonds Not a Debt of Town. The bands shall
not be a debt of the Town, and the, Tawn sha11 not be liable
thereon, nor shall it thereby pledge its full faith and credit
for their payment, nor shall the bonds be payable out of any
funds other than the special assessments and other moneys pledged
to the payment thereof, as herein provided. The payment of bonds
is not secured by an encumbrance, mortgage or other pledge of
property of the Town except for such special assessments. No
property of the Town, subject to said exception, shall be liable
to be forfeited or taken in payment of the bonds.
Section 1.3. Form of Bonds. The bonds and the
registrar's certificate of authentication shall be in
substantially the following farms, with such amisszons,
insertions. endorsements and variations as to any recitals of
fact or other provisions as may be required by the circumstances,
be required or permitted by this ordinance or be consistent with
this ordinance and necessary or appropriate to conform to the
-~-
rules and requirements of any governmental authority or any usage
or requirement of law with respect thereto, and provided that any
of the text on the face of the bonds may, with appropriate
reference, be printed on the back of the bonds:
-1ti-
. ~'r
(Farm of Band)
STATE OF COLORADO
UNITED STATES OF AMERICA
COUNTY OF EAGLE
TOWN OF VAIL, COLORADO
HaOTH CREEK LOCAL IMPROVEMENT DISTRICT
LOCAL IMPROVEMENT BONDS
SERIES 1989
NO.
Interest Rate
9.5 ~
Maturity Date
April ~., 1999
CUSTP
Dated as of Number
August 15, 1989
REGISTERED OWNER:
PRINCIFAL AMOUNT:
$5,Q00
The Town of Vail {the "Town"') in the County of Eagle
and State of Caiorado, a municipal corporation duly organized and
existing, for value received, hereby promises to pay to the
Registered Owner identified above, or registered assigns, upon
presentation and surrender hereof at the principal office of
~,ntra~, Bank Oan~zerin Denver , Colorado {the "Paying Agent") ,
the Principal Amount identified above on the Maturity Date
identified above (subject to the right of prior redemption
hereinbelow mentioned), and to pay interest on the Principal
Amount from the most recent interest payment date to which
interest has been paid or duly provided for or, if no interest
has been paid, from the date of this Band, at the Interest Rate
per annum identified above, payable an April 1, x.990 and semi-
annually thereafter on April 1 and October 1 of each year, until
payment of the Principal. Amount hereof has been made. Interest
on this Bond will be paid on or before each interest payment date
(or, if such interest payment date is not a business day, an or
before the next succeeding business day) to the registered owner
of this Band by check or draft mailed to such registered owner at
~-,11-
r
the address appearing on the registration books kept far that
purpose at the office of Central Bank Denyerin Denver ,
Colorado, as Registrar, at the close of business on the fifteenth
day (whether or not a business day) of the calendar month
pz:eceding the interest payment date (the "Regular Record Date').
Any such interest not so timely paid shall cease to be payable to
the person who is the registered owner hereof at the close of
business an the Regular Record Date and shall be payable to the
person who is the registered owner hereof at the close of
business on a Special Record Date for the payment of any
defaulted interest. Such Special Record Date shall be fixed by
the Registrar whenever moneys become available fox payment of the
defaulted interest, and notice of the Special Record Date shall
be given to the registered owners of the Bonds of the series of
which this is one not less than ten days prior thereto.
Alternative means of payment of interest may be used if mutually
agreed to between the owner of any Bond and the Paying Agent, as
provided in the ordinance authorizing the issuance of the Bonds
(the "Bond Qrdinance"). The principal of and interest on this
Bond are payable in lawful money of the United States of America,
without deduction for the services of the Paying Agent or
Registrar. If upon presentation and surrender of this Bond to
the Paying Agent at maturity payment of this Bond is not made as
herein provided, interest hereon shall continue at the Interest
Rate identified above until the Principal Amount hereof is paid
in full.
This Bond is one of a series subject to prior
redemption in regular numerical order by and at the option of the
Town of Vail, an any interest payment date, at a price equal to
the principal amount thereof with accrued interest to the
redemption date. Whenever there are available moneys {other than
amounts deposited therein as accrued and capitalized interest) in
the Bond Fund in excess of the amount required to pay interest on
the bonds then outstanding on the next interest payment date, the
x-12
Town will exercise its option to redeem on the next practicable
interest payment date a suitable number of bonds outstanding.
Nothing shall preclude the Town from refunding all or a
portion of the bonds or from exercising its right to redeem bonds
prior to maturity from any available source of funds.
Redemption shall be made upon giving prior notice by
mailing to the owner of this Bond at his address as~ the same
appears upon the registration books, in the manner and upon the
conditions provided in the Bond Ordinance.
The Registrar will not be required to transfer any Bond
during a period beginning at the opening of business 15 days
before the day of the mailing by the Registrar of a notice of
prior redemption of Bonds and ending at the close of business an
the day of such mailing, or, with respect to a particular Bond,
after the mailing of notice calling such Bond for prior
redemption.
This Sond is one of a series of local improvement Bonds
numbered consecutively from z to 73, both inclusive, issued by
the Town of Vail. and maturing an April 1, 1999, all' of which are
of like designation, and which are in the aggregate principal
amount of $365,000. Said Bond series is issued in payment for
local improvements made in the Town of Vail, Colorado Booth Creek
Local Improvement District pursuant to and in accordance with the
Charter and the Vail Code, the ordinance creating the District,
and all laws and proceedings thereunto enabling.
Pursuant to the Band Ordinance, reference to which is
made for further details, the principal of and the interest on
the Bonds of the series of which this is one shall be payable
solely Pram a special fund designated "Town of Vail, Colorado
Booth Creek Local Improvement District, 1989 Bond Retirement
Fund" (the pBond Fund") consisting of moneys co~.lected by the
Town of Vail. from the special assessments (principal, interest
and penalties, if anyy to be levied against all the assessable
parcels of land in the District, to the extent provided in the
Bond Ordinance; provided that any proceeds from the sale of the
-13-
,'
Bands, other than such proceeds deposited in the Bond Fund to be
used to pay interest on the Bands, remaining after the payment of
all the costs and expenses of making the local improvements shall
be deposited in the Bond Fund and shall be used far bond
redemption. The Bond Fund is irrevocably and exclusively pledged
for the full and prompt payment of all the Bonds. Tf there is a
deficiency in the Bond Fund to meet the payment o£ the
outstanding Bands and interest due thereon, the deficiency shall
be paid out of any moneys available therefor in the surplus and
deficiency fund created pursuant to Section I0.8 of the Town's
Charter, Whenever three-fourths of the Bonds have been paid and
cancelled and for any reason the remaining assessments are not
paid in time to take up the remaining Bonds and interest due
thereon, and there is not sufficient money in the surplus and
deficiency fund, then the Tawn shall pay the Bonds when due and
the interest thereon and reimburse itself by collecting the
unpaid assessments due the District.
All assessments shall be a lien in the several amounts
assessed from the effective date of the assessment ordinance to
be adopted by the Town upon completion of the Local improvements
in the District. The lien for such assessments shall be prior
and superior to all other liens except general tax liens, other
assessment liens, and possibly other Liens imposed by the State
of Colorado or its political subdivisions ar by the United States
of America or any agency or instrumentality thereof. In the Bond
drdinance, the Town covenants to levy and collect assessments
against all assessable parcels of property in the District and to
diligently enforce the lien of the assessments against the
property subject thereto,
It is hereby certified, recited and declared that the
principal amount of the Bonds does not exceed the amount
authorized by law to be issued. It is hereby also certified,
recited and declared that the proceedings taken to date with
reference to issuing the Bonds and to making such local
improvements have been regularly had and taken in compliance with
-14-
~ ~ ~
law; that ali prerequisites to issuing the Bonds have bean
performed; and that all acts, cond~.tions and things essential to
the validity of this Bond exist, have happened and have been done
in due time, form and manner as required by law.
The Bonds are not a debt of the Town and the Town is
neither liable thereon, nor has it pledged its full faith and
credit fnr their payment, nor are the Bonds payable out of any
funds other than special assessments and other amounts pledged to
the payment thereof as herein stated. The payment of the Bonds
is not secured by an encumbrance, mortgage or other pledge of
property of the Town except for such special assessments pledged
for the payment of the Bonds. No property of the Town, subject
to said exception, shall be liable to be forfeited or taken in
payment of the Bands. '
The Town has designated the Bonds of the series of
which this is one as a qualified tax exempt obligation pursuant
to Section 265(b) (3) (B) of the Internal Revenue Code of 2986, as
amended.
This Bond is fully transferable by the registered owner
hereof in person or by his duly authorized attorney on the
registration books of the Town kept at the office of the
Registrar upon surrender of this Band together with a duly
executed written instrument of transfer satisfactory to the
Registrar. Upon such transfer a new Bond of the same principal
amount and bearing the same number will be issued to the
transferee in exchange for this Bond, on payment of such charges
and subject to such terms and conditions as are set Earth in the
Bond Ordinance. The Town, the Registrar and the Paying Agent may
deem and treat the person in whose name this Bond is registered
as the absolute owner hereof, whether or not this Bond shall be
overdue, for the purpose of receiving payment and for alI other
purposes except to the extent otherwise hereinabove and in the
Sond Ordinance provided with respect to the payment of interest,
and neither the Town, the Registrar nor the Paying Agent shall be
affected by any notice to the contrary.
_~..
~~
This Bond must be registered in the name of the owner
as to both principal and interest on the registration books kept
by the Registrar a.n conformity with the provisions stated herein
and endorsed hereon and subject to the terms and conditions set
forth in the Bond Ordinance. Na transfer of this Bond shall be
valid unless made an the registration books maintained at the
principal office of the Registrar by the registered owner or his
attorney duly authorized in writing.
This Bond shall not be valid or obligatory for any
purpose until the Registrar shall have manually signed the
certificate of authentication hereon.
IN TESTIMONY WHEREOF, the Town Council of the Town of
Vail has caused this Bond to be executed with the facsimile
signature of the Mayor, and to be signed and attested with the
facsimile signature of the Town Clerk under the facsimile seal of
the Town.
Signed:
(Facsimile Signature)
Mayor
(FACSIMILE SEAL)
Attest:
(Facsimile Signature)
Town Clerk
-16-
~ r ~
Certificate of Authentication for Bond
This is one of the Bonds described in the within-
mentianed Bond ordinance, and this Band has been duly registered
an the registration books kept by the undersigned as Registrar
for such Bonds.
Registrar
Date of Authentication: By
17-
Colorado, as
Authorized Representative
f
~. ~ . • i •
ASSIGNMENT FOR BOND
FOR VALUE RECEYVED the undersigned hereby sells,
assigns and transfers unto the
within Bond and irrevocably appoints ,
attorney-a.n--fact, to transfer the within Bond on the books kept
for registration thereof, with full power of substitution in the
premises.
Dated:
NOTYCE: The signature to Signature Guaranteed:
this assignment must correspond
with the name as it appears
upon the face of the within Bond
in every particular, without any
alteration whatsoever.
Address:
Tax Identification Number or
Social Security Number(s):
(End of Form of Bond)
-lg_
Section 14. Delivery and Atiplication of Proceeds.
When the bonds have been duly sold, executed and registered, the
Town shall deliver the bands to the lawful purchaser thereof on
receipt of the purchase price. The registrar shall initially
register the bonds in the name of the purchaser, or in the names
of such transferees as the purchaser may designate in writing or
writings satisfactory to the registrar, or any combination
thereof as directed by the purchaser. The proceeds of the bands
(excluding accrued interest and capitalized interest} shall be
deposited into the nTown of Vail, Colorado Booth Creek Local
Improvement District Construction Fund's (the 'Construction Fund"}
which is hereby created, and applied solely to defray the costs
and expenses of making the Improvements (including incidental
expenses and costs related to the issuance of the bonds}. All
moneys received as accrued interest and capitalized interest
shall be deposited into the Bond Fund to apply to the payment of
a portion of the interest due on the bonds through April 1, 1990.
All moneys received as investment income on the Bond Fund shall
be retained in the Bond Fund. All moneys received as investment
income on the proceeds of the bonds shall either be used to pay
for the Improvements or incidental costs or to pay principal of
or interest on the bonds as the Town determines. The purchaser
of the bonds shall in no manner be responsible for the
application by the Town, or any of its officers; of any of the
funds derived from the sale thereof.
Section ~.5. Levy of Assessments, The Town shall cause
the assessments to be levied and collected as provided by law for
the benefit of.the registered owners of the bonds. The Town
hereby covenants for the benefit of each owner of the bonds that
the costs of the Improvements in amounts sufficient, together
with any excess bond proceeds as provided in Section 10 hereaf,
to provide for payment of the bonds and interest thereon, shall
be apportioned, levied and assessed against the assessable
parcels in the District, in accordance with the Charter and the
Vail Code, by ordinance to be hereafter adopted. Further, the
..gg,
Town covenants that such assessments will bear interest at a rate
which is at least equal to the highest rate of interest on the
bonds and payable in one payment or in ten annual installments of
principal, on March 1 of each year commencing on March 1, 1990,
with interest on the unpaid principal balance of the assessment,
payable annually on March 1 of each year commencing March 1,
1990. The Town hereby covenants to use its best efforts to
insure that such assessments are levied as soon as possible upon
substantial completion of the Improvements and to diligently
enforce the lien of the assessments against the property subject
thereto.
Section 16. Assessment Revenues. All moneys received
from such assessments, including interest and any penalties
thereon (except to the extent that such moneys are payable to the
Tawas as a reimbursement pursuant to Section X1 hereof}, shall be
deposited into the Bond Fund and said moneys, along with any
other moneys deposited into the Bond Fund pursuant to the
provisions of this ordinance, shall be used for the purpose of
paying the principal of and interest on the bands and for no
other purpose whatsoever, and as security for such payment the
Bond Fund is hereby exclusively pledged.
Section 17. Books and Records. So long as any of the
bonds remain outstanding, the Town will keep or cause to be kept
true and accurate books of records and accounts showing full and
true entries covering the collection and disposition of special
assessments as well as any delinquencies in the collection
thereof, covering deposits and disbursements in the Bond Fund,
the redemption of bonds, both principal and interest, and
disbursements to defray the cost of the Smprovements, including
incidental expenses; and the Town will permit an inspection and
examination of all books and accounts at all reasonable times by
a representative of the original purchaser of the bonds.
Section 18. Resignation of Registrar or Paying Agent.
If the registrar or paying agent initially appointed hereunder
shall resign, or if the Town shall reasonably determine that said
-2 (~-
registrar or paying agent has become incapable of fulfilling its
duties hereunder, the Town may, upon notice mailed to each
registered owner of the bonds at his address last shown on the
registration books, appoint a successor registrar or paying
agent, or both. No such resignation or dismissal may take effect
unti3 a successor is appointed. Every such successor registrar
or paying agent shall be a bank or trust company located in and
in good standing in the State of Colorado. It shall not be
required that the same institution serve as bath registrar and
paying agent hereunder, but the Town shall have the right to have
the same institution serve as both registrar and paying agent
hereunder.
Section 19. Authorized Action. The officers of the
Town hereby are authorized and directed to take all action
necessary or appropriate to effectuate the provisions of this
ordinance, including, without limiting the generality of the
foregoing, the printing of the bonds (which may include thereon
an opinion of bond counsel and related certification by the Town
Clerk}, the execution of such certificates as may reasonably be
required by the initial. purchaser thereof or band counsel,
relating, inter olio, to the signing of the bonds, the tenure and
identity of the municipal officials, the absence and existence of
factors affecting the exemption of interest on the bonds from
federal income taxation, the accuracy of property descriptions,
the delivery of the bonds and the absence of litigation pending
or threatened affecting the validity of the bonds, if such is in
accordance with the facts, and the execution of a bond purchase
contract and appropriate agreements with respect to the services
of paying agent and registrar.
Section 20. Bondholders Rights and Remedies. Any
owner of any one or more of the bonds may, either at law or in
equity,• by suit, action, mandamus or other appropriate
proceedings in any court of competent jurisdiction, protect the y
lien created by this ordinance on the proceeds of said
assessments and the moneys in the Bond Fund, •and may by suit,
-21-~
action, mandamus ar other appropriate proceedings enforce and
compel the performance of any covenant of the Town ar any duty
imposed upon the Town by the provisions of this ordinance, or any
ordinance heretofore or hereafter adopted concerning the
District, including, without limiting the generality of the
foregoing, the segregation of assessments into the Bond Fund, the
proper application thereof and the appointment of a receiver. The
failure of any such owner so to proceed shall not relieve the
Town, the Council or any of the Town's officers, agents or
employees of any liability far failure to perform any such duty.
No remedy or right conferred by this ordinance is intended to be
exclusive of any other remedy or right, but each such remedy or
right is cumulative and may be pursued without waiving any other
remedy or right.
Section 21,. Tax Covenants. The Town covenants for the
benefit of the owners of the bonds that it will not take any
action or omit to take any action with respect to the bonds, the
proceeds thereof, any other funds of the 'T'own, or any facilities
financed with the proceeds of the bonds if such action or
omission would (i) cause the interest on the bonds to lose its
exclusion from gross income for federal income tax purposes under
Section 103 of the Internal Revenue Code of 1986, as amended (the
"Tax Code"), (ii) cause interest on the bands to lose its
exclusion from alternative minimum taxable income as defined in
Section 55(b}(2) of the Tax Cade except to the extent such
interest is required to be included in the adjusted net book
income and adjusted current earnings adjustments applicable to
corporations under Section 56 of the Tax Code in calculating
corporate alternative minimum taxable income, (iii) subject the
Town to any penalties under Section 1.48 of the Tax Code, or
(iv} cause interest on the bonds to lase its exclusion from
Colorado taxable income or Colorado alternative minimum taxable
income under present Colorado law. The foregoing covenant shall
remain in full force and effect notwithstanding the payment in
full or defeasance of the bonds until the date an which all
-za-
• i • . ~~
obligations of the Town in fulfilling the above covenant under
the Tax Code and Colorado law have been met.
Section 22. Designation as S~uaiified Tax-exempt
Obligation. The Town hereby designates the bonds as a qualified
tax-exempt obligation for purposes of Section 265(b)(3}(B) of the
Tax Code.
Section 23. Amendment or Supplement of Ordinance.
This ordinance may be amended or supplemented by an ordinance or
ordinances adopted by the Town Council in accordance with the
Charter and the Vail Code with or without the receipt by the Town
of any additional consideration, with the written consent of the
owners of 75 percent of the bonds authorized by this ordinance
and outstanding at the time of the adoption of such amendatory or
supplemental ordinance, provided, however, that no such ordinance
shall have the effect of permitting:
(a) an extension of the maturity of any bond
authorized by this ordinance without the
written consent of the owner of the
bond; or
(b) a reduction in the principal amount of
any bond or the rate of~interest thereon
without the written consent of the owner
of the bond; or
(c} the creation of a lien upon or a pledge
of property, revenues or funds, ranking
prior to the liens or pledges created by
this ordinance; or
(d) a reduction of the principal amount of
bonds required for consent of such
amendatory or supplemental ordinance.
Section 24. Ratification. All action (not
inconsistent with the provisions of this ordinance) heretofore
taken by the Town, the Council and the officers of the Tawn,
directed toward the creation of the District, the construction
and other acquisition of the Improvements therein, the sale and
-23-
r
• ~ • •
issuance of the bonds, and the Levy of assessments for that
purpose, hereby is ratified, approved and confirmed.
Section 25. Ordinance Irrepealable. After the bonds
have been issued, this ordinance shall constitute a contract
between the Town and the owner or owners of the bonds and shall
be and remain Irrepealable until the bonds and the interest
accruing thereon shall have been fully paid, satisfied and
discharged.
Section 25. Limitation on Challenge. After the
expiration of 30 days from the date of final adoption and
approval of this ordinance, all actions or suits attacking its
findings, determinations and contents or questioning the legality
of the bonds and all proceedings relating thereto shall be
perpetually barred, and the ordinance and bonds shall be
conclusive of the facts stated therein and shall be conclusively
deemed valid and legal in every court or tribunal and shall not
be open to contest for any reason.
Section 27. SeverabilitY. If any section, paragraph,
clause, or provision of this ordinance shall be held to be '
invalid or unenforceable, the invalidity or unenforceability of
such section, paragraph, clause, or provision shall not affect
any other provision of this ordinance.
Section 28, Repealer. All ordinances, resolutions,
bylaws and regulations of the Town in conflict with this
ordinance are hereby repealed to the extent only of such
inconsistency.
Section 29. Recording; Effective Date. Immediately
upon its final passage, this ordinance shall be recorded in the
Town hook of ordinances kept for that purpose, authenticated by
the signatures of the Mayor and the Town Clerk and shall be
-2 4 -
r'
• ~ ~ .. ~
published in The Vail Trail, a legal newspaper of general
circulation in the Town. This ordinance shall take effect five
days following its publication after final passage.
INTRODUCED AND APPROVED ON FIRST READING qn Ju1y Z8,
1989.
Mayor ~'
.,
( SEAL
Attest:
~., Town Clerk
ADOPTED AND APPROVED on August 1, 1989.
~ ~ J 7 c_s~-f'
Mayor
(SEAL) ,
Attest:
Town ~Cle~k
?.3-
.. ~. i ~ !
Council Member rt~~ duly seconded
the motion, and the question being upon the approval on first
reading of the foregoing ordinance, the roll was called with the
following result:
Council Members voting "Yes": Kent R. Rose
John C. Slevin
Eric Affeldt
Merv Lapin
Gail Wahriich-Lowenthal
Michael Cacioppo
Th1~o~mas Steinberg
Council Members voting "No"; 6Vaf~Q,
Council Members having voted in favor of said
motion, the Mayor thereupon declared the Ordinance duly approved
on first reading and directed that the Ordinance, as approved, be
published once in full in The Vail Trail, a newspaper of general
circulation within the Town and legally qualified for Town
publications, and that notice of the August 1, i9s9 public
hearing on the ordinance be published as required by the Vail
Code.
After consideration of other business to come before
the Town Council, the meeting was adjourned.
Town Clerk
Town of Vail
(TOWN
SEAL}
2fi-
~ ~ i .~ ..
published in The Vail Tram., a legal newspaper of general
circulation in the Tawn. Tha.s ordinance sha~,l take effect five
days following its publication after final passage.
INTRODUCED AND APPROVED QN FIRST READING on July 1.8,
x,989.
Mayor
(SEAL)
Attest:
Town Clerk
ADOPTED AND APPROVED on August 1, ],989.
(SEAL)
Attest:
.~-
,~ ~rLu~c~'inc.u.,cc.~.~
Town Clerk
Mayor
Z5-
~. •
STATE OF COLORADO )
COUNTY OF EAGLE ) SS.
TOWN OF VATL )
The Town Council of the Town of Vail, Eagle County,
Colorado, met in regular session, in full conformity with the
Town Charter, ordinances and all other applicable laws, rules and
regulations, at the Municipal Building in Vail, Colorado, the
regular meeting place thereof, an Tuesday, the 1st day of August,
1989, at the hour of 7:30 p.m.
The following members of the Tawn Council were present:
Mayor: Kent R. Rose
Mayor Pro Tem: John C. Slevin
Council Members: ~ Eric Affeldt
Merv Lapin
Gail Wahrlich-Lowenthal
Michael Cacioppo
Thomas Steinberg
The following members of the Tow
n Council were absent:
1
The following persons were also present:
Town Manager: Rondail V. Phillips
Town Attorney: Lawrence A. Eskwith
Town Clerk: Pamela A. Brandmeyer
Director of Admini-
strative Services: Charles Wick
Thereupon the following proceedings, among others, were
had and taken:
The Mayor informed the Town Council that Ordinance
No. p~, Series of 1989, which was introduced, read by title,
passed on first reading, approved and ordered published in full
at a regular meeting of the Town Council held on July 18, 1989,
_~ ~...
• ~ • ~ `-
was duly published in full in The Vail Trail, a newspaper of
general circulation in the Town, in its issue of July 21, 1989,
and that the publisher's affidavit of said publication is now on
file in the office of the Town Clerk.
Council Member ~RaQ,,2, then introduced
said Ordinance a second tame and read the Ordinance by its title,
sufficient copies of the full Ordinance having previously been
made available to the Town Council and to the public.
The Mayor then declared that this was the tame and
place for a public hearing on the Ordinance and the meeting was
then opened for such purpose. After all persons had been given
an opportunity try speak, the hearing was declared closed.
Council Member ~~~~ moved the final
approval an second reading of said Ordinance.
Council Member ~~1 duly seconded the
motion, and the question being upon the final approval on second
reading of the sand Ordinance, the roll was called with the
following result:
Council Members voting "Yes": Kent R. Rase
John C. Slevin
Eric Affeldt
Merv Lapin
Gail Wahriich--Lowenthal
Michael Cacioppo
Tfh~omas Steinberg
Council Members voting "No": Wes.
Council Members having voted
motion, the Mayor thereupon declared the'
approved on second, reading a d directed that
approved, be published ~ ~ arrly in T
newspaper of general circulation within the
qualified for Town publications.
-2 8'
in favor of said
Ordinance finally
the Ordinance, as
he Vail Trail, a
Town and legally
•
STATE OF COLORADO }
}
COUNTY OF EAGLE } SS.
TOWN OF VAIL )
z, Pamela A. Brandmeyer, the duly qualified and acting
Town Clerk of the Town of Vail, Eagle County, Colorado, do hereby
certify that the foregoing pages 1 to 29, inclusive, constitute a
true and correct copy of the Record of the Proceedings of the
Tawas Council of the Town, taken at regular meetings thereof held
at the Municipal Building in Vail, Colorado, on. Tuesday, the 18th
day of July, 1989, commencing at the hour of 7:30 p.m. and an
Tuesday, the 1st day of August, 1989, commencing at the hour of
7:30 p.m., as recorded in the official Record of the Proceedings
of the Town kept in my office, insofar as said proceedings relate
to Ordinance No. 0.~.0_, Series of 1989, authorizing the issuance of
the Town of Vail, Colorado Booth Creek Local Improvement District
Bonds, Series 1989; that said proceedings were duly had and
taken; that said meetings were duly held; and that the persons
were present at said meetings as therein shown.
It is hereby further certified that the Ordinance was
published in full in The Vail Trail, a newspaper published and
having general circulation in the Town and legall alified for
Town publications, on July 21, 1989, and bri_ ~~~ ~ "~aix in said
newspaper an August 4, 1989, as evidenced by the affidavits of
publication attached hereto.
IN WITNESS WHEREOF, the undersigned has hereunto set
her hand and the seal of the Town this /'Q'~ day of August, 1989.
(TOwN
SEAL)
Town Clerk '
Town of Vail
_~ 0
• • •
Affidavit of publication of Ordinance in fu11
and notice of public hearing thereon.
_gl~
t
H.
,.,cup ~~-~- o~c ..O.e-c,~r~-i~- ''`~,e,d,e~u.~ '
Affidavit of pubZicatic~n of Ordinance -bp~'-' G ~~~~~.
-32-
~~
0
-~D
m
a
~ a
~~
~ {
~~
o
~'
~~
c~
0
i•
~;
,0 0
~~
~~
(D
~ ~ a
~. g a
~~ m
h a• ~.
~ ~ ~
1 ~ ~ ~ ~ ~
~ ~ 7
~ ~ ~ ~
~ O ~
~ ~ A n ~
o ~ p ~ v
a ~ ~ ~
~ 0 ~ ~ a
~~ ~~ ~
~~ a
~ O
~ ~
y _ A °
o ~'
~ o ~
~~ ~ ~~
m
~ ~ ~ ~ ~
'g 3
`~ ~ m
,g ~ ~ c
O ~ uQ~, O
-w
o ~ Q Q Q ~~~Q~m
~ o ~-„3~?~oyQ~ ~
O 7 cn ~ ~ "° ~ ~[ ~
m rt~Qa~~Q~~- w
x ~ ~~ ~ ~~ Q~ ~ ~.
.~ ~ ~7~pcD<~C}~ {D
C ~ O~ ~d~ ~ ~~ ~ ~
~ ~~(Dn~,(D(DC~
4.Q= ~3f^'O~L?O
Q ~OOp~g~~~QT
~ o ~ a~~.~~ ~ ~„
a o m~~Daa.~~Q~_
~ t`~ g~"?~~O~Q7~
~ ~(D(D~ti,3vr~~
(D
~ ~`L~ 1 ~~~.~ p
ty
Cj
0
~ ff ~~o~~~~-„3
~ ~ ~ ma°p~~y
4, ~ ~
W ~. ~_ D ~ ° ~. m
c~ ~ ~-c ~~~c~ ° ~nf
~Q ~
o ~ ~$~~~~~o~ ~
~`x 3~ nm -•
C ~ ?@ OCp~ ~
O-~_,7--+a,~~ -
d cD~C ~C10 7 ~O~
O
O
O O
r
m
O
a
Z
~~1
~3
1i
.~
* • •
The VaQ'hralt-.JNI[y 21, I9A9
e:ppucabls rules, regulations, lag{aHtlan or
artlvn of any amer public body having
yVdatliCliOn War the eubyecl rMrta hared,
31. NO JUINT VENTURE
Nothing Mrein ehaH Ce dan'wtl la steals a
pint venwr• ar pnncipls agent reiatl0nsnlp
between the Aarde/ and naahar pony Ie
aulhpnxed Ip, nor shall ei1Mr pony act toward
Ihlyd romans or the public In any manner which
aide IndieaH spy Such rBratiMahlp wan tM
Omer,
32, ENTIRE AGREEMENT
TRIG ap reerMnl, ell erlechmenle Mrelo. antl
She Vaii seers IalevlelOn ordlnpnce 8a
lncprporaled herein, repreagnt Iha entire
underelentling end agreement belWeen tae
pprtba wish reopen to Ihs wbJact matter hereof,
auperaede alt prior oml negolHlbna b•Iween
IRe paniee and can be pmsnded, eupplamenletl,
modilled or cMngod Only 4Y an agreemam {n
writing wench mnhps sassier ralerence to Ihia
ngrosnbnl a Id the npprppriale 8114Chmsni Or
document WhitR la ilgnetl M beRdH of herb
paniaa.
33. SF.YERAflILITY
II pay aeclion, eupsecpon, eenlenro, clause,
Of phrvp pr ppnbn d Ih1 agraemem IB, br qny
aaaon hard invalid or unoonblilullpno-l ny pay
anon of mrtipetenl Jwiaecibn, aucn ponbn ehak
M deanled a eppprpte, dlsllrtd and Intlepentlenl
plov{e{on pod each holding shell rcpt dreg the
4aIIdIIY a! [he remaining pOflbne al Ihla
agreement.
IN WITNE59 WREAEOF, the parries have
cawed this agraerrent to be elpnetl on IM day
and yaw fuel wrhtan abma
tDMnq DF vAIL,
A CdaAda RWnclgd pagM l0.11an
fly: RaMdl V. PmNlpe,
Town Manager
CABLEVI9ION V1, lNG. ruhra
HERffAOE CABLEViSION
Ry: Kavb L. Biro,
Ww PreaHanlrOperdbna
E%HI&T A
CHANNEL LINEUP
Channel 2 ~ KWON -Denver, CMnna! 2,
IndepeMenl Stdlarl.
Channel 9 - CBN - CoGle Blwdmel Nelwoya
will enlenaln, InlOrm pad Inspire IM wh01e
f~Y~
Channel 3 • TMC • Toe Mpwa Channel a pn
Resort Creak pnlyy,
GRanrwl a ~ KGNG - penver, NBC AHihate.
Channel 6 • WTBS • Asianle Buperemtbn,
1frTB5. ie roam the clock action for the whop
reentry.
Channel 8 - KRMA - Denvah Publlo
SfOadCaeling SIa1Hn.
Cnannsl y - KMGH • Darner, CBS ANldale,
Ghanlroi B -WON -Chicago $upenletlan,
WON sings Iha evcltemenl d the 'Windy Clly'
rlpht to your home.
Channel B • H09A ~ Denver, AflC ANNIde.
Channel 10 - ESPN - TM Wld spells
rronvak.
Channel I t -CNN -Gable Newe Network
gNe you news when it happen item where h
nappene.
Channel 12 • LOCAL • The vLahoe'a quid/ to
the Veld Valley, 8'.08 to 10:00 s.m. end 3~8 tc
BddO p.m. In season only ;hours wbJan ro
change].
Channel 72 - CVN • Carle Vdue Nelwwk,
hams ehapPlpg (between rispoya polder.
Channel 13 - K-CITE • LoW awalher, newt
and Inlo7maiipn w4h K~t,ila as backprauntl
mllalG
CMnnel 14 USA ~ USA pseaeme epone,
woman's end children's fealdfas PNa driMq
flknt and documrnHdee,
Channel 15 ~ MTV - 24 hoVf rock Hdags plw
evcluaivs Imerviewa, oomasta aril wnaart
Inlarmalbn.
Channel IB NICK Nlckebtleon has
przgrpmming for cfilldron deslgnM la M run and
educntbnal,
CMnnel t7 - FNN - FlnancW Nana Network
bdnps You apdgRl INk on nallanal and
Imemeuonpl money meggra Irom Ilnandal
expene fM-F daytknel.
CMnnel t7 AMC AOlerbea MWie
Classics features Hohywoods bear Illma ant
bsghteu Hard wAh a dyferenl 1Renw wary Mphl
lewninge and weekentlsJ,
Channel ie ~ CNN - Hudline Newt gNe Ihs
!areal news In a IInM with ooncbe 30 minors
aepmenN.
Channel IB ~ DISC -The DLCOrery Channel
expends y0,ll hal70ne with prygrara devnlpd IP
silent., technalopy, naluw and Raman
adventure.
Chapnal 20 - LIFEY}ME EapeNally Ipr
women! Exnrdae. nulrillvn plus never end tips to
help orgenke your day.
Channel 2! - KDVR - Arls and emsnaHmenl
Ie0lUrea danro, music, laser ro, ap.ra, art antl
Iherdure.
Channel 22 ~ ARTS - OenVar, Channel 31,
Fps lndependenL
Chanrtel 23 ~ C-SPAN II - LWe U,B. Serials
cavervga phis Will eaaro Wllh pubdC aCCeNy.
Gnannd 25' -HBO • Homs Box Dlllro bring
you repeal docFGUder rile Irom Holywood plus
a=dwWs amenunm•nl antl sUp.ruw concena,
aparta Irom Wlmbladan lanais to Narrplpnahip
boxbp and cNHren's ehowr Ilb Fr.gg4 Rock
Channel 26• . CINEMA% - Over 80 amiss a
month laaturlnp hhe form the put and pruent.
Famlfy ensures at cdnvanl•m Ilmaa. aduh
orlanletl movl•F rarer In the evening, plus a
varluy d prnteps end conwdy tpecHh.
Channel 2T - 019NEY The Dlenay
Channel prov[daa lamuy enlertahrronl from tM
company whaae name elands for qudily.
Pragromminp IrlcNdee OisneY ntWfa, famaay
anlmalbn. educetrond aeries and raw and
alglnd Progr-'n tYng.
Chenn•t 28• SHDWTIME - 9hawllmr
makes avdlemenl whh al~locrd ten sxdusWa
Iwuroe Induding recent and dasab remiss,
broetlway hire, lamllY and aduA leewres, alglnu
cvnwtllea, drarrw and rrweh md•,
Channel p' - TMC Yhs Moves Channel
fe+luraa all Irmbl, aN Iha Irma. whh ^ dlga+•m
moNe .very nlghl. Ulud, unlnlenupt.tl vdth a
Ilm la aveyr testa,
Channel 30 - C-9PAN 1 • Sea IW, pawl la
pavI coveupe of IM U,B. Hauee of
RepraeanlegYes.
Channel 32. KREO ~ Olanxwod 9Prlnpa.
E%HIBIT B
EOWPM ENT INVENTpRY
AUGUST IaBB
'Pnpsfed by Reran d1aK
STUDIO: 2 Sany 1800 rarrwraa; 2 L021 bra
cable drNe; 2 Sany D%F~8 vlewilndera; J Sony
CCD-25-AR semen cablal; H Qulcksu 4
740709 $amaon vlpode; 2 4.7652.3 Samson
hors maunu; 2 Dn•tOA Sany MatlaeH; 2
Supnd Century B' hoanele; 2 Shand Century 8'
[rlands; 2 5lrand Century 14' eopOpe:2 adely
cables:4 b~tlo0re
C.ON7ApL RCOM: 2 Sony CMA-7a; 2 $any
7900 CcU'a; 7 9wry FEG 2000 ewitclrrr: 1 3M
D-2500 MlntOm pharader panNda; 1 ChYrpn
VP-2 cMramer pansralar; 3 3M 101 tooling
awltther; 2 Mfagllme 0me base cmrepora 7-
720'e; 7 Sony 5650 editing VCR; t Sony 5BO0
YGR; 1 Sony AM 418 eels COnlrVlbr; t JVC 6408
112' edN YCR; I JVC 8a W v7 VC R; s JVC RM~
BsU ediF cdnndbr; 1 JVC 5100 player VCR; 1
ADC wdeV pdch penal (7 liw sale al }ackSl; 1
ADC auab parch panel (B Nve Gala oI JeCF4y; e
ADC vmap palm cords: 18 ADC audio patch
cads; I VCA 2PCK video OA;
I VCAA 2PGh auah OA; 4 Hhach€ VM-918
BNY manitora; 2 Sony z PVM 6200 wB corer
rnanhon; 5 Sony 1950 solar manhm; ! Hilachl
V~099 waveform manner; t Hitacm wnoncope
V0 88
REMOTE EOUiPMENT: 1 Sony 4800 y4'
retarder: 1 Pacabrate C450f1 eahpak; 2 Sony V
CL•71f0y lenses; 9 Sony BP-80 batlehes; I
Sony AC power arse; 1 Panaaonc 05o0p dgdN
camera; 1 Panason[c WV-aoso lane kd; 1
Panasonic AG6480 v2- VHS recorder, 1
Ppnawnb AG$8e0 AC power oars; 4 Panaeanb
AG BP-202 baneriee; 1 Porrabrace C6400
adlpak: I }TF 7L trlppdi 1 I JTE H4211ufd head
AUGKY: 1 TEAL M-30 audio mLYer; I Dentin
DP-30L Iurnlade; i Ypmaht R-500 stereo
receWer; t TEAC 124 careens deck; 2 JBL 4x01
aAeekera; 2 Sony ECM•3a Lavaller
micraphonea; 2 Sony ECM-SOPS Lavaller
mierophenep; t Sony ECM~50PSW Lavaller
mlapphpnee; 2 ffeclroYOtOe 835A nIICn]phOnea;
I Sennhdsar ME-6B dlredbnel mlcroplgne; {
9ermhaiear K3U power Una; t Muraphons sbor
eland; 7 mlcraphona desk stand; 4 Fladrorobe
312 danps
Dadepandee w'Ih Inwntpryd Afzdl 1867: I)
1 Sany 6080 plover VCA, taken to Heritage
Haad.M h Avon to back-up Hsadend pear; 2y 1
MfaoptWM Floor Bland; Bedeved borrowed,
being Hcated; 31 I MipapMns EMak Slarttl:
BelHved barewea, 4aing iacaled; 4) 11 ADC
Video Perch COrda miaaklp, Iryhp to IOtlds.
E%HI BIT G
SY87EM STAHDARb9
AND SPECIFNCAidONS
Iha IPllowing $yelem Standards and
5pae8ka[brre paraphraea Sedbn 7B $u0pas N
d fha Rules of [he Federal Comrnumcaliona
ComrN6aion, As such, d h the IMen! o! the
parries Io Ihb Frendlbs Agreement m Interprol
[hs following in conformance wllh the
anfarcwr»M palicbe d IM FGG on the date a
Imo Fmnchaa Agreement.
9YIIem dglpn epechicatbrla:
A. The $yalem will be dselpned arse
•krdronk:.quprrwnt aewcted. TM peNOmunro
pl these will zte equal to or toner than IM
lollpwlnq:
I. Ykud rardar Irequancy 7.25 MHx glue 25
kHz aboy lower boundary pl channel. 'rf no
CanusRlr b Used, antl olds 250 kHz H tOVIwRH
Is used.
2 qurd gnbr Ssquenu7r 4.6 MhY plus 1 kHz
above v9eual Carder Irequsnq.
3. Visual dorsal level epees a twminaurg
Irtpedance marching fha Intdnd IrrTaetlaxe d
IM cvble syelem u viewed horn tM subsaiber
IermIRW atop rat be leas !Ran the lollowing
spplOpdnH Valve:
Inlemd Intpadenq Vaud Sigrid Lwel
75 saps I mhivOh
800 obits 2 migWOlla
4. Ykud signal Iwd on each channel mall
not vary repro Iran 52 decibels wuRln any 24
hour period and eMIE be mdntdnetl wuhln:
a. 3 decibels d IM v{evd alpnal IweF d any
view! coder vnrhln B MHz nonxnal fregwn4Y
aepudlons; arld
b. t2 declb•te al the vieud algnd level on
any aher dlannd; aril
o. A maximum {oral each That elgnsl
dagrldelbn dV• 10 Werlnatl N lM aUbacrippye
realwr dove rrd occur.
6. Aurei signal tens vahegs, shall by
malntdned Getween 13 and !7 dedbeh below
aaaoeldsd Neud elgnsl bvN.
8. Maud tignd HvN peak vuHSian caused
hY Undealrad Hvr Irequenuy disturbencea Ihum
or repeNlTWp tnnabnt) generated whhln IM
system, or by Inadequate low Irsquenty
rnaporwa, shelf rid exceed 5 perront d IM
v1.ud signal IwsL
7. Channel #ragUeney response shad be
wllhln ^ range of glue 2 decikwla tar all
hequenclea within 0.76 MHx and plus 5 MNZ d
vkua€ Irequsncy above lower boundary
Irequertcy d rabH chenrwl,
6. Far Grade 0 slgnsk, ralH d vbud algnd
loyal ro system rwlae qRd d vfaud algnd Hveh
70 any undesired cp-cnanlrol lefwfafpn signal
aperdinp an prgAer dram etafpnmem and! rid
be Has [hen 35 decibels. Thh requlrament h
applkahM la each aipnd whkh b delvered by a
cable IsbvHbn system to eubspbwa wthin 1ne
pr•dlttptl Orada b Conlon fa that aipnu, ar
web eland which h Ilnl Picked up wilhln ha
pratllded Grade 9 GOniWf.
9. Rollo d visual dorsal level lb The tens
artplNuda d any oonersnt dielurbancw anal) ra
ha Nee IMn 46 dashers.
117. Terminal IsoHnon prpv3ded each
aubecriGsr ehaH na M less then 16 decbeh, but
In any avem end! ba aulllcbnt la proven[
rellsaHna cawed by open circuh.d or short
dreuiled ^ublcribsr terminde ram protluting
Yidble pIC1Ure Impalfinent a[ any plher
sutxuriber IernNrld.
11. 8ydem IatlWfon Irom a Caw islsr43pn
aysSemehdl G Ilmed ss foeawa:
FraquencHa W Id and Indudlnp 5t MH[ •
Radl.npn Lihyl Sin n8aovoildnlalsry, 16 -
t%elwM~ In Is•1, 100.
FrsquprlcHe Irom 64-258 MHz - RwlHtlan
Llmt fin mlcievahatmyep, 20 - OHSarvae al fM,
10.
Fraquanclaa over 218 MHz - Redlalbn LtrnH
{in mfuwdwrtMler], I S - DlelaAOa h lad. 100-
12. 630 MHz Rdurn {uvd+aaAti
A. Wnh tM raid ayalsm ti Oeetdlpn and RFI
Ingren feu wlH bs made H ensure that tM
curHr ro ails. eign.h {GJhil will G banes Ihan
]Oda .rid crro• matluluion d real Irtelr -30Ar.
8. AH umnaVUCtbn prectipe end peoedures
will WmW1 whh ndiaW, eHH ant Idral rptle•
.rid operating dandwN.
C. AS highwayfrdlroad crwaing cbarsrtca
wNl comply wqn 111. ndlpnd, dde and resat
rodeo and aperdirp /tarWUtls.
D. System tlsagn, avaatl. and eledronla
maps wHl be In atxbrdenn wllh tM Natbrwl
Cabt• T•HYhbn Msodrubn Slsntlud 003-
OBBB M sauteed.
E. Oparallnq lempardore range e1 the
$yelem oral be beGwal -40 to ralw tap F.
F- Technlotl sHndarda wiN M hz aagrdaalca
wIN. WI na Ikm7red ro, trio fonowng;
I. Federal Gpfrazwnicdwn Auiee part 78 u
amended, Cable Talerleton Senica antl
ePdtlkwlN. eUGp.n K 7echnicd Slanduda.
2. Puagraph 78.601 Palormanp Taste,
Par:graph 76.805 Tachnlcal Slandvaa,
Puogupn 76.800 Mwauremenu. Paragraph
76,610 DpndHn h Ihs ItegU•ncy hands 706-
130 and 225400 MHz, peragr.ph 78.811,
OperaNOn near cartel, eerOrudiC•I and marina
mergsncy Irequsncba, Paragraph 78.813
Intedvrenp Irani a cahH ayalem; preluded,
however, rani mere should be conllnual
mpmtorisg for imerfsranca from a cable
kleYigipn eyared. Any ntedsroncs w aVBpecYed
intepsronce will M InYegltpde antl rorrecletl
Immediately upon tliacovery and nohllcattan.
Documemm~on of any inlemerence and
Wrrenive embR 18ken Will become pan d the
rerord mainlalned iOr the FCC. Palagrepn
76.617 RpsgpnalGillry for retaiYer~generated
Emeseranca. Paragraph 76 Cable television
Relay Service.
PUGYahed in The VaN Traa
on Juy 21, 1989
Pl[~~IC hiOtlC@
ORDINANCE NO. Za
Serlw e! 7999
AN OROINANCE CONCERNING THE
ISSUANCE OF LOCAL IMPROVEMENT BONO5
DF THE TOWNOF VAR. COLORAL70 FOR THE
BOOTH CREEK LOCAL IMPROVEMENT
D19T0.1C7; RATIFYING ACT30N HERETOFORE
TAKEN IN CONNECTION THEREWITH;
PRESCRIBING DETAILS IN CONNECTION
WITH SAID BOND9 ANO DlSTRIGT;
PRESCRIBING DUTIES OF CERTAIN TOWN
OFFICIALS IN CONNECTION THEREWITH;
REPEALING ALL ORDINANCES ANO DTHER
ACTION OF THE TDWN TO THE E%TENT
INCQ43i$TENT HEREWITH; AND PAOYIDINO
OTHER MATTER$ RELATY{G THERETO.
WHEREAS, the Town d VaN phs'TOwn-), N
tM Gpunh d Eagb and slate d Coorado, B e
mumcbal corppmtbn duly organized and
avhling u a home-rub town uMer Asble %%d
the Sldr Conafidbn and [he Ghartar d the
Town hM'ChansF]; and
WHEREAS, puauanl l01M Charter and Ilm
Town's Code of Ominanroa 11he'VAII Code"y,
Iha Town Council phe 'COVncN'y hoe by
atlinan0. rxedetl Wthw IM mrpo-rate Ilmrta d
the Town a bcd htrovemenl dlgtdd known and
deelgndetl u the Town of VaH. Colorado Booth
Creak Local }nvavemenl Olelrkl gha'Dlslrlcy],
la She purpose d maldnp certdn lord aril
ep•ctal Imprpvamanro to mlt{gate racklall
damage (fha •Improvsmenle'y. and hag
daterrtdne0 to assess a ponlon of tM COeI
IMrsd to tM pazceln d progeny 7n 7M DHtrict
aprwyaly benefHaO lheretry; antl
WHEREAS.IM Toren has duN edvedfsad fa
bldg la aucfi I_. -. ..-.: eta based on aslNnatea
provided ro IM Ccurlcll and nu emend Inro a
aOnalrunbn cOmren la Ihs wnelrudlon ant
IneHlbtion d the lrrpmvemenk- erW
WHEREAS. In recrognilion~ol tM generd
benems conterretl by [he Impovememe, the
Council has dderminatl to conuibuts S2odoo
Irom lurlda d She Tam Io the told estimated oral
d aonuruning and Inddling the 1r7Tamvementa,
~hu determined to aaaega tRS rsmdninp costa
apdnet parch d property In IM Dlatrkt gM
'ueeaamenle•1 H en aggregate amount na to
xoeed {388,758 (evpepl as dhenYha pamiltetl
by tM Choler end the Va11 Code) In rewgnhion
of special banelna conianed On' owners pf
percale 01 property In IRe Diaukt, ant hu
determined Thai local ErrBxnvement baWe d rM
Yown ahul be Issued payable from such
aeaeeafrw MA
BE 1T OADAfNED BY THE TOWN COUNCIL
OF THE TOWN OF VAN-, COI.ORA00:
SECTION t. laeuanea d Bonds Au[horixed.
The Town aril ne dnrora how tlslemHned antl
do Hereby tlNernylN the h b neroeaary and !a
IM best blersq d IM Tawn and fha Inha4NanH
thered Inai, punuanl to the Charier old She vaN
Coda, IM Town issue and Ball bonds d tM
Town of Vail, Colorado Booth Creek La:al
IrrproventenT Dlatdd >n me aggrepde pdncfpal
ampUm d 5385.800;the 'bontla'y a! ^ orbs d
¢ plus accrued blereaL for Iha
pap0ae d paying IM coeH d cnnelruaing antl
dMmdae ewqulnnp the Impmvememe end ail
proper Incldanlal axpeues 6ncluding, Wi1MN
Iktelttfion, tapildlxad interest on Iha GOntlay.
$EGTION 2. Sab d Borstla. Ths Town has
tlelermined to accept the tiller pf
la purchase all of the
bonds !or a otitis of S plus accrued
Intaaet.
SECTION 3. Approval of EaTimalee. The
Bantle ate Mrein aulhari:ed !o be. antl they
shell bB, Ivuatl Gaged upon Iha conned pelts
fa IM Irvprovemenk aria upon aslwaatea d tM
Town Manager, ell pt wnbh hereby are
approved by the Council.
SECTON a, Conpfelion d ImprWementa.
The Town oovenante Ihat the ImprovemenH will
M conalruaad and cortpleted with due
4idgerae and in atvnely manner.
SECTION 5. Bond Delahe. Forth purpasa of
paylnp 3M costa d Iha Htprovempnle, Induding
dl proper Incidental avpenaes. lhele shill be
Issued In the name of Iha Tawn bands
deafpndetl'TOwnd VdL Calareda Booth Creek
Local Irrprowmenl Olalricl, Local Irryrowmenl
Betels, Series 1989,' h IM aggrepala Prlndpal
smears[ d 3385,000- Iha bpntla shell be
Isewma In fVEly reghleretl tam (I,e., regl6lerad
v to paYnwM d bolo plinclpall and inlereeq
payable la IM regbtned owner iMred, In EM
tlelwidnatlon d 35.000 each. ante be dated ee
of Auguel 15, 4989, shelf he numbered
ownecu[Wely in regular numerleal order tram 1
through 73. Indueke, auah mature an April 1.
te9p and aher bear Inlareel Imn IM date d the
bands unll malurhy (unHaa retlsemed prior ro
rrdudtyl d the Inlereat riles henln sd iMh.
the lollowing numbered bonds In Iha
apgrspds prlnalpd srnWnH Intllmted atoll
Gem Intaresl a tM IoNOwtrsp riles pa annum:
Sarda Agpropde
Ndnbsrad Principd IMand
Indudve Amoum Rhea
Bro12 >aS.Olb %
13 b 17 T~5.000 %
325,000 %
19 ro 23 300,Op0 %
2A to 30 333,000 %
911037 ~r 000 - %
08 is e5 iep 000 %
49 ro S4 345.000 %
SS to 03 315,080 %
e4ro873 SSO,t7W X
Bade whkh era relaeued upon uenelsr or
dher replarorrlpnt shell bear Inertial hem lM
moat ream Inlereat paymanl oars to whbh
Intend hen been paid or duly prrwbed fa a, H
no iniereel has teen paid, From IM dale d the
bonds, aucn InHrset being peyebb to me
rogwterod owlets d the bade on AprH t, tags,
antl aembnnudly therealtet on April 1 and
Odaber I d each year. The prHCbal of the
Garde b peyabra to the rephleratl owmsr !hared
ae ahawn on the raplelrmirm b0otw d the Town
kepi oy ~ In ~ Cdoredo a ha aucceaea
(Iha 'rophvary, upon pree•nntian and
eunantlar u the oHbe d , In _~
Goraado, or ns succeeea pha'p.ylnp agony).
T, upon prnematlon of any bond al maturity,
paymem is nor made ae [herein provltlad,
merpl Thereon shelf [pntinrze a1 me Game tale
par annum prevbwly Some Gy IM Gond, until
IM prlndpd Ihered is pad n IuIL
Payment of Intereal On any bond shall bey
made ro the reg{alered ewnar thered by check or
drill mailed by the payvlp agent an a balers
each Inlareel paymem dale tor, ll such Intaresl
paymanl oats K rid a business say, on or berate
the naxl aucceeding business day), m the
regialeretl owner th•rep! al his address aS
shown on the reglstrdion books kepi by the
mgelrm al the close d bV8ine88 tln the lifleenlh
day {whether or rid a baseness day! of the
cdendar momh preceding the Interest payment
dale; but any such interest net ao timely paid
shall cease 10 be payable [p the parson who is
Iha ragielered owner Merepf at the dose of
buslnue pn such day and shall be payable to
the person who is ma reglatarad owner thereof
M the close d business on a spacial record Gala
}or the paymem d any such aelaultad Inlerea[.
Such special raced dale shall M fixed by the
rsgiavar wheneverrrcnaYS become available
for payment of Iha 4elaulled inlaesq and notice
d IM spedd rerortl oats shall be given to the
regiaHrad owners d Ihs bonds nor {ass than tan
tlaya prior thereto by That-dasa mail la each such
repieleretl owner u shown on the regisrralion
boobs on adds aeleded by the repdhar. slpling
the dale d IM apacid re[,nrtl dale antl the dale
Il:eel !or Iha payment d such defaulted bierost.
The paying agars[ may make payments of
Inlere6l by such alternative means as may M
mutually agreed Sa Iselween the owner of any
bona and ins paying pgant. AN Boob paymens
mall be made In lavdul money of the United
Stales of America whhod dedudlon for the
services d the paying agent or replstrar.
SECTION e. Prla Redemption. A11 al She
rands shah bs eubpd tp redemption prior to
Isleturity al the option d the Town In regular
numxlcal older on any band Interest payment
date, at a price equal to the prlrldpd emcunt
thered pWa aamed Inlareel m the rgdenpibn
dot.. Wh•rrwer there re a allaWe monera
{amer than amqunla deposited therein ab
accrued antl raphallzed Inlerull in the'Tnwn OF
Vail, Cdaatlo 8oolh Creek Lora! Irrpronmen[
Dlaldd, 1989 Bond FTellramant Fund Nhe -bond
Fund'] whkG la hereby pealed, H e=®ee d [ha
amount required ro pay intanel on the bands
than oNetanding qn Iha next imereal paymem
oats, Ina Tawn shell axerds• ha option to
redeem on the next preniddlb idereal paVmenl
date a eulhbb nu8eter of bonds putstantlfng.
Ndhing heroin Shan preclude Ehe Town Irom
refunding ell a a pomon d IM bonds or Irani
er Ising M hghl 10 rodeem bonds pier to
maludSy from any available source of funds.
Nonce o} prior rederrptian shah M givers by
the paying ag•m fn the name d the Town by
gentling a copy Iherepf by mngfed a ragisleled
Ihst dace mall, postage prepaltl, to the
reglueretl avast d each tapna deglgndetl for
redemption d his address ae a appears ors the
reglatrdbrs books as d She dosed business an
the day preceding the milling of such ndlro.
Such notce shall epaclly the numMr o
number d IM berms ro bs do redeemed and
the deli IHted for redeminfan, antl shall lusher
elate Thal on auoh date rhea will be due eM
payable upon each bona so [o be redeerrwa d
the duce d [he paying agent Iha prlnclpal
emoum thereof plus edcrved Interest to Ire
redempton dale, antl that from antl eNx each
data Intereal shall cease is aarue, Natlro
hating been glwn In the manner MreinaMw
provided, tM bona a bands as called shall
be00me tlVe and payable on fha dale sa
dealgndetl, antl upon preaentdian thered d Iha
paying agent, the Town will pay The bond or
boMe eo edletl. FalEure l0 give notkro by mailing
a any oared 3n aucn entice shell rid effect the
vdid~ d [M pfawetlings fq IM re6artlptl0n d
any dam Gdnde: Any nouro ma{IeO as herein
provbad shall ba tanclualvely presumed l0
nave been gWen, whether a noq received. Any
bands redeemed prior to maturity shall be
Cerrpalled by Ire Paying Agent.
SECTION 7. Repiatrdlon antl Treader, TM
Town nhdl cause to be kept a[ the pdndpal
dfice of [he registrar books fa IM reglslration
end [render d bonds. Upon surrender Im
vender d any bond d the pdncbal on{ta d tM
replelrer, fully endmsea for tranalvr or
°^"orrlpanfed by an asalgnmeM duly execuletl
by [hs reglslerad owner or his emm~ey duly
authorized in wrlling, the replstrar shall
adhembale and tlel{ver In [he name d the
hansleree a new boM bearing IM name number
u the bond being eurrontlerod. Ad bonds baued
upon any transfer ehaH be the vdld obliga[bna
d the Town avidanckrg the same obligalbn and
entitled TO tM same aecurily and benefits under
lhia prdmanp as tM bonds surrendered upon
ouch Irangler. The regretter shill require the
payment by tM owner d any bona requesting
hander d any tax a other gpvernmanld charge
required to be paid whh rasped la such transfer,
end ffie fegisuar may Eurlher Impose a
reasonable service charge for any [ranalar of
bones,
Ina raglellw shall not ba required to transfer
any bond oaring a peeled beginning at SAe
opening o! business [5 days before Iha Day d
mailing by the registrar a! a nnllce of prior
redempnon d bonds and endlrlg al the close d
badness on the day al ouch nulling. nor. Ynth
respect io a paslcdar bond aher the publlcalion
a the milling pi nplbe clung such band 10l
pea redeegtbn.
Ae to any bond, whdher a rld each bond be
OYe1dVe, IM rorapn in Whose name IM eerro
shall be regletarea shall be deemed and
rsgwtlsd u 7M abgdae owner thereof for the
purp0sa d rrwlJng paYmenlB thered and is d!
dher purpoaee (a=ped to the extent alRarwiee
povided In Season 5 Mred] and nenner Iha
Fown, the regb[rw. tea paying egnsl ear any
dn« agem d IM Toren shell be aHactetl by any
nakx So the contrary. Except ae o[herw{as
govidsd In Sedlon 5 nered. paymanl a ahner
prindpal d Ltlaroat on any band shell be made
only [o tt Upon the wnpen order d the regletared
owner tnareol or hla legal repreaantalwe, bN
ouch glalravon may bs changed as
herornabove provided, All each payments shell
I» vukf and sHenud to sillily arm discharge
The IlaMiey upon ouch bond Eo IM aHSm d IM
awn w eumw odd,
n any bond anal! be loaf, oilers, tleaemyed a
nwrllded, IM reghlru atoll, upon rerobt d
such evMerlpp, inlomwlbn a Indemnity »Iding
thereto as H or the Town may reaaanaGly
regain, ant upon payment d all avpenaea In
cannactbn Iharewith, adhsmimte and deNYer l
repLoxnen! band bew,ng IM same numbw W
Ihs bal. stolen, deavoyaa or mulhded bond. H
ouch bet, eldlen, deahoVed a mlrtildetl band
ehW Mw matured or ehaH new been retied Stir
redemption, Ihs regislnr may direct that such
bona M paid by the paying agent In heu d
replacement.
AEI bontla surrendered br redempvon.
payment d vanefer, H surenderea to the paying
agem, anal) M wNCelled by the payfrq agent,
and, H surrendered ro any person other Ihan the
paytnp agent, shell be delivered t0 IM paYlnp
agent }Or cancelblHn.
SFGnpN B. Negonadhy, Sublen re she
roglahAtlOn provlSbM d IRiB adlnance, 1M
bontla shall be fuNy negdlable end atoll have
dl the qualkfea d negdfabls paper, aub]ed to
the fegiatretian and paymem proviabna elated
Mrein, end the owner or owners IMrod shall
possess all rights snloyetl by hobera oS
nagdiabb lnahumenla untla Iha prwiabne d
the 'Uniform Commercial Cods - fnveslmeni
Securiliae.'
SEC710N 8. Ercru,.ion and Adhenticxtbn.
Tne bonds shell bs a=eczlod In the nan:a nl Ihv
TOWII,Yrllh SM Idcsimi{a Bighalure of the Mayor,
shalt bear the lecaimb Beal of the Tawn, shah
ba attested by the lacslmire aignalure of the
Town Cbrk, and shall be adhemicated by IRe
manual signature of a dWy aulMrizetl Glitter d
the registrar, The bonds bearing the glgnalmea
dF the dncero In olllee at SRe Ilene aF the
aulhOhxali0n thered shall be Iha valid aril
binmrlg obugationa of the Town (subject [a the
rrpuiremem a aulheMballon by IM reglatraq,
nonrnhelantlbp That any or ul of the persona
whose elgnaturea appear thereon shall Mve
ceased to lift their respectWe aHicea. Punuanl to
[he Uniform Facsinuie Skgndure of Public
Olliciala Acl, part 1 of article 55 0l IhH 11,
Colorado Rev,sed 9larmy, the Maya end Town
Clerk shell prior to delivery d the bonds hie wnh
the Sepalary of Stale cl Colorado Ihek manual
slgnaturea cenilied by them under oath.
No bona shalt ba vend w abligalpry tar any
purpose unless the cenhcale d authsnllcetbn,
aubetantldly in the lam hefelnbelOW pavidetl,
has been tlulY executed W the replurd, The
reglnnr'a certilicele d authanibalion mall be '
deepwd to have been executed by h H nvnudly
signed DV an auihabed dlbsr a errplpyse d .y
IM raplatror, Gut. H shell not bs neoeaaary ihd
v
IM~eema aHloer a errlploye9 slprt Nte cennicate "
t
a1 aulhamlCaliM an dl d the bonds laau•tl _
Mreunder. By edhenllrsting any d 1M bonds . -~
dalWeretl pursuant [o Ihla ordinance. the
repietmr sna114e deemed to have itsaanted b A
dthe provlabna o1 [hb ad'war,n4
9ECTION !0, PaYmwnl of BoMa. TM bonds "
aulnprized by [hie Ordinance artd Ihs Intoaesl
thereon shall b• paYabb (except as prWkletl In
Seaton 11 hereon a0101y Flom moneys In IM
fiord Fund, mnsral{ng only a1 moneys coNaciad
gxlndpd. interest antl panahfea, Y any) iron the
aaaessmente to be levied to pay for the ~ - '
Improvemenle (axtlepl to the eMlenl IAat aadn
moneys era payable to Ihs Town as a
relmbureemenl pursuane ro 9edlon I1 Mredy;
provided [hat any Proceeds item the sale d IM
bands, dna than such procaade tleposilad in -
IM Bond Fund 1o he used to pay Intaresl nn Ina
bonds, remdning efler,the payment d all the
cock and expense9 a making IM Improvements
shell M deposied In the Rpnd Fund and used
Spr bond redempnon, Any agsesamama in the
Bond Fund remdning alter the bonds, hdh
prinCbal and' IMereat, are paid In full fend aher
any reimburaemant due the Town), Ihali to tM
egnnl required by the Charter be depwi[ed In -
iha iowNS evrplVe and delicie y land cleared
pursuant [o Sachon l8.8 0l Ihs Charter.
Immediately upon the collection of any
eaeesamenta (Induding imerest and any
pmakiee Thereon], Ire moneys therefrom eMl
be deposhad In lM BoM Fund (except le the
extent the such moneys ere payabb to IM
Tawn as a rolnilaeemenl pafaVen[ Id Senlorl
11 bored], and geld land i6 end well avnllnLw 10
be inwotmbly and sxclueivdy pledged tar Iha
paymem of fha grinclpd o! antl the interval on
tM bends.
SECTION t1. Surplus and Dafblency FurM;
Town Payment of BorMe and Reimbursement.
Purouant to Seclbn 10.8 01 the Chaser,
whenever there b a tlalldeltty In the Bond Fund
to make She payment d princfpd and interest on
the culatantling bonds- when due, such
deficbncy shall be gab out of tM Town's
aurylue and deficbncy IoM nested pursuant to
Sealers 10.6 0l the Chaser, Further. whanewr
Ihree-founhe d the banes have bean gab and
Wncelletl end for any reason the remaining
aasesamante ors rat odd In lima to lake up tM
remaining bonds and the {ntero6l dw thereon,
and IMre Is not sUNle'rent money in the Towne
surplus erW defrlency land, Ihan!M Town ehaH
pay 7M bontla when due end Intereal iMnon,
antl relmbmee itsen by collMlnp fha urtpeb
aaSe98menia due IM [1isMd.
SECT{ON 72. Rantla Nda Debtd Town. Ths
bonds aha0 nor be a des d [M Town, end the
Town shall no[ be Ilabb thereon, ear shall d
Shereby pledge bs Full faith and credit br Iheir
paymem, ear shah the bonds be payable out d
any funds dher than the special aaeessmenta
antl dher moneys pbdgatl to the paymem
Iherad. w herein pravitled. The paymanl d
bones la not eewretl by an a cumWance,
mprtpage or other pledge of property of the
Town except for each apecld esaeasnwnk. No
property d !hs Tawn, eub~ad la said exception,
shell M Nahle is be feel led or lakes in payment
d the Bantle.
9ECTiON 13-Farm of $anae. The horde antl
the reglalrar'a cenlfbete of adhsmiranpn chap
be in aubsmnllally She fdbwing larrw, wim such
omisabna. ineertlone, entlonsmanta and
vahdiana as la any recllaa al fact ar dher
provialone as may be required bV the
cimur[Klanga, ba raquketl pt Permltlstl by [hh
ordinance or be cpnaialenl with this adinanG
end necessary ar appropha[e to oonbrm to the
miss find roqulrementa d any paVernmenld
aulhorirya any ueape w requlremenl d law wsh
mapaa [hsroto, and arowtlsd Ihd any d tM text
an Ne fare d the bonds meY, whh apprOprlde
referanoe, ib pdnled on IM beckdlM hortda:
{Fenn d Randy
UNITEU STATES OF AMERK:A
STATE OF COLORADO
COUNTY OF EAGI-E
TOWNOF VAIL, COLORADO
BOOTH CREEK
LOCAL IMPAOVEMENT DISTRICT
LOCAL IMPROVEMENT BON0.S
SERIES 1889
Na
MHrrrst Bale: % -
MdurNy Date: gprA t, 1999
Dadetl as d: Auguel 16.1689
CUS€P Number;
REGI9TEAE0OWNER:
PRINCIPAL AMOllNT: 55,000
TM Town of VaN phe •TOwn-y In IM County
of Eagle and $lale a1 Colomda, a munlelpal
corpaalbn duly orpan{zad era evHllnp. tar
valve rocsiwd, Mreby prdm'eu b pay la IM
Rrpfe[ered Dwnar Idenfilled above, or regiatared
assigns, upon presamation antl surrender
Mrsd st the prMNpaE duro d In
Colorado ohs 'Paying Agenny,
IM Pllcelpd Amount Identified shave on the
MaturHy bete Iden[Ilbd dews (subject to IM
tight of prior retlempElon heroinbelow
menilpnedy, and to pay Intereal on Ire Principal
Amaunl tram the na91 roMni interest paymanl
data 1o whkR interest has bean paid ar duly
peWbetl }pr Or, N hd Intaresl hag been pAb, Irom
the date d the Bond, d the Intemal Rats par
annum IdenrHiad above, payabre an April t,
. ~ _
PYvrq prteDbus page
~ ~
1090 anq semannuply Ih«eNter on Amrt I
and Ocacb« 4 d eadt Y«v, unto payment d tM
prindpak Arrrounl howl hu been made.
Intarrt an tole Bond wilF M prdtl an w Oalan
each IMe+rt paYnwM 4ara (a, it such Ingreal
peYme^I dare r rota euah.a+day, an w bNOre
Me ned euceaedlnq huetaeaa deyJ to the
leptx«ad vartror d Inn Bond hY check or drat)
nteiled to each raghl«ed owrar al IM atldreN
appaarlnq an IM tspixralbn hooka kept 1w IhN
purpaaa aF the olllce vF In
. Cobnd6, u Reglxrar, N IM cbN
d buehre on Me fpteMlh day [wnNh« w nd a
bvelr[eek wyJ d IM wblWar mantfi preCedlnp
rM Intersel paYrrbnl tla4 (IM 'Requiar Rrlmm
paltry. Any such IMerrl na aO l;mNy odd khan
Says 1a M paYablr to IM pNean who is IM
lepbr«etl ow Mr h«ad N tM cbes d bualnra
on Iha Regular R.cwd Oeu and eMh be
R•Vabn to its psrrn who b Ins notated
owner Mraof at Iha else al buelnra an e
Spaclai Rarnrd Oate for the payment of any
defauhed int«rt. Such Bpecid 0.ewrd Uale
shall be Idtrtl by Me Rapfxrar wMMwr moneys
become available lw paYrMM d IM tlenuHad
Inl«rl, and notice d Iha SfxCfel Record Dale
shall M phwn to Me rsprt«ed awnen d Me
Bonds d tM settee d wnkh thn b sna not nee
Ihtn Ian data Pdw 1n«NO~ Ak«natiw rrwane d
payrtbnl of Intarrt nwy M aced H rcwtudly
.¢r.ee la eetwrn its nwn« d any pond ens
IM PsYllep Apsp4 r provk•d h the wdinwtce
aulhadzinq the lesuataw d1M Bolds pM "pord
prd[nana"). TM pnredpN d auk {nl«rt on Mr
good are payabh In lawful nonaY d IM Unh•d
SWr d America. wllhovl Mtludbn Iw She
aarvkr d the Paylnp Agent w Repialnr, N upon
grMiellDn and wnend« d 1hn Bond to the
Paylnp Agsnl al malunry payment d thh Band r
oat made r Mrein provldad, Interact Meson
ehd evntinw al IM Interval Rdv ksntHlsd
stows until the PdredpN ArnnuM hared r paid
In lull,
Yhle Bantl la one d w Nrka eubjed m prbr
redelrptlan In regwar numNlcal oPdw W sna v
Ihr aplbn d IM Town aF Ywll, an any Inl«rt
payment data, el a prim equal Io Me pdnclpal
amoum [nand whh accrued Inlerrl fb IM
redamptbn dale. WMMYN then aro wallabn
rrlonaya (d Mr than amouMS MpoeHatl iMrdn
u eccnretl eM caphdbad IM•rw0 h tM Band
FuM in ecaea d tM amount requlnd to p¢y
Im«eat pn IM bonds Men pdetantlinp on rM
tort Inlaroat peYlMnl tlNe. 1M Town wdl
suttee He aplbn 1q rehem an IM nett
prwdbabn inlaraet paym«tl gale w eudabn
rwmb« d bonds olASlarWlnp.
Nolh;np spell pracludr the Town Irom
rNuMlnp all a w parlbn d 1M MMS a ham
eaenklnp hs rlgM m ndrm bonds pbr b
rtWUdty Irom slay aWhbn source d fonts.
Redemgbn shall M rtlatle upon qha prlpr
rlaln by meYlnp m Inr ownt« d Mh Bond V hr
.darts as tEse same appaua upon the
rephtmian books, in IM rranMr and IrPan 1M
oorrdhlona peeked h dse Bard Odinattce,
Tlrs RepNvar wld MI M requlratl to vanx«
arty BOOB dur;np a perbtl heglnnlnq N 7M
openknp d buewra 75 days M as 7M day d
Yn rlwJlh¢ by the Regletrar d a ndla d arbr
r•deml8bn of ponds and Nrdllq x the NOkr d
buxnae an IM day d cult IMlllnp, a, with
nepect to a Perticuty Band, abet IM rtW Nrlq d
na;os calling wch Bond for prbr redemption.
Trlle Bantl h one d • aNir a1 kcal
iliprosremem Bootle nutt6eled cpneeatNNy
ftdn I ro 77, bah Intlw,W, Nwetl by IM Town
a V•ll, and meWrinp On Aprk t, t99q all d
wttlctl ue al IIM tlrlpnallon, wtW whbh are in
its apgrepNa p;nuipal amount of i38S,000.
Said Band e«!n b iuuetl h payment tar brwl
InprOwrMn[s made to [M Town of Vell,
Colorado gaorh Creak Loyal IRgrowmanl
Oleukt aunuan! tv antl h aawdanne erlth IM
ChaMr and Me VAII Cad., Iha ordlnana
enazlnp the Dlatekt. nd all Lwa and
pooa•dinge MerWn;O eMe9np,
Rurwam 1o U+r BwW tlldnana, Merenata
whkh h [clad. for Imhr dNaln, its prlrlcbaJ d
and tM Intwrl an !M garbs d tM rrW d
which thn b wry shall M payNye cony tram a
sPaclN !antl drlgnaled "Tam d V•14 Coorado
Booth Crrk LOnd Irtprovertwell U'nrld, 1580
Bond Aagnmvnt fund' pM "BOM Fund'1
oarhhlVrq d moMys aYen•tl by IM Town d
Y•EI Irom IM epeenl as/Hlmeda IrNlnchel.
hlelrl and penalllr, H any} to M iarled
a¢alMt ell IM .a.raabn pua•is d IMd In tM
Oielrky. 1o IM extant prwketl to 1hr Bond
ONlnence; Prarked 1Aat any Proceeds from IM
aW d the 8ontl1, olh« Ihwn cash procrade
depaksd In She BorW Fund b M aced So Ray
ImNeat on IM Bonds, rsmalnfnp alter the
payment d d the mu ant ecpener d rneklrq
the local irrprowmenN ehd b• tleppslletl w 1M
Bond Fund .nq hall M Wed for Bond
rederrp0on, TM Bad Fund b brrraap+ly and
axdua{vely pledged Ior IM full and prbnpl
paylMnl d NI1M Bonds. Y Ihen h ^ ddiderwy
h the Bond FuM to maN the paYmed d Iha
Odstandirtq Bath eM b1Nrt dw I[tere0n, IM
dNlGency atoll M Mk aw OI any mnn.ye
wolabn IMMa in IM wmlue and defklenuy
lord nrNad punuaM m Sedbn 10.8 d [fie
Tasen'e CMn«. WMnewr fhrre•1vunM d 1M
BOIWa saw been oak ant oMlaflld and for
any retlson IM rallWnlrg reeNtnma are nd
oak In dme to lake W IM remdtlnp BonOk and
IMenat lw th«sdn, antl IMn b nq aafHend
money In [h. aulpw ant dNrianvy land, Htan
tM Tawn shall pay lM Banda ekitan tlw ant 1M
Intern[ Sharron and nlmbunr Ilarll by
C9IIeMlnp Me urpak uwrmenla dw Me
Dielrid,
AJI aearrrrwnte Md W a pen In IM ewNd
wrwYnts uere.d Irom IIM eHedkle dot. d tM
aeayapeeM ordlnena m M adopted by IM
Town upon ComplNlon al the teal
krOnramanla In 7M DletrieL TM Inn far such
eueaamlwn ahNl M prbr and auperker m all
elMr Ilene rcpt pandd ter Inns, other
•saram.m hens, antl paaeW;y dtha Yenk
lrrpab by rase s<de d Cobrwtb w Ha pdpkal
+YMlwabna or try ;M BnNaa 8t•tn d Mtwla
a any agenty ar IMtlurtrmaliry th«ad. In ills
Bond Ordmanp, tM Town avenantr b bey
ant Dolled ukeaantanh epa1M1 NI aaaraeb4
garter d nrocerlY h IM Ofurld antl fo lllgeMy
aMOrce tM can d IM rseurrwtle apalnat tM
~tl [ktyharvbyMOe~kd, reci.tl end dacrred that
lM prlnCb.l amount d the Bonds Bail Mt
aeraea tM emqunl wthornad ey Sew Iv ba
reued. It n Mraby NN candied, recHed old
dacrrd Iha1 IM pocsedlnpe taken to tla;a wnh
rManrlp 1a baulnp Me BoleM and ro malgnp
eltdt local Improvam.nie Mva Laren rpularly
sad one lake In mrrplnna whit law; that ail
prerequnhr l0 bwlnp th• Bonds haw bran
rdwmed; and 1fia1 eh seta, andHWM ant
ttJrpa easeMW to tM validity d lhls BoM a%rt,
saw happened end haw bean done in dW
tkM. lam aea rrlan![er r r.quked bN raw.
TM Bolls ue MI a d•p d IM Toam antl
d+a Town r Mhher flabr IMfaan, na hq Y
Nrped le 1r11 nAn ant aadA br IhNr payhwm.
raw w IM gala ryede add .nyfunde dh«
Inan epaelN tleremen[a antl dher anWUMa
pndped to tM payment theroaf an h«eln atNed.
Toe paYrrtsM d tM Banda r fld secured by an
encunbranc., manpape a dh« dedga o}
propeAY d tM Tdvm excel Iw each apeeal
Aesremenh PnOgetl la IM WYIMnt d tM
Bvntls. Nc prapedy of the Totwti aubled la eak
eraep9on, Mall M Ilobh to M ladened ar taken
M payment d tM BoMe.
TM Tam hr drignazed tM Bonds d tM
serir of whbh thN b one r a gvalilnd ten
areneN d)kgdbn punueM to Sedbn 26516y {3J
{gJ d !M wt«nal Rwenw Cede al 5988, r
anr.rldad.
ThN Bond b lolly trwnalerabn by IM
rprtnea owMr Rand In p«aon a 4y hh duty
•Ylhorizrd Ytwney on the regbtrallon hooka d
eM Twwn kpl al IM oHlee d IM Aeghtrer upon
amrend« d thla good topNMr whh w duly
recutad wrNten inalrumanl d lranaler
aMkdadory m IM RpbUar. L4POrr such 7rarlarNa
Mw gent d rM same PdnNpd amauM sna
brdrN 1M eerM nvmMr wie M luu•tl to IM
innelNea fn ecchanps tar Ihb Bond, on
payrrlent d such charpp and sublet[ to ouch
temw and oorWHlana N an aN forth In tM Bond
OtdiMUlce. Tha Town. the Rapla[rar wrW tM
P•Yh9 ASeM awy drm and 1naJ lM pennn h
wMr name Ihn Band la raplstared r the
arbaaAns Own« hereof, wMlh« w opt Ihr Bond
atoll M lw«dUe, tar IM pulpge d fa CaFVing
paynrwtl ant ter d dh« purpaae earapt to tM
aktsnl dMrwiN herefnehwe sna in m• Bald
OMinana wa+Idad with faaplrtt to the paylMnl
d hl«ea1, antl MNMr IM Town, tM Repielrar
Mr IM Paylrtp Ap«n ahe11 M spaded by any
nabs b tM coarsry.
Ihb Bord moat M replelere0 h 1M Mme d
IM owner r to bath ptirtebal and Smelt[ nn its
rapbuatlon boolu kept by Iha Reglevar In
(nMFwmhy with IM provlabns xxsd h«Nn and
endorsed A«eat and aubJecl to the Serena ant
candhbna set look In SM Bond Ofdinena. No
nwni« d IMe Band shad t» wib unnN made
on IM regr;ralbn bookA malmNMd el the
pancbeJ onirq d tM RegNVar oY tM rsplel.red
owner w hit aHaneY duly eutMlksd in wdtln¢.
TMa Bond !hall ad w veld w ml[gazwy Iw
any puryoaa untlF the Repletrer atoll have
murualty Ngltetl tM art2bye d avIMMbMton
Mreon.
IH TESTIMONY WHEREOF, Fhe Tawn
Council d khe Town o1 VWI rtes cawed IhN
Bond lo>" execdad wish 1M lacelmpe aipnalure
d tl+. Mayor, ant to bs cloned arW aHrtee web
tM fanlmlls Npndure d the Town Clerk und«
tM leofmib aed d tM sown,
3f6NEO:
{FtlpMk Sgnuun}
Mayor
(FACSiM~E SEAL)
ATTEST:
(Fealmin BlpMwro)
Ftwrn Clerk
Cedeiale d
Adharnlallon !a Band
Thn b one d rile Banda daenbed In tM
withln•mentlansd Band Ordnance, and thN
bond Ma bean duly repiNered on the
Isphvatbd bakf Mpl by 1M unetenlpnw r
RpWr« !of salt Banda.
. Cdwado,
r Regr[rar
Adhar4ad ltepseNntalhn
law d Aullwmkwtbn:
A83lONMENF FOR BONA
FOR VALLE RECENEO th• unwnlpned
Rrrsby eNle, ualgna and tnnann only
Ms wlthln Road and Irravoahiy
eppelnn attorrydnded, to
lranaler tM wnhln Bond on 81a haola kept for
IepNrrNken drorsd, win IuY ppwwr d elrbalHlnbn
En lM pranA W,
NOTICE: TM elgrtMUre to Mh eNlgnm~M
map anlwpaltl whh Iha nuts as h aggro
upon the face of IM whhln good In wary
r,.nlcllbr, wBMd arty Nterelbn whafeoev«.
AOdrre:
Taa keMHbNbn Number a 9a1a1 SantrNy
NumbN(ey;
9iperure Ouarenl•sd:
(Erd d Farm d Bondy
88CTON Ia. O•Ihrary ant Appllcatbn al
proceetle. YRlen IM Mlds hew been duly wk,
sreculsd and reprt«ed, IM lawn /hdl dekv«
1M [rands l0 1M neWul purdwa« tn.raa nn
reaelpF d IM pumhaer pip. Tho nplxm shag
inNlNly repbt« IM Sonde in tM name d the
'fsVrohas«, or In 11tr narnee d such rnllatersr
N IM Purd+aa« rMy drlpMn In wrpinp or
wrkinge errlanary to IM repiatru, ar eny
cOmipinubn Ihelad ae dirrded by Iq•
pumhaaer, Tha proceetla of 1M bonds
pxdvdllq waprlrs0 Intuex) shed M tlepoeHd
iMa IM 'Town of V.II, CObnaa Bpeth Creek
coal IrtproverrwM Dlalrbt CaMtruc[bn Fund"
{Iha 'COnxrulalon Fundy whbh b hereby
neared, arW epplNd aobry to de}ray IM Data
antl expeMr d maklnp Ma Imprarrments
{MdIdITp bckrid ery.rter ark can rented
m Me INUence al IM MnOa}. A{i nlaMya
nwlved al .ttrwd Im«rt end alpheliz.d
n1Nr1 ahd ba depnfied nn IM Band Fund ro
appy m rM erymenl d a panien d th• Imsrox
dw on 1M belle Mleuph Apra 1, 1BBl. All
rr+olteye rsnMSd as hvrlmwtt Irtaane on IM
Sand Fund atoll ha MNleea In IM Band Funa.
All moneys rrcrNed a• Invrlment IlrorM on
Ilte protra4 d the barWS shall MMr a card to
fay !d 1M l w IlwidantW costa w to
pay pdncpal d or 1MMrt an Ma Banda a IM
Tdm dN«rNMS. The rdtaa« d IM bode
fro
eha0 In M manner tM nfptlMdn for tna
appliatfert M IM lawn a any d M aHken, d
AnY tl 1M Mntla afeM.d Item rM een [bend.
SECTION k5. Levy tl Aaeeulttenls. The
Tawn enNl Wrle IM awa.ealrrnn m a ruled
ant ooll•ded r 9rarided by raw f« [M MnNd
d M. rprtee.d ryan.n a IM sense. rM Towlt
h«aby ddvenanp 1w the bpwlk a aaUl amrw
d IM bond. that IM ash d the Irrprrrwmend
In amwtea wttbrd, logdhal wkn any sacra
hand prOCMda ea prori0ed In Sralvn 10
hwad, to Provke fw PaYnrnl d Hke Boole ant
InLnal Marron, anal[ M .,... . 1, Nvl•tl
end ap.eeed epahll IM reeeeebr galley In
dIa DNlrln, w aceddenp with the Chart« end
tM VaIE Coda, W oralnanw 1a M Mrrlnl
adopted. FYHh«,1M Town wy'sneMa the[ W dt
aeerslrwnta wll bear ht•rrl ep a nlr whbh b
at Ira! egai fo tM hlphrl tale of IM«ex on
[M baWe alttl payable in one W Vrrlard or w tr
annual InxNlrMnle d plncipal, art Merril 1 d
each Yw oerrerrrtclnq on Marts t, 1900, wkn
IMNMI en tM urpak plncJpd balerta d the
rNaelMm, Payees annVNy On March 1 a
rash yrr ammandlnp Marsh t. IpgO, TM
Fown Mnby caverleraa to use ha hex .Horn m
Inwre that each aeaeeemwua era iwled m noon
N poee8sb upon kI.M4nlrl anylNbn d 1M
Irtprovarrtarae and m diepenly enlww Pl• Ihn
d the a pNnat 1M popNty wtlJen
[totals
SECTION 18. Aaeremsnt Revenue. AIt
moneys raaived ham each aseelalMnte,
Intludinq Ime•eat ant eny penaHlea tneraan
[accept [a the eclen[ Thal auto rnoneya are
paYablr to the Town as a relmbwaemem
pursuant m Secllon 11 hNeof}, ehNl M
depoehed }rata IM Bond Fund and said rrpneya,
shop wish any abet moneys departed into tM
goM Fund punuant to Ma prorNbna d Mn
mdinalta, ehNl he wed Iw Me purpose d
paYbp tM pdnchd d and blares; an 1M Bantle
end f« no olMr ourpoae wheteawet, ant as
aaculHy For such Payment the Bond FYnd Is
MrebY ezclveNay PleOpad.
SECTION }7, gooks and Recwtla. So bnq
as any a the bands [amain outsnndinq, She
Town wIH keep a cause to be kept true end
aveurole Bach d records and aecoun[a
ahvwlnp lukl antl true entrna mvering the
co0•nlon end tlhp0eltlen of apedai
asaranwrtn r web r any delhqumcbe h the
wlledbn [hereol, caverlnq aepoells and
dlabureemsrda N IM Bond Fund, tM redertptbn
of bends, both prlndpwl and IMeroat, and
dhbureemsnta to defray the coat of the
Imptwemersn. Sndudlrq Inckentd e•penasa;
and the Town wllE perms en InagsnlOn sna
•reminatbn d all hooka ant accounts N dl
raaaaneds Ilmr by a rprrenn;ive d the
wiglnal purchae« d its borrtle.
SECTKYN iS. Aeelgnatbn of Replever or
4lityldng Apenl, h the rapiatrar w payfnp apem
y appdn[ed Mreund« shelf reelgn, or h
the Tam sfiNl reaeonebly tletarNM Ma[ add
repnlr« a Payhp agent has become Incapada
d fuN2lirtp M ddlr Mreund«, [M Tawn may,
upon naica rrwped Ip each reglatared owner d
IM bends at n4 •dar•ee last shown an tM
rogrtrazbn books, eppglM a auotra« rapblrar
a paying spent, ar bdh. Na wch resipnatbn w
tl{emual may take .Hen un131 a wou»aeor n
eppolnted. Every such aumaaw regNhar nr
paYlnp apem atoll M a bank w tNel nonpeny
healed In and In goad xandlnq In the Slate d
Cdaada. h aheN nd bs regvked that the acme
Ina[Iidlon carve m both repietnr and paylnq
agent Mreund«, but the Tnwn ahNl Mve eM
rlghi to hwa IM Nme InalHutbn serve ae bdh
regN[nrand paring agent h«wM«.
BECTON 79. Authod7ad Azilwe. The oHrnn
a the town hereby an aNhorized end directed
m tale aH ettbn neeeeeery.or tpprapdata m
affeduNe the plovlllona d Ihb ordlMna,
Indrtlln¢, wHhout Hntkinp IM paneralltY d tM
laepdnp, tM prlMing d the [rands (whltll «wy
Include Iheraan an opinbn d bond wuneN sna
nnnd cMHbatbn by Ihr Town Cntk. IM
e%eddlon d ouch arlHkwtr r may reaeonebfy
lie rpukred bl' [M Inklal putMasar Marad Or
bord caunae4 reladnp, beer Nla, m [M epnlleg
d IM boeda, tM tenon end danlNy d IM
munkipal d}bwe, IM .ha«ta and exbtettca d
laden aHeninp Ms axanptbn d Inlerrt do IM
panda Irom lede4l IncorM tuallon, tM
ecaray d property dsecrfdbM, tM dal+veryd
1M Mods and Hle absera» d wlpelion pentllrlq
a Ihaapwsed affadinp lM vdkHy d Ina boMe, p
wdr b Pf axaMencs whh the Soda, end tM
•xaanbn d a bond pwchase comrad and
approprnle prrmenn whh rrpect to 1M
eerrkr d peylrrp e0ele ant regbutr.
SECTION 2O. Bondholders' RIgMS .nd
Remetllea Any owner d any wro a more d Bla
Boole mar, ehlMr at law or In equhy, W sun,
ecdan, mandamw or other pprOprlate
pr0o.edinge IA any cvun or connusnt
Jurikdkslan, prded the Ihn seated by thla
arehart0e on tM : .. .. d oak W eeelrwnta
arW tM matrya h tM gaW Fund, ant may M
wN. astbn, rttaMamlw or oln« appoprfete
pran•.dkrs¢a enforce wntl eompN [he
pedwrnvla d any awned d the town a arhr
dory krPaeed Wan its Tam by tM .. , . d.
Mb orekurta, w arty adlnena h«Ndere ar
MNaher adapted canamwp the DlNrid,
hcludinp, ~wHhroln tkNtlnp tM pen«Nhy d IM
lorepohp, Me tpregdbn d easeasmenN Imo
Iha Bond Fund, IM proper spplkeElpn [toted
and 1M d a seceN«, The IMlne d
'any evch owner w to proaad shall nd nMw
1M town. Mr Coundt or any d IM Town's
dlben. aBe1aa w ertpbyea of any Ilabflhy fw
Salton to pMorm any each Bury. No r«rtetly a
rqM confNred by thb etdinence r bl«dad m
a erckrslw d any aMr remedy w Hghy hd
ewsh such rrlttetlY ar rlph[ h cumulative and
stay M Wnued whhod waiting any oMer
remedy a right.
9ECTON 21. Taa Covenanh. The Fern
twvenenn tar fM benNH d its owner d IM
bottle [hx k wql not tale any adbn wdh reaped
d 7M bands, IM pfacaada IMreof, ant' OIMr
funds of tM Town, or enYfecBhke 9nartoetl won
tM „~....._ d IM Oorda H wch rtdbn or
omhelan would {p cwvas Ma kHelrt on 1M
bOdh to tae In rduabn frarrl mea Iltoorrw tat
tad«al IrrcaM tea Wrpoer urd« Sedlm tp3
of the Int«nel 0.ewnw Cade d 1988, o
Mterrded pM "Tae cod.'}. fig tsar Inteeeal an
pro ban0~ to br b rrJUabn Mm aMNnelrw
Mnlmum Facade home w deflnW h Srabn
55(bJ{2) d Me Taa Cads •xcear to tM srteM
such int«rr b rpuired b W Indrrded In the
ad~vautl INi book kSCprrM ant adJwted anem
rrnlnps a0fuxrrwlrke epdbahle m __ ,. .....s
urtQ« 3adbn ise d IM Tar Coda h cWwlxlnp
odrparata art«md,W mnkrum naebN Inwme,
Bllectbn 1~i5Md MewYr Cod :« (Wl dtrN
Hrlarrt Ias tM bends m kit Aa rduebn from
Colorado faaabte Incortn or Colorado
eHsrnNtya minlmum taxtbN Income und«
prwant Cobndo taw. Thr forepolrlp ttWraM
atoll nlMin In full fern and !!ed
natwllhNendnp [hr payment In luFl or
ddererta d Ste bolka rmll tM dde an which
dl oMfparbM d dre Town In funnllep tM .bwe
avenud uM« 1M Tar (:ode and ,olwa0a taw
~9ECTn ~ Drlgrtatlon a OualHbd 7ar•
Erwtp OdlpNbn. TM Fawn n«aby dvalgnatr
the Bantle as a qu.INl.d taxrxerrwl cbllpaHOn
Mr Putposr a Setlbn 255(bl{3)IBI d [M Tar
C B~CTgN 29. Am.rldrrwM w 9uppNmn d
OnflMna. Thb aldXlanos may M anwndad er
eltppbmrmsd by m IIrelMrtc• « adlnancea
edgAetl by Ore Ttam CarrrCN in al vrtlerla with
~M Charter and tM YaY Cad. whh w wHhan tM
xelpt by the Town of any atldltlond
doltakembn, wNh Mr wrNirrt alwM d IM
owner. d 76 p«awa d ttte bonds adhdizetl W
thb odirwylee sna odnartdlnp et IM Ihw d tM
aesPlbn d sari[ amerWnory a etlpplemental
ordlnanp, prpvktad, hawwsr, that M such
lortllnartaa shall haw IM clad d pentltllklq:
{y a axlambn a Mr msrulhy a .ray herd
auMalzed M Mh ordlnurw wlihad Nee wmelt
oonart d IM awMr d gta bona; a
{b} a r.dtkalan h IM pdncleal amWM d any
hand er IM rare Of blNau IMr.on whMul 1M
vdknen stem d Ma own« d 7M bent; w
{C] IM aeLLiall d l Irn tlParl IX A prdge d
peft«ty, rwMUq a tootle, ranklnq prbr m the
IrM a prdgr veNed by thle adlrlartos; or
(o} a retllaabn of tM prfltclpal eflgUM d
bonds required for OaneeM d such anwndalary
a aupptemenW nrtlln•lea.
BECTON r. Aatillcazbn. NI attlon {rat
huronale[anl wits the provlelOna of Mh
adin•np) Mretdore taken eY the Tarn. tM
Council and 1M spleen M Me Town, dlnded
toward IM craatian of [he Oletr{d, the
eanelructlon and enter eequienbn o1 Iha
Improvemenla fieroin, IM sale and ieeuance d
IM Oonda. and IM IavY d su to thN
purpaaa. hsnby h tai{Ital. epplaved and
canlirmed.
SECTION 26. Ordlnana irrsp: sl~Jla, After
IM Bantle Mw been Nsued, ;hla ordinanas
shall oonetiun a oatrad berwwarr [M Town and
the owner a ownen d tM Mnda erW shall M
ant ramdn Inep9alebn until tM boMS ant [M
Imereat arx:ruhg thereon shall Mva Men 1Wy
oak, eatlelnd and dieehargea.
SECTION 28. Lknka[ipn pn CMNenga. Ah«
tM axdratbrl d 3o deye !ran Me dw d Sind
adoption errs approval of thN aminaxa, dl
actlvna~ o suits aznckinp in 1lndinge,
detalmnalbM end urontenta w qusatloning the
legdity d lM bands antl N! Proceedings INallnp
[herero shall M perpetually Mrra4 end [hs
ord;narrce and bonds shall be mntluahw d IM
fade elated meroin sna shah b. wrl iueirey
drlrwd veld IoW I•SN h every court wtreunal
and shall riot be open to eanlrl 1w any reason.
SECTION 27. Sevaradllty.. H any aenbn,
pazagnpn, douse w prounbn d Inls ordinance
sMEI M Mb to s» Invalid or uneOlarceabn, the
invNldlry nr ulwnnrcrbilkry d such eedlon,
farte9reph, clause ar provlabn ahai nd slag
any abet provisbn d th{e artllnance.
SECTION 28. Repeanr, All ordlnences,
reeollnlone, bylaws antl repulatbM d IM Tam
in conllin wllh Ih1a ordlnana ere Mraby
repealed m the a%len[ only Ol such
inwnsNlenry.
BEOTION 29. Recartl{np; Ettadtye pats,
ImmedlMety upon ha 11na1 passage, lhla
ortlhana anal) M retardadin tM Fown book d
wd;narxas kept for that purpose. autheMicabd
by Iha elpneturr aF the Mayer and the Town
Cork and ehdl bs publlNrotl !n TM Yap Trali, a
ngal nswepper d general dreulalbn In the
Yown. TnN odllance shall rake erred IHe days
fOlOwing Ha publicalbn alter IinN passage.
INTRODUCED AND APPROVED ON FIRST
READING AND CRDEREU PUBLISHED ONCE
iN FULL [hr 18th day d Juiy, 1588.
{SEAL)
TOWN OF VAL
Kent R. Rose
Mayor
ATTEST:
Pamela A Brendmeyer
Tawn Clerk ,
PtrbNkheO in The Yap Yrd
on Joy zt, 1¢95
Public Notice
NOTICE ISHEREBY GIVEN thx puriitsM to
tM Cdaade Liquor Cede h 1935, r artwndM
Jay t, [973, Work Wks ChunHl d Gad, INdrq
she followlnp officers: PrrideM, lbugnr
HnrcMk 10253 Waat 77th Drive, Asada.
Cabratlo; Evenly Manager, JeR 7yakwbh,
1780 Lyonrea S[rael, Ldayene, Colorado
80925; Hied whh Iha Loral UtanNrp AutMrky
Im the Fowrt d Ydl on July 1a. 1989. In ^
Specnl Ewntl PermiVMaH. Vlrtoua end
BplrHUOUa Bewr.pse, az tM IaCallpt of Me
CannunHy Raom d the Yd Pt61k Leaary, 292
Wrt Mudaw Oriw, YaIL Cotoraea, on
Yweday. OdOber 17, 198D irwn Sao p.m b
12:00 mldnlpht. Such e.vragee to ee
eoMUmed on the prambr wMrs d'aroMW.
MNhnq ddreei d the eppilcanl 16 50253
West 77th DrNa, Arvrda Cobrado 80005.
A public heuinp on thb applicatbn will M
Mb before tM Loch ibenUrg Authority la tM
Town d Vad h SM Courte5 Chevrben d [M 4d
MunieipN puilaflq, 75 Spurt Frontage Read
Waal VN4 Cpbr to nn wednestlry, August 9,
1984 d 10.1)0 a.m a r scan Iherrner ab [hr
mallet may a>g boars. Pdnfwm, renloMtranara,
rrtdkvts and dh« Irlxrumente n1aY ba Ilbtl with
the AutMMY by aubmHlinp carne to 1M Town
Clark In psnan a by Iroe.
Malllnp address Ot IM Local Licenelnq
AWlway b 75 South Fronngr Road Weel, Vae,
Cvbretlo 51657.
My imerrnd pant/ may sport a[ Nk
pddlC Marlnp 70 be heard tar w egaiMt th•
granting d Bald PwnIL
TOWN OF VAL
LOCAL LIOUOA
ipENSINO AUTHORITY
Pamela A. BrandmeY«
Secretary t0 tM Authdiry
PubNehed In TM VeY Trap
nrl Juy21, 1959
Public Notice
NOTICE !S HEREBY 41VEN IhM IM Plannklq
end Enrrronlrwntal Calarllulon d the Town d
Yell will hdtl wn adminlaVative hrrlnp in
ascardance whh Sactian 15.88.030 01 the
MunbfpN Cods aI IM Tpww d Vail on Juy 2<,
1989 at 3A0 p.m. w [M Tawn d Veil Munidpal
Buikhg.
Tha hearing r an appeal d a dedsbn to
New a atop work oraN (Nwed Juy 18. 1989)
on tM CMSnr leskence healed an Ld 10,
gbck t, YN5 Yikage Rol Filing (359 MhE Creek
Circle]. Appellad: E.B. Chaster.
TOWN OF VAL
f]EPARTMEhfTOF
COMMUNITY DEVELOPMENT
Puhashad In TM Vd Tray
On JUy 21, 1999
Public Notice
P« CFR 51'.108 IaS Ihl. tegardinp Stets d
Colorado povsrnmsntal salt[ compllana•
nqulremenn, piea6e~he swan [hN eagles d tM
1988 FinartciN Recod la dr• Town d MMlum
rte wettable dwinp regwar alga hovra"
Monday thralrph FrldsY• SAO am. t0 SA0 p.m
wdy Iv pudb IMpetlbn ^[ raw affk» d tM
Tvwn GNrk 302 Pine Street Comrwnky Cams
h MIMUm. Cobrada
IOAM1TI OF MIVTURN
DYnM LN lfnq«
Mown Gnrk
Pubpshed b The Yd 7rd
on Juy 21, 1889
Public Notice
Tha Boats d Olreztwe d tM Red Clifl Water
and ganhdion Ob[rld will Mk a publb Madre
a wwMea^r, Jury 25, 1959 n ratb p.m m
dbcuu Iha IIMI ghat d tM 201 Fadikr Alan
far Ste Sewer Pro}ad.
PlAlehetl w Tile Vd hd
m July 1a eM 21, 1889
~Yr
Public Notice
REPORT OF CONOfT10N
etrac xeetanet sank .,, veil
~
as ew Yena cotoraan
.rme~bs.dws.weam .n,e,. ap ,~
-
1>ruwn w resoava ncmr ~.aaeor carorwrddmeorrrrcr~erde, one rz. urneeantncox. s«r~o, rsl.
c+~.r«rwnea oe7nt CPmµ.PWralanc[rrmcy seaters peal
Sulrwn d anwcn ant LlaAxfn -
eun ad oala„ces a,e r,wa aewvrerr ,asr,l„n W,s tn o,r.,we a mar.
aanlereekeevba aviecee ant CUren[.Y ant w.+ 95T I
FlxeuGMna DNaPCee,... ... noun I
.. .. ..,
r.ae.a wnee yam ...................................... .. ate r
tub I
s.weun P„~nnaa ,[seer ....,
nraeneeu ro r...u . .............. .. [ no;io [
scene a+a lace. nwn.q r.ce„ae,'ex
nre I9at I
I
o
m l
se
re
tN
m~
r
ea
,
UVw~Ad eco
4
less wn,.deem mne„e lvaea eoewe 9 '
Lfas uionalm uanaln ,v%relewe _
I
" I
ww arm rase>medvmm~ea.a abwe~se. va F4P?
.
.
...
red.. vaaeo aecawee
an~e
neanea aea I.ea eveun,cuaee raaueun Iwap... .... .... 1 R9
dernu nuts Prwa ......... .... ............ .......... ....._ 139
le,vsnwne a urwarmlea a.aluaraa w,a aa«~ew ewePawe .............. ... ..
c,nloeraa wal,y[a lens wane arceaerKee wnewe.ro ...... ... ... _.,.... ,-
ercagbleaesels .......... ....... .... ......... ........................... ... .
am erns .. ..
ron[»e.[e es~v
.... ...
Loves eawne wn sc lazaul ...,. _, _.. ...
o I: u.. _
none
~,
Tda •nee ant Baca Mleesa Wnwra to IS U.S.G. 18a]!a .. ...
e.PPan:
IeemeeeP Para .,..... _., ..
~ .
. . seas
4
enintren soma .,. ... ~.. "
"'I t
auemM1e.are ........ ......... _._ _.. .,, ... ...} 7761
1
FMera Santa PereMxe .. ..... ....... .. ... ............
seceauu wie e~mer aan«rwn[a re rew„<naae ...... .. ... ..
i,~rie
oeawdndea newel n.ua t,eew,. none
alms umcv.e meow non
[
I.I tgePe'x[eeenaee wevw+rQn ~,as cmrnlwae [ [,.,a2
t
ea+re iwdpnae accept+ncva a,va[ee ra enusrare~
fblp antr aeboav y,maa:wred to depaYrl
Ca
u
dnr [ [yu,.
..... ...
w
a
~es. .., .
later nadelea _ .. ......... ..
.................
... 1500
lyrvleatee PVleree [rear ..... ............... ................. ....
Peraelwl paler« elate ... ... ........ ................ .
[metal slat, ... ... ..........................
a.olw..,. .. ............. .. . ..............
.... ... 500
_ sou [
,. ... ....
Lwenwawaue am ceo-lu roeen.e .... .. .. .... .... .... . ~ JvJ~r 1
.
~ESan.,„~.Y,r.a[a.aan.,ea.ew...ye.a..,. e
non
Yela enUry vplel..,, .... ...... ...... .. .. oa
Wevee aele„ee punuenr [e rR USa. 1en[v •
rely pw[y eagle ate bun 0en,rep p,yuall to lT USC, rezt:c .. ....
eM toga
tonnes-tae pnre,na eto:e
w„OY reed
N IIW[IH
r
.............. I ntiriii [
.. I oa I
,
.
ol
n,
seance eylewn11011UaG. 18'[!01___ __ ______ __ ___ _ _______ ___ [ ease [
r10°.e~wae ~.~[: newR°'a:iy. wea~Wrb.,°2`
aan.aw ~ w row uaaw uaeseea.
:a u.°N''iai "rya Dee„ ama a ww.w<. wen M
Sala, as ~tevpal a
is feeni Gramanenner
reresat saaav
2
nT:
S]
w]
~~
.~
. _~ '.~
.. '~
'~.
, aruce u. eerr
exeeutiva vice preeseene
newrs.wnrxnwwn
~eaM newW roreRbMea,dee'rroeaNe `~~
ovrlr.
fr/aruce s. atrr
amy tz, taea~ --
~ ~ ~
-~
~~
ud
'~~
~` r~
"~
~~
o ~:
p ~Mj,
~ O
0 R.
$ ~
~ o
JS ~r
'~ ro
Q.
a °
. ~
,~a ~
n
a
ro
~ ~
~ ~
~o 0
c.~ ~m
~~ ~
~ ~o
~
V`
\ g
4 h o: ~
l
y ~ i5
N ~ NN
~" ~
v (p
`'~~ ~ 0
-.~ 'z7
~ ~ ~ a
~ Q. m
r N
g LS
~ ~
~ .~ a.
co ~
~ -~
~ c b ~
o
O o ~
Q ~
~ cD
I~ ~ ~~ N~ ~
~ 7
~
~ g
o ~ ~
~
~ ro o
H ~ d
O
~
Q ~ a
V~
~
o f
a .~ a a
~ ~' m
~ ~ c
cD
uQ~, O
O ~ad~~~~~(~pm
~ 0~`G~+N~7~'Q
~ ~~~Q~O~~~ b
~ Cn~ ~ f° ~~~Cap ~ ~
G ~~ ~
~ ~Q~~~'"~c~D~D ~
ca. ~; a ~ ~. a , ~
n~ rt~ ~ S n7`~~{
Q Q~ ~~~ ~~ 1.!
~ o~C4n;~c~SDc
°. aQ~~~N~°~o
Q a a~~'~~'~~ ~
O ~~~p-b.~(pQr`
~ ~~~ O (D.-•~
m"~.~m
Q~m~oa~.a~
~O a~-~~~oo~~
~ m ~~
~o
~~~Q~mm~N
27 ~ ~ ~ c~ -co ~ ~'
G N N~a ~(p~ a'1
~ ~`~D3°°~'mQ
~.~ ~~~~ ~ c~n~
~x ~~ C~a
c ~ ~cuc~oca
o °°~ `''c m ~a
a~~7`-''~.tnQ~
O .~"y.Q~=~~ 37
~~pp S3.
z
Q
O
O
-.~
O
m
T
r-
a
Z
~;~
}~
,.{
~,
~ • •
'',, LAN.U
TRANSFERS
binm Pn9r SS
Eagle-Vail, filinq 1, 7108!89,
549,900.
Dnvnl~Rwinq, Ltd, in Mlrhan[
U. ~ fln11y J. Atalcnlf, Scott ill.
1FlottaV and Ilorothy J. Crtmphnll-
Alataalf, Warrnnty Uccd, i.nt 10-$,
Renub fat 1D, Blk 40, Wcet F;nglo
Addition, 7N7l88, Sfi0,W0.
Dnil EngloY Day to C.P.O. Ina„
Warrnnty Decd, lot 9, Blk 2,
Lianeltidge Suh„ N€nq 4, 7108189,
16190,000.
Naknllc Do$tafans to J o e
Warier, Warrnnty Decd, hot 1,
Blk A, Chambers Reach Pcls,
7106189, $10,000.
Dcnnin Damhe ct n1 tc !!Diatom
Ackermsntl, Wsrranky UeCd, Lut
38, Bkk 2, W{ldridgv $ubdivislon,
7!11199, E96,600.
DiatL, Inc, to Jerald L.
Wuhrmnn, Warrnnty Dccd, Unit
COS, Villa at Singlatreo, Phase I,
7/14lA9, S !44,1 W.
Englo-VniE Mctru Dletr{ct to
,fan P, Nladaiela end Uiauna R.
Niedxlele, Warrnnty Dcad,Int 18,
Hlk 6, Eagla•Vnkl, fiDng 1,
Eltxabeth Jano Earle at al to
Young ~ Jatlow, quit Clnim
Deod, Unlt M4, 1!$ [nleroat,
]ieether of Vall Cond., 7/1LA6,
$2,500.
Ellxnbcth B. $mgcra (trust) of n1
to J. Kevin Gllgan, Warranty
Deod, Unk 36, Riva A1dgv Chalets
South, 7110189, 539fi,000,
Elk Mountain Hulldvr5, Inc, to
Peter E. Rook Jr. and MnrByn U,
Neu¢ebaver, Warranty Dead, Lnt
Public NatIce
QRpIftANGH HO. M
larhr of 1884
OROINRNCE CQNGERNINO THE
pISTRiCT; RATIFYING AC
iRNEN iN GONNECFI
PRESCR181Nti pETAIL9
w1rN SArtS RoNps
PRESCRISIFh3 pUfIF3 L
e, Basalt Ridge, 7l07lA9, $186,200.
EnC1AY6 PattneYR I,td. LO
Catharine C. Whlttanburg
(lAarlnment) and U[n na E. Rowoe,
Warranty Dend, Lot 11, Enclave,
710tir89, bi25,000.
Fedcrnl Snvings .& Loan {rcc)
at al to Jorome T. Nslan, $pcclel
Warrnnty Dded, Pcl S-A,
Excoptlan at F.nglo-Vail (the),
7AA]yR9, $246,000,
ii. Gnty Fender and dlnrvin i..
Fender and Ruth A. Fender et al to
Jalel M. & Part R. Bank!,
Wnrranty Deed, lot 8, Mountnin
141andow Ranch, Ning 1, 7lIOl89,
54A,600. •
Il. Gary Fender and Marvin L.
Fender and Ruth A. Fender et al to
Don DllI, Warranty Deed, Ldt 7,
Mauntafn Meadow Rnnch, filing
1, T/10/A9, 548,600.
First Bank o! Eagle County to
Eagle River $ueinasa Center,
1Yarranly Decd, sea instrument,
71gO/A9, 536,A00.
Firnl Notional Senk of Castle
Rock to Roger A. EgR and Jeffrey
R. 1[anson, Special Warranty
Deod, Lpt 1, Highland Mcadowe,
71121$9, 564,000.
FiratSonk of Avan to Free.k h
Joyce Kirsohner, Special
Warranty Decd, Lot 3, Blk 6,
Wlldrldgo Subdivision, 7!11/89,
520,000.
Peggy A, Fisher et al to Harry
Wgdeveld, Warranty Deed, Lat 2,
Blk 8, Berry Crack Ranch, fiiing
2, 71tk1yR9, 521,000.
Ann Fltzpattlck to Francis A,
Boor, Warranty Deed, Lot 10-A,
beuatA• M AuAy lephlrad Aarrn {I.a., ngblrr
r ro paynym d MM prlncyrel and lrtlar..li
paygbb b IM raphtaAtl gwryr !prod, In rM
d 8S.6o0 aaM, Mal M tleed r
al Auquel r5, 1839, shall M numbered
coMecaNely In rpulu Iwmarkel ad« hom 1
Through 73, lnclwlw, ghaN mason on Apll 1,
1988 and aMr bear Initrwl frem IM dare d IM
panda unlN malwNY NnWa ,adrmsd ploy 10
~Th~l}allowbq goon hovered yond. qln Iha
a88r•ema nttnctrm aawvnla Induled Ahaq
boar Inl«wl a eM fatnAnp row pr annum;
OF F1mAL8 IN CCNNEGTION THEREWITH; RO^d' yp epee
REPEAtINp ALL OROkNANCE8 ANO OTHER Nvntl«ae PrMc~ptl Imam
ACTION OP TAIE TgWN TO THE EATENT IndueW Ama+m Bales
INCONSig7FNT HEnEWITH; AhtO PAOVIO1HLr I b 7 1V78,boa 8.8x•
OTHER MATYEitS REtATWO IAIERE70, Bbt2 825.6d6 8.5%
WHEREAS, IM Town d Val (tM'Tasnry, ti 171017 135,C06 8.5%
IM County d Engle cent Stain d Cnkrado. Y 4 1810 7d 730.008 B.Sx
municipal cdrpdradan tluly orpnnlzetl and 2a 1q 76 7.1'S.gog 9.5%
exkdnq r a homgaule town under Ankh xK d ]Ito 77 77d,pda 9.5n:
!ha Slau Conunuhbn and Iha Chenar d tM ~ M a5 7to,app 9sx
7ownpM•Chene~;acrd A8 tq 54 MB.aop 8.5x
WFIEAEA3, pewee! la Iha Chant rd Ih• 55100.3 p5,d0o 8.57N
Town's Codq e! Ordinancaa (Iha 'VAII Cqd: h Ba Ib 78 850,ao8 8.5%
lha town Ceundl ohs 'COUndS'I hsq by Banda whbfi w rahslrW upon helslr or
ddlnena a•med wlth{n IM wrporma IiMlq d dhar rpballYd ehml brat Inl«al Ilan IM
Iha Tvwn a Ixa ktpovemwt dielrict known and mat! lApenr InEans[ paynyn[ dale to whlM
deepIq nAd r fns Town d Vatl, canndo Bomh Im«en haA been geld d duly provbad br a, h
Creel, Local IrrTtrwgmenl pwtrVq pM'pMldcr}, rro Imprt hw Man palQ hom IM dab d tM
Id rho au+paes o! meklnp c.ndn local and Mnda, such Innuet bNnQQ payab4 Ib Iha
special Improvamenla le mulgale ,cockle!! n8k[erod dm«e d IM EdrtdA cal Apr 1. 1888,
damage pM •ImproventsnlA'h and Mee aId aamlamuslry AhraaMr an April 1 and
ddelrlimtl la aeaaea a poNhn al the Cbsl OdoMe t d .eeh yea, TM plniklAl of IM
Ihelsd Ic rM paresu d MOPa+b rn IM plstrln batdq i parAhb ro rM regbl•md owlw Ihsrecf
epedafy beneliled thereby; and r shown on IM ngbhmkn Eoala d tM Town
Wr1EREA3, Me Tom! Mae duly advenlsatl fa kaq by Cenhal Sank at ganvr, In pelwr,
olds for eunh Irrpravemsnu based en vellmatr Cobretld p to WpaaAp one hapblrafl. upon
plwided Iv the Cauncll and hr qnl«ed krla a plardalbn and •ur+•nder M tM duos of
[WlAlrudian oontrad fa the canAVUCtIOn ant Central Brk d pr,wr; N penvM, tala,dp, a
Imierledondlhe lrrprovamenlA; and he waMaar phq bayln4 aq.nrN. N, won
WHEREAS, In recagnllbn el !ha general preAanlellal d any b0rtd a mnuray, paymam Y
benelha oonrarred by IM Improvarrwrtb. Iha not made u lhgrNn prevktad, Mcrae m«eon
Connell nee anernXrrad to aontr8wn 7x8,600 Ahall cmllnw al IM aama Imo par annum
Inyn lands d Iha town la lea lamwlkrlm Cry! pr•vipu Ary Mrna hY the bald, runi5lha plltcLrm
d anmm~lnq and InelaNhq IM Irpmvmen1A, rMnd h pad In Idl
Mae delglmino0 to sows IM Iemelnl~n rv.,ta Paylrwm d Im«at an arty Mnd ahaR M
agmnH Wn»h d pdp•ny N 1M pbhkl OM mesa Ap th• legbl«ad owrt« ptared M dradr
'uerAmanla7 In an apgrpala amount nd to a OrM rrwll•d by Ate paYing peel on d Mlon
aimed {788.]85 laxapl r dMrv,Ne p«niped gAah ildsrrl pnymgnl dale for. 5 such hderrr
by tM Chant ar+d 11w Vmf Cadsi In rAangnzion WY^wrs d+la ~ r1d a buairyAS day. an d belara
of gpACbl bootee cdll«nd bn bwMn ar lM hgxS wcceedfng Eva#nra daYl~ to Ihq
pwpNA d polyny In Iha glatrhi, and hr Mghlsrad owner thxeol at hM atltlrre r
des«mlrwd the bryl i _ . ,... !tondo d tM shown on 1M raglahalbn Mau kepi by 7M
Town shall M IAAVad payrbla Irom ouch reghiru n IM r}0aA d hYnMeA wt lM Ihleenlh
araenwds. daY (wMthar br nor a buAlnaa daYl d 1M
SE IT OnpAINEq BY THF. TgWN CgUNCIt calsndy nwdh praoetllrlg rM Im«wA paymem
OE THE TOWN pF YALCOtORAfXI; dab; but any Auch Ins«nl rid w tlmsy pakl
9EOOON A. kauana d Sonde AulhwlT•d, shml osa.a t0 M payaaa ro 1M parson who Y
fha Tewn and M dlben hr,a ddamXnad nIN IM cool/lalad owner Ihrgd al tht ebaa d
da badly dersmVr that x h rlaaAaaery and M boners on such day And ahaX h• payabs• 4
IM brF M«rl d IM Texn and xy InhAbltMb tfy pgnon who k AM rphtrrl erwwr tMr•d
(heed Iha. WnuuA le SM ChartAr ee tM Yql a IM clap d bvehtra dl a MacW rernrd data
Coat. IM Tom lawq ^M ask banM d IM 1a Mq payrtad d any wrA dmeup.d M«wL
Town d Yax, Cdpnda 0aalh Cyrk Eral Bucfi eprim Toad deq zMtl a lbwd ty IM
trrVrvralllerd pietrk•1 h IM pgrapua pdncpgl rpbllu wMryvr mbngyA h•mme avaltebb
a.muM d 87s5,6op OM'boMs•1 u ^ Alb. d tar ptyrtnertl d rM GIwMd ImraaL ant norlCq
!365.000 duo axuad Intqtrl, far IM parpaa d IM AAradm raced doh ahar bq ghwll In IM
d paying IM mA4 d oalnrudllp and dfwrdy r.pLtarad owner! d IM bards na Iw Than tan
ecquhing Mq Inpovartwntz and ml proper dAn pbr lh«eW byEM-Baas mtlmgACfl lade
Fncidgntal rpgnsga ilndvdlnq, whhoul ragNlrW awngr r ahbwn m IM reghhatbn
leram3on, aephallZgd InlFgal on tM badq. beep on ^ dap gtlrrgd by IMrpktru, nahq
5{CTION 2. 9sY d Bands, !Ala Town hu tM dqy d tM pedal noord duo and rM dma
d«gnrw,ad ro abmq tM oar d FlmBank d Vml IIA•d Ip tM parntarn d each dWagB•d ttl•rwt.
to purd+ar a8 d Iha Mna fors 1x+M d TM pAyNtq a ant may make paymAnn d
a7ea.opo da aarurd M«wt. Idrrr bl' eu~ aarnalNa meat r may M
SECTION 3. Approval d Eallrner, Tha mnuary agngd Iq bAhvaan IM owner d Any
battle Ara Mrnn eumalzad l0 ba, rd ahoy bond antl 1M paying apam. AI audr payrrnta
en.H M, hauAd ba.w wet Ih• aonllen pdc• gMIF M made In bwld motor d IM Unhed
I0i ttti a and wort wlFrealr d IM 8lalas d Amrlaa wnh0ul dadunlm car Iha
To,vn 4anapal, Irll d whkh h«aby an arwardlMpeNrq Aq«kproghru.
ebwa'sd try IM Council, BECTIOH 5. Prbr Red•rltdl0n. Aq d 7M
BECTgN a. Camplaibn d Impovsrtynu, Meese aMZ M ^Ib)sd m red.rrclbn pbr ro
The Towq oovettarr thm IM IrrPi . will rtwtuvhY aA IM ogbn d Wq Town h ragllW
b• anAlrunad and compingd with duo msrrtrbeX cedar on airy Mnd Mrwt p,ymra
Nepanps Ara In ^ F}rwly mAPMr. dllq, al a plea aeual rb iM Wktche amwd
BECTON S. Sad Ua1aAt. Fa IMpurpaa d IMnt1 pWa aperuad Inlrar Iq ihs e.d•rrglerl
~ Irp IM cease d the krrywamMra, IndWirq dmq. Whr•vr !Mara wa araxabb manAya
IAavw t;n:almt.m:xm Al :liaYrn bponae is reairedlhind ap~lmlx~d idr~l)MrM Tlaxna
dea}Inaead 'Town d Val! Cdpatlo eaAh CrAak YaX, Calorrd0 Booth CrggA LeW hlpraAwrrtArs
local lrrT+Nwrtwm pnrld, Local Irmmtwrrwtl Olnrld. 1868 Band RekrrM Fund' QM'Bord
aoada. expo Allly,• n tM apgragab pYtdp.I Fund'1 whkh h hargby aamed, h uaas d IM
amaVd d t3e6,Op0, TM Mnds ahak M , alttaunl raqulrad td pry rnlmal on Iha beret
Resub Lot 10, Hlk 7, Ys{I ViF[nge,
lilinq 1, 7!07189, $985,000.
John M. & Rasemnry Freskaa
to Kireti Wasirom F'cll, Wnrra,~ty
Deod, Lat 45F,, 0177 Stone Creek
Drive, 7/12TA9, $17ri [NIO.
Judith A. Green tc Phiiip D. 6k
Linde $, Waidbnnm, Warranty
Deed, Unit B, hot 31, Vail
Meadows, filing 1, 7110!8@,
5205,D00.
Rlchwrd C. Gustinc to Mary
Colleen Gorman and hawrence
A. IloweR, Jr., Warranty Deed,
Unit AO 1, Avon Center nt Beaver
Cmek I, 7llOlg9, $100,000.
Ccargin D. Hntt to Richard Lce
& Linda Kaye Glover, Warranty
Deed, Lot 23, Hlk 6, Bertroch
Subdivision, filing 3, 7106lA9,
553,000.
Clifford R. Hold & Mary F,l1en
Held et al to Richard 1,. Helenke
and Mery Alyce Da!!, Warranty
Deed, Lat 3, Blk 2, Pcachbfow,
7l06lA9, 595,000,
Jeanne Ilclwig end Norman R.
Holwig and Paul -. Helwig et al
to Cary J.E. ThortNtan sera! Pte/;ice
A. l.w Porte, Warranty 17aad, Lot 3,
Blk 4, Gerry Creek Bench, Hling
4, 7110189, 54A,000,
ITT Commercial Finance
Corp. to Mere & Patricia
[3ahepiro, Spcctal Warranty Decd,
Unit 17, VRiI East Townhav ea
Condo., 7!06189, 5135,OOD,
James Bryon $cegere (!coat) et
al to J, Kevin GBgan, Wsttanty
Decd, Unlt 3fi, Rivn Ridge Chalets
South, 7110/89, 5396,D00,
JFK Canattvctore to John C. &
mr awstantllnq on IM Mn Imarrl paYmad
dma, IM 7avA atop rxarclea ka oplbn ro
redeem on 1M next ggdlcabk Nsereq pavnerd
tlme a WxabN nvrtbe+d battle 0melandlnq.
Ndhlnq h«eln eMl preclude the sown !rem
reVntlirtq nl a a paean d IM betas a Iran
axrcbing ha rlgnl ro radxem MMa pb+ b
nutahy Irom any avalrabre evurq atone.
Nalp of prbr redertplbn shat IN open by
Ma paylr,q spent h Iha none d lM Town hY
eentling a copy Ihered 4Y cenrbtl a regbtared
1lr« class mnl}, pampa prepad, la Iha
regtelered owner d each lynd dalpnMgtl !or
r•d«rplbn m hla addraa r i gppap an IM
ragbtrekn hooka w d the dose d brrolnwa vn
Iha tlaY precedlrg It+• mdling of such ndle•.
Such notlcq gha11 .pacify the number er
nunoen d tM bonds ro M so redeemed and
the daro Ilxgd fa redanpthn, artd shall lunhn
slAle Thal on ouch dma IMr• wpl !a dw eM
paYaNe upon each Mnd Aa la dl . m
IM dNOe of Iha paylnp opens She prindpal
r>nVn1 !Melee! plus aCClued A,taraet to tM
redevurtron data, entl that Irom and aNer such
dot. Innrwt atoll cease le aarua. Nolla
MNng Men glean In the manner h«efnabava
provltled, the Mond a Mndz ao called ahml
became dos end payabb an Iha dale eo
deefpnued, and upon permubn IMred el the
tsylnq agenh Iha Town wll! pay rte Mnd ar
bands eo cared. Fellun to plea rwllCe by rt1tllNlq
a any tlded n ouch na3ce shall trot atted IM
raldiry d 7M prboaedMge lathe rederrWlOn d
any dMr hondY. AnY Ildka mmbd at pecan
provbed AMA M aondalvaly Ikewmsd to
have base given, whahd a nd lawhed. Any
beetle ratleamed plot So melurky opal M
nnulwd M dy PayNq Apem.
SECTION 7. Aeplalmbn and Tramlr. Thq
Taws Ahml ease m ba kvd al IM pinclpal
dlbq al 1M rsghlru boaka rw IM reghlralan
and LanAbr d Mnda. Upon sun•ndsr for
aeons! d any bard a IM pir,rtral orllrn d !M
reghbar. lolly andongtl !ar Iran Af•r or
aCCanaVln V•d by an nAlpnrrrrd dufY axecufad
by IM rpln«ad am« m hN Attwn•y duly
sulharFxad 3n wrdrog. Ina lagl«ur gheh
aulMmleaU ant dnly« In tea name d Ihq
Irarwt•n• a ryw Mod bootleg n>e Aara contra
r tM bad hAktg wrnrldelr•1. AA Mnds bAtled
yen Ny paahr ehal M oar valb obltgatlonq
d Ilr• Tewn avWdtckg tM e~,x, rblgmbn and
edhled ro tty same eecorlty url banelde undo
8tb adlnance r Xy bonds Aurrrtd«ad upon
aueh Vunel«. TM replaerp ehnl Isqufn tM
pnymaM by drq owMr d any bad rquatlnq
va+wfr d ary tax a dv,er ,. ~ _. charge
raqukgd m a Add wzh reaped b zuM Iranefd,
and the agraVU may Ntthgr lmpaaa a
rquonahA. ssrvka M«ga ter any Mannar d
bads.
YM leghhrr anaa nd be reposed to Monett
any Mnd tlurinp a p«{od baglnnlnp a IM
grnkq d bwuwe 76 days Mlda lM day d
Irtallhp by tM ngNUa bl a ndba d prbr
radampllon d bonds and •rtdlrtg M tM coos d
Mnnre On lhq day e! Auch mmling, nor, with
rasped m ^ panla+W bond rlKr tM plblfarbrl
a thq mdnnq d nolke calling alrtlt band la
Arlo radarrolbn.
M b ury bond, adtehr a nd ouch bond M
avrduq, IM tyrAr b +dloAa namq 1M eunq
epee M nglnerad shall M drn»d and
rApardAd r tM abollrtq owner IMreal fa tM
pulpaq d mWnq pgrrwnla 1Mna1 ant la ml
dhr purpaaa (agape b tM axtad dMrwisd
wavWAd b tpadbn 5 hared! and nahnat [M
Town, as rphuu. Mq paylnp apa+tl nor any
dhar egad d tM Town eMJF M atladetl by any
ndka ro Ihq contrary, Exoaq a othgrwh•
pwldad Irt 8adbn 5 Aatqd, traYmtd d •hhar
plydpgl a Mwgd an anY bond anml M rttma
anN'ro a upon uw wrtnrt adr d tM ragislgred
drnar dl«ad or hb b8ai reprrantathw, bd
ueh raglnraclon may W cnanpad 4
Mr.lnabaw prevldad. Aprrwdl . , chap
M veld wd.asadual Io AAlafy and tlhclyrge
dN ibbinlr wart audt beta m IM aalars d two
sum a eww Add.
K any ba118YIta5b relt.'aNlsr4 dw[mysdp
mlallead, sly rpiAbu aM1L open reeelpt d
audl wbr)r, ttlormmbn a ITrdgnnxy naAhtg
Ih««o r k a tM Town may r aonaory
nquka, and apps paymMrd aX •xparwr N
tonne . .. AAlllankale one dgMrs
Eva L. Landreth, Warranty Deed,
Pcl 36•B, Resub Lot 36, Blk 1,
Eagle-Vail, cling 2, 7111!88,
5127,OCNN.
Heeaie Ann Jones (dvccaacd) et
al to RueevD E. Price, Pem. Iicp,
Deed, Lot li, Blk 41, Weet Eagle
Addition, 7/06/89, $41,000.
Werner J. & Gilds L. Kaplan
to Arthur A. Jr. Br Lejahn N.
Olson, Warranty Aced, Unit 7,
Phase iII, Lion $quara Cond.,
7!10!89, $1D6,000.
Carla $, Karzen to Dahorra J.
WlRiamson, Warranty Dced, hot
I0, Alk 2, Ruedi Shorex, filinq 2,
7/oaB9, 515,(H10.
Roger & Sandra Keith to Ray
McIllahnn, Warranty Deed, Pcl B,
Reeub Lot 31, Hlk 1, Eagle-Vail,
filing 2, 7lOfU89, $60,1100.
Kensington Land Investment to
Stevan M. Shulrmu and Carolyn
M. Welch, Wnrranty Daod, Lot I,
Cardiklera Sub, fiiing 2, 7!12!88,
$04,1100.
Leedom Kettell et al to Harry
Wydeveld, Warranty Deed, hat 2,
Blk B, Berry Creek Ranch, iiling
2, 7lhA/89, 521,000,'
Anabell J. Kirby (par Rep) et al
to AuaseI] E. Prlco, Pere. Rep.
Deed, Lot 11, Blk 41, West Eagle
Addition, 7108!89, x41,000,
David L. & Christine L.
Krenek to Cakhy Ante Seippel,
Warranty Deed, Lat 16, Blk 5,
ferry Creek Bench, tiling 2,
7003!89, 5208,000.
Rocklyn Dele Lamb to James
A- & Uawn M. 3ladkq, Warranty
Deed, 7111/89, 53b,O00.
rp4amenl band beadrq iM !ante nunnr r
IM Irr, stolen, datreye0 or mntlmed band. N
such bqA, s[den. dnlrayed a mullWed bent
opal have mmured a ahaA harp been ®ted la
raderrpllon, lha regleirar may dared dlu such
band M paid M Ina paylnq agent In eau d
All beetle avrrenderad for redempHan,
peYment a vane«, X eunenderad m Ins parkrp
abed, ahml be cancelrad by the paying spent.
rd, x surreMared Ea any perecn athe+ Than the
paylnq agent, shall M ddHerad ro [M paying
+pent td aurcelhtbn.
9EGigN 5. Nepatiebllny, Suhl•d !a the
rvplahahbn p/ovlaiona of Fhls ardlnance. the
bands gM11 be luty negdieble and shall have
all the qualm d negdlabla paper, a,aJecl b
Iha Ieghlrmbn and paymem pavEAlan! oared
Mrelrt, antl IM bwrwr a awn«a IMIB01 aha11
poaeaee all rlghu snjoYed by holden d
napolabb Inalrumenla und« tM pwhlanA d
IM •Undam Comnterdef Coda - Inrwlmad
Securillw,'
SECTION 8. Eascutbn and Adhenikalbn,
TM bade ehml M executed in tM nnrla d iila
Town wxh IM IaalrNb a3gneure d the Mayor,
atoll bear the taalmlle Beal d the Yawn, shop
M stteated by thq fealntira egnetura d iM
Tcvm Clad, and ehdl be smhenibaied by the
manum Nlgnetvre d a duly authorked dlloer d
tM !agent«. TM beetle Madnp the alpnmmes
al tM dnC«a In ox[w al the Ilma a} Ih1
aulhalzalion Ihered shall M IM valltl and
analog obrgatlon/ of the Town {ecb)eci b the
raqulremenl d suihentiwtian by SM reglehxt),
norxhhatuding the any or ail d tM pereme
whose aigrrelurea appear !Maroon shall have
rxraeed to IeF !Melt respectme oxieaa. Pursuant la
the Unltorm Fanimlle 3lgnelure of Pubtic
011ideb Ac4 Part 1 d ankb 55 el Inw I1.
Cdrrado RMsad Stennr, IM Maya and Town
Cork opal pbr ro dmHSry d tM bands Ills whh
[M Secrdsry d Seals d Cobrsda IheN nptltual
aynadurw Cr[Xbd by sham ardor oath.
NO bond atoll M valltl a dNlpmary I« any
parpaa Vnlrf IM rsrlrlCne d ardhnnllulbn,
NuhatankllY h tM tam h«Nnbebw preNded.
hu been duly executed hY IM regleuu. iM
ragbrrars oenxkate of aurhenikelbn ahs}I M
daaowd ro have bean garnned by t x manumty
algnd by an aNhahed dlkar p gnplayw d
rhs Isptalrar, ba x shall rNl M rwmuary Shat
lM soma odfcq+ a arrployr Alan tM aenrlcata
al auMnikaden bn N d fie bands !awed
Meander. BY auth•mk#lirg any d IM itpda
d•ihrarad punuanl to lhle ordlnanca. the
reghhu apes! M de.r,wd m haw ay«n.d ro at
d taw provslww d Ma adlnarlee.
BECTpN t0. Paymem d halo, TM bonds
authairad by thb pminanM ant Iha Inrerwl
thereon shall M paysb6 lexcapl r prodded !n
Sedibn I t hpr/l eelaly irom monaya b tM
Bond Furl, mnWtlrp bnY d Irxxwys meeeesd
(pHrtdpaF, itwrt and pan811es, 1 any! Ism tM
ugramanla to N Ivied [e pay For the
f e hAOaq to tM axle! Thal foal
moneys uq payable to Iha Town u a
rMrrbltrrnym puwuad to Sadbn 11 hared!;
prpidad [ha anY PraCSOda Iran IM cab d IM
Mnds, ahr than auto Procaada depaXed In
1M Bap Fund !o M uegd So pAy Mren on tM
Mnds, r•r+tmnlnp altar IM paYr+wltl d ml the
cats ant axpaMM d makhtp tM InTorvrarrtaraq
aha7 M depoatgd kl tM Bond Fund ant wed
for MM retlanplan. Any rgranyma In IM
Band Fund nmmnktp aMr Ma bands, ban
prkrcapat antl M•Irl an Pmd In IuX (and attar
arty relMturrmad du• IM 7ownf, shall to IM
aired requlnd M 1M Chenar M dpmXetl in
dy rewrya wryw .rd ddk:igncy lard pemetl
punvun tv Sadlon Ad,B of rM Charter.
ImmWlatety upon the aallenlon of any
auramenle Ilncluding Inxren and anY
penmtir Ih«aml. rM rrwnoya tMrglmm AMz
M dapaxad n 1M 0aM Fund Isneeq 1a eta
axon Ahe ouch monaya ass payable t0 tM
Toren r a rmrroungmrrtl punuanl to Saabs
t I hw•on, and aaN Anna b and wi5 oann„a. m
M krgYOably sad axduaNNY pbdg•d far eM
paymsnl d sly ork'dpm d and Ma Id•rwl on
lM beep.
BEGTpN 11. 3urplt. ant Ddklgncy Fad;
Town PAYrrwm d ep,da and RNrcaura•rrre+tl.
Punuanl to Seclhn 10.8 01 the Chuur,
eatartwar awry e • dafkialtcy ih tM Sorg Fund
Michelle Mayne to PhBip J.
Podrid, and Jeffreq U,
Rubinwtein, Warranty Deed, Lot
12, Vail Enat Townhouaa Cando.,
7/U6lA9, 5177,500.
Kennoth B. McCollum and
Rebecca L. McCollum et el to Jill
L. Buckley, Warranty Dced, Lat 9,
Hlk 1, Vni! Intvrmovotain Dov.
Bub„ 7/0518@, $07,000.
Patrick C. McDonald to Uennls
Craig Custnfson, Special
Warranty Decd, 1!3 inlcrcet Unit
E, llillaide Cond., 7!06!89,
Charles F, Mceoni Jr, et al to J.
Kevin G11gan, Wsrranly Dond,
Unit 36, Riva Ridqa Chalets South,
7!10!86, x396,000.
Andy Mill to lloward Jay &
Pamela L. Freemen, Warranty
Deod, Unlt b, Banbe rg
Townhouses, 7!07!89, $93,600.
Dldham-Conetructian Inc. to
Matthew VanportRiet, Warranty
Decd, Lot 3A, Blk 1, Blue Lake
P.U.D., filing 1, 7l05/R9, E22,500.
Patrick Aannia & Linda
Louisa Park to Manuals C. Payne,
Warranty Deed, Lot 33, Bellyache
Ridge, filing 2, 710bl89, 538,600.
Cindy .L. Padhola to I; ,
Mellcolm Hurst, Warranty Dced,
Unit 4, Bldg 4, Treehouee lI,
7!03199, 53,000.
Thomas J. Ptach to Jacque M.
Lovato and William L. Cronearl,
Warranty Decd, Lot 30, Blk i,
Baiedauf Addition, 7/07189,
5104,000.
Leonard & Wanda Raicheri t6
Ulane L. & Ralph $, Otto,
warranty Deed. unit SD, Bldg B,
Village Center, ?/13!89, 5266,000.
m rr.ke tM W ynler+l d IrttclpAl an0 Inc«rr an
AM outnandfng bond. when duo, wch
d•ACbncy apex M paid out d AM Town ~
auyis aId deridsr,ry land aamad Punuam b
8ectEn 10.8 d th. cnen«. Fursha, YAIM1ver
Mraa-IaunM d Me tondo have bean pakl and
ancdled and is any reason the remaining
aeaumedq ors r)d paid b Ilma ro lake w 1M
ramalnlnq bottle «d Ns fntarwl due thereon,
and ih«a h not auakbm nmey In fM Town's
urpra antl dsikdaay font, Shen tM Town spar
paY the bonds when due and Idena[ IMreon,
and relmbuns MeX by cdlsctinq rho urpam
wa•aamenta aw lM 0lslda.
SECTION 12. Bpda Not a oed d Town. TM
MMS gha31 sal M 0. dab! d 1M Tpwn, and dy
Town shall not M Ileble thereon. nor eM8 X
th«eby pledge in full lahh and cledh fa Irylr
~Ynwnr, nw Mar IM bade M payabb arrl d
y Nnda dhar rryn 1M sale ial a.eeurrrema
and dhar ngaya pkAtlpsd ib rhs payment
Ihered, p Mreln provldetl. The Payment d
hand! h nd tacVred by en •nnlmbnnp,
o n~IM or dMr pbdpa of popany d IM
Dept la ouch apeclel reeeerrwnta. tb
poP«IY d the Town, eublen to rid axcep110n,
ehdl M tech b M fodexed a loran N PAYn'erd
d sM bottle.
SECTION 73. Form d dada, TM panda and
She repbhara dMXkare d adMmkdbn anal
M In eVbman[InIY IM }drawing }ale, with ouch
amiwtan e. Fneenbnl, mdonemanla antl
vuleba ae to any rechab of fen or dMr
pramalona ae may M required by the
dreurrlanCee, tie regVksd br pemYlletl by Ihb
ordlnanp a M abnelet9nl xnh Ihh «dlnar,oe
and necessary a apprepride W Don}am to me
talc antl requlremema d any qov«nmemal
~nahy a arty usage a requk•nwd d few wah
peel Instate. and povided thm any d IM tail
on 1M tecw d IM b0nde may, rAlp appoarara
refderca, be pdmed an tM near d tM bade;
AFamd AoMI
UNI3E0 STATES OF AMERICA
STAYS OF lX7LORAm
CIX1Nry OF EAGLE
TOWN OF VAII, COLORAbO
ap]THCREEK
LOCµ lAPriOVEMEHT CISTRr:T
tDGAL IMPROVEMENT BONOa
3ERIE3 7a9a
fJo.
Im«qa Rata:8.5~
MearNy peso: Apt 1.1888
peed r d: AugVet 15. 1058
CUSIP Nuvb«:
REORTEREO CYWnER;
PAIHCIPAt AMOUNT; 55.000
TM Town d Yall pM'Tam'I el tM County
d Ea01q ant 51ata d Colarda. ^ munldpm
wlporebn duly organlred and axlning, for
roue laoalva4 Mreby , . !o pay ro IM
Reghyrgd Owrw Idrraf W atv», p reglnrad
wegrw, upon prredalbn and aanrtd« Monet
e tM pdrttlpA} dfkA d Central Bank d perlrar,
N Dancer, Cdaado TIM 'Paylp Agrl~, iM
Pdndpal Amount Idan7Nled ghoya on tM
MawrXy Detr kN•ntXbd abwq (aublera q sly
Fight of prior Iedgrrpllon MnknbAro.
rrwnbwdi, ant to osy Merrl an tM Rktc4ul
Amount Iran tly mat Irnre Inwr1 MYtryd
dab m aAkfl Merit hu Man gab or day
provided to a. r na !mart! hr Man paid, Man
thq dab d ihk RoM, m IM Im•rW Rata par
gnnlrrl Idanlxbd abo», pyabb m April A.
148a and rmtanmtmiy ehwenr on ATxr I
w acrdrr 1 d q.nt yrr, umu paYrlwnl d tM
Prindpal Amoum herabA hu been made.
Mlrwl 0n thh Bond xill b. pAb on ar bdore
astlr Id«wl PeYm«e dd• lp, K wch Irnelrt
payrrera tlata Y na a daetw. der. on a bderr
rn• naa AUCMading buainew dart 1a 1h1
raghtaM owner d Ihh Bpd by cMCk a drtll
ntNlatl Ib suds rpblrad awr,ar a ar gtltlrau
zppgarlnq OR tM regMrmkM b0ola Nape fa that
purpose m IM allka d Cgm+al Sark d Derv«,
M panvM, Calaado. r nsphue, m ay doaa d
bwkwga on IM FXIa«nh dly Irrlullw p na ^
bwlnaq ant d d,e ulendrd rrtodh petyding
ry klurae peYrrxaa dmq [IM'Regubr Rgooro
peso'!, Any such Merwl nd 10 tlnwly told apex
Ara b M IrsYahw m ay p«wn wM 4 IM
See reelei Page
! +=
arA
~~
It;i
E`
~. ~ ~ ~
;.
~¢ 7fie Va!!'1taN • AtWUSl4, 1999
F1nnI prletNoMO page d+a Tawn kwa p 1M doe. d hla Regbttr upon Tam wW k•ap r cauar ee W keq bur and pay, krldbd and . L
/apNNrd ownN Ilrrraf M tM cbae dhYelnwe aunryar d fhb Sold topethr whh \ doh
on IM R•pular
acd0 ONa and
p M rewut
wrinee
bmro accurma boob d records And aorouma SECTgN 2!. Lkn4Van on Chalrlpa, Mr dauta d p+rL +~ arrbaadkl4 aeatanca,
r
~
~
payabb la IM son wM b IM Is blued
9
'ar
Mr
l m lM d
d b
h ~~
~
~ f h lrarwfra ahowlrlp FuFl Rntl bur rnhbs wvrinp IM
ambt IaiM ktw, cdlasUon and dlapaslllnn of sPaclsl
w B
tl d tW
l
l
I dr• aaplrpbn d SO days hom plr data d arv0 Thal any ~M er mor
e
p,a~ er~lons,
sdapbn arM appnvar d Ihb ordlpanea
all - allberd+orw
eMlM
•
d
•o
e
lr
oer
us
wa on a
Ap.ei•I R•ewe Om• toe M• payment d any
rM
on
came Pr
llc
p•
pIrWM ant
Wdelp 1M soma numMr w!A ba heusd b IM
wawamema a w.s M anY tlNhqurrelw to tM
eolbnbn thereof, eaverinp dpaelb antl ,
,
w
,
aww «
aellona w Rufn ulseking pe findings, dedered Fmdld, ~~ W
drprdrvtkw ant oomRda d
u
lb
i
d•1•YR•d lnfxrl. Ruch Sp•vlq Rsnrd Dale
shr! W IhW 4Y IM nephlru rrlNnlrer moneys
tr•nanrw In eschanpr for lhfa Bontl, on
paynr•m d each dlpgw and augea b such
dieburaenwrta h Ih• Sand FuM, tM r•drrgi«I
d bonds
Odh pllnc7
al and Id q
w
n
ng IM SECTgN 3.
bp+NY d 1M herftla arld all MOCwdlnps rlannp TM Town Ceuncll Mreby AMa. dmprdnw
th
h
baeama wanable I« peyrtrd d Ihs derwRed
I•rtrw and o«MXbM as w e.l l0nh In fM Sand .
p
uwt, •nd
ahbureertrann b derrey Ma coal of rho .rmo s
op W frsrp•twlh Mrrsd, and the ant dscbtn Ihm Ihh OrdMann b nacwaary
erdlwne end bonds .hall M aonUwM d IM
nt
l
M
~ lallei,•- glrr~n the rlp4t. bl ovmanrd IoM
t•arkq A9ml nary dwm and~rwielM a~ ih•n
1~
lea rovamnnit, InClvtllnp Incld•n1m •xp•r,a•a;
ary IM. Town w{:. gotten an Ine
ettl
d a
proper
a I
heenh, salary end weden d
Lae elmed ehenln and shell M c«,clwh•h IM Town d Vns ntM the kh•bhanla therad.
dar
d
ld
r
BorMe d IM earlw d whkh Ihla b erle ml laaa
a
M
l
h
wMaa nwrr Ihb BoM le raglHVed u IM p
on en
aepdnallon d all books and RcCnunn a! VI no
ve
ens
epot Lt awry court s Itbvna
ant Shae red M op•n b cantwl f« any .wean l 8ECTgN 1.
T
-
n 1•n
aye pl
1
or T
ereto. AAernmlw rrlurn d
gymed of Inlarwl may be used N mutually
aMoMa owlr homed, wnmMr d red thb Bend
sMll >H meedua, Iw the purpoar of noaMnq
ranpneda Ilmw by a repreawulhn d IM
cdpinel pumhaaef d [he bonds .
SECTION 27, Sevrabilhy. X eny eenbn
tl M r
, ap ePaal a the rsp•al ant .. . d
Y Movlelpn d SM Munk]pm Cad. d hrr Town
egrse6 to Wrwwn IM owr»r d any Sand and payrrwnt end hw .7 dhp W rpoew err
Dent 10tH
BECTa]N fB. RaelpMlbn at Rsghtrr w Pp+HnIM.
ewa d Provkbn d thh artllnarMr
chat M flay m W Imely d unanfonv,eple
IM d Val m Movyed In Ihh Ordln•nce shall red
aNMd7ing IM tnuana d M Sonde tM -flood
9 I
Ordinanp wkad wkh~a ant In rM Bold
M caged Ir Ihs pnYrnnt
Peylrrp Ag•rtf. h 7M raplalrp or payirg .gam
IMlbrlly appdnlad hera
y
h
l .
hvmylly a uMd«cw6111ry d auto esnbn alfed any dpfd wnkh hse accrued any duty
, lmfreaed, eny vbtmion Ism oowrted Mbr to IM
OrtlEnalln'}. The pantlpmdend lntnwE On lhN
d hlrwL and wahp IM Town, tM Rsplelrr ur
m s
a
t resign, or N
IM Town Rhdl naaanabh ddarrNns Thal sob pangrµr, chow p proNabn shat red mled
++IY dhr provhlondthin atllnence affective dale heraol, any prosacutlon
a
e
dAm
~
tic
wk u
nfi
~wt ahdl W attened LY a^Y
k
7M
~
reglNru d paYhp agent hoe becerna Incapabh .
SECTION 2g. Aapsaler. Atl and{nencee commancsa, nor arty other sttlon or
dh
l
our
3l
/
w
a,
dlan la
lM
sarvkae d IM pan
N 0 ApeM d Repbum. M tAwlr n0t
•Ia
orRr
c
7h4 SorW must M rplelersd 1n SM narr» d
d lultlling fie tlunee herauMw, IM Tam may,
lk
tl
wa{dbne. 6ylawa and requlrldte d lM Town , proCw
pa as mrmgnced attar d by Nrtua d
the pravNlen repealed yr lepaelad and
ll^n
and~urcantlr d thh Band N IM
P wenta
IM oamer as to bdh pnc~pal and lnkernl on the upon rro
R too
ed 1o each rapletprd owner d
IM bands al hb address foal eMwn on IM In conllftt with thh dtlinana are Mre
npeafad to Ihr azlanl onl
f
Ch rerraetad. TM r Y p~ Y
h
N
s y ptw
yba
ly
\ ~. t
A
ylnp p ity l>amwm d This Bond b
d
d
replshaflon hooka kept by !fie RaglHrar In
f
ngle[ratkm books, rgrpolnt a eut;saeed rrlgNlrp y o
tY
beomlelancry. e
a
not reeler ore
lebn w al
rd
nuip
rWb
l
l
d
not mo
e n Mreln pmr
ed, InMert boson
shall hontlnue al IM blerwt Ama yenlHisd
wn
arrMy wXh the provhl0ne staled hre€n and
udoNW hrrron ary sl6]en b 1M Iwnu and
d payfnp .gem. w both. Ne such rwlgnmkn d
dh
SECTION 29, Rocording; ERenMe Oan, p
uR
y repea
e
or suprnrdetl unless
erprenly kmed hpefn.
nhovr anal SM Pdnclwl Amoum Mrwl k pay
eadpbne cal filth In IM Bond Ordinerrn. M1b mhsel may lake aged until . auccnaor b
appolmed
Awr
ea
h Immedlalaly upon Xa Ilnnl passage, Ihls INTAOWCEO, READ ANp APPl104ED ON
M lull,
Thle Bond la ono d e series aWbct Ip prior
venelr d Ihh Bon6 shall W weld unless mlye
en IM replelrstbn It
ke mad
nlelna ,
y
c
sarz•n« repletrar or
paying .gem shall W a banN « Cruet earppdny «dhenn shs[I M reodded fn eM Tawn book d
dtllaerlpa keel far that purpose, authenikmsd FIRST RF:AOING AND OROEpEO PueL13HEO
ONCE IN FULL Mh 18th dayd JY/y
1989 ant a
rsdanplbn In lepuler numeeYaf dd« hl' and eV ~
~
~~sf~
pdnclpm dike d tM R apu Ihs bcalod In end In good elandlnp In IM Slats d
Cdorada. k ahal not M requkatl Thal the same W Me mpnaturee of the May« and the Tawn
Clerk ant ehml be ptbilehed in 7M V
A 7
l ,
Dun1b Marfnq shall M MW on Ih4 Ord{nonce
M
Iw~^an d rho T ~ ot~uel fo IhaY I~terwl
1 don, al a tae
~
awdark ~n•y~ ~a; ~ ~a~A ~ Xlnp.
I
Inalllsdlon carve es both teghtrr .red paying
s
M e
re
l, a
4¢al nawaPaPer d genral dRUblbn in IM on 7
tech daY d Juy, 1880 m 730 p.m. h fM
Counrll Chambsn d the Vml Munblpal
arMUnl. thered Wkh aafued InnrelPio
M
l
d
d
any purpwa aMN IM Rephlne IIu11~• a
l
l pent
reundal, but the Tdvn ehaR Mw Rla
rlphl to Mw the coma inatilulbn seen u bdh Town. Tl~b oMln•np ehml tale elfed INa date
ldlowlnp X6 q+b11ee1bn aSrM 1ina1 puaage Bulghg, Vel, Gatorade.
T
alrpt
re
on
ata. 1Yhenwr Iharr ere avdleble
menum
y a
gwtl Rla cMHkate d auth•mbmlon
M
nphhp sly paylrp agem Mreunar. ,
1NT OQUCED AND AppROVED ON FIRST -,
pV/FI OF VA4
' '
emnsye {dhr Than emaunla d}pwhed tharala
as axrued and cappniked Inlerwll b IM Sand
r•vrr.
IN Tf STIMONY WHEREOF, M• Town
3ECT3DFl tB. AmMd;W Abbe. TM dfkara
d the Tawn hereby re authalzed sn0 drected
READING ANO OROEREO PUBLISHED ONCE
~ F11L1 M410th day d Juh
1999 _
Kad R. Rv.a
, Mayel
T
AT
FuM In eswee d [M amovm rquWd to pay
btrwl an IM bonds [Mn otdeWltlhnp on IM CourcN d tM Town d Vail ha• oavead Ihh
Badb W azerwled whh the lentmee slgnpure b nke all abbn necea/ary « apMapdats to
lf ,
.
(SEAL} :
TES
PameLr A. 6r
J
r^
~
~
neat Intense payment ds1e, IM Town wIH d Me Mapr, arq to M sgwa and .heeled whh e
ecrunte the Provlelane vl IhFS ordlnsnn,
fncludirx{, w7SnoW IlrNefnq the genral d fM TOYIN OF YAI.
~ ~• .. ~' ~ . - Kent A
A Town Cluk ~ -
r
~
-
eracllubbaln~roat W rrrranl desanal sukadta
D Y hr• Irawtndb si I d Md~ Town Cbrk under fdagolrq, the plmldp 0f the Galas (wkkh maY
I ,
we
~ ~ Mayer HERITAGE CASLEYISION
nullYtr d Wnda otrtdentling.
STONED: ncyude chasm en optnbn d bond counad ant
rektlsd cenHicatbn by the Fewn Cbtk}
IM ATTEST: "_.=S,'-:;, ,.
Parrwk A Br ANB
Ndhbq shall pravluda IM Town Irom
nfundlnp rH a • padbd d tM Wrlda d tram {Faafmlk 9lgnmvn)
r Mayer ,
ezawfbndauch canHlcCnnmry reas0rnbfj
~ roquEnd b
IM I
Nh1
h Tawn Clerk ~ A •t
INTRODL1CEq
R ~ FIIANCH SE ADREENENT ... s~
~
zrcyaln9 hs rqM w perm bands pbr b
fFAC81MILE BEAU ~ - y
n
purt
nr IMnd or
bend cwnwL nlntng
Imer see
1v IM el
nirl ,
EAD AND ADOPTED ON
SECOND READING AND ORD ~
TIb
yrwrrwrd b
~
yM
a
~
b
o
~
-
- rlv0udry Irom any ave{hllla source d hMe.
R•demplfan shoes W made upon M Mbr
q rg ATTEST:
iCankeYb 9bruturs] - ,
,
p
p
d tM Wntle, IM kemrn and ken[
hY d tM ERED
PU8LI9HED ONCE !N FULL Mb !st dayd tpe
g 4
and
M
ews
wl
ty
»
7DWH l7F VAS, Ccla/nda, ^Cdorade rrwnkioal
ndlua hY melhp n 1M awrl•y d Iflh Bad a1 hh
lawn CbrN - .. '.. ~
kipm odkbb, tM eWerrw and rxtatsrrce d AYpat 1980.
~ ~
Cupdnbn I~ha Tvxn~ ant CABLEVISIbN VI,
adtlrast a/ 1M aemr epp•pa upon IM ;,
.i,
._a. (adore apading lM a•rrptbnd Ndrwtn tM ~ ~ TOWN OF VAE
~
a
'
'
- INC. Ov3lA HEAITAOE CARL EV1910N
ti G! rpblr•[Nfn haaha. In 1M mennar Md upon tM ,,
CedBtztr d
'-^ ~ hands Item !ed•ral totems laxtllen, the
~ . s-• •..:r. ;
-:.
's >
KrA 0.1Taw
.
:
-
'
~ ('Harhapr'}. ..
ooMAlow Moulded h UIIr 89M Ordlnencs. -
~~ ~ Bp1ed 00trNary d M0D•dY dwcrMlolw, IMdNYvery d Maly
,
•
. • ,.
ATTEST: YAHEREAB, Rla Tawn N auhdhad n pan!
TM Rphlnl w4H not M ulrad n $erlslr
. n9
my Bond durlnp a flelbtl Ineplnnfnp al 1M
ThY b va• d IM BalSds d•saHwd M 1M
h
l ~ WrMe +^d du abarltu d Mgmbn prlWlnp
d thtrmrtad eSebl rM valk d dfr baMS, a ~ , r
panre4 A Brendnwyr .. ~ • :
~
• am d moo nerF+aduehe, - . hp,<nhrR
~ ' b calwlrltd, rapenmecrat, oparmr and mddaM a
openkq d bYalnws fe days M • IM daY d w
h
n.maMFOned BoIW Ordinann. ant Ihh
Sand has 6••n duly rplH«etl an IM such b h amoNenu IrXh M~ fans. and tM
rascdbn d a band
urchur c
M
d
tl •..,, r
lawn CNrk -
:.-.!
" ~~
~ - aad>fa Ubvklon eptaln wlMin the Tawn; and
WHEREAS
Iles Twm hr re
h
d
Vu riWlhp by IM Rplahar oI 4 nelka d dbf
ndrrrdion al Bays and ending r Ih• doer d
rphlrmbn boob kept by iM Yndrsi9^fd w
RpkWp tar •taXl B
d p
o
ra
an
approprlsla aprwmen4 wkh Iwpw to eM
s ~ ~ _• ; Pr6thhad b TM Va! Td
A
- ,
aa
ro
a request
~ for ranawm d 1M atrlstlnp frandltw Irom
.. , y. _ .
badness on IM day d ouch malllnp. d, wkh ear
s, aankw dWYI t
~
dP
0 B
' oar
upuat <. i980
-•- ~ ~
'
EA
' ~
neppd b aPanbukr Bom1, shr tM rrwllnp d
, ,Cd«ada SECTION 2
an
l
n
Alphti and
Wmedb0. Any owwr d arty ow a more d lM ~
'
. ;~.;•t ~ - . r R
9, tM TawrL skr ptmOC Marbps
ant tlw rvalualbn
hom OmemVned Ihm h k b
nnikw o,lsrrp alAfl Scrd la prka ntlprpbn,
lob Band h one d a orbs el bull as Ryb4p
~ bonds nay. abhor m law ar b quibr, by euX, .., ,
tllr Mat Mr•m d dlr Town and A relddenta to
lmprastnrrrf BoMa num4rrM coMralnhNY fly;
rAWkdhad 17spree•nhdlw acllon, mantlamua Or odor apPreprlatr
Peacaadinpa In any eewl of cortpakanl
~"^'•~r' ~~u~ nrww lM lrprdlNed Hanepa
17CW, THEAEFORE
k, eanidaraylon of tl»
hem Fla 17, both lndwln. &turd by the Tpwn
d Ydl, antl maluriirMg en AprH 1
1090
aH d OandA julledkSbn, prdaet Ihs Ibn created by Ihls NOTICE I3 HEREBY 6IYEN Mm Mr Pbnnhp
f
nt ,
mdud promkw ant cavranh eonlalnad
.
,
wfildt ua o! nb dealpndbn, ark whkh ua !n .
A99pNMENT FOR BOND ~ .. ordhann on tM prcea•da d wad saseesrrwma
ant IM IlnrraYa In the BoIW Fund, and may M £ny
rprrrwntal Cemmlnbn d Ihs Tarn d
a
V#H will had an sdminFetrrlve hearlnp b Iluain ale parlbe do mutuely ryes as lolowr;
1.ORANT OF FRANCHISE
IW a repent prlnc{lal arnWM Of 37Be.006.
Sold Bond 6rbs Jr havetl In pa
nwtl far tool FOR YAWS RECENED tree urltlenlpned
hg
b
lk
l euX, anbn, mandamus or dhr approprlme accordance whh Seclbn I9.Be.030 a1 IM AF4rlprbMlaby pramad, s1,0}en to sM
y
Iltpravemanls rcrds kl Ihs Town d VAN, e
y u
, aes
pM and tranafan unto
Me wllhb Sand and Irnvacady preca•dlnpe anforM and compel 1M
padorrruncw d Roy covenant d IM Town d arty Munkipe}Codsd tM TOwnd Vdl en AUpYay Tr
1990 m f0U0 a.m, Jn ¢w Tawn d Vail Mwkpm Hmw and condhleM d thla lranchlaa
apreerrlenL and tM frwtchba ddNrann
ma
Coloreds Booth Crrak Local Empravrmenl
Dlepkt punuaM to ant h arxadanq whh iM kppalnd rtdrneyIn-fad, [o
hanNr tM rathfn Bond on the boob leapt for duty lrryoead llppn 9le Tarn hyEM praMbmd
IhN o141n+nn
d eny adin•rtn Rrdderr or Buliding,
TM hepbq h en appeal d a Mtleb
1 ,
tlgM, pdvlbpe and aufhorky le eanslruM,
Oplnla
malnlAln end rscenafrlaq
bh
Ghedu antl IM Veq Code, IM ard[nann
cr•allnp Ihs DiNllcl, and all laws and reptahatbn tMed, web Iu9 povrr d euWRldion
hlMprsmlaw ,
hanaltar edaplsd canprnlnp the Dlelrkt, n
o
hew a slap wont ddr [homed 3uy t0, 1969J .
a ca
tsbvhl0n syalem whhb Ihs sUeMe, aHaye,
Moaedklge Ihrsunte eneblinp. ,
NOTICE; TM slgntlun to Ihh walgnmrm
~ Irtcartllnp, wRlwut Ilmi1fn91M perrralNy d tM
iorapahp, m• segregaSbn d rwnrrwrrt• Imo On [M CMmer rnksnos krcetad nn Ld 19,
Bbek /, Yep VIIa9 Flnt Fllrq {25$ Miq Creek aeserrlenu er tuch ea+enwnh ae err brood
enough 1a slices the Inal•II•Ilan d cahb
NrnYenl to IM Btry Oldlnarroa.Imemlce to
whkh h matle nr Iunhw dm•Ih
IM pdncl
.l d mum odnwDaM whh the name ae h sppeela
u
on Ah
f
f the Band FYntl. IM Proper appflvallon IMred CIrcM]. APPNIant: E•S. Cheslsa tak.,habn fadlAlae. and pt,Mp wgy+d IM Tawn,
,
p
and Ihs Idpwl an the Bards d IM orbs d p
•
act o
iM wXhln Sond kf avrY
panY:YW
whhod arty afnrrlm
h
i mid tM eppdnlm•m d a retxNr, lire lsllun d
nt ; 71'lYYfl OF VAL
... HpXapr shall provide a modem and unnomr
wfikh TMs Y one ahek M paymee ade#y home ,
w
a
eoevar.
Add+we: any au
owner ao ro Ixooesd shale aul slave
tM T
tre , DEPARTAIEMOF
- Town-wXN table Cwrnzlnkmbru spleen n the
4+A
epecld bM tlwgrusad •Tawn d Vdl Coorado
m
Taa k•dltlutbn NYrrBr d SoddH SacurAy own,
e Council ar eny d 7M Town.
dllwn, a¢enh « rmpioyan d ay n•hlllly I« ~ ~ COMMUNITY DEVpLOPMENF
' . , fhAlehed In TM Val Tral reakfsnta end hmhurlom of Ma Town In
•Rprdenn whh His hanchter agrsenwnL
Boo
Gwk Loves Improvanwnt DLbkL 109$
(fond RNhabwm fund' (rh• Sant Funtl-l Hurt4r{al: ~
St
failure le psdorm pry such dory. No remedy « . .
on AYpwl a, 1990
-
- 4 Thh lrarlddaa M aublect to Ordlnanc• Na
~
" ~
dpnbunp d rtrp,wye ca Xrctrd by rM Town d ,
pnmun OUarMb•d:
~ ~ ~
rephl wnrw.d by Mb erdlnanea b hlwM•d q -
- Y
le. e+rba d Irfen, d du own d Vv MYnicipm
VaH from IM epacl•I arwaelnde iprtn r,
l
t
I
d
~
{Endd Found BoM} M excluaM d any dhrr rranedy dnp M, bd
each such rrnedY o< rlphf b tvrtuladw ant ~ .. _ ,. _ :
~ Code an6 dMr oralnrp provbbrr now In - .
eAad « hpstmdlr meda .k•cIA=s. NoMing b
n
arw
an
panalllw, H anY] to W b
d
drat ant fM a•awaahir
~ prpb d Send In IM
BECTgN fa. D.Ib•ry and Ap
llcmbn d mar W Wnurd wkhad waiting any oMr
Iwm
d
M 1.1..L.1'C w lO+,~
rl1-UJ!! l V alts egn•menl ohaR M tleeenad b waive IM
l
Dhlrbl, b 7M anent prwWRd M 1M SonO
Ordlnerwa; prmld•d then any pne••de from IM p
Procastla. When 7M bents have been doh veld,
za
t
l
d e
y «r
,
SEGTgN 21. Taz Covenants. lh. Town kl
TM ratgvly meeting d Ma Local Lloeming rplr
rarrlanle r She varfow eee•• and
and€n•non d tM Tam reprdlrp Armes, Iwo
sett d the BoMS, 0thr than aYeh plourda
da
ak
d In M
B
d F
d
W .
a
r
y
and IM Town oboes dellvr
tM hontle to chi lawluf purehnar IMr•d an
~ caename f« the 6erwfh d 1M ewn.rs d tM
borys then k•dll oat lab anyaotbn wkh nsp.d Autf.rrhy 1« des Town d Vell wR W held Frs tM
CoUnciF Chembue d the Vall Munkl al m W pmd, dmannr d mrnlrucllan.
C. Fd [M purpeee of aparellnq and
p
e
s
on
un
to
wad a pay
Tonnes on the Bonds, nmA{nlnp altre the la0slpt or IM pvtchna alts, TM replmfal shoo
InXlakyr repield 1M Mrtds M tM serer d 7M fo IM bond., IM precaeda IMrwL eny eth.r
funds d [M To
n
r
Ndb
l Bdlalnp, Td South Faae¢e Road Weal Vail, Inalntalnirp ^ cabN tatevblan aptem In [M
T
H
rho
piymoM d el tln vvah and ezPnsw d makklp
tM focal Nryrow
.
l
nrol W d
d k
h
IM
prMaer, of b fM narrrs• d aunt IreMlarew w
, or any
e
e i
rlatlnd whh
tM placssde d the Wnea a aunt adbn er Colorado on Wetlnndey, August 9, 1$89 al
Togo a.m. 7M agenda, to W eel IM meminp d own,
rings may •ren. fnelae. conawud,
repent. repbcs, raconsHUtt. antl relakr war.
m
n
r e
rpw
r
e
Bond Fund sod eha9 ba uaW for bontl r tM purchesr may dwlgnala fn vnXlnq ar
wrklnps teekfaclory to 1M le
hl
r errY.abn would fry caws Ihr Tenant an tM
Derys t
kaeM
d
b
I
i
l tM hsrldnp, wAl InCktds tM raltvM++9: under, or upon the publb afnan, rvadahls
w
•
m
tb
d
laderrptipn. The Sontl FuM b lnaocably and , of any
p
n
combbetlen Shenol as tllreclatl by the o
w
ua
n
rom Aron
mm~w
p
ledard Irv:orlw lax purpoaw under Serlbrr 193 1. Caneklermivn d eM matliikatbn of
Mrnhw for Larlceiol
Inc
tlb0. 1M L
l a
me
s, a
ys an
ways whhln tM Town,
duds
eorrdude
+~ vine' ~e'~ ~'~0n
rxdueMe#y pledpad for the WII And prolryt
d
A
pulCflaeer, Tha procaads of the Mnde
of Ihs Intdnal Aswnue Coda at 1988. w .
„
alzra
d
Rwnurera. .
.
=
vauha, manholes. amplllnn, .ppllancu
PaYlrrem
a
1M Benda. X IMn la a dNklslay
b IM Bond Fund to mwl tM peymem d IM
{aedlMl+tg aoauad Imenm) shell W dapoaXrd
Imo IM 'Tarn el Van, Coorado Boalh Creek
aurlended ftM •7sz 1:ode•1, 117 4uw Imereel on
tM Goods to bee He excltalan from akernmiw
2. Cenelderdbn d the idknwnq~krRa ter ,
pedemab, allachmenn, and abet DroP~Y and
squlprrwm n are nemeeary and appurtenant to
ountnndlnp Bonds ary hlerosl due IMrson, FM
ddichncy shall M gold eu1 0l any moneys Local Inlwovemerd (1tetAa Conattudbn W rya
EM •C IrYnlmum faaebb hcome w deylned h 8edbn Cae~de L^a9• HdaVldaneflek Jdnt'Ytttnur0.
Lld
dW
h We n9rermlan d the ubb lelevhlon ayebm In
rvahnble ehereld In the sulplYl amt drlldrnry {
Onsleudlon FuIW} whk:h N hreby
crrahd
and
l
d
kY
d esfbH21 d Ihr Tax Code eanM b IM extent
h f
h .,
,I
s Wwlln Hdelm Val,;
a Mana
er R
l
f
b
L
a A ponlnrmenn wlh fM Town's eprdlkmlona,
furM cnuetl puravanl to Seclbn 10.8 d lha
' ,
epp
e
ao
y b
ehay the coals
^M exPanew d maNlnp Ihs lrrprovememe ouc
ntnast
required fo W Included In IM
ad~wted nr book Inoortw eIM ad~wted rarrrent g
eg
e
rm
n -
aur
mes.
fx MadNkalbn d prem{en - Prior to any ca nstrvdbn d ahrmbn, however,
HergaHe shW tlb Plane whh the eppropr{ale
Tam
s Chant. Whanaver thaw=fwdM d lM
Bonds haw bwn gene and cancalfed and Im pncludhp lnckfrdd expenses end cola related wdnq• ad}re[rrwnts apolcade to e«pantbn• 7~ PUeuc HEARING - Comkermbn d an Town agsncbe and ulllhy c0mganhs Rnd
wV nrdan IM nmRldnp wawsrroms re not to the bauanca d Ihs Wntle}, All moneys
racNVSd as avcrusd Intereel and capXalrzed YryM Seclbn e6 d the Taz Cads In Calwtalfng
rpaale ahunmNe minimum lax•bb Income eppllcatlen for a Spedel Erenla Permlr,
Ma{I/VlndtlelSpAMwua Bwerege•, by tM Wafd reoelve wrban apPrwal Wlvn proceed!
D, flP^n race4td any rldloe to t3~sa Nevi tfyy
pall {n Clow to lets up IM remehlrp Bonds and
Hkkd
h ~ e
b
I InteMl ahas W depahad tt11o 1ha Bury Fund b .
{III} eub$an Ihr Tarn ro eny p•n•kla gneNr Wya Caurch of Dotl, ro 6. held al fha' Herllage Is nqulred b comply MM bwa or
v
mm
ln [hr eurDiw ud aafkl
^I' Hey fund, tMn
Ih
T
hml aPdY le Ihs paYnlerz d a ponbn d Ihs Ider.m
des en tM Wade througA ApNI 1, 1$Sb. Alt Abe 118 d the Tax Cod0. d (lei cauw
fmpwl on IM WMa n boa la wdvabn hom ~~'nXY Room d tM Vee Ptdalb Library, 2$2
Wem Meadow iMVe. Val, Cd«•do on TYeeday, repulaltorw IrroaMleled vdlh tW Mahbrw d
Mb hentlrke, « t4an a dmrm'nmbn that any
s
awn e
prey tM Bmde when tlue and IM
}nlerrsl Thereon
d
l
b nwnaya recelvsd a hvwlrren! klratrw on IM Cdorada lsaebla IneorM or Colorado ~~ 17, 1989 horn 6:00 p.ln tv 12A0 prwlebn Mred h' fd arty rwaon imalkl, 7M
an
n
m
ure• Illek 6Y
cattacunp the urpay wsasamwh due IM SOrNI Fund en•a be rdalMtl M Ihs Bona FYnd. akarnalNa minlmrm ta;abn IaMma under mknyy Town shale haw. fM rlgM b rrntlny a amend
~I~' Ad mertsys'rac•wed p Mrwlmre Illearrw «r Mwml Cdonda bw, Tha rwepaing cevMam 1• Cowldrlmbn d a nwtapr rapNtnakrn id
S soy tbylen a aectfdn d thh harrchhs to such
AM aewem•nh eMl M a Ilan b the wYelm MK .. oath baMe s11ea Bahr po wash
I
B shalt nmaln In full fwn antl alhn
notwhhalandrn
M tart Phra SIlew, Ina, tlba. Rocky IT•wpt'e
PM51yb Phu-Tr
Matthk naeonebl• axtam w msY W neoawry tv arty
l
M
arruunte aaewaed from IM ah•b4• dme d IM
y r
PaY
n sw Nldtlsm.l mme w b
WY pdnclpd d or knrem an IM Mnde n tM p
e Payment In full of
dersaearwr d Ins bade until tM date on w111d1 ry
r.
A Nalkmbn d r.oem ranawms: Ov
I
lug Hem elld purpose d fhk Irerldilaa.
2. REPRESENTATIONS AhlO WARRANfI£9 '
- wswemen
ardlrtMa la M sd•pt•d by 1M
Town upon complsflon 01 Ih
t
l Tq~ pe1N,ry,r. pre prmhasr d IM Ganda td oMgmbw d tM Town In lukhing klla a0ovr a• Ulawmu, inc., dWU Lary Liquere, lAd, pf HERITAGE
r
oea
kyrawrMta h IM pelrkL TM pan la cunt shall !n rlo rnaarlst h• r•apomule 1w tM
appuonlion by IM Town d •aY d ks alfloan, d ~'~ wMr eM Tea Cotls area llobrado law
haw barn met- b• Skelon4 yrM., dluL Nblce. ~
c 1. 0a Buckley. dUR,1M 7dlno Rwtwxanf A. HrXape [eproaeda end warnnh ihm k
ahd compy whh all pralalars d IM yrantl,tee:
. M/•asmwta atoll be prbr and elrprdw 1e aN
dhp Ilona racpf gsnpal lu Ibns, other
l W any d tM IYrds Nrhwd from lM cola tlrarsd.
8EC7gN lee, L.vy d Asewamenh. lha SEC7pN 22- Dwlpnmlorl p Oddpied Taa-
Exentat Odlpmlon. TM Toren hpolydwlpnmw and Bar.
9. Hdybatlon d recwn lrtdderlt report., ~ 8. Harhalh teprwenla and werranta 1hM
nahhr a rr« b nMwrllmHw p ap•nh have
itld tlswslibn
na, and DweVbh other New
Inpded Gy tM Scene d Cakvatlo d M pdAb•1 Tam sha11 uvaa IM aeawarlwrlh b W brlsd inr bonds a. a rpulHbd 1aa~rerryr adlpallon
l 7. MY oMr mrlan Ma 8oen wbMe n
d~a oammhtb any IMOd area r •npeged fn ply
subdMabm er by its UniW 81mw d Amwka and cclected ee fxoryd try Isom for 1M tfer,efk
d IM
k u pulpoew d AW bn 9eeN1f0116} d hrr Tax
C
d • -
TOW wrorlpld I'aryrX.l conttary te, a h vfdatlon d
r arty agency ar ha11wINMNXy 1Mfad. k+ 1M
d ng
l•rad ownsn d Illy bontl., TM lawn
Mraby CewMpde for IM WnNH d aech avnN e
0.
SECTgN 2J. Alilrldtlled d BuppMllwrA d - -.
N OF YAE
~ ~ LOCAf. LgUOR pry IbrM, slats or local law w ngufafbn In
eennarlldn wren 1M admnl d MN lrarchW
~
Bai1
DrdlnMa, IM Tawn eevaams b levy
and ndf•d wewemenn apdwt ap aaewsabb
d 9r• Mnde Ifw tM aoan d Ifr• krprowmenh
014banw. This ordYluwe may W amended ar
LICENSpJfX AU7HORiTY ;
G 11•reapa rapewda a
rtd wanann Ihm A N
Perrwb d pmpwty h Vlr fPefrN and b dlsp•mly M anwude wHklr+L FoprMr wlh any extea
h
ed aepplamenled by en rdnslri d ordlnancrs
k
d 4
M .. .. PartrLL A. Brarfdrrwysr
Sr[tala
b V
A a corporation tlCenead b de 6ulln•ea In
•nblp nla Isrt d Vfr aeeewlllMq p•IIMI the o
prooartls as Drovkad M eed#an 10
fwrad, n MwXN fd paymem d lfre 6arrtla end p
pe
Y 1
Town Councl h •ceordarln whh
do ChaY1p antl 1M Val CaOa with d wkWVl IM ry
r•
ulterlry
~ - ~PW4fnd b TM V V TraA
.ant hom fWl dgM rra avM«hy to rrdN
M'aP~dYaubfe4 Mareta.
k b h•1s6y oMlped
ncAad and deeWad pad kllanal fhrrm, shoes M appoRbwd, bNed rrcdp! by the Town of any addlRenal an 111gl1et/, 1999 ffleeD. Fiabrha0e rywewme ant warrarxR oaf a1
.
IM Mbcpd ampYnl d IM Bonds dwa red and •wwe.tl apahrat fM wsw/sWa pRrcela h
dra DNhkL N axddanea whh 1M Chant and eeneyrralkvL wkA Me rrRtan corfean[ d 7M
awrlrs d T6 prwd d 1M 6an0a autllerizatl by
~
~ oorpormr amen r
r
f
g
l
r
aanad !M smvlml aulharl;rd by law ie to
Y•rted. h N Mrrby oho adybd
racked and
tM VeA Cads. W efdlnana to W MlaaMr
Mb ordlnslfce and vutmarylrq al dfa Wes d nra .
~ ~f, ~1,~1 AA ~1 a~/~f •• -.., . o
Ora h
mrclth•
aM eseallon
ind
tlN€wry d 7hL aprwrtwnl an6 ail et Mr
,
dacbred dleX ql. Mocartllnpe lakam name w
M
h •daMag, FunMr, drs Town aovwnrnlr then wM adopbn d eltek arrwrdanry d elppledwntM -. r~/ylly 1 V~Eky~i ~ dowmema q M atawlad andlp daXwnd h
y
t0 k1uM9 H
r
g
^a ~ Mewamrde adl Wu htarwl ar a Imr whkfi b
r ~1 qua N IM
hw1 nya d lmereu aR ordbanp, Provkad, however, thr ale aunt
r>nMnplw chat have fM sped d Dam+lkM~ -
~ ~ - ~
i
1! a~.F
N o1
~ ah
i~
M
n
M
r
loch ~
ma haw b•e
rl
q Y
1W
M6
d l
M o ~
tlla boob antl payehl• n oln paymsm a h Nrr
fb an amarnlon d the mmRky d arty bond .a
i{
Sar
1$
AN ORDINANCE ORANTINt
I A CABLE al
d
n
r
Pe
Orwrrcr 6y
HrkaOa tl ale o!
M otdgdkxw under tW fi
,~
kn
a
t
drplblzls wkh tact, Mat al
r
tk
annva! fnmeArrwda d Mkfepm pt Hrdr 1 d
pRharFwd Dry MM rdlnann +rknaed kla wrXten .
IELEYISION FRANCHISE TO HERITADE anchba, and W •ucll
dhr documanll to W raseund andfor
pMdmrd, end Mhal
i9
icr;, oondhlam and atltll Yap "' - m Muth 1, !9910, wNR
AArwl on fM urpald Mine>pd baXmee d rM n«repddtM Ownrd[M MM;d
(4) a rW Vdbn it IM pdrlepy mrrounl d pry CABLEV1810N Sp COHBFRi}CT, daBnred by Harllepr haw Man rayldh sad
d
Mkrpe euwlhl p rM vafklry d alb Bond rlkL
Arvr hel:pwsd and haw Wan dent In tlw
nNaafend, paYaab anmrath an Maroh 1 d
band or p+• rma d htana IMrson wkMd tM RECONSTAUCT, OPERATE AND /AAMTAIN A
CABLE GOMMUNICATION9 SYSTEM WITHSI oh abed on pfd an in teas and dfed;
£. FiwXapa nprwMh and wands thq IM
dnla, tortrl and rrten~wrevuYatl by taw
S To~ ~ eemnendltq March 1. TODD. TM
aby oovsrwlu n va ha ham aff«h b rnpten coneddlM wwwrd pre baM;d
{c) Ale crembn d a Ibn egan d l pbdpa d THE TOWN OF VAIL PURSUANT TO ANp ltptrhha and al etMr dxurrwnN asecvled
TM
onde w net a d•61 d tM Town •rrtl ,
Me Town b rrekMr Ibbb Ihrreon
nr hr A
kwufe That ouch uwanwrae era arRW Y anon
MODenY. revsrxres d hnda, ranWnp prbr le ffre BVSJECT TO THE PROVISIONS pF
ORDINANCE NO. te, SERIES OF 19eq. ~ anNd tleerpad by Harhapr haw bean duly
awaepted ant aaacd•d;
,
pbdpW le foes lakh auynadX 1«MNr plymra,
n«w IM Bolab pa
ada ad q
f
d ~ pMebta la7en sYWtarsW oopvlalbn d tIM
kronvarnuvs and b tlllpedly .+Idu Me Hen AeM r pledaw paMad by Mb ordlrwlea; d
Ml a readdunbn d tM pmrcbal anzald d NOW, THEREFORE. BE rt OADASNED BY
7TTE TOWN COt1NCH
OF THE TOWN OF VAIL F. Nrhapr rgneema and w•mtnq that h
bra dvMUl
o
d
M
•nlr
url
e altar
Y
Man eptlm rswemeda and dhr amouMa
d Ihr rawerrwrw r9WUt IM proPr1Y aub}•ce
Mr
l
bonds regtrked for oaneara d •ude arrwMMdy .
,
COLORAflO: h r
a
l
Irma ant eentlXbrra d
Ihs fnnchlw .red aotnph its obligulona
pbdgatl n rlrr PaYmam hared r harelT elmad.
The fsayntem d Mw Bonds k real asctNad b an
Y pe
a
BECFION 10. Mawampll Rwantrw. AH d r .. ~ d ddiwler.
BECTgN >M. Radlkrllpn, AH etll0n fad SECTgN 1,
Punuanl eo DMlnanq No. 18
Serbs d krpwad by tM trrtw and colydhbns e1 Mr
fmchiu
rncumbnne0. morlgege
o
r
dhr Madpa d rrraaeYa ranN.d ram aueA usawrr.nt.,
kldudbp klrem and nrly penaAlw 1Mrg1 Illnwberrk wNh the Mwklens of Ihla
ardlnarlw} hrwefare 1aJan by IM T
tM .
1990. Ihr InneRlu agrwmatl W1wwn 1M 7. EFFECTIVE DATE OF FRANCHISE;
ts Tawn
a
p
l
nPr
aa yy M
~
d
~
wl
A
(r.wp W Ihr aatam mat aunt rnen•y. w own.
CauncB \nd eM ahbra d Mr Tawrt
dkedM Tawn of Valli, Colorado and HrNaga EFFECT UPON EMISTIIJD FIL1NC1lI5E
a
a
a
la
li
nrrd o
I
b~d ~ IA>I•et to Bald
Iknda. lQp property d tM Toww, a
paYad• b the Town N ^ nh'6urerwnt
unve
f t
B
l .
tawartl tM ceaaltan of !A• Dlahkl, IM
' Cab1•vYkn, anablrsd Mrato u EvhdR A, and
moat a pert Mreol 6y rrferann
Is Mreby A. Herllnpa chat haw Miry (701 days hom
its tlma d atlapfbn d His orarr.no. io am
[
r~
aawplbn, ekaN M Rabb ro W binlNd wt+Aw p
n
o
•d
en f t Mrrd}, shah Ira
depwhad kka ale Sond Fund .red ray rfwrrys censlrudbrr •rW
awnr
.acgvhkbn d IM
M ,
adherl;ad and eaprovatl, and Ihr Town p
IM pnvlt d a lranchlu by sxscnlnp Ihs
h payrwd d m• Rohe,
The Tawn hn dw19nmW the BonM d tlw ,
Maq wY
red wFh dMr mo"~ d+pwkad Me tfra
Bo Fund pur/uRnt b 1M prevhlona d Ihb rarahR Mrrr•Y ant Netwra• d
tlla 4arL, arp Hla yM'Y d+wwarn.nte far tlurl Manage b hreby wlhdi;ed and directed q
rsattna oak lranchia apre•rrm an behrp d hanmb• agreement. Sue:h ans•dtanee 6y
HarRape •n•II W dwrtwd the prang d Iola
' aarl•s of wpkh Ihh b one as a Yalglad lax.
q
ttrdinanp, she}} M rred for the
DurPaae d purpa•e, h"+EY Y reeYl•d, apgovrd and
ea
dh
la
d tfw Two hanchba br d purnosea and kmledbt
NI"'o^^
exarrq aWpmbn punuam lp Sra6rr28ei41 f7J
[B~~ internal ilwanw Cade of 1989. w payAlp tM
pd++cfWl d and hnrwt an an barfea
and br ne alMr Wrpver whmeowr
and r r
l
•
.
SECTION 26... •M+pamMkle. AMr SECTgN 2. ~ ~
K an/ pen, sablon. aWeeabn, wmrnn, dra uNrp an•b d Ihb IranMtw apraar*rm. lyy
Drlor lnnehis. prwtW fo Hwllaps w their
b ,
+~'AY l
uch paywwnl 1M Sond FurA Y tM bard. Mrw theses iaread. ihle . .
eh.l eelulbAaw
d dauw d phase d Ihh Ordlnsna b la any . « In adrem on SeMenhar 7, lOT1 D
~
Th
Bond N tally han•ian6h by Ma
npklpw owner Mraol lrt prawn pr by hh duly a~
w ~ ~~•
C710N iT
8
d
R ..
ry Tawn pId
Mlarwlrsr r''rnrwof111.borlda Ny ah•AAw noon held le W fmvaly. such detlsbn ahal red
aKSd tM Wklky d 1M rrro7nlrp ponknad Ihh tM payge d Ordlnanc• Ne 11 iMlt 4
a~ . • . p,a nrre no tunMr Ian and .aw;
authod;ed mtomay en 1M Iplmrmbn Inphe d ,
a
te antl
rodrde. ~i
w
ay d 1M Oellda+lalllakl dmtargklp
Wr IeldeanYln lrAH'Mra 6oMs,wnd Nla
Hy!
- W
1 gdnana; and IM Town CovnW hereby Prwrk•d howrvr, rooted Hghta rMminp to
, ..
~ ~
r
dY dseYlat X rook hara pasard Mb Drtllnarws See fAeJC1 page