HomeMy WebLinkAbout1986 Resolution No. 011I
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Rf.SOL UT I ON NO, .LL_, S ER I ES OF 1986
A RESO LUTION fROVIDING FOR TH E NOT I CE OF SALE OF SPE CIAL
ASSESS MENT BONDS , OF THE CITY OF EN GLEW OOD , COLORADO , FOR PAVI NG
DI STR I CT NO. 31, IN THE PRIN CIPAL AMO UNT OF $32 5 ,000 AND PROVIDI NG
FOR TH E PUBLICATI ON AND MAILING OF TH E NO TI CE .
W~EREAS, t he City Council of th e Cl ty of Engle wood ,
Co l o rado , ha s , by Or di nan ce No./.f , Ser ies of 198 6 , created Paving
Di s Lr i c t No. 3 1 , f o r th e pur pose o f co ns tr uctin g an d in s tallin g
stree t pavi ng , cur b a nd g utt e r and s id ewa lk improv e me ~t s, t oge th e r
with necessary i nc id e nta l s , on c e rt a i n st ree ts in th e City ; and
WH EREAS, th e City Co un c il h as determined that it is
necessa ry t o i ss ue spec ial a s s essme n t bo nds for th e Di s trict , f or
the purpose o f pay i ~
i ns tal l at i o n ; a nd
J rt of the costs o f such con s t ruction an d
WH EREAS , i n ac corda nce with the City Charter, it i s
.10 c css ary to ad ve rti se for the sal e o f th e bo n ds ;
BE I T RESO LVED BY TH E C ITY CO UN C IL OF TH E C ITY OF
ENr.LE l-100D , COLORAD O:
1. Notic e of Bond Sa l e . That notice of a sal e of
spec i al ass essme nt b o nd s i n th e t ota l p rincipal amount of
$325 ,000 , shal l be giver. by publicatio n in on e is s ue o f th e
Engle1<oo d Senti ne l , a n ews pap e r pu b li s h ed and of g e ne ral
c ir cu l ation in the C1~y , in th e edition d a t ed April 9, 1986 .
2 . Fo r m o f Notice. Th e f orm of the n o ti ce of sa l e
s hall be s ub s t a ntially a s fo ll ows :
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OFf!C JAL NOT I C E OF BOND S /\LF:
$3 25 ,00 0
CITY OF EN GLE1'100 D, COLORAD O
PAVING DI S T~I CT NO , 3 1, SPEC IA L AS S!:.,SMF.NT BONDS
S ALE DATE : 2 :00 P ,M ,, MON DAY , MA Y 1 9 , 198 6
PURL I C NOT I CE I S HEREB Y GIV EN tl1a t the C ity Counci l of
the Ci ty o f En g l e w od , Co l or a do , (the "City") will o n Mo nday ,
May 1q , 1 9 86 , at 2 :00 P .M . l oca l t i me , at the o ffi c e of the
Di rec t or o f Fin a nce , 340J So . El a t i S tree t, in Ena l e woo d, Co l o rado
AO I I O, r<'ce i ve sea l ed bi ds a nd puhl i c l y o p e n t he same fo r th e
rur c h ase o f t h e re g i s t e r ed spec i a l asse ssme n t b o nd s o f the Cit y,
mo re par ti c ul a rly d esc r ibed b e ! o w:
BOND PRO VI S ION S
I SS UE : City of Eng l ewood , Co l or a do , Pavi ng Di stri c t
No . 31 Spec ial Assessmen t Bo nds , in the pri n c ipal am ou nt o f
$325 ,000 , d a t ed J un e I, 1 986 , co n s i s t i ng o f r eg i s tered bo n ds i n
the d e n om inati o n o f S l,0 00 eac h ( the "Bonds "),
MATU R I T I ES : Al I Bond s h a ll ma t ur e o n Au g u st 1, 1997,
f o r the p u rpose of compa ri s o n o nl y , bids sha ll b e submitte d on t h e
fo l l o wi na est im ated d a t s o f payme n t.:
EST IM AT ED PAYM ENT DA T E (Au gust l l
Yea r Am o unt
1 987 $115,000
1 98 8 55 ,0 00
: 989 4 5 ,000
1990 30,000
1 991 3 0 ,0 0 0
1992 25 ,0 00
1 993 25 ,000
Th e
expe ri e n ce of
g u a rant e ed .
abov e est i ma t ed p a ym e nt d a t e s are
r e c emr ti o n b y th e City and the ir
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based upon p as t
acr;uracy is n ot
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IN TEREST RAT ES AND LIM IT ATI ONS: T he maximum n et
e ff ec tiv e int e r es t rat e s hall n ot e x ceed tw e l ve percent (12\) per
ann um .
A. Inter es t s hal l be payabl e t o th e r egistered own e r
th erl'nf and payabl e on Fe b rua ry
commr•n c in g Feb ru a ry 1, 19 87 ,
and Au gust eac h y ear ,
B. Sepa r ate o r d ifferent "A" and 11 8" int e r es t rat e s
may be b i d fo r each es timi>tecl p ayme n t. d ate , but bi ds based on
sp lit i nt e r es t r ates for any one e st im at ed payme n t date wi II no t
h e accepted .
c . Ea ch rat e sta ed must b e in multip l e s of o n e-eighth
( 1/8 ) o r one -twe n t i eth (l /20) of one perce n t (1 %) pe r annum.
PAYM EN T AND REG J STRAT JON: The pri n cipal of and pre mium ,
i I any , on th e Bo n ds s h all \Je pay ab l e in law fu l money of th e
Uni t ed S t ates of Am e rica to th e r eg i s tered o wn e r of eac h Bo n d upo n
pr ese ntat i o n th e reof, at the p r inc i pal off ic e of Th e Fir st
Natio na l Bank o f En g l e wood , in Englewoo d, Colorado, as p a ying
a9cnt . lnte res t o n the Bonds i s payabl e t o th e perso n i.n wh ose
n ame eac h Bond i s r eg ist e r ed , at hi s address a & it appea r s o n th e
rcgist at i o n book s m;,i nt ai n ed b y or o n b e half of th e City by The
fir s t Nat i ona l Ban~ o f Engl e wood, in En g lewood , Cc l orado, as bon~
r e(Jis trar . The ini tial r egi s t r a t i o n of th e bo nd s t,y the bonJ
1-eg i s trar shall be at th e is s uers ' e xpe ns e . Subs e qu e nt tran sfer
a nd r eg i s tration fe es shall be at th e o wn e r 's e xr ~ns c .
P RIOR REDEMPTION: Bo nd s a rc s u bj ec t to red e mpt ion at
t h e opti on o f the City, in direc t num e rical o r der o n any int erest
paym e nt dat e upo n payme n t of par a n d a cc ru ed in teres t .
SECUR I TY: T h e Bo n ds a r c p ayab l e so l e ly from spec i al
assessme nts t o b e l evied agains t th e prope rty within t h e Distri c t
s p ec iall y b e n e fite d by th e co n s truction and installation ol th e
improveme nt s , In additi o n, th e Char t e r of t he City and th e
o rd inance authorizing th e is s uan ce of Bo nds provide: "Wh enever a
Pub ! i c Imp r ovemen t District h~s paid and cancell e d four-fifth s
(4 /5 ) of its bonds o ut sta n cl ;n '), and for any r cason th e remainin g
asses sm e nts are n o t paid in tim e t o tak e u p th e final bond s of th e
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dis tri c t a n d in te r es t t h e re o n , t h e n th e City sha l l pay s aid bo n d s
whe n du e an d int e r e s t du e th e r e o n , an d r e i mb urs e i t s e l f by
col l ec ting th e un pa i d as s L1 s me nt s du e sa i d di st r i ct".
AUT HOR I ZAT I ON: An Or d in a n ce auth o ri zino t ne i ss u a n ce o f
th e Bonds wil l be co ns i d e r ed on f ir s t r e a ding b y th e Ci t y Co unc i l
0 11 Monday , Ma y 19 , 1986 , and on fin a l r e ad i n g , o n Mo n d ay , J u n e 2 ,
19 8 6 , an d wil l be i ss u ed i n acc o rda n ce wi t !, Sec ti o ns 107 and 1 10
o f t h e C ity Charte r .
PUR?OSC Of I SSU E: Th e Bo n ds h e r e i n o f fe r ed f o r sal
wi ll be i ss u ed fo r th e purpo s e o f p a y in g p a rt o f t h e cos t o f
co n s tr uct ing an d ins t a ]ling st r ee t pav i ng , cu r b a nd g ut t e r a n d
s i rl e wa l k impr oveme n ts , t oget he r wi th ne c essa ry in c i de ntals , o n
\·1•rtain s tre e ts within Pavi n g Di strict No . 31 in t he City .
TE RM S Of 5 AL E
BI D PROPO :.,A LS : Any bi d d e r i s r equ ire d t o s ubm i t an
u n co n d it i o n al a n d wr i t t e n bi d fo r th e e n t ire i ss u e , s p eci f yi ng th e
int e r vs t r at e or r a t e s and pre mi um, i f an y , at wh i ch t h e bidd e r
wil l pu r c ha se th e Bo n ds . No bid s wi ll b e c o n s id e r ed f o r l e s t h a n
par a n d a cc ru e d inte r est . A b i d fo rm s h al l be p r o v i d e d b y t he
C i ty a n d it is r eq u ested fo r i n f o rm ati o n a l purposes t h at e ac h bid
rli s c l ose th e t o t a l n e t i nt e r e s t cos t i n d o ll a r s a n d c e n t s and th e
ne t e (f ec tiv e int e r es t r at e . Ea c h bi d mu s t a l so b e in a seal ed
enve l o p e ad d r e s sed t o Mr. Ga r y R . Higb ee , Dire c t or o f Fi n a nce ,
C i t y o f Eng l e wood , 3400 So . El a t i S tree t , in Eng l e wood , Co l ora do
8011 0 .
BI D CHEC K: Ea c h b i d s h a ll be a ccompa n ied by a c as hi er 's
c h ec k o r a c e r t i f i e d c h eck of a b ank o r t r u s t c o mpa n y ma d e paya bl e
t n th e Ci t y o f Eng l e wood , Co l o r a do , i n th e am o un t of $10 ,000 , or
b y a cas h d epo sit i ,, a l ik e a mo u n t . S u c h c h ec k o r ca s h d e posit
will be h e l d as ev i de n ce of goo d f ai th p e n di ng t h e d e l ive ry o f t h e
Bo nds , wh i c h d e pos i t (c h ec k o r c as h ) s h a ll be p r o mp tly r et urn ed t o
a n y s u c h b i d d e r if th e bid i s not a cce p t e d .
TA X STATUS : I n t h e o p i ni o n o f bo n d c ou ns e l, und er
e xi s t i n g l a ws , r eg ul a t ion s , ru l i n g s a n j j ud i c i al d e ci s i o ns , t h e
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int e r s t on th e Bonds is e xempt from fede r al in come taxes u nde r
Se c i o n 10 3(a) of th e In ter n al Revenue Co d e o f 195 4, as a me n ded ,
and i s als o e x empt f r o m Co l orado in come t ax und e r e xist i ng l a ws o [
t he· S t at e o f Col or ad o . If , pr i or t o th e d e ! iv e ry of th e Bo n ds t o
th <' s u c cess ful bi d der t he r efor , th e in come re ce ived by pr iv a te
ho Id e , s of ob l i g a tio n s of th e sam e ty p e a nd c harac t er s ha ll be
t a x ab l e or shal l be r equired t o be u sed in any in come t ax
c o mp uta ti on by t he t e,~s of any fed e ral or Co l o rado l aw h e r eaf t er
ena c t ed , t h e s uccess ful bidde r , at hi s elec tio n ma y , pri o r to t he
Lc•nd e r by th e C ity of t he Bo nd s for deliv e ry , b e r e li eved of th e
Ph l igation und er th e contract to purchase th e Bo nds . I n such ca se
l hv con t ra c t t o pu r chase th e Bo nds will t e rmina t e , a nd the d e posit
~t·c,1mpanyi ng t h e purc h a s e r 's bid w ill be r e tur n ed to t h e p urchas e r
up o n written r e ques t t h e r efo r . Any s uc h o ptio n sh a ll b e e x erc i sed
b y a J e tt e r addr e ss e d t o t h e bo n d counse l her e ina f t e r J esi g n at ed
and depos it e d in the Unit ed States mails , as first cla ss mai l,
po s ta ge pr e paid .
H.R . 3838 : On Decembe r 17 , 198 5 , t h e U ,S , Ho u se of
Re p r ese n tati v es passed fl.R . 383" th e Tax Re form Act o f 198 5 (the
"Bill"). Th e Bill prese ntl y is p e ndi ng in th e Se n ate . The Bi ll
in it s pr e 5 e nt f o rm im poses additi o nal r en.u i rements wh i c h mu s t be
s Atisfi e d i n o r d e r fo r i n t e re s t o n obl i ga t ions issued by or on
!)c h a ! f of sta t es and l oca l gove rnments t o be ex e mpt from fede r al
inc o me t a x a ti o n . Such r eq ui re ment s g e n e ra lly ar e effec ti ve for
al l ob li ga tio n s i ss u ed a f t e r De cembe r 3 1 , 19 8 5 .
On Decer1b e r 17, 19 85 , t h e Ho u se a l so pas sed H. Re s . 335
expressi n g t he s e n se of th e Ho u se "t ha t th e c h a irma n a nd ran k ing
me mbe r of th e Ho u se Comm i ttee o n Ways a n d Me a n s ar e h ereby
in s truct e d , in co njun ctio n with t h e Secretary of th e Tr eas ury and
th e c h airma n and t h e ra nk ing membe r of the Se nat e Co mmitt ee o n
f in a nce , t o ma k e pu b li c n o t late r t h a n December 31, 1985 , an
agreed u p o n s t a t eme nt wh i c h wo ul d hav e the eff ec t of po stpo n i n g
t he e ffe=t ive date until J an uary 19B7, o f t hose .;e l ec t e d i tems of
tax r e f o rm th e d e l a y of wh i c h wou l d redu ce t he adv erse eco no mi c
effects which might o th erw ise b e caused b y th e un cer t ain t y a s t o
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t hL· da e o f fi na l enactment , whi l e still r ecog nizing t h e need f o r
bo rne r e troa c tive d a t es f o r ce r tain e,p iring provisio ns ." On March
1 4 , 1 986 , t he r e wa s r e l eased a J o int State me nt by th e cha i r man an d
ra nk1no membe r o f th e House Commi tt ee on Way s and Means , t he
chai r mc1n and ranking me mber of t h e Senate Co mmittee on F ina n ce ,
n rh 1 Lhc Sec r e t a ry o r th e Tr easur y on th C' Effec ti v e na t es o f
Pl"•nd ing Tax Re f o rm Legi slat i on (t he "J o int S tatem e nt"}. Fo r
cer t ain bo n ds t h e J oint S t atemen t e ndorses a p os tpo nem e nt u nt i 1
~i 'ptemh0 r 1, 19 86 (o r th e da t e o f e n ac tme nt of tax r e f o r m
l euislation , i f ea rli e r} of th e a pp l ica ti on o f certa in pr o v i s i o n s
.J nd re s t ri c ti ons r e lating t o tax -exempt h o nds c o ntai ned i n th e
ill I\. Tt i s th e opin i o n of b o nd c ounse l that t he f ede r a l tax-
exempt sla tus of th e i nt e r es t o n t he Bond s wo uld n o L b e a ffe c t ed
if Lil e Bi ll b e comes l a w w ith th e e [{ect i v<' dat es e n d orsed in th e
Jo int S t a t e me nt , b ut o th er wise in it $ f orm o n th e d a t e of issuance
of th e Bonds , exce pt th a t for taxable ye a r s b eginning af t e r 1987 ,
t he int e r es t o n th e Bo nd s c o u ld be i n c lu de d in a djust e d ne t gain
for purpos e s of t h e mini mum tax i mposed o n p r oper t y a nd ca s ualty
in sure r s un de r S ec t i o n 1023 of th e Bill .
SALE RESS RV AT IO NS : the Ci t y r ese r ves t he p riv i l ege :
(I) Of wa i vi ng an y ir r eg ularity or i n fo rma lity i n an y
\·,i d ;
(2 ) .[ r ej ect i n g a ny a n d a ll b i ds fo r t h e Bond s ; and
(3) Of r eo ff e r i n g th e Bo nd s f o r sale in any ma nn er
p e rmitt e d by l aw .
BA S IS OF AW ARD: Th e Bo nd s will b e awar ded to th e bidd e r
of(e rin g t o purchase all of th e Bo n ds at the lowest n e t effective
inte r est ra t e t o th e Ci t y . If th ere arc two (2) or mo r e equal
h i ds fo r t he Bo n ds , an d s uch equal b id s are th e best bid s
re ce iv ed , th e Ci t y will d e t e ~min e i n i ts compl e t e d isc r e ti o n wh i ch
bid w il l be accepted .
TIM E OF AWARD : Th e City will have bids ope n ed at t h ,,
time h e r e inabove specified . An anno un ceme nt of th e b es t bi d will
b e mad e imme diately f o llowing the b i d ope ning . The Ci ty int e n ds
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t o tak e a c ti o n t o awar d the b es t bid by r eso luti o n of th e City
Cou n c il at a mee ting t o b e h e l d o n May 19, 19 86 .
MANNER AND TIM E OF DELIVE RY : Th e d epns it f r om th e b e s t
bidde r wil l b e c red ited t o t h e pu r cha se at th e time of d e liv e ry o f
th e Bo nds (witho ut a cc ruing in terest ), I[ th e successful bidd er
f o r th e B nds f ail s or n eg l ec t s t o c omp l e t e th e purch ase o f t h e
Bo nd s wi thin te n 110) day s n e xt a f ter th e Bords are mad e r e ady an d
arc t e n de r ed by th e C ity f o r d e livery, th e a n;n •Jnt of th is deposi t
w ill b e f o r(ei t ed (as liqui dated d amag es fo r n o n complia nc e wi t h
t he bi d ) t o the C ity , excep t a s h e r ei n af t er pro v id e d, It is
a nti cipated th at deliv e ry of th e Bo n ds will b e o n or a bout J u ly 7,
l ~I\(,.
PAY MENT AT AND PLA CE OF DELIVERY: Th e suc ce ssful b idder
0 1· bid de r s "'ill b e r eq uired t o a cce pt de l iv e r y o f, a n d to ma k e
payme nt of th e b ala n ce due f or , th e Bo n d s:
I ll At some bank or tru s t c o mpany in De n ver , Colorado~
or
(2 ) At the s u ccess fu l bidd e r's requ e s t and expe n se , in
e it h e r Ne w Yo r k C ity or Chicag o .
Paym e n t of th e ba l a n ce of t h e pu r ch ase price d u e at de li v ery must
h 0 mad e in fed e ra l fu nd s o r ot h e r f unds acc e ptabl e t o the City an d
t o t h e bank o r trust comp a ny d es i g n ated a s th e place o f d e li ve r y
t o r i mmed i ate a n d un c o n di tio nal cre dit t o th e Ci ty, o r as dire cted
hy th e Ci t y . Th e b ala nce of tl.e pur c h ase pri ce , inc lu d ing an y
pr e~i um , must b e paid in s uch funds and n ot by ca n ce llation of any
int e r es t , n o r by a ny waiver of in teres t, n o r by a ny other
conc ~ss i on as a s u bstit uti o n f e r s uch f und s.
CUS I P NUt1B ERS : I t i s n ot antic i pated th a t CUSIP
i de ntif i cation nu m~e rs will b e print ed on th e Bo nds .
LE GAL OPINION , BONDS AN D TRA NSCR I PT: The l ega l i t y of
t h e bond i ssue will b e approve d b y th e f irm of La mm Ed s tron &
Brayme r , P,C ., 60 0 17th Street , Su ite 2500 Soot h Tow e r , Demer ,
Colorado 80202 , who se unqu a lifi e d approving opi nion, to ge ther
with th e printed bond s , a certifi e d t ra n sc ri p t ~£ t he proc eed ings ,
in c luding a c e r t ifi ca t e s tating th at th e re i s n o litig a ti on
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pending affecting the v alidity o f the Bo n ds a s of the date of
th e i r de l ive ry , and o th e r cl o sing d oc um e nts , will be furnish e d t o
th e purc ha se r. A ce rtified tru e copy of the approving opinion of
hnncl coun se l for th e issue will be printed o n eac h bond thereof at
l h,~ City's expe n se . Bo nd c o uns e l's appr ov ing opinion will recit e ,
in co nv e nti onal form, th at J:>,-n d c o un se l h as ex a min ed th e
cons t it ution an d Jaw s o f th e Sta t e of Colorado , th e Ho me Rul e
Cha rt e r of th e City , an d a c e rtified copy of lhe r eco r d of th e
pr oceed in s o[ th e City Co un c i I tak e n pr e l im in ar y t o an d in th e
i ssuance of th e Bo nds and th at bo nd coun se l h as foun d th e same
p r ope rly exec ut ed a nd in due l ega l f o rm. The o pin i o n will express
a n unqua li fied o pini o n a s t o l e gality , as t o tax e x empt i o n of
int e r es t a nd a s t o th e s ec urity co nsiste nt with the provi s i ons of
th pa r ag raph of this n o tice e ntitl ed "Sec urit y ".
Th e matte r s passed u pon by bo n d c o un se l do not e xt e n d
beyo n d thos e men ti o n e d in th e pr ecedin g parag raph . Th e o p inion
will state th at bo nd couns e l ha s not indepe n de ntl y i n vesti g ated or
ve r ified th e a de qua c y a n d a c curacy o f th e information contained in
th e Official S t a t eme n t , Prospectus , Offering Circu lar or other
sim ila r d oc um e nt s , i f a ny, a nd th e refor a ss umes no r espo nsibility
f o r the a cc ura cy , comp l eteness or fairn ess of any s tat eme n ts ma de
in c o nn ec tio n with any purchase o r sa l of an y o f th e Bo n ds .
INFORM AT ION : Thi s Offic i al No tic e of Bo nd S a l e, and
l inan c ial and o th e r in fo rmation co n cerni n g th e Distri c t and the
bonds may be obtained from Ha nif e n, Imh off In c ., 11 25 17t h Stree t ,
Suite 1600, De nver , Colorado 80202, or Gary R. Hi gbe e , Director
o f Finance , City o f En g l e woo d , Colorado , 3400 So . Elati St r eet ,
De n ver , Co l orado 8011 0 .
By order of t h e Cit y Counci l of th e C ity of Engle wood ,
Co l o rad o , thi s 7th day o f Apr i l , 19 8 6.
( S E A L ) /s/ Gary R . Hig b ee
Direc t or of Finance
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SUMMARY NOTICE Of BOND SALf.
S325,000
CITY Of ENGLEWOOD , COLORADO
SPEC IA L AS SESSMENT BON DS , PAVING DI S TRICT NO. 31
Sea le d bids will be received at th e office of th e
Di r ec tor of finan ce of th e City of Engl e wood, Co l o rado , 3400 So.
Elat i St., in Engl e woo d, Colorado 80110.
Sale Dat e :
Time:
Bond s Dated :
Ma turity:
Legal Opini on :
Mo n day , Ma y 19, 1986
2:00 P.M. l ocal time
June 1, 1986
Au gust 1, 19 97
Lamm Edstr om & Brayme r, P.C.
De nver , Col o rad o
f o r copies of th e officia l No t i ce of Sale and Official
Stateme nt of th e City, pleas e contact the financial Cons ultant of
th e City, Hanifen, Imhoff Inc., 1125 17t h St ,eet, Suite 1600,
Denve r, Colorado 80202, o r the Director o f finance of the City,
3400 So. Elati , Englewood, Col o rad o 80110.
Dat ed a s of Apri 1 7, 1986.
Gary R . Higb ee
Direc tor of finance
Engl e wo od , Co l orado
3. finan c ial Consultant. In ad dition t o th e
publication of th e noti ce nf sale, the Dire ctor o f finan ce and th e
financia l Co n sult n nt ar e au :horized to f o rward a copy of th e
Prospectus and n o tice of sal e t o tho se inv estment banking firm s ,
banks an cl o th e rs wh o mi g ht be Inter es ted i,-, bidding on bonds of
th e City . The prior action of the City Coun c il in designating
ll ani fen, Imhoff Inc ., Denv e r, Colorad o , as fin a ncial Co nsultant to
the City , is h ereby ratified and approved; an d that th e fe e paid
or t o be p ai d t o suc h firm is fair an d re aso nable compensat i o n for
se rv i ces in acting as Financial Consultant. Hanif en, Imhoff In c .,
m ,y either alon e or with others, subm it a bid for the purcha se of
th e b o n rls , an d in such event, th e fee p a i d or to ue paid for
finan c ial advisory services shall n ot b e d eemed a disc o unt f or
p111 pos e s of th e par sale require me n t.
4. Severab ility . That if any one or mo re sect i o n s or
parts of this Resolution sha ll be adjudg ed unenfo rc eab le or
invalid, such j u dgment shall not aff ect , im pa ir o r invalidate the
r emaini n g provisions o f thi s Resolution, it b-,ing the inte ntion
that th e various provisions h e r eof ar e sever abl e.
ADOPTED AND APPROVED This 7th day of Apri l , 1986.
( S E A L )
,,,,
I. -• < r •//;"tr • '>
May o r
ATTESTED:
(
Director of Fin unlZe
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I
I
I
S !'/\'IT 0 1-' COLOR/\DO
CO I INTY Of' /\R/\P/\H Oc
C IT\' OF f;NGLEI-.DOD
J , Pat Cr o w , C ity Cle rk o f the Cit\• o f Engle wood ,
C,Jl c,i-ad o , rl0 hl:!rehy certi(y t trnl th e f o reao inq paqes numbered 2 4
q 36 , in c l u s iv e , con s titute a true and co rr e c t copy of a p i rti o n
rd th t.: 1·P co rd o f p r oc eed i nqs o f th e Ci ty C0 u11 c i l o f th e City o f
f-'rv 1 Je wood , Co l o rado , taken al a r eq ul ar mc1..•tin11 of th City
Cn u nc il o n Mo nrlay , Ap ri l 7 , 1986 , in so fa r as sairl proceedi nq!=i
rt •lalt:" t o the fi nal pa ssa(Je of Or cti n a nr::e No . /J_, Se r i es o f 1986 ,
1·tl nc e rnino th e C"'"e J t i on o f Pa v inq Di s tri c t No . 3 1, a nd a
H,•sn l uti o n con c L nino the No tic e o f Sa l e of b onds f o r the
l)j S t r i Ct . The Or d in ance ho s he e n numb ererl a nrl r eco rd ed in the
r c,c n r rls o f t l1e Ci t y , a nd au t h e nti ca ted hy th e s i g natur e s o f th e
Ma yrJr , a s pre s i de nt o f f i ce r o( th e Cou nci l, the Dire c t o r of
Finan ce o f the City , and duly sea l ed with th e c o rnorate seal of
t hP City , The Reso l ut ion ha s b ee n siqned by th e Mayo r and th e
Di rt:c t o r o f Fina nc~, sea l ed with the co rpo rate s e a l of the City,
~11<1 r ec o rd e rl in th e official r e co rd s of th e City.
J N WI Nf.SS l·IM ER .,o r, J h ave h e r e u n t o s ub scr i bed my name
dlL<I a ffix e cl th e c o rpor a t e se al o f the rity , at Engle wood,
t'n l o r ado , this?/h day o f Anri l, 1 986 ,
( S E A L )
, City Cl er k
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