HomeMy WebLinkAbout1986-07-29 Town Council MinutesMINUTES
SPECIAL MEETING
INVAIL TOWN COUNCIL
DULY 29, 1986
2:00 P.M.
A special meeting of the Vail Town Council was held on Tuesday, July 29, 1986,
at 2:00 P.M., in the Council Chambers of the Vail Municipal:Building.
MEMBERS PRESENT: Paul R. Johnston, Mayor
Kent Rose, Mayor Pro Tem
Eric Affeldt
Dan Corcoran
Hermann Staufer
Gail Wahrlich-Lowenthal
MEMBERS ABSENT: Gordon Pierce
TOWN OFFICIALS PRESENT: Ron Phillips, Town Manager
Pam Brandmeyer, Town Clerk
The first item on the agenda was Ordinance No. 19, Series of 1986, an
ordinance authorizing and directing the issuance of up to $2,600,000.00
aggregate principle amount of the Towns Sports Facility Refunding
Bonds, execution and delivery of a Sports Facilities Refinancing Agree-
ment with Vail Associates, Inc., and related documents; authorizing and
directing the execution and delivery of such bonds; providing for the
principle amount, numbers, provisions for redemption and maturities of,
and rates of interest on, the bonds, and authorizing certain terms to be
determined by subsequent resolution; determining revenues to be paid
for such project; authorizing investments, approving counsel; authorizing
incidental action; calling a special public hearing; and repealing incon-
sistent actions. The full title was read by Ron Phillips. Representing
Vail Associates, were the following: Jack Gardner, from Ballard, Spahr,
Andrews, and Ingersoll, legal counsel, and Rick McCutcheon, Corporate
Treasurer for Vail Associates. There being no discussion, a motion to
approve Ordinance No. 19 on second reading to publish by title only was
made by Eric Affeldt and seconded by Dan Corcoran. The motion passed
unanimously.
There being no further business, this special meeting was adjourned at
2:10 P.M., so the Council could return to scheduled work session business.
Respectfully submitted,
Paul o ns o ayor
ATTEST:
Pamela A. Brandmeyer, To f� Clerk
Minutes taken by Pamela A. Brandmeyer
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