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?"
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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.
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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
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Publish in: The Vail Trail
Publish on: March 11 and 1$, 19'7'7
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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:
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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
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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)
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To be endorsed on back of Ballot)
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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
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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.
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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
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I ,j~; ~ i it
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Mayor ~ TP~ys~
TOWN}
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ATTEST:
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Town C1e~Town of Vail, olo ado
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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:
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Town Cl ~ (~
Town o£ Vail, Colorado
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Mayor ~~7~i-rv
Town o~ Vail, Co~orado
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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)
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