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HomeMy WebLinkAbout1980-23 Amending Ordinance No. 4, Series 1980, Concerning the Issuance of Town of Vail Land Transfer Tax Anticipation Warrants, Series 1980A~r ~" ~r ORDINANCE NO. ~~ SERIES OF Iy80 AN ORDINANCE AMENDING ORDINANCE N0. 4, SERIES OF 1980, CONCERNING THE 2SSUANCE OF TOWN OF VATL, COLORADO, LAND TRANSFER TAX ANTICIPATION WARRANTS, SERIES 1960A. BE IT ORDAINED BY THE TOWN COUNCIL OF TIDE TOWN OF VATL, COLORADO, THAT ORDINANCE N0. 4, SERIES OF 19$0, IS AMENDED AS FOLLOWS (Capital letters indicate new material added to existing ordinance; dashes through material within brackets indicates deletions Pram existing ordinance): Section 1, Paragraph 2 of Section 3B(1) of Ordinance No. 4, Series of 1980, is amended to read: The Warrants shall bear one set of interest coupons evidencing interest thereon from February 1, 1980, to their respective maturity dates, rat '_r rc~ac~ed--~~cr t:~~.r~tc„ at the per annum rates of interest stated below. The coupon interest shall be payable June 1, 1980, and semiannually thereafter on the ist day of June and the lst day of December of each year. Section 2. Section 4B of Ordinance No. 4, Series of 1980, is amended to read: The Town Council has received for approval and there is now on file in the office of the Town Clerk a Warrant Purchase Agreement, dated January Llgj 8, 1980, AS AMENDED BY THE ADDENDUM TO THE WARRANT PURCHASE AGREEMENT, DATED JANUARY l7, 1980, between the Town and the Purchaser, executed by the Purchaser, pursuant to which the Purchaser offers to purchase the Warrants in accordance with the terms of this Ordinance and the Warrant Purchase Agreement at a price of 97~ of the principal amount of the Warrants. The Warrant Purchase Agreement, INCLUDING THE ADDENDUM THERETO, is approved and the ~_~ia~-sr is~ TOWN MANAGER AND CITY CLERK ARE authorized and directed to execute the Warrant Purchase Agreement AND THE ADDENDUM THERETO in the name and on behal f of the Town . Section 3. Section 7I of Ordinance No. 4, Series of 1980, is amended to r. ead Any Additional Parity or {-}Subordinate Warrants or other additional Parity or Subordinate Securities (including, without limitation, any funding or refunding securities and subordinate --3- ~r t ~r additional general obligation bonds) issued in compliance with the terms hereof shall bear interest payable semiannually on the first days of Fir z a. ~•~ JUNE and ~nIIg-~~ DECEMBER in each year , but the first interest payment date may be for interest accruing for any period not in P_XCeS$ in the aggregate of one year and such additional securities shall mature on ~L~N~u„~~+} DECEMBER 1 in the year or years designated by the Town Council during the term of the additional warrants or other additional securities. This provision shall not apply to the Additional Parity General Obligation Bands. INTRODUCED, READ ON FIRST READING, APPROVED, AND ORDERED PUBLISHED ONCE IN FULL, this / l day of - ~~,;~i~(~ - , 1980. A public hearing shall be held hereon at 7:30 o'cloc~C P.M. on the ~ ,/~ ~I''" day of /~~ - 1980, at a ~~~~~ meeting of the Town U Council of the Town of Vail, Colorado, in the Municipal Building of the Town, and it is hereby ordered that notice of said hearing be given as required by law. ATTEST: /~i~/PEA"-. _ . .. . 1~€r `~ /fir Mayor f INTRODUCED, READ, ADOPTED AND ENACTED ON SECOND READING AND ORDERED PUBLISHED IN FULL this ,1, day of ~ ~~(~~~ - ~ ~ , 1980. v 1 ~ ~~- Mayor ~ ~ ' ATTEST: ~, ~ } ~r f t -4- ~r ~ ~~ Council member - ~~ ~~~1~~ seconded the motion, and the question being upon the passage on first reading of said Ordinance, the roll was called with the following result: Council members voting "Yes": Mayor Council members: Rodney E. Slifer Paula Palmateer John Donovan Thomas Steinberg Bill Wilto Scott Hopman Ron Todd Council members voting "No": ~~ ~ members of the Council present having voted in favor of the passage on first readong of the Ordinance, the presiding officer thereupon declared the Ordinance duly passed an first reading and directed that the Ordinance be published once in full in The Vail Trail, a legal newspaper of general circulation within the Town of Va i 1 , on ~~~,1:~~ .. ..~~} 19 s Q . ~, Thereupon, after consideration of other business to came before the Council, the meeting was adjourned. (TOWN} {SSAL} ~. jATTEST: . n (ae~r K - " Town of Vail, Colorado Mayor °' ~ l/ Town of Vail, Colorado -5- ~ ~ ~ ~~ STATE OF COLORADO ) COUNTY OF EAGLE } ss. TOWN OF VA~L ) The Town Council of the Town of Vail, Colorado, met in ~~',~r~j~.i~ session at the Vail Municipal Building, Vail, Colorado, the regular meeting place thereof in the Town, on ~ !~:~~~~~ ~~C~~,~:~ - , the - /- ~~2 day of - - ~ ',L~~~~.i 1988, at the hour of 7:30 p.m. The following members of the Town Council were present: Mayor: Council members: Rodney E. Slifer Paula Palmateer John Donovan Thomas Steinberg Bill Wilto Scott Hopman Ron Todd The following members of the Town Council were absent: The following persons we e also present: Thereupon the following proceedings, among others, were had and taken: The presiding officer informed the Council that Ordinance No. p~Q , Series of 1980, relating to the amendment of Ordinance No. 4, Series of 1980, which was introduced, passed an first reading, and ordered published at a regular meeting of the Town Council held on "~ C~, 1988, was duly published in full in The Vail Trail, a newspaper of general circulation in the Tawn of Vail, in its issue dated ~ "-- ~ 1980, and that the publisher's affidavit of said publication is now on f ile in the office of the Town Clerk . Council member (~•G~~• ~~~.~~~" - then read the Ordinance by its title, sufficient ~ pies having previously been made available to the Council and to the public . The presiding officer then declared that this was the time and place established for a public hearing an the Ordinance and the meeting was then opened for such purpose. Thereupon the following persons appeared: -6- ~ r ~' ~r Indicate name and substance of remarks.) ~~ ~' Thereupon, all persons having been given an opportunity to speak, the hearing was declared closed. -7- •~ ~ •~ Council member - ~ ~. ~~`~%. k" -~G,-;~ - "~ ~ , ~ ~~~~/ then moved the passage and adopt ion of Ordinance No . ~ ~,~ ~ ~ , Series of 1980 . Council member - -~.~-~`~•Y`12:rfi~"~ - Seconded the motion, and the question being upon the passage and adoption of said Ordinance, the roll was called with the following result: Council members voting "Yes": Mayor: Council members: Rodney E. Slifer Paula Palmateer John Donavar~Z.~iy,~,~,,~~__:,~ Thomas Steinberg Bi11 Wilto Scott Hopman Ron Todd Council members voting "No": r members of the Council present having voted in favor of the adoption of Ordinance No. -~ ~ Series of 1980, the presiding officer thereupon declared said Ordinance finally passed and adapted and directed that the Ordinance be published once in full in The Vail Trail, a legal newspaper of general circus tion within the Town of Vail, in its issue of - - ~.,_ ;~~~~~.~ - .. - .. .. ~ 1980. ~J / Thereupon, after consideration of other business to come before the Council, the meeting was adjourned. Mayor ` Town of Va ~, Colorado (TOWN) (SEAL) 'i ~ '~ , r i !ATTEST: ~. ~, ,~~~f .~.--. 'ler k Town of Vail, Colorado -8- 1C t 1i STATE OF COLORADO ) COUNTX OF EAGLE ) SS. ) TOWN OF VAIL ) (Attach Affidavit of First Publication of Ordinance.) -9- • c ~ ~~ STATE OF COLORADO ) COUNTY OF EAGLE ) ss. TOWN OF VATL ) (AttacEt Affidavit of Second PubJ,ication of Ordinance. ) --10- ~~ fi ~~ STATE OF COLORADO ) COUNTY OF EAGLE } ss. TOWN OF VATL ) z, Colleen Kline, the Town Clerk of the Town of Vail, Eagle County, Colorado, do hereby certify that the attached copy of Ordinance Na. ~i~- , Series of 1980, regarding the amendment of Ordinance No. 4, Series of 1980, is a true and correct copy; that said Ordinance was passed on first reading by the Town Council at a regular meeting thereof held at the Vail Municipal Building, the meeting place of the Town Council in the Town, on ~ ~7,~~~~- , the - _ ~~ day of ~~ , 1980; that said Ordinance as passed and adopted on sec d reading by the Town Council at a - -~~,,~_meeting thereof held at the Vail Municipal Building, the refjular meeting place of the Town Council in the Town, on - ~$-~t~=,;.,.~~~~- - - , the ,d~= day of ~~- - , 1980; that true copies df said Ordinance have been duly exec ted and authenticated by the signatures of the Mayor of the Town of Vail and myself, as Town Clerk of said Town, sealed with the seal of the Town, numbered and recorded in the official records of the Town ~Cept for that purpose in my office; that said Ordinance was duly published as required by law, as evidenced by the affidavits of publication attached hereto at pages 9-10. t further certify that the foregoing pages constitute a true and correct copy of the record of a proceedings of the Town Council at its meetings of . .~`~~.' ' ' ~~, 1980, and - - _ - ~~- - .. ~, 1980, insofar as l said proceedings relate to said O~inance; that said proceedings were duly had and taken; that the meetings were duly held; and that the persons were present at said meetings as therein shown, IN WITNESS WIiEREOF, I have hereunto set my ha d and the seal of the Town of Vail, Colorado, this _~-~ day of ~ ~-----, 19g0. ~w~i Town of Vail, Colorado ' {TOWN ) '{SEAL) , --11- C~ Q x -v [ll 4; ~.. m f-a to cn c ~ o. ~ n O ~: o ~ o a fl Q O ~ ~ O ~~ ~ Q 6 -~ O a. a ~ ~ a o ~ 0 a I o C p ~ a ~o d m m G ~ C'. m -t, m b a D ~ ~ C ~ ~ ~ g ~ ~, a Q N c 6 Cl- ~~ o C ~ r -~ o Q ca O ~O Q ~. c~ ~,~ c m O a a_ ~~ o Q Q Q (D Q Q ~ a a ° ~ ~ ~ a~o~~=^oaa~ ~Qa°°~°Q~~m - n ~ O D ~ ~ ~ ~ <- ~- ~ ~ a ~Qa3ooo~cz ~~.~oNa~ ~ ~ O O ~ ~ 7 o ~ a~'"'`~~ 7 C1 ~ 0 a m ~ ~ ~ { p m ~ 3Q ~ Q63yo~Q~o ~ r ~ p ~ o ~ o?N ~ QQ m ~ Q y c ~ Q Q m~ pcQ~O-~ a~-~ ~~ O Q ~ ~ am~a-~+~~~Q ~.. , Q o n o~~~~~~oQo ~ N ~ ~~ a N~ Q~ Q ~ ' ~ ~ a Q ~ a f7 S ~ ~ ~ a ~ ,~ ~. ~ ~Q ~~~~ ~ ~ 7 _~. a°~ma~~"ter ~ ~ ~ ~ ~ aac~~oa~.Qa D J 1~ ~ =c cu a Q =,.~ ~ C7 ~ ~. a ~ o -' m . ~' Q ~ ~ ~ ~ ~ ~ ~~. ~~~~D~.~'ama ~ ~ ~ oQ~-Q~~~o~ y o ~ Q ~~o6~Qm~m ~ ~ ~ fl a ~ ~ -~r~- ~~ ~~,omQ~$o 3 0 ~ 7 o ~ ~ ~ ~ ~ ~a~a=~ a.~ ~~ o ~~ '--F` ~ G ~ y Q 7 O " •y ( ~ ~ ~ ~ ~ -a p ~ ~_ 5 ~-c ~~ ~~ ~ ~~ o Q ° ~ o Q ~ ~m~~a a_~~~ Q~ ~~ ~~ ~ ~ - + O ~ 0~ ~ fl 7' ~ v ' ~ ~a 3ro ~ O~ O ~ ~ " ~ ~ ~ O Q , ~ Q a N C _(p O~ 0 oa ~Q.oo~•~~m ~ Q ~ (D~C;OQf] ~ QO~ ~ r'JJ~ ~•l ~~J T 0 W ~~ n Z . i ~ o ~, m e _~ w 3 ai r ~n-b On w v bw w m ~.-. m - ~,.,..__=..:.m. - ... -..,..:.~.,--_._...,- -. :..,..._~.,..,......._.... __.._..._ _..... ---._-.- _~._~__._._..,..., g ~ ~ ;C pZ- o~p ~.. 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