HomeMy WebLinkAbout1975 Resolution No. 010•
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RESOLUTION NO • J1i. , SERIES OF 197 5
A RES OT.UTIO N ESTA8T.J0111NG TNTERF.ST RATES FOR BOND SALE ON SEWER
REVENUE BONDS.
WHEREAS, the City Council has, by an ordinance intro-
duced and passed on first reading on January 20, 1975, authorized
the issuance of its Sewer Revenue Bonds, Series 1975, in the
principal amount of $1,550,000, for the purpose of extending and
improving the muni c ipal sanitary sewer system of the City; and
WHEREAS, Section 2 of the Ordinance provides that the
specific interest rates shall be determined by Resolution of the
City Co uncil rollowing the award of the bonds to the best bidder
on January 27, 1975; and
WHEREA S, the bonds have been advertised for sale, and
the City Council has awarded the purchase of the bonds to E. F.
Hutton and Company, Inc.; and
WHEREAS, the City Council has now determined to establish
the specific interest rates for the Sewer Revenue Bonds, Series
1975, dated March 1, 1975.
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF
ENGLEWOOD, COLORADO:
1. That the Sewer Revenue Bonds, Series 1975, dated
March 1, 1975 shall bear interest at the following rates:
Amount Maturity Interest Rates
$ 65,000 1976 6.00%
70,000 1977 6.00%
75,000 1978 6.00%
75,000 1979 6.00%
80,000 1980 6.00%
$ 85,000 1981 5.625%
'Vi, nnn 1 I')~=' '7.f.?5%
100 ,000 198J 5.625%
105,000 1984 5.625%
115,000 1985 5.625%
$120,000 1986 5.90%
lJ0,000 1987 5.90%
1J5,000 1988 6.00%
145,000 1989 6.15%
155,000 1990 6.JO%
2. That all prior action of the City Council relating
to the authorization and sale or its Sewer Revenue Bonds, Series
1975, is hereby ratified, approved and confirmed.
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I\ n (l r T .,.~ n I\ N f) I\ r r H n v .. ~ I I I. h ' II 1 r ,, I 111 y n ,. Ji' ,.. h r II n r y , 1 ') 7 ~ •
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ATTEST:
I, Karl Nollenberger, ex officio City Clerk-Treasurer
of the City of Englewood, State of Colorado, hereby certify that
the above is a true, accurate and complete copy of Resolution
No . /.Q. , Se ries or 1975 •
k,;_ l f ~ 0 cG .._G "lL
ex officio City1JClerx-Treasurer