HomeMy WebLinkAbout1974-11-15 Town Council MinutesMINUTES
SPECIAL MEETING
TOWN COUNCIL OF THE TOWN OF VAIL
15 NOVEMBER 1974
A special meeting of the Town Council of the Town of Vail,
Colorado, convened at 8:00 A.M. in the Conference Room of
the Vail Municipal Building.
Mayor John A. Dobson and the following councilmembers were
present:
Kathleen Klug
Joseph Langmaid
Josef Staufer
Tom Steinberg
Also present were:
Terrell J. Minger, Town Manager
Gene A. Smith, Town Attorney and Deputy Town Clerk
Stanley F. Bernstein, Finance Director
Ordinance No. 21, Series of 1974, AN ORDINANCE AUTHORIZING THE
ISSUANCE OF GENERAL OBLIGATION REFUNDING BONDS, SERIES OF 1974,
IN THE PRINCIPAL AMOUNT OF $2,640,000 OF THE TOWN OF VAIL,
COLORADO, FOR THE PURPOSE OF REFUNDING $3,000,000 GENERAL
OBLIGATION BONDS, SERIES NOVEMBER 1, 1973, DATED NOVEMBER 1,
1973; PROVIDING FOR THE ESTABLISHMENT OF AN ESCROW ACCOUNT FOR
TIE PAYMENT AND REDEMPTION OF THE OUTSTANDING BONDS TO BE
REFUNDED; PRESCRIBING THE FORM OF THE 1974 REFUNDING BONDS;
PROVIDING FOR THE LEVY OF TAXES AND FOR THE APPLICATION OF CER-
TAIN SALES TAX REVENUES TO PAY SAID REFUNDING BONDS AND THE
INTEREST THEREON; AND PRESCRIBING OTHER DETAILS IN CONNECTION
THEREWITH, was introduced on second reading, Councilman Staufer
moved to approve the ordinance; Councilman Steinberg seconded
the motion; the vote was unanimous in favor; and the motion
carried, The Deputy Town Clerk was instructed to publish the
ordinance as approved.
• Mr. Bernstein explained the proposed Escrow Agreement between
the Town of Vail and the Central Bank and Trust Company, Denver,
Colorado, relating to General Obligation Bonds, Series November
1, 1973, refunded by General Obligation Bonds, Series 1974. He
explained that it was necessary to leave some details in the
Escrow Agreement and ancillary documents blank due to the fact
that some minor variation in interest.will occur depending on
the exact closing date and issuance of the bonds. Councilman
Staufer moved to approve the Escrow Agreement; Councilman Steinberg
seconded the motion; the vote was unanimous in favor; and the
motion carried. The Mayor and the Town Manager were instructed
to execute the Agreement on this date.
With no further business, the meeting was adjourned at 8:30 A.M.
'e�retary
•
10WO at Vail ly
box 100
trail, colorado 81657
(303) 476.5613
Town Council
Town of Vail, Colorado
P. 0. Box 100
Vail, Colorado 81657
office of the town attorney
November 7, 1974
Re: (1) Special meeting on November 12, 1974, at 7:30 p.m.
(2) Special meeting on November 19, 1974, at 8:00 a.m.
IS Councilpersons:
In accordance with Section 4.2 of the Charter of the Town of
Vail, Colorado, enclosed are copies of the public notices of
the two special meetings indicated above.
Sincerely,
..-4 .
Gene A. Sm'th
Town Attorney
GAS/sjm
enclosures
cc: A copy hereof was mailed to each councilperson at his
usual address.
P U B L I C N 0 T I C E
NOTI CE OF A
SPECIAL :-W1:TJNG
OF TO1h'N COUNCIL
Public \otice is hereby given pursuant to Section •4.2
Of the Charter of the Town of Mail, Colorado, and Section
4 of Ordinance No. 1, Series of 1974, that here will. be
a special mect-ing of the Town. Council on .the 12th day
of November, 1974, at 7:30 P.M. in the Ifunici.pal
Building of the Town, to consider the enactment of
three proposed amendments to the Zoning Ordinance,
Ordinance No. 8, Series 'of 1973,' and to further
consider the enactment of an ordinance imposing
zoning on the pottion •of the Bighorn area annexed
to .the Town effective on the '11th day of September,
1974, public notices regarding the public hearings
to be held on all of the aforesaid matters having been
heretofore published on the 25th day of October, 1974.
/S/ Rosalie Jeffrev
. Town Clerk
- A �
N O T I C E O F H E A R I N G
ON AN ORDU ANCE
PUBLIC NOTICE IS HEREBY GIVEN That on Friday, the 15th
day of November, at a special meeting of the Town Council of
the Town of Vail, Colorado, to be held at the Municipal
g: v.D //.i#
Building, Vail; Colorado, at or about n o'clock-•i#t1., a
public hearing will be conducted prior to final passage of an
Ordinance entitled:
AN ORDINANCE AUTHORIZING THE ISSUANCE OF GENERAL
OBLIGATION REFUNDING BONDS, SERIES 1974, IN THE
PRINCIPAL AMOUNT OF $ 2 , 640 , 000 , OF THE, TO?,1N OF
VAIL, COLORADO, FOR THE PURPOSE OF REFUNDING
. $3,000,000 GENERAL OBLIGATIO`i.BONDS, SERIES
NOVEMBER 1, 1973, DATED NOVE-HBER 1, 1973; PRO-
VIDING FOR THE ESTABLISHMENT OF AN ESCROW ACCOUNT
FOR THE PAYMENT AND REDEMPTION OF THE OUTSTANDING
BONDS TO BE REFUNDED; PRESCRIBING THE FORM OF THE
1974 REFUNDING BONDS; PROVIDING FOR THE LEVY OF
TAXES AND FOR.THE APPLICATION OF CERTAIN SALES TAX
REVENUES TO PAY SAID REFUNDING BONDS AND THE IN-
TEREST THEREON; AND PRESCRIBING OTHER DETAILS IN
CONNECTION THEREWITH.
At said meeting any person in interest may appear and be
heard on said Ordinance. A copy of the Ordinance is on file
in the office of the Town Clerk, and may be examined at any
time during regular business hours.
GIVEN BY ORDER OF THE TOWN COUNCIL .of the Town of Vail,
• Colorado, this 5th day of November, 1974.
•
/s/ Rosalie Jeffrey
Town Clerks
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