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Home My WebLink About1977-25 Ratifying and Confirming the Award of its General Obligation BondsC E R T I F I E D R E C O R D O F PROCEEDINGS OF THE TOWN COUNCIL OF THE TOWN OF VAIL, COLORADO RELATING TO A RESOLUTION RATIFYING AND CONFIRMING THE AWARD OF ITS GENERAL O$LIGATION BONDS IN THE PRINCIPAL AMOUNT NOT EXCEEDING $2,350,000 SERIES DECEMBER ~., 1977 STATE ~F COLORADO ) COUNTY OF EAGLE ) ss. TOWN QF VAIL ) The Town Council of the Town of Vail, Colorado, met in regular session at the Municipal Building in said Town on Tuesday, the 6th day of December, 1977, at the hour of 7:30 o'clock p.m. Upon roll ca11 the following were present: ! Mayor: ~~ ' 1 J ~~ Council members: r . ~- w~ Absent: Thereupon the following proceedings, among others, were had and taken: i) RESOLUTION NO. oC SERIES OF 1977 A RESOLUTION RATIFYING AND CONFIRMING THE AWARD OF THE GENERAL OBLIGATION BLINDS OF THE TOWN OF VAIL, SERIES DECEMBER 1, 1977, DATED DECEMBER 1, 3.977, IN THE TOTAL PRIN- CIFAL AMOUNT OF $2,350,000, TO THE BEST BIDDER THEREFOR WHEREAS, the Town Council of the Town of Vail, Colorado, has determined to offer at competitive sale General Obligation Bands.of said Town, Series December 1, 1977, dated December 1, 1977, in the principal amount of $2,350,00O,~.pursuant to the authorization con- ferred by the electors of the Town at a special municipal election duly called and held on Tuesday, October 4, 1977, for the purpose of acquiring, constructing and equipping an ice arena enclosure and real property for use a5 a site far a public works maintenance building and bus storage yard, a water storage facility, and open space for the Town and its inhabitants; anc~ WHEREAS, the Notice of Sale of General Obligation Bonds, Series December 1, 1977, in the principal amount of $2,354,440, was published in the time and manner set forth in Resolution Na./~, Series of 1977, passed and adopted on dctober ~, 1977, and such Resolution has been substantially complied with in all of its requirements; and WHEREAS, all bids which were received prior to 10:40 o'clock A.M. Mountain Standard Time, on Tuesday, November 22, 1977, have been opened and tabulated, and. it appears that the bid of Kirchner, Moore & Co., Denver, Colorado, is the best bid for said Bonds, said bid being not less than the par value of said Bonds plus a premium of $100,000 and having a net effective interest rate of 5.5967S6o. NOW, THEREFORE, BE IT RESOLVED BY THE TOWN COUNCIL OF THE TOWN OF VAIL, COLORADO: That $2,350,440 of General Obligation Bonds, Series December 1, 1977, dated December 1, 1977, heretofore duly offered at competitive sale by the Town of Vail, Colorado, be and the same are, hereby awarded to Kirchner, Moore & Co., Denver, Colorado, the best bidder therefor, and the bid submitted by Kirchner, .Moore & Co. for such Bonds is hereby accepted, in substantial compliance with the terms and i Council Member ,,.Lh intraduced and Councilman moved the approval of a Resolution which, copies of which having been made available to the Cauncil, was read by title, and is as follows: s ii) s ~ Council Member _ seconded the motion, and the question being upon the'appraval ~ t said-Resolution, the roll was called with the following result; Those voting "Yes": Council.mernbers: Those voting "No" : /Ii~~-- members of the Council, which number is a majority of the entire Council, having voted in favor of the approval of the Resolution, the presiding officer thereupon declared the Resolut.ian duly ratified, approved and confirmed. Thereupon, after consideration of other business to come before. the Cauxicil, the meeting was adaourned. G Mayor Town of Vail, Colorado SEAL} TTEST: Town Clerk Town of Vail, Colorado iii) conditions of the Tpwn's Official Native of Sale, and including the details stated in the bid of said bidder. // RESOLUTION ADOPTED AND APPROVED this t4 day of December, 1977. 5 E A L ) TOWN 0~' VASL, COLORADO Mayr~r l ATTEST; Y ITV ~C.u/L[.C... Town Clerk 2 -- M ,~~ r ~ ' . STATE OF COLORADO ) COUNTY OF EAGLE } ss. TOWN OF VAT L ) I, Colleen Kline, the Town Clerk of the Town of Vail, Eagle County, Colorado, do hereby certify that the attached copy of Reso- lution No. _~ Series of 1977, ratifying and confirming the award of the General Obligation Bonds of the Town of Vail in the principal amount not exceeding $.2,350,Q04, Series December 1, 1977, is a t~'ue and correct copy; that said Resolution was approved and adopted by the Town Council at a regular meeting thereof, held at the Town Municipal Building, the regular meeting place of the Town Council in the Town, on Tuesday, the ~ 'day of ~,~.~_ 1877; that true copies of said Resolution have been duly executed and authenticated by the signatures of the Mayor of the Town of Vail and myself, as Town Clerk of .said Town, sealed with the seal of the Town and numbered and recorded in the official records of the Town kept for that purpose in my office. I further certify that the foregoing pages constitute a true and correct copy of the record of the proceedings of the Town Council at its regular meeting of ~~.,~.y~,e,~i.L~ ~ 1977, insofar as said proceedings relate to said Resolution; that said proceedings were duly .had and taken; that the meeting was duly held; and that the persons were present at said meeting as therein shown. ZN WITNESS WHEREOF, I have hereunto set my hand and the seal of the Tawn of Vail, Colorado, this ~ ~ day of ~_ 1977. Town Clerk J Town of Vail, Colorado SELL) 1V} RESOLUTION NO. SERVES OF 1977 A RESOLUTION RATIFYING AND CONFIRMING THE AWARD OF THE GENERAL OBLIGATION BONDS OF THE TOWN OF VATL, SERIES DECEMBER 1, 1977, DATED DECEMBER 1, 1977, IN THE TOTAL PRTN- CTPAL AMOUNT OF $2,350,000, TO THE BEST BIDDER THEREFOR WHEREAS, the Town Council of the Town of Vail, Colorado, has determined to offer at competitive sale General Obligation Bonds of said Town, Series December 1, 1977, dated December 1, 1977, in the principal amount of $2,350,000, pursuant to the authorization con° ferred by the electors of the Town at a special municipal election duly called and held on Tuesday, October A, 1977, for the purpose of acquiring, constructing and equipping an ice arena enclosure and real property for use as a site for a public works maintenance building and bus storage yard, a water storage facility, and open space for the Town and its inhabitants; and WHEREAS, the Notice of Sale of General Obligation Bonds, Series December 1, 1977, in the principal amount of $2,350,000, was published in the time and manner set forth in Resolution No. ~, Series of 1977, passed and adopted on October ~g , 1977, and such Resolution has been substantially complied with in all of its requirements; and WHEREAS, all bids which were received prior to 10:00 o'clock A.M. Mountain Standard Time, on Tuesday, November 22, 1977, have been opened and tabulated, and it appears that the bid of Kirchner, Moore & Co., Denver, Colorado, is the best bid for said Bonds, said bid being not less than the par value of said Bonds plus a premium of $100,040 and having a net effective interest rate of 5.596786a.~ NOW, THEREFORE,, BE ZT RESOLVED BY THE TOWN COUNCIL OF THE TOWN OF VATL, COLORADO: That $2,350,000 of General Obligation Bonds, Series December 1, 1977, dated December 1, 1977, heretofore duly offered at competitive sale by the Town of Vail, Colorado, be and the same are, hereby awarded to Kirchner, Moore & Co., Denver, Colorado, the best bidder therefor, and the bid submitted by Kirchner, Moore & Co. for such Bonds as hereby accepted, in substantial compliance with the terms and conditions of the Town's Official Notice of Sale, and including the details stated in the bid of said bidder. RESOLUTION ADOPTED AND APPROVED this ~ day of December, 1977. 5 E A L )TOWN OF VAIL, COLORADO May~r`r , ATTEST: r ~~ Town Glerk 2-