HomeMy WebLinkAbout2007-08 Approving the First Amendment to the Consolidated Service Plan for Solaris Metropolitan District no. 1, 2, and 3RESOLUTION N0.8
Series 2007
A RESOLUTION APPROVING THE FIRST AMENDMENT TO THE CONSOLIDATED
SERVICE PLAN FOR SOLARIS METROPOLITAN DISTRICT NO. 1, SOLARIS
METROPOLITAN DISTRICT NO. 2, AND SOLARIS METROPOLITAN DISTRICT NO.
3; AND SETTING FORTH DETAILS IN REGARD THERETO.
WHEREAS, The Town of Vail (the "Town"), in the County of Eagle and State of
Colorado is a home rule municipal corporation duly organized and existing under the
laws of the State of Colorado and the Town Charter (the "Charter"); and
WHEREAS, The members of the Town Council of the Town (the "Council") have
been duly elected and qualified; and
WHEREAS, On September 19, 2006, the Council passed Resolution No. 18,
Series 2006 approving the Consolidated Service Plan for Solaris Metropolitan District
No. 1, Solaris Metropolitan District No. 2, and Solaris Metropolitan District No. 3.; and
WHEREAS, Because of the cost of the public improvements and the value of the
underlying property, it is necessary to amend the Consolidated Service Plan to increase
the debt cap from $20 million to $40 million.
NOW, THEREFORE, BE IT ORDAINED BY THE TOWN COUNCIL OF THE
TOWN OF VAIL, COLORADO, THAT:
1.The Council hereby approves the First Amendment to the Consolidated
Service Plan for Solaris Metropolitan District No. 1, Solaris Metropolitan District No. 2,
Solaris Metropolitan District No. 3, a copy of which is attached hereto as Exhibit A, and
made a part hereof by this reference,.
2.This Resolution shall be effective immediately upon adoption.
INTRODUCED, READ, APPROVED AND ADOPTED this 3rd day of April, 2007.
Rodney E. 'lifer, To n Mayor
ATT ST:
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jCore~i Donaldson, Town Clerk 3~'S
Resolution No. 8, Series 2007