HomeMy WebLinkAbout1975 Resolution No. 016•
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R E S 0 L U T I 0 N ../J:.~11' f .. ~·
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WHEREAS, the City of En g l ewood, Arapahoe County, Colo-
rado (herein the "City") , by Ordinance No. t / , finally
adopted and approved on March 3, 1975, has provided for the
issuance of its General Obligation Refunding Water Bonds,
Ser i es 1975, in the principal amount of $4,100,000, dated
Apri l 1, 1975, and by said Ordinance provided that the inter-
est rate or rates on said Refunding Water Bonds would be
fix e d by a resolution of the City Council after public sale
of said bonds; and . .. . ..
WHEREAS, the date of sale of said bonds being March 3,
19 75 , sa id sale ha s been held, in accordance with said Or-
dinance No . fl ; and '
WHEREAS, it is necessary and proper that the Council
fix the interest rates to be borne by said Refunding Water
Bonds ;
NOW , THEREFORE, BF. IT RF.SOLVED BY THE CITY COUNCIL OF
TH E CITY OF EN~LEWOOD:
Sect ion 1 .. That the in t erest rates on City of Engle-
wood Ge neral Obligation Refunding Water Bonds, Series 1975,
d ated Ap ri l 1, 1975, in the principal amount of $4,100,000,
sha ll b e as f olloxs:
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Amount Matur i ty ----
$310,000 1975
3 70.000 1976
4 00,000 1 9 77
410,000 1978
42 0,000 1979
43 5,0 0 0 1980
4 6 0,0 0 0 1981
475,000 1982
500,00 0 198 3
3~0,000 1984
~P c-ti.on 2. Th:tt t h e bid of
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Interest Rate
S.301. s. 30'1.
5.301.
5.301.
5.301.
5.3041
5.307.
5.301.
5.301.
5.301.
:·1· r 1111 .t; 11 ~ Rnn •t ~. S rrir u
,>r i n c i p a l amount of
Lh c:• City Council a s th e
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be s t bi(: ( 0r s :t i <1 hond ::. i.n th <' :imount of par, accrued in-
tcrc•s t and a prc-mium of
Section 3. That th~ Ci t y o f ficials of the City of
Englewood, County o f Arapahoe and State of Colorado, be and
they are hereby directed to take such steps as may be neces-
f:~:-'; lnd desfr .•bl e to issue said Refunding Bonds, as authorized in
s at ·~ Orrllnance No . -I/--finally adopted and approved on
.:h 3, 1975.
RESOLUTI ON ADOrTED AND APPROVED This 3rd day of March,
197 5 .
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( S E A L )
ATTEST:
t.rc •c-t \'l r of Finance,
ex-officio City Clerk
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Hayer
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