HomeMy WebLinkAbout1962 Ordinance No. 013.. ,,.
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Introduced aa a Bill by Councilman Bllukler
Br AUl'llOJtift
ORDillA8CB 90. 13, &DISS OP 1962
-mDJPAllCS AUl&>JtIZJm ms ISSUA.mCS OP Cift OP Dm'·••ooD, COLORADO, •&v-zm-DI8ftJCT mo. 12 .... AllD PROVIDim IOll ma PA91D'l OP SAID BOllDS
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•DD8, hving Diatrict llo. 12, in the City of Bnglewood, COlorado, ha•
ll••n duly cr•ted by Ordinance llo. 10, Seri•• of 1962, of aaid City,,finally
~ and approved on the 16th day of April, 19621 and
*MD8, llotice to contractor• to aul:ait bid• for the conatruction of the
improw•mta in Aid Diatrict baa been duly publiahed and the contract for auch
canatraction baa ll••n duly awarded to Peter Kiwit Sona• Collpany of Denver,
Colorador and
••*MDS, llotice of the &ale of approximately $525,000 of th• bond• of aaid
Diatrict baa ll••n daly publiahed and $425,000. of auch bond• have been awarded
to co.gblin and a.pany, et al, of Denver, Coloradoi and
••w, it i• now neceaary to provide for the iaauance of aaid bond• and
tb9 foaa and paym•nt thereof i
.. rr o••JIRD n ma CDT COU9CIL OP tBB Cift OP BBGLBllOOD, COLORADO:
Section 1. By virtue of and in purauance of th• lava of th• State of
COl...SO, tbe Charter and Ordinance llo. 8, Seri•• 1959, of aaid City,bonda
Of ... ing Di•trict llO. 12 in Aid City •hall be i••ued for th• purpo•• of
paying for local illprov.-.nt• conatructed in aaid Paving Diatrict. Said
lloada aball be dated aa of July 1, 1962, and ahall conaiat of 425 bond• in
U. demminati.on of fl, 000 -cb, n••l>ered 1 to 425, incluaive. 8aid bond•
81aa11 be payabl.e to bearer and •ba11 be abao1ute1y due and payab1e on Ja1y 1,
1973, 8abjec:rt t:o ca11 and prj,or payment b 4U.Ct n•••ri.cal. order at par and
1111• '8\lr•C IC 111J Cl.II 9''9( Ull GIH U.•evr upon Cllir'f tar•• nviiGe
publiahed in the Bnglewood Herald and Bnterpriae.
~ IMmd8 abal.1 be aubacri.bed by the llayor, atte•ted and counterai.gned
1-y tbe City Clerk an4 Tr•aarer, ander the·-1 of the City, and •ball be
payable oat of 110ni•• collected from ••••••ent• to be levied for tbe illprove-
~ta conatructed in -id Diatrict and from fund• hereinafter mentioned.
8bae14 any off ic:er wbo-•ignature or facaiaile aignature appear• on aaid
lload• or the coupon• thereto attached CM•• to be •uch officer before delivery
of tbe bonda to tbe purcbaaer, •uch •ignature or facaiaile •ignature •hall
D99erthe1 .. • be valid and aufficient for all purpo•••·
.. id bond• ahall bMr intereat payable -i-annually on the lat day of
J-ry an4 tbe lat day of July each year a• evidenced by two ••t• of coupon•
to be attached to -id bond•, and coupon• to be aigned with the facaimile
•i9Mblre of the City Clerk and Treaaurer. Said intereat coupon• ahall be
deai9M~ •a• and •r, reapectively. Coupon• •hall be attached to bond•
n•e#tered in the following •ch.Sule •bowing intereat rate• and the number of •r COUDDD• to be attached to each of aaid bonda, to-wit:
IOpd lo•·
1-130
13li-l95
196-260
261-305
306-345
346-385
386-425
Allount
fl30,000
65,000
65,000
45,000
40,000
40,000
40,000
•a• coupon•
ProlD Date
To Maturity
2.<M*
2.20
2 3/8
2 1/2
2 5/8
2 3/4
2 7/8
••• coupon•
Prom Date to 1/1/63
1.2%
1.2
1.2
1.2
1.2
1.2
1.2
Section 2. Said bond• and the coupon• to be attached thereto ahall be in
..i.tantially the following fora, to-wits
snn or COLOMDO
llo ··--------
UllI'l'SD STA'IBS OP AllDICA
COUll'lY OP ARAPABOB
Cift OP ..U.BMOOD
PAVUIG DIS'IRIC'I 90. 12
BOllD
$,000
!'be City of SnglMIOOd, in the COunty of Arapahoe and State of COlorado,
for value received, acknowledge• itaelf indebted and hereby promiM• to pay
to the bMrer hereof the principal aum of
OD TBXJSAllD DOLLARS
ii····
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in lawful money of the United State• of America, on the lat day of July, 1973,
aubject to call and payment, however, at any ti• prior thereto, with intereat
thereon •• evidenced by intereat coupon• deaignated •A• at the rate of..._ __ _
per centma ( ") per annua from date until payment, and additional interest aa
evidenced by interest coupons designated •a• at the rate of-----~~---
per centma ( ") per annum for the p.riod from date to 1, 19 ,
incluive, payable -1-annually on th• lat day of January and the lat day of
July each year, principal and intereat bein9 payable at the office of the City
Treaaarer, in Bnglwood, Colorado, on preaentation and aurrender of the attached
coapona and thia Bond aa they aeverally beCGlle due or are called for payment • .
'lhi• Bond i• iaaued for the purpo•• of payin9 the coata of •tr-t and
avm• illprovwnt• in Pavin9 Diatrict llo. 12, in the City of Bn9lMIOOd, Colorado,
by virtue of and in full conformity with the lawa of the State of Colorado, the
Cbarter of Mid City and an ordinance of aaid City duly adopted, approved, pub-
ll8bed and made a law of Aid City prior to the iaaaance hereof.
t'bia Bond ia payable out of the proceed• of apecial •••••-nt• to be
levied apon r .. 1 ••tate aituate in the. City of Bn9lwood, Colorado, in Paving
Diatrict llo. 12, apecially benefited by aaid iaprov~t•, which •••••amente ao
to be levied, with accraed intereat, will be lien• on aaid real ••tate in the r-
apective amount• to be apportioned thereto and ••••••ed by an ordinance of aaid
City, and, if neoeaMry, from the Surplu• and Deficiency Pund heretofore creatM
parnant to the Charter of Aid City.
!'be Charter of Aid City provideaa •Whenever a public iaprov ... nt diatrict
baa paid and cancelled four-fifth• of ita bond• outatandin9, and for any reason
tbe r-ining a•H•-nta are not paid in time to take up the final bond• of the
diatrict and intereat due thereon, and there i• not aufficient money in aaid
apecial aurplua and deficiency fund, then the City aball pay ••id bond• when due
and intereat due thereon and reillburae itaelf by collectin9 the unpaid aaaea ... nta
d• Mid diatrict.•
It ia hereby certified and recited that the total i••u• of bonda of said City
for Mid Diatrict, includin9 *hi• bond, doea not exceed th• amount authorized by
lawt that every requir...nt of law relatin9 to the creation of aaid Paving District
llo. 12, the makift9 of Aid local illprov-nt• and the iaauance of thia Bond ha•
laam fully ca1plied with by the proper officer• of Aid City, and that all condi-
tiona required to exiat, and thinfJ• required to be done precedent to and in the
iaaaance of thia Bond to render the •-lawful and valid, have uppened, been
properly done and performed, and did exiat in regular and due time, form and
=enner, aa required by law.
Por the payment of thi• Bond and the inter••t thereon, th• City pled99• all
of ita lawful corporate powera.
D 'l'm'DIOllY WDBOP, the City of Bn9lwood baa caused thia Bond to be aub-
acrilaed by it• llayor, atteated and counter•i9Ded by it• City Clerk and Treaaurer
under the -1 of th• City, and the intereat coupon• hereto attached to be •i9ned
with the facaillile aignatur• of th• City Clerk and Treaaurer, •• of the lat day
of July, 1962.
( 8 S A L )
AJIDID AllD CD1LllWJumsua
·-,....--,,, ~ · Mayor~~~
City Clerk and Treaaurer
(Pora of COapon)
llD. A'l.o--$. __ _ ........ ,_
On the 1at day of JSfll~ 19~• the City of Bng1ewood. in the County of
ArllDllboe and State o~ Co1ora60, wi.11 pay to the bearer
-------------------------·DOLLARS
-----------------DOLLARS
in lawful .oney of the United State• of America, at the office of the City
Treaaarer, in Bn9lMIOOd, Colorado, bein9 intereat then due on it• local improvwnt
bond ianed for the conatruction of local illprov-enta in Paving Diatrict Bo. 12,
Sngl.vood, Colorado, provided th• Bond to which thi• coupon i• attached shall not
bave laeell theretofore call-4 for payment or paid. Attached to Bond dated July 1,
1962, Maring
m •. ________ _
city clerk-ana Trea•ur•r
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Section 3. !'be proceed• of .. id bond• ahall be applied only to pay the
aoata and expenH• of conatructing the illprov-enta in aaid Diatrict and all
other coata and explDH• incident thereto. In the event that all of the proceed•
of Mid bond• are not required to pay auch coat• and expenaea, any r_..ining
••~t aball be paid into the apecial •••••811ent fund for the purpoae of calling
in and payin9 the principal of and intereat on .. id bonda.
Section 4. &aid bond• and the intereat thereon ahall be paid from special
--.... t• to be levied on the real property in aaid Diatrict, from the Surplus
and Deficiency Pand of aaid City and from any other available funds of the City. -.n there ia on band a aufficient amount to pay •ix JDOntha' interest on out-
atanding bonda of .. id Diatrict, the City •hall call for payment of outstanding
bonda in numerical order with fund• available therefor.
Section · 5. After th• expiration of the period for caah payment• of
--~t• in full, th• City ahall pay each year not l••• than lOJ' of the total
••:iant of bond• of .. id Diatrict outatanding after the payment of bond• with the
DrDC••d.a of auch caah payment• of •••••-enta in full.
Section 6. 'l'hat in accordance with Section 108 of the Charter of .. id
City, wbenever there i• a deficiency in the fund of .. id I11prov-nt Diatrict
to -t payment of outatanding bond• and intereat thereon, auch deficiency aball
be paid out of the apecial Surplua and Deficiency Pund of aaid City. 1lbenever
.. id Diatrict baa paid and cancelled four-fifth• of th• bond• iaaued therefor
and for any r-80n th• r-ining •••••-ent• are not paid in time to take up
the final bond• of the Diatrict and intereat due thereon, and there i• no\:
aufficient money in .. id Surplua and Deficiency Fund, then the City ahall pay
-'.ct bond• when due and intereat due thereon and reimbur•• itaelf by collectift9
the unpaid •••••811eftta due aaid Diatrict. •
Section 7. If it •hall be neceaaary to advance money to -intain current
paymenta of intereat and equal annual payment• of the principal amount of the
bonda iaaued for .. id Diatrict, th• City COUncil •hall levy annual tax•• on th•
taxable property within the City not exceeding t1'0 mill• in any one year and
aball apply th• proceed• of auch tax•• for aaid purpoae. In lieu of auch tax
leviea, the coancil .. Y annually tranafer to auch apecial fund any available
money of the City, but in no event •hall the ..,unt tranaferred in any one year
exceed the amount which '-'Ould reault fro• a tax levied in auch year •• herein
lillited. Such tax levi•• or tranafera of fund• -Y be made in accordance with
and paraaant to Section 109 of th• Charter of aaid City.
Section 8. Such any part or proviaion of the Charter of the City of
Sngl...aod, COlorado, or thi• Ordinance, or any part or proviaion of an ordinance
or the charter of any other City in the State of COlorado having aubatantially
aillilar terlU and proviaiona •• tho•• contained in th• Bnglewood Charter or this
Ordinance, every be judicially deterained to be invalid or unenforceable, auch
deteraination aball not affect the r-ining part• and proviaiona of the
Sngl..aod Charter or thia Ordinance, th• intention being that each part and
n.vwiaion of the Charter and thia Ordinance ia aeverable.
All ordinance• or part• thereof in conflict with thia Ordinance are hereby
reealed.
Section 9. !'bi• Ordinance, after it• final paaaage, shall be recorded
in a book kept for that purpo••1 •hall be authenticated by the aignaturea of
the llayor and City Clerk1 •hall be publiahed •• provided in the Charter of
the Cityr and after becoming effective, •hall be irrepealable until the bond•
of .. id Diatrict •hall be paid in full.
Section 10. A public Bearing on thia Ordinance will be held in the
Council 800la of the City Ball on Monday, the 2lat day of May, 1962, at the
boar of 8100 o'clock P.11., and Botice of auch hearing i• hereby authorized
to be 9iven by publication once in the Bngl-..ood Herald and Bnterpriae and
Pr .. a, in it• iaaue of May 10, 1962.
Section 11. !'hi• Ordinance •hall take effect thirty day• after publica-
tion following final paa .. ge.
DIRUDUCBD AllD RBAD 'ftlia 7th day of llay·;w J
2> ~ 17u::z t;h~~ ( 8 8 A L )
~llDT1
2lat day of May, 1962.
( 8 8 A L ) ~l ;.//~!I
IJIDT1
~ --llAyor ,,.7/7'~
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1. B. o. -uaang, City Clerk-Tlreaaurer, City of BnglMIOC>d, County of
Arapahoe. State of Color.SO. 4o hereby certify that the above and foregoing
ordinance waa introduced. react. paaaed and ordered publiahed a• a bill in th•
SDglM:IOOd Berald and Bnterpri.. at a regular ... ting of the City Council held
on tbe 7th day of May. A.D., 1962, and that at leaat 7 day• after above publica-
tion aa a bill th• above ordinance wa• approved, adopted and ordered pabliahed
in Aid legal "9W8p&per by the City Council at a regular -•ting held on the
2lat day of 11ay. A.D., 1962, aa Ordinance llo.~13, Seri•• of 1962, of ••id City.
Atteat1
8DL
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