HomeMy WebLinkAbout1981-30 Approving and Ratifying the Note Purchase Agreement for the Town of Vail Construction Loan Refunding Notes, Series November 1, 1981RESOLUTION #3O
Series of 1981)
A RE5OLUTION APPROVING AND RATIFYING THE i~lOTE
PURCHASE AGREEMENT FOR 7HE TOWN OF VAIL, COLORADO,
CONSTRUCTION LOAN REFUNDING NOTES, SERIES NOVEMBER
1, 1981, DATED NOVEMBER 1, 1981, IN THE AGGREGATE
PRINCIPAL AMOUNT OF $7,000,000.
WHEREAS, pursuant to Ordinance No. 32, Series of 1981 (the
Ordinance), the Town Manager was authorized and directed to
negotiate a Nate Purchase Agreement with Boettcher & Company,
Denver, Colorado (the Note Purchase Agreement), for the Town of
Vail, Colorado, Construction Loan Refunding Notes, Series November
1, 1981, dated November 1, 1981, in the aggregate principal amount
of $7,000,000. (the Notes), at a net effective interest rate and with
prior redemption premiums not exceeding those set forth in the
Ordinance; and
WHEREAS, the Town Manager has so negotiated and executed the
Note Purchase Agreement; and
WHEREAS, the provisions of the Ordinance require that the
Note Purchase Agreement be approved and ratified by the Town
Council by resolution duly adopted at a regular or special meeting
thereof.
BE IT RESOLVED SY THE TOWN COUNCIL OF THE TOWN OF VAIL, COLORADO,
that the Note Purchase Agreement for the Notes, a copy of which is attached
hereto, is hereby approved, and all action taken by the Town Manager with
respect thereto is hereby ratified.
INTRODUCED, PASSED, ADOPTED, ENACTED, AND APPROVED THIS 3rd DAY
OF NOVEMBER, 1981.
lr ,-1s ~ .1
TOWN)
SEAL) ~ ~,
ATTEST:
r~; ,
y
Town Clerk
TOWN OF VAIL, COLORADO
Mayor ~ '