HomeMy WebLinkAbout1976-19 Accepting the Bid for it's Special Assessment Bondsc"5" --1 ~!
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CERTIFIED RECORD
OF
PROCEEDINGS OF THE
TOWN COUNCIL OF THE
TOWN OF VAIL, COLORADO
RELATING TO A RESOLUTION
ACCEPTING THE BID OF THE BEST BIDDER
FOR ITS SPECIAL ASSESSMENT BONDS
IN THE PRINCIPAL AMOUNT OF $540,000,
FOR TOWN OF VAIL, COLORADO, STREET IMPROVEMENT DISTRICT PdO. 1
STATE OF' COLORADO
COUNTY OF EAGLE
TOWN OF VAIL
M
ss.
The Tawn Council of the Town of Vail, Colorado, met in regular
session at the Vail Municipal Building in said Town on Tuesday, the
21st day of September, 1976, at the hour of 7:30 p.m.
The following members of the Tawn Council were present;
Mayor: John A. Dobson
Councilmen: John Donovan
Bill Heimbach
Kathleen Klug
Bob Ruder
Josef Staufer
Bill Wilto
The followi.ng~m~emebers of the Town Council were absent
W~
The fallowing persons were also present:
Thereupon, the following proceedings, among others, were had and
taken:
k
Councilman ~ introduced and moved the
adoption of the following Resolution, which was read by title:
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RESOLUTION N0, ~~ -76
A RESOLUTION AWARDING THE PURCHASE
CONTRACT FOR SPECIAL ASSESSMENT BONDS
OF THE TOWN OF VAIL IN THE TOTAL
PRINCIPAL AMOUNT OF $540,000, FOR TOWN
OF VAIL, COLORADO, STREET TMPROVEMErdT
DISTRICT NO. 1 TO THE BEST BIDDER
THEREFOR
t
WHEREAS, the Town Council of the Tawn of Vail, Colorado, has de-
termined to offer for sale the special assessment bonds of said Town,
to be designated "Town of Vail, Colorado, Street Improvement District
No. 1 Local Improvement Bonds, Series October 1, 1976", in the prin-
cipal amount of $540,000, for the purpose of constructing and instal-
ling street improvements in the Bighorn area; and
YdHEREAS, as a means of selling such bonds at public sale to the
best advantage of the Town, pursuant to Section i0.5 of the Charter of
the Town of Vail, Colorado, the Tawn has, by an Official Notice of
Bond Sale prepared and mailed to such bond and investment houses and
other interested parties as specified by the Tawn Council or its
fiscal advisor, and by and abbreviated Notice of Band Sale published
in The Vail Trail on September 10, 1976, solicited bids for such
Bonds; and
WHEREAS, all such bids received by the Town prior to 10.00 a.m.,
on Friday, September 17, 1976, have been opened and tabulated, and it
appears that the bid of Boettcher & Company, Denver, Colorado, is the
best bid far said Bonds, said bid being not less than the par value
of said Bonds and having a net effective interest rate of 8.498530.
NOW, THEREFORE, BE IT RESOLVED BY THE TOWN COUNCIL OF THE TOWN OF
VAIL, COLORADO:
That the purchase contract for $540,000 of "Town of Vail,
Colorado, Street Improvement District No. 1 Locai Improvement Bonds,
Series October 1, 1976", heretofore duly offered for sale by the Town
of Vail, Colorado, be and the same is, hereby awarded to Boettcher &
Company, the best bidder therefor, and the bid submitted by Boettcher
Company for such Bonds is hereby accepted.
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INTRODUCED, READ, APPROVED, PASSED, AND ADOPTED this 21st day a~
September, 1976.
TOWN}
SEAL)
ATTEST:
down Clerk
TOWN OF VAIL, COLORADO
M O ~'
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i
ti ~+
Councilman seconded the motion, and
the question being upon the passage and adoption of said Resolution,
the ro11 was called with the following result:
Those voting "Yes":
Councilmen: John A. Dobson
John Donovan
Bill Heimbach
Kathleen Klug
Bab Ruder
Josef Staufer
Bi11,yW~iJ.to
Those voting "No":
I~iGL/ members of the Council present having voted in favor of
the passage and adoption of the Resolution, the presiding officer
thereupon declared the Resolution duly passed and adopted.
Thereupon, after consideration of other business to come before
the Council, the meeting was adjourned.
TOWN}
SEAL) -
Al o r ~
n of Vail, Colorado
ATTEST:
3~own Clerk
Town of Vail, C lorado/
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STATE OF COLORADO )
COUNTY OF EAGLE ) ss.
TOWN OF VAIL )
I, Rosalie Jeffrey, the Town Clerk of the Town of Vail, Eagle
County, Colorapdo, do hereby certify that the attached copy of Reso-
lution Na. ~'! ~-76, regarding the award of the purchase contract
for "Town of Vail, Colorado, Street Improvement District Pdo. 1 Local
Improvement Bonds, Series October 1, 1976", in the principal amount
of $540,000 is a true and correct copy; that said Resolution was
passed and adopted by the Town Council at a regular meeting thereof,
held at the Vail Municipal Building, the regular meeting place of the
Town Council in the Town, on Tuesday, the 21st day of September, 1976;
that a true copy of said Resolution has been duly executed and au-
thenticated 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 numbered 1 through 4, inclusive, constitute a true and correct
copy of the record of the proceedings of the Town Council at its
regular meeting of September 21, 1976, 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.
the Town of Vail, Colorado, this ~ day of September, 1976.
Tnwn~f~ ~
Town of Vii , Col~ado
TOWN)
SEAL)
IN WITNESS WHEREOF, I have hereunto set my hand and the seal of
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