HomeMy WebLinkAboutresolution.council.026-78STATE OF COLOP~ADO )
)
COUNTY OF PITKIN ) SS.
)
CITY OF ASPEN )
The City Council of the City of Aspen, Colorado, met
in regular session at the City ttall, ]30 South Galena, Aspen,
Colorado, on /~/~ _~y, 1978, a~ ~ _~.m.
There were present at said .meeting t following:
Present:
Mayor:
Mayor Pro-Tem:
Other Councilmembers:
Stacy Standley, III
H. Michael Behrendt
Thomas Isaac
George Parry
John Van Ness
Steve Wishart
There were also present:
City Manager:
City Clerk:
City Attorney:
Councilmember
ing resolution, the text of which is as
Phillip S. Mahoney
Kathryn S. Koch
Ronald Stock
introduced the
follows:
follow-
A RESOLUTIO~ SETTING FORTH THE INTENT OF THE CITY OF
ASPEN TO ISSUE INDUSTRIAL DEVELOPME[~T REVENUE BONDS
TO FINA~CE FACILITIES FOR SPORT-OBE~MEYER, LTD.
WHEREAS, representatives of .Sport-Obermeyer, Ltd.
(the "Company") have met with officials of the city of Aspen,
Colorado (the "city") and have advised the city of the inter-
est of the Company in locating an office/warehouse facility
(the "Project") near the City to,be used in connection with
the ski clothing and accessory business of the Company, sub-
ject to the willingness of the city to finance part or all of
the necessary facilities as an industrial development revenue
bond project pursuant to the Colorado County and Municipality
Development Revenue Bond Act constituting Article 3, Title 29,
Colorado Revised Statutes 1973, as amended (the "Act"); and
~EREAS, the City Council has considered the request
of the Company and has concluded that the economic benefit
derived therefrom to the city will be s6bstantial and desires
to indicate its intent to proceed with the financing of the
Project.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL
OF THE CITY OF ASPEN, COLORADO:
1. In order to assist and to induce the Company
to locate the Project near the corporate boundaries of the
city, it is the City Council's intent to take all necessary
or advisable steps to effect the issuance of industrial
development revenue bonds in the maximum aggregate principal
amount of $2,000,000 or such lesser amount as shall be deter-
mined and agreed upon by the Company and the City to finance
part or all of the Project.
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2. No costs or expenseS shall be borne by the city
in connection with the issuance of the industrial development
revenue bonds, the preparation of any documents relating thereto
or any legal or financial consultants retained in connection
therewith.
3. Pr-ior to the execution of a financing agreement,
bond purchase agreement, deed of trust or any other necessary
documents and agreements in connectio~ with the Project and
the bonds, such documents and/or agreements shall be subject
to authorization by ordinance of the city Council pursuant to
law. READ, PASSED, AND ADOPTED this~ day of~
19 7 8.~ ~ i~ -~-
[ SEAL ]
Attest:
' Cit~Clerk
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It was moved by C0uncilmember _ and
seconded by Councilmember ~--~F'~c/~ that said resolution
be now placed on its final passage and that all rules of the
City Council which unless suspended might prevent the final
passage and adoption of said resolution at this meeting be,
and the same hereby are, suspended for the purpose of per-
mitting the final passage and adoptioq of said resolution at
this meeting.
The question being upon the adoption of said motion
the roll was called with the
and the suspension of the rules,
following result:
Those Voting Yes:
Stacy Standley, III
H. Michael Behrendt
Thomas Isaac
George Parry
John Van Ness
Steve Wishart
Those Voting ~o:
Those Absent:
__~ members of the City Council having voted in
favor of said motion, the presiding officer declared said
motion carried and the rules suspended.
Councilmember ~__~ then moved that said
resolution be passed and adop~d~--~o~u~ilmember ~F~
seconded the motion. The question being upon .~he passage and
adoption of said resolution, the roll was called with the
following result:
Those Voting Yes:
Stacy Standley, III
H. Michael Behrendt
Thomas Isaac
George Parry
John Van Ness
Steve Wishart
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Those.Voting No:
Those Absent:
~ members of the city Council having voted in
favor of said motion, the presiding officer thereupon declared
said motion carried and said resolution duly passed and adopted.
Mayor~
[SEAL]
Attest:
Cit~ Clerk
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STATE OF COLORADO )
)
· COUNTY OF PITKIN )
)
CITY OF ASPEN )
SS.
I, Kathryn S. Koch, the duly. qualified and acting
Clerk of the City of Aspen, Colorado 4o hereby certify that
the foregoing pages numbered 1 to 5, inclusive, are a true,
perfect and complete copy of the record of proceedings,
insofan as such proceedings relate to the resolution con-
tained therein, of the city Council of the city of Aspen,
Colorado had and taken at a lawful meeting of the city Coun-
cil held at the City Hall, 130 South Galena, Aspen, Colorado,
on ~-/~___, ~~~ 1978, commencing at the hour
of ~ ~m., as recorded in the regular official book of
the proceedings of the City kept in my office, said proceed-
ings were duly had and taken as therein shown, the meeting
therein shown was duly held, and the persons therein named
were present at said meeting as therein shown.
IN WITNESS WHEREOF, I have hereunto set my hand
and affixed the seal of the City
1978.
[SEAL]
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