Loading...
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 ~ '