HomeMy WebLinkAboutResolution-1982-0826
RESOLUTION NO. 826
SERIES OF 1982
TITLE: A RESOLUTION SUPPLEMENTING RESOLUTIONS NO. 731 AND NO. 747, SERIES OF
1981, AND RESOLUTION NO. 800, SERIES OF 1982, EXTENDING THE EXPIRATION
DATE FOR RIDGE VILLAGE SHOPPING CENTER BONDS
WHEREAS, the City of Wheat Ridge (the "Issuer"), State of ColoraQo, is
authorized by the County and Municipality Development Revenue Bond Act,s 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 commercial 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
WHEREAS, 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 maximum aggregate principal amount of $4,700,000
to finance a shopping center (the "Project"), as more fully described therein; and
WHEREAS, the Issuer adopted Resolution No. 747 on October 26,1981,
supplementing Resolution No. 731 and, inter alia, extending the effective date
of Resolution No. 731; and ----
WHEREAS, the Issuer adopted Resolution No. 800 on August 9, 1982,
supplementing Resolutions No. 731 and 747 and inter alia, extending the effective
date of Resolutions 731 and 747; and
WHEREAS, a commitment for the purchase of the Bonds is being negotiated
but the purchase cannot be completed before December 31,1982; 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 March 31, 1983. With the
exception stated in the previous sentence, the Issuer hereby reaffirms the find-
ings and the resolutions contained in Resolution No. 731, Resolution No. 747, and
Resolution No. 800. 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.
DONE AND RESOLVED this 27th day of December, 1982.
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FRANK sMtS~~MA1~iZ7<,
ATTEST:
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CAROL F. HAMPf'; CITY ?:,ERK
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