HomeMy WebLinkAbout1965-08-16 (Regular) Meeting Minutes86
COUNCIL CHAMBERS
CITY OF ENGLEWOOD, COLORADO
AUGUST 16, 1965
REGULAR MEETING:
The City council of the City of Englewood, Arapahoe County, Colorado, met in
regular session on Monday, August 16, 1965, in the Council Chambers, City Hall,
Englewood, at the hour of 8:00 P.M.
Mayor Love presiding called the meeting to order and the invocation was given
by the Reverend Hosanna of the Mayflower congregational Church.
The Mayor asked for roll call. Upon the call of the roll, the following per-
sons were present:
Councilmen Allen, Braun, Fullerton, Hanson', Rice, Love.
Also Present: City Manager Dial,
Administrative Assistant Malone,
City Attorney Criswell,
City Clerk Chase.
Absent: councilman Kreiling.
The Mayor declared a quorum present.
Mr. Harold Rus6., Englewood Manager of the Public Service Company, was present
to present the City with a check in the amount of $43,159.32 in payment of the
Public Service franchise tax.
The minutes of the Library Board meeting of August 10, 1965, were received for
the record, with special note of a memorandum concerning the Arapahoe Library
Contract.
The minutes of the Planning and Zoning Conunission meeting of July 28, 1965
were received for the record.
Introduced as a Bill by Councilman Allen
BY AUTHORITY
ORDINANCE NO. 13, SEIRES OF 1965
AN ORDINANCE AMENDING SECTION 16.5-13(1), (2) AND (3), AND 16.5-20(1), (2),
AND (3), OF THE MUNICIPAL CODE OF THE CITY OF ENGLEWOOD, -COLORADO, RELATING TO THE
COLLECTION OF RETAIL SALES AND USE TAXES, TO PROVIDE FOR THE COLLECTION OF SUCH
TAXES FOR EACH BRACKET OF ONE HUNDRED CENTS.
COUNCILMAN AI.LEN MOVED, COUNCILMAN FULLERTON SECONDED, THAT ORDINANCE NO. 13,
SERIES OF 1965 BE PASSED ON FINAL READING AND ORDERED PUBLISHED IN FULL IN THE
ENGLEWOOD HERALD AND ENTERPRISE. Upon the call of the roll, the vote resulted as
follows:
Ayes: Councilmen Allen, Braun, Fullerton, Hanson, Rice, Love.
Nays: None.
Absent: Councilman Kreiling.
The Mayor declared the motion carried.
Introduced as a Bill by Councilman Fullerton
A BILL
FOR AN ORDINANCE REPEALING AND RE-ENACTING, WITH AMENDMENTS, CHAPTER 14 OF THE
MUNICIPAL CODE OF THE CITY OF ENGLEWOOD, (RELATING TO THE CREATION OF SPECIAL
IMPROVEMENT DISTRICTS) TO ENLARGE UPON THE 'l'rPE OF IMPROVEMENTS WHICH MIGHT BE
CONSTRUCTED, INSTALLED OR IMPROVED THEREUNDER AND TO AUTHORIZE CITY COUNCIL TO
LEVY SPECIAL ASSESSMENTS BY UTILIZATION OF ANY METHOD THEREFOR WHICH RESULTS IN
ASSESSMENTS WHICH BEAR A SUBSTANTIAL RELATIONSHIP TO THE BENEFITS CONFERRED BY
THE IMPROVEMENT.
BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF ENGLEWOOD, COLORADO:
Section 1. Chapter 14 of the Municipal Code of the City of Englewood,
Colorado, is hereby repealed and re-enacted to read as follows:
11 814.1 Local Improvement Districts. The creation of local improve-
ment districts for the construction, installation or improvement of public
improvements of whatsoever character, which confer a special benefit upon the
property within the district and a general benefit upon the City as a whole,
and which are to be paid for either wholly, or in part, by the levy of
special assessments upon the real property within the district, may be
established by the City Council either upon its own initiative or upon
a petition signed by a majority of the landowners within the proposed
district, in accordance with the provisions of Article X, Section 107 of
the Charter of the City and with the provisions of this Ordinance.
814.2 State Law to Control -Exceptions. Except as provided by the
Charter, and except as provided herein, for those local improvements which
are to be paid for, either wholly, or in part, by the levying of a special
assessment upon those properties within the district which specially benefit
therefrom, the procedure for the creation of local or special improvement
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Minutes of August 16, 1965
districts in this City for said purpose, the construction or installation of
improvements in said special or local improvement districts, the issuance and
payment of bonds for costs and expenses of constructing or installing such
improvements and assessing the cost of construction or installing such improve-
ments shall be as provided by the statutes of the State of Colorado relating
to the creation of special or local improvement districts by statutory cities,
as such laws now exist or as the same may be amended.
114.3 Improvements Authorized. Local improvements which may be authorized
by Council pursuant to the provisions of this Ordinance may be of any nature
which serve a municipal purpose, and which confer a special benefit upon the
real property within the district, including, but not limited to, the grading,
paving, curbing, guttering, parking or otherwise improving the whole or any
part of any street, alley, or streets and alleys, of the City and the construction,
installation or improvement of any sidewalks, water mains, sewers, sewer
disposal works, appliances for artificial lighting, parks, parkways and off-
street parking facilities, and all appurtenances, extensions or renewals
thereof: provided, however, that the creation of such districts shall not be
the exclusive method for the construction, installation or improvement thereof,
and Council may authorize the construction, installation or improvement thereof
in any other lawful manner.
§14.4 Initiation of Proceedings by Petition. Proceedings for the crea-
tion of a special improvement district pursuant to the provisions of this
Ordinance may be initiated by the filing with the City Clerk of a written
petition signed by a majority of the owners of the real property within the
district designated in the petition, which petition shall contain the following:
(a) A description of the area to be included within the district:
(b) A description of the nature of the improvements petitioned
for, including the locations thereof: and
(c) The names and addresses of the signers thereof, together with
the legal description of the parcels of real property -owned by each.
Any such petition which substantially complied with the foregoing shall be
deemed to be sufficient.
114.5 Resolution of Intention. Council shall consider each such petition
so filed, without, however, being compelled to act favorably upon the same.
Upon Council's favorable consideration of any such petition, or, in the absence
of any such petition, upon Council's own initiative to construct or install
any improvements provided for in this Ordinance, Council shall adopt a resolu-
tion of intention to create a local improvement district, shall set a time
and place for a public hearing thereon, and shall direct the City Clerk to
give public notice thereof.
114.6 Public Notice. The notice of public hearing upon the creation
of any district pursuant to the provisions of this Ordinance shall be published
once a week for three weeks in a newspaper of general circulation in the City
and, in aaaitiGA~; a agpy ef 8UaA A8tiae aaall ae •ailed, aae, in addition, a
copy of such notice shall be mailed, postage prepaid, to each known owner of
real property within the proposed district. Said notice shall contain the
following:
(a) A description of the proposed district:
(b) A description of the improvements to be constructed, installed,
or improved:
(c) The probable cost of the improvements:
(d) The amount, if any of the funds of the City which is to be
devoted to said improvement:
(e) The probable total amount of revenue which is to be raised by
special assessments to be levied upon the real property within the
district:
(f) The time and place set for public hearing thereon:
(g) That any person desiring to be heard upon the issue of the
creation of the district or upon the construction, instalation or improve-
ment of the improvement involved may appear at the time and place set for
the public hearing thereon for that purpose.
114.7 Authorizing Ordinance. Subsequent to the public hearing, Council
may, by ordinance, order creation of the district for the construction, installa-
tion or improvement of the proposed improvements and may, by resolution, provide
for notice to contractors to submit bids for the construction, installation or
improvement of the said improvements, and for notice of sale of bonds to pay
the costs and expenses of constructing, installing or improving the improvements
and shall, by ordinance, provide for the issuance and payment of such bonds.
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Minutes of August 16, 1965
114.8 Assessment of Costs. All costs of the construction, installation
or improvement of the improvements involved, less that portion thereof, if
any, which is to be borne by the City itself, shall be assessed by ordinance
upon all the real property within the district, based upon the benefit con-
ferred by the improvement upon each parcel of realty within the district:
provided, however, that in adopting any method of assessment, Council shall
not be limited to assessing the real property on either a front footage basis
or on a square footage basis, but may take into consideration the special
benefits accruing to the realty within the district and may adopt any method
of assessment which bears a substantial relationship to the benefits conferred.
814.9 Notice and Hearing Upan Assessments. At such time as the total
costs of the construction, installation or improvement of the improvement may
have been reliably ascertained, there shall be introduced before Council a
bill for an ordinance levying assessments upon the real property in the
district. Prior to final passage thereof, Council shall, by resolution, set
a time and place for a public hearing thereon. Notice of said hearing shall
be published in three consecutive weekly issues of a newspaper of general
circulation in the City and the date of hearing shall not be less than 15
days after the first publication of such notice.
114.10 Levy of Assessments. Subsequent to the said public hearing, and
subsequent to any amendments to said bill for an ordinance, if any, which may
result from the public hearing thereon, Council shall pass an ordinance levying
assessments on the nal property in the district and providing for the collec-
tion and enforcement of such assessments.
814.11 Other Statutory Proceedings. Nothing herein shall be construed
to prohibit Council from exercising its authority to create general improve-
ment districts for the construction, installation or improvement of any improve-
ment serving a municipal purpose, where the improvements are to be paid for,
either wholly or in part, in a manner other than through the levy of special
assessments upon property within the district, such as, for example, through
the levy of an ad valorem tax upon the real and personal property within the
district. For the creation of such other general improvement districts, there
is hereby adopted therefor the procedure established for the creation of such
districts in statutory cities by the statutes of the State of Colorado as they
now exist, or as the same may be amended."
Section 2. It is hereby declared that this Ordinance is needed for the immediate
preservation of public health, peace and safety in order to commence the orderly
planning of off-street parking facilities within the next sixty days and the same
therefore, shall be, and become, effective upon its final pass~ge, pursuant to the
provisions of Article V, Section 41, of the Charter of the City of Englewood,
Colorado. ·
Passed on first reading by the City Council of the City of Englewood, Colorado,
this 16th day of August, A.O., 1965, and ordered published in full in the Englewood
Herald and Enterprise.
ATTEST:
<:§2 a£.,, ~ty Clerk-Treasuser
COUNCILMAN FULLERTON MOVED, COUNCILMAN HANSON SECONDED, THAT THE PROPOSED BILL
BE PASSED ON FIRST READING AND ORDERED PUBLISHED IN FULL IN 'l:HE ENGLEWOOD HERALD
AND ENTERPRISE. Upon the call of the roll, the vote resulted as follows:
Ayes: Councilmen Allen, Braun, Fullerton, Hanson, Rice, Love.
Nays: None.
Absent: Councilman Kreiling.
The Mayor declared the motion carried.
Introduced by Councilman Braun
A BILL
FOR AN ORDINANCE AUTHORIZING AND RATIFYING, THE EXECUTING BY THE MAYOR OF THE CITY
OF ENGLEWOOD OF AN AGREEMENT BETWEEN THE CITY OF ENGLEWOOD AND BELL PLUMBING AND
HEATING CO. AND DISPENSING WITH THE NECESSITY FOR COMPETITIVE BIDS THEREFOR, PUR-
SUANT TO THE PROVISIONS OF ARTICLE X, SECTION 116 OF THE CHARTER OF THE CITY OF
ENGLEWOOD.
BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF ENGLEWOOD, COLORADO:
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Minutes of August 16, 1965
Section 1. The Mayor and City Clerk-Treasurer are hereby authorized to nego-
tiate with Bell Plumbing and Heating Co. for a contract to have the said Bell Plumbing
and Heating Co. install and construct within that building commonly known as the "new
City Hall" a new boiler and related facilities, at a price not to exceed eleven
thousand one hundred 'e;gnty-six dollars ($11,186.00), without the necessity of
receiving competitive bids therefor.
Section 2. The previous actions of the Mayor and the City Clerk-Treasurer in
so negotiating with Bell Plumbing and Heating Co., without receiving competitive
bids, are hereby fully confirmed and ratified, and the contract heretofore presented
to City council is hereby accepted in all particulars.
Section 3. Council deems it expedient and proper to dispense with the require-
ment for competitive bids in this case for the following reasons:
A. That the aforesaid "new City Hall" is presently ; in the process of
being extensively remodeled, pursuant to a contract, executed after receipt
of competitive bids therefor.
B. That the "new City Hall" is presently under lease by the City of
Englewood, which requires monthly lease payments to be made to the owner
thereof.
C. That the present location in which the City's offices are being
maintained has been sold by the City and the City must pay to the new owner
thereof monthly payments during each month of its continued occupancy.
D. That, as a result thereof, any delay in the City's receiving possession
of the "new City Hall" will result in increased expenditures by the City for
continued possession of the location of its present offices.
E. That the extent of the necessary repairs to the heating system of
the "new City Hall" was not, and could not have been, definitely ascertained
at the time that the contract for the remodeling of said building was let.
F. That Bell Plumbing and Heating Co. has been employed, as a subcon-
tractor, by the firm which holds the contract for the remodeling of said
building, by reason of which said Bell Plumbing and Heating Co. is extensively
familiar with said building and its heating requirements, and would not need
to expend any additional funds in moving into said location for its work
under the contract.
G. That the City's architect and his consultant have advised Council
that they have solicited informal oral bids from various sources and that the
amount to be paid by the City to Bell Plumbing and Heating Co., in their
opinion, compares favorably with the charges which other firms would make for
the same services.
H. That, considering the time factor involved, there is no disadvantage
to the City in dispensing with competitive bidding and that there could be
considerable advantage in dispensing with this requirement.
Passed ' on First Reading by the City Council of the City of Englewood, Colorado,
this 16th day of August, A.D., 1965, and ordered published in full in the Englewood
Herald and Enterprise.
Mayor
ATTEST:
city;c~erk-Treaaurer G ~c?-e_!,
COUNCILMAN BRAUN MOVED, COUNCILMAN FULLERTON SECONDED, THAT THE PROPOSED BILL
BE PASSED ON FIRST READING AND ORDERED PUBLISHED IN FULL IN THE ENGLEWOOD HERALD
AND ENTERPRISE. Upon the call of the roll, the vote resulted as follows:
Ayes: Councilmen Allen, Braun, Fullerton, Hanson, Rice, Love.
Nays: None.
Absent: Councilman Kreiling.
The Mayor declared the motion carried.
COUNCILMAN BRAUN MOVED, COUNCILMAN ALLEN SECONDED, THAT THE MAYOR AND CITY CLERK
BE AUTHORIZED TO SIGN AN AMENDED LEASE WITH PUBLIC SERVICE COMPANY. THE AMENDMENT
TO A LEASE DATED JANUARY 1, 1963, PERTAINING TO FIVE WELLS. Upon the call of the
roll, the vote resulted as follows:
Ayes: Councilmen Allen, Braun, Fullerton, Hanson, Rice, Love.
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Minutes of August 16, 1965
Nays: None.
Absent: Councilman Kreiling.
The Mayor declared the motion carried.
The City Attorney gave a report on the Centennial Annexation that the appeal
should be dismissed without any further legal difficulty.
COUNCILMAN BRAUN K>VED, COUNCILMAN RICE SECONDED, THAT THE ·CITY ATTORNEY TAKE
THE NECESSARY ACTION TO REMOVE FROM THE LITTLETON FIRE DISTRICT AN AREA IN CENTENNIAL
ACRES. Upon the call of the roll, the vote resulted as follows:
Ayes: Councilmen Allen, Braun, Fullerton, Hanson, Rice, Love.
Nays: None.
Absent: Councilman Kreiling.
The Mayor declared the motion carried.
The City Attorney gave a report on the Mountain States Telephone and Telegraph
case, stating that no final judgement was entered by the trial court, and it will be
filed with the supreme court.
A report was given on the Empire Bench Company as to condition of the benches,
payment of fees and unable to locate principals of the company. The City Attorney
explained that City Council did have the . right to cancel the contract with Empire
Bench Company.
COUNCILMAN BRAUN MOVED, COUNCILMAN HANSON SECONDED, THAT THE CONTRACT WITH
EMPIRE BENCH BE CANCELLED BECAUSE OP NON-PAYMENT OF CONTRACT PRICE AND CONDITION OF
THE BENCHES, THEY WILL BE GIVEN 120 DAYS TO REMOVE, AND IF NOT REMOVED BY THAT TIME
THE CITY WILL REMOVE THE BENCHES. Upon the call of the roll, the vote resulted as
follows:
Ayes: Councilmen Allen, Braun, Fullerton, Hanson, Rice, Love.
Nays: None.
Absent: Councilman Kreiling.
The Mayor declared the motion carried.
The City Manager gave a report on progress of the new City Hall remodeling as
to construction and furnishings. He explained that the job should be completed dur-
ing the first week of October, 1965, and that furnishings for the Library and other
areas of City Hall had been ordered.
The City Manager gave a report on the estimated revenues to be collected for
the balance of the year 1965.
The City Manager presented a quit claim deed from Mr. Loren M. Clarida giving
and conveying a tract of land south of West Union Avenue and west of the South Platte
River to the City of Englewood.
COUNCILMAN RICE MOVED, COUNCILMAN FULLERTON SECONDED, THAT THE DEED BE ACCEPTED.
Upon the call of the roll, the vote resulted as follows:
Ayes: Councilmen Allen, Braun, Fullerton, Hanson, Rice, Love.
Nays: None.
Absent: Councilman Kreiling.
The Mayor declared the motion carried.
A report was given on the proposed one-way traffic pattern as to its implementation
and the cost of such.
COUNCILMAN ALLEN MOVED, COUNCILMAN RICE SECONDED, THAT CITY COUNCIL ACCEPT THE
CONCEPT OF THIS PLAN TO BE IMPLEMENTED AS FUNDS BECOME AVAILABLE. Upon the call of
the roll, the vote resulted as follows:
Ayes: Councilmen Allen, Braun, Fullerton, Hanson, Rice, Love.
Nays: None.
Absent: Councilman Kreiling.
The Mayor declared the motion carried.
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• Minutes of August 16, 1965
The City Manager gave a report on the applications for Federal and State Funds
for flood repairs, stating that the applications have been filed with proper
authorities. He explained that Federal Funds would not be available for replace-
ment of the West Dartmouth bridge, but hoped for assistance by the State of
Colorado.
RESOLUTION
WHEREAS, the Home Rule City of Englewood, Arapahoe County, Colorado, or its
predecessor municipality, being the statutory City of Englewood, in said County
and State, has heretofore authorized, sold, issued and delivered, amount other
issues not here concerned, general obligation bonded indebtedness for water purposes
of the City, of which instant issues there now remain outstanding the following
amounts of the issues dated and designated as indicated:
Outstanding
Amount
$ 610,000
623,000
217,000
14,000
150,000
225,000
300,000
115,000
895,000
235,000
1,650,000
and
Type, Date and
Designation of Issue
Refunding Water Bonds
December 1, 1948
Refunding Water Bonds
December 1, 1950,
Series of 1950
Refunding Water Bonds
December 1, 1951
Series 1951
Water Extension Bonds
June 1, 1953
Water Exbension Bonds
June 1, 1954
Water Extension Bonds
December 1, 1955
Water Extension Bonds
June 1, 1956
Water Extension Bonds
June 1, 1957
General Obligation Water
Extension Bonds
March 1, 1960
General Obligation Water
Ext1ension Bonds
November 1, 1961
General Obligation Water
Extension Bonds
November 1, 1962
Series, 1962
Hereinafter Sometimes
Referred to As
Bonds 1948
Bonds 1950
Bonds 1951
Bonds 1953
Bonds 1954
Bonds 1955
Bonds 1956
Bonds 1957
Bonds 1960
Bonds 1961
Bonds 1962
WHEREAS, the remaining $5,034,000 of said issues of bonds {hereinafter sometimes
collectively referred to as the "Outstanding Bonds") may be refunded at a lower net
interest rate, thereby effecting a substantial saving in cost to the City and the
inhabitants and taxpayers thereof: and
WHEREAS, said Outstanding Bonds may also be refunded in such a manner as to make
the payments on said indebtedness more neB•ly coincide with the projected revenues
anticipated to be derived from the operation and maintenance of the Water System of
said City: and
WHEREAS, the City proposes to issue Refunding Water Bonds in the amount of
$4,845,000 to provide funds with which to refund said Outstanding Bonds in the amount
of $5,034,000 heretofore issued, therefore producing an additional savings in principal
of said indebtedness: and
WHEREAS, it is considered advisable and necessary to authorize the issuance of
said Refunding Water Bonds for such purpose: and
WHEREAS, it is hereby determined and declared that all of the provisions of law
have been met by suchrefunding procedure, as hereinafter set forth, and that the same
has been and is being undertaken by virtue of and in full conformity with the Consti-
tution and Laws of the State of .. C9lorado, the home rule Charter of said City of
Englewood, and more particularly with the provisions of Chapter 139, Article 44,
Colorado Revised Statutes 1963:
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THEREFORE THE CITY OF ENGLEWOOD, COLORADO, RESOLVES:
1 •. ' That, for the purpose of providing funds to refund and pay $5, 034, 000 of
the Outstanding Bonds described above, the City of Englewood, Colorado, shall issue
and cause to be sold at not less than their par value, negotiable coupon bonds of
said City, each to be designated "Refunding Water Bond, Series 1965: in the aggregate
principal amount of $4,845,000, bearing date September 1, 1965, with interest thereon
from and after date payable December 1, 1965, and semi-annually thereafter on the
1st day of June and the lat day of December each year, and to mature serially on
December 1, as follows:
Amount
$ 90,000
115,000
120,000
230,000
235,000
245,000
250,000
260,000
270,000
280,000
285,000
295,000
305,000
305,000
305,000
305,000
310,000
315,000
325,000
Maturity
1965
1966
1967
1968
1969
1970
1971
1972
1973
1974
1975
1976
1977
1978
1979
1980
1981
1982
1983
Said Bonds shall bear interest at a rate or rates not exceeding 5% per annum, to
be evidenced by one set of coupons only, with a maximum allowable difference between
the highest and lowest interest rate not to exceed 1-1/2%. The Net Effective Interest
Rate of said Refunding Bonds shall not exceed 3.250%, and the Net Interest Cost shall
not exceed $1,662,415.63. The specific interest rat~s on said Refunding Bonds shall
be established, within the above limitations, at the public sale of said Bonds· to be
held on Monday, August 23, 1965, and shall be inserted in the Ordinance authorizing
the issuance of said Bonds by amendment thereof on second reading.
Said Refunding Bonds maturing on or before December 1, 1975, shall be redeemable
at the option of the City six months prior to ~hier respective maturity dates upon
payment of par and accrued interest, plus a premium of six months' interest at the
rate specified in the bond or bonds being called for redemption. Refunding Bonds
maturing on December :·1, 1976, and thereafter shall be redeemable at the option of
the City on December 1, 1975, and on any interest payment date thereafter, in inverse
nmnerical order, upon payment of par and accrued interest only.
2. The proceeds of the sale of said Refunding Water Bonds and certain other
available funds .shall :immediately be placed· in escrow to be applied to the payment
of the said Outstanding Bonds of the issues hereinai:,q've referred to, in the manner
provided by law and the Ordinance authorizing such Refunding Bonds.
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AND BE IT FURTHER RESOLVED That a Certificate of Determination be made and entered I
upon the records of the City prior to the issuance of said Refunding Water Bonds, as
provided by law, in the following form:
S~E OF COLORADO )
COUNTY OF ARAPAHOE ) ss.
CITY OF ENGLEWOOD )
CERTIFICATE OF DETERMINATION
WHEREAS, the City of Englewood, Colorado, pursuant to proceedings lawfully had
and taken, proposes to issue its Refunding Water Bonds, Series 1965, in the aggregate
amount of $4,845,000 to refund a total of $5,034,000 of bonded indebtedness of said
City, as indicated below:
(a) City of Englewood, Colorado, Refunding Water Bonds dated December 1, 1948,
in the amount of $610,000, numbered 782 to 816, 852 to 887, 924 to 960, 998 to 1036,
1075 to 1114, 1155 to 1195, 1237 to 1278, 1322 to 1365, 1410 to ~454, 1500 to 1546,
1594 to 1642, 1691 to 1740, 1791 to 1841 and 1894 to 1947, all nlll>ers inclusive,
maturing December 1, in the years 1965 to 1978, inclusive, and redeemable December 1,
1963, and thereafter:
(b) City of Englewood, Colorado, Refunding Water Bonds, Series of 1950, dated
December 1, 1950, in the amount of $623,000, numbered 378 to 1000, inclusive, maturing
December 1, in the years 1965 to 1978, inclusive, and redeemable December 1, 1965,
and thereafter:
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(c) City of Englewood, Colorado, Refunding Water Bonds, Series 1951, dated
December l, 1951, in the amount of $217,000, numbered 184 to 340, 347 to 356, 372 to
381, 397 to 406, 423 to 432, 449 to 458 and 475 to 484, all numbers inclusive, matur-
ing December 1, in the years 1965 to 1978, inclusive, and redeemable at various dates
prior to maturity:
(d) City of Englewood, Colorado, Water Extension Bonds, dated June 1, 1953,
in the amount of $14,000, numbered 137 to 150, inclusive, maturing December 1, in the
year 1965 to 1967, inclusive, and not redeemable in advance of maturity:
(e) City of Englewood, Colorado, Water Extension Bonds, dated June l, 1954, in
the amount of $150,000, numbered 851 to 1000, inclusive, maturing on December l, 1980,
and redeemable June 1, 1969, and thereafter:
(f) City of Englewood, Colorado, Water Extension Bonds, dated December 1, 1955,
in the amount of $225,000, numbered 626 to 850, inclusive, maturing December 1, in
the years 1977 to 1979, inclusive, and redeemable December 1, 1969 and thereafter:
(g) City of Englewood, Colorado, Water Extension Bonds, dated June 1, 1956, in
the amount of $300,000, numbered 326 to 625, inclusive, maturing December 1, in the
years 1968 to 1977, inclusive, and redeemable June 1, 1971 and thereafter:
(h) City of Englewood, Colorado, Water Extension Bonds, dated June 1, 1957, in
the amount of $115,000, numbered 211 to 325, inclusive, maturing December l, in the
years 1965 to 1968, inclusive, and not redeemable in advance of maturity:
(i) City of Englewood, Colorado, General Obligation Water Extension Bonds, dated
March 1, 1960, in the amount of $895,000, numbered 106 to 1000, inclusive, maturing
March 1, in the years 1966 to 1977, inclusive, and redeemable at various dates prior
to maturity:
(j) City of Englewood, Colorado, General Obligation Water Extension Bonds,
dated November 1, 1961, in the amount of $235,000, numbered 41 to 275, inclusive,
maturing November 1, in the years 1965 to 1971, inclusive, and redeemable at various
dates prior to maturity:
(k) City of Englewood, Colorado, General Obligation Water Extension Bonds,
Series 1962, dated November l, 1962, in the amount of $1,650,000, numbered 101 to
1750, inclusive, maturing November 1, in the years 1965 to 1987, inclusive, and re-
deemable at various dates prior to maturity: and
WHEREAS, the law under which said Refunding Water Bonds must be issued requires
the City Council to determine the amount of Refunding Water Bonds, Series 1965, to be
issued and to make and enter upon the records of the City a Certificate of Determina-
tion prior to the issuance of said bonds:
NOW, THEREFORE, IN CONSIDERATION OF THE PREMISES, IT IS HEREBY CERTIFIED AND
RECITED AND DETERMINED BY THE CITY COUNCIL OF THE CITY OF ENGLEWOOD, COLORADO, AS
FOLLOWS:
1. That on the date of this Certificate such Refunding Water Bonds, Series
1965, have not been issued.
2. That the amount of said Refunding Water Bonds, Series 1965, to be issued for
the purpose of redeeming and refunding $5,034,000, a greater amount, of the outstand-
ing lawful bonded indebtedness of said City, above described, is hereby determined to
be the sum of $4,845,000.
3. That the Net Interest Cost of, and the Net Effective Interest Rate on the
Refunding Water Bonds shall be substantially less than the combined Net Interest
Cost of and combined Net Effective Interest Rate on the bonds to be refunded.
4. That all acts and things required to be done and conditions and things re-
quired to exist precedent to and in connection with the certifications he~ein con-
tained or referred to in rAlation to the Refunding Water Bonds, Series 1965, have
happened, have been prope~Jy done and performed, and did exist in regular and due time,
form and manner, as required by law.
IN WITNESS WHEREOF, the City Council of the City of Englewood, Colorado, has
caused this Certificate of Determination to be signed by the Mayor and attested by
the City Clerk under the seal of said City, this 16th day of August, 1965.
Mayor
ATTEST:
G:~e-L City Clerk
94
Minutes of August 16, 1965
RESOLUTION ADOPTED AND APPROVED This 16th day of August, 1965.
Mayor
ATTEST:
COUNCILMAN RICE MOVED, COUNCILMAN HANSON SECONPED, THAT THE ABOVE RESOLUTION
BE ADOPTED AND APPROVED. Upon the call of the roll, the vote resulted as follows:
Ayes: Councilmen .Allen, Braun, Fullerton, Hanson, Rice, Love.
Nays: None .
.Absent: Councilman Kreiling.
The Mayor declared the motion carried.
Introduced as a Bill by Councilman Fullerton
A BILL
FOR AN ORDINANCE PROVIDING FOR THE ISSUANCE BY THE CITY OF ENGLEWOOD, COLORADO,OF
ITS NEGOTIABLE COUPON REFUNDING WATER BONDS, SERIES 1965, IN THE PRINCIPAL AMOUNT
OF $4,845,000, TO BE DESIGNATED "REFUNDING WATER BONDSu, FOR THE PURPOSE OF REFUND-
ING A GREATER AMOUNT OF OUTSTANDING BONDED INDEBTEDNESS OF SAID CITY: PRESCRIBING
THE FORM OF SAID REFUNDING BONDS AND ALL OF THE DETAILS THEREOF: PROVIDING FOR THE LEVY
AND COLLECTION OF AN ANNUAL TAX TO PAY SAID BONDS, PRINCIPAL AND INTEREST: AND PRO-
VIDING FOR ESTABLISHMENT OF A PROPER ESCROW AGREEMENT TO ASSURE PAYMENT OF THE BONDS
BEING REFUNDED.
WHEREAS, the City of Englewood, Arapahoe county, Colorado, has outstanding its
negotiable coupon bonds, more particularly described in a Resolution and Certificate
of Determination heretofore adopted August 16, 1965, which descriptions are incor-
porated herein by specific reference, of the issu~s dated and designated, as follows:
Outstanding
Amount
$ 610,000
623,000
217,000
14,000
150,000
225,000
300,000
115,000
895,000
235,000
1,650,000
Type, Date and
Designation of Issue
Refunding Water Bonds
December l, 1948
Refunding Water Bonds
December 1, 1950
Series 1950
Refunding Water Bonds
December 1, 1951
Series 1951
Water Extension Bonds
June 1, 1953
Water Extension Bonds
June 1, 1954
Water Extension Bonds
December 1, 1955
Water Extension Bonds
June 1, 1956
Water Extension Bonds
June 1, 1957
General Obligation Water
Extension Bonds
March 1, 1960
General Obligation Water
Extension Bonds
November 1, 1961
General Obligation Water
Extension Bonds
November 1, 1962
Series 1962
Hereinafter Sometimes
Ref erred to As
Bonds 1948
Bonds 1950
Bonds 1951
Bonds 1953
Bonds 1954
Bonds 1955
Bonds 1956
Bonds 1957
Bonds 1960
Bonds 1961
Bonds 1962
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Minutes of August 16, 1965
In a total amount of $5,034,000 (sometimes collectively referred to as the "Outstand-
ing Water Bonds"): and
~ WHEREAS, said bonds may be redeemed and refunded and a substantial savings in
principal and net interest cost and reduction in net effective interest rate thereby
obtained: and
WHEREAS, by a Resolution duly adopted on the 16th day of August, 1965, the City
Council of the City of Englewood, Colorado, determined to issue, in accordance with
the Charter of said City and the Constitution and Laws of the State of Colorado, par-
ticularly Colorado Revised Statutes 1963, Chapter 139, Article 44, new bonds, each
to be designated "Refunding Water Bond, Series 1965", the same to be sold at not less
than their par value and the proceeds thereof used for the purpose of refunding and
paying said Outstanding Water Bonds in the total sum of $5,034,000, hereinabove re-
ferred to, the amount of said Refunding Water Bonds so to be issued being the sum of
$4,845,000, and the Certificate of such determination having been heretofore duly
made and entered in and upon the records of said City, as required by law: and
WHEREAS, it is hereby determined and declared that all of the provisions of
law have been met by such refunding procedure, as hereinafter set forth, and that
the same has been and is being undertaken by virtue of and in full conformity with the
Constitution and Laws of the State of Colorado, the home rule Charter of said City of
Englewood, and more particularly with the provisions of Chapter 139, Article 44,
Colorado Revised Statutes 1963:
BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF ENGLEWOOD, COLORADO:
Section 1. That in accordance with said Statute, there shall be issued negoti-
able coupon bonds of said City, each to be designated "Refunding Water Bond, Series
1965", in the principal amount of $4,845,000, for the purpose of refunding $5,034,000,
a greater amount, of bonded indebtedness of said City, which the City council of the
City has determined to refund, as provided herein.
Section 2. That the Mayor and City Clerk of said City be and they are hereby
authorized and directed to have prepared negotiable coupon Refunding Water Bonds,
designated Series 1965, of said City, in said aggregate amount of $4,845,000.
Section 3. That said bonds hereby authorized shall be negotiable in form, pay-
able to bearer, shall be dated September 1, 1965, shall consist of 969 bonds in the
denomination of $5,000 each, numbered 1 to 969, inclusive, shall bear :interest pay-
able December 1, 1965, and semi-annually thereafter on the 1st day of June and the
1st day of December each year, and shall mature serially on December 1, as follows:
Amount Maturity Interest Rate
$ 90,000 1965 4~
115,000 1966 4~
120,000 1967 4~
230,000 1968 4~
235,000 1969 I~
245,000 1970 3%
250,000 1971 3%
260,000 1972 3.10%
270,000 1973 3.10%
280,000 1974 3.10%
285,000 1975 3.10%
295,000 1976 3.15%
305,000 1977 3.15%
305,000 1978 3.20%
305,000 1979 3.20%
305,000 1980 3.25%
310,000 1981 3.25%
315,000 1982 3 •. 30% '-
325,000 1983 3.30%
Said Refunding Bonds maturing on or before December 1, 1'975, · shall be redeemable
at the option of the City six months prior to their respective maturity dates upon
payment of par and accrued interest, plus a premium of six months' interest at the
rate specified in the bond or bonds being called for redemption. Refunding Bonds
maturing on December 1, 1976, and thereafter shall be redeemable at the option of the
City on December 1, 1975, and on any interest payment date thereafter, in inverse
numart~al order, upon payment of par and accrued interest only.
The principal of and interest on said Refunding Water Bonds, Series, 1965, shall
be payable at the First National Bank of Englewood, Englewood, Colorado, or at Cleveland
Trust Company, Cleveland, Ohio, at the option of the holder or holders thereof.
Said bonds shall be signed with the facsimile signature of the Mayor with a fac-
simile of the impression of the seal of the City affixed thereto and attested and
countersigned by the manual signature of the City Clerk and Treasurer of said City.
The interest accruing on said bonds shall be evidenced by interest coupons thereto
attached, bearing the facsimile signature of the City Treasurer, and when so executed,
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Minutes of August 16, 1965
such coupons shall be the binding obligations of the City according to their import.
In addition there shall be a certificate relating to the registration of said bonds
printed thereon, which certificate shall be signed with the facsimile signature of the
City Clerk of said City and sealed with the facsimile of the impression of the seal
of said City, should any officer whose signature or facsimile signature appears on
said bonds or the coupons thereto attached cease to be such officer before delivery
of the bonds to the purchaser, such signature or facsimile signature shall neverthe-
less be valid and sufficient for all purposes.
Section 4. Said bonds and coupons to be attached thereto shall be in substan-
tially the following form:
STATE OF COLORADO
No. -----
UNITED STATES OF AMERICA
CITY OF ENGLEWOOD
REFUNDING WATER BOND, SERIES 1965
COUNTY OF ARAPAHOE
$5,000
The City of Englewood, in the County of Arapahoe and State of Colorado, for value
received, hereby acknowledges itself indebted and promises to pay to the bearer hereof
the sum of
FIVE THOUSAND DOLLARS
in lawful money of the United States of America, on the 1st day of December, 19 ---with interest thereon from the date hereof at the rate of per centum
( %) per annum, payable December 1, 1965, and semi-annually thereafter on the
1st day of June and the 1st day of December each year, as evidenced by interest cop@
ons hereto attached, both principal and interest being payable at the First National
Bank of Englewood, Colorado, or at -----------------------------------, at the option of the holder hereof, upon presentation of said coupons and
.....,,,..~---~ this Bond, respectively.
(The following clause to appear ~n bonds maturing on or before December 1, 1975,
ONLY)
This Bond is redeemable six months in advance of its stated maturity, at the
option of the City, upon payment of par and accrued interest, plus a premium of six
months' interest at the rate herein specified.
(The following clause to appear in bonds maturing on and after December l, 1976,
ONLY)
This Bond is redeemable in advance of its stated maturity, at the option of the
City, on December 1, 1975, and on any interest payment date thereafter, in its inverse
numerical order in the issue of which it is one, upon payment of par and accrued in-
terest only.
This Bond issued by the City of Englewood, Colorado, for the purpose of refunding,
redeeming and paying lawful and valid outstanding bonded water indebtedness of said
City, under, by virtue ~fi ,.' and in full conf l:rmi ty with the provisions of the Charter
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of said City and the constitution and Laws of the State of Colorado, more particularly
being Chapter 139, Article 44, Colorado Revised Statutes, 1963, and pursuant to an I
Ordinance duly adopted by the City Council of said City at lawful meetings thereof
held prior to the issuance of this Bond.
It is hereby certified and recited that all acts and things required to be done
and conditions and things required to exist precedent to and in the issuance of this
Bond to render the same lawful and valid have happened, been proped.y done and per-
formed, and did exist in regular and due time, form and manner, as required by law,
and that the total debt of said City, including that of this Bond, exceeds neither
the statutory nor the constitlti.onal limitations of the State of Colorado: that said
total debt is not increased by the issuance hereof: and that provision has been made
for the levy and collection of an annual tax on all the taxable property in said City
sufficient to pay the in~erest on the principal of this Bond when the same become due.
The full faith and credit of the City of Englewood, Colorado, are hereby pledged
for the punctual payment of the principal of and the intest on this Bond.
IN WITNESS WHEREOF, the City of Englewood, Arapahoe County, Colorado, has caused
this Bond to be signed with the facsimile signature of its Mayor, sealed with a
facsimile of the impression of its corporate seal, attested and countersigned by the
manual signature of its City Clerk and Treasurer, and has caused the attached interest
coupons to be executed with the facsimile signature of its City ~reasurer as of the 1st
day of September, 1965.
(FACSIMILE)
( S E A L )
ATTESTED AND COUNTERSIGNED:
{Do not sign)
city Clerk and Treasurer
(Facsimile Signature)
Mayor I
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Minutes of August 16, 1965
(Form of Coupon)
No. ------$ _____ _
On the 1st day of Deg~er 19~, unless the bond to which this coupon is
attached has been called for prlor redemption, the city of Englewood, in the County
of Arapahoe and State of Colorado, will pay to bearer
DOLLARS ----------------
in lawful money of the United States of America, at the First National Bank of
Englewood, Englewood, Colorado, or at
at the option of the holder hereof, being tgfce month's interest on its Refunding
Water Bond, Series 1965, dated September 1, 1~65, bearing
No. -------(Facsimile Signature)
City Treasurer
CITY CLERK'S CERTIFICATE
The undersigned, the duly appointed, qualified and acting Clerk of the City of
Englewood, Arapahoe County, Colorado, hereby certifies that this Bond has been duly
registered in a book kept for that purpose, and that the law under which this Bond
is issued provides that when so registered, its legality shall not be open to con-
test by the City which has issued it or any person or corporation in behalf of such
City for any reason whatever.
IN WITNESS WHEREOF, I have caused a facsimile of my signature and a facsimile
of the official seal of said City to be affixed at Englewood, Colorado, as of the
1st day of September, 1965.
(FACSIMILE)
(SEAL)
(Facsimile Signature
City Clerk
Section 5. That said Refunding Water Bonds, Series 1965, before delivery to the
purchasersthereof, shall be registered by the City Clerk in a book kept for that pur-
pose, and said Clerk is hereby instructed to perform such registration as a part of
the duties of the office. Such registration shall note the principal amount, the
date of issuance, maturities and rates of interest of said bonds.
Section 6. Said Refunding Water Bonds, Series 1965, when executed and registered,
as provided by law, shall be delivered to the purchaser thereof, in accordance with
the contract of purchase therefor, and the proceeds derived therefrom shall be used
exclusively for the purpose recited in said bonds: buth neither the purchaser of
said bonds nor the subsequent holder of any of them shall be in any way responsible
for the application of the proceeds of said bonds by said City, or any of its
officers or employees.
Section 7. For the purpose of meeting the interest accruing on said bonds promptly
and as the same thereafter becomes due, and for the purpose of providing for the
ultimate payment and redemption of said bonds, there ·shall be levied on all the
taxable property in said City, in addition to all other taxes, direct annual taxes
in each of the years 1965 to 1982, inclusive, sufficient to pay the interest on and
principal of said bonds as the same become due and payable, respectively.
Said taxes when collected shall be deposited in a special fund to be known as
"City of Englewood, General Obligation Refunding Water Bond Fund, Series 1965," and
such Fund shall be applied solely to the purpose of the payment of the interest on
and principal of said bonds, and for no other purpose whatever until the indebtedness
so contracted under this Ordinance, both principal and interest, shall have been
fully paid, satisfied and discharged, but nothing herein <1?.0rtt ··ained shall be so con-
strued as to prevent the City from applying any other funds or revenues that may be in
the City Treasury and available for that purpose to the payment of said interest or
principal, as the same respectively mature, and upon any such payment, the tax levy
or levies herein provided may thereupon to that extent be diminished. The sums here-
in provided to meet the interest on said bonds and to discharge the principal thereof
when due, are hereby appropriated for that purpose, and said amounts for each year
shall also be included in the annual budget and the appropriation bills to be adopted
and passed by the City Council of said City in each year, respectively.
Notwithstanding the foregoing provisions for tax levies, the City hereby further
covenants and agrees to establish, maintain, enforce and collect rates and charges for
water services furnished by the water system of the City, which rates and charges
shall be sufficient to pay reasonable costs of maintaining and operation said system
and promptly to pay the interest on and principal of all General Obligation Refunding
Water Bonds authorized herein.
Section 8. It shall be the duty of the City council of said City, annually, at
the time and in the manner provided by law for levying ·other City taxes, if such action
shall be necessary to effectuate the provisions of this Ordinance, to .ratify and carry
out the provisions hereof with reference to the !~vying and collection of taxes: and
said City shall levy, certify and collect such taxes in · the manner provided by law
for the purpose of creating a fund for the payment of the principal of said bonds
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Minutes of August 16, 1965
and interest thereon, and such taxes, when collected, shall be kept for and applied
only to the payment of the interest on and principal of said bonds, as hereinabove
specified.
Section 9.
interest coupons
declared to be a
holder from time
attached.
That the provisions of this Ordinance and each of the bonds and the
issued pursuant thereto shall constitute, and the same are hereby
binding and irrevocable contract between the said City and the
to time of each of said bonds and the interest coupons thereto
Section 10. The proceeds of such Refunding Water Bonds, being an amount of
not less than $4,845,000, shall be deposited by the City in a special fund and sepa-
rate trust account, designated as the "City of Englewood, Refunding Water Bond
Escrow Account 1965" (herein sometimes referred to as the "Refunding Escrow Account")•
said Account to be established and maintained at the First National Bank of Englewood,
Englewood, Colorado, a commercial bank duly organized and existing under the Laws of
the United States of America, being a member of the Federal Deposit Insurance Corpora-
tion, having full and complete trust powers (hereinafter sometimes referred to as
the "Bank").
The accrued interest, if any, on said Refunding Water Bonds, Series 1965, fran
their date to the date of issuance and delivery thereof shall be deposited at the
office of the City Treasurer in the Bond and Interest Fund of said City.
The accrued interest, if any, on the Outstanding Water Bonds to be refunded,
fran the last interest payment date on each of said issues to the date of delivery of
the Refunding Water Bonds, Series 1965, shall be deposited by the City with the Bank
in said Refundir1g Escrow Account.
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Section 11. Said Refunding Escrow Account, including therein the proceeds of the I
Refunding Water Bonds, Series 1965, and the accrued interest on the Outstanding
Water Bonds, as referred to above, when invested by the Bank, wi11 ·at all times be
at least sufficient to pay the interest on and principal of the Outstanding Water
Bonds of the City being refunded, under and in accordance with the following schedule:
(A) outstanding Bonds of the following issues, maturing and numbered as indi-
cated blow, shall be paid and retired at their respective maturity dates according
to their original terms:
Issue Bonds Numbered Maturities
Bonds 1948 782 to 816, 852 to 887 I 924 to 960, 1965 to 1974, incl.
998 to 1036, 1075 to 1114, 1155 to
1195, 1237 to 1278, 1322 to 1365,
1410 to 1454, and 1500 to 1546, all
numbers inclusive
Bonds 1950 378 to 793, incl. 1965 to 1974, incl.
Bonds 1951 184 to 340, incl. 347 to 356, incl. 1965 to 1974, incl.
372 to 381, incl.
Bonds 1953 137 to 150, incl. 1965 to 1967, incl.
Bonds 1956 326 to 530, incl. 1968 to 1974, incl.
Bonds 1957 211 to 325, incl. 1965 to 1968 incl.
Bonds 1960 106 to 690, incl. 1966 to 1974, incl.
Bonds 1961 41 to 275, incl. 1965 to 1971, incl.
Bonds 1962 101 to 325, incl. 1965 to 1973, incl.
Bonds 1954 and 1955 all mature subsequent to the Prior Redemption
Dates therefor and shall be redeemed in advance of maturity.
(B) Outstanding Bonds of the following issues, maturing and numbered as indicated
below, shall be called for redemption prior to their respective maturities and shall
be paid on the Prior Redemption Dates as follows:
Issue Bonds Numbered ~ Maturi ties Prior Redemption Date
and Price
Bonds 1948 1594 to 1642, 1691 1975 to 1978, incl. Dec. l, 1974
to 1740, 1791 to Par
1841 and 1894 to
1947 I all numbers
inclusive
Bonds 1950 794 to 1000, incl. 1975 to 1978, incl. Dec. l, 1974
Par
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Issue Bonds Numbered
Bonds 1951 397 to 406, 423 to
432, 449 to 458 and
475 to 484, all
numbers inclusive
Bonds 1954 851 to 1000, incl.
Bonds 1955 626 to 850, incl.
Bonds 1956 531 to 625, incl.
Bonds 1960 691 to 1000, incl.
Bonds 1962 326 to 1750, incl.
Minutes of August 16, 1965
Prior Redemption Date
Maturities and price
1975 to 1978, incl. Dec. l, 1974
Par
1980 Dec. 1, 1974
Par
1977 to 1979, incl. Dec. 1, 1974
Par
1975 to 1977, incl. Dec. 1, 1974
Par
1975 to 1977, incl. Mar. l, 1974
Par
1974 to 1987, incl. May 1, 1974
Par
Bonds 1953, 1957 and 1961 are not to be redeemed in advance of
their respective maturities, but shall all be allowed to mature in due course.
(C) Interest on said Outstanding Water Bonds which matures subsequent to the
date hereof, shall be paid semi-annually each year as the same accrues according
to the original terms of said bonds until said bonds mature or until the proper Prior
Redemption Date, whichever is the earlier date in each case.
Section 12. The Bank shall invest the funds on deposit in the Refunding Escrow
Account in direct obligations of the United States of America ONLY, and shall fully
secure any cash balance in said Account in the manner required by law for other
trust funds.
Section 13. If, for any reason, at any time, the funds on hand _ in : such
Refunding Escrow Account shall be insufficient to meet such payments, as the same
shall be about to become due and payable, the City shall forthwith deposit in such
Refunding Escrow Account such additional funds as may be required fully to meet the
amount so about to become due and payable.
Section 14. The Bank shall from time to time redeem all or a portion of the
direct United States obligations in said Refunding Escrow Account, in sufficient
amounts so that the proceeds therefrom and the interest thereon as the same accrue,
will be sufficient to meet the interest requirements on the Outstanding Water Bonds
as such interest accrues and to pay or call in and redeem said bonds at their res-
pective maturities or on the proper Prior Redemption Date, according to the schedule
hereinabove set forth.
Section 15. The Mayor and the City Clerk and Treasurer shall, and they are
hereby authorized and directed to take all necessary or appropriate action toward
the execution of a proper Escrow Agreement with the Bank concerning the deposits in,
investments of and disbursements from said Refunding Escrow A~count, and other such
agreements as may be necessary or desirable to effectuate the provisions of this
Resolution and comply with the requirements of law.
Section 16. The City Clerk is hereby authorized and directed, and he shall give
notice of prior redemption and refunding of said Outstanding Bonds in the manner re-
quired by law at the time of such refunding and again before" the Prior Redemption
Date herein established. Unless additional and more extensive notice is required
by law, the Notice shall be given by publication in the newspaper published in the
City, or, if there be no such newspaper, then in some newspaper published in the
county in which the City is located, and which newspaper is customarily used by said
City for legal Notices, and in a newspaper of general circulation in the City of
Denver, Colorado. At the time of such refunding said Notice shall be published one
time in each of said newspapers at or about the date on which the Refunding Water
Bonds are issued and delivered. The Notice shall again be published before each of
the Prior Redemption Dates, in such newspapers, by insertion in -af -teast one edition
of each newspaper, such publications to be not less than thirty (30) days before
each said Prior Jiledemption Date. Said Notice shall contain all the details required
by law, and must. , • adequately describe the bonds to be called and redeemed, the date
on which the same will occur and shall state that after the date for payment and
redemption, interest on said bonds will cease.
In addition to the Notice hereinabove, specified, Notice shall be given to the
following by certified or registered mail not less than 30 days before each of said
Prior Redemption Dates:
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Minutes of August 16, 1965
Pi rm
Boettcher and Canpany
Peters,Writer,Christensen,Inc.
Coughlin and Company
Denver Consolidated Bond Call
Present Address
828 Seventeenth Street
Denver, Colorado
c/o Francis I. duPont Co.
724 Seventeenth Street
Denver, Colorado
1200 First National Bank Bldg.
Denver, .Colorado
c/o Francis I. duPont & Co.
724 Seventeenth Street
Denver, Colorado
Section 17. There are hereby appropriated and set aside from any available fund
or funds of the City, the amount or amounts necessary to pay all costs and expenses
incident to the issuance of said Refunding Water Bonds, Series 1965, including, but
not being limited to, publication, escrow bank, printing, legal, accounting and
fiscal agent expenses.
Section 18. If any court of competent jurisdiction should ever determine that
any part of this Ordinance is invalid or unenforceable, such determination shall not
affect the remaining parts hereof, the intention being to make the provisions herein
severable.
Section 19. That after said Refunding Water Bonds are issued this Ordinance
shall not be altered or repealed until the bonds hereby authorized shall have been
fully paid, as to both principal and interest.
Section 20. That all ordinances, or resolutions, or parts thereof, in conflict
with the provisions hereof, be and the same are hereby repealed.
Section 21. This Ordinance shall be amended to include the specific interest
rates and alternate paying agent as the same are established at the public sale of
such Refunding Water Bonds, Series 1965, at a meeting to be held on Monday, August
23, 1965, at or about 8:00 o'clock P.M.
A Public Hearing on this Ordinance, as amended, shall be held in the Council
Chambers :in the City Hall on Tuesday, the 7th day of September, 1965, at ornabout
the hour of 8:00 o'clock P.M., and Notice of such Hearing is hereby authorized to
be given by publication in The Englewood Herald and Enterprise, a newspaper published
and of general circulation in said City, in its issue of August 26, 1965.
Section 22. This Ordinance shall take effect thirty (30) days after publication
following final passage.
Section 23. This Ordinance, immediately upon its final passage, shall be
recorded in the Book of Ordinances of said City kept for that purpose, authenticated
by the signatures of the Mayor and City Clerk, and shall be published in the
Englewood Herald and Enterprise, a newspaper of general circulation in said City.
INTRODUCED as a Bill and read this 16th day of August, 1965.
Mayor
ATTEST:
COUNCILMAN FULLERTON MOVED, COUNCILMAN RICE SECONDED, THAT THE PROPOSED BILL BE
PASSED ON FIRST READING AND ORDERED PUBLISHED IN FULL IN THE ENGLEWOOD HERALD AND
ENTERPRISE. (BILL WAS NOT PUBLISHED) Upon the call of the roll, the vote resulted
as follows:
Ayes: Councilmen Allen, Braun, Fullerton, Hanson, Rice, Love.
Nays: None.
Absent: Councilman Kreiling.
The Mayor declared the motion carried.
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Minutes of August 16, 1965
It was agreed that there would be a special meeting of the City Council on
Monday, August 23, 1965 at 5:30 P.M. to consider the bid on the General Obligation
Water Bonds.
The City Manager announced the tour of the Western Slope Water Development for
members of the Englewood City Council and guests from Littleton had been set for
Thursday, August 26, 1965, with the bus leaving City Hall at 8:00 A.M.
The City Manager asked to have an informal budget review with City Council on
Tuesday, August 31, 1965.
The City Manager's monthly report was received.
Information was given in regard to the State Committee on Disasters in that a
meeting to be held on August 23, 1965, would be open to Arapahoe county Officials.
The matter of an appraisal on the Colorado National Guard location was
brought up.
A letter from the Boy Scouts of Englewood, New Jersey stating their apprecia-
tion for the courtesies extended ~hem on their visit to Englewood, Colorado was
read.
COUNCILMAN BRAUN MOVED, COUNCILMAN HANSON SECONDED, THAT THE MEETING BE
ADJOURNED. Upon the call of the roll, the vote res~lted as follows:
Ayes: Councilmen Allen, Braun, Fullerton, Hanson, Rice, Love.
Nays: None.
Absent: Councilman Kreiling.
The Mayor declared ~he meeting adjourned at 10:30 P.M.
/s/ Ray Chase, City Clerk-Treasurer
Clerk of theCouncil
The minutes of the meeting of the City Council of the City of Englewood,
Colorado, held on the 16th day of August, 1965 A.O., stand approved as written
this 7th day of September, 1965 A.O.
101