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bocc.min.spec.09111985
�; -�-�.�..� _ , - ��.:_ 3,�,� r � : �;:.i;:' .. ._��_;.r��- �,».. ��..;ay;4-.,.�;:.,.�e����:��'�.��r....�a� P2YlfIN ODfIlMTY BW1ltD O! OOMMISSIONL1t8 SPECtAL_NE6TINCZ 11 sBVri�MnKk. 198� PRESENT: TifOtU13 BLAK6. HE:Ltx1 KLANDERtlD. ROBERT BNHUDL3 Crystoi The eoerd convened a special moeting to canvass th� voeoe Rlvtc caet ae ehe apecial alecelon conductod in the Cryatal Rivor Coune�y Country Eatotee Genecal Iraptovoment Dtatrict on Tuesdey, 10 ESE�E@� Septcmb�c, 1985. and to conaider two (2I reaolueions owarding the Impeav�- boods �o b� iesued ao n reault oE the olection Eor Distrlct m�n� tmprovements. County Clerk Lorotta Banner lntroduced che cosulta t�lstrie� oE the oloetion, whlch vna he+id to outhoclse a Diatcict indobeedneea va�� tn the princlpal amount oE Eocty ehousand dolla�s t5�0.0001 tor Canvans/ the pucpoae ot replocing an accees bridge and pcoviding foc Donci certsin sereet impcovamenta !n the aub�act subdivislon. Dann�c A�r�cc1 explained !ha! previoua doeuments ercooeously identltied the �hree (31 eloction judgea that ware to aocve during tha election. aone ot �hom ware able !o aacvet !he judges that artually secved we�e Nancy Ande�aon, Ben Caaias and Ann Kellar, all o[ vhom conducted tbe eleccion yesterday, and the Haard muat foraally appoint che above. �laka movad to cat[oactively appoin� Anderso�, Casias and Keller ae tbe eleclion judges tor the subject election. Rlanderud sacondoci a�d the motton pnseed unanimously. eanner theo introduced the electton results f o� canvaesingr tht�ty (30) ballots were issucd during tho electioo, and a canvass oE the ballot$ cast indicated that thirty (30) votas wece caat in favor of the indebtedness, zero t0I opposed, 7wo (2) absentee ballots wece also issued Lor the election, and a canvass of absentee voting indicated that two (x) votes uere cast in ft►vor of the indebtedness, zero t0) opposed. A total oE thicty (32) ballots vere issued, all of which wece cast in favot of ths ballot question. Blake moved to acknowledge the results of the canvass and to declace that the subject election resulted foc the incurrence of the indebtednees, Klanderud seconded and the motion passed unanimously. Banner then introduced two (2) resolutions, one (1) awarding the General Ohligation 6onds authorized by the election to the lovest bidder and the other providing for the form and payment of the bonds, their issuance and sale. Banner noted, however, that no bids have been received as of this time. The Board previously ;-�s' authorized a Notice of Sale indicating that all bids for the - bonds must be ceceived by 9:00 a,m, thfs mocning; although a bid ' was anticipated from a Denver firm, inclement weather has prevented - _ . ., the document fcom being delivered by the deadline. She recoa�ended _ that the deadline for the receipt of bids be estended to 5:00 ,,� .,. �� p.m. this afternoon. .�..��.,�Y.: �:=; Commissionei's Meeting 11 September, 1985 - 1 `��,.,:" y`�` }� ��� �� �*�.'•i �� _. ____ _ .,, - �. :� ��� ._ � �,'�. ���; ,,.1 •,� , �;--� >. { s,;,� � '��t y� ';� i � i I�. � P � � ,��i. � I y ` r� �. � Y"�f §`� � .I � t� F�3 Y fY . .iT"1M9/'�R. . ���n�"w,'n�.s}��?.� f!w# I ��r �� «.-.+. Klandecud movpd to excend rhe time period for the receipt of bids to Ss00 p.m. today, 11 September, 1985. 91ake seconded and the mntion passed unanimousl�, Braudis then taoved to appcove both resolutions, and to award the bonds ta trie lw+est reeponsible bid recpived by 5:00 p.m. thls af ternoon. Kl�nderud seco»ded and the motion passe8 unani- mously. The bonda were subaequently awecded to Kirchnet itoore and Company nf tKenvse, thQ only bid received. Thtre being no fnrChet Guaineea, the ateting was ad�ourn�d. «�;�- � ;��o.� ��,. ���::� ����*'�� ��k' .�,�,M, '�� ' -=,:� r� - '`a�*��'; +yS;; t�+ ��_ . � � . �� Cummissioner`s lleeting 11 September, 1985 - 2 ��.'. � �_ ._ _ ___.._��„� e,,..�;r ��.i ����� � �=� " � � I �st ,��� •_y . f,�a �� - g. '��'�- �" 8�i � $�i f� y._ . ��� �,�� �� � � '� � .;�i '�f• �?�i.� y .c x-:�, 2'rs } . �� �" s .x�,... s,.3 �:. ' t.` . _ . .:a`' _.. E�..�.s�%x`" . . . . . _ . . . . . e' STATE Op COLOEtAtlO 1 ) COUNTY OP PI'fKIN ) �UUG�'S OA"fN ) CRYSTAL [tlVEtt CUUN'CRY ES'fA��S ) PI'fKIN CdUN'CY I!1['ttOVEM�NT btS'fttIC'r ) r, �,�,;ti �E�Ce f�- ---, do soi8mnly aw€ar id� aEficm) tha� I am � riccxen r�f eh� Unit�d Statcs and th� Sta�e �� C�luradc�t that t am �n �2�etar oF Crystal Rivgr Country E$tat�� Pitkin Cnunty improv�n��nt Digtriatt ��+at t wi11 p�c�nrm ch� duti�� nF judg� �E elcetidn �ceording en law, and co �ha begt of my �bilitys tnat I will �tudidusly �ndeavar eo pruv�n� fr�u�d. d�e8te, and abus� in aandur�in� g�m8: ehat f wili nnr nry to ase�reatn how any �l�cenr vor�d, nor will t dt�cldg� how �ny �alactor votsd, tE, in th� dtgch�cy� u� my duel�e, �uch knc�wiadq� comc�s to me, unlusa r�qutr+�d to do �o [n somg eourc �E eompat�nt _ jurtsdictions aod thaC i wilt not diaciose eha r�sult oE �ho voCing unetl the potis hava clessd. � �,(illryv h����•/� �.1�g� o e ece on :, SubscribQd and swarn to baEore nee lhts �, day oE m,,,� Septombor. 1985. _3'.y: : :..;,f �.i 1 , ,;'. Sec eCary or Ju ge o E ect on -�.�1, ,.W w-� ::=� rm '; +�:� �� � �%a ��,..a ��..�.t :� 7 ,� :Y -.."...._�..yu^.+..:m.i<�.1R ..i_::�:_ �.._.-.. .........:. . ... . ... . . . . . FL �� - '{' 3lr.�� � � � - � ' • �. '.m'.:�: . �. � . . . . . .i .�, . . . . � ' . t , Y�,�-".. .*�- 1 _ _ ' y.: y��� • -, � , .,.��� .� �- -- � _.�, _�' � ,�` �.�3, �'�!� � ��� �� �� � � � I -� i� ' �. � '#+K�N E � �'53''� i _.. � , . �','� �� � !�K .,;.;:: 'r"i �_t.�,K.� .'•t.-.: s+� ;._��� .�. . . _ ., Y3z$• .. ic�- �.: x I � i , - -�' .�-. K - t.l. . . 'e` .-zxe��". ". .`� 5'fATB Oi� COLORADO ; Ct7UN'�Y OF PITKIN ) �Ut��'S dAfiH i CttY5rAL RIVEtt COUNTEtY L5TAT�3 1 1�ITKIN COUNTY IMpItOVEM�Nr btS'C[tICT ? /� �/ � � � ' - Y� %Y i�i �I:ii���i. _r/' _�_r d0 solemnly �w�ac (c►r afEirm) 'that t am a �i�izen of th� United Statas and the �taee df Cc�lorado; th�t 2 am an el�etdr oE Cry�tal Ftivpr Counrry E�tate� P[tkin Cdunty tmpr�v�menr Dt��rict; �hat i wili pgrlorm tN� duaie� af judg� df el�rtian acanrdtnq to law, and ta tha bsst �E my abtlity; that t wtll ��udi�u�ly �ndeavac tu pr8vant fraud, - d�ae�tt, and abus�a Ln cdnducetng s�mat that i will not �cy to agc�reatn how any �lector vd«d, nor wi11 t disctog�a how any alactor vot�ad, tE, in tha d[$ch�rg� c�E my duti�a, surh knowl�dqe . com�s to m�, unl�ss reguic�d Eo do so tn aom� �ourt oE eompatsnt jueisdtecions end thae i will not dtsciase th¢ cesutt oE ths vottng unttl th� �olla bava cloaed. y ��, �,s / ,,� �.. �- ,/� . . ,�Pl . . s' ';�i�(' �� //1.-�...t_;�y " . Ju�ie}'o o�"S��ctlon Subac�lbed and sworn to batoco me thls � day oE t Soptembor, L985. 6 4 Se cy or Judge o Elect on :.., ':,y°:; `,=� .�i •- � ',.� ��.' :* � t " , . ._ �.<-..: .,,...;�.v tia - . .. . . . ..... . . . . . .. . ., . . . -.c..-. � _ ...._:. ..: ,._ ....... . .:.T � g`...�..T . . ... . " . .- . ��J- Y _ „Y _' I� ' � . .....�-. . � . . F�, � � _ � Y� `w�-� � _ _ - _r.�. _ .,,,,.,,.,.._��� __ ._ .-,`��i. ' •y,ti '��' :3a� � `��r���i�?, ik i �y���' ��s�. . *��y �� �I I 'I , ���'' ��`�.3'"'�{ �"�� - ����"� z i��.r � � '.,-� " _ , ._ . .. r . S. 5TATB Ot� COLORAbO ) ) ? COUN'tY OF pITKIN ) JUDGE'5 dA7H { ) Cf2Y5xAL ItIV�R COUN'�'1tY E81'A��S ) PITKIN COUN�Y IWlpttC)V�M�NT DI5'CitIC'r 1 i. Jn�" ���/� S , do sol�mnty sw�ar {or aEfirml that t am a citixen d� CN� Unit�d �t�tes and rhe Sta�e oE Cotnr�dnt ehat i am an �l�eenr aE Crystat �iver Cduntry �$tat�s PftRin Cuunty improv�m�nt Di�ecian; ehat i wi11 p�rfacm th� duei�� nl judg� nE el�ac�lan �aearding to law� and tu thg b�st af my �btlityt rhat I will �tudinu�ly �nd��vdr t� prev�nc Er�ud, dr�c�tt, aod abu�� in cdnducttnq s�m8t Chet i will nnt try to ��cerealn how any �laetor vot�d, nor wtll t dtgeln��a hov any �lactdc vot�ad, tE, in ah8 discNarg� �E my duti�s. such knoul�dg� comas to m�, unluss r�qutr�d to do �o in �om� rourt oE comp�t�nt jurtsdieetant and Ehat [ wi11 �ot diaci�s� eha rQSULt oE ehs votiog until tho polis hav� closed. � c ���Ut�f�� O E ElCC Ofl SuDsortbed and sworn to bst�rQ m@ this � day oE • Septambec. 1985. "7 t fiY4G Se ! sy qr Ju ge o e ect on �� ;;. a�t,�'� ��. .� � - � # `?����,s��'.__.._,�_,,�_.,.,�-. .._, . _ � , _ _. =.�; t • r . - � � r.:;:� - _ �,`�. ' _ �,. ..� `'�_, _ :_� . ._ � �..diee ti ' }.. � ;�>� ��� i � � '*.�<���. � " t � . . r< � � - • - i t (ACt�rh Execu[ed Judges` o�ths) i . ` � �. i - '�:- _-.':l.f.: . . . 1 �' - ' ''1� .�.�_:;.'�_-�',�-�� . �:3- i� .�9ii� . �t;�s�..'., . ' ��,:_ ,y}ai' ::�y��. _ . ' . . y`:e': n:: , ...r---�.:�:t..:�. � . -�.=s...�.«-_ . . . 'k >,.�(.� `.��� . 'Dki.�.��;, � 31 " . �j, .... £'°.. .. � ,yy�, � . . _.. . . , .. .n,. . . _.,_ �..._..._.-_ . . . " . ..._..-.,-..---.,.�-..�.-,�_._., ..�, ,..._. . ... . + . . . ` . .5,• . . � . . �� _ . �� '' . _ . . . . � . ` '. S. .. . .. . . . � � � i !r+_... i ---a.__._. ----_ _ _� �. . �;_ � -.t= �.k*. . . -r. —�. 3� y� '� �i. �-:;� ��j� � ' ' ' :� �'���sl. �,"�:�'°F����f���� +� Y` ,,�, 'i �.9 �, ``; �t�`'������'�ty��; '�, . ^��s �� � ,,i�. ''`w . ��y'��. �L �=i_ ' �r, i�� �f r:k�Fil��a:f�+c� �,`:j7«..._._P+ .:�r"y; .>'. -. . _ .. __ .,, ._. �31 � �31 � - -___ - ------ - - - -- - ---------------- � O1�FICIAL BALLOT • .- CHY37'Al.RIYIiR COUtiTItY�57'AT�S pITKIN COl7N'I'Y iMPROYEMENT nL4TttICT t'11'KW COUN7'Y,COLO1tAU0 3PECUL EG�C'MON SHP'i'BbiBBit 10,1985 - - ('I1ie eleetor ahe11 fndtcats his vote by pieetng a cross!x)In the squerg opposit@ the word� �xpre�inQ hts chofce.) . ° "ShnII C�ystet Rtver Wuntry Estates Ptekin County improvc- ment DlstNct� Pltkfn County, Cola�ado. Incur(ndebtedeess lo tha principot nmount of 590�000 ond Qvidenee!hQ same by the lawaneo ot gene�al obifgatlon bonds for thQ purposn o[ r@placing en sacnss brtdgrt and improving roads� (ncludlnQ� w!lhouR Umitattoa� �snding and Ihe Snstellatfoe ot cnlve�ts� ditehoa� and llghttng. tho meximum aet efteetive Intcresl rete to be poW on wch i�dobtedness not to �ccend Qleven __ pe�eenf(1196)per annum�any such ovldeneQS of lndebtedness to mnturo sQrlsAy wlthin twenty (20)yeara from the dnte of • incurrooce� to be radcemable at Ihc optlon of tho Dtstrfct nt � sueh time or times and tn aueh manno�.upon peyment o[auch `' peemium or promiums, It any, not axceediog tNree parce�t ! ''.� (S96)of pel�eJps1�sa moy latne be dete�mined by the Uoncd of DlraCtors3" :9 • FOB'Mi8lNCUttA8NC80F iND88T8pNESS AGAiNSf T11E iNGURA�NCE QP[NpBRTEDNF�S �_YY: •�3� ��ti �� ..a_... . . . .. . . . . ' .. . . . , . ._ . ������...� _1— . '�,�`. � - � . . . ., . . �`:Rfi+: `L �� , �..��,, .. ,. . � R-F�'y.`-.. ��yK��- :'�k'�'",�y:�ir� .R%� ..�.}.. rti a ��;etL•.�e�.: .::�,< • �y,r _�� z. :�`�: � �*� a� ,� " ��;_ �� 5� y�,e a .: ' � ,.�',' --�. f; � y; � ..i • � ._. vL,. .. . . . . . ... . .. .. .. . . . . ._ ... _.. _ � y° . . � , � _ � � "Olftelal Ballot of Qrystat Rive�Country F�tates Mtkin County Lnprovement Dtstrict�in the County of Pitkin,Colaado.tor th@ Speetet peetion held Septembe�10�1965. 4 �/1�i . Lo t a tlanncr County Clerk ,.�, � ::;' �, , ��.�� ;.:�;.i , �; ` r��� . �r'�� r ,� -�-� L;::���f � ::�' . :�. S_,`�',� . . . %`r:?{ . ���r'x9�"� � � . -.'.+'f• . �' . . �3F. �� � _ .�.T'i�* . . � . ���i� ��t��� � Y'C�4 SzJ �i� '�(' '.r . 4 � ' 2:-• „ . . -� .. _ . -- , . . �Y- . . _"_...._�.� . .. . " . :�._._�.__....._.. . • .. . .. ..._.. . ... , .... .. . . .. -�_,...., .. _ .. ..__ . . . .... y . ±.1�_ �•. . . . . .. . . . ........... ......_�_... . ��: '_ . . � . . � . . !;' � , . - . _ . . , . _.. � � � . �. I � - . . ' - �:: � . . . � . ' � � . � � . � � ' ��" r� 'rrrN�E." 1 , ' �; .`;-�, > :=;:�,< ,� . .. ' • �. ���u }y�y3 61��i R i -�.:. -Z . . k. ' 'I� 4 �4 �Y�.. '� 4� � � � � !S t� � r'�� .A�'�j�. � yY�'S''f�f '3 F`� � _ < � . . , .c., ,F ..... %TMn;._��:�� . . .. . . �,�e- _ _ ._ _ . _ .._ _ . __ . - . _. � . � f ' (Attach Capy oE nfFicial 8allot) s � - I � '==, ,;W :'y *rY � IT IS HBREBY CERTIFIE� That Cho loreqoLng is a truo and '�„ co�roct copy o! �ha oEficlal balloe uB@d Eor Eh@ Crystal Rtvor ={ Countcy SsEatea Pttkin County imgrovomant District Specta� � � Blocttaa h@ld on Sept,embQr 30. 1985. „�; IN WITNESS WiiEREOF� i hav@ hereuntQ aubscclbad my nama � and aEftxed the soal o! the Otstrice, this lOth day oE Septembar, ,``� L985. ;`.w�.=) . •Wq. ^ , �� �� �'� • '• �� . � ( Sr6AL ) � SecreEary ,r� : - ; fr c: _ �__ �� �� � . '-.� _�..� � � � � - 32 - , - -�_�.._. �___ , _ __., . ; . - . � � . • - 1 . - . . � 4 ; .;�:-���.:,�. � . � �.i . *i , ��A:.4 �'� �� Ir..v' .�_r � ..''Y�j• - �' ° :� ��� �*' �s'�` I _ f £� `. �r t,,.��`+Zp ���:���� f�i�ca��� a.�,'` � c ` i' �, -•{'��r, _ �:: �..u�-:3w.�' a:."��=�,..,.. . `:�.x*.'•-- : - S'TATB OF COtARAbO ) ) CEttTIYICAT� Ol' COUNTY OE' PITKIN ) ) ELECTIOti R�TUkttS CRYS'CAL RIVER COUNTRY E5'�AT�S ) pITKIti CO(JN�Y I�tPROV�HENT DI5TRICT ) I'C I5 H�REgY C�[t1'IPIEtl by the undersiqned th�E w�e t�re eN� duly �ppcsineed Judges of the 5pecial �lection neld In Cryscal Rivec Coun�ry �sta�eg Pitkin County tmprnvement distrirt, pickin Coun�y, Colar�do, h�ld �� 66 Cry�tal tane, Crystal Itiver Cnuntry E$tae�s s�nai�c$inh, Pttkin Cnuney, Calaradn, dn 'Cure�d�y, 5�pe�mb�r 1d, 1gH5, at whirh th�ce wag gubmitt�d t� th� qu�1lEt�d eleetbrs nE tN� �igtrire th� qu�seion �E inrurrtny nn ind�abtadn�as � oE the Dlgeciat tn th� principal amoune oE $�d,tlOtl Eor eh� purpos� � oE replartnz� an acceg� bridg� and providing certain ser��E imhrov8m�ntsi that �Er�r w�a had quallEic�d by �akinq our oatha �E oEEic�. w� np�n�d the polls ae 7:00 A.M. oE aaid day aad k�pt tho � polis open contlnuously until 7t00 P.N. oE said day= ehat aEter cloain� th� polls we count@d th� balloes ces� Lor and agatnst the qu�stion which was as Eollovs: POR ACAIPiST TH� INCURRBNC6 TNE INCURR�NCB OR IFIO�BTEDNESS OF Il1DEBT�ONES3 �alloea cast (etxcludln absent voEe�'s 9a ots : �'� �_ . 1 Abaant votar's bAllota case: r. O - ?OTALt _� O i ` � r ?Aa whA1Q nua�bar oE voEes caa� at said aleetlon was ��• The num6ar at excess bal�oe� 1i.o., tha numbar o� .'��� ballAts ln the ballAt A�x whieh axeeeds ehe number qf names in the t poll be�kl ae sai� eleeei9n wa� ,�t,6�-� The number oE unusad ballvt� at said elaetio� uas 30 . �ach af said ba114t� ++a� ec�st at said aleciian by a - '; ! qualifiecl electcir s�E tha Aistcist, and no person possessing prQper < �- ''•i �j - 73 - :. .., _<'r:4 a'IR�r•�:�� R', j.'�•� �#�s�ak "� .._,._�._ � ���� ��,..�;- � ��J ,� . � . �, �"«. � ,���� , �d.�tw -�..�-..._. � +��� � �� � ��. , �" � �"� � ��. *,����;�`�:� � �? _ . :�, > � � � � `.�� .> _ , �� '�.i� F ' � . ` �� � ��... l. _".. y_ �:y' `�` 1�,_ . � '° S : t qn�lific�ttdns was reEused the privilege oE vo�ing at safd � plection. _ IN WI'�N�55 WH�tt�Ot�, �re have h�r�unto subs�rib�d dur � namex, this 10th day o� S�ptember, 1985. (�'_,,..�.1 � ._ � ( f � l� uag�ts oE B �ct on `<,r i .::'..:��• . �'..k `-.�'E.:� � . . �� _.s� � R S i.`i � . . � . . �� . .�,�f �:, � _ti�, �,� l� w;.,, �.�„"'t - ' ,� �� - `f . -�� _:y;�� :;:+t:?.;q�. . . . ' . . . "'F,t . '.sS .. . , � . . �.. - 34 - . ._.�...�_.._.....____.__ -----.- __-__._ � T . , . .. t. ._: .. . ..,_ _..__ ....., ,r_. :.... . > � . _ � � . ' - _ k :� ' i��. • • .4 . . . . . . . , . . � 1'�." �''ki.r�^y �--. _ �e.w= .,.�..��� , � �,-' ^��. a a �s,^� . ... . . " -�9ti 'V � .�" � �;r���. r'i �'�,r cY�� �S-`�4.� '�" ° �.��j'r�a.��7r1wiW���• ��•T a ��� . . .. . ._.�Y��-.{. -c+ ". September 6, 1985 STATE OP COLORAW ) ) �OUNTY OP PITKIN ) ) C[tYS'CAL itIVER COUN'tRY ) E51'AT�3 PI2'KYN C�UNTY 1 INpROVLM�N'C Dt5'Tk2IC'C 1 NO'CtC� Ot` �P�CIe1L M��1'tNG 'td 1'H� EIUAIt� Op nI�t�C't'Ap� Ot` CttY�1AL ttlt/�R COUN'PNY �STA'CES pt�ICEN . COUN"CY LNPIt011�M�ti'C DI�TNtCT AND `Ctl ALL O'fHER p�lt`1UH5 'itil WNOM I'C AY �ON��FtN t Nt3'CtCE i� NLItLgY GIV�N, pur�u�n[ ta S�ecton 3tl-�tl-51L, C.It.5., ehac a �pecial rn��tthr� nE en� du�rd nE ntraCtoru o� tN� Ccystal itivur Cnuncry �at�t�� pltktn Couney tmprnvaia�nt �igtrice, Pitkin County� Colorado, wlll be Nald [n the Pitkin County , Courthou�a, St16 Easc Main Strc��t, tn Aspen, Colorado, on Wadn��day, 5optomb@r ll, 1�tl5 �e �ttl0 a.m. A�ENOA 1. Cam►asa r�turny �t EB� �pecial Ba�ctton hold !n !h� Diutrice oo Tu@scfay, 5aptemb�r l0. 1985. [! such alae�[on casulead toc �ha tnaurrence o! . [ndebtodnega - 2. Hold a �u�llc sala E�c the Distrlet'e t;enaral Obll�ation �nAS. Seria� 19�5, in the prinetpal aawunt AE 54a,U00� and authocise the� iaeuance �� - satc! �onda afld provide �nr Eheir paymant. 3. Any other du�inaaa a+htah may eave baEore the liaard. =t <, °a ';>� ,,i � ...�,�: .. , _.. .... __.,. . , : +. . f ��� . ��'`�`7!' . . �``��`E^ ° - - . _ - : �.-�,' �. . rJ ` , �:-; .:C . s-Y _ - �� _r w.. .....��.��._�..� . �.�� _.�:�.:, ���: . . � ' ?�y. :.� .,�^ 4- 's," �t'„"y� . _ •a�4� ` � � � .f. '�s� � � o��� x.,�..a �:7;j c;¢g�u, � �� � ..t. f�. j'� �=, .`�4� � ^^'� [~ � . �.r.._^::. .. .k�'�J �i.+� .. . . . �:i� .`_.. f�CEIYE�fiNA�CE SEP��'8� ' � " The Aspen Times Box E Aspen, Colorodo PROOF OF PU�I.ICA'iION � scnr� o� to�.onaoo � Ccpy oE Notic� r � � Co�Mlr ot N�tkin � F �� ,.!>�1i'it"' �:- � ���t�Y do aokmn��� swrar INat _. _ } �� ?� 'li ':^r i sm�hr -- ----nt t11C a3I'��t1UE5: iIhal�ht rsmr is a weekl} ne�.�per p►;�,ted. in whq�!`qt i11 pati. IY '1 and pu4ltfhFd In Ihr rounl} .,f pilMlb.51ate ol CnlMado,attil has '� s grnent rircvtalihn �herie�n: tnal :aiA ne+•paper ha� bren I�ub �+�� � IW�ed cenl�owiwlr and n�iMerrup�edir in �id Ceun�y �t hiUiin. � �� � tnr a perind of m�e tMn t�fl}��.n rnnvcui��e wnk� nrat �rlor xw �o Ihe fint publkslla� ef 1hr onno.cd kfal na�icr rx .d�ertisr °i�;N,.N„� � 111tR1;(Mit S71W fl�zp�ppf ItY!-Iw�[tl aMlMillCa)Iq!ke l��flld�SI111t3 M� yM 1 ma11r as seiw�d<Iw+s mruer undEr �hc praat•�ans af ihr A�t of � 'a. f � � 71�A 7. (� w .nr rmendm�nb thercal: •eM1 !M� eaid nr�s� .r � 4 paper Is � •eeklt p�w.pr�pr� du�� qdalific+! far publi.hing la�,al � nMkes aad ad�a�IttrmreMS rah tkp mcanonq �t �Arr lars a( the r �'�"��� Sia1e et ColarMto, ���+► , �,�n,�,.v+..�.na w.r ; Ths1 Ihe an�eErd Ir�C.I natirr ar aw1�rAl.�mrn1 Nw+ publithe�i in 14e r�{u{w �tM @M{iQ 1iNNP af r�e� nrmWer at said wMkl�r oerspaprr lar �ha Pvnad al ? ca�!tcvu�r ln.erlinns: and a �ha� the lint puhliri�ian ar iaid aa�ier ws!� in �ha iuue �I uid . + ae«rspsper datE.1 A4'•"�"•�� �Q A.t/. Ip�and Ihsl Ihe WI {wbfi�stina W �aid nalirr Mif 111 IAC I�ItN U( wid eer�. � WOve'ds1Rd �•'•ft c,a!a.!?• i A A-. IR�-�� ' �4 ��rf`�,������� . ii 1 bubterib[d and�r'arn�u 4e(ure me.a nulary�puhlie�aM!(ar �Count o1 Pi�kin.Su�a M tolend��s�:.day o[ ': �,[�,, � A.P,te�-�+ � . 1 � � �� ���� :� rn rue�ic !!y tommissloa e:pires . I� � -1 ;µ� �� :1 "_. �:r...._.._:..:_ . .__.._ ` � w ..- . �� ��' ' �r_ " ; _ - . _ - _ � - ��; � . _ � ' � s: !� ' :�,�: =::�=� g��+� Y`+I�� '�.k .�.k 3 . .=` 'g,�l�wl��l�`WSY ,�x �s� �,� -s� 2t4.�7; - F x. � c��t� -rt a l. �.. ��' =���� ?'��e �+.. . . . �. �a. '�'.)� -1��'� ...,'l�l�} ``.. . . _�� . i S��x. :":�� . 4 �, � � .. ..+J �'1. Md:;?£�"t�r - � y _. . . +�.,�y.,� . .. �. ' - _._—. � . .�i:�:'r ^4M,t..-:.F�V+i--r'1+1.'�:. .. .. -atf,e.'.J��°t.r..:^ . 5TATE OF COLORADO ) . 1 COtlNTY OF PITKIN ) ) CEilf3'fAL ItIVER COUNT[tY ES2ATE5 ) PITKIiV CUUNTY I�fPROV�4ENT DIS't�tICT ) The eoard of County Commissinners dE pitkin Cdunty, Color�do, ex-dfftcio the gaard oE nirectdrs oE th� Crygt�l Niver Cou�try �states piekin County tmprovement nistriat, mee in speci�l g�s�ion ad the pitkin Cr�un�y C�u�thnus�, SOG �a$e AWin Strpet, in d�pan, Celdr�do, on ►J�dne�day, tNe Iltn day dE 5ept�ember, 1995, at th� N�u[ cif 9sU0 A.4. Th� loll�wing r�mber� dE th� ��rd tiE Uirereorg war� pr���nt, cdnatieuting � qudrum: Ch�irman and Pr��id�ncs 'Chnma� �l�k� Dir�ecor$s ttob@rt Braudig Nob�ct N. Child Ilel�n Kland�rud Goorga ltadsun Aleo Prosont: AbaQnt:.���l�t.:,�_ /11f fG•,... ', �s Th� S@ccatary aE the D[sErict reporead Eo Eh� �oard oE . Diraceors ehat the p@r�ans ael�ct�d to act as @laction judyoa ware unab!@ to aerve. The Secrstary thon pcaaented !o the 8oard thct �awes oE�� . �`'���t�.. �-��_Llt-^-�• and �_ __�. ; ece6Fa� oE the Distrtct. who wera appc�inted 9y her to acE as aleccton judgas �or the Distctet. '1'heceupon Che doaccl approvae] �L thQ selectian Q[ satci p�esona and rati�iacl the aetion� oE !ha �acratary. ihe Secretary oF the District than pcesvnted to the eoard oE Directors the retur�r of the Special �lectio� hald in the - District on Tuasday, septewber lU, 19$5. Yher�upan the uoard aanvassed such returns, and it appeared tberefrow that there ware cast the tollaring votas: , h ._:: - 36 - ,��;,:;,_. � �.;��,_ °�r.�� �>.< ' �. _. �,,�,�„�� . _ . �,,;�;: ��- y _�'�Ff y��i� ' ' . l. . � 5` — 1 1 ;���li,: � ��; `;.`. .,,;v ��= ;��*�r;��M.,.. _. . .� .�.m . _ _ . �_. _�.� � �- .rv__:_..�,.,�.,.. - --v • � �.�: i�:..� '^.�'�^' .,,� `�' ` �`_'�- "`�3i- `��-a r .a�` .�,���x` � '�, � +�.'t.Y.i. . . � ���-.�:� . -`. � E'OR AGA I N5� . 1'NE iNCUitEIL'NCE 1'HE ItiCURlt6NC� oP INDEBtECEN655 O!* 1Nb��s?�UNe85 fl�lluts casC�(�xcludind � � abs�nt__v_nter_s Ballots): � __ ._.___ AbSent Vtitet's ballots ca�ts Z U 'tUTALt � � it appearing th8refrn�a enat a n�jnriey oE tN� �ualifi�d el�ctors nE ehe gi$tri�c voEtng in �he �ieeti�n having voCed (Pdtt) tAGA2N5T) the gu+��rinn n� incurring an ind�bt�dn�gg oE �h� UigtricE in tN�e priaeipal �muunt df $�U,tltlO �nr th� purpo�� nE rapl�aing �n �Ce�s� bridg� �nd prnvLding C�rtain str�et fn�rnvn- a�gne�, Ehe Ch�frman d�rlarecf tn�c ��id �1�eeion rugut��d (PU1t! � (A�AtN5`C) ffiu�h qu�gtidn. 1'h� �oerd n� dieraGCnr$ shall e�ug� � C�rttLieee� oE lt�sult o� �1�e�tdn en ba prap�r�d imneriietely a�er�r t�� conclusion ot this a�c�aeing. 'Che eeeet�ic�t� oE �uulc oE @1�celon shall b� • in subsE�netally tha tolla+ing Lorms _. .� ��� � -�i*i - 37 - :`'�:-�4 M��_, '�1 . - i __ ._ _ .. _ ; . _ _ .. � . ._;.._. � �� . • _ -�r�. ' - � � �~ ' . - . �k :�<. . ��-,a,, ..�_ +- ;: �� r_ . � �. � - . . � ;y'�- . _ . �� I�� �i � �� h �'�. ., �'�' �'.'Ff:. �� . ' _i �s'° 4ti' . :� ,t„ �v� .�'c �� � �«.;."—..K,.�'.�' i K�..�S� < <��3_ . :K � ..., ��H�y. _. -s� t 5TA�6 OP COLO1tAD0 ) ) C011NTY OP pI'tICIN ) r ' � CKYS'�At RIVEft CbUN1'itY �51'A'��S ) : @t'tKtN COUN'I'Y IME�ltdit�N�I�FT' Ui5TttIC'C ) C�IiTIP2CA'fE 0[� it�SUt'C OE' EL�C'Ctt7N Each nf the unA�rstgnpd Nereby rerrilie� that tRe Enllowing is a true aad cnrrece s�at�m�nt oE the resuit nE the 5p�cial El�ctton h81d in Cryse�i Riv�r �auntry �states pitkin Couney Lmprrsv�m�ne Digtrfee, Pitktn County, Calor�do, nn Tuesd�y, S�pr�mb�r IU, 19N5, at wNieN tNgre wa� �ut�mitt�d to th� duly quallEied �l�c��r� �E eri� Btser[ea th� followir� qu�stione "Shall Cryatai Rtvec Countcy E�tate8 Pitkin County fmprovem�nt Distrlet, Pitkin County, Colarado, ineur lndabredeaas [n the principal amoune oE S40,b00 and 8videncer ahe same by !h� _ iasuance eE generai o�ligseion bonds Eor the purpoee ol� re�lacl� an acc@ss bridgQ a�d tmprovir� roadar Lncluding, wlthout liml- tation. grading an8 ehe trtst�ll8�ion oi culver�e, dttchcea, and 1l�httng, eh� maxtmum n�t @EEeecelv� LaE�cesc rate eo bQ patd on auch iad@btodnees not to axceed Lla par annum, any such evidences oE t�dcbCadnes� !o mature asrlally u[ehin 20 years Erom tho 8aea o! incurrence. Eo b� red@amablQ at tho opeio� o! the blstrict ac auch elmo or ttmea and in such ma�ner, upon payment at such pcemium or pcemiwas. tE any, nnE excoedtn� 3i oE princi- pal, as �aay lat@r be dotorminad by the �oard j o€ Dirvelora7" FOR AGAINST TN� iNCURR�NCE ?HE INCURRENC� OP' IND�B?�ANE�aS OF INAEBT�DNESS � `'• �allats cast (excludinp � � '� abse�t voear's a ot� : Absank voter'� ballnta cast: �- C� TOTAL: � La '-;} _ �8 - =�`:'* �_,,. �� � l, . � �� c� _ . , � ,,, . - ata� ;�'��' 3 • ' - a . :� - 41 . � � , � ��: ��.:k�;, _ * - � ,_.__ m ..�,.�, �a �. , � �,i _ > `��-`� ;�; - . • � r. ; ..- ,� , _ ,� ��,. #:�, z ��� ���- ��' ::� `�'�I . - . : ,,, 3 ,� ' , }�,;. �i�,,,� � ..� � __ � .. .. ;�;. �.� . .. . . IN WITN�SS tiBH�REOp, �he tloard of dfrector� af �rysCal Rtv�r Gauntry �states Pfckin County Imprnv�ment Dtstric�. Pitktn Cnunty, Coloredv, has caused this Certfficate t�i be siynrd by the Cha[rman of the district and f�residpnt of the Hoard oE birectnrs, attested by the 5ecretary oE the tloaCd, and sealed with �h� ,,,pEEi,�ial seal nf ehe Uistrict, thi� llth day a� 5�pEcrnber, 1�85. '. . • -.. . �f � ��i��"L,`= •� 5 E ;A'L�;1 / Lbt�t e + c �� Pr��itl�nE ane Cndltman � � � •r .'��`: AT.TE3;C�% � ;c,�� �'a� � �.� se��Q�� .4:q:� �.,t --_.:� . � . . . . . ..�.�F�? � . . . �'S . ':'?''-_ . . `�J�-.::.. � . . v��_ �b`R :`4=�'!;`&:' � . � . �� `*` 39 ��'=' + — � � : ,,,_ � `,� - , _.._�, _ _ .__,. ` , � . � . . . � 4. ..�, ... , � _ — � c�.;. _ - . a . . . . _ -.� . . . . . . . . a l�i. _�_._._._...�... - . � :�.�: _ �_�Fr ` i. ,�°+ t�"�� x�� '�-"�>� ���i.' Je � � . '��C f � ��Si t4 yei� h, �� .iu _ . F�i1C r�� y.�� � t�¢��f ` �!' � �.. �y ,K � � 4�.+�,_ �{.(i�# � #�yi"i?et��`���3,�< � '. �..��y�i-dY . .. � . . ... •. � . �. �...,�'_F '� .a.��� ..�,- zi^ .��:4�t^'�6=.. . _, ' . . Thereupon, Director��� �7r'� �., introduGed a�nd � taoved tt►c edoption of the Eo1loWing Etesolu�ions . RESOLUTION NO. 85- �b� ' WH�itEAB, the eoard oE blreGtoCS (the "lbaCd") di tltt '"CrysCal ttiver Coun�ry estates pitkin Cdunty Improv�ment Di�trtat" (sic1, in pitkin Ccw nEy, Colnr�clo (th� "Dis�ricc"), has submic[ed th� queseinn �E inrurrtng indebtednegs in ehe pr[nrfp�l amdunc o� S40,OOO for th8 purpu�e �E replaaing an ACCt2�9 5ridg� enci pca- vfding certain ��re�c impe�vem�nts tn �h� queitFted ��Bec�r� nf the tlistrice. at � sp�r��1 �l�eti�n h�lct �an `tU�a�day, S�ptamb�r ld, lgflS� and f WN�R�A�, th�a go�rd �anv�ggctd th�c r�eurng �nfl eh� Cheirna� oC tN� dlgtrirt d�clarad eh�t gatd el�¢etidn r�gult�� Lnr th� Lnturr�enr� a! sueh lnd�t6Eadnu9�s �nd t+1tEREAS� publie notic� oE s�la Invlein� btdu �nr ���@ral ' oblig�kion bondg authocta�d at e,�td alaettan has D�c�n �ublish@d at ; la�st onc� a ��k tor ewo eonsacuclve wa�ks tn a news�ap�r oC ' ge�arat cireu2atLon in Piekin C�unayt ane tA1�R�AS, all �ida wMlch u��@ rQC�iv@d prior eo 9s�� A.H. on Nadnaeday, Sapcemb@r tl. LNbS, hav� b@@n o�ned and Eabulata�� a nci � � ��nsaeAS. JLULC��►.rrt.,�j�_.� c-�, ., of D@nver, Calocado ha� submitted a bld [or aat�i bonds, boacing Lnt@ro�t at a n@t BEtective 1neaFest rate o! JI.�sU ; par �plitlMi and ti#iEREAS. iE appear� eh�t this bid is �he beec pid • SUbla'itE6d €Or sAif1 b�pds7 TN�R�FQR�. dE IT REStILV£D QX 'fNE �OAAD OP DIRBC7'ORS OF .. CRYSTAL RtVER COUNTRY �S?A?�S PITKlti C9UNT1� I4PR6V�NENT piSTRLC'C� PITKiN CaUMTY. CO[.ORA90� Section 1. Award co Hest Hidder. The pistrict's - Gene�al OblfgatiQn Ekands, Series 1985, in khe princ�pal aaount of S40,OOQ Ithe '�nd�'), aee heceby awardad �v ����� /�Qj�,� � . �J� . (tha •Purchaser"), in accqcdan�e with khe ikems of kbe notice 9� sale and tha proposal submitted hy th� NuKChasec, anQ - 4U - � :�� _.���;�- y`"'�«..y»'..'�� � - . a._ _ . �s..��- . ."rF�t c � . - . �i �' � - �ya.���'•`.,;..f.' . �..et<� � . . � . ��+5:': �x.:: �° _t�=:�;r:r`-: _ ;_ „y�, ;.�,`:.- � ��,fa. --�5ss. :...+...�. � o �;i � � '.Xs.iY w;f2t.� . t� ,..�. ._.. . _ _.. �.Y�,..-�,�.. � �; :`��==�- . ,�, 5,�� ,Y;� , �! .. `� �`�' - ""^� t ���.` M����. ': ���?"�.� � �.� "�•s�� d>� .� �fL ?'x. . ,� �'-'p. ,f -*',� _ p«, . .�. `i�� . . . . . � _ .. . . �4 ._ .. ..ti>-'f4. _. . . . i . . • ". .... .�at . . N_.�.r+r. . : .. . . -.-...-., shall be delivered to the Purchaser uQon receipt oF the purctlase price therefor. Section 2. pelivery _of Bonds. The �oard oE flireGCors c�E Che DistYict sha11 do eny and all things necessary Co comple[e the delfvery oE the eonds to the purchaser as indicated abdve. S�ctton 3, ttetvrn a� Cood E'afth Ueposir. �he 5ecretary di the i3iserict is hcreby clfreCted to Yeeurn the dppa�iGS d� ail unsuCCessful bids. " 5ectinn �. 5�vpcebilitv. 5h�uid �ny part nr pr�vt�inn o� this k��alurinn b8 ad�udgad unenfnre�aabl� dr invalfd, �ueN judgn�nt �hei1 nde a�Ee�t, imp�ir, nr inv�itdate �t�� r�m�Ining � pcovi�lnng �� thi$ R���luei�n, te betng th8 in��neldn th�t eh� variou� pre�vt$i��� h�r�a� sr� ��v�rabl�. . �':.�'r�'-� S�CCIdfl 5. N�p��lar, Ail aeC.�, �rd�ec�, r��lutiaas, o[ pact� ther�nl, nE th� aigeri�� th�t arg ln�onsi�e�ne oc Ln cnnEltelC v[th eNi� tta�olution ar� h�r�by r�peal� co th� oxt�ne only oE auch incnn�tseeney oc ednlEll�t. SecE[on 6. �EEacttva Dat�. 1'ha pcovtslong o� this Resolutto� ahail take a�E�ce imm�dlat�ly. ! ADOP'TED Afi� APNR4VE� 'Lhis llEh day oE 5aptember, L9d5. .��{ .4w 1'� . ; :'f'`� rrg � A� c� ) : .i • Cha r�ean -- " ; , , - y ATTES?E�: ... i ;, , � �.f�C�����:TG�//�?�.�/� , `,; . &earatacy -;.:»_' ' � �� =;�;:; ::; �' - 41 - . �:'. r.:' r: ��� .. .... ....._. .....,_ _..... :.._ ..� � �. ��.... . . . . . - . . ._ . . _, ... �.,...... . . .. . .. . ... . .,:. _ :_.. _ .- �K' . .. . � . � :,,� ; F. . - . �� ?� . .;s_ , ::�: , . _ x. : ,,_ i m_.. ._�. _�_. ._._._ `_._.�.... . �. .^��i, +� . .'" ., ' .,,� ' .F� 'I'rti�i°� ��, -�'��c � ,�, � J � R�� �:.r� <iJ j� : _ �� � _ 4 .,+ �y� .Y � _y,. r<y _ � ., :3�`!' ..�.a . . �c, . e a - . �...i.....c_._. � • _ _ . . �Ya . _ -. . .• ^ ' � ,� The motion tor adopt the fore!going Resolutfon Was duly g�cor�ded by bireator 1 I�O�... l��. i��.X put to a vot� and rarri�d 4 on the fullowinq recorded vcite: �'hose vntiny AY�: Direators: Thumas Blakp (iober4 �r�udis Rob�src W. Chflct N�len Kland�rud Ge�rge ttadg�n Thoe� voEing NAY: Those Abaenl:��� � �....� � L Thec�upon the Cha rman �t th� m�getng dgclar�d Eh�a R�solu�fon duiy adopt�d ancl th� S�cr@[ary wass dtr�aet8cf to �ntar . :<��; thQ fareqotc�g proc8edirx,s and R�solution upon rh� minut�s oE geid ;;�: Board. k.; - -,�,, ��� °:�->�; � � � � � � ,'{:� � ��'�;; .ti�:� :�, �3,: �'�:� � .,;+ ,.,,.� :::-� _:_�;{ '�.: ":I ` �� 42 � - - '. -�� � � �_ ` _. i - - `_ �. . . . � . . , . .. t... . � . � � . � . . .�` � . • . .. l' i � - . � � . � . j •n . �,' s:i'� I __ w�. __ __._ __ .��._.__ , __ +� ,.�,_ � t t:;� .,�4 �,S „.'.��' ' ,�.�.� � t�' � ��"� � 1 �� . �_.._ ?�$��� _ �;� - - I {. I ���yi,..: 4 t ..ti � � - -_ �>1`���x � ..e' �i"'�.��.. . . . . ��T�. .. f : � ew�igi�r A � - (A�C�Ch AfEtdavit of t�ubliC�tion of Nneic� d� 5ale) ,se;.,..: . � . � � . `�::• . . . . . . . -.=�e'� . . . <,;,�,; . . . _ ..r_..., . . .�:.t�.. . . . - . . . �.��-' � � � . ��.:'; . - � . . k:c�r4� � . . � . . :..,w,�, . . u y" ....F... ,� 4� �...:�. . . . . . . . . � �,:'i r{? . � . � . t i 4��:� .=,F�; �: �`%�� � � � .� '`'`::°3 � r'� - 43 _ �'•:' t �. ee� . _ - - —._ ___,_........__.__.. .._._.�. . ._ _ .,__.:.. .� ..,��...,_r�..,. __.__.... .�` ` -•° - __ � , . - - . i . "' .. � . . �. . . . _ i . . . .� � . . . . � • � . . • , � . � . . . . �. , _ � � . , . . �. "� � . �� � . . . � . . . 7 � _-�:_� � �� ;�,�`` ,� � � ,��• � �'�,< ;. .s _�`-: #�� �_. n. � `.� t. .. � ,,�.;: , � �XHIg2? � 1Attach Lis� o� P�rs�rns o�r �nc.ities to tihan the Not1Ce tlf 5a1� M�5 PoCt►arded) � s:q; ; i i f. ,4 ; "'`'j . . . � .. � � . � f ''� . . . . . .. � � . �{ i � t � �.i � �. ' .. �'. � . � t t " � 1p � • F .:� - . � � � .. � ,� 7 - 44 - i � $ � � ..�,.•.R.�«Y.-.���-�..;t-�--�.�..sn�._.�.,,,,r- ._,.:-,. ...,r.;..� _ .>,., .+--,_,-. ��,_�.,., -Y.:..„- .. : x.-�.w»-�......_ _ i . .. . � � � � �. . ' � ' . - �_ - \� . � . . � � � . '� �. 4 � . , .. ��� -/ � . . � . r I _.. �a. _._ __�._. , �`j•; . . - . _t�� ..fi' h�x I ';,K.'�t ,& ,.,.�':�y.."t>,._ . ,a.. �' �����.Fr' �t a..,�� "�s�_' 4s::_ ..� � =�� � .�E`:w.���.L�..fu..a.i�..w��..,�, 4; __. _e . �y� _ . _ . ,. CiltSfAL ltI1711 COUrtfRT Ltf'AT�PlfEdl COUATf t11PIlO�LtEMt DB(NICT OE11E9A109N(iA7fOM WP110Yt110►tBDI�OB SER10 S�Y(�IB$II 1.flti fN.M� '� PtlpCNll46170P09A6 Lnte1G B�� 1,1pUt�G`Ietk�nd Recotdet.tt O(ticb 9eefclM� � dp1N RitN lmdtrt islatH PitRin Ooont7�mptoe��aebt bisltiM SOi Fatl d1sM Sl. A1peh.�O tlill r,.�an+a.nce wim u�e otne�.i eb«e er am�a ak,asi�a a.gw:t,tffs,u�e.nae+s�tn�a e�neaf s.emn ukr ae ter ar prtcn.ae at�ne cys�s�xrrer aa.ntr�ts+.[es pNrih cc.nry�arpro�.eiamt adrict.seetes septe�.ber�,tas,In 1nr.�ee�tr P��a+� Nhoont ot l�0,000. � tbr»+���s►rn.�a tla+ds..f araeri6ed b s.en w�kt...e wIn tia�}a+Urc pfMekM►.a�ooM uK+eot�aa.aanea Inkrei� Urttean to�Yee ar IfKif delirety lu a1 haar Seplemtiet i,lfas fx att ot tae(ibA71f iMidett��nd 6earYy infeeet�f t9ib+ri� rr�aa� rt.r� N�eres�a.�e ttr�e�.l re,r, Nec�Il,�e ,L��3 �l�..�� .�'�°�� �3 �� [OtfJ_ibA+m2 3,OM 1!K 11.0� LI.OId Hfl 11+� j,pp �yy 1.40 i•ir0 nf! 1 .�00 � i,wi tsu �T� s.eee t�u y,� inr 11.00 s,� �fs� 11.(10 �.�w t� 1•00 0.tw �»f ,u,�� ' Or e�le.r�ron 1,�ie�ee put ef uli dMler ue n�cv�t ce►t hv.��e Ws�r,Qo�palra(eoe lkpleawr I.Iftl,i�� ti�aNitaerHfEmt� / �$•4�0•� Ne1 YIerIM Otf1� f 3 �7A. - Ma�wt.r.r�ste� i L QO O�ekiM Mere+iie�b�Qatitk0 eMee�drsw a+,a r au��w'f�x Inr*wn��ef•��eke�t O�ak a t�r�Qe�W�►.P�rieM�e liie a�er ef uie Cryalrt IU�er Cw�1ry laeel�R1�w�6Y+�I�r Mpiertwtwi tluu�el a Uee s�l et 1q0.00,�t�IlaO w�l 0e ieiw�[0 te • ue r0en�pea�t uw a0 u.a««pea. u ue+nan+Ipod eee ue�cae�te�eiri�rs..A,e+a pl�.�Iee4«renee�e.e�epl ue MOi sel�m IiMw W a ce�pttle rd psy d�Mr M eesad��ae rinM t�MC�w aot Uzr Db wltAin 1�O�qs�hn tlie ts�0�are � W�feA ht dt111lf�'OJ(M tl1f1►Nt�sKA tM�F��M1110�IMhNed(o IRf 813UM1. ta.waa�q ao.,�«.eany e�u�e�.w o��.�s ey u.�.�re,+••s a,�r.x.f.t.,A1lereeYs n f��,iN 17U �I/!!f�lYltt t30f�ik�fE►r CO M1�t.wAOSt M�qilN�itd,IMMi.arprovMg0pM1�e�tISA1M11/N lilt kIR1 flllM YI 111!OffltMl MOliQ! ef YOd lrk�1Q6liiln w�li ItY�p Mlld NOAOS Md�I�lIQFO 4WEf 1 Of IA!�1 1 pIOClEdi�f.isafdAl/l�s!lMIf1eN!!lalill�tMsl tlkt!U M 41WIIM p[Ild19g�f(@cil�IIM 1�Alidil.y OI iMt�in�i Il5�14t 011Q 0/Lil�R OtpMlry•�+111 0!IfwlllYlld 10(A!piNCA�lEf rltliwt dsrge. �� DATta►e+u�s 11ei1d+yerSrWe•eEey1l�t. � �.li,S! � ' F�relu�r �lwr� b f.�qku�y 7l7 11�h S[r�[. S�iee '�.'70Q ` Den�r, �lcarucb SA2A2 . _! r ! -:� ;..�f��f�� i IWt iu0 Aep►o�nu►Ike t " { - _ ,! 7Mnlwsof4iAdeVar+�wM�O�r�skw'Ieq�eAe.• . lM?�e�e►�[P�N1O¢+IweaptMeefitpta.OEr�lf�i. � i �,RoA1�p OP PIR . � — -- � • .��s II�asaql �_a 3�; ._i{ ���,^ _ . . * t� ��Z r. �c�i�� � �„i'""•r%"',�=. . . �'y�f'��A'. 1 . e����.�� . � � 3} . � _ Ti{`�'�'. � � . ����1�. ��£+;.�� . :;�'rt��. . . . �., r s� ' – .`.� ° �` .`� x.. � . .�, � y ��;� � -��.:. {�,�� '_,� .� ¢$�. � � � ,� ,. K�.� e�'�i; � ,.: �,. ... .. Fsr.}._. �XHI�I'r C fAtt�cH e�py dE bpsa bid sulxnttt�d fnr �he purt�ha�p of tts� �ond�) -'_? ..;:;." ��.;.,�!,��.�, � � . . ��.,� �� ���. .'�k:»�:A�.;. . t 4,_ f....Y,r:.. . . ky.,.:� � . ' . ��$Fi �� �x .."r.��Y:r.� . •`tf .i 4 .TM� u,�Y1 � . .� � � �x� =i ��s-t�,�!i . �� . . ���s»� � ��� — AS .. � -� . - � � - _ � _ _ � � , ' �. ts«.'.. �`fC , �� �:r.�:=: '�:� : - .� „a t .�s x ;s'rt,» .�.,,�; 4 �„�,� -� ,~�� �r � �, + t fT��t* l-������` � s��s� k :�' r� � t � .. .� ,� _s4 b s�'.'�}^�,,;e���'3�.� ..� i� .r,� . .-.. _._......._ .�,�ss.L�J:-xi.a_.: .��'�tiG:.'.`�G G .. _ �ti .a u .. . __.._ .. . . Thereupon, Director iC��i� Ll'.l.l_4�bintXOduced and moved the adoption of the follos+ing Resolution: _ RE50LllT IOiV No. S 5- ��� t+HeREA5, at a special election of Ehe qualfEied �lecEors c�f "Crystal River Country �states pitkin Caunty Improvem�nt bistcict" (8iC), Pitkir� Cnuncy, Colorado (che "bisrrfar"), duly called ana held nri Tue9day� S�p�ember 10, 1985, in acrordance witn laN and pur�u�ne t� due notic�, � majoriEy dE th�se qu�lified t� vdCe �nd votin� aC saYd �teetion vvted in E�vnr uE ehre fnCUrrenr� o� �d0,0U0 �E in�eUtednegs E�r erie purp��� df r�placinq an ��eagg bridge �nd pe�vidin� certain gtteec imprnvam+�n�s .+ithin th� bit�tcicc= �ntl WHEREd5, ch� r��urnffi de $eid pl�rtion wac� duly : c�nvam�ad ancf th� ��tsult ehcrren� dnly d��largtlJ and tJH�KEAS, bondg in th� prinelpal amoune oE SAO,dUU have 6e�n �dverEis d �otc sal.�/ Ln eeenr�ane@ wi�h law and hav@ been etirard@J tn /�1�'�l.l �� ,�/-�.Fdt,+,r tNa bas� bldd�ar Eli@C4[OC't anci /JtlEtitdS, eh@ lkiaed d� Dtr�ecdrs do�ma lt n@ea�sary at ehis tim� to �r�vt0� far ti�� Earm oE tha �onda, the payrt���t of tha llonda, an�i otl�ar provl�to�is ralat[ng to the authocLzatlon, iseuane�, and sala aE eMe DonJ�. TIItREFORE, SE IT RE59LVED �Y THE �OARD OF D�REC'fORS OF CRYSTAL NIVtR COUVTRY ESTAT�S PiT1CItJ COUNTX iHAROVE?fEN? DIS7RICT� PI?KIN COUN�Y, ��LORAAOt S@CC39fl 1. AUCh9CIYdEl9fl. I11 dCC�CdAf1C@ WLth Ch9 Con�tlCutl�� �� the Staee �E Colorado� Tttl� 30, Articla 2U, Aart S, C.R.S.� and all other lar►� o� the uE�te pf Colorad� thereunE� - enabling� ehere shall be tssue�i ge�►eral �bligation bonAs oE the District, eaeh eo be designated "Genaral Obligaeion eo�ds� Series 1985', in the t4Ea1 Bri�cipal amaunt oE Sa0,00u ltha "�nds"1. Eoc _ ehe purpose o� defcayiny, i� Whvle qr in part, the cQ�t oE replacing an acca�s 5ridge and providing certain streat LIOPC9V@- ments for th� inha4itants oE the Aistcict. The eonds shall - 46 - :•-i w'-h. .�:�,.,._ . _ _ ..._ . , � �'*���°a"'-� �;���,F ' i��'"'+f.'`�.:�, , _ . . . c���"*:::� , a '� • �� _ i_b��a��''- .. � ' �• �:'-�. . � ��`�j"`i�,. +'-�,;���:.. � -s, �' ,�, }� , �: �. . ��-. ra � k` .. . g r ��`�,'� Y �%"`'tt .•� .E �'r'- a ,�1'�i 1 . z% �t} ��',� k i �'�" � {� . >t s .,�a� �Y �.� x g�"' �.v�t,.+t�:r,4 '� � e.�x 1 �`�' ' +�k5 t�:« �r...:-: �}�'�.—v.ic�" Y. - . ._�. �.:_.... ,. _�`�`�......�-�. . _ .� _ • ' - � cortstitute general obligations of the District,' and the full faith and credit of the District shall be pledged for their payment. 4 Section 2. Aond Details. Tha �onds shall b� issued 1 only as Eully registered gonds, Mikhout covpons, in the denomination oE $L,OUO each or aoy integ[al multiple ther�of. Unless the Di�trict shall othenrise diCect, the registeCed eonds 5h�11 De »uiabe�ed separately from 1 up�+ard, wich the nunb�r oE .� - Q$Cfl �Otld pCeced�d b�t w��w. 'Ch� 9ond� 9ha11 np daCed 5eptember 1, 1989, and shail i b�aE int�r�st p�y�b1� semiannu�lly on �aen Jun� 1 �nd december 1, Ccxnmenciny nn Jun� i, I'986, �nd ��a11 n�eur� nn bee�mb�r 1 e�rh y�ar ag Eolloxs: � �Vadunr i�k7tutLEy tn��rane tt�re S3,Utl0 1�86 _�j 3�dt1U 1�t17 '!/� 3�dtlU 1�HN � 3�OOC1 1��� !l.EtO 4rUUf1 1gHU 1t,�„_�0 4�OdU 1991 ,�,�, 4�ODU lHH2 S,OUd 199� S�t�Od 199�! 6�tl0U 1995 � Th@ maximum nct aEtectiva ineor@st c�ta authorisod Eor this t�au� oE DonBs Ls 11.00t per 8flflU19♦ and the actual naE , @Et@ctiv@ ineoreat ratQ o! thls iasu@ a� l�onds is �t. Section 3. Pavment of Hondsr Paying Agant and eond Ra�tatrar. 'the grtacipal on the Bonds i$ payable irt law�ul monay o� the UntEQd �Catas oE A�►arica to the rec�i�tered owner ot aach " eo�c! u�n preseneaEi9n at ehe principal ��Elce oE Central tfank oE . Danvar, a Uankiny e�rpAration, 1� Denvar, Col9rado, ar ibs succe�sor, as payiag ac�ena �the "8aying �ene"). Notwithseandiny ' a�ythiny e�ntatned io thi� Rasqlution Ea the contrary, interest an any �ond is payable Cv ehe person in whose �ame such Bond i� regiatecad, at hia aqdras� as it appears on the reyistration b4oks maintained by or on behalE of the Pistcict by ConCtal Bank ot Danvec, a banking c4rp4ratian, in oanver, Colo�acio, or ies successor, as pond regi�trar ttha "Bond Registcar"!. aC the close - 9T - r.r` '�.�_�.,i_ f.Y`Y. .,-!t � � � Ie�R�TC_%�„ . Y �1..�t g;� . . .�����,� . • � ,��i t.-'..._..! � �f�� � • . . � � ' . ' . . . �•���,��' , � +'�:��:f.�. _ . .'a�.`'��'"�'�. ����" � '%, �� �::s,.. :> �, '�1�F� _:�:. . ' �� ' �,,; � � =v f� :_j�� . ,��,� � _ ;. ..�_ ,._�''� ..�� �a'�3.�: �Sf�.�.'�` � � � �d�"���V..��.�3;.. _ �. . .._._ � _ . of business oh the fifteenth (15th) day oE the calendar month next ; preceding each interest payment date (the "ttecord IIate"), irrespective �f any traasfer or exchange of such Bond subsequent to such ReCord Date and prior eo such interest payme�t date. 5uch peyment shall be paid by check or draEt oE the Paying Agent. The principal oF and i�terest on the Bonds shall be paid � in accordance with the t�rms oE a "Bond Paying Agent and kegistrar Agreement" between ehe Di�trict and Central eank nf Denver, a b�nking carpnra[ion, Denv�r, Colorade. 5�ertian 4. prior ttude�mptidn. 'Che tsdnds are noe subject en e�dempeiun pri�c t� their re�peCtiv� m�turitiag. 3�c�tun S. P�rm �nd �xerueidn dE ennda. �ne fSandg �na1i be ax�rut�d in Chp name �nd nn b�h�1€ d� th� digericE, anu gh�ll b� signad uten �h� �€ae$imile nc manual siqnatur� n� the Pra�ld�ne oE �n� digtrirr, s�aled wlth a E�e$imil� e,r manu�l impr�g�lnn a� th� ga�l of th� nt�tricC, �nd atta�tad by cN� E�e�imil� or �aanual : �iqnntura nE Eh� �acr�tary �E th� tit�trirt. 5i►�uld any oE�leer vhoss� tecgimil� �r manual etgnatur� appaars on the Hunds cetas�a td be such o�Cic�r b�a�or� d�itvcry ot tn� 8onds to eh� �urchasQr, auch Eaca[mil� or ma�ual �Iqa�tura ahall nav�rEh8lasa be v�lid and sutfletan! Enr ell purpnsas. The Bonds shall be tn substantlally the Eo1lowLn� lorm: - 48 - Y Y'a`:?:�1 ����: �.�—,_ :�+:;, ��`�� ' � . �� t. ._,�.�'1.�5�'•�� p . � . . ...�. . �.� � - � . � - � . ''�:4=.:: • _ . s � . ��:- ��-�;,' , :_,;.:, ; ,...:��dwr ._. .. .__ ..4.... . .. - � �wvd _. ... . _ .. _ - �r....�.... . _.......- ..... __. . - �: - y`� �� � ' v3*rJ� �. ��,3y'+I �:�' a rt � - .�t .�� t#� �_ ,� :� * i4u R 1 7� �' '� �_ .v,`. `' ���'��rts� k'�����,-`t� t.�� t � :4 �,��y' "�,+ _ . .... J�..t �,. +... ._. _.r � .. .. . �`�.'l",1 r~.. (Form oE Hondj No. R- � (F:ont aE Bond] UNI'TED STATE5 OF AMEE22CA 5'I'ATE OF COLORADO COUN2Y OP PI'tKIN CttY3rAL 1ttV�tt COUNTRY �5TA'fE5 pL'fKIN CdUNTY IMPEtOVESN�N'C bt8'TRtCT GEN�I2AL OBLIGd'CION �ONU, 5Ltti�5 1985 ORIGtNAL INTERE53' itA'r� MA'TUEtt"fY UA2� I55U� UA`T� CUSfp 5ept�amber 1, 1��5 RECt5'P���d dWN�Ft: PR[NCIl�e1L AMOUN'f: OOL4AR3 C:ystai RIvQr Councry Estat�s Pttkin County i�provem�nc D[stric�C, Ln th� County oE Piekin aod State o! Colorado, a spacial � dlsEricr duly o:gan[zed and op�raC[ng und�r the constLtuEton and laws o� ehe Stat� o! Colorado, Eor value rocatved, hareby acknowl@dgas itaetf [ndebtad and promtaas to pay eo th� ruglstorcd arnar n8m@d abov@, o: req[�tared asatgns, on eha maturt�y date spactElad abovQ, th@ princtprrl emount apocitied above, a�d in 11ka , manna: �o pay tnt@:est on Buch pLincipal amount {cowputad on th� baats o[ a 360-day year ot tw@!ve 30-day months) lran Ehe Lntar�st paymant date next precedln� the daGa oE regL�Eration and authe�tteatiofl oL thi� Hond, unles� thls �ond Is registared a�d authantieAtQd priQr �o Juna 3� 1986. 1� whieh event ehla eancl shall beA� interast Er4m Septembe: l, 1983, at the ineerese rata - par annum specitied ab�va, payable �@IA�dflflUAllY on June 1 and Decamber 1 each year, com�meneing on June 1, L966, until sucb priocipal amount is paid. The principal �� thi� �and is payabla in la++ful monay oE the unit�d States qE Ameriea k4 Ehe r�c�isterad owne< ypon p,QSanCation a� �unt:al Ba�k c�� Denve:, a hanking c4rporation, in Denver, Coln�ado. or iks succassor, as Payi�g Ac�ent. � - 49 - �.,1��+�._:.�_:....... �}-'^ ���. . �'.:51:.5�_':�x.!'� ... . .... . .. . .. . . . - �l ' . . . �}�1k F ;. '°°h�'� } . . ��:�' • • , ���Q�� .�'�•' ' - � • � � ;�'S_'�`��+• . . . ��.� 'XS�,• . ���.�y¢�� � . _ .R:-XS .. , . . ��._ � • w9 -V���� ����?�'�. 4.`- _ ___ _ _�. - ._ ��win�wrrr....++.�w+ � ° ._._. __ . _ . , �, �T:�`.r. �, t�:�"i '^���M. �-'.�,+.Sr �v�c�r.�R��•,�'ia- .�,F,�� .� � t� 4 ._ ,_� � �'�' �,Et, �.�F ' i . � `f` � � S , ��� � ��� �� �` ' ������ � �- ar k'�.�.y d�' ? ���.� i t �` �_ . .. . •:f 3. . ._ c�'_�.� ..r� . _.,�.� - +:�• x,��i Payment of ea�h installment oE interest shall be made to the regfstered ormer hereof wriose name shall appear on the registration books of the District maintain�d by ort on behalf of the District by Centr�l 8ank of Denver, a bankinq corporation, in Denver, Colorado, oc its successar, as Bond ttegistrac, at the � close of busine�ss on the Eifte�nth (lSth) day oE tlte calendar month hext precedinq �ach interese payment date tthe "Rpcord t3�te"1, and $h�11 be p�id by check or draf� oE the P�yiny Agent m�fl� cn surh regtstpred own�er a� his �ddres� a$ it �ppa�rs on su€h rcgigte�Cton bank�. pLl'EEt�tiC� IS 11EltLHY MdU� 'Pf'1 !'UR�'H�R pftClVI5IdN3 d� 7N15 . gONt1 3�"f F'U�t'fN t)Y "fH� (i�VEitSE N�a��t�► fiHtGN FURTN�R PltOVI�f8N5 - SNALL P�it r�LL L�UttI�5�3 F4tVE 'i!{� SAtI� EFP��'C A3 ft� i�UtLY 5�'C E�ORTN . IN 1'NI'T �Lr�CE. Thi� tlon�d gha11 noe b� val[d ar n�enenrr obligacory Edr any pur�g� or b� �nti�ied to �ny s�rur[�y or b�n�Eic und�c ehe authoriz[ng eond R@aolution unE[1 �he c�arciE[cete o! auth�nele�tion h�re�n shall h�v� been st�n�ad by the Bon� R@gistrar. IN TESTIM�t�Y ►�11�NE8F, Eh@ �oarcf o! Dicaators ot Crys�al R!v@c Caunrcy �aeate� Pttkl� County Im�rovemen! DtsErice haa caused th[s eor� to 6et aigna�! by tha �acslmila at��atur@ oE tho Prasidont of Che �lstr[cE, seal@d aith � facslmile oE �he seol oE - tha Distr[ct, And a�tase�d by eha facslmilo stgnatur@ oE the S@cratary theraaE, all a� �E th@ 18t day o� Septemb@c, 1985. CRYSTA[. RIV�R C9UN7RY ES?A]'£S PITKIN COUN'fY IliPROYF,4��t�T 9IS?RiC'[. PITKIN CAUNTY� C9I�RAD9 (PACSIMIt.� S�AW By: tFassimila St nature) Presi @nt A??EST�Ds 8y: (Fa�simila Sfa�aturel Sectetary - 59 - E *? ����;,� � �� ��� �� �..�.;;• �:: ��s.;-�_ - - . �:,;�.�__ ' q�r �_ � ' � � . �����- - �'� ..,.,� ±K.P?� - ��; _6�., � �.�, '=�:X�'° ,_ :_ • > �q �,� �; '�"' �j. ' �� J , j � T�� . II,�,` � . ' _ t . a �� 6Ei.�? ..:�� 1 �-���. . _ �` '� - . . s_ � � jForm aE eond Registrar's Gereificate of Authentication] C�R�IPI�A'fE dP AU'I'HEtV�iCA'�IO� �fnfs gond is nne of thP �onds nE �he is�u� d�serib�ad in ehe uithin n+�ntion�d �nd It��oluaian. Date dE R�gfatratfun C�N'Ctte1L gANK C1�' b�NV�ft, and Aueh�nticatlnns � banking eorpdr�aiun Denv�r, Coiorado as Bond Itegi�tr�r eys ' k ;: Authorizatl 3ty�netory `:.;� .� �;;' �.>�x� =:LL,� y�`, - ''.� �°:y3 . � . . . . . . . . . � . ,;:-.:1 �. '� _ ..';,+�+�,;:� ir�. i-;3'4 .Y �' . . � ��� � ' . . . . � � . . � 5�. � � . . . � , .:i�j �.;:;e�,4: . � e�;A!_t F . _ .�,. . ..„. . ..........,.-._ � .-....:. .... .. .-. � Y�. i . • " - 4 _ �... � � . ' . ' . . i �--'1_��u i . ' ,�,C - � 3.�.°{�"�'��r'���� ��� , ,,cY: ��� � � M1�f�4 �.. sa - " 4 ���f��+ � . t.`^—w.,.�. � ���.,� .5���+wk+:i.-.w.1i�.YL'i�i�.-�.'.��_s:..�� -.�� . .. � L�-:1S':'�S����_'�,� . IBack of Bondj ADDITIONAL PROVISIONS _ 'This Hond iS one oE a series aggregatfng For[y Thousand W llar5 ($�U.000) per value, all of like date, tenor, and eEfect ezcept as tv numbeC, prinCipal amount, inteCest rate, ahd date oE maturity, tssued by the �ard of Directort5 of the C[yst�1 itivpr Country �sta�es �itkin County Imprvveme�G bistrict, in tne County uf pitkin and 5tate dt Caloradv, Edr tnc purpose dE replactng an �cc�s� t�ridge and provtding s�ce�in ser�ac improv�menrs, by virtu� eE an� in eu11 c�n�orr,►icy With tN� Cnnscituti�n di tn�a 5eae� o€ C�lor�da, `fitle 3t1, Articla z0, pa�c 5, C.It.5., and all oehr�e IaM9 �E eN� StaE� �E Cnl(irado etteeeUnEa @nabliny. and pur�Uant e� tt1� duly �d�pf�� It�sdintion �uthorixiny �h� ig�uanr� �E thls ti�ncf. tc ta h8e�by �erlt�ad, c�areiEi�d, aad warr�nc�d ah�e �11 oE Ehv r�gutraraanE� oE l�w navc� b�an �ully r�r�plieed wieh uy tha prep�r ofEie�r� in i��uiny tnt,a 1lona. Lt La har�by Eurel�a� rarited, c�rEtEl��, and warr�nt�d lhat Ch�t fotal [nd�btadna�s oE Eh@ DigErtcc, tnelu�in� thet oF this �nnd, do�s flot axce�@d �ny limtt preserlbed by tN� co��atLtuetnn ac lawa o! eha Stata aE Colara�ot th�t et th@ QL�ctton lawEuily hal� vteNin ch� DlsEcicE on SapC�abvr 10� 1985, ehe issua�c� n! thta t�nd uas dnly auEhorized by a raajoctty oE tha eloctore �t �he Uistrlet qua�tltad to voEa and voting ati aaid . alacelont and ehat pcoviston has baen mada �ar tha levy and collectton oE an ad valorem taz on all oE th@ Eaxable prnpacty wiehin tha OLsECiet, wi�ho�� limitation oE cate pr amaunE, Co th@ extent Aeher �u�ds ace net made avail,able for such �aymenES, : sutEieiunE tef pay ehe prineipal oE aad tntaeeat c�n this flond �s Eha same re�pac�ively bac�e duo. The Eull Er�ith and cr�Ait aE the Distrtct ace hereby pledged ��r thQ �unetual pay�nt qf khe principal nE and tntecesE on this s4nQ. This Bond shall nnG be a4nsi9ac$A pc ha2c1 ta 4e an indebtednesa, odligati9n, or aiaaility oE Pitkin �ounty. in which the Dist�ict is located. - 52 - 't �-�":�� _ . • + ;t� f -��i .�� `�-a.." r - " . {YiC � r� , 4 � ' � t ��' : :�° ��'�-� � . r.�" �- ' .�q-'Y�' . . _:�' �:. �:�t'.,..,,:,��-. . r' ' �,. � '� i� ` .4��� � Y'"_�.."�"��"°'t}� ��3 r } �, ��ta.-�::.� .. �s_, "�*3 *_- j 'kr`s �.s ��� .,��; � Y i��L."�f=' r; � � ...� S .W �_, , 9,��� } � ��'�'�.. . . - - - ��. ..�._:;;:.+�1[..T.+�.� .._.t��..�`'�-.:�,. . 6bnds oE thi5 issue are not subject to redemption prior to maturity. The Oistrict and the Bond Registrar shalY hot be required to issue or transfer any eonds during a period beginnin� on the RecoYd Date and ending at the close of business on the ensuinq interest payrt�nt date. The District, the E'aying Agent, �nd the Bond Regi5traC may deertl and tYedt the Ceqi�teCed oHneY oE atly eond as the absolute owner ther�eoE foe �ll purpoges (whether oC nc�C such Bond shall be overciue) and �ny notice to the contrary gNall noe be binding updn Ehe Utsertce, tn8 Payinq Agene, nr tne b�nd Ctegiutrar. 'Chl� t3ond ig tran�Feraul� by ena r�gie�ereci dwner hgre�� in p�rgan or by hig atc�rney duly �urh�ri��d in arltCng, at the prineipe! u�Fia� aE tne gc�nd tt�yt$Er�r, bue dnly in tha m�nner� gub��ce Ee tn� ltmie�t�an�, and u�on paymsnt dE th8 ehar�8� p�dvidnd Ln tl�� auCndCixing tl�nd tt�gnlution an� upon $urrand�r �nd cancsllattnn o� thl� gnnd. 'iAta �nd may ba eranaE�arrad upan tha r�i�Er�tten bc��k� upo� dalivary Eo tha �ond Ro�i�tr�r o� this 9ond, aecom�aniad by a wr�Etan in�erumane or tnserun�nt� n� eranaEar in �orca �nd wlth guac�ncy oE �ignacur� satlsE�eEOry to the 9ond Ragiste�r, �tuly Qx�teu�ad by Ehu own�r a� ch[s �onJ or hta aetarnay-ln-t�ec or la�al reprQe�ntaetve, contatninq writt�n inseructtons a� to tNa dQtails o� ehe EransEer oE th� eonA, alany wieh ehe �oel�l sQCUeity nupber or Eu�leca! empleyQr idanetltcatian number at �uch tcans�ecae. ln ehe vvant nE Ehe transEer o� Ehie Banci, thv eond Ragistrar shall ant�ar the transt@r oE ownership in the regt�erAtien boolc� and aNall auehentic�tQ �ncJ delive� in che :-�. n�ne �� ehe Eranaf�ecae o� era��Earae� a new �ully �ayistaeed ��d or A��d� 4� authArized �1enQaunatiA�a oE the saroa roaturiEy anu � inEecest rate @qc tl►a ac�g�«�gate pEineip�l amnunt which the registered owner is entialad t9 raeeive at the earliesa practicable tiwe. The tkind Rac�istrar shall charge the ovoer of this Ro�d E4c evQry such tran�Eer an amount suEticient to reimburse it EQC it$ taasonabie E�es and Eor any tax or other ynverne�ntal charge required to qe paid vikh respect to such Crans�er. - 53 - ''� , � .��� :y�- - _ ��` �� ' . 4�,. . � . ��t~ �" I �Y_�,"�'�: � �F"��� ��' f': ; - ; �"'.:s �.. ;_,�i i:. rr;" , . ,�,.ti ,,�� , :�;Rf. �'}^ 'E a � .r ' •� �`.5 � ,li •1 =�1 .. ���i*+�� � ;;a�, y �. S b� 6. j r.#� Fi���' �� { ��k � <' l 4`-�'��� . a,s+ '� i -_r_ .. '- ��`.1.`,5:�•'' .�J.�`��...,. �....:.°. x - . . . , "F . _. � ..- ._ v�.. [Parm of Transferj A55IGt�lfENT t�OR VALtI� RECEiVED, the undersigned sells, assigns, end er�n�Eers unto St3CIAL S�CURITY Ott [�Eb�ttelt E?ttiLOY�Ii : ID�NTIE�f�A'TION QiUNg�ii fH' A55IGN�� CNam�r and .Wdr��� �E dasigne�) the w[thin �nci end do�g her�by ieravoeably eonetitu�o and eppo[nt , attorney, to tr�ns[c�r �a uo on eha Dookg K�pt tor ragta�raaion eh�cao! with lutl power o� �ubetltut[on [� th@ prcinl�es. O�Eed: Slgnatura �E R@gise�red ownQr: tl � e a�gnaeuro to e is y; ass[gnmant r�ust corrospond vith eha nama o! EhQ ragtate�ed own@r aa !t aPpaar� u�n tha face �E tha within ` �oc�d In ev@ry pa�ticul�r, ytthout Altera�tlan Ar enlar�esaaat or any aha�a ++ha�evQe. _ ..�: - Stgnature 9uarantaed: �lan , Tcust aenpa�y, pr �irm ' - - - 34 - «�r� ,a�t; ��M,� + s � i ��� � ��" - + ;•*-`'e: ,� _ .�-+2r::_.:.� �4e; , .. `T I .4 _`'�y- c�K�•4a,�`�-.,s*1. t_. . �,-!�` a��rk `� �s�.f��:,�atA..�ti ; : 4�r ��� .c �S� ._�.k�� .�.�7�.�"�"� . < F�:��S��i�._ k . .__�.. _. .._ ,.,.�.�.... . ,�1.�L-:f=?,, s�,�.. . Section 6. Authentication. No eond 5ha11 be valid or otrligatory Eor any pucpose or be entitled to ahy security or beneEit under this Resolu[ion unless and until a ce[tificate of authentication on suCh Hond sub9tahtfally Ln the Eorm heieinabove 5et Eorth shall have been duly executed by the Bond Registcar� and such executed certificate oE the Hond Registrar upon any such Bond � shall be concl�sive evidec►ce that SuCh Bond has been authehticated and delivered uttder this Itesolution. The Bond Regiatrar's certiEicete oE autlientication on eny gnnd �h�il be deemed to nave been executed by ft LE signed by �n auehn[iz�ed neEic�r ar siqnatory dE th� gond pegiatrar, but it ghall not be neeesgary th�e th� �ane tiEELaar dr signardry siyn ehe rerti�ie�t�e dE �uthanticaeir�n �n a11 0� En� �ndg tegu�d h�c�uhd�e. 5�cefnn 7. U�1iv�rv dE �►ndg. Upnn En� ad�pel�n dE thia Ft�snlueinn, th� bi�tYtct ahall ax�eut8 tri� tldnd$ and d�liver th�m t� th� �an� tt�gi�tr�c, �nd th�a �ond it�c�i�tr�r »hell authc�ntteetce tha ddnda �nd daliv�ae Cham to th�a hueeh���erg �R�r�a�, a� dlr�nt$d by tha Ui�erlee, and tn �rco�danea Wtth Ehe t�ema n! �ho euau� �ala wN�rBln tha �n�s wara solr! eo , tlenvec, Colorado (Eha"Purel�asee"). S@ee[on g. �@�l�tc��ton a�d 'CransEar oE �ondar Psrsons Tc@at@d as �rn�cs. 'ChQ tlond Rsgi�erae shal�, nu�tnEaln eh@ book$ ot tho Dlaeriet Eor tha ea�l�traeion a� owndr�hip of€ aacN �ond as provid�! i� thia Reaoluelqn. Uo�s m�y be transl�rcecf upon th� ' ragtatration book� u�n deltvery o� ehe 9onda to thQ Bond Rey[etrar, aee�m�antad by a wrLcten instrumant or in�tru�aents �E transt�ar in Eorm anci with c�uarAaty �� signaEure saEi��aetary to !Ne Boncl Rs�istrar. duly execuEad py the ownec nt Ehe 9oncls Eq be tran�ferred or hia attqe�ay-in-tact ar loc�al re�c@�afleativs, eWneaining written insE�ueti�n� as EQ the detail� �E the� tran��er �� oE sueh Boneis, a�ang +riCh Ehe �Qetal �aeuriey numDe� o� faderal employer ideaeiEicatinn number 9€ �uctn �rana€area. No tcan��er �� a�y �nd shall be aEEective until en[e�ad 9n ChQ rayi�trati�n books. In all casas 9� khe tran�Eer 9E a Qond, the Bvnd Reglstrar shall enter che transFex qE qwnershiP in tha - S5 - "_+ ,.� �..� . � �;`�--u -+�t}K :i'- ��.. :?K::�'"'j1"` . � . . ,;,a:.,;�`;i;:� ' . ' ... �4:'-p, . . . � . �t�- ' ' _ �.��"� �' - - :;z`.: :.t 4: ��� ' �.. . - �� ���� z t ss-'�� . '� .w'1° �'� 's- • y�k'g���`r�; """ �.�`: ;; -�fl ; , ., " . .� _ u .� �r ., ,�� � �� �`} �.F.';yi[' ,�. t._ � d iy,'�"{}.il�},�^(. '* r �:� '.> . � � '� �y� .. . ���..�.3�.ft.a2:._Ld�._r��t•-�.'f3l�'�?Y���✓ ���' .. �"�`�""'°"_Y}r"..'. registration books end shall authenticaCe and deliver ih the nafie of the transEeree or transfarees a new fully registered 8ottd or 8ortds of authoriz'ed denomfnations of Lhe 5ame maturity artd intereat rate for the aggregate principal amount which the Cegistered oWner is entitled to recei�e at the earliest practicable time in accordance with the provisions vE this Ftcsolution. 2he aond Registrar shall charqe the oHner oE aucn lkwnd for every such transfer oE a eond an amount snEficient to r�imbur�� it Eor its reagdnable E��s and Evr any eax or dth�ar gdv�rnmental sNarq� requiced �d n� paid w(th r�$pert eo sueh tr�fl��er. Th� bi$erirt and Nt�nd itet�igtrar sh�ll nn� b8 r�quir�d to t�gu�e or rr�n�fer �ny B�ndg ducing a p�rind bagfnninq nn th� ��enr� tiat8 and andlnq at eh� rin��a nE bu�tn�n� dn en�a �an�utng ine�ea�e p�yro�nt dae�. Yaw �nd� dal[v�r�d upon any eran�E�r �hali p@ valitl qenacai oullgettuns c�E eh� nistrlet, @vid�ancing eha ser�� obi[gatton e� tha �and� �ucr�ndarad, shall bo secur�d by thts Ra�otuti�n, and shaLl ba �ntitla� eo ail o� tha sncue[ty and ben�tit� har�a� to th@ eaina a�t�nc ae eH� dondg �ucrancJer�d. Tlia bi$trlec, cha Payin� dgant, and eha �ond Rs�gl�arar may deom and tceat thQ r�latac�d c�wnar oE any �and as tho absoluta own�r thQr�o� Eor all pur�osaa (wh�th�r or noe such Bond . ehall ba ovardua>, a�d Any notie� to tho conCrsry ahall not ba binding upon ehe Di�eriee, the Paying Ae,�ant, �� th@ llond Registrar. 5aeeton 9. pastruetion of �ancls�. Nhenever any oue- stanc�irrc� ��nd �hall be cielivered tw th@ �ond Registrar tar cancellatlon �u�suanc to Ehis Ra�nlution and upon paymant a� the - �ri�eipal �nAUne �n�i inea�aae �qpcesenEed therepy, �r whenever any �ESEan�iny �ond �hall be �eliversd kA the Bnnd Registrar foe transEer pur�uant t� tha pcQVisiAns here4f, such �ond shall be eancelled and deat�nye�i by the ec�nd Rac�istra� a�d c9upterparES pE a eertiticat� �f dest�uckinn Qvidancin3 suah desk�uc�i4a ahall b@ Euraishad by the Aoad R$c�istra� to �he pistcict. - 5b - R'i €f�� �ti;� _ s��.,,. a � . • . 'y�'"�:•`��' .��,� ; _ � -'°�` . . ��,��R ' - �- { - . _ �«�- ' , �Er:� `�-�;:�_;>#' _`� ;s '�..�..�.- � , - .�1,i ���� � �-�--„�, ��� ��"�'+�`i�r� �� �fV„'�`: . ). � ta' � S� < .s. .:;���� �,{r�� �.Y��iy���,:�..i,.�. . r r_ � ��} �� _. �. �� Nli4�..�...a:,. s.._�'i._.. _�`� ��� _ . .. ,.`��.Kfa4. . Section 10. tost 8onds. Any $bnd that fs lost, stolen. destroyed, oc mutilated may be teplaced or paid by the Bond ttegistrar in accordance with and subjec[ Co the limitations o� applicable law. The applicant fo[ any such repla�etnent Bond 5ha11 post suCh seCurity, pay such cvst9� and present suCh pCOOE nE owriersBip ahd loss as may t�e reguired by applicable law, or in the absence oE specfEic requirer,,enes, z�s may be cequired by the dond tt�gistrar. 5e�tioh il. di�ne��eibn �nd investmenc dE dvnd pro- e�edss. Th� 9onds shall be i�gued and �uld �r�r th� pur��� v� payin� th�a cn�ea nf r�pY�eing an accags brlag� and prnviding ��art�in gECe�E improv�menes. N�leh�r Ehc pureh�g�r nnr �ny s�ub�g- qu�ne ovn�rs o� tn� �nd� �Nall b� r��p�nsinl� far eha applic�tic�n - er disp��a1 by ch� Ui�tel�t or any �� lt� ��EYeer.� nE th�a �und� - d�riv�� Ernm tt�a �a1� ch�are�E. dli nr eny pc�eeion n� et�u a�ad prnr�ad� +s�y ba tc�m�rarily Lnv�r�ta� c►r C@Lt1V8�Ctt�r p�ntltnq �ueh ug�, Ln gacurLtl�s dr obligation$ uhlct� aea Law�ul invasltm�nes. tt Ls haraby cov@nent@d �ntl agcaad by th� niaeriet th�c th@ temporary invaatmunt �r ralnvuffi[m@nt oC th� ocl�tn�l �coc�r�ds oE ch@ �onds. oc oE �ny mon@y� eraat�d �s proc�eads oE the eonas wteNln tha maantny og S�ceton lU�(e! dC e1�Q Ineornal Ruvanua Coda oE 1'�54. c�a amanded (et�@ •Ca��"3, and p@C't�f1Qt1E rQyulations, rulln�s, a��i daelsions• shall b@ oC auel� AdEt1C@ and axeant, �oe sneh paciod, and at such ylald, that Eh� 6on�lo shall not be ar becoma arbttcayQ bonda wlthin Eha meaning of Sectton lU3C�1 �f �he Coda a�c1 partlnane rogulations, rulings, anc� dectaions. SacELAn t3. ptea�e AE �ena�a� aa va��re�n Taxa�. �o� the purpoa4 9E payin� tha [neseeQt �an and prieeipal o� ehe ba�ds � as tihe same baeome dua and payabl�. �a�p�eelvety, thae� aHall bs - levie� by the �aard vt CAU�Ey Cgmai�aionec� g� AiCkin Coun�y. Col�ora�f4� o� all aE Eha taxaple pcaperty in che 9ia�rict, �a�eral aci valorero tazes in aach oE the peaFS 1935 cn 1�4A, inc�usi.ve, which will bQ �uEfisient �:o meet promp�ly such pxineipal and intace�C payments. Such generai ad valorem taxas s�all be lavied - S7 - >^� �.�,,._;,p,�' . . .. " {•� � � o�t� a ):+�- a ���h � � .Y}�eC,s~�'�. 5 � - . ��;s?��,y.c�� . r,�e"��._�� .. . '_ . 5 '! � ;��`�-.� � . �•�s?��j ' . �~ - 't•y'=. .,y. }' _ _ . �; -.�'� y.. ¢�� �.. �;: tz�,�'rr�4� f r�s s�, � ����5 � .�Y =���` �°�^f i;. � a t T� ���;_.:�.'°a�.u��x4.�.�'°�' �*�-�t,.�.�� '� - '" ��'r`�� in addition to all other taxe8 levied by the DistCic[ for other purpose s, , There fs he[eby established the "Crystal RLveC Country �states Pitkih County Improvemeht DistY'ict General Obliqa�ton gohd Account� 19$S" (the "BOnd Account"), Said tAxes when rollected � shall be deposited to the Bond Account and a�pplCed solely Eor the paymenr oE the interest oh and principal bE the eonds, r��pecCively, dntfl rNe �nds, �s ea princLpal and int�regt, sh�ll be fully pafd, s�tisEied, �nd dl�CitaCged; provtd�d hrn+ever, that ndENing her�in C�ntbined $ha11 be sa �onst�u�d ag t� pr�vent the t3istrlec fram ap�lying any �en�r Euhd� or revanueg chae m�y bp In th� er�aguey �E eh� t�iserirt, and av�ilabi� f�r tNae purpn��, tn ' th� p�ym�nt �E EN� int�resE �n dc jlCCflC�p�� oE en� �nd� �� th� ' �ar.►g r�$p�Ctivaly eczru�a ancl �tura, �nd updn cha applicatinn d� �ny nth�r �ueh Eund� c�e r�vonu�� �� afo��g�id, eh�a mill l�avy or i@vi�a� h�r�in �rovCdad ��y th�r�u�n, tn that r�x��nt, b� dimintgh�d. �ctior� t�. C�reiEicatr� oE Princtoal $nd Intaraat Tax L�vy. 'ih�t €oceqoing pcovt8ion� ot th[s tt@solueton er8 hceraby ; �@cla�@d to b� eh@ cart!!lc�t� oL the �o�r� oE 6ir�tcnors o€ eh@ �istrict eo tho doar� oe County Coinraission�rs oE Pttkin Couney, Color�da, �howin� thQ a�qragata �mounC oE Eaxau to b@ 1@vt�d Eor tha pucywsa a�oraa�ld by �Cha Board oE Councy Comm[s�ionars Eraa � tims to ttms, a� rQquir@d by lav, Eor th@ �urpose oE paying Ehe princ��al oE tha Uanda �nd �ho tnieraeE 1�hereon aa the same shall haraa€te� �ture and aeerua. The aAOUnE� nee��aaey tn pay all ro�ta and ax�anaes incldental tA Eha ts�aance o� tt�e �ands �nc� tha in�erQat on �hQ �onc1� c�nd �A c�i�ehacga ct►a p�ineipal thereot when Aue �ra hereby a��ropriat�d fA� �at�i �urp��ea. a�d �uch �mAU�es ae appc�prtata !oc each yeac �h�ll als� be tncluded i� th� annual qudget �nd Ehe appeapriatiQn bill� to b$ adApead and passed by �he Board �E Airect9K� oE tha Aistrict in each yQar, cespeckively. until tl�e - �nds have been Pully paid, sati��i�d, and discharged. i� �hall aQ t��a duzy o� the Hnard 4� Ui�eGtocs oE the 9i�tciet, annually, at the Cime and xn �hQ rra�n�� provided 4y 2aw - 58 - � - � - R:a i '-f � x� • r� ' . �- � ^ _ i ��� . . � '`i.�J`z�_ ��� � '�'�3 � ,; ,,i 'R' _�" '�: , _._ ' ��.: ;=�:�: _t �. �, � t� c°: � . _._ ,� ,+,n�'�.a�.x � � 2�€ ,,r`''�'` f-L�x�F t�� +st�� 44� �� � �� i+li Z .. t ��a� ��" .:_,t�s�x ,� _� ,.� �-, � _W. .�L ...�_. A-S ..�,.:..:a��t.3.a.�Y+��.. _:� . s� � I �"� � ._ _ for levyiny other District taxes, if such action shall be neoessary to effectuate the provisions of this ReBOlation, to ratiEy and carry out the proviaions fiereof siiCh reference to the leVying and collection oE taxes; and the 8oard shall levy, certffy� end Collect said Caxes in the nanner pravLded by lavr for the pur�ose oE Eundin� th� Bond Account Fo[ the paymenC oE the princip�l oE the eonds �nd ineerest Ehereon, end said taxes, MNCh colleated, shali be kept Eor and applted vnly to the payment b� the inter�st on and prtneipal oE the �nds ag N�rainannve gpeeift�d. 5aid �t�xe� ghall b� levied, ��g��g�d, ralleee8d, �nd anEore�d at tne ti�ne and Ln the Edrm and �ann�r and with lik� ineare�t �nd pen�itt�a� as nehgr g�ner�l t�x�a in Ch8 Seac� nE Coldrede�, �nd ahan roll�et�d ssai� taxrrg ghall b� p�td eo tha Dt�tcire �g provi��d by Iaw. ��ectan 14. Aci�itLnnai `Cax L�vi��. In tn� �v�nt thQ man�ya �rndurtrd �fcaa ch@ tax l�vi�� nC en�a di�eciet, zo�@thor Wien other laqally avatlablu revenu@a oE the OLatrlct, are not suEtictan� to pay vunreuelly th� int�ec�se �n and tho princlpal oE th@ �onds 9�eeaLng du�e ta rhe n�xc ��ccu�ding yaar, tha eoard o� DlrecEOCa shdli mak� �ueh additio�al Lavi�s oE tax@� as may bQ nocos�acy !or �ueh pue�o�os. and eueh taxQ� shall conelnue ro bQ iQVi@d unttl ah� eenda and eNo int�reat EhQCaon ahol! ba paid ln � Eull. ihe 8oar�i o! DIr@cEor� ahall takQ all n@ceasary and propaC slape to antocce pcc�m�tly tNe paymeat oE taxa� levied puraua�t Ep � � this Resoluel�n. _ Sectiean ]5. F3onds Not an 9bligatiAn QE Ghe �AU�EY. 1'ha �oad� ahall a4t be e�nstelered or held to be an lndeptedne�a. o911gaEi�n, Ar liabillty oE Pitkin County and a �tateroant �o that a€�ect �hall a�pear An a�eh son�. Secti�n 16. Aa€�a�anaa. Nhen all pri�cipal and Lnteraat dua in eannastion wieh the Isnnds have baen duly paid, tha pledge and lien and all 4blie�ation� ha�eundec shall thereby be �ischac�ed and the �onds �hall na lon9er da dea�d CA be outstanding vithin the meanitnc� o� this Resolution. There shall 4e daeAed to aQ such due payreank when the AistricC has placed in � r�9 .. . ♦ '.„� �,; :_ � . _ .;�:.._ _ ;�:_= �. - k��y - . ��'I ,z� '; `�a<. •_�4� L3.`���.::�t�� .1.:-..:Y.. }:.::�..�...:�-�::... , ---�-- _,�.,�.� -��_. . �, `�'.r-= . - � �� 4.' �4 �� ' �: -�� ',- � ` �c���..:. q f�� �i ,�s ly�r''�}�'�'�"�. � � � .. � .�iva 7�a.y�W 5a�-e, ty :�^ - J � '1s . .. _....-�.._,. .`#� r.��. �t����j t�.�.�.i,�-.,_ .-`� . . ' . =_v['.:�::i.�^" .. escrow and in trust �+ith a commercial bank located s►ithin or aithout the State of Colorado, ahd exercisinq trust powers, an amount sufficient (including the knoWn mininum yield from Pederal SeCUriEies in which such amouht may be initially ihvestedl to meet all requfrements of principal and interest, as the same become due to their final maturities. 'the PedeYal Securities shall beeone du� at or prioC to thp respective tfine� dn Nhich the proceeds Eh�renf sha11 be needed, in acCOrdance Mith a scn�a�ie ast�bliahed �nci agreed upon betrreen the bisErict and sucn b�nk at the time ot eh� rreaClon �E Che esrrov, or tn�e p�tl�eral SeCUrLele� gh�11 t�e �i1bj�CE td red�mption a� �hp dptiern oE ehe n«�Id�rs tn�r�c►e tb �s�ure gucli aV�11�tlL1tEy ag sv ne�ded e� m��et gueh genedul�. 'Ch� term "p�d�r�1 5eeuriti�g" aitHtn the m�ening dE eht� �+artl�n ghall lneludc� dniy d[r�ec �bl[g��ion� nE, dr obitgaa[dng eh� prtn�ip�l �E and inE�csae �n which arp unenndittonally €�u��ant�ad by, tH@ UniE� 5t�eas �f am�riCa. S�ctivn 17. D[r�et[�n to T�kct duehoriztn� Aecinn. The ` " � aPproprtata oEEtcer� o� tha �lacrirt and r��mb�rs �t th� lioard nE Dtraeeora ar@ haceby authorize� �nd dtr@re�d to taka a1t oth@r aeeions n�cQS�acy or sp�ropci��� to �aEf�civate Ehet provi�lone o! th�a itvaolution. lnelud[ng� bue noc ttmlt@�t to, th� @x@cutto� oE a Payi:�g Aqant and R��l�erar Ayre�etmane and sucli earltE[aat�e and aefidavita a� may ronaona�ly b� re�uired by thct Purehasec. � Section 111. Rap@aler. A1! aets, order�, cesolutione, oc part� EheradE, oE Eha Oistrlet Ehae ara 1ne��atseenE or in confCllc� with tAi� R�soluti�n aGe heFeby rapealed to the extent only o� �uch inc9nsisteney Qc con�lice. Section t�. Severab�lilv. Should any one 9r wore Sacti�ns or �revlsians 4f� thla RasAYuti9n bo juelicially �djudc�eci ; invalid ar unanforcaabla, such judgmana �hall nc�E a€t@ct, impaic, or invc�lldaEa the �a�eainin� pr�vislans oE this Resqlutiqn� the intantion hQing that the varigus Sectiqns a�d prQVisiQns herenf ace sever�ble. Saction 2q, Resolutian Irrepealable. AEte� the �nds a�e issued, sold, and are Qutstanding, this Resolution shall be - 60 - �-_ � _ � . , • � .:4h:.:- _ . '�.}��.`_ . . • . � .-�i.��..t ������. . , . =��St�f F_ a[°.t sc::-. -'�'+-i=�' '1�_'`�t}�'.. . ����� .l�;��"r� � . ' °��y.`L'., . . ,� �( "�E; sr.�: r:. - . �.�.�_ _ ._ ._ _ _ _ . _. u... ..__..� .._. �..�..V_._.. . . . _'.�;"- �� �� ,�� --� .... . �m e y,. ,u ������� �° t} �t R�y'��. � i -- � . ��u �. t and Yemain irrepealable until all of said Bonds and Ghe fnte[est accruinq thereon shall be fully paid, satisfied, and discharqed. Section 21. LEEectiv� baee. The provisions of Chis tt�sdlution 5ha11 take ef�e�t upnn adoption. ADOPTEb A4iD APPRO1i�b this llth day of Septembe[� 1985. . h.I���St" • . . �s' � �"" `� r •y` 1 /� �.°�� � ( 5 � A L ) ` _ �- -.. % Pr�sfdenr and Criairm�n r A7T�5TBDt '. F , •�. ` -t . SdCK�t�C�/ ;#� t. '�.'::._.�a�:; � . . . ,:;ti:t�� .f: ��$, :j e�'-. +^�� ���'�i.f;='{ � _ : f s — 61 — ,.'; � �� ` ��.� �� , .a �_- _._ __._._.._.__r- . _ . __ _ _ . � _ . �,, : �>- ��� i .. , . . . . . . , . •� - � , . '�':� . . . . . � �.G;�,.�.a u�....:: ; i _';�;- �, �� . , ,�.s a:.,.... ...�� _. _�r-� =J� � °�h�"�#�:- The motion t dopt e f regoing Resolution Was duly seCarided by birector �,,, ut to a vote and caCried on th� Eollowirg recorded vote: Thcise votirfg AYE: Directors: 'thomas glake RobeCt Elraudis C2obeCt ti. Chi1d H�len Klanderud Geort)e tl�dsen . 'Cho�� vdting NAY: ThoSp Abspnts !,� 'Ch�r�upon Eh� Ch�irsn�n o€ th� me�etng deelare�d th� Ragalutidn duly addpc�ci and ene 5�rrcEaCy .+�� diraet�d t� �nt�ec th� E�r�g�ing prd��e�dtngss �nd itegolutian upon th� minutes of �aid aoecd. TN�r�up�n, �Et�c aor��ld�r�tion oE ��h�r busineas to caa� b�Eoca the Hoard, Ehe raeaeing wag adgnurn�d. ...�.. ' - � v"►,� ����r.�.� r ese � �. ) a rman e .�, "? ATT�S'M'l •}, � -•;;'; Secre y .- :',::; ;� :'_.,.-r � �. . �{ '�y-;� . � � � . ;,� ,F I 1 - - - 62 - :;�-'�-_.� t , R „ _...__. __--._. :.t.��",> . _._..,__, __ _ .._ __ . ^.i�_4 ..,,.- . . .:. ........, _. �..�.., . . i�� Af° . � . � . � " �p. - it� �. . . • � � ' . . � \ - � h _ ; -�-� . . � , � . . . ' . . . � . . . , . . . S i_ s�'-'::':,,L,:� i _ _ _ _._,__ - ' �,�.— °��'' ��2} �, �� �� < �c�; �j� �¢ i - %`" '�SS#rA 'i'{,7 T3 ti {i : :-hS£J.1 �+j'� f �..�-; �s� t � .-.�.__� ..+.����r.f.r_. ����r'�� « .� _ .i��-'Y� .. S2ATE OF COLORADO ) � COUNTY OP PtTKIN ) - ) CitYSTAL ttIV�R C(1UN'CitY �S'PATES ) i�ITKIN COUIVTY IMPRiDVEHBt7T DI5TRIG'T ) I, Lorett� �anner, Seeretary oE Cry�eal ttive[ Cnunt�y �t�Ces �itkin Cdueey iiiQroverc�ent �TiSLCiCC� t�lrkin Cvuncy, Cd1c>Cado� do BeC�by cereiEy eh�e th� foC�y�ing p�gcg ttumb�c�t1 36 tc� 62, inclusive. �ongtitd�e a true and rurre�t copy �f the r�cdrd dE tne pr�c��eiinqg n� th� enard oE bir�ee�rs dE ��ld t3igerYet �ddpt�d �t � gp�cial ��eing c�t tn� ��rd n�ld aa th� Pitkfa Caunty CnureHoua�e, 50�i Eag�. w�in 5recr�e, 1n rlsp�n, C�idca�dg, �n ' f�dng�day. tha 11eh day �E 5+a�tamber. 1ggS, ramraan�iny �t 9:Op � �i.4., as raec�rded Cn eh� �EEiri�l eeC�ed �� tn�e proe��dtng� nE th� Digcrte�, ingoE�r �� �aid prne��dinyn r�l�c� eo th@ c�nve�� o� Eh@ sp�etal �l�ctlon hcr1� nn 5apt�abee 10, 1'�i95, eh� pubitc s�la and igsua�nc� oE g�n�c�l o�ltqatlon bn»ds� and eh� R@salutians ah�roln � s�st Porth= eM�E ��id pracr�adiny� wer8 duly ha� �nd tak�nt eh�E Lh@ , me�ting w�s duly Naldt eh�e eh� parsons wara pr@s�ne at eh@ ma@cing ��d voe8d ds eh�r�atn �ha�►e, anci that � publle nottee o� the m�ett�g in tha form h@ta�n sac lorth at pa�a J5, was posEa� �t t1�re@ public places wt�hln che dtstrtct, �c►� tn the P�tkin County CourtNous@, in �1sp�n, CoLoredo, [i� accac�anc� with law. IN NI'iNESS tiNEREOF, 1 havo hac�unto aub�cctbe9 a�y name and aEflxed eh@ ot�icial aeai ot tho Dl�trict, Ehls Llth day oE 5ept�a6er, 1985. ,:: _ ,` { S B A L ) � LG�E - , Secret ry � . *, , ' � 9 � � ^ � . ... �' . - 63 - �:�:�' , ,�.��_ *-�.i� • o ���R. �.�, _ :�= � '�,.�r,__ '�.:-`.x?-. , . . ,��_�_ . . � . .`�,., '�5 . . � . ", �s,�_�:,;.:= � . . . . • . . .t:...�,`.I.�":. . t ` . Y^':: lf�' ,,���F': _�' ��... �.�.a�..v�.�_ �.�.� � _.. ,e..�_ . _ _. _ - ` . �} �>s� - - _a:«:r, x:v ..w.. :..s::s:` -- -.4�' ''�.�. �``� °;,��"s� ~°.���"i,t3;- sTaT� o� co�ox��o � I G�NERAL INCUMBENCY CUUfITY OF PITECIN ) - 1 CERTIPICATE CRYSTAL RINER COU:iTRY ESTA�ES ) PITRIN COUNTY INPROVEMENT DI5TRTCT ) Each oE the undersigned, as oEficers oE and attorney for, and on behalE oE, the "CrysCal ItiveC Countcy �staCes pitkfrl Cvuncy tmprovement bistrict" (sic), Pitkirl Gaunty, Coldradc� (che "biStC[at"), in Connection vith the isSUattce by thp bist[fet eE ehat certa�n series dE �eneral opligatidn eend�, Serle� 19ti�, dated 3eptember 1, 19s5 fn Che agqr�gare p[ineipal �ttivunt aE Sdd�OdO (tn� "eonds"), nercby eectiEy �g Eu1lc�ws: 1. Tn�y �re C�5[)pCELV�l�/� tne Ct+�irr�n dE en� �aard aE County C�mnig�fnn�rs df pickin C�unty, Cdl�r�dn Ceh� "Cnuney"), , �ax-nf�Etei� t�r��idane de ena go�r� of nlr8aenr� �� �he niatrict� � �nd th� Clerk and lt�e�rder �� t11� County� �sx-�t�ieio 5c�reat�ry aE , th� di�tcict. 2. 'fha Ui�triet h�g b+�un rsgularly and duly orqaniz�d ; undar Eh� iaw» o� th� SE�C� o� Color�do by Rasolut[on lto. tl5-97, adnptnd enzi �ppcovad by eh� �oard vC County Commiasio�urs oE Picktn CAUnty, Colorado, c�n Nay 2�, 19N5: rnd tha[ a tru� and corracE �o�y oE suCN RasoluEton wos Elled wltri th�e Counry Clark and Racocdac on Hay�, lHHS. l. For EhQ pa�iad Ecom thQ 28eh day aE May. 19N5, to and ineluding the date oE [hts CartiE►cat@, tha Eollo+ring have baen and na., ara the duly eleceacl or ap�olntod, gualtEtad and acttng ��abers oi the �oard 9f County Co:�missiaoera anci oEEica�s oE the County and �he ex-otticio eoard o� Uirectora and oEElcers - - oE tha DisErict: ` Chairman, ex- oE�icio Pr�sidenE: ?homas �laka Commissio�er�, ex- oEEicio Dieeeeorsz Robert Braudi� � Rapert N. Chi�V Helen Klande�ud - GeArge Hadsen - 6A - .)4Y `.Y . • � �.�`ir " _ �'�4a..x'�h�;.' } . . . . . ""T�"�4_T-i, • • � j�" � •. . • � - � . � 1 } "'�r-+��. . � . . . � �> 24. � ' ��'��"��� � . . ' '�' � +?';�sSF' - ' . ��:� �; >'#`.e-..:.`-_��� . �� . - � .�<�s _ :ti��: - , �, .� , _ T�, � ; _� ���:- -� �, - r��, s� �-� - :�' � � ��.,,���� � ��� ��'��... � . .__ � - County Clerk, ex- officio bistrict Secretarys Ldretta ganner ' ' County 2reasureC, ex- oEEicio DiStrict TreasureC: '�homas Oken 4. eacsimile Signature CertiEicate� cnnt�ining the �i�naeures aE �he Cnaictnan df ehe �ard dE C�un�y Cuntntissidn�rs, dx-dfEieio peesid�rtt of the bf�eCi�t and th8 C�uney Clerk and tt��rorder, ex-t�Efi�id Seeretary �f tne dtse�t�t, and �n fmpr�ggidn oF the �E�iei�l ���1 AE eha bCseriee, waC�a duly Eil�ed wiEh CBC SeCr��ary �� tn� 5taee nE eh� �t�ea d� Cniue�d�, as r�quir�d by l�tt. - - IN Wf'PN��S Wlitie�Ui', �� n�vp h�reunt� �ubgrclb�d our - na�aa$ �nd a�E�tx�d th� o�Elel�l g@ai aE tne IDigeriee, tni� _ ^ dey oE , 1�81. .,i..'3�A L 1 � O/�w. ���(, jt'�. �t• - _ Cnalrman anu p���td�n� •°� js �, , Yr � ri 4 ' .�,�� ,,t'` Soera ary t �.��7 �t . , r. ._. .. t. ' � C0411t�► AtlOCn y/ ::} .:-::�i � � � - 65 - :#�:�,�; .-"i :::"�,-_; a',�, , � _ _ _ _ .�%�.�k '=� .'''.�*�,,; .+z'� � ' ;-� .- ��..�+'°,"�r,:. �tA"'q'"%��,�.... .. . _ . . .. .. . ¢k$�; ,�: � � . . . :.T rY,. . _ J . S = � � � .+�{ i4C� .. ys:�;'—,:.a.. __ __ __ .� . , '.� _ • � � — . _ � �. . � - ;, ,�.r�g} • �s.�. :a' + - J �Y �;r_� ,��� ��-+` _ ,. I , � 3 .T .. ,.a. ` �.�. - ' .` . ., _°._- . .. . , . .I� . ... � .... . _ ..:... . _ ... .. ��- -�� _ . . . r i 3 tActart► eapies of paCSiinile 5ign�ture Certificates, �s ffled with che 5ecre+rary of 5tate, 5t�t� of Coloradn) - � .r � � ...>::+ ; '_ i i a � _.i ' , ; _— � �� - 66 - .�y �� �,-. -� «. :k T �.� - . . � . � . ' �� . � 3 ' . '� ' �. . . . . . . . . ' -. <� . . _ . . . . . .. . , . � � � . �. � � . � . � . . . . �. �"�; � . . . , . . ' . ri:'' s; I _... _. .� ' :',�:.;� v`�,i ��'!�' ��.�.R - '";,:� ' . ( ' r',`r^,�4'�., �� =�� s• � - ` ��,�`��:°. )3�`}4�".�. � _.�. � i. "i.� I { - 1 PACSIlNIt£ SIGNATUR� CERTIFICAT� 31A7E Ot� COL01tADO ) ) ss. GOUN�Y O[' PITlCIN ) e��fore rc�, ehe undersigned �uthnrity, personally �ppcared tbeeEta �annert MTIb� being by tt►� EirSt duly �v�[n an d�ttt� depos�� and says: 1. t am the duly and lawEUlly �1����d �r �pp�ine�d, qualiEied, saarc� �nd �cting �x-��Ei�tv ��artet�ry c�� Cry���i Niv�c Country e�r�te� �itkfn County imprdv�mgnt bl��rirc, E+itkln Caunty, Cnloc�do, as indte�t�ad bei�w: NAML TI`PL� t.ar�tta �nner �cr�t�cv +(�ill in nem� o� oEEie�r �xactly �g $igflaEUr� appear9 bal�r) ' 2. Tha aigna�ture appeerinq balo�+ Ss my own m�nually - . ox@cutod aiyn�tur� [n th� Eorsa an0 raann�r us�d Co axacue� all `; oCElcial docua�nes in my oe�icial ca��ciey, h�rainabovo � duslgnae�d. � 3. N�ceto aEttxed ta ao imprQasion of the oEEicial soal ; o�,.....,Crygtal Riv�r Country Eetat@s �ltki� CounEy Improvaa�ne Diatct�t, Pitkt� Cou�Cy, Colocado, as Ehe same has bo@n author[aod � . and used Ec►r otfictal documonts. .I. � F � ( $ E A L 1 ' t s y: 6IGt�iATUR6 TITLE � , F �%3�X{�U�.���jWtLc.� Sacretary � �� ° �� Sub�cribed and sworn to baEoce ma thLa day oE , � S6pte�AbeCr 1��5. -'' �� ( S F: A�L�-) . !/(/ _ • , � " - Notdey Publ c � . ' • J j � .- �. � �'�-N �b� =t • �,�,;aY eomnussion expir�s - .�••�,,,+! --; •�-'�: _ , .� :,..,_-:_ _ � ��-v >-� , _ : . _. , _ ��a� ^`, . �'�-'�"�`F�' . ..�_�f'� . _ �$ + , L � •� . �' � � ' ��� . _ � a� f � i.R— T i - � . . ��.C �.�;w�: r,��. � � "� i', f-���' r r ,:. � � a y� a° t �':':. .f"s����`���LF+4 y,_ r+.:. L - 2 ; '�v�'3 n � ,jLi.��,� y,�6j:i���a.�s� � � � 4 •4 .. .., �h. :�,. . ... _ :i.A. . . . � FAGSIIMILE SIGNATURE CERTIFICATE 51'A�'E O� COLORADO j ) ss. COUNTY OP PITKIPI ) Be£ore me, Ehe undersigned authority, p�r�onally �ppear�d mhomas Blalte who, being by me Eirse duly srn�rn bn oath, dep�ses and ��yss 1. 2 am ehe duly and laa�ully �l��ted or �ppdint�d, qu�liEi�d, g++�rn �nd acting �x-o�firio pr�$iaing nEEiCBr �E Cry�tal itiv8r Cnuntry �eaces Pitkin C�uhey tmprdv�mpnE di�trice, Pitkln �dunty, Colnrada, �� indieat�tl t��ldai NAM� 1't'CL� `�n�� g��k� �cc��tdenc �nd Chairman *(Fi11 ln nera� o� �tEic�ar �ax�etly �a �ignatur� app�ers b�ld+t) 2. Yhc� $ignatur� eppgertng b�losr t� my ovn a�nu�lly euQCUesd sign�tur� in tha torm and maener us�d co �x�eut� all o�EtcLal docur.�tnts in my oCEie[al capacity, h�relnabove dgs[gna�s�. 3. H@rata aEEtxed is an impr�sslon o! ah@ otC[cial soal , oE .CrxseaL RLvicer Country �staees Pitkin County ia�roveprent Di's'E'�let•, �itkln County, Colorado, as the sa�m� hse b�en auehorlsod and uac�ii Eor oE�icial docurtwnts. ., •� ?f ( S E A L 1'. . j , , _ ! � ' �LCNATUItE `CITLE ' f�"'Y..� , PresidenG and Chair�an Sub�cr[bec! and aworn to baEore me ehis day oF SeptQmber, 19�5. .� , � �„ . i.._ � < ( S E A j.`•) il� �_ � • ,�'_ NoCary Publ c . :i • ,,�Hy commission expires �/ `a-�1 "�� ,t, . . � •� 4 ; � i i ,� t i .'� , .: %s}i. ... .._.. :... ........ . .. .. . .. . .. . . . . .. �. . . . .. . . }� ti7�N' .,. . � . .. ... _ . . . _ .. � �� k� �`_;�w...: c . ==ti ��' •��_;.��.. . . :t. � � . k �-,- .�y.- �" � '1 . ��`. . ��a. � � � � • . .t=:. r�`��' � � . . � ::�,�4 � c�``+NY'` !.._ i-- . _ �. � �y.� __f�_� =��a�. : ;x� =�� �, � - r��� �, �� .� � �'�j ,��t,7��'. fi� � ��� '� ` z : ��- f �.. kS� � ' .,3 ti'' p`� `x� . ..�+ 4�} .. �_.. J���L. .. t "'�-._ . .- . . - - ... ' . s�ax�e oe eo�.oxauo ) t . COUN'TY OF PITKIN ) ) N�-Lt�IGAT2UN_C�kT'tPICA�E C[tYSTAL RIVER COUN'CCtY �S�ATES ) PITItIN COUNTY IltpROVE.I�N'�' DT5TitIGT ) �ach dE the u�nderstgn�d, as vfEicers of and aetorney Eo:, and nn b�n�lE of th� C.y�e�l ftiver Country ��t�tpn Pitkin Couney trnpravemene bisrric�, piekin Ceunty, Colur�dd teh� "ni�trlct"1, In cdnn�ccinn wi�h the t�su�ne� by eh� ni�triCC oE ���� certain $��t�g oE G�n�ta1 Ubllg�ci�n eonds, dae�d ��pt8mb8r 1, 1g�5, in thg eggr�g�te p.incipai amount �� S+t�,ObO (th�a "�ond�"l. �er�by ehrri�y au Ec�llowg: 1. To eh� ��g� o� ou�,- knnwl�d��, no lieiggtion oE any naEU:a I� now p�n�inq oc Et►r�aCan�ad, ���king to r�st_ein or �n�oi� tNa iasuanc� or d�iivery oE t8� 9onds or• tha l�vy or collact[on oE any tax�s to pay eh� ►nterast on or principal oE the 8onds, or ln � any �as�nna� quastioning tN@ authority o� proc�adtngs for th� lssuenc� oE thc �onds or Eor the levy or collaction ol satd taxo�, or aE�acting th� val[dity oE Cha Donds os !h� levy or coilact[on oE th� eaxes. 2. Noither �h@ cxiatenc@ oE Eha� Diatrtct, tha pres�nt boundaries ehereol, nor th� .i�hea oE the o�ticors a� the Dtatrtct -', to hold thet: roepactiv� poaitlona, is bcing contasted or chal- � longod. 3, No authari�y Ar proceedin�s [or tha i�suanea o� Lh8 - Bands hae or hava bQan rapaaled• :evok@de �mendade or resct�ded by impiication ot Atherwi�e. 4. ?hae none o� tha Bonds bave b�an hereto�ore lssued � under or �urBUant tn such �roceadings. �,i -'.;.i - �7 - i � �:�-,�....,.,,,� _�._- . . .tf-�,r'�" - � . � . ��" - ...�_�r^�'.,.. . � � ' � - � ��'Y. n . s. e��.,F`- ._ _ � • . � � � s . • " ..,�.„._ . • ".-�j�,.� . , �� �- .¢L _� +� �;�.esXr's�;+zy,r. s� �._ _ - .-- _. i �� __. � . - ,,�; _,�__Y � .��x' x� �- �� �'.:...: • � . ,- � ��� ,� � ,�: ��� � �� �:r. „ - �.� . � nn��$:��� xSx �` �'�.� " � 4� - -�'- . ..,t �t:-. �....:� _ _ t . _ . .. - _ _ , ... �_ ` _�.E�. __ 5. That so far as is known, nothing exists to riinde[ or p[event the District from issuing the Bonds. . IN NI2'NESS tiHEREOF, we have h�[eunto subSCCibed ouY dEfi�ial seal of Crystal River Country EStates Pitkin County improvem�ni bistrict, Pitkin Connty, ColoYado, eiiis day of �, 1985. �� ( 5 E a L ) �C�K 'r,��.L C„airm�n �nd P��gid�nt -�'�, """�t������1'�l'` s�acreca - F ' - � � �: : ,._ � `�- Couney Attncnay . ; "'� . .. ;�4�i ♦ _� ...!Y �\�'^�,P��� . . � v fi;_.' � :� ' � ` v3 ti� � . . . . . . ...._`.�...# . . " � .� - 68 - ��.`_� _:.,�Y ` �<�; . :��'x � _. ..,... �..__.._ �..�_ � �__ f c� .....:� e'aRR'� ... . .. . . .. . . .. . . . . . .. . .. . �+'�4.�t,iS \ . � � .:.! � . . � . . _ _ . : }� . , {� ���"• � t . . . � . . . �•.�. " •S ' � � � . . . . . �v.a�:,: ' . . , . . . � • '�C+�c-- . . Y4�'' .Yi� � _ �_ _„_ - `�, ':,;� '_;� ,c �� �5 k3-3 `:.r ,�. � - ��� ��- ��' ,>.- ' , �t� �s' �� lr•i:*. - ''-� _ �. $r. c��� �S '" [",`�''-, s. . �:_�� ',f:� .,e .:_�'R::. ��,..}.��.'�:�Tix:+L���.�%_:� -:5:: r,_:'�'� ��... � STATE OF COLORADO � � COUNTY OF PITKTN ) • ) SIGtiATUR� C�R1'IPLGA7'L CRY5TAt RIVEit COUNTItY E5'PA't�S ) PITKIW COUNTY I�IpROVE:IBNT DISTRSCT ) �aCh of th� unde�siqned, as �x-�EEiCio nfEi�eCS of �nd an behalE of �cys[al Etiver Coun�ry E�t�tes PiCRin Couney inprov�nene bLstriCr, pirktn Cbunty, Ce►ldrado (�he "Ulgtri�t"), in cunn�etion wieh �he is�uanCe d� rhae r�reain serie� o� Geneeal tlblig�etan Hand�, S�riea 1�85, da�ed 5�tptemb�r 1, I�NS, in ef►e �ggregat� petneipal �re�unt �E SaU,00n (Che "�ondg"3. h�r�tpy a�rtiEi�g �g Enll�w�s _ 1. fih� un�ergf�ned were en�a Chaittaan o� tng en�rd n� ��" k` dicertnrg and PcagLd�na nf �h@ nt�trlec, end �n� s�cr�cery d� �he • Diatrtet, r�sp�etiv�ly, on th� d�a� oE ena axa�euc[on ana �n cn� dat� oE d�livary o� the B�nd�. 2. 'th� Eaeaimlle �igneeuc�r ap�aring upon th� Oonds are Eh� Eacatmile siqnatur@a oE such o��tcors, cespeetivaly. . 3. Th� Eacslmile at�neeures se�r�a duly aE�ix�d wieh th@ knowlad�a enct eons@nr oE tha und@rslqn@d oEEici�ls whose �aealmil� aignatuc@s tN@y purport te ba and al�a sam� are harabyr adop[�d. 4. Tho soal which epp@ers on @ach oE th@ eonda is a Eacatmila oE �he duly adopeod o€�tctal s@al at th� Olaer[et, a ma�ual id�r@asl�� oE which ia lmpres�ed on th[s CaretEtcate. IN WI'[NESS HHBREOF, va have haceunta au9scrtbed our namQa and aEEixed the ot�icial saal o� �ehe Cryseal River CounEry - 49 - „_`�_ -�: 4 • + } y_�r�, , •r.i .,* `z .��, . , . ,.Z�`:._,: _ . . .-�� �i a�.;.. � _ . . . . . . �-4..-.5 . � . ��� _ 3�: � � ' . • , . i �...e�,.` � ' . . �����." ��X''�NY„-,�:�.� . �� I�_ Xi� i' � YY' `R__ � — �_ �.1�� . a. . ..�t� �'� j +� r ii�� I �f � ��F"� ..._._. �.< <.:2.t. 1w.;iS- ��_irs �.r� � . .. �states Pitkin County improvement bistrict, Pitkin County, Colorado, thfs day of , 1985. �� '��;�� f ( S � AL1 ��'k Chairman and Presid�nt Sign�ture� �EEix�d tn trip above Cerricica�e and upnn the abovQ described 8ondg guarane�8d �g �ho�� oE th� oPlictala, respectiv�ely, d�sign�eed abov�. ' Kirchnur Honr� � Company ; • D�nvsr, Coler�do _ <Y� �y= t �: i --' ' Tiele: -°. 1 _-. 4 � - , ;�� - .� . �� � � : � ; � ...^R� . - •• � . . � � f t -�� . � �y � �. � �'.� �:; ��`R � �,,.z.,.......,_. ..... _-.:.._.. .. . ... . ... . . . ... _ . . . . .. . . . . . - d4'��:.-�.r . . . . . • .. ... J� 4 t ��r.�''��j - . ?+.,- ��iP , . . � �y ' . . . � , . - . . - . r -�:.%`�. - - . � . � . �`- .Y � � .-:ti�: � � � . � �_ !4� � _ . _ __ __ ...�...� =_�. - , �, :':`:�C�r'�� .. . . . ..A k9' _ �Sez �R j " &AU:� ��.: ,t,x �s,.,Y a'!y� p .;� �""'� x :,�s�� t�'- ,.#.� �'S�T� -. ''f� � ° '5��5�- •���.a ���.'.���:..�.��'�'��� �''r .:�:� s�.�. �,, : STATE Ot' COLORelDO ) CEkTIPICr1TE OF OUTSTANDING 1 COUN'CY OF PITKIN 1 INDEBTEDNESS The undersigned, as the Couhty Glertk ahd Recorde[ and the County '�reasurer of Pitkin CouhCy, Cot�rado. hereby certi€y that Crystal River Couhrry �states pi�kfn Ccsunty Impravement Oi�tttet has weSCanding general obligation uonded indebCednes� in the to�al amounc oE S40,OU0, in�luding ene Edllawing issu� oE Bundss [n�u� Ara�unc t)ut�a�ndin� Genar�l t�bltq�tian Nandg. S4�,l1UU (�n�n i$�u�d and t�e�d 5��t�mbar 1� 1�85 �ut�tencfing) IN Ht'P��55 WH�ItEOF. � hav� h�c8unt� �ubae[ib@d ouc names and aEEix�d ehe ��aL o� �he County, ehia dey a� � 1�g5. ,,,c1 P�r+. r ,ts, :i •�'' , � .( $ E A 6j) COYnt C@Ck � �� , , y 4i f � � � _ �� .,_. ����f, � �T/..�„/ �����;-� Cou�cy 'Lretasure� �_� . � ; _ 71 - :3�� 4:,.�,1 ���7•-;� z.:�r ��§�._ _ _ - �� + _. ��� ; '„_- - . Y� '� ., '��; � . ;�� �� � _ _ ' �,.�: y;�� �� • � - _ �,� .-�,. � � ���-'•� ����� - �-1..� '��F.� � s ,'; ' :jR r� � - rt�, _ . -� .. .�'��-- ;�`�� �. .� - 1'' . _ . _.... .... � . ._ .__- s� ... � - - . � 5'tA'tE Ot* CaLORADO ) CF.12'fI�ICATE OP ) Ci3UVTY �p PI'tKIN ) ASSE55L'_tl_VALUATION The unde:siyned, as the Coenty Aasessor oE Pitkin � County, Colorada. He:eby certfEies that the Cotai valuation �or as�es�reent oE thc ta�t�bl� praperty wcrr,cn �ryst�2 [tiveY CduntYyr �s�ates pitkftt Caunty ireprov�m�rtC btstrict, E�itkin County, Cbldrad�, is ��d5,150, a�ing th� valuatidn ge�r agsegsmenc Eor th� y��: tJ�5. . DA�C�� thi$ 8ay �� . 1�85. ° � ��-t,U,�C'1.C`'��..+ , ounty .�s»��gor 1 t � � � � _.� -� �.F �.-°.S '�k ' -.'�:'..: . . . . . _.':'� _ 72 _ �:��� i�T�j �. � . . .: . .... ,... .-,.,,, .... .::--..�- ,<_ , . , _---._. _ ._ �,_.__..._ .,...:. � ,_ _- _ �. �� � �s . - '� . � . - � �`; � , ' . , , 4. r � r ... K:.��-'i.� 1 . . ��: �`c< <4s,� - . � �;� `„ '��`�"�iai i°��c"-:`'?;. , _ .. .r,'��._,"..h 'f.��� __'.:.3•rs.i=�.. �:�?AM��.�� h ��.�� F-4 . STATE OF COLORADO ) � Gal7NTY OF PITKIN ) NO ARBITRAGE C�RTIt�ICAT6 ) CRYSTAL RiVER COUNTRY ESTATES ) PITKIN CUtiNTY I?IPROV�MENT UI5TttIC'r ) 1. In General. 1.1. 7�ne unaersign�d is rhe ex-o€ficio Treaaurer r�E th8 Crys�aY Ftiver Country ��tates t�icxin County Impreve+nenr !)LBCCiCE (rnp "issuer"1, and dnes hereby reraiEy tnat, as an oEEiC�c oE cn� Is�uer, t am ettaryed �ieF►ee �lonp or wirn e�thers w[th the C�ap�nslbilLty oE isguing anci deliv�ring the tssu8r's G�nera�l obifg�eion C3�it1tl5� dat8d Sepr�mber 1. 1g�5, in tn� aggr�gat� �CIflC�j]�1 �ifltlUtlE O� $�O�1100 (CFIf! MNbf/d8�). t.Y. �hls Certt�irac� [s �x�2utad �n� eha purpag� dE ��t�bl[�Ning Ehe r�.��dn�b1� gxpgetatidn» dE th� I�uu�E a$ �n Eu[uCa Qv�nt� reyarding Eh� t�gue['3 �t1d�. Tf1� t$BU�C hds hdt b�sc�n notiEiad �f �ny iisting or pr�po��d listlnq oE th� t$�u�r by �h�a inEernai tt�venua 5�rvtea ag �n t��u�r chat mey nnE e�rtt�y it� 6nnd�. t.3. To tn8 b�3�E dE eNa undarsic�ned'ss knnwl�dq�, tntorGwtis�n, �nd �ati@�, tN@ �xp�etaElana cont�inad in this CaeelE[c�t�a ar�t caaaonarila. 1.4. Yhe �ee�� �nd usEimat�s in Seceta�s ] �nd 4 dE this C�rtificatr� ara ba$�� un r�pr���ntatiooa mad�e by Kirchn�r Yooro i Company, oti Uanv�e, Colorado, eh� [l�enai8l advtsor !oc ehu I�suet. Th� tasu�ec !s not awaeo oE aoy �aces or eteeumsta�eea that woul� causQ ic to �ue��ton tho accuraey oE thosa reprQSQneAeiang. , 1.5. TAIs certtEteate is bein� ctxctcutad and �feliv@red NucsuanC tq SaetLona L.lU3-13, 1.10I-14 and l.lU3-15 oE tho Income Tax R�gulAtions premulgateci unc�QC el►e Intarnal Ravenuo Coda of 1954, as amended. j 2. Th4 Pu�pose A� the �nds. � 2.1. The sonds aro being isxuad Eor Cha purpos@ oE pcoviding Eund� Eoc paying ehe eosE� et replaci�g an acceas bridga ,; and pr9vidtng cecEaln atceeE improvemant� (the "ArojecE"). � 3. SourrQ and pisbuesament oE Fuads. �.1. The Bonds Will be sold to the purdiaser at a price oE par plus acccued intera�t qn the sonds Ecom September 1, 1985, tv the ddte o€ thi� CectiEiCate. ?he accrued intere$t will ba depositad on tha date hereqE to the Issuer's �o�d ACCnunC creaEed by the authorizing Ro�d Resolution (Che "pond Resoluti�n'), and - 73 - r�:r _',_---_ Fti.r� ��-�� � • � . . `��'€ +'h.d-�'.. . ' . . - " S) � �` . �� �' . '`. . . _ . . yjf�:'.. � . . � . - . ..����3,• . . "�y�� ' r�_� Y �. � ! .�•�+'.�.���•_ 1, I �.._ ��:�+ .�.i � • �._ "-1',�.�.,' .._ ' • � ?"^k�t e'�'T..; ."` . . � _���� ✓� - ����. ��/.,, �7' . . .:.9 F�' 'ti, '��.�a.��E'-__:_. rw+�r � -.r;V . ki �n x.ti .ct�. will be used to pay a portion oE the interest payment on the e�ihds coming due on June 1, 1986. Accordingly, the net ambunt received from the sale of the gonds and available to pay the costs oE the Project is $40,000. 3.2. eased upoh the expected yields on available investmentS and the projected schedule oE constructfon, it is reasohably expected that the Issuer Hill have no earnings oh the ihvestment oE Bo�d proceeds prior to their disburs�ment to pay the costs oE tNe Project. J.3. The $d0,000 received by the tssuer Eresm the sale o� the 0onds and available to pay the costs dE the i�rujeCt i� expected to be n�eded and spent as Eoll�a�� 5itU�Ce i ��er Hnnd prdre�dg $40,Ot10 U�ct: CangEruGeiun Cn�e� $32,11tl0 ! ��nd t��u�nra rdgt� 6,dU11 - Ul�trirt ��rm�etan e�st� L,tl00 Cdnttng�tney l d(iU �ra� ,w 4. Tamporary Pvriuii. A.l. ti[thln �[x m�nth� aEEar EN� d�t� N�reo� th� iasuer wtll �t�tQr [nto a btndinc� �q1[q�tton wtth a Chtrd party to commane@ or acquira ENe� Pra)�et oblle�at[ng an axpendteuc@ [n axea�s oE 2-1/2i �E Eha ProjucE eoRt. 4.2. Upon antQrin+� InEO A I��fl�Ifl� obitgatton fot � cansecuction oc acqui�ition �[ thQ Pcojact, constructlun or acquisition wtll commanec� t�ae�tatQly aod pracectd vj�h due dLilgQnca to eompLQtion. 4.�. �e l�a�t 95i nt tha spendablQ proeeQds Er�m tho aat� 4[ thQ Ho�ds wi11 b� u�ed fAC acquisittan r�K eonsEructtoa cosES �L tha Project vithln threa yaars afear the data herenf. S. Bond ACCQy�1t. _ 5.1. Honey sfepesited in the Issuer's Qond AccpunE trqm ° the collection Af ad v�lorQm Eaxas will be uxed Ea pay the princi�al of and interest on the eonds. Tk�e Bond Accnunt will be ussd t9 achievQ a prAper match[ng of revenuos and debt service wiChin each b4nd year. Any money deposited tn the BQnd �ccount will be sPant within s� thirteen-r�onth pari4d bec�ic►nin4 on Ghe data oE dapo�it, and any am4unE raceiv�d from investment aE monay held in the Bond Acc4unt will be rpent within a one-year peciod bec�inning nn thQ date of receipt. The Bond Ac�ount will be - 74 - ��<. .`r'� . :±������ • � ��:3 .T'' . . —'����;� . ... � ��, .. `� _ . . .��c,. � . ' . . . ;. � . .d^�=". . . � � . �"�°�'. . . +...aJ�.f?%:" . . �Y `.�. p t} ". :� t'�'.�-• .-t . . �.'• ye- � x . �t ,<�-e ��'"`'t!�� -"�`?�` ..K'�; �'�.f�fi. fxA s'�l 't �.;. .,: - i .�k �3 � t i��1.� s��"r � , ;r . :;_ "'. i i :b.`�`�-t �:, t�4s't`s�.'-� 5 "., '.�x]�r'�' x ; �F.• �l�.Y.i � F , , s, .. . r,rs }4-; � ._.._... _..- � �-.. ot_r% -'.. . . ' � . . . __.. �__ � � } - -' - _... .. + - 3.: -t....rYii.�.��...� . ��_ --� - _. Y depleted at lea5t once a year except for an amount not to exceed ttte greater oEs (a) one year's earni�qs on the A�couht, or (b) 1/12th oE the annual debt Service on the tlonds. 6. Miscellaneous. 6.1. `fhe Issuer doe5 hot reasonably expect that the � Project .►ill be soYd or leased Eor mdnetary consideratinn, in whnle o� in part, prit�r to the Einal maturity date oE ehe l��nds. 6.2. Except as ser Eorth in 5ertion S oE Ghts Certi- Eic�te, Che Issuer hag no� creaeed ar esEabliahed, nvr do�s tt �xpecE ev �r�a�e dr es�abli�h, any oEher Eund or acr�unt whieh it re�gdn�bly expects to us� rb p�y tNe prinripal nE or [nter�st an rhe �nndg. Y� �mount� in any other �und ar acr�unt of Eh� Tssu�r ar� re�arv�ct or pL�dyed Edr tne p�ym�nt oE tn� prin�tp�i dE dr intgregE �n �ne tlnnd�, nar ig th�re any re�sdn�bie a39Uf�(tC�i ae srcpere�eidn tha� any pdrEidn nE sueh nth�er Eun3s �nd aerdunts atli b� �v�tl�blg td pay the �rinetp�l �� c�r tntaragt an thn �nndss iE th�t f�$u�r en�ountar� f[nenet.�l dffEtrulty. 6.3. Nd p�r�ion �E tN� procaad� nE tMa ��nd� will b� uac�d, dirarely c�r tndir�cely, to r�pleea oeNar Eund� dE tha isssuer tN�C �tliitcr+i�� wur� to b� u�ad to Elnanr� thc� Proj�ct e�d th�E hav� tKt@n or altl b� usnd, d[r�e�tly or indi�aetly, to �equlr� inv�a�eraanEa wlth a ytald 1n axeasa oE eh@ yiatcl c�n eha Donds. 6.4. Tha Bond� �r� nat �n� wit! net 6� �art oE a Er�n�aretnn �r �@rla� �E er�ns�ceions thae �team�ea en �treumvant Eha �rovlsl�n� �E S�eclon t03CeI oE ehr� Cc�e, and eh� r�g�il�eions th�r�un�lar, C�) ctfl�blinq Eha Ia�uec to Qxp1o[E eh� dttEaronce botw�tc�n Ec�x-exampt and t�xa�1Q int�r�at rjEaa Eo �ain a ma�e�tr[al linanctal adv�n�ac�e, and (6) lncraasing th� �urdon oo tha market � for !ax-excempE ot�l L��t[ons. 6.5. ThQ paym�nE oE pr[ncl�al �r LntQre�E with respect Eo thQ Bon�)s is !19C �YACdfllQ@Cj (in wh�la nr in parll by thQ United 5tata� (AC any �gancy �r in�trumene�lity [N�cew�). The Bonds are n�t i��uecl as pact qf an is�ue whare a z�ic��i�ican� �ortion �� thQ proeeacis At su�h t��ue arQ t9 bes Ii) u�Q�i in makinc� lAane� Ehe paymant qf p�ineipal c�r int4resE witA r4spQet to which are to be guar�nts�ed lin �hol� Ar in paet) by eha llnieed State� (4� any ayQncy q� in�trumenE�lity there��), s�r (iil invaste� tdir�etly or indireetly) in �ed�r�lly insured depastt� or Aecnunts. The paymanC oE princi�al or [nteFast 4n ehe �9nds is n4t oehecwis@ irtdireetly guacanta�d tin whqi� or in part) by the United Staeas (or an �gancy oc ins�rumental�Ey CI14C6QC). 6.6 It i� not �aa�qnabl/ expected that all or a sic�ni�iea�t pqrtion of ths �roeQ�eds o� khe sonds will be used dir�ctly or ►ndirectly to raake nr Einance iqan$ to parsons wha are not "Qxempt p�rsons" within the m�aning oE Subsection 103fb1(3) Q� tha �4da. - 75 - . �� � ::�:`_ ., �}, �� � . - • �,-.�� . .�� : , . n�;��: � :��:r.r�:' °�3.t;,;�e:;,�. :l'-;',;K�:.-�<., . .ii{;�._.;.._y_'..�' , i'�^r ~�t��.. .:�' �� ��5 `` � �. . _ tSi°�% t- `_�_ � `�,S ��� '�. .. • : -. - �,�Q�i�.y� ���_ :..i 4� 3!4 . �:,�"'.�'_� _; r .�a. �. �� _ . . ... . . � .. 3 � a � YN NITNESS titi�ReoF, i have hereunto subsarfbed my n�m� f and �fEixed the vfficfel geal of the issuer this day oE € _�r 1985. - � � 5 � A t ) Cry�tai Ptiver Co+�nery est�ees � ' l�itkin Covnty Improverc�nt c�-��,�,�„-�.�. Distriet, Pftkin Cdunty, • Coloradn ; , ,_ ' s �_ �QtLr' C:� �. /"s�,.�.�r.r,- 4� - 'rraa�ut�ar � �./� + i � `: _ _` __ �.i� ,�'� . � . �-$ i.�:., -.��..� . . . . :�V S� { ..1 . a=1 � ��•! � � . . �� . t ! �rJ� . . � � �. �=t . ,.:.t=j . . - . ._a • �; � -�� - 76 - � � � � . ' . . _ � . , . F �:. r} _.,.�.a.. _ __ , � .�i.� `.s:�� ;� >_ ~��. �_ '1 � � I• ,: r• ��e - �;��'_ �d.�� -� .�� 4� ,1 '' *_ . , � _ , � . _ _ .`:«` e . -`� ' , ;�r: . °E- - .+.. _--��4... .. . . -a L�. .. . _....�ti� . ._�. ._ -- OPINIdN OP COUN5EL gased on our examinaeion of i�w �nd c�vi�w aE thp above accompanyfng C�rtifieae�, w� are nE th� apinion that tne facts, egtimates, and �ircums�anre� are sufEici�enrly set �or[h in the abovp C�rtiEic�te to s�tis�y tt�e crfteria which arp necpssary und�r 5�cri�n� 1.103-Y3, 1.103-19 �nd 1.103-15 of the regulatidns � undec S�ction 1t�3(c) d� thg tnternal ttevenu� Cnd� df 195�, as amandad, �o support th� cnnclusidn Eh�t the eondg wt11 not be arbier�g� bonds. No mac��rs hav� eems �o our aeE�ntton which make ;; � unre�sonabls or incorr�ct th� repr�g�ntaaions nwd� in the CertiEicatc. ;:".� �� > �`-`,�=1 LAMM EDSTRON i BRAYMBttr P.C. <� _'°� By= -'`� , Datot • _. 1985 �I _; ..� .,.� . I � `; ` _j � - .� ryi ._ , : � � . � . ': � ,,! . .-,_�.�.� � .1 � 77 � T'�',:, � . :i �i'.! �3�� u a ' . � - ...-.., ..,_ �.. ., . ,.._..._. �..._. . ...., ,:. ,� ... ..,. . . . :._... _. . ...... . ... . . . ._ _. ',�k- � �f•. � . . . 2. - � � . . . � . . 1 - _ ,n_�. ._. kl . . . - . . . � � f... -: * 2 4� � . - -x: ;i `,r',fi�_. . ,� „�,� �y,� �, k �+ ; t - ��,�.'�_ ��r c�'s � ��� �� ..0 .v � � � � hi � ' ...� si>'�k'��� s` =t���`'�j�'_ ..y� ... _. . 5TATE UF COLORelUO ) ) CERTIFICATE OP BpNb COUNTY OF PITKIY ) ) REGtSTRe1R e1NU PAYtNG ArGEN2 Cttif5TAL ttIVER COUN'TEtY ti5�AT�S ) PLTKIN COUNTY IdIPROVEiHENT UISTRICT ) 'fhe undeCSigned offiCeC oF C�ntral Bank oE Denve[, a ` bankir►g corporacion, Uenver, Coloracfo (the "Bank"), Ln connecti�n ' wien the i�suance by Crystal Kivec Ce�untry �st�tes Pitkin Cnunty Imprdv�rt�2nt Uis�riet� Ptekin Caunty, Colc�eadca (tn�e "Ia�u�r"), a� ier� G�nerai O�Yiq�tion ►ionds, 5eri�g iN9S, d�Eed ��ptembar I, ', 19t15, in ahe princip$1 �mnune df $4tl,On0 (tne "ec>nd�"), h�r�by • r�rttEte� a� €�12c�a�s - 1. =Ph� �nk h�g bg�n rf��tgn�c�d �� th� [lon� it�gigtr�r , and �ay�ng 1►qanc �ar eMe �ndg. 7. `Cha �ank Na� Eull authortEq und�r th� laws nE eha -- 5tat� uf Cdl�r�do an a�e �� R��igtc�c and Pay[ng dg�nt, and nas �_;;: , aec�pa�d end daas haraby acc�pc th� duttss nE Ragistr�r and Paying '� Agsnt und8e tna Paying .1g@nt �nd R�gt�trer AqrecemanE ��E�+a�n �he IasuQr ,�nd ch@ Honk CeN@ "Agrawn�ne"l. 3. On or ba��c@ the A�ea IlerreoE, the �ank dtd ax@eute ' the Ce�r�tlia�ea oE Auth@nelc�tton a�8�aring on �ach oE the ��►aa by ehe algnaeucct o� an authorix�d al�natocy oC the �ank, and such �onds hava �boan Eully ra�iacQrQd. - � 4. The in�ivi�uala wboa�a signature� appoa� on th� f C@rtillcaeQ� o� Autheatlaaeien acQ 9uly auchorizced Eo 6ubeceiao it sucM signatur�� an tha �onds a�d Eo ac� as authorisad signator�laa . ; ot the �ank. ; 5. �u��uant t� tha Agraeatant, Ehe Bank !a hold#ng tn ,,.� �i' cus�ody. E�r use only a� pravlda� in the Agreawene, the rema�ning ,J blank bonds. ` 1 � � i � ( : ; F � 7V � .�.b�^� ' '�.; s . _. . _.. .� . ... . ' ,,�:. _.-.;.�-_ _, _ A r'�,,�.�.._ _ . . . . . -.`ic.� -,'t': , � � .-,'�`.w�*� - . . .����� : .. .. . . �. . . , '+��3. .. � � . ...Tq.st.� ��: � . ..:d�y..' � � ��. �.,�y.—;s ` ` . . _� ��., '�.,�.:`-....�..; Y L:���'.n;,- . s - ,<xi :v� _ - • � _� i �� � .� � ��:- •1 � -'A E }�� � + �ry.�L � � • M-L; �._ ' . - _ ,. . .- . � � �c � v ��M1. .. : ,�.� _ . -,t: . . _ 'L� "' 6. The undersigned ofFicer of the 8ank is duly authorized by all applicable laws, cules, regulatfons, and cor- porate doeuments to make th� representationg contained herein. IN iJi'�N�55 NH�R�O[�, L h�ve hereun[o subseribed my name and affixed the corporate se�l of Central �nk oE C�nver, a 4 banking corporatinn, t?pnver, Colorado, this day nf , i 1985. ( S � A L } Central 8ank of benver, a banking cor@oration , Denver. Colorado ! � "�} BY: ,'! `.� Tit1e: : <� . �.;;;< � ",i . i �t ,� t , 1 , � � , .. ;� � � • - 79 - i �� .:�. �,�� ,_ _ . . . � _.... _ _ - :,�. -,:' . _ - , � - - , - . . � ,' . . � :s:=�,; ,:�,i <.;''�_�> � - ,.� ts t����� . �.i .'_� �.�.1, Y" ��a'S'^ �'a�.f J��. � E - � i. y,� A. 'i['�,. !'4 � .ir ".'Y ;� ' �., �� .-! . �`.` i�.�#��. ���.e:i:... �u�..,.-- . .._�_._ ._. _��... �.s.1.� ... :,..t . ,.' ' STAT� OP COLORA00 j 1 - COUN'�Y OF PITKIN ) • ) b�LIVEI2Y C�ltTIFICA'T� CRY5TaL ItIVEa COUN'CIiY �S�AT�5 ) PITKIN COUNTY I.iPROV�MENT DT5TRIGT ) �ach af the undersigned, as oEficer� o� �nd on behalf o� Crystel River Counrry �states pitkin County Imprdvement bistrirt, Pitkfn County, Colr�r�do (th� "tiiscricr"), in ronnection wtch tN� i�su�nce by the bistrice of that cereain ��eiQS of Gen�ral Obligasiun tlonds, 5�rieg 1985, dated 5�pe�mb�r 1, 1�85, in thp agyrcgate prtneipal �maunt of $4d,U00 (th� "�nds"), her�by certiEies �g fdllows: 1. Th� 8ond� uc�r� daliv�red Cd , D�nv�r, Coler�do (th� "purchager"), in aecocdaneo with ' ; the contract oE purches� �nd with eh� eond R��oluEion auEhorixing ' ' the tssuance ot tha Bondg, and che DiatricE acknoul�dgas rec@ipt of the Eu11 purchase pric@ thar�oE, as Eollowss Principal Amount: 540,000 Loas Good Fa[th Chcrak: (800) Plus Aecru@d lntaresE Fcom SoQEnmbeC L, 1985 TOTAts $ 2. The at�temenea mado in tho CectiElcaE@s ox�cuEed by tho Dfslrict on pagoa 64 to 77, inclusive, tncludt�g but not " 1lmltQd eo proviaiona th@rel� relattng to oEFlcers o� the Diseclet and thetr signa[uceaj eho absenca oE any litlgation concerntng the Dlstrtc�, its ax-oEEicio oEticocs, and the BondsJ and tha oxpacted amount, uao, and i�vestax�nt oE uand procaeds, r@main truo and correct to and tocluding the date oE this CeckLElcatQ, and aac1� a! -i .. } , { • Tj i i j - BU - ��...,:. _...._....• . _ . . . , • - , , � rt.�.-� a�,•1�_...n� . . ,;��°-:`r �:H . ,�'�y°`��" , , _ � - . � . � . '�._.>::, �riF,^.: ��•F . . _ S;�T- . . . ' . 3 , � . —s`^` x .s,- _ J� ;`t,.r?a.:.:��, �,.�.. . �, ;�.,�t .. - �n.f= r7,.,`�ieh. � : ..." w li�a'.. ' . - • �I }�4�� . . 7� {k �� .-.�`; �.�y . ..�t: , _ �i � . i.::y�}.e R� : '�.'�.. ' ,,,-�-�'_, � � . ..i'� �.' x : ;�t�i�lS` -_-k " -Ai the parayraphs therein set forth is incorporated herein by , speciFic reference. - IN HLTNE55 tiHER�OP, �re have hereunta subscribed our i names and affiXed the offiCial seal oti G[ystal RiveC Cduntrty Estate� Pitkin County improvement district, Pitkin County, , s Colrsrado, this day c�f . 1985. . ( 5 � A t ) . �V'"`� f���'�"""`" � Cnairma �ncf presidene , : , i ' ; 3gCCeE�ry . ..� � . . �� ��f . � �� - _ .� ; /�• ��G'� :� � • .,� `Cca��uree i .� _ _ - , -� �i ; :� ,� � - .. j - - S1 - ;s�;� ���: _. _, ....__... .,�...4.._� �, . � _. _ � '��.._..._ . � �` ,�y��j' t �'fii�s:t ' � , . • . .-� 2� , -:,r�: . . . .� , � . . F. tt' f 1