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HomeMy WebLinkAbout1962-08-20 (Regular) Meeting MinutesREGULAR MEETING: COUNCIL CHAMBERS CITY OF ENGLEWOOD, COLORADO AUGUST 20, 1962 The City Council of the City of Englewood, Arapahoe County, Colorado, met in regular session on Monday, August 20, 1962 in the Council Chambers, City Hall, Englewood, at the hour of 8:00 P.M. Mayor Pro Tern Woods presiding called the meeting to order and the invocation was given by Councilman Parker. The Mayor Pro Tern asked for roll call. Upon the call of the roll, the following persons were present: Councilmen: Braun, Love, Parker, S mukler, Woods. Also Present: City Manager Dial, City Attorney Esch, Deputy City Clerk Barron. Absent: Councilmen Miles, Brownewell. The Mayor Pro Tern declared a quorum present. 622-39 REGARDING POSSIBLE ANNEXATION OF CENTENNIAL ACRES Mr. E. L. Post, 3321 West Chenango, and Mr. Robert Whitcomb, 3355 West Chenango, asked the Council for a statement regarding annexation of Centennial Acres to the City of Englewood. COUNCI~ BRAUN MOVED, COUNCI~ SMUKLER SECONDED, THAT THE CITY COUNCIL ADVISE THE RESIDENTS OF THE AREA LYING NORTH OF WEST BELLEVIEW AVENUE AND WEST OF SOUTH FEDERAL BOULEVARD THAT THE CITY COUNCIL WHOLEHEARTEDLY WELCOMB$HE PETITIONING OF THIS AREA FOR ANNEXATION TO ENGLEWOOD, AND ADVISE THEM .THAT ANNEXATION TO ENGLEWOOD WILL NOT ALTER OR CHANGE THEIR SCHOOL DISTRICT BOUNDARY LI?£ S, AND THAT THE CITY CLERK MAKE AVAILABLE COPIES OF THIS MOTION TO THE RESIDENTS OF THIS AREA. Upon the call of the roll, the vote resulted as follows: Ayes: Councilmen Braun, Love, Parker, Smukler, Woods. Nays: None. Absent: Councilmen Miles, Brownewell. The Mayor Pro Tern declared the motion carried. 622-15 FRANCHISE CHECK FROM PUBLIC SERVICE COMPANY Mr. Harold Rust, District Manager for the Public Service Company, presented a check for franchise tax for the first six months of 1962, in the amount of $18,248.32. The Mayor Pro Tern thanked Mr. Rust for his appearance before the Council and the franchise check. 621-42 PUBLIC HEARING ON SCENIC VIEW SANITARY SEWER DISTRICT COUNCIIMAN LOVE MOVED, COUNCILMAN BRAUN SECONDED, THAT THE PUBLIC HEARING ON THE SCENIC VIEW SANITARY SEWER DISTRICT BE REMOVED FROM -THE TABLE. Upon the call of the roll, the vote resulted as follows: Ayes: Councilmen Braun, Love, Parker, Smukler, Woods. Nays: None. Absent: Councilmen Miles, Brownewell. The Mayor Pro Tern declared the motion carried. Mr. Robert Kirchner of Kirchner and Company discussed the method of assessment. Mr. R. c. Reynolds owner of about three and one-half acres of land in the Scenic View area thought the assessment would be too hiqh. Mrs. Stanley, Messrs. Mock, Kelly and Downey stated that they wanted to 90 ahead with the sewer district. The Mayor Pro Tern asked for a show of hands of those favorinq the district. there were eleven. Those against, one. ., j ··' ~·· "' 1~· 'I !• .. I. . '·:._ -· I I I I I '\ Minutes of August 20, 1962 COUNCILMAN SMUKLER MOVED, COUNCILMAN BRAUN SECONDED, THAT THE PUBLIC HEARING BE CLOSED. Upon the call of the roll, the vote resulted as follows: Ayes: Councilmen Braun, Love, Parker, Smukler, Woods. Nays: None. Absent: Councilmen Miles, Brownewell. The Mayor Pro Tem declared the motion carried. Thereupon Councilman Bran introduced and there was read in full the follow- ng Bill for an Ordinance: A BILL FOR AN ORDINANCE CREATING AN IMPROVEMENT DISTRICT IN THE CITY OF ENGLEWOOD, COLORADO, TO BE KNOWN AS SCENIC VIEW SANITARY SEWER DISTRICT; ORDERING THE CONSTRUCTION THEREIN OF SEWERAGE IMPROVEMENTS; PROVIDING FOR THE ISSUANCE OF BONDS OF THE DISTRICT IN PAYMENT FOR SAID IMPROVEMENTS; PROVIDING FOR NOTICE TO CONTRACTORS AND TO BIDDERS FOR SPECIAL IMPROVBMBST DISTRICT BONDS OF SAID CITY; AND DECLARING AN EMERGENCY. WHEREAS, the City Council of Englewood, Colorado, pursuant to the Charter and Ordinance No. 8, Series 1959, as amended, of said City and the laws of the State of Colorado, hereby finds and determines that there exists a necessity for the creation of Scenic View Sanitary Sewer District, in said City, and the construction therein of certain sewerage improvements; and WHEREAS, the City Council has heretofore directed the City Engineer to prepare plans, specifications, maps and schedules in accordance with said laws; and WHEREAS, the City Engineer has made his report in the premises and has filed with the Clerk of said City all the maps and certificates of his survey, as well as schdules, plans, specifications, approximations of cost, and all other matters and things in complete form and substance as by law required: and WHEREAS, the said report so made and filed, together with details, speci- fications, estimates, maps and schedules, are hereby approved and adopted by said City Council: and WHEREAS, the City Council directed the City Clerk to publish in the Englewood Herald and Enterprise, a newspaper of general circulation in said City, Notice of a proposition to create said District, and that on August 6, 1962, at 8:00 o'clock P.M., all complaints and objections that might be made in writing concerning the proposed improvements by the owner or owners of any real estate to be assessed, or any person or persons interested generally, would be heard and determined by the City Council of said City of Englewood, before final action of said Council thereon, and that after the determination of all complaints and objections was made, said City Council would take up and consider an ordinance creating said District and ordering the proposed improvements: and WHEREAS, the City Clerk, by advertisement for a period of more than fifteen (15) days prior to the said 6th day of August, 1962, gave notice in form and substance of the matters and things above-mentioned as ordered to be given, in all respects in accordance with law and said order; and WHEREAS, the City Clerk has mailed to each known owner of real property to be assessed with the cost of said improvements a Notice of Intention to create said District, as provided by the Resolution adopted by the City Council on July 2, 1962: and WHEREAS, at the time and place specified in said Notice, the City Council met in open session for the purpose of hearing any objections or protests that might be made against said improvements: and WHEREAS, certain written objections were filed and certain oral inquiries and objections were made at said meeting; and WHEREAS, all object i ons were duly considered and were by the Council over- ruled and denied: and WHEREAS, the City Council hereby finds and determines that a general public benefit will accrue to the City from the proposed improvements; BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF ENGLEWOOD, COLORADO: Section 1. Said Scenic View Sanitary Sewer District is hereby created and said improvements, consisting of sanitary sewers and appurtenances, are duly oeqered after Notice duly given and Hearing duly held, all as required by law, in the following areas: Minutes of August 20, 1962 A. All of the South one-half (S~) of the Northwest quarter (NW~) of Section 28, Township 4 South (T4S) Range 68 West (R68W) 6th PM, excepting the following described properties: Lots 9 , 10 and 11, Block 92, Sheridan Heights Lots 46, 47 and 48, Block 92, Sheridan Heights Lots 1 and 2, Block 7, Alta Vista Lots 22, 23 and 24, Block 77, Sheridan Heights All of vacated Blocks 90 and 91, Sheridan Heights All of Block 79, Sheridan Heights B. All of the Southwest quarter (SW~) Section 28, Township 4 South (T4S) Range 68 West (R68W) 6th P.M., excepting the following described properties: The South one hundred and thirty-three feet (S 133') of Lots 18 and 19, Block l, Southlawn Gardens Annex Lot 21, Block 2 Southlawn Gardens Annex Lot 22, Block 2, Southlawn Gardens Annex Lots 6 and 7, Block 3, Southlawn Gardens Annex Lots 11 and 12, Block 3, Southlawn Gardens Annex c. All of the Northwest quarter (NW~)·of the Northwest quarter (NW\) Section 33, Township 4 South (T4S) Range 68 West (R68W) 6th P.M., excepting the following described properties: Beginning at a point on the south line thirty feet East (30'E) of the southwest corner of the Northwest quarter (NW~) of the Northwest quarter (NW~) of Section 33, Township 4 . South (T4S) Range 68 West (R68W): thence North parallel with the west line of said Northwest quarter (NW\) of the Northwest quarter (NW\), a distance of two hundred and thirty feet (230'): thence Easterly parallel to the South line of said Northwest quarter (NW~) of the Northwest quarter (NW~) a distance of one hundred seventy-eight feet (178'): thence southerly parallel to the west line of said Northwest quarter (NW~) of the North- west quarter (NW\) a distance of two hundred thirty feet (230'); thence West along the south line of said Northwest quarter (NW\) of the Northwest quarter (NW\) a distance of one hundred seventy- eight feet (178') to the point of beginning. Commencing at the Southwest corner of the Northwest quarter (NW\) of the Northwest quarter (NW~): thence Northerly along the west line of the said Northwest quarter (NW~) of the Northwest quarter (NW~) a distance of two hundred thirty feet (230'); thence on an angle to the right of 89 degrees 53 minutes 30 seconds (89°53'30") and along a line parallel to the south line of the said Northwest quarter (NW.) of the Northwest quarter (NW~) a distance of thirty feet (30') to the true point of beginning~ thence continuing along aforesaid mentioned course a distance of three hundred twenty feet (320'): thence on an angle to the left of 89 degrees 53 minutes 30 seconds (89° 53' 30") and along the line parallel to the West line of the said Northwest quarter (NW\) of the Northwest quarter (NW~)a distance of three hundred forty feet (340'): thence on an angle to the left of 90 degrees 06 minutes 30 seconds (90°:06' 30") and along the line parallel to the south line of the said Northwest quarter (NW.) of the Northwest quarter (NW~) a distance of three hundred twenty feet (320').to a point thirty (30') East of the said West line of the Northwest quarter (NW.) of the Northwest quarter (NW.)1 thence southerly on a line parallel and thirty feet (30') East of the said west line of the Northwest quarter (NW.) of the Northwest quarter (NW\) a distance of three hundred forty feet (340'), more of less to the true point of beginning. D. The Northeast quarter (N~) of the Northwest quarter (NW\) of Section 33, Township 4 South, Range 68 West (R68W) of the Sixth Principal Meridian, except that part lying east of the west right-of-way line of the C&S Railroad. E. All of Vista Heights Second Filing according to the recorded plat thereof excepting the following described properties: All of Lots 1 and 10, Block 3 All of Lots 1 and 2, Block 5 F. All of that part of the Northwest quarter (NW ~) of the Southwest quarter(SW\) of Section 33, Township 4 South (T4S) Range 68 West (R68W) of the Sixth Principal Meridian, lying west of the west right-of-way line of the C&S Railroad. Section 2. Said District shall be known as and the same is hereby designated "Scenic View Sanitary Sewer District", Englewood, Colorado. • ' . ,,;·1. I I I ,.-.. :I I I 11 _, Minutes of August 20, 1962 Section 3. The construction of said sewerage improvements in and for said District, as shown by the plans, specifications and maps thereof, prepared by · the City Engineer and approved by the City Council of said City and now on file in the office of the Clerk of said City be and the same is hereby authorized and ordered. Section 4. By virtue of and in pursuance of the aforesaid laws and the Charter and Ordinance No. 8, Series 1959, as amended, of said City, local improve- ment bonds of the City shall be issued for the purpose of paying for the local improvements in this Ordinance described and provided to be constructed in said Sewer District, in an amount not to exceed the cost of said improvements, includ- ing engineering, legal and all incidental expenses, as in said laws, Charter and Ordinance provided. Section 5. Said bonds shall be authorized by an O~dinance later to be passed in accordance with the laws of the State of Colorado, the Charter and said Ordinance No. 8, Series 1959, as amended, of said City. Section 6. The Mayor and City Clerk are hereby authorized to advertise for bids to construct such improvements and for bids for said bonds to be issued, in three (3) consecutive weekly issues of the Englewood Herald and Enterprise, a newspaper of general circulation published in said City, which advertisements may run concurrently with the publication of this Ordinance. Section 7. By reason of the fact that the completion at the earliest possible date of the improvements described in this Ordinance is necessary to the immediate preservation of the public property, health, peace and safety, it is hereby declared that an emergency exists and that this Ordinance shall take effect upon its final passage. Section 8. All ordinances, or parts thereof in conflict herewith are here- by repealed. This ordinance, after its final passage, shall be recorded in a book kept for that purpose, shall be authenticated by the signatures of the Mayor and City Clerk, shall be published in said City, and after becoming effective, shall be irrepealable until the bonds of said District shall be paid in full. Section 9 . A public hearing on the Ordinance will be held at the City Hall in Englewood, Colorado, on M ~nday, the 20th day of August, 1962, at the hour of 8:00 o'clock P.M., and Notice of such Hearing is hereby authorized to be given by publication once in the Englewood Herald and Enterprise and Press, in its issue of August 9, 1962. INTRODUCED AND READ This 6th day of August, 1962. '/:j:/ J V/M vu ,_r?ffeJ ----------~ -r----,,-Mayor ( S E A L ) ATTEST: IT WAS THEREUPO~OVED BY COUNCILMAN BRAUN AND SECONDED BY COUNCILMAN PARKER THAT THE FOREGOING BILL FOR AN ORDINANCE, READ IN FULL AT THIS MEETING AS AFORESAID, BE NUMBERED , SERIES 1962, AND BE PUBLISHED IN FULL IN THE ENGLEWOOD HBRALD AND ENTERPRISE, A NEWSPAPER OF GENERAL CIRCULATION PUBLISHED IN ENGLEWOOD, COLORADO, IN ITS ISSUE OF AUGUST 23, 1962, AND THAT SAID ORDINANCE, AFTER ITS PUBLICATION AS AFORESAID, BE CONSIDERED FOR FINAL PASSAGE AT A REGU- LAR MEETING OF THE CITY COUNCIL TO BE HELD AT THE CITY HALL IN SAID CITY, ON K:>NDAY, THE 4TH DAY OF SBPTEMBER, 1962, AT THE HOUR OF 8:00 O'CLOCK P.M. The question being upon the adopting of said motion, the roll was called with the following result: Those voting AYE: Councilmen: H. R. Braun Sam Love Chalmerse Parker Charles Smukler R. G. Woods, Jr. Those voting NAY: None Absent: Councilmen Stanley G. Miles L. L. Brownewell Five members of the Ci ty Council present having voted in favor of &aid motion, the presiding officer thereupon declared said motion carried, and directed that said Bill for an Ordinance be published as ordered • • Minutes of August 20, 1962 622-38 ANNEXATION AGREF.MENT BETWEEN ENGLEWOOD AND LITTLETON Mr. Gordon Taylor, President of the Littleton City Council, spoke regarding annexation in Centennial Acres and wanted a resolution of policy by the City of Englewood. Discussion ensued. COUNCILMAN SMUKLER MOVED, COUNCILMAN LOVE SEOONDED, THAT REPRESENTATIVES OF THE CITY' OF ENGLEWOOD BE APPOINTED BY THE MAYOR TO MEET WITH THE COUNTY COMMISSIONERS AND THE CITY OF LITTLETON, OR REPRESENTATIVES THEREOF, IN ORDER TO DEVELOP AND DETERMINE, FOR RECOMMENDATION TO THEIR RESPECTIVE GOVERNING BODIES, AN INTELLIGENT LONG RANGE POLICY REGARDING THE PRESENT AND FURUTE CORPORATE LIMITS OF THE CITY OF LITTLETON AND ENGLEWOOD. Upon the call of the roll, the vote resulted as follows: Ayes: Councilmen Braun, Love, Parker, Smukler, Woods. Nays: None. Absent: Councilmen Miles, Brownewell. The Mayor Pro Tem declared the motion carried. 622-40 REGARDING AGE OF THOSE WHO MAY PATRONIZE A POOL HALL Mr. Clyde Rector, owner of the Deluxe Grill, 3299 South Broadway, spoke regarding the City's ordinance relating to the age of those who may patronize establishments where pool is played. He presented signed petitions for chang- ing the age limit containing 100 names. COUNCILMAN PARKER MOVED, COUNCILMAN BRAUN SECONDED, THAT THE PETITIONS BE RECEIVED. Upon the call of the roll, the vote resulted as follows: Ayes: Councilmen Braun, Love, Parker, Smukler, Woods. Nays: None. Absent: Councilmen Miles, Brownewell. ' The Mayor Pro Tem declared the motion carried. 611-31 REGARDING OPENING OF SOUTH CHEROKEE STREET Mr. Elmer Reed of 3400 South Cherokee, spoke regarding the proposed exten- sion of South Cherokee Street to the north of Little Dry Creek. Mr. Reed was spokesman for the residents of Scuth Cherokee Circle and requested that further consideration be given for another route, preferable Huron Street which is already open. Mr. Mallory and Mr. Keifer also spoke opposing the opening of South Cherokee Street. COUNCILMAN SMUKLER MOVED, COUNCILMAN BRAUN SECONDED, THAT DUE CONSIDERATION TO THE THOUGHTS OF MR. REED THAT THE MOST FEASIBLE ROUTE SHOULD BE CONSIDERED. Upon the call of the roll, the vote resulted as follows: Ayes: Councilmen Braun, Love, Parker, Smukler, Woods. Nays: .None. Absent: Councilmen Miles, Brownewell. The Mayor Pro Tam declared the motion carried. RECESS The Mayor Pro Tem called a recess of the Council at 10:30 P.M. CALL TO ORDER The Mayor Pro Tern called the meeting to order at 10:40 P.M. with the following members present: Councilman Braun, Love, Parker,· Smukler, Woods • The Mayor Pro Tern declared a quorum present. 621-42 REGARDING A SEWER REVENUE BOND PROGRAM Mr. Robert Gerwin of Coug~lin and Company, explained to the Council how his company was prepared to sell at advertised public sale $1,022,000.00 City of Englewood First Lien Sewer Revenue Refunding Bonds to refund the three outstanding issues which can be refunded at this time into lower interest rates and which would alleviate the restricting covernants of the present bond issues. Mr. Gerwin presented and read the contract in full. ii I I I II I I 11 Minutes of August 20, 1962 "COUGHLIN AND CC»IPANY, INC. Municipal Department HONORABLE MAYOR ANO CITY COUNCIL City of Englewood, Colorado Gentlemen: INVESTMENT BANKERS DENVER By menas of a recent law enacted at the last session of the Colorado Le9islature, Colorado municipalites are now empowered to refund existing Sewer Revenue Bonds which, at the time of refunding, are not eligible for prior redemption at the option of the city. Such a refunding, explained in detail later, is accomplished through the purchase of u. s. Government bonds which are placed in escrow and are pur- chased with the proceeds of the refunding issue according to a predetermined schedule and in sufficient amounts to pay all principal, interest and call premiums on the refunded debt. This method of refunding utility revenue bonds has been developed and perfected by the undersigned in New Mexico and Arizona cities, as well as in Aurora, Colorado. Nearly a hundred million dollars of utility bonds have been re- funded in fifteen major municipalities in the three states mentioned above, and in every case substantial interest saving was realized and, in most instances, admin- istrative problems were alleviated and restrictive covenants of existing bond ordin- ances were liberalized. With this in mind, we have recently conducted a study of the existing Englewood Sewer Revenue Bonds, more particularly the ordinances under which the bonds were issued, keeping in mind that from time to time it may be necessary for the City of Englewood to issue substantial amounts of additional Sewer Revenue Bonds to pro- vide adequate sanitary sewer facilities for the residents of Englewood. As of November l, 1962, the City has outstanding $1,022,000 of Sewer Revenue Bonds dated October 1, 1952, August l, 1954, and February 1, 1960, maturing in the years 1963 through 1984, more completely described in the attached exhibit, which we believe can be refunded at this time into lower rates of interest that will effect a substantial interest cost reduction over the life of the issue. Therefore, as i nvestment bankers, skilled in the handling of financing of this nature, we offer the following proposal for your consideration and acceptance: We propose that the City of Englewood authorize and sell at advertised public sale $1,022,00 0 City of Englewood First Lien Sewer Revenue Refunding Bonds to refund the t h ree outstanding issues. Said bonds would be dated November l, 1962, and would mature insofar as practicable as shown under "Proposed Debt" on the attached exhibit and would be aallable in inverse numerical order in ten years from date of issue at par and accrued interest plus a premium of 3%. Prior to the sale of the re- funding issue by the City, we will acquire for the City the necessary U. S. Govern- ment bonds which will guarantee the sufficiency of the refunding escrow in order that unrestricted competitive bidding o~ the refunding issue can be achieved. The City agrees to purchase at our cost plu;accrued interest from us at the time of the closing the necessary U. s. Government bonds which will have been purchased by us prior to the advertisement for bids on the refunding issue. The City will be given a complete inventory and cost list of the bonds so purchased by us. Our detailed investigation shows that in order to provide adequate funds to retire the existing Sewer Revenue debt by April l, 1972, it will be necessary for the City to p.irchase $1,058,000 par amount of direct oblications of the U. S. Treasury, which currently are estimated to cost $1,054,956.25. Said Governments will produce: Principal Interest Total $1,058,000.00 301,337.50 $1,359,337.50 which wil~ pay the following amounts in connection with the Sewer Revenue Bond debt: Principal Interest Call Premium Grand Total $1,022,000.00 316,910.50 . 20,550.00 $1,359,460.50 In other words, the City will necessarily have to provide approximately $33,000.00 in addition to the proceeds rec eived from the par amount of $1,022,000 of Sewer Revenue Refunded Bonds to establish the escrow. Assuming the bonds can be advertised and sold within the next 60 days, we estimate that the average rate on the refunded issue will be approximately 3.40% which will effect a decrease in interest cost of approximately $138,797.00, or a gross estimated interest saving of $135.80 per bond. Such a program would also relieve the City of any obligation toward the issues sold originally, and all presently accumulated re~ serve funds can then be released to the City to provide the necessary cash to effect this refunding and provide a surplus which the City can use for any lawful purpose. We, at our expense, will: 308 Minutes of August 20, 1 9 62 1. Employ in the City's behalf, Messrs. Tallmadge an• Tallmadge, nationally recognized municipal bond attorneys of Denver for the preparation and direction of all legal proceedings including the final unqualified legal opinion incident to the issuance of the re- funding issue: 2. Furnish blank printed bonds on fine stock ready for signature by City officials: 3. Compile and circulate nationally an offering Prospectus which will include the official Notice of Sale, a description of the refunding and all pertinent financial and economic data on the City of Engle- wood in order that the lowest possible competitive rates of intereat can be obtained on the issue. 4. Submit in person all pertinent statistical data to Moody's Investors Service, a nationally recognized, unbiased and unaffiliated bond rating service, in an endeavor to obtain a rating on Englewood Sewer Revenue Bonds; S. Engage a firm of recognized Certified Public Accountants to compute independently and verify all transactions of the escrow: 6. Establ i sh the escrow in a metropolitan bank with full explanations to all parties concerned and pay all banking expenses in connection therewith at the closing over the period of the escrow. 'I For all our legal and financial services and our pre-sale liability, the City agre..- to allow and pay us a fee equivalent to $21.05 per $1,000 par amount of bonds re-1 funded. Furthermore, it is understood and agreed that if, for any reason, the City of Englewood does not issue any bonds under the refunding plan outlined herein, the City shall be under no obligation to us for any expenses, incurred or otherwise.,..,. · ·; . I In such event, both parties shall be released from further obligation and this agreF-~. ~J.~,.·· 1 ment shall be held null and void. . i.;.' , Respectfully submitted, COUGHLIN AND COMPANY, INC. BOETTCHER AND COMPANY /s/ By Robert F. Gerwin Robert F. Gerwin Vice President ACCEPTED for and on behalf uf the City of Englewood, Colorado, pursuant to proper authorization of its Governing Body this 20th day of August, 1962. ATTEST: /s/ J. L. Barron Deputy City Clerk /s/ R. G. Woods, Jr. Mayor Pro Tem ,, I I - i ·T~-, ;wu-lJ aT.t:ii io-f -52 Calla ble 4-1-72 at 103 Yid Princ~al Rate Interest 1963 118,0 3 1/2 121,140 1964 18,000 3 1/2 20,510 1965 19,000 3 1/2 19,880 1966 19,000 3 1/2 19,215 1967 21,000 3 1/2 18,550 1968 21,000 3 1/2 17,815 1969 22,000 3 1/2 17,080 1970 2 ~000 3 1/2 16,310 1971 23,000 3 1/2 15,505 1972 24,.iOOO 3 1/2 14 ,_700 1973 26,000 3 1/2 13J.860 1974 26,000 3 1/2 12,950 1975 27,000 3 1/2 12,040 1976 28,000 3 1/2 11,095 1977 28,000 3 1/2 10,115 1978 30,000 3 1/2 9,1~5 1979 31,000 3 1/2 8,o 5 1980 32,000 3 1/2 7,000 1981 33,000 3 1/2 5,880 1982 35,000 3 1/2 4,725 1983 100,000 3 1/2 3,500 1984 - 1604,000 1279,090 -- I •GLEWOOD, COLORADO SBIEI DVENUE BODS Existiy Debt - 150,000 Dated 8-1-54 Non-callable S40,000 Dated 2-1-60 Callable 2-1-72 a t 103 Prinb&ial Rate Interest Princi~al ••• I 3.40 1952 110,0 o ~ •. 4,000 :3.40 816 10,000 5,000 3.40 680 10,000 5,000 3.40 510 10,000 5,000 3.40 340 10,000 5,000 3.40 170 15,000 15,000 15,000 15,000 15,000 15,000 20,000 20,000 20,000 20,000 20 ,ooo 25,000 25,000 25,000 25,000 25,000 25,000 128,000 13,468 1390,000 ExistiDB Jlaxi•vn Principal & Interest 1130,700.00 Average Principal & Interest 69,345.00 Total Interest 503,583.00 Average Life 12,84 yrs Average Rate 3.84" J Rate 4 1/2 4 1/2 4 1/2 4 1/2 4 1/2 4 1/4 4 1/4 4 1/4 4 1/4 4 1/4 4 1/4 4.40 4.40 4.40 4.40 4.40 4.40 4.40 4.40 4.40 4.40 4.40 Interest I 8,537.50 16,625.00 16,175.00 15,725.00 15,275.00 14,825.00 14,187.50 13,550.00 12,912.50 12,275.00 11,637.50 11,000.00 10,120.00 9,240.00 8,360.00 7,480.00 6,600.00 5,500.00 4,400.00 3,300.00 2,200.00 1,100.00 ~ -~lp~l inte~~si Princi12al Interest Total JJtte --11-1 o· j;40 Total 132,000 13o,629.5o 162,629.50 140,000 134,748 174,748 32,000 37,951.00 69,951.00 42,000 33,388 75,388 34,000 36,735.00 70,735.00 45,000 31,960 76,960 34,000 35,450.00 69,450.00 45,000 30,430 75,430 36,000 34,165.00 70,165.00 45,000 28,900 73,900 41,000 32,810.00 73,8lO.OO 50,000 27,370 77,370 37,000 31,267.50 68,267.50 50,000 25,670 75,670 38,000 29,860.00 67,860.00 55,000 23,970 78,970 38,000 28,417.50 66,417.50 55,000 22,100 77,100 39,000 26,975.00 65,975.00 55,000 20,230 75,230 41,000 25,497.50 66,497.50 6Q,OOO 18,360 78,360 46,000 23,950.00 69,950.00 60,000 . 16,320 76,320 47,000 22,160.00 69,160.00 65,000 14,280 ?9,280 48,ooo 20,335.00 68,335.00 65,ooo 12,070 77,070 48,ooo 18,4&5.oo 66,eee.oo 10,000 9,860 79,860 50.000 16,615.00 66,615~00 70,000 7,480 77,480 56,000 14,685.00 70,685.00 75,000 5,100 80,100 57,000 12,500.00 69,500.00 75,000 2,550 77,550 58,000 10,280.00 68,280.00 60,000 8,025.00 68,025.00 125,000 5,700.00 130,700.00 25,000 1,100.00 26,100.00 --- 1221,025.00 11,022,000 1503,583.0011,525,583.0011,022,000 1364,786 11,386,786 Debt Service Comparisons Proposed I 80,100.00 77,044.00 364,786.00 10.50 yrs 3.40" Increase or (Decrease) (I 50,600.00) 7,699.00 ( 134,797.00) (2.34 ~s.) ( .44") 3 .... ::J s:: ~ CD CD 0 Hi )' s:: ~ CD ~ N 0 -.... "° 0\ N <:.o 0 ~ Minutes of August 20, 1962 Discussion ensued. COUNCILMAN SMUKLER MOVED, COUNCILMAN LOVE SECONDED, THAT THE CITY COUNCIL ACCEPT THE SEWER REFUNDING BOND PROPOSAL AND THE TIME SCHEDULE AND THAT THE MAYOR AND CITY CLERK BE AUTHORIZED TO SIGN THE CONTRACT ON BEHALF OF THE CITY. Upon the call of the roll, the vote resulted as follows: Ayes: Councilman Braun, Love, Parker, Smukler, Woods. Nays: None. Absent: Councilmen Miles, Brownewell. The Mayor Pro Tem declared the motion carried. 622-7 MINUTES OF THE WATER ANO SEWER BOARD MEETING OF AUGUST STH The Mayor Pro Tem asked that the minutes be placed on file. 622-42 Regarding annexation of additional lands to Southgate Sanitation District The Deputy City Clerk read the following recommendation of the Englewood Water and Sewer Board in full: "That the .following described lands be allowed to annex to the Southgate .Sanitation District, by Supplemental Agreement. Tracts 83 and 84 (Clark Colony No .• 3), a subdivision of Section 17, Township 5 South, Range 67 West of the 6th P.M. Arapahoe County, Colorado. Tracts 97 to 100, inclusive, and Tracts 127 and 128, (Clark Colony No. 3), a subdivision of Section 17, Township 5 South, Range 67 West of the 6th P.M., Arapahoe County, Colorado, and Tract 5, Block 8 (Clark Colony), a subdivision of Section 16, Township 5 South, Range 67 West of the 6th P.M., Arapahoe County, Colorado." COUNCILMAN LOVE MOVED, COUNCILMAN BRAUN SECONDED, THAT THE RECOMMENDATION OF THE ENGLEWOOD WATER AND SEWER BOARD BE APPROVED. Upon the call of the roll, the vote resulted as follows: Ayes: Councilmen Braun, Love, Parker, Smukler, Woods. Nays: None. Absent: Councilmen Miles, Brownewell. The Mayor Pro Tem declared the motion carried. 622-41 Regarding lease of certain waterr rights to the Denver City Ditch now owned by the Englewo o d Public Schools The Deputy City Clerk read the following recommendation of the Englewood Water and Sewer Board in full: "That the City negotiate promptly with the Englewood School District for lease of the School District's water rights in the City Ditch for the remainder of 1962 and all of 1963, in exchange for reimbursement, by the City, to the School District, of the payment of the last assessment for 1962 and the payment of the 1963 assessment." COUNCILMAN LOVE MOVED, COUNCILMAN BRAUN SECONDED, THAT THE RECOMMENDATION OF THE ENGLEWOOD WATER AND SEWER BOARD BE APPROVED. Upon the call of the roll, the vote resulted as follows: Ayes: Councilmen Braun, Love, Parker, Smukler, Woods. Nays: None. Absent: Councilmen Miles, Brownewell. The Mayor Pro Tem declared the motion carried. 621-108 REGARDING AWARDING OF SCHEDULE B OF ENGLEWOOD NO. 1 DAM COUNCILMAN BRAUN MOVED, COUNCILMAN LOVE SECONDED, THAT THE AWARDING OF SCHEDULE B OF THE ENGLEWOOD NO. 1 DAM PROJECT BB RAISED FRC»t THE TABLE. Upon the call of the roll, the vote resulted as follows: Ayes: Councilmen Braun, Love, Parker, Smukler, Woods. Nays: None. Absent: Councilmen Miles, Brownewell. The Mayor Pro Tern declared the motion carried. I ""t I i;. ,I I I 'I I I Minutes of August 20, 1962 The Deputy City Clerk read the following recommendation of the Englewood Water and Sewer Board in full: "That the contract for construction of Schedule B of the Englewood No. 1 Dam project not be awarded at this time because of complica ~ tions in negotiations with the Denver Board of Water Commissioners as to the use of the Denver City Ditch." COUNCILMAN BRAUN MOVED, COUNCILMAN LOVE SECONDED, THAT THE RECOMMENDATION OF THE ENGLEWOOD WATER AND SEWER BOARD BE APPROVBD. Upon the call of the roll, the vote resulted as follows: Ayes: Councilmen Braun, Love, Parker, Smukler, Woods. Nays: None. Absent: Councilmen Miles, Brownewell. The Mayor Pro Tem declared the motion carried. 622-3 MINUTES OF THE PARKS AND RECREATION COMMISSION MEETING OF JULY 19TH The Mayor asked the· the minutes be received and placed on file. 622-14 REGARDING PURCHASE OF LAND AT SOUTH JASON AND WEST QUINCY The Deputy City Clerk read the recommendation of the Englewood Parks and Recreation Commission in full: "That the City Council purchase the proposed park site at South Jason and West Quincy. (a) This purchase is number one (1) on the priority list for land purchases as outlined in the Parks and Recreation Capital I~provement Program. (b) There is reason to believe that this site will be unavailable within a year or perhaps sooner. (c) The development of a park in this area is sorely needed due to the concentration of children and character of the neighborhood." COUNCILMAN SMUKLER MOVED, COUNCILMAN PARKER SECONDED, THAT THE CITY MANAGER AND THE PARKS AND RECREATION DIRECTOR BE AU'MORIZBD TO OllrAIN OPTION ON 'ME STRIPS OF LAND AT JASON AND WBST QUINCY AVENUE FOR A PBRIOD OF ONE HUNDRED AND TWBNTr DAYS. Upon the eall of the roll, the vote resulted as follows: Ayes: Councilmen Braun, Love, Parker, Smukler, Woods. Nays: None. Absent: Councilmen Miles, Brownewell. The Mayor Pro Tem declared the motion carried. 622-43 Regarding Parks and Recreation Conmission employees Liability Insurance coverage The Deputy City Clerk read the following recommendation of the Englewood Parks and Recreation Commission in full: "That the City Council include the personnel carried on the Recreation Commission payroll on the City Liability Policy." COUNCILMAN LOVE MOVED, COUNCILMAN SMUKLER SECONDED, 'MAT THE RECOMMENDATION OF THE ~GLEWOOD PARKS AND RECREATION COMMISSION BB APPROVED. Upon the call of the roll, the vote resulted as follows: Ayes: Councilmen Braun, Love, Parker, Smukler, Woods. Nays: None. Absent: c ouncilmen Miles, Brownewell. The Mayor Pro Tern declared the motion carried. 622-44 PROPOSED PARKS AND RECREATION COMMISSION BUDGET, 1963 The Mayor Pro Tern asked that the proposal be received and placed on file. 622-3 MINUTES OF CAREER SERVICE BOARD SESSION OF AUGUST 9TH The Mayor Pro Tem asked that the minutes be placed on file. .312 Minutes of August 20, 1962 622-6 MINUTES OF PLANNING AND ZONING COMMISSION SESSION OF AUGUST 9TH The Mayor Pro Tern asked that the minute• be placed on file. 622-45 Regarding denial of rezoninq of property lying east of South Elati Street and north of West Ithaca Avenue The Deputy City Clerk read the following reconunendation of the City Planning and zoning Commission in full: "The rezoning request made by Mr. Leonard for R-3-B from R-2-A be denied. (Subject area bounded by South Elati St. on the West; West Ithica Avenue on the South; South Delaware-South Cherokee alley on the East; and the Commercial zoning on Hampden on the North.~" The Mayor Pro Tem informed the Council that this was informational only. 622-46 Regarding denial of rezoning of 4400, 4500, 4600 and 4700 block of South Acoma Street The Deputy City Clerk read the following recommendation of the City Planning and Zoning Commission in full: "The rezoning of the 4400, 4500, 4600, and 4700 blocks of South Acoma be denied." The Mayor Pro Tern informed the Council this was informational only. 622-47 Regarding rezoninq of property between West Grand and West Belleview, South Cherokee extended, and South Cherokee Street, South Delaware Street Alley The Deputy City Clerk read the following recommendation of the City Planning and Zoning Commission in full: "The Planning Commission recommend to the City Council the rezoning request made by A. E. Thompson for change from R-1-B to T be grartted. (Subject area between West Grand avenue and West Belleview Avenue; South Cherokee extended and the South Cherokee-South Delaware alley.)" COUNCILMAN LOVE MOVED, COUNCILMAN SMUKLER SECONDED, '!'HAT THE RECOMMENDATION OF THE CITY PLANNING AND ZONING COMMISSION BE APPROVED AND THAT THE CITY ATTORNEY BE INSTRUCTED TO PREPARE A BILL FOR AN ORDINANCE. Upon the call of the roll, the vote resulted as follows: Ayes: Councilmen Braun, Love, Parker, Smukler, Woods. Nays: None. Absent: Councilmen Miles, Brownewell. The Mayor Pr o Tern declared the motion carried. 622-20 VACATION OF A PORTION OF EAST EASTMAN PLACE Introduced as a Bill by Councilman Braun BY AUTHORITY' ORDINANCE NO. 22, SERIES .OF 1962 AN ORDINANCE VACATimTHE FOLLOWING DESCRIBED STREETS: EAST EAS'IMAN PLACE, BEING BOUNDED ON THE WEST BY SOUTH DOWNING STREET AND ON THE EAST BY SOUTH LAFAYET'l'B STREET, MORE FULLY DESCRIBED AS: LOTS 17, 18, 33 AND 34, VACATED BLOCK 16, EVANSTON BROADWAY ADDITION; AND LOTS 17, 18, 33 AND 34, BLOCK 15, EVANSTON BROADWAY ADDITION TOGETHER WITH THAT PORTION OF THE PREVIOUSLY VACATED STREETS AND ALLEYS ABUTTING SAID DESCRIBED LOTS; THAT PORTION OF SOUTH MARION STREET WHICH ABUTS LOTS 35, 36 AND THE SOUTH 10 FEET OF LOT 37, BLOCK 16 EVANSTON BROADWAY ADDITION, 2ND FILING; AND LOTS 15, 16 AND THE SOUTH 10 FEET OF LOT 14, BLOCK 15, EVANSTON BROADWAY ADDITION, ALL IN THE CITY OF ENGLEWOOD, ARAPAHOE COUNTY, COLORADO. was read for the second time. COUNCILMAN LOVE MOVED, COUNCILMAN SMUKLER SECONDED, THAT ORDINANCE NO. 22, SERIES OF 1962 BE PASSED ON SECOND AND FINAL READING AND ORDERED PUBLISHED IN FULL IN THE ENGLEWOOD HERALD AND ENTERPRISE. Upon the call of the roll, the vote resulted as follows: Ayes: Councilmen Braun, Love, parker, Smukler, Woods. Nays: None. Absent: Councilmen Miles, Brownewell. The Mayor Pro Tern declared the motion carried. I I I :I '" I I I I Minutes of August 20, 1962 622-34 VACATION OF NORTH-SOUTH ALLEY NEAR CHARLES HAY SCHOOL Introduced as a Bill by Councilman Braun BY AUTHORITY' ORDINANCE NO. 23, SBRIBS OF 1962 AN ORDINANCE VACATING THE FOLLOWING DESCRIBBD ALLEY: THAT PART OF THE ALLEY BETWEEN SOUTH MARION STREET AND SOUTH LAPAYBTTE STREET WHICH ABUTS LOTS 15, 16 AND THE SOUTH 15 FEET OF LOT 14 AND LOTS 35, 36 AND THE SOUTH 15 PEET OF LOT 37, BLOCK 15, EVANSTON BROADWAY ADDITION, ALL IN THB CITY OF ENGLEWOOD, ARAPAHOE COUNTY, COLORADO. was read for the second time. COUNCILMAN BRAUN MOVED, COUNCILMAN LOVE SERIES OF 1962 BE PASSED ON SECOND AND FINAL FULL IN 'llIE ENGLEWOOD HERALD AND ENTERPRISE. vote resulted as follows: SECONDED, THAT ORDINANCE NO. 23, READING AND ORDERED PUBLISHED IN Upon the call of the roll, the Ayes: Councilmen Braun, Love, Parker, Smukler, Woods. Nays: None. Absent: Councilmen Miles, Brownewell. The Mayor Pro Tern declared the motion carried. 622-47 REGARDING REZONING BY A. E. THOMPSONS FROM R-1-B TO T Introduced as a Bill by Councilman Love A BILL FOR AN ORDINANCR REZONING THE FOLLOWING DESCRIBBD PROPERTY FROM R-1-B (RESIDENCE DISTRICT) CLASSIFICATION TO T (TRANSITIONAL DISTRICT) CLASSIFICATION TO-WIT: BEGINNING AT THE NORTHUST CORNER OF LOT 16, DELAWARE HEIGHTS, THENCE EAST ALONG THE SOU'l'H LINE OF VACATED GRAND AVENUE FOR A DISTANCE OF 165.7 FEBT, THENCE SOUTH 600 PEBT TO THE NORTH LINE OF WEST BBLLBVIBW AVBNUB, TBBNCB WEST 167.3~ l'BBT TO THE SOU'l'HBAST CORNBR OF LOT 9, DBLAWARB HBIGBTS, 'l'HBNCB NORTH ALONG TBB BAST LINB OF DELAWARE HEIGHTS A DISTANCE OP 600 PBBT TO THE POINT OF BEGINNING, ALL IN THE CITY OF ENGLEWOOD, COUN'l'f OF ARAPAHOE, STATE OP COLORADO. WHEREAS, pursuant to ordinance, the City Planning and Zoning Commission of the City of Englewood, Colorado, ham duly held public hearing on a certain proposed amendment to Ordinance No. 45, Serie• of 1955, as amended, of the ordinances of the City of Englewood, Colorado, known as the "Zoning Ordinance of the City of Englewood, ''Colorado," and has made recommendation of the adoption of an ordinance embodying said amendmentr and, WHBREAS, the City Council has canplied with the rules prescribed by its charter and ordinances in taking the preliminary action in amending said Ordinance No. 45, Series of 1955, as amendedr and WHEREAS, the public necessity, convenience, general welfare and good zon- ing practices justify the proposed amendment to the zoning ordinance, as here- inafter set forth: NOW THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF ENGLEWOOD, OOLORADO: Section 1. The zoning of the hereinafter described property located within the City of E 1glewood, County of Arapahoe, State of Colorado, is hereby changed from R-1-B (Residence District) Classification to T (Transitional District) Classification, to-wit: Beginning at the Northeast corner of Lot 16, Delaware Heights, thence East along the South line of vacated Grand Avenue for a distance of 165.7 feet, thence South 600 feet to the North line of West Belleview Avenue, thence West 167.36 feet to the Southeast corner of Lot 9, Delaware Heights, thence North along the East line of Delaware Heights a distance of 600 feet to the point of beginning, all in the City of En glewood, County of Arapahoe, State of Colorado. Section 2. The City Council hereby finds, determines and declares that the hereinabove change in zoning is justified by the public necessity, convenience, general welfare and good zoning practices. Introduced as a Bill for an Ordinance at the regular meeting of the Ci ty Counc i l o( the City of Englewood, Colorado, on August 20th read a first time in full and set f or public hear i ng before said City Council at the regular meeting of the City Council on September 17th at 8:00 P.M. in the Council Chambers at the City Hall, 3345 s. Bannock Street, Englewood, COlorado. Notice of said hearing embodying this Bill for an Ordinance in full, ordered by the C ty Council to be published i n f ull in the Enqlewood Herald and Enterprise, at least fifteen days before said hearing. was read for the first time. 313 314 Minutes of August 20, 1962 COUNCILMAN LOVE MOVED, COUNCILMAN SMUKLBR SECONDED, THAT THE PROPOSED BILL BE PASSED ON FIRST READING AND ORDERBD PUBLISHED IN FULL IN THE ENGLEWOOD HERALD AND ENTERPRISE AND THAT THE PUBLIC HEARING ON THE REZONING BE SET FOR SEPTEMBER 17TH. Upon the call of the roll, the vote resulted as follows: Ayes: Councilmen Braun, Love, Parker, Smukler, Woods. Nays: None. Absent: Councilmen Miles, Brownewell. The Mayor Pro Tern declared the motion carried. 622-25 WATER BOND SALE AND SCHEDULE COUNCILMAN SMUKLER MOVED, COUNCILMAN BRAUN SECONDED, THAT THE SALE OF WATER BONDS IN THE AMOUNT OF $1,750,000.00 AND THE TIME SCHEDULE AS PREPARED BY COUGHLIN AND catPANY BE ADOPTED. Upon the call of the roll, the vote resulted as follows: Ayes: Councilmen Braun, Love, Parker, Smukler, Woods. Nays: None. Absent: Councilmen Miles, Brownewell. The Mayor Pro Tern declared the motion carried. 622-4 9 PROPOSED RECIPROCAL FIRE PROTECTION AGREEMENT WITH GLENDALE COUNCILMAN LOVE MOVED, COUNCILMAN BRAUN SECONDED, THAT THE MAYOR AND CITY CLERK BE AUTHORIZED TO SIGN A RECIPROCAL FIRE AGREEMENT WITH THE TOWN OF GLENDALE. Upon the call of the roll, the vote reaulted as follows: Ayes: Councilmen Braun, Love, Smukler, Woods. Nays: Councilman Parker. Absent: Councilmen Miles, Brownewell. The Mayor Pro Tern declared the motion carried. 622-50 LIQUOR LICENSE APPLICATION FOR HORSE CAR BAR COUNCILMAN SMUKLER MOVED, COUNCIIMAN BRAUN SBCONDBD, THAT THE LIQUOR LICENSE APPLICATION BE REFERRED TO THE CI'l'r MARAGBR TO GBT A CHARACTER REFERENCE FOR THE MEETING OF SEPTF.MB~R 4, 1962. Upon the call of the roll, the vote re- sulted as follows: Ayes: Councilmen Braun, Love, Parker, Smukler, Woods. Nays: None. Absent: Councilmen Miles, Brownewell. The Mayor Pro Tern declared the motion carried. 622-51 FRANCHISE PUBLIC SERVICE COMPANY COUNCILMAN LOVE MOVED, COUNCILMAN PARKER SECONDED, THAT THE FRANCHISE HELD BY COLORADO CENTRAL POWER COMPANY NOW PUBLIC SERVICE COMPANY BE RENEGOTIATED. Upon the call of the roll, the vote resulted as follows: Ayes: Councilmen Braun, Love, Parker, Smukler, Woods. Nays: None. Absent: Councilmen Miles, Brownewell. The Mayor Pro Tern declared the motion carried. MANAGER'S CHOICE 622-37 PAVING DISTRICT NO. 13 The City Manager made a progress report on the status of Paving District No. 13. 622-11 TREASURER'S REPORT FOR MONTH OF JULY, 1962 The Mayor Pro Tern asked that the Treasurer's Report be accepted and placed on file. • I I I I I I I I Minutes of August 20, 1962 NON SCHEDULED VISITORS Mr. M. Lewis, owner of the property on the southweat corner of Kenyon and Acoma appealed to the Council for permission to build an apartment. Mr. Lewis was referred back to the Board of Adjustment and Appeals. The City Manager was asked to update or prepare a new roster of Council Boards, Commissions and other Council appointees and department heads. • 622-17 REGARDING BUS SERVICE IN ENGLEWOOD COUNCIIMAN PARKER MOVED, COUNCIIMAN BRAUN SECONDED, THAT THE CITY MANAGER BXPLORE THE COST OF RESTORING BUS SERVICE WITHIN '1'HB CITY OF ENGLEWOOD BY CITY OPERATION. Upon the call of the roll, the vote resulted as follows: Ayes: Councilmen Braun, Love, Parker. Nays: Councilmen Smukler, Woods. Absent: Councilmen Miles, Brownewell. The Mayor Pro Tem declared the motion carried. ADJOURN COUNCILMAN PARKER MOVED, COUNCILMAN LOVE SBCONDBD, THAT '1'HB "8BTING BE ADJOURNED. Upon the call of the roll, the vote resulted as follows: Ayes: Councilmen Braun, Love, Parker, Smukler, Woods. Nays: None. Absent: Councilmen Miles, Brownewell. The Mayor Pro Tem declared the meeting adjourned at 1:15 A.M. I•/ J. L. Barron Deputy City Clerk-Treasurer • The minutes of the meeting of the City Council of the City of Bnqlewood, Colorado, held on the 20th day of August, 1962 A.D., atand approved as corrected this 4th day of September, 1962 A.D. ..