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HomeMy WebLinkAbout2001-03 Expressing the Intent of the Town of Vail to enter into a Tax-Exempt Obligation to Finance Donovan Park PavilionRESOLUTION N0.3, SERIES OF 200 A RESOLUTION EXPRESSING THE INTENT OF THE TOWN OF VAIL TO ENTER INTO A TAX_EXEMPT OBLIGATION IN THE APPROXIMATE AGGREGATE PRINCIPAL AMOUNT OF $3,500,000 TO FINANCE DONOVAN PARK PAVILION; AND AUTHORIZING THE OFFICERS, EMPLOYEES AND AGENTS OF THE TOWN TO PROCEED AND CONTINUE WITH STEPS PRELIMINARY TO THE EXECUTION AND DELIVERY OF SUCH LEASE. WHEREAS, the Town of Vail (the "Town"}, is a municipal corporation duly organized and existing as a home-rule municipality under Article XX of the State Constitution (the "Constitution"} and laws of the State of Colorado; and WHEREAS, the members of the Town Council of the Tawn (the "Council"} have been duly elected and qualified; and WHEREAS, the Town intends and proposes to issue atax-exempt obligation (the Obligation"} to finance the acquisition of a community center at Donovan Park (the Projec#"). NOW, THEREFORE, BE IT RESOLVED BY THE TOWN COUNCIL OF THE TOWN OF VAIL, IN THE COUNTY OF EAGLE, STATE OF COLORADO: Section 1. All action (not inconsistent with the provisions of this resolution} heretofore taken by the Town Council and the officers, employees and agents of the Town directed toward the Lease is hereby ratified, approved and confirmed. Section 2. The Town intends to issue the Obligation in the approximate aggregate principal amount of $3,500,000 to pay the costs of the Project, including the reimbursement of certain costs incurred by the Town prior to the execu#ion and delivery of the Obligation, upon terms acceptable to the Town, as authorized in an ordinance or resolution to be hereafter adopted and to take all further action which is necessary or desirable in connection #herewith. Section 3. The officers, employees and agents of the Town shall take all action necessary or reasonably required to carry out, give effect to and consummate the transactions contemplated hereby and shall take all action necessary or desirable to finance the Project and to otherwise carry out the transactions contemplated by this resolution. Section 4. The officers and employees of the -Town are hereby authorized and directed to take all action necessary or appropriate to effectuate the provisions of this resolution. i • • Section 5. If any section, paragraph, clause or provision of this resolution shall for any reason be held invalid or unenforceable, the invalidity or unenforceability of such section, paragraph, clause or provision shall not affect any of the remaining provisions of this resolution. Section 6. A!I acts, orders and resolutions of the Council, and parts thereof, inconsistent with this resolution be, and the same hereby are, repealed to the extent only of such inconsistency. This repealer shall not be construed to revive any act, order or resolution, or part thereof, heretofiore repealed. Section 7. This resolution steal! be in full force and effect upon its passage and approval. PASSED AND ADOPTED this August 7, 20Q1. l Jam, `,~ cI~,1~SEAL Ludwig Kurz, M~ior SEAL) ~,,~` n~.~;,~i;. Attest: ~~~,~„~~~~~}~~~~ , Lo~r~le' Donaldson, Town Clerk n o' w D o~ o ~. o Q Q O 7 a o a oQ C (D o ~ N O O fl c a m N' a ~N o o m A S a 7 0 m cD n u; 0 p Z m y n Q o o ~ c m m~d o o ti o Z rn O n O Q 0 m x z O O m N Q N ~ w cD n 0 X Q a a o m o Q a a N r~O m O v,r~Q D Q Q.Q K c c~ O T o G Q O D O O a D.y~~ Q o o'm r 0 ZQy a m o o i O 0 D D 7 6 X Q O i I.~,O ~n N Q iD O w, Q U' m Q r- m O O O Q.m p O Q p 3 p M _ -~-.-- ,~-- -_~___._.._..------ - - 3~ ~ . ~~ g ~ ~ ~ ~ g ~ ~~g~R a ~ ~. g R a s+e 1~we iws i~ N ~aNd.'+Nelwt ids r~liN~nsok~+~~enUm . lt eny a~lbn. , : ; : ph;'d6voa oi~. ~ _~ ., d INs raeah~x efial br, ntae4n pe heltl' k~- w~d w ~xomwre nre tlceebatyot:.v~+.eodo~ l~ prcwsion eha~ not o~ m.ot rematrinq . al e~ie reeoN~arc IYi~acts~ordwa a1-ctr~o>~cne of the_oauir cp and pw IF~rad. oaix v+Mh uua rasa' loan be,' and the same da.iy ere, reaealad m,_ sna ems. only of'a,en ltde ~ r~eso~WHon~, «{~`ihe~ e" a vim. EGTION.~'. , ,. ; '. THs seeoUil~on'ett~.ds fi tu1 tome raxE el- 1x4~~an ib pa~tpe and PMSBED ~-A~..,r ~.71h.duy o! A~ ywl,•x001: , 1T~ OF VAIN Wd tbrpC~el~' j...r, ,