HomeMy WebLinkAbout1996 Ordinance No. 067•
•
•
ORDINANCE NO. Ii}
SERIES OF 1996
BY AUTHORITY
COUNCll.BILLNO. 72
INTRODUCED BY COUNCll,
MEMBER HATHAWAY
AN ORDINANCE AUTHORIZING AN INTERGOVERNMENTAL AGREEMENT
BETWEEN THE COLORADO WATER RESOURCES AND POWER
DEVELOPMENT AUTHORITY AND THE CITY OF ENGLEWOOD, COLORADO
ENTITLED "OBLIGATED PERSON'S UNDERTAKING TO PROVIDE
CONTINUING DISCLOSURE."
WHEREAS, the City of En,lewoocl, Colorado entered into a Loan ~ont with
the Colorado Water Reoour<a and Power Development Authority; and
WHEREAS, in connecti011 with the refinancing by the Col ei""do Wabo-Re.ources
and Power Development Authcrity of a portion of the indebtedness se=-red by said
Loan Agreement, it i • necsaary to enter into an agreement entitled "tbe
Undertaking Agn,e•4ent" with the Authority which Nquin!& the City of Englewood to
provide to the Aufoority certain types of finllllcial information;
NOW , THEREFORE, BE IT ORlJAINED BY THE CITY CO"lP.olr,n, OF THE CITY
OF ENGLEWOOD , COLORADO , AS FOLLOWS :
~-Tbe intergovernmental agreement 'Obligated Peraon'• Unde:rtalting
To Provide Continuing Dilcl08Ure ", attached hereto u "Emibit A,• is hereby
accepted and approved by the En,lewood City Council .
&s:tilm...2 -The Mayor is authorized to eicecute ond the City Clerk to attest and seal
the Intergovernmental Agreement for and on benalf of the City of Englewood,
Colorado.
Introduced, read in full, and passed on finlt reading on the 18th day ofN~vember,
1996.
Published as a Bill for an Ordinance on the 21st day of November, 1996.
Read by title and paaed an final reading on the 2nd day of December, 1996.
Published by title as Ordinance N.ft/1, Series of 1996, on the 5th day of
Dece m ber , 1996 .
~
-1 -
•
I, Louc:ruhio A. Ellil, City Clerk of the City of En,lewood , Colorado, hm,by
certify that the above and fi>reaoinr ia a tnle ';!P1Jl,,tb Ordinuce pauecl w final ................. ., .. -."4-Ld@,
Loucriahia A. ElJia
•
• -2-
•
•
•
Qbllgated fmon's Un de rtaking to Pr0\1dc Cont!nuJng P!scJ 0sur:e
This Obligated Person 's Undertaking to Provide Continuing Disclosure (the
"Undertaking") is executed and delivered between the City of Englewood, Colorado , a home-
rul e muni cipality and political subdivision of the State of Colorado (the "Obligated Person'),
an d the Colorado Water Resources and Power Development Authority, a body corporate
and a political subdivision of the State of Colorado (th e "Issuer"), in connection with the
iss uance of Was tewater Re,·olving Fund Refunding Revenue Bonds, i996 Series A of the
Issuer (the "Se.::urties j . The Ob li gated Person and the Issuer covenant and agree as
follows :
Section 1. Definitions.
"A ,mmll Inf(. 1""1Jation ' shall mean the information specified in Section 3 hereof.
"GAAP" shall. ~can generally accepted acr.ounting princi pies as in effect from
tim e to tim e in rh ~ !Tnit ed States .
"Hoi,·;-t : · .ball mean any registtr ed owner of Securitfr.s an d .'Illy benefici.J
owner of Securi\b .:.-i.hin the meaning of Rule 13-d under the Securities Ex d 1an!:e Act of
1934 .
"MSR B" sh all !!l ean the Municipal Securities Rulemaking Board established
in accordance with the prc,·;sions of Section lSB(b)(l) of the Securities Exchange Act of
1934 .
\ "0 ~po;it ory" shall mean the followiog, and any other nationally recognized
municipal se c~es inform ation repository within the meaning of Rule 15c2-12:
Bloom berg Municipal Repositories
P.O. Box 840
Princeton, NJ 08542-0840
Internet address:
MUNIS @bloomberg.doc
Phone : (609) 279-3200
Fax : (609) 279-3235
(609) 279-5963
JJ Kenny Information S~rvices
The Repository
65 Broadwi.y • 16th Floor
New Yo rk, NY 10006
Phone: (212) 770-4595
Fax: (212) 79 7-7994
The Bond Buyer
Secc,ndary Market
Disclosure
395 Hudson Street, 3rd Floor
New York, NY 10014
Internet address :
Disclosure@muller.com
Phone: (212) 807-3814
Fax: (212) 989-9282
Disclosure, Inc .
Document Augmentation/
Municipal Securities
5161 River Road
Bethesda, MD 20816
Phone : (800) 633-8 24 1
Fax : (301) 718-2329
Moody'r,.NRMSIR
Public Finance Information
Center
99 Church Street
New York, NY 10007
Phone : (800) 339-6306
Fax: (212) 553-1460
R. R. Donnelly Financial
559 Main Street
Hudson, MA 017949 .
Phone: (800) 580-3670
"Resolution" shall mean the Wastewater Revolving Fund Refunding Revenue Bond
Resolution adopted by the Issuer on----~ 1996.
"Ruic 15c2-12" shall mean Rule IS~-12 under the Securities Exchange Act of 1934 ,
as amended through the date of this Undenaking , ·· gether with all interpretive guidances or other
official interpretations and explanatio n$ there of that are promulp:ated by the SEC .
"State Information Depository" shall mean any public or private repository designated
by the State of Colorado , and recognized as such by the SEC for the purposes of Ruic 15c2-12.
"SEC ." shall mean the United States Securities and :Sxchange Commission .
Section 2. Obligation to Provide Continuing Disclosure.
(i) The Obligated Person hereby undcnakcs, in connection with the refinancing by the
Issuer of a portion of the indcbtcdr.css of the Issuers secured by a Loan Agreement between the Issuer
and the Obligated Person through the issuance of the Securities , for the benefit of Holders of the
Securities , to provide or cause to be provided through the Issuer:
(a) to each Reposito!)' and to the Slate Information Depository, no later than 180
days after the end of each fiscal year, commencing with the fiscal year ending December 30 ,
1996, the Annual Informat'on relating to such fiscal year ;
2
•
•
•
•
•
•
(b) h' not submiaed IS pan of or with die Amwa1 lnfomwion, to each
Repository 1111d 10 tht, ~Ate Information Depository, if any, auditl'.d finaicial stalmlents of the
Obli&ated P~sm, for 1-J.i.fiscal year when and if they bv.lllTlr ' availat1I~; p11vidcd that if the
Oblipted Person's ~ldited financial swem~ tha. are not &vui lable b•· the elate set f inh in (a)
above , th~ /.nmial lnforu:..otion shall coni,it, .mudited financii<l statements in a fomat similar
to the Obli!!atcd P=n's audit.:rl !in,.ncial , tatements for its most recent fiscal year, and the
audited ~,;;11 st.."temcnts shail be fu ea ir. r!,.: >11111e manner IS the Anmial Information when
ai..: ;fthc. ~come available; and
( c) 1(1 each Repository or to '.1 . · !SRB and to the Stale Information Depositor)',
in a timely manner, notice of a failure to pi1:••li c1e any Annual Information requittd by Section
3 hereof.
(ii) Tue obligations of the Obligate d Person pu.."SIIIDt to subsection (i) above may be
tenninaled ~s to such Obligated Person pursuant o Section 8 hereof. Upon 111y such tumi.nr,tion, the
Obligated Person shall provide notice of such termi!.dlior, to ,,:acb Repository, the Swc lnformation
Depository and the MSRB .
(iii) Nothing herein shall be deemed to prevent the Obligated Person from disseminating or
re quire the Obligated Per50n to disseminate any othf·r information in addition to the reo,uired hereby
in the manner set fonh herein or in any other m11w1tr . lfthe Obligated person dissemir.:.ttes any such
additional information, the Oblipated Person shall hav, no obligation to update such information or
include it in any future material: lisscminatcd hereunder .
Section 3. Annual Information .
(i) The required a.'l!lual lnfonnation shall consist of the Obligated Person's audited financial
statements for the mosl recen: fisc!!I y~ar as provided in 2(i)(b) above , and the information contained
in Appendix D to the Offir.ial Statement oflssuer relating to the Securities ~ __ ~ 1996 under
the heading "THE SYSTEM " and "GENERAL FINANC!Al INFORMATION CONCERNI NG THE
JOINT USE PUNT".
(ii) All cir any portion of the Annual Iru'Ormation may be incorporated in the Annual
Information by cross reference to any other documents v.1iich have been tiled with (a) the Repositories ,
the State Information Depository and, if the document is an official statement, the MSRB or (b) by
SEC.
(ii1J Annual Information for any fiscal year containing a.JY modified operation data or
financial infonnation (as contemplated by Section 7(v), thereof) for such fl .seal year shall cxpla:n , in
narrative form , the reasons for such modification and the effect of such mixlificatio,:i on the Annual
lnfonnation being provided for such iiscal year . If a change in accounting princii,lcs is included in an y
such modifi ca tion , such Annual lnfonnation shall present a comparison between the financial
statements or infonratiou prepared on the basis of the modified accounting princ iples and those
prcparcc on the basis of the former accounting principles .
3
Section •· Financial Statements.
The Obligated Person's annual financial statements for each fueal yetr shall
be prepared in accordance with OAAP as in effect from time to time . Such financial
statements shall be audit~d by an independent accounting finn.
S~ctl on 5. Remedies.
If the Obligated Person shall fail to comply with any provision of this
Undertaking, then the Issuer or any Holder of Securities may enforce, for the equal benefit
and protection of all Holders similarly situated, by :nandamus or other ruit or proceeding
at law or in equity, this Undenaking against the Obligated Person and any of the officers,
agents and employees of the Obligated Person, and may compel the Obligated Person or
any such officers, agents or employees to perform and carry out their duties UDder this
Undertalcing; provided that the s,:,Je and exclusive remedy for ·breach of this Undertakina
shall be an action to compel specific performance of the obliptions of the Obligated Person
hereunder and 110 person or entity shall be entitled to recover monetary damages hereunder
UDder any circumstances, and, provided funher, that any challenge to the adequacy of any
information provided pursuant to Section 2 shall be brouaht ,,nly by the Issuer or the
Holders of 25% in aggregate principal amount of the Securities at the time outstanding
which are affected thereby.
Section 6. Panics in Interest.
This Undenaking is executed and delivered solely for the benefit of the •
Holders. No other person (other than the· Issuer) shall have any ri 6bt to enforce the
provisions hereof or any other rights hereunder.
Section 7. Amendments.
Without the consent of any Holders of Securities, the Issuer and the Obligated
Person at any time and from time to time may enter into any amendment!. or changes 10
Undertaking for any of the following purposes:
(i) to comply with or conform to any changes in Ru le 15c2-12 (whether required
or op ti onal);
(ii) to add a dissemination agent for the information required to be provided
hereby and to make any necess:uy or desirable provisions with respect thereto; ·
(iii) to evidence the succession of another person to the Obligated Person and the
assumption by an.y such successor of the covenants of the Obligated Person hereunder;
(iv) to add to the covenants of the Obligated Person for the benefit of the Holders,
or to sum nder any right or power herein conferred upon the Obligated Person;
4 •
•
•
•
(v) IQ modify the Cllllltellll, presentation and. fo)'lllat of the Am1111J J'monDatfOD
from time to time as a result of a dlaqe Iii clrc:umrtances that arise1 from a clw.&e In lep)
requiremenu, change in law, or change in the identity, naiure or S1ltUS of the Obligated
rerson, or type of business conducted; provided that, (a) there is filed with the Trustee an
opinion of counsel having ~.xpertise with respect to securitjes laws of the United States :if
America or expertise with respect to the issuance of il!debtedness by states and political
subdivisions thereof, that (i) the Undertaking, as amended, would Im·: complied with the
requirements of Rule !Scl-12 at the time of the offering of the Securities, after taking in o
account any amendmenu or authoritative interpretations of the; Rule, as well as any change
in circumstances; and (ii) the amendment or change does not materially impair the interesu
of Holders, or (b) such change or amendment is approved by the vote or consent of Holders
of a majority in ouutanding principal amount of t::e Securities affer:ted thereby at or prior
to the time of such amendment or change.
Section 8. Termination.
This Undertaking shall remain in full force and effect until the earlier of (i)
the Issuer provides notice to each Depository, the State Info\'l'll2.tion Depository and the
MSRB that the Obligated Person is no longer an 'obligated person' within the meaning of
Rule !5c2-12 or (ii) all principal, re C:emption premiums, if any, and interest on the
Securities shall have been paid in full or the Securities shall have otherwise been paid or
legally defeased pursuant to Section 12.01 of the Resolution. n the event of such payment
or legal defeasance, the Issuer shall promptly give written notice thereof to the Obligated
Person .
Section 9. Counterparts.
This Undenaking may be executed in counterparu, each of which shall be an
original and each of which shall constitute but one and the same instrument
Section 10. Governing Law.
nns UNDERTAKING SHALL BE GOVERNED BY THE LAWS OF THE
STATE OF COLORADO DETERMINED WITHOUT REGARD TO PRINCIPLES OF
CONFLICT OF LAW .
5
IN Wl1NESS WHEREOF, t~e undenianed have duly authorized, executed
and delivered this UndertaldDa as of_~ 1996 .
COLORADO WATER RESOURCES AND
POWE't< DEVELOP MENT AUTHORl1Y
Name: Daniel L. I.aw
Title: Executive Director
6
CI1Y OF ENGLEWOOD, COLORADO
Name:
Title :
•
•
•
•
COUNCILCOMMUN~ATION
Date Agtmcla 11am Subject
November 18, 1998 BIii for an ordinance authorlzlng the
11 a vii exeeution of the undeltaklng
agreement In a,nnection with a
refinancing of Lkueton/Englewood
Wast-Ill" Treatment Plant's lolln
Initiated By I Staff Source
Deoartment of I lnancial Services Frank Grvalewicz Director
COUNCIL GOAL AND PREVIOUS COUNCIL ACTION
ThiS bill for an ordinance authurizes the City entering Into an undertaking agreement with the Colorado Water
Resources and Power Development Authority . Approval ofthiS measure wlli reduce the cost of financing the
Uttleton/Englewood Wastewater Treatment Plant's Improvements done In 1990.
RECOMMENDED ACTION
Staff recommends City Council approve this bill for an ordinance authorizing the undertaking agreement with the
Colorado Water Resources and Power Development Authority
BACKGROUND, ANALYSIS, AND ALTERNATIVES IDENTIFIED
The City of Englewood expanded the Uttleton/Englewood 'olVlilllewaterTreatment Pla nt In 1990. The financing
was provided by the Colorado Water Resoun:es and Power De,-etopment Authority (the Authority). Due to
favorable changes In Interest rates, the Authority Is refinancing th~ debt that provided the City's funding . The
savings from the !'!fir .::~c!:,;: will be passed on to the participating e,,tltles.
Due to recent Securities Exchange Commission regulations, It is necessary under the loan agreement to enter
Into an undertaking agreement with the Authority that requires the City of Englewood , as an obligated person to
disclose certaia financial information on a continuing basis .
FINANCIAL IMPACT
The City of Englewood wlli save borrowing costs by authorizing this undertaking agreement In connedion with
the refinancing or the indebtedness . The amount or savings ls not yet estimated , but will be forwarded to City
Council when an ·estimate is made .
The City or Englewood will not have any out or pocket costs.
LIST OF ATTACHMENTS : Copy of the proposed bill for an ordinance
C
"'"'" ., ""'"" ''-'" --~
•
•
•
:er • Paw'• Ut4rtttFfn II Pmt4t c,e,. m : jg!
Tilis ~d Pcnon'a Uadea1uia& 1D Prnvidl <:nmimlilla Disllare ~
"i.''llialakiag") is ll!UClll'!lllllli ddmnd be1-111c City o!J!liakwoad, Colonido, •~
1111Dcipallty llld polilic■I llilidivili0II of'dle Stm of'Colondo (die ''Obllpled "'-1"), • .._
Colonda ~----._ ud Power Dnliopaml AlllbarilY, a boii'y carparato 1114 a polilk:■I
s■bdiviaoftbDlk&ICofColondo(IM"l-"}.inOCllllXctiollwldllbol-atW-
~ FUllll ltdaling Rnalle Baadl, 11196 Series A of die 1-(Iba "Becuritin"). Thi
OllllplDd Pm el die 1-COo9IIIDI lllll 1F10C • !i,Jlo-
lecUM L D6111NL
•~ lai..-i011" lblll m,:u lbc infGmlllimlplCified ill Stccioa3 ba,,o£.
"O.-.AP" s11a11-pmnlly accep,d-,amma prillciplna in d!id ha lime
ID lime ill lbc Ulllilld S-.
"Holder" slllll ::ieaa.111y rqisacdowmr oCSccumia lDllaay badcill-
ofSlcuritia willlia die aaruua o(Rulo 13-d UDdcr die 5eclr!tits £ldmee At! of 1934.
"MSII.B" 111111 _, tis: MunJciJ,al SclClnia ltulamking Boad CSlablilllld in
acoordance with 111a ~ of Seeli011 ISB(l,)(I) of lbl: Slculitia E=-a,c AA of 193'4.
~· au -... Collowiq. 11111 my oCber ll■lioaaU1 f'IOOIIDMd
IINllicipll MCWiliel irdormlliaa n:pou,ry willlm tbc aaiJ11 of Rwe Uc2-12:
Bloombq Muaklpal Rlpolitoricl
P.O. Box~
Prillccua NJ 08 542-0840
lllkmlt~
MUNIS@bloombas.doe
~ (609) 279-3200
Fu: (609) 279-3235
(609) 279-$'63
11 KINI)' lafoamliaD Servicts
The~
6S!ln,ad,r;ay-16cbf'locr
New York. NY I OOOl5
"-: (:?l:z) 77Mffl
Far. (212) 797-7994
U/U/'tt
• •
ill Kf Iii I tf Jii ip"' J # _,. 1-. . f ~ !'E !fl~.~ 't 11. t -
!ii :Ii ,,,it f i if l!i :f ''!fl(f ~'J'Iiffl ~Jl Ill !t.! i ~ al 11f1t 1!1 jJ,ril' ~~ t:, If !.1 • l[l irt;.t i I I . ' f -e:"' J!I ~. ~ 11·! J~ ll1j i r t; Jd! ,~ Ii ~~ ,
t . Ii i-J r r O I J r ' ., I ! -.,. l-l f i i s· &. 1 . s ~ '
iii' if ·:J!J ·f i ;! ~•! I r1;~ •1!:r11
(I r' ~,i, f ~J l'r r J1 I JI,~ uf ~fl . ff j I· ii :ii I 11 '1 pi' ,11 ..
1 l Ii • I th · ,1 Ah I • I , ,
1111111•~,._., .... '--'~-·--lly•--11111111100 ...... A-ii........111111 ................ ...... •• .._.._ .... ow..,,._., ......... ....._,..._
i-a&.1,-. .r11e..ii,.i111n111 ..... au ....... "'.,.,.. _ ____ Jabadao ...... if.., ............. .
(c) ID ..... !Gry ar ID 11a MUil -IO ... -lllilmalDa
0.-llrY, ID a -.t;, -• DDliGs ti• 6ilme 10 prlMdt my ~ .lllfonDIIIDa
!llpllld by Seclian 3 klwo[
Cul Tb,: o111;,e-attlio 0111.-Pw.. para,-to mt.aioa ('I) 11,ov,: ._ 1ic
lmlliMlldu to Mb O~Pa-,,..._tD SctiODlliinDL Upm -,.,.a. rnni rim
tis OWiplad ,-. all ,-v,ria naliCI of ads~ ID ca....,., tbs 9i.
Jnlbmwdnn Qepoellocy -die MSI.B.
("ml Notbiaa llacill -.JI llu dlaDed ID ,m• .. ~ Pa.. from
di __,llal or iequue !be Olllipll:!! i'llsa It......._-, or i ft ·1 m m addilioD
1o•flll'lircdblrdryin•-•1Ctartllllaeinorinl!Q'a61r-. lf111e~
,._ ,_.;1111a ~ aadl aldillaml a• r 1111 ~ ,._ ..u .w 110
obiiacmto"lldllelll:hinlonmr..411crlacl.i.illallQ'fllla.-.' 111 ·1 ♦-1bcnum.
..-..1."-1 ..........
\i) lbsrcqund 1-...ibdbanllioollllllCICllllllllfds0Yi-4,._'s.stlld
6amcill ~ far dis lllCIII raal DDi Jar ■ ~idld ill 2(1)(11) 1111cM, at the
lull . ■ ----ill-~ b ID .. otllaill --ol tla --..... tD die 5-llils cl■ICll ___ _, 1996 lDllr • ..... "1HE SYSTliM" al "GIINEIW.
FINANCIAL INFOltMATION CONCPJOONO THE JOINT USS 1'1.ANr.
(ii) All or~ poniOII oflbe A-1 I .... -, be i-,....S !A til A...i
lnliniltJaa t,y Cl'Cl9I ,._ ID m.,' ocblr 4--wlicb baYt1 bee fiW widi (a) 6e
R,polilGlia, die Sia lnlbn:111lioa Dlpollllly-. iftbe clocaamal la a a6ill llalmml, Ill
MSltB nr (I>) the SEC .
(iil) Anllllll ~ fi'lf lllY IIICII ,,_......._MY modl&d opcndaa ... or
=-ial imormalioa c,•oww,pblad "1 Sedlaa 7(v), IIINol) bu:b 11-i ym ilhlllaplain.
in amatvt bm, the -fbr INCII llllldl1lclliaa 111d tbe dlJct of IIIC!I s.lDdill...,_ OIi die
A.11au11 Wonaadoa blin&,-idld tor-' Ila!,-. If• .. •~~ 11
iDcllliod ill&yM1ilDDlilcalkJa, adlA-''bllbnnldmallillll!INIM&-..a-~
Iba ftsml:ill simm,eaia ar iDl'Ollllltia JlllP"ld oa 1111 bllis of the -,ell6ed •.-mdnc
priaci(UI llld lb9 ..... on die blal oldie r-~ priiidplll .
m.-Htfl'7 . vt J U/U/N
• •
8 • ! i J' . !i ~lf~lltjlg' 'I h !Ii (5 ls ·• I H I !,·,m. l Ii I ~. I
Ss ■e ~~ s rli·!l ... fl::1 f ,lla.}}lft .. :.;. II~ i I: ~ . I: J ! x t . rt e· r-1· ! l t J I " it ,. "' ["" ,.
1
11
'
1
1t 11·· i ~~, I •1J. ! Ji!•f,1:1111 I 1··,f I
§ It t . II Ir I p If ' I ,! s, I J 11 ,t' ~ i e I I JI a. I _ i . t •· ~-~. 11· • t • •f' .. a,1 1 Jr J • ., ,
I~ , I 1 1 ! ] I! l I '] j' . 'I f ! --1
A I Ii t; ~ ·•11 fl tliJIJlffil! ,t, 1 a. r !. f f I A. .e I a. f f -I .. t t r i! i! it1 i 41'! i! 'i1·11~1'!i1~ff ii
a I af ··, ~ r t' f • t ,1. ,I ra
-~ 1, i J i~ II 1!.1i!tf!t! . 1:
g J · l r I •f [I l11J1,1,JJJ It
i II f .§-SI f. a!' , ... llrJ11tra. ...
' (t) •llllldlt,•1-~ad.._of~Allllllllb.-loaha
tbm1Dlillll ••Nlllhllla-.aa'rcs ts ••••tam,._..ialcpl
~.._..ialaw,ordllapa•klalllJ, .... Cl'-fll•~...._
o, typt flf ....... eaad1IClld; pcv.W. ... (a) ........ wl6 .. ~-.... ot
_. ..... ,spali■lwilllN1pPOtto.-ilia!MdoldaUailld.,_.ofAaataaor
aplftiR .... lapa,llOd!eiwotW.~11ill 1•\y ■--IIIIIJalllal ................
tbat(l) a~ ...... ~----,lied will a. ZCij.ia Pall allbaa 15cl•
ll a 1br 11a al w offlrila of• Seullilia, da 1lkllls idD _., -,y-1 ... or
llltbuclldtw ...._.?:im1t ~-1111c. u '11111 • -.r c1:11p Ii. ci I •a; ral (u") 1111
.-dmelor i-. ees11111mlllllillly llllfPllr• i.a-atHaldln, •(ll)wAl...,oz
amdmalc iJ IIJP('CM.S 11J11IIIY01Cor ~olffoldal ofam,pily ID --■ldalpdadpai
--ofdis 9'cllrilies dlcllld 1llaby • or pior ID lhetiac of aa'h ~Cl'.,.. .
...._LTf .........
nil,...___ ..al lCllllia bi 11111 lbrce ad .a.t Wda16c -.tiar of (i) lhe
1-pnrridla•u •ema ~. 1l!e S• bil'oraalon o.,odlory 11111 die MUii !ml
Iba~ Pwlol1 is mi loJIIW • "ollli.-,d JIIIIOII" williD ts...._ fllaull lScl-12 Of
{ii) .Uprisipll, Rdllllfllmapnmilml, if-,, •--•lbi: Smvhlallllll-.bapaid
111 full or dill Securilin sball lia-.c acberwia M paid or llpll.v dmaad ~ to Section
12.01 ot • Raohllioc. Ill tbc c,c of lllOb Jllym,ml or ... ..._, lbe i.. shall
P'lffllll17liWwri1IIDallllA.-,f1111laa Olllipllll Per-.
Sr.ilea,. c-tapllrtl-
nu u.i.tw11& 1ml' i. ae..-1 ia ~ each at wllich -u be .,
oripallllllleadlofwbichlball--.u011tadlhe _ __._
sea..1t.c.-ruac1.aw.
11DS VND£RT AXING SUALL B GOvtllNID BY TJII LA.WI 01' TIit:
STATE OF COLOL\DO DnUMU.IID wmlOtrr UGARD TO PIUNCIPUS OF
CONILICT Of LAW.
U /ll/N
•
•
•
IN Wfflllllll WHDIOP, ._, ........ ._ *'1...,.., ._.... _
MWNIIIIIIIU---.•lll ____ 1"6.
COU,L\DO WAlD IIDOUltCa AMI
POWD ~ AU'IIKJmn'
Nam: Daill L. Law
Tide: Eucutlvc Diroclor
l!l'l •UtO.-,,T" •
CITY OF ENGLIWOOD, COlOMDO
U/1.:./H
Tlll~P.rtfl