Loading...
HomeMy WebLinkAboutResolution-1982-0800 RESOLUTION NO. 800 SERIES OF 1982 TITLE: A Resolution Supplementing Resolutions No. 731 and No. 747, Series of 1981, by extending the period of effect of said Resolutions to and including December 31, 1982, within which Ridge Village Partnership may apply for industrial development revenue bonds through the City of Wheat Ridge ~mEREAS, the City of viheat Ridge (the "Issuer"), State of Colorado, is authorized by the County and Municipality Development Revenue Bond Act, ~ 29-3-101, et seq., C.R.S. 1973, as amended (the "Act"), to issue industrial development revenue bonds to finance land, buildings or other improvements and all necessary and appurtenant real or personal property suitable for cOIT~ercial or business enterprises in order to develop trade and other economic activity and to secure and maintain a balanced and stable economy within the State, which will promote the public health, welfare, safety, convenience and prosperity of the inhabitants of the Issuer and the State; and \\IHEREAS, the Issuer adopted Resolution No. 731 on March 23, 1981, which authorized the issuance of its industrial development revenue bonds or other obligations (the "Bonds") in a maxirr.um aggregate principal amount of $4,700,000 to finance a shopping center (the "Project"), as more fully described therein; and w~EREAS, the Issuer adopted Resolution No. 747 on October 26, 1981, supplementing Resolution No. 731 and, inter alia, extendin~ the effective date of Resolution No. 731; and villEREAS, a commitment for the purchase of the Bonds has been received but the documents cannot be completed before September 1, 1982; and WHEREAS, the Project, the maximum aggregate principal amount of the Bonds and the benefits from the Project are all the same as contemplated by Resolution No. 731, and the benefits to the inhabitants of the Issuer and State are the same; NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF WHEAT RIDGE, COLORADO: Resolution No. 731 shall be effective through December 31, 1982. With the exception stated in the previous sentence, the Issuer hereby reaffirms the findings and the resolutions contained in Resolution No. 731 and Resolution No. 747. Neither the Bonds, the interest or any premiums thereon, nor anything contained in this Resolution shall constitute a debt or indebtedness of the Issuer within the meaning of the Constitution or statutes of the State of Colorado, nor give rise to a pecuniary liability of the Issuer or a charge against its general credit or taxing powers. No costs are to be borne by the Issuer in connection with the issuance of the Bonds. 9th day of August, 1982. DONE AND RESOLVED this "--/ ' "'?! / 4',/'7::,,-, -" Frank Stites, Mayor Attest: Carol F. ., -/ -1/' Hamp~~' ~~/ Clerk ) /' , L /.(,(/', ~, -