HomeMy WebLinkAbout1997 Resolution No. 099•
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RESOLU'l'ION NO . JJ
SERmS OF 1997
A RESOLUTION OF THE CITY OF ENGLEWOOD , COLORADO, ACTING BY AND
THROUGH ITS WATER UTILITY EN'l'ERPRISE, APPROVING THF. SALE OF ITS
WATER REVENUE BOND TO THE COLORADO WATER RESOURCES AND POWER
DEVELOPMENT AUTHORITY IN THE AGGREGATE PRINCIPAL AMOUNT OF
Sl5 2,836 AND ESTABLISHING THE FINAL TERMS, CONDITIONS, AND DETAILS
THEREOF .
WHEREAS, the City of Englewood, acting hereunder by and tlu'Ough its Water Utility
Em,,rprise (the'Vi.ty") A municipal corporation, duly organized and operating under the City
Charter and the Constitution and laws of the State of Colorado; and
WHEREAS, the Water Utility Enterprise of the City is a duly established water activity
en!P.!prise esiatillg under the provisions of the City Charter and the provisions of Title 37,
Article 45. ·, Colorado Revibed Statutes; and
WHEREAS, after public notice and distribution of an Official Notice of Bond dale, on
Septemht .· 12, 1997, the City ccnducted a public sale and received a bid for the is•uance of its
Water Revenue Bond, Series 1997 (the 'Water Bond ') from the Colorado Water Resources
and Power ilev•lopment Authority (the "Authority"); and
WHEREAS, on Septemher !5, 1997, the City Council, actin~ as the governing body oft!.,
Wauer Utility Enterprise (the "City Council") awarded the sale of the Water Dond to the
Authonty and passed and adopted Ordinance No. 77, Series of 1997 (the "Authorizing
Or,!inance") approving the Water Bond , authorizing the form and execution of underlying
agreemems and documents, and pro,.ifr,g that the final terms, conditions, and details of tne
Wau,,. Bond be established by re.so!ution of the City; and
WHERF.AS, the Authority hss presented the City with a final payment sched1tle for the
Water Band incorporating !:uch final terms , conditions, and details;
NOW , THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF
ENGLEWOOD , COLORADO , A.15 FOLLOWS:
~-Approval of Loan Repayment Schedule Th e final ter ms , conditiou:. an d
detail! of :he Water Bond as set forth in the Lean Repaym ent Scherlule (the "Schedule"),
attached ::iere·..o as Exhibit A nnd incorporated herein by referent., o•·e hereby cc 11fu-med
and a pp=•ed. As set fo rth in the Sche-lule , the principal amount of the Water Bond does not
~ $15 ,500,00 0 and the me.Ji.mum .,,.,, effective interest rate does not exceed 5.5% per
a.inum .
~-~fu~. All actions relating to the
authorizanon. issuance, delhery, and sale of the Water Bond heretofore ta.ken by the City.
acting as the go ·,erning body of the Water Utility Ente,-prise, and by the employees of the
City, nnt in co nsistent with the provisions of the Authorizing Ordinance and this
lu!s<:>lution . are he:eby ratified . app roved , and confirmed .
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~-Recording and Autbenticotion · EffACtftc:]i)atc Upon adoption bereaf', this
Reaolution shall be numbered and rea,rded, and shall !be authenticated by the signature of
the Mayor nnd the City Clerk. This Resolution shalll !become effective immediately upon
adoption.
,,,~~,~~~~~~,.,-~7lilk/
~d,(h
Loucnshia A. Ellis, City Clerk
I, Loucrishia A. Ellis, City Cl erk for/16" City of Eqlewood,
above is a true copy of Resolution No. l.J_, Se.ries cf 1199
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ACTING l'I' AND TH-na WA'la UTIJTY 1111'1-
L0o\N lll!l'AVMIIIT SCHlllULI
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an,.\'I 30.911.Z7 0.01 30.S&!.211
1111/11 1~ ,13.:274.34 1,IQ,SU.3' 30.a&.21 134,7"8.30 314,llaOO
2/MIII 1~ fll,274.34 1~ 30,Sl!.2T 1111l,10ll.a1
5111911 ,~ 13,274.34 1~ 30.5116.27 1811,7 1!6.all 3'4,l75.30
11111111 1a.-,o.oo 13,274.34 1"8.SIUO J0,58S.27 2l.2CeA4 20U11l11
11/111111 138,7SIIJJO 13.517.IIO 15Ul'7.ll0 30,586.27 193.61e.M 3't,llol0.D8
1l1JD0 131.rnl.® 13.517.90 1sz,.l!7,90 30 ,'8!.Z7 34#15.92 217,JellOII
511/00 131,7'.0.00 13.517.90 15Z.287,90 30.se.27 1113.l<UII 3'1.-011
811/00 131,7SII.OO 13.517.90 1112.2117.90 30,5811.ZT 34,1141 ,75 111.•uz
11/1,00 1<:l.510.00 1a.u:ua 1!58,3&1.25 30.5B5.Z7 ,1111ML7' )W,151.27
211/01 1-.00 13,l!G~ 1!58,313.25 JO.-.z1 3','22.4! 221.311G.91'
511/01 1G,510.00 13,11.1.25 151,383.25 30.5115.%7 157 .... 1'5 3'4,197.27
811/01 1~ 13,N~ 1Y.l83.25 30.51527 34,422.411 221 ,.1111.t7
11/1,ll '. 1411,000.00 14,121112 1511,12U2 J0.515.27 m,m.so 341 ,5'4.SI
2/1/0;I 1415,000.00 14,12!.42 158,129.82 30.51lSI/ 33,1148.32 2%!,5111.41 • 5/1/0;I 1"8.000.00 1~12&.12 15D.121.12 :I0.5lll:l7 1e1,a:uc 341,5,,U.50
81111);1 148,000.00 14,12U2 15&,1:ZUZ 30.5111!.27 3.UG~ 223..."<11.41
11/1.112 1'8,751).00 1, • .az.1s 163.l42.18 30.585.27 1411,57.!0 330,,0.A.a:1
2/1/03 1'8,l'S).00 14,.m.1s 163.242.18 30 .585.27 33,1113.82 227,021 .06
!/1/03 1'8,7611.00 1,1,.az.1s 183.242-18 30 ,!1111.27 148,!117.50 3311,,1:l,U3
811/03 1"4,71!0,00 14.492.~e 16J.242.16 30,51111.27 33,1 93.52 227,02 1.05
11/Mll 151,2!0.00 1.4 ,735.7:J 161.915.73 30.5811.27 131l,12UII 335.e97.aa
2/1/04 181,2!0.00 14,735.73 161.915.73 30 ,515.ZT 32.4411.50 229,017.150
511/04 151,2!0.00 14,735.73 15S,$M73 30,ea!l.27 1311,128.la 335,ew.aa
1/1/04 151,2!0.00 '4,735.73 185,915.73 30~ 32.4411.00 220.017.150
11,1.0. 155.000.00 15,101,08 170.~01 .09 30,W.27 132,31111.25 =-2/1/08 155.000.00 15,101.08 170,1 01 .08 30,51!5.27 31,!Je.77 :m,222.12
5/1/08 155,000.00 15,101.08 170,1 01 JI 30.5U,27 132,3811.25 J33 ,0112.110
1/11118 155,000.00 15.101.QII 170,101 .08 30,51!5.27 3M35.77 232,222.12
11/111115 158.750.00 15Al.43 17-'.2Hl.43 30,585.27 125,421 .25 330,222.911
2/1101 1:sa.1~.00 15Al'.1.43 174,216.4.l 30.ses:n 30,524.87 Zlli,32S.57
5/1/0II 151,7S0.00 i..MA.1 174,218."3 30,585.27 12',421.25 330.222.QI!
1111101 158.71!0.00 1.'),'466.43 174.2111.43 30 ,585.27 30.-87 23i5.32tl.57
11/IAJII 162,500.00 '1 5,831 .78 178.331 .78 30.5111!.27 118.198.13 327,115.18
211/01 182.6110,00 15.831 .78 176,331.78 :io~.zr :!V,410.1 3 238.3:17 .1 8
5/1/IJI 162,500.00 15,831.78 178.331.78 30 ,585.27 118,198.il 327,115.115
1111m ,e:>~.00 15,831.78 178.j31 .78 30,!!16..27 29,410.1 3 2.Jl!.327 .18
1111/07 166,2Sll.OO 18,197.13 1112.+47.13 30,'585.27 110,723.13 JZl,7!;11.5:!
2/11<)11 11111,200.00 18,197.13 1112."7.13 30,585.27 28.1 87.110 m=
tJ1£5 19',250.00 18,197.~3 182,447.13 30,5115.27 110.723.13 323.7~
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u1iao 1TI:Z,0.00 -,,.,~ 30.-» a.111.ao ~.207.la
..,Alt 171.21111.llO ~ 1e7,IDUJI 3D.S27 1~ 321,3<1.71
1'1Alt 171,2!G..011 ,-.-.a 117,lDUI 30,5&%7 2!S,&IO'.f,C "'8.:07.<3
1111,a 171,QOO.OO 11',00U1 111Z,M61 31)-'811.27 M.'3SJXI 317.oeau
2/1/1D ·-17,00U1 1112.lWt.11 31),511.27 :iuee.oa 247.520.U -· 1~· 11'-.a1 111a.0'U1 30.511.27 11,435.DQ 317,Dn.ll
WV10 17SLIID.OO 17,00U1 1112.lMUl 311.Sll.27 :1u•.oa 247,5l0.U
11/tl10 111.0011Jl0 17.Sll,14 117,Ul.74 30.Sll.27 •.-..oo 31:uaT.01
:111/11 1IOJIXU:IO ,,..-.1,4 ,., .... , ... 30,&IUl' :ZZ,NUO :150.181,11
811/11 1ID,000.00 17.$11.74 117,531.74 3U.lla.27 IUM.00 '!13.107,01
1'1111 1111.000.00 17.511.74 117,S7' 30.~ zz.mt.811 -·· 11/1111 , ...... oo 1UZU7 2DU2U7 30.511.27 7',.W.ca 310,204.14
211/12 ,.....,ca 1&.aa.17 :m.m.11 30.AS.%7 20,l'IID.70 2'<..:11 .....
,n112 , ...... oo 1&a1,17 llll.ml7 3Q.5i5.27 71,5115.00 310.204.~4
..,/12 1 ...... 00 -llll,02117 30.580.27 20.l'IID.70 21u1 ....
11'1/12 1t1JS1.ca 1&m.71 -71 30.5I0.27 U.18:LSO 307,3111.Y • 2/1113 1111.2QJ)D 1a.a:t.71 lOUG.71 lO,AU7 111,1,1 .u 251471.17
~t/13 1111.21111.00 1UIZ.71I llll.tll.71 l0.!85.27 ll.dll2.50 307 ,350.N
811113 1111JSl.00 1&m.71 200-71 31).515.27 11,111.82 251.ffl61
11(1/13 118,2S1,IIO 11..!'S.11 21 ....... 1 J0.511.27 51 ,M1 .U 3Ctl.711.01
211/1-4 1m.2'0,ca 11.nu, 21!.alll 3C.5K.27 15,.:a,93 211~15.11
611/14 1a.2SQ.OO 11.~ 215..JIUt >0.$11.27 11"'41.11 l02.797.011 ar,,,, 1-00 1a.n 1.a1 215.)11.91 l0.515.27 15,Ql.9,3 291.3111.11
111111, .:a2,500.00 1snus = >0.515.27 '°31.7'5 ·•= 2/1/15 202,IQ0.00 11.,"3.113 m.:.::u3 3C.5l5.27 12.171.10 295A112.31
~1/15 -oa 111,7.11.&t 2,'2.221.&1 >0,580.27 '8,$11..7'5 2"1,.152..N
lM't/11 z:i:uoo.oo ,a,nu;s = 31),NSV 12.07!.10 ~.412.20
11/1/15 ---J0311J4 -.7. 31)~ 35,QOT,SO 295.510.51
211111 208.71!0.00 a..m.74 221.017.7 .. 31),515.27 ~-.. 2U.61UI
511/10 200,7,0.00 'JIUYl.74 ZZ1.017.74 31).511.27 3Ul7.SO 2811.el0 .51
1'1/11 201.,"'!0.DO :it.=.74 221.CD.74 JO.-Z, O'W.05 211.511 .1!11
~ 111111 ZZIJII0.00 .:z.a.z7 2:lt.a.27 15.292.54 2',143.75 l91,1T-tl!II
:111117 m.150.00 :::ull27 251/rA:ZI 15.292.M &.I07.1T 273,138.011
Yl/17 221.l'!IO...O ~ 211--27 11L:282.M Z4.143.75 211,172.91
&'1/17 22.5.730.00 :Z:Z.:1111.27 211,031.27 1a,;m.114 I.I07.17 273 .1 38.01
1111117 240.000.CO :z>..:IIUZ ""= ,,AGl.48 12,72000 211,5;"1.ao
1/1/11 -ca ZUIIZ.3:I :.e:J.Jal.J2 11A8UI ~,111.27 27&.J:17.07
511111 :40.000.JO ZUl2.!2 l!Sl21.l2 11AG.41 12.no.oo 287 ,S7t.80
811/18 2.t0,000.00 :z:uc..s, =:12 11 ,469.48 ~4M.27 m .l31.01
TOTALS 13.9,3.5.000..00 ,== S1~3J $2,J,19,474.25 $5.17•.S?0.04 S22~.05l.52
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COUNCIL COMMUNICATION
Date Agenda Item Subject Resolution approving
the Water lily Enterprise sale
of its rev8!!ilue bonds to the
Colorado Water Resources and
October 6, 1997 10 C i Powero-JopmentAuthority
Initiated By
Department of Fin ancial Services
I Staff Source
Frank Gryglewi=. Directo r
COUNCIL GOAL AND PREVIOUS COUNCIL ACTION
City Council has consistently made drinking water qua lity and safety a priority . This resolution
approves the Water Utility Enterprise sale of revenue bon ds to the Colorado WaJier Rssources and
Power Development Authority in the amount of $15 ,292,636 . This resolution also establishes the final
terms, conditions , and details of the reve nue bonds .
RECOMMENDED ACTION
Stalf rec om mends Council approve th is re solution allowing the sale of ,evenu e bonds, and establishing
thE final terms, ccnditions, and details of the revenue bonds .
BACKGROUND , ANALYSIS , AND ALTERNATIVES IDENTIFIED
City Council approved bills for ordinances
FINANCIAL IMPACT
The pr incipal amo unt of the revenue bonds sold to the Authority is S15,292 .53€.. The interest r:i.: of
this lo an is 4.14 percent. A repa yment s~hedule is attached .
LIST OF ATTACHMENTS
Proposed resolution
Repayment sch edule