HomeMy WebLinkAbout1984-10-16 (Special) Meeting MinutesSPEC J /,L ME LTI NG :
COUIW ! L CH/\Mf\F.H!S
Cit y o f En q l e wood , Colo r ad o
Oc t ob~r lC,, l ga 4
/ 6
Th e C ity Co~n cil of the ~i ty of Fngle ~~od , Ar ~pal10 ~ Co unty ,
C'{iln 1 ;1do , rr e,t i n spE-c1 .:.' Fesr,i o n o n Oc t ober )6 , 1 9'l ~, nt 5:30 p .m.
Mayor Otis , p r s.id1;1g , c all c>d the meeti n g to o r der .
';'~le invocat ion was giv r. b y Council Mcmbc·r Higda y . The pl d9 C'
of ~l le9i ance w~s led b y Ma)·o r Ot is .
Mrv o r Oti s a sk ed o r r oll c a ll . Up on a c .a l l of tht' r oll , t he
f ol lo wing ~~re pr e sent:
Co unc i 1 Membe rs 111 9d a y , I~
Brads h aw , Oti ~.
Vob ejCo , h'e 1st , t.ilo ,
Absent : Non e .
The Mayo r d eclH r ed a q uo r um p r esen t .
Al s o p re:-~l?nt v:ert : C ~ty Mana9er McCow;1
Ci ty Attorn ~y Olse n
hssistan t C1 t y Msn a g e r fo r Ec o nomi c
Dev e lopmen t Powers
Deputy C i t y Cle rk O~en
Ci :~· Man&Je r ~~:o~n t r ansrr ·:tcd copies o ! the ord~n a nc e t o 6
ccnFide r ed by Clt)' Cou nci l .
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Stk!:'S or 1c,c .;
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.l\L:'IH C•l-17L~J 7Hr lS SU At~C[ /,N~l ShLi" OF SY ,:>0 (,000 C~T)' o r f'NGLC\·:oo ,
COL(ip;~:.io , l ~Ot;STt ' 11,L IJE V EL,O FT E:lT REVEl!L'E. B':l t~JS ( r I KC SOO PFt<S PL !\Z ,; PRf.-
JEC"·: 1 S E,JES 198~, TO FJNII C E P P.O r f.RT\' SCl H .R L E f'O? llS E r o;; COMM i:RCl/.L o;
B~S lNESS NTfRPh .SCS ; ~h :lf YJK S CFPTAlN AC'.i Ot:~ H!:P ETOFORE TA l(CN : AU THOR -
;11nG TH r: EXE.Cl'TJUt: !t(J Df~~JVfR Y B Y THF C!7i' OF A F itIAt :C JNG AGREEM E N~,
n;ocNTURr: OF' TPl'S1 ' R(1!:~ r~lf<Cl!/\S[ AC:P.F.fMf.r~j', 1 t:ot1C E~[t--:T LCTTER , FJ?\i,L
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OF F IC I AL STATEMCNT , Sh JD BON DS AN D CLOSING DO CU MENTS J~ CONN ECTION TH LPr-
1\!1'11 ; P.EP!:;,I.INC M 'Tlor: HERrTo roRr; 1'1,KEII IN CONfLI C1 HEREl':JT II ; l,N D Dr.CLIIH -
INC Ar: EMCRGEN CY.
COU h C J L MEM NEh BILO MOVED TO PAS~ COUNCI L DILL NO , 51 , SCRICF or
l9P•, ON l"IN/\ READ ING . Coun c-i l Mem b r Bra dsha w s eco nde d th e mot i on .
Cuunci l Memb r Hjgd av n oted he wa s ab s e nt from the mee t i n g whct 1
:~1c ti1 1l p c:isse:d on first r ·aa ;n g , and asked f or a brief e ~:pla r.a io n as L0
¥::iv th amount wa s ~ei n g redu c d .
fr ed Ma r i e~t h a l , Kut ak , Rock and Cnmobell , c ame iC"l n,;a r :J . Mr .
~ia r 1e nth al stated t hf-reason th bo nd issue w~s r d uce d ft oni .f 9 ,500 ,0()0
t o $8 ,920 ,000 wa s th e result or h e disclosur e by Ki n g Soo pers of certajr
ca i a1 expe n ditures within the mun i cipalities bou n da ri es tha t would
cause t h ~ issu ance to exceed the S10 mill ion capit a l expendi tur e limi:a-
:1on i mp osed by the f ede r a l ta~ c ode . The a mou nt was d o~ns ized by takinr
out th e l :i ng So ope rs p o rtion of th e pro j c c th at >.ill b e fi n a nced :i.r";i~!,
c: comme r cial loan ob tai n ed by Bud Br ad y . Al .:-., the d owns iz 1n~ incr e:-as~C"
th r e s r ve fund b y appr oximately $30 0 ,000 ~hich ~&s good for the b ond
:'loldcrs ' s a k e .
Upon a c al l of th e r o ll , t~e vct.e r esulted a s fo llm,;s :
!.ye s :
t-.:a ys :
Cou nc i l Me mb ers Hig dr.y , Neal , Vobejda , ~ei st , Bilo ,
Br adsha w, Otis .
None .
The May or d e clar ed the motion c a rr ied .
Tn c re ~as n 0 ~u r thc r bus ine ss to bE di s cus sed due :o sp ecial
:1(c t.in9 st a :i.:s .
t-:c~yo r Otis -::idio urned thE meeti ng \,::•·hou ~ o vote r.t ~.:~O !=-:;.