HomeMy WebLinkAbout1980-05-13 Town Council Minutes: =. -Aw
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NOTICE OF SPECIAL MEETING
PUBLIC NOTICE IS HEREBY GIVEN THAT A SPECIAL MEETING
OF THE VAIL TOWN COUNCIL WILL BE HELD ON TUESDAY,
MAY 13, 1980,-AT 2.00 P.M., IN THE COUNCIL CHAMBERS
OF THE VAIL MUNICIPAL BUILDING FOR THE PURPOSE OF
CONDUCTING THE FOLLOWING BUSINESS:
1. AN EMERGENCY ORDINANCE AMENDING
ORDINANCE NO 14, SERIES OF 1980,
AS AMENDED BY ORDINANCE NO, 18,
SERIES OF 1980, CONCERNING THE
ISSUANCE OF TOWN OF VAIL, COLORADO,
CONSTRUCTION LOAN NOTES SERIES OF
MAY 1, 1980,
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RICHARD CAPLAN, TOWN ANAGER
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MINUTES
SPECIAL TOWN COUNCIT,_ MEETING
MAY 13, 1980
2:00 P.M.
The Vail Town Council convened for a Special Meeting at 2:00 P.M.
on Tuesday, May 13, 1980, in the Town Council meeting room of the
Vail Municipal Building.
The following Councilmembers and Mayor Slifer were present:
Scott Hopman
Bill Wilto
Ron Todd
Absent:
Dr. Steinberg
Paula Palmateer
John Donovan
All present were: Richard Caplan, Town Manager and.Lawrence C. Rider
Town Attorney.
The first matter for Council's attention was Ordinance No. 19, Series
of 1980 was read by Rodney Slifer. Richard Caplan explained the
Ordinance to Council, the necessity of it being adopted at this Special
Meeting as an Emergency Ordinance and that the closng on the bonds
is set for Monday, May 19, 1980. Mayor Slifer indicated that as an
Emergency Ordinance there would be only one reading. Mayor Slifer
then read the title of Ordinance No. 19, Series of 1980. There was
no discussion. Councilmember Wilto moved to approve Ordinance NO. 19,
Series of 1980; Councilmember Todd seconded the motion. all present
voted in favor and the motion passed.
The second matter before the Council also involved the interim financing
and sale of bonds for the Lionshead Parking Structure. Richard Caplan
explained to the Council that Resolution No. 14, Series of 1980 approved
and ratified the note purchase agreement for the construction loan
notes. In the Agreement as approved by Resolution No 14, Series of 1980,.
the interest note was not to exceed 8.9%. Richard Caplan explained
that the rate. has been set at 8.5%. Councilmember Wilto moved that
since the interest note was within previously approved 8.9% that the
Council approve the rate and fix it at 8.5%; Councilmember Todd
seconded the motion, There was no discussion. All present voted in
favor and the motion passed.
There was no other business to come before the Council at this Special
Meeting.
Councilmember Todd moved to adjourn the meeting; Councilmember Wilto
seconded the motion. All present voted in favor and the meeting adjourned
at 2:30 P.M.
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