HomeMy WebLinkAbout1978 Resolution No. 033••
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33 RESOLUTION NO. , SERIES OF 1978.
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A RESOLUTION SETTING FORTH THE CITY OF ENGLEWOOD'S INTENT
TO ISSUE HOSPITAL REVENUE BONDS TO REFINANCE CERTAIN OUT-
STANDING OBLIGATIONS OP THE SWEDISH MEDICAL CENTER.
WBBRBAS, repreaentativea of The Swedish Medical
Center (the •eoapital•) have met with officials of the City
of Englewood, Colorado (the •city•) and have advised the City
of the Hospital'• intereat in · having the City issue hospital
revenue bond• purauant to the Colorado County and Municipality
Development Revenue Bond Act conatituting Article 3, Title 29,
Colorado Reviaed Statute• 1973, a• amended (the •Act•) to
refinance certain obli9ations previously incurred by the
Boapital for the providing of certain health care facilities;
and
WHEREAS, the City Council has considered the Hospital's
requeat and ha• concluded that the issuance of such bonds for
auch prupo .. will allow the hoapital to provide more adequate
hoapital care and will promote the public health and welfare
of the citiaena of the City and desires to indicate its intent
to proceed with auch refinancing •
NOW, TBBRBPORB, BE IT RESOLVED BY THE CITY COUNCIL
OP TBB CITY OP BllGLBWOOD, COLORADO as follows:
1. In order to induce the Hospital to refinance
certain of it• obligation• which were previously incurred by
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the Boapital for the providing of certain health care facilities,
it i• the City Council'• intent to take all necessary or
adviaable •t•P• to effect the isauance of hospital revenue
bonds purauant to the Act in the maximum aggregate principal
amount of $10,000,000 or such lesser amount as shall be
deterained and agreed upon by the Hospital and the City.
2. Ho costs or expen•e• shall be borne by the City
in connection with the iaauance of the hospital revenue bonds,
the preparation of any document• relating thereto or any
199al or financial conaultant• retained in connection therewith.
3. Prior to any execution of a financing agreement,
bond purchaae a9r .... nt, mortgage and indenture of trust or
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any other neceaaary documents and agreements in connection
with auch refinancing and bonds, such documents and/or
agreement• shall be subject to authorization by ordinance
of the City pursuant to law.
ADOPTBD AMO APPROVED this 17thday of April, 1978.
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AT'l'EST1
::::--~erk-Treaeu;er
I, Willi .. D. Jamea, ex officio City Clerk-Treasurer
of the City of Bn9lewood, Colorado, do hereby certify that the
above and fore9oin9 ia a true, accurate and complete copy of
Reaolution Mo. ~l_, Serie• of 1978 •
-~~k-Treasurer
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