HomeMy WebLinkAbout1983 Resolution No. 0451 JI
RESOLUTION NO, __ 45_ SERIES OF 1983
A RESOLUTION SETTING FORTH THE INTEREBT RATES ON THE GENERAL
OBLIGATION BONDS OF THE CITY, DATED UCTOBER 1, 1983, IN THE
PRINCIPAL AMOUNT OF $4,600,000,
WHEREAS, the City Counci!..tff the City of Englewo od ,
Colorado, has, by Resolution No. ~• passed and adopted on
August 15, 1983, awarded the purchase of General Obligation Uonds
of the City, dated October 1, 1983, (the "Bonds ") in the principal
amount of $4,600,000, to United Bank of Denver, in accordance with
their proposal dated Augu s t 15, 1983; a nd
WHEREAS, by Council Bill ~o. 47, int.oduced, read in
full and pa ss ed on first reading o n Augus • 15, 1983, and con-
sid ered on final r ead i ng at this meeting on Se pte mber 6, 198 3 , the
Ci t y Council 11.Js nuthoriz e d the issuance of said Bond s , having a
net r,, ... , iv e interest ra t e o f 9 .5 7461 per a n nu m, for the purpos e
111 1 :1 tJ l and a nd cons tructi ng and e quipp i 11q ,1 com muni ty
1 J I t.:lat,·cl ;,ppurtena nces, for the City; crncl
WIIJ:Hl:.A:;, it i s necessa ry to confi rm LI IL' i11tL't:'-.::;L r.:.1Lt;:;
subm itted by t he bes t bidder for the purchase of th e Bonds:
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF
ENGLEWO OD , CO LOR ADO :
Sec ti<'n 1. Interest Rates. The Bonds shall bear
inter est paya ble se miannually on each lune 1 and December 1,
commencing on June 1 , 19 84, and shall mature on December 1 each
year, as follows :
Maturity
12/1/1985
12/1/1986
12/1/19.87
12/1/1988
12/1/1989
12/1/1990
12/1/1991
12/1/1992
12/1/1993
12/1/1994
12 ,'1/199 5
12/1/1996
12/1/1997
12/1/1998
12/1/1999
12/1/2000
12 /1/2001
12/1/2002
Amount
$105,000
115,000
125,000
135,000
150,000
$165,000
180,000
200,000
215,000
240,000
$260,000
290,000
315,000
345,000
380,000
$420,000
460,000
500,000
Interest Rate
11.00,
11.00,
10.501
10.25\
10,251
8.751
8.501
8,70%
8 ,9QI
9,101
~-251
9.40%
9.50%
9 ,60\
9,701
9.801
9.85%
9 ,751
Se ct i.on 2 . Ra t i fi.,a tion of P ri or Ac t i on. Th a t th e
p rior a c t i on c,f the City Counc .ll in awarding the contr act for the
p u r chosc• of Lil e ao nd s to the p 1.Jr c h ase r t hereof, i s her e by r;itif ied
., I !'UVPd '
,;l : C t i Ull ) • Severabi 1 i ty. 'f h a.t i [ c1 11y o n e o r mo rt·
. c l 11;11 -:; ur fJi1 r L•, uf thi s He ~;o lu tion sha ll b e .:Hl judye<I t,n v n f u r \..·t:·
able or invalid, such judgment shall not affect, impair or invali-
date th e remai ning provisions of this Resolution, it being the
intention that the various provisions hereof are severable,
ADOPTED AND APPROVED This 6th day of September, 1983,
( S E A L )
ATTEST :
I, Gary R, Hig bee, Director of Finance -ex-officio City
Clerk -Treasurer of the City of Englewood, Colorado hereby certify
th a t t he above and foregoing is a true, accur a te and complete copy
of Resolution No . _4_5 _, Series of 1983 ,
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