HomeMy WebLinkAbout092 - 07/17/1984 - AUTHORIZING THE ISSUANCE OF INDUSTRIAL DEVELOPMENT REVENUE BOND IN THE AGGREGATE PRINCIPAL AMOUNT OF 5
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( 1598I )
7/2/84
CERTIFIED RECORD
OF
PROCEEDINGS OF THE COUNCIL OF
THE CITY OF FORT COLLINS, COLORADO
RELATING TO AN ORDINANCE
AUTHORIZING THE ISSUANCE OF ITS
INDUSTRIAL DEVELOPMENT REVENUE BOND
IN THE AGGREGATE PRINCIPAL AMOUNT OF $9 ,800 , 000
STATE OF COLORADO )
COUNTY OF LARIMER ) ss.
CITY OF FORT COLLINS )
The Council of the City of Fort Collins, Colorado,
held a regular meeting at Council Chambers, City Hall , 300
LaPorte Avenue, Fort Collins, Colorado, on Tuesday, the 3rd day
of July, 1984 , at the hour of 5 :30 p.m.
The following persons were present:
Council Members : Gerald Horak, Mayor
E. John Clarke,Assistant Mayor
William Elliott
John Knezovich
Kelly Ohlson
Barbara Rutstein —
Ed Stoner -
City Manager : John E. Arnold
City Clerk: Wanda M. Krajicek
The following persons were absent :
None
Council Member Clarke introduced
the following Ordinance, which was read by title, copies of the
full Ordinance having been available in the office of the City
Clerk at least forty—eight (48) hours prior to the time said
Ordinance was introduced for each Council Member and for
inspection and copying by the general public:
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CITY OF FORT COLLINS, COLORADO
ORDINANCE NO. 84 - 92
AUTHORIZING THE ISSUANCE AND SALE OF $9,800 ,000
PRINCIPAL AMOUNT INDUSTRIAL DEVELOPMENT REVENUE
BOND (JOHN Q. HAMMONS PROJECT) OF THE CITY OF
FORT COLLINS, COLORADO, IN ORDER TO ASSIST
JOHN Q. HAMMONS AND JUANITA K. HAMMONS IN THE
FINANCING OF THE COSTS OF A COMMERCIAL HOTEL
FACILITY; PROVIDING FOR THE PLEDGE OF REVENUES
FOR THE PAYMENT OF SAID BOND; APPROVING THE
FORMS OF AND AUTHORIZING THE EXECUTION AND
DELIVERY BY THE CITY OF A FACILITIES FINANCING
AGREEMENT AND A BOND PURCHASE AGREEMENT; AND
APPROVING THE FORM OF AND AUTHORIZING THE
EXECUTION AND DELIVERY BY THE CITY OF AN
ASSIGNMENT BY THE CITY OF FORT COLLINS,
COLORADO, OF SUCH FACILITIES FINANCING AGREEMENT
WHEREAS, the City of Fort Collins, Colorado (the
"Issuer" ) is a municipal corporation and political subdivision
duly organized and existing pursuant to the Constitution and
laws of the State of Colorado and the City' s Home Rule Charter
(the "Charter" ) ; and
WHEREAS, the Issuer is, by virtue of the laws of such
State, including particularly part 1 of article 3 of title 29 ,
Colorado Revised Statutes, as amended, being the County and
Municipality Development Revenue Bond Act (the "Act" ) , duly
empowered to issue its revenue obligations, in accordance with
the provisions of the Act, for the purpose of assisting in the
financing of the costs of acquiring, constructing and
installing any "project" (as defined in the Act) ; and
5 - 3 -
WHEREAS, the Issuer has been requested to enter into a
Facilities Financing Agreement (the "Agreement" ) , dated as of
June 1, 1984 , with John Q. Hammons and Juanita K. Hammons,
natural persons and residents of the State of Missouri (the
"Obligors" ) , and Vanguard Financial Company, an Ohio
corporation having its principal office in the City of
Cincinnati , Ohio (the "Purchaser" ) , under the terms of which
the Issuer agrees to finance, in whole or in part, the cost of
the acquisition, construction and installation of a certain
project referred to in the Agreement (the "Project" ) , all as is
more fully set forth in the Agreement, for the exclusive use
and occupancy of the Obligors, and the Obligors agree to pay
the Issuer specified payments and the Purchaser agrees to
purchase the Bond hereinafter referred to; and
WHEREAS, it appears to be in the best interest of the
citizens of Fort Collins, Colorado, that the Agreement be
entered into, and the Issuer has found and does hereby declare
that the acquisition, construction and installation of the
Project will assist in the promotion and development of trade
and other economic activities within the City of Fort Collins,
Colorado, by inducing the Obligors to acquire and construct the
Project and thereby secure and maintain a balanced and stable
economy within the City of Fort Collins, Colorado; and
WHEREAS, the Obligors have requested that the
financing of the costs of the acquisition, construction and
installation of the Project be effected by the issuance of the
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i
City of Fort Collins, Colorado Industrial Development Revenue
Bond (John Q. Hammons Project) , in the principal amount of
9 800 000 the "Bond" ) ; and
WHEREAS, under the terms of the Agreement the Issuer
will receive payments from the Obligors sufficient to pay, when
due, the principal of, premium, if any, and the interest on,
the Bond and said payments shall be pledged together with the
Agreement and other "Pledged Revenues" (defined in the
Agreement) as security for the payment of the Bond; and
WHEREAS, the Obligors, the Colorado State University
Research Foundation (the "Foundation" ) and The Central Trust
Company, N.A. (the "Bank" ) will enter into a Mortgage and
Security Agreement with the Purchaser dated as of June 1 , 1984
(the "Mortgage" ) pursuant to which the Obligors, the Foundation
and the Bank will each mortgage to the Purchaser all of their
right, title and interest in and to the Project, as additional
security for the payment of the Bond; and
WHEREAS, it is necessary that the Agreement be
assigned to the Purchaser, under the terms of an Assignment
(the "Assignment" ) dated as of June 1 , 1984, between the Issuer
and the Purchaser, and that the financing statements required
by the Agreement be executed and filed; and
WHEREAS, it is proposed that in order to accomplish
the sale of the Bond the Issuer should enter into a bond
purchase agreement dated as of June 1 , 1984 (the "Bond Purchase
Agreement" ) with the Purchaser (and approved by the Obligors) ,
the terms of which provide for the sale of the Bond;
- s -
NOW, THEREFORE, BE IT ORDAINED BY THE COUNCIL OF THE
CITY OF FORT COLLINS, COLORADO, AS FOLLOWS:
- Section 1 . Determinations of Legislative Authority.
This City Council hereby determines that the Project is a
"project" as that term is defined in Section 29-3-103( 10) of
the Act, is consistent with the purposes of the Act and will
benefit the people of the Issuer by assisting in the promotion
and development of trade and other economic activities, thereby
securing and maintaining a balanced and stable economy.
Section 2 . Authorization of Issuance of Bond. For
the purpose of paying the cost of acquiring, constructing and
installing the Project, the issuance of a revenue bond of the
Issuer in the principal amount of $9,800,000 known as "City of
Fort Collins, Colorado Industrial Development Revenue Bond
(John Q. Hammons Project) " is hereby authorized. The Bond
shall be dated, mature, bear interest, be subject to prepayment
prior to maturity and be payable as set forth in Article III of
the Agreement and shall be in the form attached thereto as
Exhibit "A" . The Bond shall be issued as a single fully
registered Bond in the denomination of $9,800,000 and with such
rights of transfer and executed in the manner provided in the
Agreement . The maximum net effective interest rate payable on
the Bond shall be 28% per annum.
Section 3 . Pledge of Payments . The payments to be
received by the Issuer for the use of the Project under the
terms of the Agreement are determined to be sufficient to pay
i - 6 -
f
the principal of, premium, if any, and the interest on, the
Bond as the same become due, and said payments, together with
the Agreement and all other Pledged Revenues, are pledged for
that purpose and in addition for such other purposes as are
more fully set forth and provided for in the Agreement and the
Assignment hereinafter authorized.
Section 4 . Special Findings and Determinations. The
following findings and determinations are hereby made by this
City Council in accordance with Sections 29-3-113, 29-3-114,
and 29-3-120 of the Act .
(a) The maximum amount necessary in each year to pay
the principal of and the interest on the Bond is as follows:
Interest
for such Period Principal Annual
Annual Period (based upon 25% To be Retired Debt Service
January 1 to December 31 . annual rate) in such Period Requirement
1984 62,015.64 -0- 62,015.64
1985 1,291,589.19 17,099.38 1,308,688.57
1986 2,439,550.66 50,520.02 2,490,070.68
1987 2,425,174.31 60,707.86 2,485,882.17
1988 2,409,272.85 67,147.95 2,476,420.80
1989 2,391,684.50 74,271.22 2,465,955.72
1990 2,372,230.35 82,150.17 2,454,380.52
1991 2,350,712.42 90,864.92 2,441,577.34
1992 2,326,911.79 100,504.17 2,427,415.96
1993 2,300,586.31 111,165.98 2,411,752.29
. — 7 —
Interest
for such Period Principal Annual
Annual Period (based upon 25% To be Retired Debt Service
January 1 to December 31 annual rate) in such Period Requirement
1994 2,271,468.14 122,958.84 2,394,426.98
1995 2,239,261.03 136,002.74 2,375,263.77
1996 2,203,637.25 150,430.35 2,354,067.60
1997 2,164,234.41 166,388.50 2,330,622.91
1998 2,120,651.59 184,039.53 2,304,691.12
1999 2,072,445.37 203,563.06 2,276,008.43
2000 2,019,125.24 225,157.72 2,244,282.96
2001 1,960,148.76 249,043.19 2,209,191.95
2002 1,894,915.82 275,462.52 2,170,378.34
2003 1,822,762.81 304,684.50 2,127,447.31
2004 1,742,955.51 337,006.48 2,079,961.99
2005 1,654,682.03 372,757.22 2,027,439.25
2006 1,557,044.19 412,300.54 1,969,304.73
2007 1,449,048.61 456,038.74 1,905,087.35
2008 1,329,596.48 504,416.87 1,834,013.35
2009 1,197,472.48 557,927.06 1,755,399.54
2010 1,051,332.37 617,113.84 1,668,446.21
2011 889,689.17 682,579.32 1,572,268.49
2012 710,898.34 754,989.60 1,465,887.94
2013 513,140.80 835,081.42 1,348,222.22
2014 294,404.46 923,669.63 1,218,074.09
2015 63,389.10 583,414.85 646,803.95
The actual fixed rate of interest on the Bond shall be
10 1/8% per annum. In addition to the foregoing fixed
• - 8 -
interest, there shall be additional interest payable on the
Bond in an amount equal to ten percent (10%) of the excess of
Gross Room Rents (as defined in the Agreement) over $3, 500,000
in each fiscal year; provided, however, that the total interest
payable on the Bond shall at no time exceed 25% per annum.
(b) There are no reserve accounts with respect to the
Bond.
(c) The terms under which the Project is to be
financed provide that the Obligors shall maintain the Project
and carry all proper insurance with respect thereto.
(d) The revenues payable under the Agreement are
sufficient to pay, in addition to all other requirements of the
Agreement and this Bond Ordinance, all sums referred to in
paragraphs (a) , (b) , and (c) of,this Section 4 .
(e) The Obligors shall be required under the terms of
the Agreement to pay all taxes which the taxing entities
specified in Section 29-2-120(3) of the Act are entitled to
receive from the Obligors with respect to the Project .
(f) As required by the Act, the Bond shall be a
special , limited obligation of the Issuer, payable solely from,
and secured by a pledge of , the revenues derived from the
Agreement, and shall never constitute the debt or indebtedness
of the Issuer within the meaning of any provision or limitation
of the Colorado Constitution, the Colorado statutes or the
Charter and shall not constitute or give rise to any pecuniary
liability of the Issuer or a charge against its general credit
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or taxing powers . In entering into the Agreement, the Issuer
will not obligate itself, except with respect to the obligation
of the revenues derived from the Agreement and the proceeds of
the Bond. The Issuer will not pledge any of its property to
secure the payment of the Bond. The Issuer will not pay out of
its general fund or otherwise contribute any part of the costs
of the Project .
Section S. Execution of Agreement. The execution,
delivery and performance of the Agreement by the Issuer are
hereby authorized. The Agreement shall be executed by the
Mayor and by the City Clerk of the Issuer . The Agreement shall
be in substantially the form presented to this City Council,
subject to such minor changes, insertions or omissions as may
be approved by this City Council and the execution of the
Agreement by the Mayor and City Clerk of the Issuer as hereby
authorized shall be conclusive evidence of any such approval .
Section 6 . Execution of Assignment . The execution,
delivery and performance of the Assignment by the Issuer are
hereby authorized. The Assignment shall be executed by the
Mayor and the City Clerk of the Issuer . The Assignment shall
be in substantially the form presented to this City Council ,
subject to such changes, insertions or omissions as may be
approved by this City Council and the execution of the
Assignment by the Mayor and City Clerk of the Issuer as hereby
authorized shall be conclusive evidence of any such approval .
- 10 -
Section 7. Ratification of Prior Acts . The adoption
by the City Council and the execution by the Mayor and City
Clerk of the Issuer on December 20, 1983 of an inducement
resolution with respect to the Issuer ' s agreement to finance
the Project are hereby ratified and confirmed.
Section 8. Execution of Bond Purchase Agreement . The
execution, delivery and performance of the Bond Purchase
Agreement by the Issuer, a copy of which has been presented to
the Issuer at this meeting and which is on file and of record
with the City Clerk of the Issuer, are hereby authorized. The
Bond Purchase Agreement shall be executed by the Mayor and the
City Clerk of the Issuer . The Bond Purchase Agreement shall be
in substantially the form presented to this City Council ,
subject to such minor changes, insertions or omissions as may
be approved by this City Council and the execution of the Bond
Purchase Agreement by the Mayor and City Clerk of the Issuer as
hereby authorized shall be conclusive evidence of any such
approval .
Section 9 . Election Under Section 103 of Internal
Revenue Code. The Mayor or the Finance Director of the Issuer
is hereby authorized to make an election to issue the Bond
pursuant to Section 103(b) (6) (D) of the Internal Revenue Code
of 1954 , as amended, and to sign and file or cause to be filed
any and all documents necessary to accomplish and perfect such
election.
Section 10 . Execution of No-Arbitrage Certificate.
The Mayor or the Finance Director of the Issuer is hereby
authorized to execute a non-arbitrage certification in order to
comply with Section 103(c) of the Internal Revenue Code of
1954, as amended.
Section 11 . Execution of Additional Instruments .
From and after the execution and delivery of the documents
hereinabove authorized, the proper officers, agents and
employees of the Issuer are hereby authorized, empowered and
directed to do all such acts and things and to execute all such
documents as may be necessary to carry out and comply with the
provisions of said documents as executed and are further
authorized to take any and all further actions and execute and
deliver any and all other documents as may be necessary in the
issuance of the Bond and the execution and delivery of the
Agreement, the Assignment and the Bond Purchase Agreement .
The Mayor and City Clerk of the Issuer are hereby
authorized and directed to prepare and furnish to the
Purchaser, when the Bond is issued, certified copies of all of
the proceedings and records of the Issuer relating to the Bond,
and such other affidavits and certificates as may be required
to show the facts relating to the legality of the Bond, as such
facts appear from the books and records in such officers '
custody and control or as otherwise known to them; and all such
certified copies, certificates and affidavits, including any
heretofore furnished, shall constitute representations of the
Issuer as to the truth of all statements contained herein.
Section 12 . Further Actions . All acts and doings of
the officers of the Issuer which are in conformity with the
. • - 12 -
purposes and intents of this Bond Ordinance and in the
furtherance of the issuance of the Bond and the execution,
delivery and performance of the Agreement, the Assignment and
the Bond Purchase Agreement shall be, and the same hereby are,
in all respects approved and confirmed.
� x • ,e * ■
INTRODUCED, READ, APPROVED ON FIRST READING, AND
ORDERED PUBLISHED ONCE IN FULL THIS 3rd day of JULY, 1984 .
CITY OF FORT COLLINS, COLORADO
(CITY) TI'ior
(SEAL)
Attest :
�6" --y4tm-XI
City C1 rk
The foregoing Ordinance will be presented for final
passage at a regular meeting of the Council, to be held at
Council Chambers, City Hall , 300 LaPorte Avenue, Fort Collins,
Colorado, on Tuesday, the 17th day of July, 1984, at 5:30 p.m.
• . - 13 -
READ, FINALLY PASSED ON SECOND READING, AND ORDERED
PUBLISHED ONCE BY NUMBER AND TITLE ONLY this 17th day of DULY,
1984 .
CITY OF FORT COLLINS, COLORADO
By: J �RM
(CITY) yor
(SEAL)
Attest :
" -S".
N-
City C1 rk
• � - 14 -
Council Member Clarke moved that the
foregoing Ordinance heretofore introduced and read by title be
approved on first reading. Council Member Stoner
seconded the motion.
The question being upon the approval on first reading
of the Ordinance, the roll was called with the following
results :
Council Members voting "AYE" : Clarke
El I iot
Knezovich
Stoner
Council Members voting "NAV Horak
Rutstein
Ohl son
The Mayor thereupon declared that, a majority of the
Council Members having voted in favor thereof, the motion was
carried and the Ordinance duly approved on first reading.
Thereupon the Mayor ordered said Ordinance pu
blished
once in full together with a notice giving the date when said
Ordinance will be presented for final passage in The
Coloradoan, a newspaper of general circulation published in the
City, at least seven (7) days before presentation for final
passage.
After consideration of other businesses to come before
the Council, the meeting was adjourned.
l
Mayor
(CITY) City of Fort Collins, Colorado
(SEAL)
Attest :
City Clerk ,
City of Fort Collins, Colorado
• 40 - 15 -
STATE OF COLORADO
COUNTY OF LARIMER ) ss .
CITY OF FORT COLLINS )
The Council of the City of Fort Collins, Colorado,
held a regular meeting at Council Chambers, City Hall , 300
LaPorte Avenue, Fort Collins, Colorado, on Tuesday, the 17th
day of July 1984, at the hour of 5:30 p.m.
The following persons were present:
Council Members : Gerald Horak
E. John Clark
William Elliott
John Knezovich
Kelly Ohlcon
Barbara Ru ctpin
Ed Stoner
Deputy
City Manager.: Richard Shannon
City Clerk: Wanda M. Krajirpk
The following persons were absent :
None
The Mayor informed the Council that Ordinance
No. 92 , 1984 , which was introduced, approved on first
reading, and ordered published once in full at a regular
meeting of the Council, held on July 3, 1984, was duly
published in The Coloradoan, a newspaper of general circulation
published in the City, in its issue of July 8 , 1984 .
Council Member Stoner then read said
Ordinance by its title.
Thereupon, Council Member Stoner moved
the final passage of Ordinance No. 92 , 1984 . Council
Member Elliott seconded the motion, and the question being
upon the final passage of said Ordinance, the roll was called
with the following result :
Council Members voting "AYE" : Clarke
Elliott
Knp7nvirh
I;tnnpr
• . - 16 -
Council Members voting "NAY" : Horak
Rutstein
Ohl son
The Mayor thereupon declared that a majority of the
Council Members having voted in favor thereof, the motion was
carried and the Ordinance finally passed.
Thereupon the Mayor ordered said Ordinance published
by number and title only together with a notice of the final
passage of the Ordinance in The Coloradoan, a newspaper of
general circulation published in the City, within five (5) days
after said final passage.
After consideration of other business to come before
the Council the meeting was adjourned.
Mayor
City of Fort Collins, Colorado
(CITY)
(SEAL)
Attest:
City Clerk
City of Fort Collins, Colorado
• • — 17 —
STATE OF COLORADO )
COUNTY OF LARIMER ) ss.
CITY OF FORT COLLINS )
I , Wanda M. Krajicek, City Clerk of the City of Fort
Collins, Colorado, do hereby certify that the attached copy of -
ordinance No. 92 , 1984, is a true and correct copy; that
said Ordinance was introduced and approved on first reading by
the Council of the City at Fort Collins, Colorado, at a regular
meeting thereof, held at Council Chambers, City Hall, 300
LaPorte Avenue, Fort Collins, Colorado, the regular meeting
place thereof, on Tuesday, the 3rd day of July, 1984; that said
Ordinance was finally passed on second reading by said Council
at a regular meeting of thereof, held at Council Chambers, City
Hall, LaPorte Avenue, Fort Collins, Colorado, the regular
meeting place thereof, on Tuesday, the 17th day of July 1984;
that a true copy of said Ordinance has been authenticated by
the signatures of the Mayor of said City and myself as City
clerk thereof, sealed with the seal of the City, and numbered
and recorded in a book marked "Ordinance Record" kept for that
purpose in my office; and that said Ordinance was duly
published once in full together with a notice giving the date
when said Ordinance would be presented for final passage and
once by number and title only together with a notice of the
final passage thereof in The Coloradoan, a newspaper of general
circulation published in the City, in its issues of July 8
1984, and July22 1984, as evidenced by the certificates of the
publisher attached hereto at pages 18 and 19 . I further certify
that the foregoing pages 1 through 16, inclusive, constitute a
true and correct copy of the record of the proceedings of said
Council at its aforesaid meetings, insofar as said proceedings
relate to said Ordinance; that said proceedings were duly dated
and taken, that the meetings were duly held; and that the
persons were present at said meetings as therein shown.
IN WITNESS WHEREOF, I have hereunto set my hand and
the seal of the City of Fort Collins, Colorado, this 18th
day of July 1984 .
(CITY) City Clerk
(SEAT•) City of Fort Collins, Colorado
. ` - 18 -
STATE OF COLORADO )
COUNTY OF LARIMER ) ss .
CITY OF FORT COLLINS )
(Attach affidavit of publication in full of Ordinance
and notice giving date when Ordinance to be presented -
for final passage. )
The Coloradoan
STATE OF COLORADO )
)ss, AFFIDAVIT OF PUBLICATION
COUNTY OF LARIMER )
Brenda S p r 1 ngm e y e r being first duly sworn upon oath, deposes
and says: That said is.the Legal Clerk of The Coloradoan;
that said has personal knowledge of all facts set forth in this affidavit; that The Coloradoan
is a public daily newspaper of general circulation, having its principal office and place of
business situated in said County of Larimer; that said Coloradoan is printed and published
i daily; that said Coloradoan is a daily newspaper, duly qualified for the purpose set forth
within the meaning of Ch$pter 109, Article 1, Sections 1-1 to 1-8 inclusive of Colorado
Revised Statutes 1973, and any amendment thereof passed prior to the date hereof; that
said newspaper had, prior to January 1, 1936, and has ever since said date been admitted to
the United States Mails as second class matter under the provisions of the Act of March 3,
1879, and any amendments thereof, that said newspaper is printed in whole in said County
of Larimer and has a general circulation therein; that said newspaper has been so printed
and published as a public daily newspaper of general circulation in said County of Lar-
imer, uninterruptedly and continuously, during the period of more than fifty-two consecu-
tive weeks next prior to the first issue thereof containing the annexed legal notice of
advertisement; that said annexed legal notice or advertisement was published in the
regular and entire editions of said newspaper for
One_ successive weeks on Sunday of each successive week; that the
first publication of said legal notice or advertisement was in the regular and entire edition
of said newspaper on the 8 t h day of July , A.D. 19 84; that the last
publication of said legal notice or advertisement was in the regular and entire edition of
said newspaper on the - day of , A.D. 19__, and that
copies of each number of said paper in which said notice or advertisement was published
were delivered by carriers or transmitted by mail to each of the subscribers of said paper,
according to the accustomed mode of business in pthis office.
T-100
Subscribed and sworn to before me, at and within the County of Larimer, State of Colorado
this __ 9 t h day of July A.D. 19 A4—
My Commission Expires August 15, 1937
1212 Riversi Fort Collins, CO 80524
My commission expires
Notary Public
Delivered to City CI_¢ rk -- ------ -
- 19 -
STATE OF COLORADO )
COUNTY OF LARIMER ) ss .
CITY OF FORT COLLINS )
(Attach affidavit of publication of Ordinance by
number and title only and notice of final passage
thereof . )
NOTICE IS HEREBY GIVEN that
IOP Fort Joly1S City C.11Cd OO
3dopte V,J01y llo wind,ordira and
1 atl Wi the following ortlinances
m secontl reading:
JRDINANCE NO. lI, 198d OF
The Coloradoan PORTION OF BREAKWATER
PORTION OF COLLINS VACATING
A
(DRIVE AND THREE UTILITY
EASEMENTS IN THE FIRST
REPLAT OF THE LANDINGS
P.U.D FILING 4
ORDINANCE NO, 98, 1984 OF
THE COUNCIL OF THE CITY OF
FORT COLLINS VACATING A
PORTION OF A UTILITY EASE-
MENT IN SOUTH COLLEGE
HEIGHTS FIRST FILING
.STATE OF COLORADO ] ORDINANCE NO. 99, 1984 OF
THE COUNCIL OF THE CITY OF
)ss. AFFIDAVIT OF PUBLICATION ORT COLLINS REAPPROPRI
COUNTY OF LARIMER TING 1983 FUNDS
ROMANCE NO. 80, 1984 AN
ROMANCE PROVIDING FOR
Brenda Snringme ver being y HE EXECUTION AND DELIV-
bei first duly sworn upon oath, de RY OF REPLACEMENT
P Poses ONDS FOR BONDS OF THE
and says: That said is the I PPw I Clerk of The Coloradoan; ITYOFFORTCOLLINS,COLO
-
ADO WHICH HAVE BEEN
that said has personal knowledge of all facts set forth in this affidavit; that The ColoradoanINRONGFULLY
DST, DESTROYED O R
TAKEN
is a public daily newspaper of general circulation, having its principal office and place of RDINANCE NO. 82, 1984 OF
an
business situated in said County of Larimer; that said Coloradoan is printed d published HE COUNCIL OF THE CITY OF
P P ORT COLONS APPROPRIAT-
daily; that said Coloradoan is a daily newspaper, duly qualified for the purpose set forth NGT RIIOR YEARR RESERVES
COUNTY
within the meaning of Chapter 109, Article 1, Sections 1-1 to 1-8 inclusive of Colorado IBRARY SERVICES FUND
Revised Statutes 1973, and any amendment thereof passed prior to the date hereof; that IRDI11111 NO. 83, 1984 OF
HE COUNCIL OF THE CITY OF
said newspaper had, prior to January 1, 1936, and has ever since said date been admitted to ORT COLLINS APPROPRIAT-
NG PRIOR YEAR RESERVES
the United States Mails as second class matter under the provisions of the Act of March 3, N THE GENERAL FUND
1879, and any amendments thereof, that said newspaper is printed in whole in said Count ROMANCE NO. 84, 1984 of
y HECOUNCILOFTHECITYOF
of Larimer and has a general circulation therein; that said newspaper has been so printed ORT COLLINS APPROPRIAT
P NG PRIOR YEAR RESERVES
and published as a public daily newspaper of general circulation in said Count of L N THE GENERAL FUND ANDi
Y ar- NANTICIPATED REVENUE
imer, uninterruptedly and continuously, during the period of more than fifty-two consecu- N THE TRANSPORTATION
Y ERVICE FUND
tive weeks next prior to the first issue thereof containing the annexed legal notice of ROMANCE No. 85, 1984 OF
advertisement; that said annexed legal notice or advertisement was published in the ORT COLLINS O APPROP IAT
YOF
regular and entire editions of said newspaper for G PRIOR YEAR RESERVES
THE GENERAL FUND
i ROMANCE NO. 86, 1984 OF
HE COUNCIL OF THE CITY OF
ORT COLLINS APPROPRIAT-
G PRIOR YEAR RESERVES
THE GENERAL FUND AND
N ATICIPATED REVENUE IN
_ One _ successive weeks on Sunday of each successive week; that the UHE
ND CAPITAL PROJECTS
first publication of said legal notice or advertisement was in the regular and entire edition RDINANCE, NO. 89, 1984 of
of said newspaper on the 22nd da of J u I V H ECOUNCILOFTHECITYOF
Y -- A.D. 19-B¢; that the last ORT COLLINS AUTHORIZING
publication of said legal notice or advertisement was in the regular and entire edition of HE TRANSFER OF APPRO RIATIONS AND EXISTING'
said newspaper on the dayof XPEN DITURES FROM THE
, A,D. 19 -, and that EVEN YEAR CAPITAL
copies of each number of said paper in which said notice or advertisement was published couNr Mo"THe cnnRAM,
were delivered by carriers or transmitted by mail to each of the subscribers of said paper, ROINGTT FUNSEV EN TVEAR
according to the accustomed mode of business in this office. PITAL IMPROVEMENT PRo-
RAM ACCOUNT
DINANCE NO. 88, 1984 OF
E COUNCIL OF THE CITY OF
RT COLLINS BEING AN
DINANCE APPROPRIATING
w
� ANTICIPATED REVENUE
CL �'f t' � �/� � LATHE COMMUNICATIONS
U-52 DINANCE NO. $9, 1984 OF
E COUNCIL OF THE CITY OF
RT COLLINS BEING AN
DINANCE APPROPRIATING
ANTICIPATED REVENUE
Subscribed and sworn to before me, at and within the County of Larimer, State of Colorado R TH Es TRANSPORTATION
this 29nA day ofA.1 I y _ _ A.D. 19 8`F FUND
DINANCE NO. 90, 1984 OF
EC ODUNCIL OFTHE CITY OF
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3o3'oe6L'Cten6ny
My commission expires 1212 ix side, Fart Coil' CO 80524 LO60s 00 lUOWI5oo1'NJegWIX
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. - 20 -
o ORDINANCE NO. 84- 92
AUTHORIZING THE ISSUANCE AND SALE OF $9,800,000
PRINCIPAL AMOUNT INDUSTRIAL DEVELOPMENT REVENUE
BOND (JOHN Q. HAMMONS PROJECT) OF THE CITY OF
FORT COLLINS, COLORADO, IN ORDER TO ASSIST JOHN
Q. HAMMONS AND JUANITA K. HAMMONS IN THE
FINANCING OF THE COSTS OF A COMMERCIAL HOTEL
FACILITY; PROVIDING FOR THE PLEDGE OF REVENUES
FOR THE PAYMENT OF SAID BOND; APPROVING THE
FORMS OF AND AUTHORIZING THE EXECUTION AND
DELIVERY BY THE CITY OF A FACILITIES FINANCING
AGREEMENT AND A BOND PURCHASE AGREEMENT; AND
APPROVING THE FORM OF AND AUTHORIZING THE
EXECUTION AND DELIVERY BY THE CITY OF AN
ASSIGNMENT BY THE CITY OF FORT COLLINS,
COLORADO, OF SUCH FACILITIES FINANCING AGREEMENT
READ, FINALLY PASSED ON SECOND READING, AND ORDERED
PUBLISHED ONCE BY NUMBER AND TITLE ONLY this 17th day of JULY,
1984 .
CITY OF FORT COLLINS, COLORADO
(CITY) Mayor
(SEAL)
Attest :
City Clerk