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HomeMy WebLinkAbout1977-03 Calling Secial Bond Election Submitting Two Questions of Issuing General Obligation BondsNOTICE OF SPECIAL BOND ELECTION TOWN OF VAIL, COLORADO March 29, 1977 NOTICE IS HEREBY GIVEN that at a Special Bond Election to be held at the Vail Municipal Building, Vail, Colorado, on Tuesday, the 29th day of March, 1977, between the hours of 7:00 a.m. and 7:00 p.m,, there will be submitted to the registered qualified electors of the Town of Vail the following questions: 1. Open Space Acquisition Bonds, Question Submitted: Shall the Town of Vail, Colorado, be authorized to issue its negotiable, interest bearing general obligation bonds in one series or more in an aggregate principal amount not to exceed $450,000, or so much thereof as may be necessary, for the purpose of defraying, in whole or in part, the cast of acquiring two parcels of real propVa~~y,ii~a~~e ~e~~F~~i~~elyastheKatsospropertyandLot10, t Vbe u e a op n ~3ace and/or recreation and park land, together with all necessary incidental and appurtenant properties and facilities, and the costs incidental thereto, such bonds to bear interest at a maximum net effective interest rate not exceeding 10 percent per annum, and to mature serially during a period of not more than 30 years from the date or respective dates of the bonds, such bonds to be payable from general ad valorem taxes and other funds legally available therefor, and such bands to be sold and issued at one time or from time to time, in such manner and amounts and upon such terms and conditions as the Town Council may later determine, including provisions for the redemption of bonds prior to maturity upon payment of a premium not exceeding 3 percent of the principal thereof?" 2, Ice skating Arena/Multi-purpose Facility Bonds, Question Submitted: Sha13. the Town of Vail, Colorado, be authorized to issue its negotiable, interest bearing general obligation bonds in ane series or more in an aggregate principal amount not to exceed $2,500,000, or so much thereof as may be necessary, for the purpose of defraying, in whole or in part, the cost of acquiring, constructing, installing and equipping an enclosed ice skating arena and multi-purpose facility suitable for conventions, concerts, exhibitions and trade shows, together with all necessary incidental and appurtenant properties, structures and facilities, and the costs inci- dental thereto, such bonds to bear interest at a maximum net effective interest rate not exceeding 10 percent per annum, and to mature serially during a period of not more than 30 years from the date ar respective dates of the bonds, such bonds to be payable from general ad valorem taxes and ather funds legally available therefor, and such bonds to be sold and issued at one time or from time to time, in such manner and amounts and upon such terms and conditions as the Town Council may later determine, including provisions for the redemption of bonds prior to maturity upon payment of a premium not exceeding 3 percent of the principal thereof?" 8- 1 Those persons who are citizens of the United States, eighteen 18} years of age or older, who have been residents of the State n£ Colorado for 32 days next preceding the election and residents of the Town of Vail, Colorado, for 32 days next preceding the election and who have been duly registered shall be entitled to vote at said Special Bond Election. Those electors who are otherwise fully qualified to vote on said questions at said Special Bond Election, but who shall be absent from the Town of Vail, Colorado, on the day of said election, or who by reason of their work or the nature of their employment are likely to be absent and fear that they will be absent from the Town on the day of said election, or who because of serious illness or physical disability, or who for reasons based upon the doctrines of an established religion shall be unable to attend the polls, may apply in writing at the office of the Town Clerk of Vail, Colorado, at the Vail Municipal Building, Vail, Colorado, for absent voter ballots at any time during regular business hours on or before Friday, March 25, 1977. There will be only one election precinct for said Special Bond Election, the boundaries of which sha11 be the same as those of the Town and the polling place for which sha11 be the Vail Municipal Building, Vail, Colorado. The absent voter polling place shall also be the Vail Municipal Building. g~ The votes cast shall be recorded on paper ballots and said election shall be held and conducted, the returns thereof canvassed, and the results thereof declared, in the manner prescribed by law for municipal. elections. IN WITNESS WHEREOF', The Town Council has caused this Notice to be given. s/Rosalie Jeffrey Town Clerk Town of Vail, Colorado TOwN} SEAL) Publish in: The Vail Trail Publish on: March 11 and 1$, 19'7'7 10- Section 10. Ballots to be used in voting upon the questions to be submitted at said Special Bond Election shall be prepared and furnished by the Town Clerk to the judges of election, to be by them furnished to the registered qualified electors. Said ballots shall be in substantially the following form: 11- No. STUB No, DUPLICATE STUB OFFICIAL BALLOT TOWN OF VAIL STATE OF COLORADO SPECIAL BOND ELECTION MARCH 29, 1977 Each elector desirous of voting FOR or AGAINST any of the following questions shall designate his or her choice with respect thereto by placing a cross [x] in the square opposite the word or words expressing such choice.) 1. OPEN SPACE ACQUISITION BONDS, QUESTION SUBMITTED: Shall the Town of Vail, Colorado, be authorized to issue its negotiable, interest bearing general obligation bonds in one series or more in an aggregate principal amount not to exceed $450,000, or so much thereof as may be necessary, for the purpose of defraying, in whale or in part, the cost of acquiring two parcels of real pro Px y now res o ~vely as the Katsos property and Lot 10,~a$~ b'~ 1$~e~s~d~~~~~i space and/or recreation and park land, together with all necessary incidental and appurtenant properties and facilities, and the costs incidental thereto, such bonds to bear interest at a maximum net effective interest rate not exceeding 10 percent per annum, and to mature serially during a period of not more than 30 years from the date or respective dates of the bonds, such bonds to be payable from general ad valorem taxes and other funds legally available therefor, and such bonds to be sold and issued at one time or from time to time, in such manner and amounts and upon such terms and conditions as the Town Council may later determine, including provisions for the redemption of bonds prior to maturity upon payment of a premium not exceeding 3 percent of the principal thereof?" FOR THE BONDS AGAINST THE BONDS 2. ICE SKATING ARENA/MULTI-PURPOSE FACTLTTX BONDS, QUESTION SUBMITTED: Shall the Town of Vail, Colorado, be authorized to issue its negotiable, interest bearing general obligation bonds in one series or more in an aggregate principal amount not to exceed $2,500,000, or so much thereof as may be necessary, for the purpose of defraying, in whole or in part, the cast o£ acquiring, constructing, installing and equipping an enclosed ice skating arena and multi-purpose facility suitable for conventions, concerts, exhibitions and trade shows, together with all necessary incidental and appurtenant 12-~ properties, structures and facilities, and the costs inci- dental thereto, such bonds to bear interest at a maximum net effective interest rate not exceeding 10 percent per annum, and to mature serially during a period of not more than 30 years from the date or respective dates of the bonds, such bonds to be payable from general ad valorem taxes and other funds legally available therefor, and such bonds to be sold and issued at one time or from time to time, in such manner and amounts and upon such terms and conditions as the Town Council may later determine, including provisions for the redemption of bonds prior to maturity upon payment of a premium not exceeding 3 percent of the principal thereof?" FOR THB BONDS AGAINST THE BONDS End of front of Ballot) 13- To be endorsed on back of Ballot) LJ OFFICIAL BALLOT FOR SPECIAL BOND ELECTION HELD IN THE TOWN OF VAIL, COLORADO, ON MARCH 29, 1977. Facsimile Signature) Town Clerk Town of Vail, Colorado 14 -- Section 11. The votes cast at the said Special Bond Election shall be canvassed, the returns thereof made, and the results thereof declared in the manner provided by law for the canvass, return and declaration o~ the result of votes cast at regular municipal elections for the Town. Section 12. If a majority of all the votes cast on any question set forth hereinbefore to be submitted at said election shall be in favor of issuing the bonds for the purposes stated in said question, it shall then be lawful for the Town Council to authorize the proper officers of the Town to proceed to issue the negotiable coupon general obligation bonds of the Town, in accordance with the proposal so approved at the election. The authority to issue any or all of the bonds designated in the bond questions, if conferred at the election by the registered qualified electors authorized to vote thereon, shall be deemed and considered a continuing authority to issue and deliver the bonds so authorized at one time, or from time to time, and neither the partial exercise of the authority so conferred, nor any lapse of time, shall be considered as exhausting or limiting the full authority so conferred by the electors voting in favor of said bond question. Section I3. All actions, not inconsistent with the provisions of this Resolution, heretofore taken by the officers of the Town, whether elected or appointed, directed toward holding the Special Bond Election for the purpose of authorizing the issuance of general obligation bonds of the Town for the purposes designated above in the bond questions, are hereby ratified, approved and confirmed. Section 14. All resolutions, or parts thereof, in conflict with this resolution are hereby repealed, except that this repealer shall not be construed to revive any resolution, or part thereof, heretofore repealed. Section 15. If any section, paragraph, clause ar provision of this Resolution shall for any reason be held to be invalid or unenforceable, the invalidity or unenforceability of such section, paragraph, clause or provision shall not affect any of the remaining sections, paragraphs, clauses or provisions of this Resolution. 15- G Section 16. This Resolution shall take effect immediately upon its adoption. RESOLUTION ADOPTED AND APPROVED this lst day of February, 1977. TOWN OF VAZL, CQLORADO 1~ I ,j~; ~ i it Y Mayor ~ TP~ys~ TOWN} SEAL} ti ATTEST: I Town C1e~Town of Vail, olo ado 16- Council Member ~{,G'~.~ seconded the motion, and the question being upon the adoption of said Resolution, the roll was called with the following result: Those voting "Yes": Council Members: John Donovan Bill Heimbach Bob Ruder Rod Slifer Josef Staufe ~ 7'!?~r- p~rG,yj,L Those voting "No": 1~'~ members of the Council present having voted in favor or the adoption of the Resolution, the presiding officer thereupon declared the Resolution duly approved and adopted. Thereupon, after consideration of other business to come before the Council, the meeting was adjourned. TOWN) SEAL ) ATTEST: t Town Cl ~ (~ Town o£ Vail, Colorado C h .~ 1 ~~ Mayor ~~7~i-rv Town o~ Vail, Co~orado 17- STATE OF COLORADO ) COUNTY OF EAGLE ) ss. TOWN OF VAIL ) T, Rosalie Jeffrey, Town Clerk of the Town of Vail, Eagle County, Colorado, do hereby certify that the attached copy of Resolution No. ~ -77 calling a Special Bond Election to be held in the Town on March 29, 1977, is a true and correct copy of said Resolution as adopted by the Town Council at a regular meeting thereof held at the Vail Municipal. Building, Vail, Colorado, the regular meeting place of the Town Council in the Town, on Tuesday, the lst day of February, 1977; that a true copy of said Resolution has been duly executed and authenticated by the signatures of the Mayor of the Town of Vail and myself, as Town Clerk of the Town, sealed with the seal of the Town, and recorded in the official records of the Town; that the foregoing pages numbered 1 through 17, inclusive, constitute a true and correct copy of the record of the proceedings of the Town Council at said regular meeting insofar as said proceedings relate to said Resolution; that said proceedings were duly had and taken; that said meeting was duly held; and that the persons were present at said meeting as therein shown. TN WITNESS WHEREOF, 3 have hereunto set my hand and the seal of the Town of Vail, Colorado, this ~ ~u day of February, 1977. Town T,~ Town of Vai~l,T! olora o TOWN) SEAL) ls~-