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RESOLUTION NO. --.lZ.l3
TITLE: A RESOLUTION TO AMEND RESOLUTION NO. 1139, SERIES
OF 1989, AS EXTENDED BY RESOLUTION NO. 1186, SERIES OF
1990 AND AS AMENDED BY RESOLUTION NO. 1229, AND CALLING
FOR A PUBLIC HEARING ON THE ISSUANCE OF QUALIFIED
501(c)(3) BONDS FOR THE USE OF THE BAPTIST HOME
ASSOCIATION OF THE ROCKY MOUNTAINS
WHEREAS, the City Council (the "Council") of the City of
Wheat Ridge (the "City") , State of Colorado adopted
Resolution No. 1139, Series of 1989 at a regular meeting of
the Council held on February 27, 1989: and
WHEREAS, Resolution No. 1139, Series of 1989 was extended and
reaffirmed in Resolution No. 1186, Series of 1990 passed and
adopted by the Council at a regular meeting of the Council
held on February 26, 1990 and was amended by Resolution No.
1229, Series of 1990 passed and adopted at a regular meeting
of the Council held on October 22, 1990 (Resolution No. 1139,
as extended and reaffirmed by Resolution No. 1186 and as
amended by Resolution No. 1229, is hereinafter referred to as
the "Original Resolution"): and
WHEREAS, the Original Resolution expressed the Council's
intent to issue up to $11,500,000 of the City's qualified
501(c)(3) bonds or other obligations (the "Bonds") for the
use of The Baptist Home Association of the Rocky Mountains, a
501(c)(3) organization ("BHA") for the purposes and upon the
terms stated in the Original Resolution; and
WHEREAS, at the time Resolution No. 1229 was adopted, it was
anticipated that BHA would transfer all of its right, title
and interest in its existing health-care facility located
within the City to Mountain Vista Health Center, Inc.
("MVHC"), a Colorado nonprofit corporation and a subsidiary
of BHA: and
WHEREAS, subsequent to the adoption of Resolution No. 1229,
for reasons beyond the control of BHA and MVHC, it was
determined that the existing health-care facility will be
retained by BHA and that the Bonds should be issued for the
use of BHA; and
WHEREAS, Resolution No. 1229 provided for publication of a
notice of a public hearing on the issuance of the Bonds for
the use of MVHC and called for public hearing to be held on
November 26, 1990.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE
CITY OF WHEAT RIDGE, COLORADO:
1. Resolution No. 1139, as amended by Resolution No. 1229,
is hereby amended by striking the second sentence of paragraph
no. 1 of Resolution No. 1129 in its entirety. All references in
the Original Resolution to "the User" shall be deemed to be
references to BHA. The Original Resolution is hereby ratified
and reaffirmed in all other respects.
2. A public hearing concerning the City's issuance of the
Bonds for the use of BHA is hereby called to be held at the hour
of 7:30, p.m., on Monday, January 14, 1991 at the regular meeting
place of the Council. The City Clerk is hereby directed to give
notice of such public hearing substantially in the form of
Exhibit A hereto.
DONE AND RESOLVED this 10th day of December, 1990.
~~L.f-t. d-J
Dan Wilde, Mayor
ATTEST :.
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Wanda Sang, City ClerK{
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EXHIBIT A
NOTICE OF PUBLIC HEARING
On Monday, January 14, 1991, at 7:30, p.m. a public hearing will
be held at 7500 West 29th Avenue, Wheat Ridge, Colorado, 80033,
by the City Council of the City of Wheat Ridge, Colorado with
respect to the issuance by the City of Wheat Ridge, Colorado of
$11,500,000 maximum aggregate face amount of its qualified
501(c) (3) revenue bonds. The bonds are to be issued to finance
the costs of renovating the existing Mountain Vista Nursing Home
and constructing additional health-care and/or assisted living
housing facili ties at the Mountain Vista Nursing Home facili ty
(collectively, the "project"). The Project is located at 4800
Tabor Street in the City of Wheat Ridge, Colorado and is owned by
The Baptist Home Association of the Rocky Mountains, a Colorado
nonprofit corporation.
Anyone may appear at the hearing and express his/her views
regarding the proposed Project and the related issuance of
bonds. In addition, written comments may be submitted at any
time prior to the hearing to Michael Smith, City Administrator,
at P. O. Box 638, Wheat Ridge, Colorado 80034.
Wanda Sang
City Clerk
Published: December 19,1990
Applewood/Wheat Ridge Transcript