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Home My WebLink Aboutbocc.res.205.1992 - �r`�;,... • . . Y �� . �,'''.. � . �'tt � � eT '' h�� R � - S e��l ��: �r -:��ka � '�P.; �rra t�.t"� x � �m�f �� 7 i � � � y 5'A��„� r �� r.. . ,� . . M, 3 .. .�,F. l Y4 y �. S� aU�.d�� } . � r �r' -rN �.� c . � .,A F��: � � i�� , 4 � �F^ Syrr+h�y i y�• tf�` � -� �Y� ..�� /1 t� �� . � i1 t n'�� .•'�, v� h � �� 4 r, �. ��l. .i i�,4 :�: . '. ' ..-«... .. . �"� .. •�. .._r�' �y��y��,� ] .:Sll.Sl� � PITKIN COUNTY i BOARD OF COUNTY COMMISSIONERS = `� RESOLUTION #92-�Q5 k=" r: �': �; PROVIDING FOR A SPECIAL ELECTION ON THE QUESTION �';. t;::. �3 OF CONTRACTING A MAXIMUM $950,000 GENERAL k�. - ` � OBLIGATION INDEBTEDNESS FOR THE PURPOSE OF ��:r=,:; - � ACQUIRING THE OLD LIBRARY BUILDING � �, ' - � .fa � WHEREAS, the County of Pitkin in the State of Colorado (the � F "County" and the "State," respectively), is a duly created political subdivision of the State, organized and operating as a � , � home rule county pursuant to the general statutes of the State and a county home rule charter (the "Charter") adopted pursuant to the � Colorado County Fiome Rule Powers Act; and ` � WHEREAS, the Board of County Commissioners of the County (the P� "Board") has determined that it may be necessary and desirable (i) �� to acquire the old library buildinq for another public use or until market conditions improve sufficiently to justify its sale, (ii) to borrow funds in the maximum amount of $950,000 for such purposes by the issuance of bonds or otherwise, and (iii) to pledge revenues accruing to the County from its general ad valorem taxing power, without limitation as to rate or amount, as security for °'"'`'' <` such borrowin and g 4i K WHEREAS, the Colorado County Home Rule Powers Act at C.R.S. 30-35-201 (6) (a) and (b) authorizes the County "to contract an ~. �� indebtedness on behalf of the County and upon the credit thereof, • by borrowing money or issuing the bonds of the County, for any public purpose of the County,...but no debt shall be created unless the question of incurring the same is submitted, at a reqular or \-r�S special election of the County, to the registered electors thereof ` � `• ""�•� and a majority of the registered electors voting upon the question `` �+: vote in favor of creating such debt."; and '� WHEREAS, Section 10.1.1 of the Charter provides as follows: ;,,'�`; "Limitations on Borrowing: No income, sales, excise, property, :,;;� transfer or any other tax, whether now in force or a new tax, shall ,;� be committed in favor of any debt of the County unless and until y i� ;_�.�� the commitment of the tax to the indebtedness and the indebtedness shall be submitted to and approved by a majority of the electors `r, voting at an election called for such purpose."; and �: WHEREAS, the County's primary election is scheduled for August `�'`^ 11, 1992, and it is appropriate to submit the question set forth �; herein at that election. - .� J NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF COUNTY � : COMMISSIONERS OF PITKIN COUNTY, COLORADO: i;: � r ] �� Section 1. The Board has determined, and hereby determines �,< :�`'�!� that the interest of the County and the public interest and necessity may require the County (i) to acquire the old library `,.;�,o _�� ,.� ,. ,�;;"i § ,;�„ _ �._,._, . ...,,. - - - � � te.�$'«.�t1:5iS�i1i��,�sr:y<?✓"..�'ri.wt:�:f:i:r-+..l,i:Yi�i'i�£s':�5.-r- e�,xcxta�lkr�.:::F;b:.. J,.a�cw :w.:.s_c,o. �T; �.' a :, , ��"�' . � . . :. �.. �. .. .. J�� . .�... �'�l•y ��. ... �� . . - '. � • . . . � . . � . �� . � , . . �'%°i . , �J �� l . � . ' • � . . . . � . . J ' ;.��'i' . . j._ .. . �� . .� � . . � � . -. ' . � �. . , . �., � r , y�r. , . - . . .. . ' . . • _ . _ .. . . . �� 'WfS .. . ..._ . . . � . . . . � , . . .. ; . . .. ' .. ��•l� ' ' , . �:r � � ' , . +F��1 :� ��' � . ' . , . Y �. � � i � . �r.i�.t�� r ia R �c �. ..i . � �� .. ��, ��. �.� � � li a.�t �.�5 i I:�: n nt ta ' z f�:: �:,4" �� " ��SM��L�� y t ��4 ;�c. . t� �-.��y,�}�,��=��'-t..r„ �,�{�, -. �r � �„ r: v t� Q E Lr �n� r. N . 1 �� ';r T �. '� ,�`4."' 4 y � i t i►', �St � 1' �+ I �r! y '.rf �J , � " �� [3..'1e r '.' i�-A,y%�•�M�' �i .�'�r'=� ��p`,�tSrti P�' y�� r,� � +� . . , i�`^�.� .�...'.J.:t�.Y y ..`S� � ...I�:. . .N. ' '-.fW_Y � . . �`�F.f. ..1 • ..... ..... .... ::: 7. . 1... Y � � ;. � buildinq for another public use or until market conditions improve "' sufficiently to justify its sale, (ii) to borrow funds in the �,:• � maximum amount of $950,000 for such purposes by the issuance of s bonds or otherwise, and (iii) to pledge revenues accruinq to the �.;. � � County from its genera2 ad valorem taxing power as security for :;::';; ;� such borrowing. � � Section 2. Such l�orrowing shall bear interest at a net r� • - � effective interest rate not exceeding 9$ per annum, shall be :;,;-;. w payable within 20 years from its date, shall be secured by a pledge " of revenues accruing to the County from its qeneral ad valorem � taxing power, and shall be on such other terms as the County may �. ' � � determine. Such borrowinq may be evidenced by bonds, notes, or " � such other evidence of indebtedness as shall be determined by the t y � County. � � Section 3. The County's primary election to be held on '; Tuesday, August 11, 1992, shall also be a special election pursuant ::; to Section 6.5 0� the Charter, at whieh there shall be submitted . to the qualified e:tectors of the County the question of borrowing funds, which question shall be in substantially the following £orm: GENERAL ?BL•IGATION DEBT FOR OLD LIBRARY BUILDING j Shall Pii-acin County be authorized to issue not more than � �;�.� $950,000 of general obligation debt for the purpose of �>, acquiring the building previously used as a library and s ; - located at 120 East Main Street in Aspen, such debt: �` - t� � �� 1. to bear interest at a net effective interest rate not ; exceeding 9� per annum; •� 2. to be pa;+able within 20 years £rom its date; � S: �°,� x 3. to be paid by a general ad valorem tax which may be �� ' ' '� levied on all taxable �� property within the County without limitation as to rate or amount, or from any other z� legally available revenues of the County; and �' � � ts 4. to be on such other additional terms as the County may �� - ;�r� determine? •' ',i � ,� Section 4. A notice of the election incuding the time, � � place and purpose of the election shall be published one time in The Asoen Times and the Roarinq Fork Vallev Journal and posted in a conspicuous place at the County Clerk's office at least 10 days before the date of the eleotion. � , - Section 5. The officers and members of the Board and the County be, and they hereby are, authorized and directed ta take ' �{:< ' all action necessary or appropriate to effectuate the provisions i�a �: � of this Resolution. � '��``. a :�.-. ��y;`' ';a; 2 t �.; - k � . �. .7.. � �j.. ,q�:. i ' _,� 1 :.. ' _. . ; . - - - . ..�.t _ � '.aa.mrw .' --a.z.nari::,xm+ .�„i..-• .,'�t..�. . /• �/. F I �^r�- . � 5 f { � �43'� r� 5 . :.�.'� � - � �� '�� , ry 1YS: j �`. '`'�..�� 4 � '� ,+��' , 4 ' =�'� . , . . � :� _ • ., . .. . � ' ' ' 4'�'n .. . . � . . . . '. •1� � / . • . . • � . ��:FS , y_,_ r t trr y{ � { � �� - ` • c s zt�te`IF,;, , t ., �, �,il t� ,�,��'L i��i°"�.�iy'�; .� � "��s 7 � l ��y ^rf�R � �r� y, t .r,.�, � e 't , �'Y ++ �' ��,, r a �x,uu�i a�r`L) �� `s .�.> � �r��`�t Z M,;� �rEe ;� : � Y:; . �ti � ""� '� a Y$}��,,. c`�'�9 .�1`4'��'�'�'�'�ti 1f �,."� � c •`�`'' . . . �f� � v1 ?s.b; �� 8t�,4p *i,�af .+.� 'S. . Y� � �� : 1 k ' � . r �i� � •lr � Y�F 6�,!£`A`��" z s :Y �'.� � , - �,Y� K � a .: ��. ?. J . . - . '�"'� . �.�.r�`• �'��', . � . � F� � Section 6. All orders, bylaws and resolutions, or parts t � � thereof, in conflict with this Resolution, are hereby repealed. �;`.. Section 7. If any section, paragraph, clause or provision of this Resolution shall for any 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 of this Resolution. »'; Section 8. This Resolution shall be in full force and � effect immediately upon its final adoption. !` . ..'y � INTRODUCED AND FIRST READ ON THE 9TH DAY OF JUNE, 1992. � � °_".� NOTICE OF PUHLIC HEARZNG PUBLISHED IN THE ASPEN TIMES ON JUNE . :;. 12, 1992. ' ;;;.c ; t�- APPROVED AND ADOPTED UPON SECOND READING AND AFTER PiJBLIC HEARING ON'THE 23RD DAY OF 3UNE, 1992. PUBL FTER ADOPTION IN THE ASPEN TIMES ON THE 3RD DAY OF � JULY, 1 ��,�, a+ '',,a;,�-"y, q�' �sw a►�4 i s�Y�iel1� " i ..o. . - � (Seal) '� ' �.� ATT T: to�w� gOARD OF COUNTY COPII�IisSioNERS ' � OF PITKIN COUNTY, COLORADO "� . -.- � � �-/ By: -- - � �� J nette Jones mes R. True, Chairman � �� uty Clerk & corder .�s� F 3 µ' i� . ''4�' y i _ _ ;� j. �'��v APPROVED AS TO FORNI: MANAGER APPROVAL: � �' ;j �: ti � - � ----�_'"'�� , L.�1�t1a� € 'i �, Timothy E. Wh' Reid Haug y �. County Attorney County Manager > , � : '�: > , v� � � -. pctco/wp/ballot.8.92.reso i };�` ` .��7 r� `: �°r�'� � �- � = �� a :�� 3 r��: : gT � ; �� ..`n• . . .. f 1-_... �r�.� �.y,;,� ,., , -. "''F � � .i..i. ..�... `,?y,a' �-��' �� » `� � - ,�..: �� . .. _.,l . �.�, �� - .. r`:`� 1 '��`Y � �i. ��i a t y.��.- �� s. { i S;/ !S1 . � . 'AG, 7 i � . '. '' � . �,' � .. � �� . � . ., t. , . . , . i . ' . . . � - ;j ' ' . ' . � . . . ' .. . .. . . �� . . . . ..-._ H . i' . � . . r .