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Home My WebLink Aboutbocc.res.077.1988 :�:�. ., � � _ _ . .,., .._.... � . 1�.j �, . . ..... �_ . ` . . � r �"j��J�F�'t•��21g{�y� 'k�1 � °'� 5k��'qjy��*�� t� 1� �� H, I` � �:. f=Y� S�d k�'. `w'�i)aC7!t la r�rN°�.'t��1 �,�. i . � ? { � _�4n y-0 � c��. )f�i�� k T' .� v ,s� �,��r sr.4 ��1��'" �4��, yt� la iry^� .� .. ::��J'�,�q� k � ��1j��IP��G� ��,�J-��+'�7��''r�� -b.'i �Cs-=� r.��`'� .r�3�1��'t��C��M'� y'" q.�9 {�' .y �f�� rF..: t(�q f'f�'l' ° i1 jy7� - �.. w�r c t � � '.+' y M1�.. . . ^ T.p.� ;,�'N�f��' -n4.i.':+,¢1PiCL�I��..kA M� i�t.. �.�7LN,4.M'�M['.YI'�ro��,�"' M6 -.. - . RESOLUTION NO. ��-7 9 A ItESOLUTZON CAI�TVASSING THE RESULTS OF A BOND j:�''; ELECTION FdR THE PITKIN COUNTY WEST ' BUTTERMILK GEDTERAL IMPROVEMENT DISTRICT; �'?' • DECLARTNG THE QUESTION VOTED U?ON AT SAID ELEC:'ION PASSED; REPEALING ACTION HERETOFORE TAKEI� IN CONFLICT BEREWITH; RATIFYING ACTION PREVIOUSLY TAKEN TN CQNN$CTION THEREWZTH; AND � DECLARING AN EMERGENCY. } " WHEREAS, the Soard o£ Directors (the "BOard") of the h:' gPitkin County West Buttermilk General Improvement District (the '' . _ "District°) did meet in special session on Tuesday, July 5, �'.- ` `�* 1988, being the next regular or special meeting of the Board !; �,� after the date of a special election held on Tuesday, June 28, ' 1988, to canvass the results of said special election; and '� :� °'�� WHEI2EA5, at said election the following question was ' •:'� submitted to the gualified electors of the District: - ;.�; .i. GENERAL OBLIGATION •'� BOND QUESTION SUBMITTED: � �`^� Shall the Pitkin County west Buttermilk General �� Improvement District, in the County o� Pitkin and State of Colorado, be authorized to issue, in one series or more, its general obligation bonds, in the ='? principal amount of not exceeding $375,000, or so much ';=� thereof as may be necessary, for the purpose of the .;; acquisition, construction, installation or completion of curbs, gutters, culverts and other drainage ..r� facilities, paving, lighting, traf£ic and safety - controls and devices, grading and other street and safety protection improvements, together with all �..� necessary, incidental, and appurtenant facilities, � improvements, land, and easements; each series beazing ;;� interest at a net effective interest rate not exceeding <, -� eleven percent (11�) per annum, maturing serially ' � commencing not later than three (3) years and extending , _ not more than twenty (20) years from their date, or i dates, payable from annual, general (ad valorem) tax 1' levies, without lim?tation as to rate or amount, and to �'.�'� be issued and sold a� one time, or from time to time, [i . 7 in such manner, upen suc?� tezms and conditions, with � -- 1 such covenants and agreements, and with such other } ' � 'i detail as the Board of Directors may determine, �--.:!�<�. 4` n including at its option provisions for the redemption y � of bonds rior to maturit without or with the °` � .� P Y Payment , r,.?�,: .1 ��.�IA� ��4 J _g_ ° �;� Y i 1 �� ^.'A . � ~�� . . .�. .. � . . ... . . .. . . .. ..... . . � . . � - � . ' - � . ., . �. . , , . . . ." � . S`: .. . i.. . . ` . M Ci Y�.: . :?��'t';! .. � � . � . . ;k�' �fJ�f�+_.�_i! .. . i�'�'.:r�_t.;:: _ . . ..:;�"��,:._T� � � . ` � �{� •�'4:�%��,'�...',,.�.`'- _ , ��. ']�;". . hr�=r�' � ' ' :��4�'bY�", . ,�:'��t."5f. .�:>li i:�;+� . i''��'r;;;�y»`��!� s! � .3�i�"' � �i�' � • *� ,. .��.: .. .._.. ..__�....__._. _........ __.. ._ . � ___..._ .. - �n, _... 5 , � � - � ��[[��` ..x=Y��xfi*t �'�� ,�},�_,� �}fh( a� � 4 F;: . .�kt''c� Li ��i- 1��ir�S � 5� SZ `�eC` ��S�I+`?��"� ? ,�e�l,��r�"�L �� ^�5 \�j < . '��ti iti�i' 4 : �,�.,�i�� rAA..� i(41 e {;- t TL .�Lr�1 ��i y�+•s�.��tc . '��"{`�-'t�'`f{L�)M,�Mf�l� F � .. � ��Y,�Le„�p?r� ��\�Si�v"S��f�,'�,�'Y�r f't�,��C��t��.�,�t�, :" �t �`7�ai,r�a^��:�sT- ��,��Sr{�* ,��.�• .:�' �s.._..._. -s-_=..._ .� �_ �tti. �.: "�S',�.A.i 5•.'.. ,..�,'.'�L�Ea�•i`'.Sr'�dr+��C:,�.n`..�'�-.�6' �2�.,.�`:_�� ...-...� .._.r � . . of a premium not exceeding three percent (3$) of the � principal amount thereof? ; and • i ~ " WHEREAS, the Board has received, opened, and examined 1' all �he certificates of return for said special election. �-_ NOW, THEREFORE, BE IT RESOLVED BX THE BOARD OF �.`` , , DIRECTORS OF THE PITKIN COUNTY WEST BUTTERMILK GENERAL j IMPROVEMENT DISTRICT, IN THE COUNTY OF PITKIN AND STATE OF ,.`?� COLORADO: -`4:i i. � Section 1. The speciaZ general obligation bond = election held in the District on Tuesday, 3une 28, 1988, be, and '; .;_ �``2? the same hereby is, determined and declared to have been duly ! ` �"�� called, ordered, and held in strict compliance with law. y*� , ,':� Section 2. It is hereby declared that the result of , the canvass of all the votes cast on the genera2 obZigation bond � ",:.� question by all electors of the District, including nonresident and absent voters, in the speciaZ bond election held in the District on Tuesday, June 28, 1988, is as follows: - ..`� �3 ;'�i� FOR the Bands: - AGAINST the Bonds: 2 Z .r�� :._� TOTAI,: -�� ,'�y� Percentage o£ those for the sonas: �7 � SPOILED SALIATS: � •• '�'T� EXCESS BALLOTS: � ::� UNUSED $ALLOTS: �S `_•""� DEFECTIVE BAL7ATS: B^ .'.'� Sect.fon 3. A majority of all votes cast by qualiPied - '�_:? electors on said question being against the issuance of said general obligation bonds in the amount of not exceeding $375,000, - this Board is by said election not duly authorized. and empowered - to issue bonds of the character, in the amount and for the i,� . • purpose set forth in question submitted as aforesaid. � 3 �'..:, '. _ Section 4. The Secretary of the Board sha21 .�� ';�.�^, immediately post the certificate of election results for said �a..,�. _ electioa at the re lar meetin `'�'"` ' _ gu g place of the bistrict. ;�F,a ''��. ..�� ;� -5- ��,: -r��' . "� Y i3�' �.M . .��.�...: �: , . .,. ., . :��.d',... �...... �� '.:. '::- :....., . . .:.... .. . .. . �:_....�....... . ...: .....:' . .... . ..... . . .. . . ........ . . . .. . Ky�e!i� :"P�,_�="..�� ' , .� , �w� �.y:r:'T?ti�, .�.� _o { ��e-.�:. , �1.,�'~`-��'�ry�t: .. ' � . :a.;'�';��..,-, � � ��a:'. - .�V�i%:S.'. �h�:•(.�': . XcFk,y,��4��?�„y.j�' - � ��1��; iM �,� � f ['��. 6, • . _� �y �:1'^� ��W..+k..: . ... ,� �.�.,a....ug¢crw.i.a� , �r. .,. .. .._ . {.� --�- �----....___ . . ___....... _ _ _.,... .. � {,;t?e',�". ... . ..... ... . . .. .. ... .. � . . � }, ,�v,,� � , l*� krr¢s7�,1�. i5;�i�'y,�ii�'G :. �" r a,+.� �� . � fi b4�'+ro� �} �'S#�� } : . '�.��p�g�j.i.,�f��C��!" 'R� '1.�'�C� l�{F .�'R ��7 '...N�llS �' � i.v sl'�!!'�,+Y-� 4'� ' �[�I" � a:. Y ~�� y;6'i-�{41�p '" a; 1F"r Mrr.� r5� [T� v a c� �v ,. , ,y� ¢ . "7�i.;a- ^,t, *t,-�� Y <1' �, ,�• . t�.�j ��T'� �Sf:_ ) T L i t S• . f'� k�.'� �� 7iA ti,�'� � ��C��.�'3'-��"46f:i�fiCC,t��°�'.�fS��:��i`7�3S3�.a.rs.:z':. x��:x�^'��A�39aY�:s..-... - '�S�i�. �f ..�'�+�u3grEaa . .. r�, Section 5 The President, Secretary and officers of the District be, and they hereby are authorized and directed to take all action necessary or appropriate to effectuate the � provisions of this resolution. (-� Section 6. If any section, paragraph, clause or provision of this resolution sha21 for eny reason be held to be invalid or unenforceable, the invalidity or unenforceability of ` such section ��" � , paragraph, clause or provision shall not affect any ::� of the remaining provisions af this resolution. '.,t� Section 7. All acts and resolutions in conflict or • " inconsistent with this resolution are hezeby rescinded, annulled � :�•;?� and repealed to the extent of such conflict or inconsistency. � - ` ' This repealer shall not be construed to revive any act or j `' ;�=-��-+, resolution, .or part thereof, heretofore repealed to the extent of ..;'� such conflict or inconsistency. 'r�::;� Section e. By reason of the fact that the present :.'r� street and sa£ety protection improvements are not adequate to , ,� meet the present and future needs of the District, of the need to - "`;-.� immediately apply the proceeds from the getteral obligation bonds : �� of the District and for other compelling reasons, the Board finds that an emergency exists, that this resolution is necessary for the immediate preservation of the public health, safety, �'�`;� convenience and generel welfare, and that it is enacted for that purpose; and the Board determines that this resolution shall take effect immediately upon its final passage. ADOPTED ANb APPRC�7ED this July 5, 1988. 4 +�F n'r� �$� �Ps ` � Chairman of the Board of Count :__�;, c�i �� ° Commissioners, ex-offico y .:;�::;y t/1 �- President, Pitkin County West ;;��y; ��ttd �o. Buttermilk General Improvement �� District (SEAL} _':Y; -� _ Attest: ;n� u y County rk and ;;;;? ,, : " corder, ex- ficio Acting �;;�,� Secretary, Pi kin County � West Buttermilk General � �� - Improvement District ;��'� �� -6- �i.' •�y.-Y� �i:,' \ "�:�. i:<_.: c'�./. ':.;�: �._.�4' .. - . + s�.:rw�...: . . .. . ,..:n_": ....'..�r,..�......:': .. ... . � . `...... '. � .:.. .,.. •��-X... .:.:.:� . . :.,..' ....�.. ..... . .. .. � . y�r��}' . ` 4 .... .. ` , .. - . .:'<t.'n.i--.:3�� . � � ,.r�,.,..5„%'� �. `:lp�.. ' . . . .. . . -,�?.;.:.�t�:�� . . .iltr':1�.��.... . - . ,N. r.i�.��,�i . �� 'r+ zs. � . - .q r' - - L�`-�.��,��'�'�." , ' . , w0 '.,"'";s�.�x:-.: �}t��.. '.•- . ' . *N'P�r':y:."• . 'l`�fc"1'� '� ��L h "�',�i 'ti'- h x' ,"�'«�.:�i � � ' � . .!S' .�w� ' :w.:�,i:;..,i�. - ._:_ _.,..,�,��:.., ,:.::�.�.,�a«hv�..�.,.a«� .,,.,��-.�.��:.s