HomeMy WebLinkAbout1980 Resolution No. 050..
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lllSOLO'l'IOH ~ SERIES OF 1980
A aaaurtICJll MTIPYIIO CBRrADI M:TICll BBRE'J.WORE
TU• S AU'ftl)RII Im '1'llB BIBCU'l'lal AR> DELIVERY BY
'l'D Clft 0. All AJllRDllDl' '1'0 PDIAllCIIG 1.GRBIMBN't1
AllD RBPBALIHG AC'l'IOR llBRB'l'OPORB TUER IH CON-
FLICT IBRDfl'l'B.
WBBRBAS, tbe City of Bnglewood, in tbe County of Arapahoe
and State of COlor.SO (tbe •city•), ia a leplly and regularly creat-
~, .. tabliabed, organised and exiating -..icipal corporation under
the proviaiona of Article XX of tbe Conatitution of tbe State ·of
Colorado and tbe Cbarter of tbe City1 and
WBBaBAB, tbe City baa beretof ore iaaued and delivered its
City of Inglewood, Colorado Boapital Revenue Bonda (Tbe Swedish
Medical Center Project), Seri .. 1978 (tbe •Bonda•) under the author-
ity of tbe County and Municipality Develop118Dt Revenue Bond Act,
Article 3, Title 29 of Colorado Revi .. d Statute• 1973, .. amended1
and
WBBRBAS, tbe proceeda of tbe Bonda were loaned ·by tbe City
to Tb• Svedi•b lledical Center, a COlorlldo nonprofit corpocation ( tbe
"Hospital•), purauant to tb9 Financing Agre_.t dated u of May 15,
1978 (the •rtnmcing Jlr•••t•) betve• tbe City and tbe Hospital to
refinance certain outatanding obligationa of tbe Boapital1 and
WHEREAS, tbe City and tbe Hospital desire to amend tbe
Financing Agre .. ent1 and
WBBRBAS, there bu been preaented to the City Council the
proposed for• of A•end•ent to Financing Agreement dated as of
October 1, 1980 (tbe •AaendMnt to Financing Agrement•) between the
City and tbe Boapital.
NOW, 'l'BBREFORE, BB IT RESOLVED Br THI CITY COUNCIL OF 'l'HE
CITY OF ENGLEWOOD, COLORADO:
Section 1. All action (not inconsistent with the provi-
sions of this reaolution) heretofore taken by tbe City COUncil and
the officers of tbe City directed toward tbe i .. uance and sale of the
Bonds be and the aame hereby is ratified, approved and conf iraed.
Section 2. The fom, teaaa and proviaiona ·of tbe Amendment
to Financing Agre .. ent be and tbey hereby are approved and tbe City
shall enter into the Amendment to Financing Agre .. ent in the form of
such docwaent presented to tbe City Council of tbe City at the meet-
ing at which this resolution is adopted, wicb such changes therein as
are not inconsistent herewith1 and the Mayor is hereby authorized and
directed to execute and deliver the Amendment to Financing Agreement
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and the City Clerk i• hereby authorized and directed to affix the
City seal to and to attest the Amendment to Financing Agreement.
Section 3. All orders, bylava, ordinances and resolutions
or parts thereof, in conflict vitb this resolution are hereby
r opoalecl. Thia repealer alMlll not be conatrued to revive any order,
bylaw, ordinance or resolution, or part thereof, heretofore
repealed.
Section 4. If any aection, par-.irapb, clause or provision
of this reaolution shall for any reaeon be held to be invalid or
unenforceable, the invalidity or unenforceability of such section,
para9rapb, clau• or proviaion aball not affect any of tbe remaining
proviaions of this resolution.
section 5. Thia resolution shall take effect iamec:liately
upon ita introduction and paaaa9e.
IRTRODUCED, RBAD, PASSBD ARD ADOPTED tbis 3rd of
November , 1980.
~rt:~ , Jlayor
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