HomeMy WebLinkAboutresolution.council.041-88 RESOLUTION NO. ~
(Series of 1988)
RESOLUTION OF THE CITY OF ASPEN APPROVING AN AMENDMENT TO THE
INTERGOVERNMENTAL AGREEMENT WITH THE BOARD OF COUNTY COMMISSIONERS
OF PITKIN COUNTY, COLORADO ESTABLISHING THE ASPEN/PITKIN COUNTY
HOUSING AUTHORITY
WHEREAS, the City Council approved and the City of Aspen
entered into an Intergovernmental Agreement ("the Agreement") dated
January 9, 1984, with the Board of County Commissioner of Pitkin,
Colorado creating a multijurisdictional Housing Authority under
the provisions of C.R.S. 1973, Section 24-1-203 et. seq. which
authority is known as the Aspen/Pitkin County Housing Authority
("the Authority"); and
WHEREAS, the referenced Agreement is unclear as to the rights
and obligations of the parties thereto upon termination of the
Agreement in the event that the Authority has issued bonded
indebtedness, and the Board wishes to amend the Agreement in order
to eliminate that ambiguity;
NOW, THEREFORE, BE IT RESOLVED that the Mayor is hereby
authorized and directed to execute, on behalf of the Board and
- Pitkin County an amendment to the Agreement, amending Section VIII
thereof to read as follows:
The term of this agreement shall be January 1, 1984,
through December 31, 1984 and shall automatically be
renewed for successive one-year periods thereafter upon
the approval of the annual budget for such year by the
City Council and the Board of County Commissioners.
Either party hereto may terminate this Agreement for any
reason upon ninety (90) days' written notice, provided,
however, that this Agreement may not be terminated or
rescinded so long as the Authority has bonds, notes, or
other obligations outstanding, unless provisions for full
payment of such obligations, by escrow or otherwise, has
been made pursuant to the terms of such obligations.
Dated: / ~/J~/ ./~/ ~ , 1988. /3 ~
~illiam L. Stirring, Mayod/
I, Kathryn S. Koch, duly appointed and acting City Clerk do
certify that the foregoing is a true and accurate copy of that
resolution adopted by the City Council of the City of Aspen,
Colorado, at a meeting held on ./~,./~ /~/ , 1988.
Kathryn S~och, City Clerk