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%t R�SOLUTION D10. 1� , SERIES 1984
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" � A RESOLUTION TO CONTRACT A SPECIAL AND LIMITED � 's
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REVENUE OBLIGATIOid OF PITKIN COUNTY, COLORADO, BY
ISSUING ITS MULTIFAMILY HOUSING REVENUE BONDS
� (CENTENDTIAL-ASPEN PROJECT) SERIES 1984 TO FINANCE
`'�' FESIDENTIAL FACILITIES FOR LOW AND MODERATE'INCOME '�
,� EAMILIES AIID PERSONS; RATIFYING CERTAIN ACTION ;
:�:�-,;r_`� HERETOFORE TAICEN; AUTAORIZING THE EXECUTION AND
DELtVERY BY THE COUNTY OE AN INDENTURE OF TRUST,
-�.^'.",�:;j LOAN AGREEMENT, LAND USE RESTRICTION AGREEMENT AND
N"`"'��`=°"" BOND PURCHASE AGREEMENT, SUCH BONDS AND CLOSING
.,,�._:_,_.,,.:i
�T`•"=`?;s� DOCUMENTS IN CONNECTION THEREWITH; MAKING DETERMI-
Tn,r '!; NATIONS AS TO "LOW APID MODERATE INCOME FAMILIES AND
`•^ r'�;i PERSOTIS,° AS TO TF.E SUFFICIENCY OF REVENUES AND AS
;� TO OTHER MATTERS RELATED TO THE RESIDENTIAL EACILI-
��'��•':�''V TIES; AND REPEALING ACTION HERETOFORE TAKErI IN
::•,��"iiI
�; '�+ CODIELICT HERE4�ITH.
;.- �i
`� �; WHEREAS, Pitkin County, Colorado (the "County"), is a
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„v _. :; county and political subdivision organized and existing under
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�' _ the Constitution and laws of the State of Colorado; and
WHEREAS, the County is authorized by the County and -
k ��f � Municipality Development Revenue Bond Act, constituting '
_ - � �`
� �� Article 3, Title 29, Colorado Revised Statutes (the "Act"), '°
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! y .
s-
��� to finance one or more projects, including any land, building �
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�" or other improvement, and all real and personal properties,
whether or not in existence, which sha11 be suitable for
� ,:t,.,;::i
.,�� I{ residential facilities for low and moderate income families ' t
�'''4�'"� or persons and intended for use as the sole place of resi-
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� dence by the owners or intended occupants to the end t'•st :
�..;-... t� �
t4' ;,j more adequate residential housing facilities for low and i:
:?:;;.
;�;�.;a;'�: moderate income families and persons may be provided, which ��
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promote the public health, wel£are, safety, convenience and
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- -•; prosperity; and '
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`�� WHEREAS, the Act authorizes the County (i) to issue its
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revenue bonds for the purpose of defraying the cost of ��'.
� financing any project and all incidental expenses incurred in
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;"-�ra �
;;��;.c;,. connection with the issuance of such bonds, (ii) to enter
.`,,.�_:,,i into financing agreementr:; with others for the purpose of
:v �
,.-3 providinq revenues to pay the bonds authorized to be issued
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;_}�~�''.'_.:',! under the Act, and (iii) to secure the payment of the princi-
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h ` pal of and interest on such bonds as provided in the Act; and
;�:z -
r WHEREAS, the County has determined that it is advisable -
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and in the best interests of the County to issue, sell and
� i deliver its Multifamily Housing Revenue Bonds (Centennial-
;�r,.._,:
�".�;'`�;; Aspen Project) Series 1984, in the aggregate principal amount
i of $9,750,000 (the "Bonds"), to Bankers Trust Company (the
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�.�,� -
`;' "Underwriter"), in order to provide financing for a multi- �
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..��,;.^: family rental housing project (the "Project") which will be '�
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located within the County, to be constructed by Centennial-
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� Aspen, A Limited Partnership, a limited partnership organized
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��:c;1:;;�•� and existing under the laws of the State of Colorado (the
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i} .� ':� "Partnership"), which Project is to be occupied by persons of
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�r,t-��, low and moderate income, as determined by the County, and
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which is to be occupied partially by individuals of low or
:,,, dr E
�;Y.;,�.? moderate income within the meaning o£ the Internal Revenue �_`,
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u:-�:�- Code of 1954, as amended (the "Code"), all £or the public
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�.� purpose of providing more adequate residential housing facil- �
:_;`j ities for low and moderate income families and persons; and s
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ii.,'�:'i WHEREAS, in connection with such financing the County ;=�
�� will make a loan from the proceeds of the Bonds to the Part- };,`i.
-""�'=� nership to provide financing for the Project, and the part- {?
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;y-�';_� nership will acquire, operate and maintain the Project in �,.
:.::j accordance with the requirements of the Act and Section
a' '� 103(b)(4)(A) of the Code; and
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',""�`J WHEREAS, the Partnership will enter a Loan Agreement
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y � :
� � dated as of October 1, 1984 (the "Loan Agreement") with the �
y :'�``c.''"
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'r;'.;µ.;y County providing £or payments su£ficient to pay the principal ;
�'�"�`R�� of and interest on the Bonds and to meet other obligations as � ?
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�.. j herein and therein provided; and �
, �
"�•�,"" WHEREAS, the a ent of the '
;..:,•<;;-: p ym principal of the Bonds will ;
4 ,,� be supported by a Letter of Credit to be dated the date of i
a�:,...;, �
;�'-�`=" issuance and delivery of the Bonds (the "Letter of Credit") '
" ;�"r;'F`�,: � .,,
`;i;�:�`=�i to be issued by Citibank, N.A. (the "Letter of Credit Bank") � �
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` to The Colorado Dlational Bank of Denver, Denver, Colorado, as -
- :�i a .-
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' trustee (the "Trustee"); and . ,i
� ��,'�� WHEREAS, there have been presented to the Board of �
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`i'::��'�� Count Commissioners 1 the ^
,-�,r=-;.� y ( ) proposed form of Indenture of ;
4;5:'; ;
�<,�;.';:.
G�+:�_:c Trust dated as of October 1, 1984 (the "Indenture") between iy
r;�-.:.,; �
��;='�'. the County and the Trustee, (2) the proposed £orm of Loan '
i` f Agreement dated as of October 1, 1984 (the "Loan Aqreement")
�; �.�
r�..: between the County and the Partnership, (3j the proposed Eorm
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•-.�� of Land Use Restriction Agreement dated as of October 1, 1984
i
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-,.';'j (the Land Use Restriction Agreement"), among the County, the i
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r �. � Trustee and the Partnership, (4) the proposed form of Bond �-.,�
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' '`'� Purchase Agreement (the "Bond Purchase Agreement") between
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. _:] the County, the Partnership and the Underwriter, (5) the �,,_
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�'..j;:°�;.� proposed form of the Letter of Credit, and (6) the propos�d s.,
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"`'_f form of the Preliminary Official Statement {the "Preliminary
;,t,:�:,_,j
sr Official Statement") to be distributed by the Underwriter to
f �'-;
f� prospective purchasers o£ the Bonds.
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NOW, THEREEORE, BE IT RESOLVED BY THE BOARD OF COUNTY -
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COMMISSIONERS OF PITKIN COUNTY, COLORADO:
•�s:r::.r; ,: -
=�_°;::;; Section 1. All action (not inconsistent with the provi- � � j
;��:; �.
' 7,-�.,°;, ' �
y •; sions of this Resolution) heretofore taken by the Board of �
,�
' County Commissioners directed toward the financing of the ;
�„•�>_'�� .
� Project and the issuance and sale of the Bonds therefor is i
,
A:i�:;�..:i
r + hereby ratified, approved and confirmed. �
;:''�`�� Section 2. The County shall finance the cost of the ` '�}
. Wai�:.f4 } y
�.'.�'.���1 i
f r, Project, including the costs incidental to the authorization, � =
}...:,.�•1 •:
� +-ti issuance and sale of the Bonds, by loaning the proceeds of 4 ?'
the Bonds to the Partnership in accordance with the provi- { �
��
'-:''`•_� sions of the Loan Agreement for the purposes described above. ?
,'a,`."r,,� `
�r' ' Section 3. To defray the cost of such £inancing, there
4 ;
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' is hereby authorized and created an issue of revenue bonds
7x:::<ij
:5�,'=?�:� designated as the "Pitkin County, Colorado, Multifamily
;5�;'���;; Housing Revenue Bonds {Centennial-Aspen Project) Series 1984" -
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t�i�W�� N^'31k. �{ .jK'H j7w� �A t t '? 4�J�7'p��1 ih� r� 'S��` ik}e .
-� k.'����,��i�����u;�3'�.a�:h�;.�+.. .�.+.�ye._. . ..,:#,�t'- -- = .��. .�::�...�_t:�i,�a��c..�.
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� in the aggreqate principal amount of $9,750,000, �ssuable as
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fully registered bonds in the denominations o£ and dated as
provided in the Indenture, and maturing on April 1, 2007.
�-� The Bonds shall bear interest as provided in the Inden- �
ture; however, the interest rate on the Bonds sha11 in no
event exceed 14.25�; per annum.
The Bonds shall be payable, shall be subject to redemp-
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`�'.-'.--:�:_.-..`
tion and purchase upon tender prior to maturity and shall be
r ;
' '! in substantially the form as provided in the Indenture.
` `;}
;i�,;..;;�;s': Pursuant to the Bond Purchase Agreement, the Bonds shall be
� '`"i sold to the Underwriter at a private sale at the price pro-
j� vided in the Bond Purchase Agreement as executed, which shall ;
i
_ �r � be a price not less than 99.0% of the aggregate principal .
G amount oE the Bonds plus accrued interest on the Bonds, if
� y.'�
k any, from tlie date o£ the Bonds to the date of their delivery.
,:;
` Section 4. Pursuant to Resolution No. 84-3 of the Board �
� ��j
�.� of Commissioners of the Housing Authority of the County, the
_ ,„`
✓�"' folLowing constitutes the Authority's Z984 Qualifications for .
i� � '::.�
� � j,:
�°:_��•,._:_!trj 1ow, moderate and middle income housing projects within the
�x �� County's jurisdiction. "Low units" shall have a maximum
.,_..�;,,...�_,;�
i� .,;�� family household income of $29,280.00. "Moderate units"
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v<� shall have a maximum family household income of $47,770.00.
:�
_ 4� �`c::� n
t ,^" "Middle units shall have a maximum family household income
�•-;� of $69,090.00. Eor purposes of this Resolution and pursuant
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r�.D+�.�Al�� .' . � �°�i� �il � r''ly �'I_�"r 7w� . '' '`r''�� t }��n_�'ri F .-
y t��S �� ��� ����t,.,�s�� . ��tq c k � -.�i ���1�,y y'�f a' ,�kH�
..�.i�,� va��,.,n,.���.i. '���.":�vk,....!9Y-'htift' .�'.. v��-..�'y...c.`���..��..i.��F�.:..� .. Czr+ 1+L.i.^'L` ��"�t:!. ���f .X�Lit.�LY._�.j. .
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to the Act, "moderate income" shall include moderate and
middle units as set forth above.
'i Section 5. The forms, tezms and provisions of the
� Indenture, the Loan Agreement, the Land Use Restriction =.
w,,,
%"�"�'� Agreement, the Letter of Credit and the Bond Purchase Agree- ==^'''
��;; � tr�::.
?-r-:::? ment are hereby approved, and the County shall enter into the j
:y< _,�
"'� Indenture, the Loan Agreement, the Land Use Restriction
< Y.�
Agreement and the Bond Purchase Agreement in substantially
�,�i_��;, the forms of each of such documents heretofore filed with the
;,.��;;s
- County C1erk and Recorder with such changes therein, if any,
..� as are not inconsistent herewith; and the Chairman or Vice .�
:.r�,,
Chairman o£ the Board of County Commissioners is hereby �
z.�::,,
,�:�;;`':'':i authorized and directed to execute and deliver the Indenture,
� �? the Loan Agreement, the Land Use Restriction Agreement and i
the Bond Purchase Agreement, and the County Clerk and
° ' Recorder or Deputy County C1erk and Recorder is hereby
� � ' '�ti
r,y� ; authorized and directed to affix the seal of the County to ; �
�:`'..j1� n
� ; aad to attest the Indenture, the Loan Agreement, the Land Use
� ,
� Restriction Agreement and the Bond Purchase Agreement, and `
� ! the execution o£ such documents shall evidence conclusive
� ;�
' r:� approval of any changes thereto from the forms of such docu-
�= `.,
� �
ments heretofore filed.
� '
a � Section 6. The County acknowledges and consents to the ;
,:�3":,^�;' �
;-:..-:,_.� use by the Underwriter of the Preliminary Official Statement �
t<.,, - �'-
..;�;�1: ¢ ':
n;;�;,;.' in connection with the offering of the Bonds to the public.
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. , ��}..�,,.r 1 s u'J n�l��.��, ;s e ��•Yr' ��d = �,� e�x.�� .
� � .T R �� aW 'S� �`L t � !?���� �p`��t� 1��dµ { 1,� K��X���T�� �
':. .,.� �� �r Stn,����.`� . f � ��+' �h.�.�n;� t��4 .. ���ri" r�kpk'�t�TU��C.'r "3"���.�t
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f��ri,7�,� <,, �ro���o-�,L���,,.�����-+rit.Q�:.<����,�s4t .,....,_. ., _ ._ ,�. .. ,.-. .. � , .
� �;i:�,.i�:.. ��:iwt's�ia�r.�.,9Ys�'��.
ti
The County acknowledqes and consents to the use by the Under- .
`• � writer in connection with the sale of the Bonds of a final.
official statement (the "Official Statement") to be prepared
by the Underwriter and to be substantially in the form of the
�F Preliminary Of£icial Statement but containing such amendments
't'='y:t=:=��`,� as may be deemed appropriate by the Underwriter. The County
i,�^; �;�
makes no representation or warranty as to, and has no respon-
�'-s �" sibility £or, the accuracy or completeness of the information
cr =
jN .,
� ,,,� ,; contained in the Preliminary Of£icial Statement or the the
� 'K �� Official Statement, and the Chairman or Vice Chairman of the �
�:,: ='i;.:
'�1 Board of County Commissioners is hereby authorized to execute
�_� .: ' .
,r� . - the Official Statement.
_ r,,.,.,;;
' _ 'i Section 7. The form, terms and provisions of the Bonds,
� ? in the form contained in the Indenture, are hereby approved,
rt, _ �
,;".�;�'' with such changes therein, if any, as are not inconsistent 'S
r -
. ;-..><.-,_.._;:'. herewith; and the Chairman or Vice Chairman of the Board of f
� js-
��a�ui c County Commissioners is hereb authorized and directed to ``
� ,� y �l`'
,� execute the Bonds and the County Clerk and Recorder or Deputy ' i
� a: S
� �F ' County C1erk and Recorder is hereby authorized and directed
t
#t ` � to affix the seal of the County to and to attest the Bonds.
k!. -
' The siqnatures of the Chairman or Vice Chairman of the Board i
r ' > :
Y��� of County Commissioners and the County Clerk and Recorder or S
r '`e:
F i.
_:>,v`,.= Deputy County C1erk and Recorder on the Bonds and the seal of
�i;
� ' the County on the Bonds shall be manually affixed or by
r;F y ��.
� facsimile.
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� 'ti�a�i ���" `i,�t�4r �p 1_�q�. r 4 �'�' k y. � �;h x+`� ,,�t� { �.?'s�Y� i ..
�
#x�f���Y P'� . v .? �`F't� �!�" t l ._. �.. :�a t� .� J �a K,xd �i ��'�s"L�r, ''�,,. r4�aT
.L ;3,,�.�:, '�1�hh.'�9r� v��d,�' �����,3. �� �`Sk�4 ��. �.. � Yk' 1''4.;, `5..�'r +% "+
. .,"r�'�` .��;E.�dm:.���''.'�.-r�n#f-r2,. ..�.s:.,et�:'`a6k.�'Y r..w.�.�'+n4'3�'�_ .. ._.._ . ,.. ..... .>^-- _. ..... .
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Section 8. The Colorado National Bank of Denver,
, Denver, Colorado, is hereby appointed as Trustee under the
- Indenture. Chemical Bank is hereby appointed Tender Agent,
` borid re �.
±�:'
gistrar and paying agent under the Indenture.
'Yu'-:::.<,;�' Section 9. The Board of County Commissioners �hall take
alI action necessary or reasonably required by the Undez-
+�r� �'`': writer to effectuate the provisions of the Bond Purchase
wt.� _ _
' 'e
s Agreement and shall take all action necessary or desirable to
t.;�: finance the Project, and for carrying out, giving effect to
r�� � and consummating the transactions contemplated by this Reso-
-i_:
�" Zution, the Indenture, the Loan A reement, the Land Use ^}
- r,�'.`R 9
� Restriction Agreement and the Bond Purchase Aqreement and
� execution and delivery oE any closing documents to be deliv-
ered in connection with the sale and delivery of the Bonds.
x -
_ �.. ?.,, - Section 10. The cost of financing the Project, includ- ,
� 1
"y .' ing the costs incidental to the authorization, issuance and
✓ � -
j., �t.'
( -:,� sale of the Bonds, wi12 be paid out of the proceeds of the �
i ;:.-:
� _ Bonds and none of the Bonds will be the genaral obligation of �
� `''� the County nor shall any of the Bonds, including interest
�'� ;:t
Y ' thereon, constitute the debt or indebtedness of the County �f
'iF�`��' -Ji
i�{::'..'-..',��""i
��.�rr�� within the meanin of the Constitution or laws of the State
. . .„�;,::�v, 4
�s
t„J,...,;,'-Aa of Colorado or the County's Charter nor sha11 anything con-
t � -" � tained in this Resolution or in the Bonds, the Indenture, the
ry
�' :'� Loan Agreement, the Land Use Restriction Agreement, the Bond ;'
�� y
' --{ Purchase Rgreement or any other instrument give rise to a
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k r �. d rr
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� . r ��-.' f��. � 4 .;f i6�q L rx��„�,�,� �! e qk�x yy�. '}�+5_"a ,yy,�.
'—,��'�'�U-�� .r����1 s�9t,�''��r . _ .�.� E��:.�.�%.�._ . ��k�' �.ytQ�L�s�'?`����>:.?rdk,.'�'1���_ ._.,..�_•-.�
pecuniary liability or a charge upon the general credit or
";
,�.;: _',,� taxing powers of the County, nor sha11 the breach of any
`; agreement contained in this Resolution, or any of the `
_ �
'"' ' above-mentioned instruments impose any pecuniary liability
�
- - upon the County or any charge upon its gener�.l credit or
- :..;;-; �
=�j� against its taxing powers, the County having no power to pay ;i '
'M"_'�iF"'�"! out of its general funds, or otherwise contribute any part of .
-� �I the cost of financing the Project pursuant to said documents
��r a��
's}�-;{i_, from this date forward, nor power to operate the Project as a
;-y s ,�!
business or in any manner, nor shall the County condemn any
��: -_
'�=`'"'''''i land or other property for the Project nor contribute any
t. x •�
i'.,."-: ;� land or other property to the Project.
;;i,
_ .r.�`a
�! Section 11. The following determinations and findings
''' 1 are hereby made in accordance with Sections 29-3-113,
�-c.:'- -;i
� 29-3-114, and 29-3-120 of the Act: '
,�. �
(a) The maximum amount necessary in each year, +
�y �
t i ,+�,�
. , ending April 1, �o pay the principal of and interest on
3i��.'h� the Bonds is $1,389,375 for a11 years 1985 through 2006 "
. i ��
; (interest only) and $11,139,375 in the year 2007 (inter- �
±� +�
�� � est and principal).
�•'+v�:- ,f
;�;.;; (b) No reserve fund has been established for the
"�_yi:'::F;1
,��_, �
.',r�,�, retirement of the Bonds or the maintenance of the Proj- �
.r,,.�.' :
�`'=" ecC, and accordingly it is not necessary to pay any °
��;�„�,�.,: i
'� �� amounts into a reserve fund. �
i�*�w?
+%�'�.•-,�., (c) The terms under which the Project is to be
"��:i'
��= financed provide that the Partnership sha11 maintain the
4�y..;
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,,��'C *f .[..:1( M ���q� F'1Y'�. �Yt �t�h
� !i�. y h ��r ����`'t� '�A t H �[+�WCS ��.�i � 3 �i!�r�r •
F � � 144„�@ �' � � �i' 4�'i . � t�s�C.1�S{�r� � f N �
��1� ��, � �'�' tY�c�,��� xf ��� '���t�.�'� ` � ..... .. . ,.
���'+. ra�f'Ft rk�d°,rP'.e
c ��2'sy �'R � #' ti '�. ,'. b���1�9[+J7.,aa:r�»y-L:•w:.. ��-.,. ..'t .... .�..,>>
_-,�.�-..r���:;�1M.. 's°s... - - _.
:S. . ' '
Project and carry all proper insurance with respect
!' thereto.
- '
(d) The revenues payable under the financing docu-
� ! ments with respect to the Bonds and the Project are
a
sufficient to pay, in addition to all other requirements
�."r;-<
-4t-^;:;;-;,:i' :, of such financing documents and this Resolution, all
�� ' sums referred to in paragraphs (a) and (c) of this
'':v •
,r "i
���.`,�,,.�1 Section.
�--'?;:. .
°'-`='_.=�-'� (e) The revenues payable under the £inancing docu-
��irw�,.;..:,?
,;,s,j,�;.,^, ments with respect to the Bonds and the Project are
;cSF A :�
' :'�: sufficient to pay, in addition to all other requirements 'i
_ � ,:
:?,...
- - of such financing documents and this Resolution, all
•�',�e
z
taxes payable pursuant to Section 29-3-120 of the Act.
" ,' Section 12. After any of the Bonds are issued, this
a.
S Resolution sha11 be and remain irrepealable until the Bonds
r �-` •r
'-?;;;,;;'�-;;;-;;'', and the interest thereon shall have been fully paid, can- �
� � ` .
7 celled and discharged. qY,
]f rY..:
� '� *' Section 13. If any section, paragraph, clause or provi- �-:
� ` sion of this Resolution shall £or any reason be held to be " �
S` 't'•"'= invalid or unenforceable, the invalidity or unenforceability
�,; �
of such section, paragraph, clause or provision shall not
1� i '.
� '^'+a.'� aEfect any of the remaininq provisions of this Resolution. +
`�., y .
r � �
, �'� Section 14. All bylaws, orders, resolutions and ordin-
� s�
y� ances, or parts thereof, inconsistent herewith and with the
t,::,, � _
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fr �
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' �, � h�._��•�t�aa#1;j�� ,y � r'' y#�r.�it'" � y�s:�y�"��'.Y�'`�?
�. �Y .� '� .,.� 4.< x� a y l�.. � .-`-+'��S y�� ����r�..
'+���>. � .'y� �`t�' F<", � .� +!�"'_� � R� si i� j��� fi°�'R; c_:
— ��� . .. �L.. .. ^9 '���j�io- � 'S.F
:a:..ra>.�F.' .�+F,.�ai,:....`a_r�,y+..
� �
l.;%i
- documents hereby approved, are hereby repealed to the extent
•";:e.,,,��,;:�:.:y _
only of such inconsistency.
f
��,.-._., :
Section 15. This Resolution is ordered published, and ;
:�='.'.`' may be published by title and short outline as provided by
`� Section 2-1-8-3 of the Charter, upon adoption. �''
`�'� ;7 Section 16. This Resolution sha11 be effective upon ���
�y:;.;.�,�,;; !
-- final adoption.
;:��
,�r r� ADOPTED AND APPROVED at a regular meeting this 22nd day
� � .i
,}._;.:�
of October 1984. i
>i:,r...�'r �
=�i::�c�:��
i'.+tc4:,a;�'7 ADOPTED AND APPROVED at a special meeting, without
� �
k"" '.7 amendment this 29th day of October 1984. '.
;r`�'--5;-�;'� �
?}� . , l
- r�t t
. B ' /A � �
� . �(/ :
� (�iC'E�� hairman, Board of ;
� h` a�� �^ . _ , County Commissioners '
� � '? � ' Pitkin County, Colorado ;
'"?"� ':�ti Att �I �: �f �
(�t`�-�1 � I .
I:�ti� ~'
,F� �rA�
�';��t Deputy County Clerk � ,'
� " r.: and Recorder � ;=
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The Aspen Times
eax E
; '� Aspen, Colorado
- ::� .
.. � PROOF OF PUBLICATION '
a:
, �.
,;;r,';:`�'�.����.;.�' STATE OF COLORADO ) COp�! Of NOfICC
'.� ) ss,
"�'.:.':�:'��-�j CountY ot Pi[kin ) - .
� RESOU1TfON NO 113 SE81E5 OF 1981 �
�_ �.� A Rt50LUf10N YY1 COMRACT A SPEQAL
AND WYITED REV6NU6 OBWGATION OF
W i l l i am R. Dun awa ��x courrrr.coww�no.er�ssuuw
�, : f. Y da solemnly sw•ear CI18C PCS�dULTIPAMILY HOUSING REVENU6- -
+ BONOS tCENTENNIA4ASPEN Pft0.fECl'1
SENFS 19Da 70 FINANCE RFSIDENTIAI:
Publ isher PACILLTIE4tORIAW�NDNOD6M76 W,
c ��; ,,�� I am the oE THE ASPEN TIMES: CONEFAMIIIESANDPEA40NS;AA77PYJNG�� .
- that the same is a weekly newspaper printed, in whole or in part, CERI'AfN ACTION HERE70FORE TAREN;
� AUTIIOR6ING THE EXECU170N AND D6
� and published fn the Counly of Pitkin, State of Colorado, and has V�'ERYBYTHEWOM'�'OFANINUENTURE
OP TRUbT•LOAN ACREBPI6NT ANO 80NO
.a a yeneral circulation lheroin; that said newspaper has been putr ct,�o�Si�oCU��'�e�'tn coNxe�'c�rioN
lished continuously and uninterruptedly in said County of Pitliin, TXER6Wf741;MAi(7NC DE7&RMINAT{ONS
;�^�c_�-� �+,��� for a period of more than ti[ty-tao conseculi��e weeks nexf prior �TO���YANUNODERA'[EINCOASEFAM4
LIESANO PEFSONS'.�R17NESUfYfClEti-
-���`� to the tirst publicetian of [he annexed legal notice or adverfiu- �orxevet+ursuao�st�oorxettnuT• _
7'ERSitEIA"['ED707'NE R&SIDEN77ALFACI• �
ment; that said newspaper has Aern addmitted to the United States ��:����liTC AC170N HERE7'O.� '
FOH6 TAKBN IN CONPWCL HEREWI77i
mails aa secondclass matter undw the provisions o[ the Act o[ . �ee rc rcenesY.wvtseo eh.�e�eo.ra or' . 'y
r ����� March 3, 1879, or an amendmenis thereo[, and that said news �0udo�tyy,��°��°"`�`°�P�A��w,��t .,
- N F . Y d''afsemw-w�nea�iw�iiirnu�Ona6er'af t��jie tun�a�it�
,:�J��3 paper Is a weekly newapaper duly qualitied tor publlshing legal ��,",i„i;,e.,�..;;��,;,,ih��,d„cr
,; ;� notices and advertisements w�ith the meaning of the ]aws of the �ti�d'v'"6'°c'�"�^�b011_}
� State of Co►orado. �p�py��� fck.t
t..' PuhlWNinthAW�75mnllecemherl�19lt:�
�'-_�..p ThBt the annexed legaJ notice or adverlisement a•as published .
- in the regalar and entire Issue of every number ot said weekly
: '_ '�
i -� ��.� newspaper for the period of � consecutive insertioqs; and
that !he tlrst publication ot said notice was In tbe issue ot said ���
'' =��� ' December 13 64 �
- j�,;`,'='y,:"s's-;� newspaper dafed A.D., 19�and that .�
`"�'�`"•`��`-''.�Y [he ]ast pubtication of said mitce was in the issue o[ sald news-
� ' 9:
i . ��r paper dated A.D., 19_ .
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p /./� / ��ivv r-���.1
O
�, ,�.;� Subscribed and swom to before me,.a nolary pablic in and for
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t th ounty of Pit in,SUte o[Color/a/d"o�, [his�_day of
�"��>� A.D..19(L�.,
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