HomeMy WebLinkAboutresolution.council.018-77RECORD OF PROCEEDINGS
100 Leaves
RESOLUTION NO. /y
(Series of 1977)
~;HEREAS, the indebtedness incurred in the purchase of the
Rio Grande Property is currently being paid with reveneus received
pursuant to Ordinance 15-A, Series of 1972 (7th Penny); and
Wt!EREAS, Ordinance 16, Series of 1970 (6th Penny), provides
for sales tax revenues to be expended for land acquisition and
for payment of indebtedness incurred for land acquisition; and
WHEREAS, subject to the terms and conditions of Ordinance
16, Series of 1970, the indebtedness incurred in the purchase of
the Rio Grande Property may be paid with 6th penny revenues; and
WHEREAS, the City Council of the City of Aspen wishes to
authorize the Director of Finance to use 6th penny revenues to
partially pay for the Rio Grande indebtedness,
NOW, ?ItEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF
THE CITY OF ASPEN, COLORADO:
That the Director of Finance of the City of Aspen may,
subject to all legal requirements, utilize 6th penny revenues
to pay for 50% of the yearly indebtedness incurred as a result
of the purchase of the Rio
Grande Pro rt~. ~ ~ ~
Stacy S~ndley III~
I, KATHRYN S. HAUTER, duly appointed and ac~ing City
Clerk, do certify that the foregoing is a true and accurate
copy of that Resolution adopted by the Aspen City Council at
its regular meeting held /~_~,~3-L~ /~ , 1977.
Kathryn S~Ha-uter, City Clerk