HomeMy WebLinkAboutbocc.res.100.1985 ,_ ,
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lhereupon, Director���.1 ����r:�G-� inCrod�ced and
� move ': the adoption uP ttie following kesolution: .
� RESOLUTION NO, 85- (��
�dHEKEA5, the Boare� of Directors (the "E3oard") of tY:c:
"Crys-al t:iver Country �states :itkin County Isnprovemeslt UistriCt"
(sic) , in Pitkin County, Colora�o (the "District"), has submitted
the �. .�:tion of incurriny indebtedness in the principal amount of
$9o,c :o for the purpose nf replacing an acces� bridge and pro-
vidi:',, cer_t'�in street improvements to the qualified electors of
the !:`°*_rict, at a sgecial el�ction held on 'IUesday, September 10,
19tS5; and
LJHL•'REAS, the Board canvas�- i tlie retUrnS and the
Chair���an of Lhe District declared that said eleCtion resulted for
the i::�urrence of such indebtedness; and
bJHEREAS, Qublic notice uf sale inviting bids for general
obligation bonds authorized at said election has been published at
lea.=.t once a week Eor two consecutive weeks in a newspaper of
general circulation in Pitkin County; and
6��iEREAS, all bids which were receiveci prinr t0 9:tiU A.M.
on LJeunesday, September 11, 1985, nave been oQened and tabulatecl;
and (' /�
"rdNEREAS, I�,L?.�M•y�i�s. /rla�ll���� • � oY Denver, Colorado
has suc:,�tted a bid for said bonds, bearing interest at a net
effective interest rate of �o per annum; and
6dfiEREAS, it a�pears thar_ this bid is the best bid
submitted for said bonds;
THEREFOP,E, HE IT RESOLVF.0 BY THL•' t30AI2D OF UIRECTORS OF
CItYSTAL RLVE:R COUN'fRY F,STATES �ITKIN COUNTY I'1PY.OVEML''iv"i U15TRICT,
PI'TKIN <:OUIJ'PY, COLORApO:
Section 1. Award to ttest Bidder. The Distrlct's -,
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General Obligation S3onds, Ser.ies 192i5, in the principal amount oE
$4(1,000 (the "t3onds") , are hereby award�ei tv ��?C� t��OT}Z.� �.
c��-C , (the "Purchas�r" ) , in accordanct: with the items oY the
notice of sale and the ��roposal. submitted hy tii�� F�urchaser, and
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sh:all be delivered to the Pur.:::aser upon receipt of the purch,se
price therefor,
Section 2, pelivery of Honds. The Board of DireCtor�
of the �istrict sl.all do any a::d all things necessacy to complete
the dP1i����ry ;;f the Bontis to the purcnaser as indicated abc�ve.
Secta.on 3. Return of �ood _Faith De��osit. The Secretary
of the District is hereby direct�d to return the deposits of all
�nsuccessful bids.
Section 4. Severabil:ty. Should any �art or provision
of this Resolution be adiudgeci unenforceable or invalid, such
jud��ment shall not affect, impair, or invalidate the remaininy
provisions of this Resolution, it being the intention that the
various provisions hereof ar� _ arable,
Sectiun 5. Repealc-r. All acts, orders, resolutions, nr
parts thereoE, of the Distric� that ari inconsistent or in
conElict with Chis Resolution ace nereby repeaied to the ext�nt
only �f sucli inconsistenryo ur co-:flir_t. �
Section 6. Effective- Date. The orovisions of this
Resclution shall take effe.t irnm.diately.
ADOPTED AN❑ APPaOVGp 'fi:is llth day of September, 1985.
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' ( S E A �: )
� Chairman �
ATTESTE�,+: `
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� �•'���V c.—�v`��h���/�'LyL�iy .
Secretary �-"�
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r The moti.on to 'opt the foregoing Resolution was duly
� seconder9 by Director � _ pue to a vote and carried
on the Pollowing recorr9- ote:
� Those votinc I-.
' Director_s: Thomas Blake
Robert Braudis
Robert W. Child
j Helen Klanaer.ud
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! Georae ttadsen !
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Those voting CdP �
Those Absent:� �1,��_� ', �� �
, Thereupon the �airman of the meeting declared tF,e i
Rec�lution duly adopted the Secretary was directed to entei- ,
the foregoing proceeding�: �9 Re>olution upon the mir.utes of said �
Board.
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E !attach Affidavit of Public ion of Notice of Sale)
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EXH I!3IT B
(Attach :ist of Persons or Entities to L4h�m the
�otice of Sale was Forwarded)
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CRYSTAL HIYER COUNTRY 16TA7'ES PITKIIN COUNTY WPROYEMENT DISTRICT
CENERAL O�LIGATI6N I!6°AOVBYENT BONt\S
SE61FS SEPTEYBF_k 1,1985
� f40,000
PUACHASE PROPOSA4
��M Loretta Benne�
; Co�nty Clerk and Recortler,ex UfOcio Secretary y
�' C�vstal Rive�Go�ntry Estates P�!kin Cuunty Improvement DistMct ��
� 506 Fest Mnin St.
�� Aspen,CO 8161'
�� :n accordnnce witn the Official Notice of HonG Snle,a��te� Auynict 26, 1985,[he unGersigneA�ereby suGmit tAeir Di0 for t�e
purehave of the Crystel 3ive� Country Fslntes Pitkin Counh Improvement District,Series September 1,1995,in the ngqregate principat
emount ot f4U,000.
' For your Iegxlly issued t3onds,es descriued ;n such notice,we wi0 pny you the principel amount thereo[eM acen:ed intereat
, tR:reor,to dote ot iheir de"iver,tv us trom SeDtember 1,1585 for ell of the I3onds ma[uring end beering Intere.+t ns to_Inws:
Prineipel Years lnterest Rale Rincipel Yeers Interest Rete I
. � Amounts Mnturin iPer Mnum) Amounts Meturing (Per Mnum)
a,000 isse 1I.00 s+,000 issi 11.G0 �
�,000 isev 11.0^ a,000 �ss2 11.00 �
• 3,OOO t888 �6U 5,000 1999 11•U� . (
3,000 L969 11.�� 5�000 1994 11.�� �
a,00u issn 11.00 e,oao is9s 11.00 i
, Our calculation(which is not pert of thi�LiA)of th?interest ewt hom!he above,computed hom SeptemAer 1,1985,is:
� GrosclnterestCost: S 2£Ra2��.�� �
I Net lnterest C�sL• f 2�`.Z��.�n
Net Interest Rate: S 11.�� f
Enclosetl herewith is a certified check drnwn on,or e cashier's or[reewrer5 check of,e solvent benk or t�ust eompany,peyeDle to ��
the ortler of the Crystel Rrver Country Fstetes Pitkin County Improvement District in the amount of 5800.00,which will Ge returned to �
the undersigned if the bid is no[eeceptec. It the undersigned are the s:ccessfu]bidders end shall teil,neglect,or retuse to accept the
Uonds sold to them and to compiete end pey there[ore in nccordence with fhe term sof their bid within 10 deys etter the Bonds nre I
offered for delivery by the Uistrict,s�ch check shell be torteited to the Dis�rfet.
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7rie velidity and en[orceebility o[the Bonds will be epproved Ly lamm Fdstrom and Braymer,P.C.,Altorncys at lew,600 77th �
Street,Suite 2500,Uenver,CO B11202,whose wique:ified,finel,epproving�.oinion suDStantially in tAe(orm etetad in the Offlcial Notice
ot E3ond Sete,togelher with the p�inted Honds o!�A e.ertifieA trenscript ci the legel proceedings,includtng e certlC�cate stafing thet
tAere is no litigauon penAing ef[ecting Me vetiai!y of the Bonds es ot tn��dste of tneir detivery,will be furnishea to the parc�aser
without cherge.
DATEU on this �].L�ldey ot SeptemGer,1985.
Wme AdAr��°
I:irciu�ec i•k�u,�� fi i.;c>rrq�a���y %l; /th S_reet, Suitc 2700
Meneger � — �
fk n,.. -. Co Lorado 8020'L
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Aut orizeA Represente�ive
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7f'e return of bi6 Aeposit is hereby ecknowleUgcA: . fie foregoin�,proposal eccepted on September_�,1985,
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EXHIBIT '�
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(Attacf� copy of best !;id submitted f.oe th�e
purchase ot the i3onc3s)
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