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HomeMy WebLinkAbout029 - 06/07/1965 - ACCEPTING THE BEST BID FOR THE CITY OF FORT COLLINS GENERAL OBLIGATION WATER BONDS, SERIES JUNE 1, 1 r OV ORDINANCE NO 291 1965 AN ORDINANCE ACCEPTING THE BEST BID FOR THE CITY OF FORT COLLINS, COLORADO, GENERAL OBLIGATION WATER BONDS, SERIES JUNE 12 19659 IN THE AGGREGATE PRINCIPAL AMOUNT OF $322009000 00 , PRESCRIBING THE INTEREST RATES SAID BONDS SHALL BEAR AND THEIR PURCHASE PRICE, RATIFYING ACTION HERETOFORE TAKEN, AND DECLARING AN EMERGENCY WHEREAS, the City of Fort Collins (herein some- times merely designated as the "City") , in the County of Larimer and State of Colorado (herein sometimes designated as the "State") , is a political subdivision of the State, a body corporate and politic and a home rule city with a "Council-Manager government" pursuant to Article XX of the Constitution of the State of Colorado and the Charter of the City (herein sometimes designated as the "Charter") , and WHEREAS, the City now owns and operates a munici- pal waterworks system (sometimes referred to herein as the "waterworks system" or as the "system") , and WHEREAS, the City's present water treatment, dis- tribution and storage facilities and water supply are inade- quate, and in order that the present and future needs of the inhabitants of the City may be met, it is necessary to supply water to the City by constructing and otherwise acquir- ing extensions, additions, and improvements to the municipal waterworks system and everything necessary or incidental thereto, including the acquisition of additional sources of water (sometimes referred to as the "Project") , and WHEREAS, the City Council, pursuant to Ordinance No 16 , finally passed and adopted on the 1st day of April , 1965 authorized the issuance of the "City of Fort Collins, Colorado, General Obligation Water Bonds, Series June 1, 1965" (herein sometimes designated as the "1965 water bonds") , in the aggregate principal amount of $32200,000 00, for the purpose of the Project, and -2- a. r r -- WHEREAS, the City Council, pursuant to a resolu- tion passed and approved on the llth day of March , 1965 , provided for the public sale of said 1965 water bonds and required sealed bids therefor which would be publicly opened on the 6th day of May , 1965 , and WHEREAS, sealed bids were received and publicly opened on said date, and they have been tabulated, analyzed and fully considered, and WHEREAS, the City Council has determined, and does hereby determine, that the bid submitted by United California Bank Associates - Los Angeles California (herein sometimes designated as the "Purchaser") , for the purchase of said 1965 water bonds for the principal amount thereof, accrued interest from date until the date of delivery, a premium of$ 30 00 , and bearing interest at the rates hereafter set forth, was and is the best bid submitted and that the Purchaser is the highest and best bidder for said bonds and said bid is for the best advantage of the City NOW, THEREFORE, BE IT ORDAINED BY THE COUNCIL OF THE CITY OF FORT COLLINS, COLORADO Section 1 Ratification That all action here- tofore taken (not inconsistent with the provisions of this ordinance) by the Council and the officers of the City, directed toward the Project and toward the issuance of its 1965 water bonds for that purpose be, and the same is hereby ratified, approved and confirmed, including, without limiting the generality of the foregoing, the public sale of the bonds to the Purchaser Section 2 Acceptance of Bid That the bid submitted by the Purchaser for the purchase of the 1965 water bonds at the price heretofore provided be, and the same hereby is, accepted Section 3 Interest Rates That the 1965 water bonds shall bear interest from date until their respective maturities at the rates hereafter set forth, interest being payable on the first day of December, 1965 , and semiannually -3- I i thereafter on the first days of June and December in each year, and being evidenced until maturity by one set of cou- pons payable to bearer and attached to the 1965 water bonds , the 1965 water bonds being numbered and maturing serially in regular numerical order on the first day of December in each of the designated amounts and years, as follows Bond Numbers Interest Rate Amounts Years (All Inclusive Per Annum Maturing Maturing 1 - 3 3 507 $15 9000 00 1967 4 - 6 3 507 150000 00 1968 7 - 9 3 507 15 ,000 00 1969 10 - 34 3 5o 7 1251,000 00 1970 35 - 65 3 507 1550000 00 1971 66 - 98 z .5n 7 1652000 00 1972 99 - 132 - 3,507 1702000 00 1973 133 - 167 3.20 7 1752000 00 1974 168 - 203 2900 7 180,000 00 1975 204 - 240 2 90 7 1851,000 00 1976 241 - 279 2.9o7 1953,000 00 1977 280 - 319 2 go 7 2009000 00 1978 320 - 360 3,00 7 2053,000 00 1979 361 - 403 3 00 / 2159000 00 1980 404 - 447 3 007 220,000 00 1981 448 - 493 3 007 2302000 00 1982 494 - 540 3 10 / 2353,000 00 1983 541 - 589 3 10 7 245 ,000 00 1984 590 - 640 3 107 255 ,000 00 1985 both the principal of and the interest on the bonds being payable in lawful money of the United States of America, without deduction for exchange or collection charges, at the office of the Director of Finance and ex-officio City Treasurer, in Fort Collins, Colorado If any of the bonds is not paid upon presentation at its maturity, interest thereon shall continue at the rate of six per centum (67) per annum until the principal thereof is paid in full Section 4 Ordinance Irrepealable That after any of the 1965 water bonds are issued, this ordinance -4- `� shall constitute a contract between the City and the holder or holders of the bonds from time to time, and this ordi- nance shall be and remain irrepealable until the 1965 water bonds and the interest on the 1965 water bonds shall be fully paid, cancelled, and discharged, as herein provided Section 5 Severability That if any section, paragraph, clause or provision of this ordinance shall for any reason be held to be invali&or unenforceable, the invalidity or unenforceability of such section, paragraph, clause or provision shall not affect any of the remaining provisions of this ordinance Section 6 Repealer That all ordinances, resolutions, by-laws and regulations of the City, in con- flict with this ordinance, are hereby repealed to the extent only of such inconsistency This repealer shall not be construed to revive any ordinance, resolution,by-law or regulation, or part thereof, heretofore repealed Section 7 Emergency, Manner of Publication andManner of Publication and Effective Date That by reason of the fact that the City of Fort Collins is not properly or adequately supplied with water facilities and because of the necessity of delivering the 1965 water bonds within a reasonable time after the public sale thereof, it is hereby declared that an emergency exists, that this ordinance is necessary for the immediate preservation of the public peace, health, property, and safety, and that, therefore, it shall take effect immediately upon its passage, upon the affirmative vote of at least four members of the Council, and said ordinance shall be published in full within five days following its passage in accordance with the provisions of Sections 6 and 7 , Article II, of the Charter of the City of Fort Collins Section 8 Disposition of Ordinance That a true copy of this ordinance shall be numbered and recorded in the book marked "Ordinance Record," and adoption and publication shall be authenticated by the signatures of the Mayor and City Clerk, and by the certificate of the publisher, respectively -5- PASSED, ADOPTED AND SIGNED this 6th day of May 1965 1 / yor (SEAL) c Attest City Clerk -6- O O Whereupon, it was moved by Councilwoman Lorraine A Quinn and seconded by Councilman L J McMillan , that all rules of the Council which might prevent, unless suspended, the final passage and adoption of said ordinance at this meeting be, and the same are hereby, suspended for the purpose of permitting the final passage and adoption of said ordinance at this meeting The question being upon the adoption of said motion and the suspension of the rules, the roll was called with the following result Those Voting Aye Harvey G Johnson Karl E Carson L J McMillin Thomas W Bennett Lorraine A. Quinn Those Voting Nay None Those Absent None Yive members of the Council having voted in favor of said motion, the presiding officer declared said motion carried and the rules suspended Whereupon, Councilman L J McMillan then moved that said ordinance be passed and adopted as read, as an emergency measure Councilman Karl E Carson seconded the motion The question being upon the passing and adopting of said ordinance, the roll was called with the following result Those Voting Aye Harvey G Johnson Karl E Carson T._ .1 McMillan Thomas W Bennett Lorraine A Quinn Those Voting Nay None -7- fir None Those Absent The presiding officer thereupon declared that at least four members of the City Council having voted in favor thereof, the said motion was carried and the said ordinance duly passed and adopted as read, as an emergency measure On motion duly adopted, it was ordered that said ordinance be numbered�99 �965 , and after signature by the Mayor and attestation by the City Clerk, be finally published in full within five days from the date of its passage in the Fort Collins Coloradoan, a daily newspaper printed, published and of general circulation in the City of Fort Collins , and that said ordinance be recorded according to law There being no further business to come before the meeting, on motion duly made, seconded and carried, the Council adjourned M or (SEAL) Attest City Clerk -8- L STATE OF COLORADO ) COUNTY OF LARIMER ) SS CITY OF FORT COLLINS ) 19 Miles F House , the duly qualified and acting City Clerk of the City of Fort Collins, in the County of Larimer and State of Colorado, do hereby certify 1 That the foregoing pages, numbered 1 to 8, both inclusive, are a true, perfect and complete copy of the record of the proceedings of the City Council of the City of Fort Collins, had and taken at a lawful meeting of said City Council held at Council Chamber in City Hall in said City on Thursday , the 6th day of MW , 1965 , at the hour of 2 30 o'clock p m , as recorded in the offi- cial book of records of the proceedings of said City Council kept in my office, insofar as said minutes relate to the final adoption of Ordinance No 29, 1965 , a copy of which ordinance is therein set forth, and a copy of which is like- wise attached to the affidavit of the publisher on file in my office 2 That all members of the City Council were duly notified of said meeting 3 That the Mayor and four other members of the City Council were present at said meeting, that the members of said City Council voted on the passage of said ordinance as in said minutes set forth 4 That said ordinance was, on the llth day of May 1965 , published in full in the Fort Collins Coloradoan, the same being the official newspaper of said City, published and of general circulation therein, and was recorded as provided in said ordinance and the Charter of the City of Fort Collins IN WITNESS WHEREOF, I have hereunto set my hand and affixed the seal of the City of Fort Collins, Colorado, this llth day of May , 1965 (SEAL) I City Clerk -9- (Attach Affidavit of Publication of Post Sale Pond Ordinance in Fort Collins Newspaper) e� 4t � C � { r t 1 l 11 l 1 ` l 1 ` � 1 -lo- s n g STATE OF COLORADO ) GENERAL AND NO-LITIGATION COUNTY OF LARIMER ) SS CERTIFICATE CITY OF FORT COLLINS ) 6 IT IS HEREBY CERTIFIED by the undersigned, the duly chosen, qualified and acting Mayor, the City Manager, the Director of Finance, the City Clerk, and the City Attorney of the City of Fort Collins (herein sometimes designated as the "City") , in the County of Larimer and State of Colorado 1 That, as determined by the federal census of 1960, the population of the City of Fort Collins was 25 ,027 , and that the present estimated population is 339000 2 That the City of Fort Collins was organized and was operating under the provisions of the general laws of the State of Colorado, that said municipality was incor- porated as a city of the second class in the year 1883 under the general statutes , that the City was reorganized as a "home-rule" city pursuant to Article XX, Colorado Constitu- tion, and pursuant to Section 5 thereof the City Charter became effective upon its filing with the Secretary of State, i e , effective the 24th day of September, 1913, that a new charter for said "home-rule city was adopted by the electors of the City at a special election held on the 5th day of October, 1954, and pursuant to said Section 5, Article XX, Colorado Constitution, the new City Charter and the Council-Manager type of government therein designated became effective upon the filing of the Charter with the Secretary of State, 1 e , effective the 21st day of January, 1955 , that said reorganization has been fully effected, and that the validity of such incorporation or reorganization has never been questioned, except that the validity of the adoption of said new charter was at issue in Bennett et al v City of Fort Collins et al , Civil Action No 11762, in the District Court in and for the County of Larimer and State of Colorado, which court adjudged as valid the adop- tion of said new charter by a Decree entered on the 7th day of March, 1955 , as of the 24th day of February, 1955 -11- 6. 3 That the City as originally incorporated has never been consolidated with or annexed to any other municipality 4 That no territory has been disconnected from the City as originally incorporated 5 That the assessed valuation of the taxable property in said City for the year 196 4 , being the last preceding assessment , was and is the sum of $ 39 , 500,520 that the total "indebtedness" of the City, including its City of Fort Collins, Colorado, General Obligation Water Bonds , Series June 1, 1965 (sometimes designated as the "1965 water bonds") in the principal amount of $3,200,000 00, is $ 39918,000 , comprising the following A General Obligation Bonds (1) Water Bonds $ 3,918 ,000 (2) Sewer Bonds $ None (3) Other Type Bonds $ 5,000 Total $ 3,923,000 B Warrants $ None C All Others $ None a list of said outstanding general obligation bonds being attached hereto as Exhibit A, that the total amount of the outstanding revenue bonds which do not constitute an "indebt- edness" of the City, including (although not necessarily limited to) its City of Fort Collins, Colorado, Sewer Refund- ing and Improvement Revenue Bonds, Series June 1, 1965 (sometimes designated as the "1965 revenue bonds") , in the aggregate principal amount of $2,492,000 00, but excluding $292,000 00 in principal amount of outstanding revenue bonds of the City being refunded with part of the proceeds of the 1965 revenue bonds, is $ 2,492 000 , comprising the following A Sewer Refunding and Improvement Revenue Bonds $ 2,492,000 -12- B Sewer Revenue Bonds $ Excluded C Sewer and Water Revenue Bonds $ Excluded D Other Types of Revenue Bonds $ None a list of said outstanding revenge bonds being attached hereto as Exhibit B, and that the total amount of the out- standing special assessment bonds, which also do not consti- tute an "indebtedness" of the City, is $ 860000 comprising the following A Street Improvement Bonds $ 67,000 B Sanitary Sewer Bonds $ C Other Types of Bonds $ 190000 a list of said outstanding special assessment bonds being attached hereto as Exhibit C 6 That from the 9th day of April 196 3 , up to and including the 10t h day of April 196�r , the following were the duly chosen, qualified and acting officers of the City Mayor Harvey U Johnson Councilmen R L Colwell L J McMillan James W Guyer Councilwoman Lorraine A Quinn City Manager Robert F Boos City Clerk Miles F House Director of Finance Miles F House City Engineer C Adam Fischer City Attorney Arthur E March and that from the llth day of April 1965 , up to and including the date of this certificate the following have been and now are the duly chosen, qualified and acting officers of the City -13- Mayor Harvey G Johnson Councilmen Karl E Carson L J McMillan Thomas W Bennett b Councilwoman Lorraine Quinn City Manager Robert F Boos City Clerk Miles F House Director of Finance Miles F House City Engineer C Adam Fischer City Attorney Arthur E. March 7 That no litigation of any nature is now pend- ing or, insofar as known to the undersigned, threatened (either in state or federal courts) , restraining or enjoin- ing the issuance, sale, execution or delivery of the 1965 water bonds in the aggregate principal amount of $3,200,000 00, issued for the purpose of supplying water to the City by constructing and otherwise acquiring extensions, additions and improvements to the municipal waterworks system and everything necessary or incidental thereto, including the acquisition of additional sources of water (hereafter some- times referred to as the "Project") , or the levy and collec- tion of taxes to pay the principal thereof and interest thereon, or the fixing or charging, collecting, or applica- tion of adequate revenues, rates and charges which are pledged as additional security to pay the cost of the opera- tion and maintenance of the waterworks system and the princi- pal of and interest on said 1965 water bonds, or the pledge thereof, or otherwise carrying out the terms and provisions of the ordinances and resolutions authorizing the issuance of said bonds or otherwise concerning them and the cove- nants and agreements therein, or in any manner questioning or otherwise affecting the validity thereof, or any provision made or authorized for the payment of the bonds or the power of the City Council of the City (herein sometimes designated -14- as the "Council") to effect the Project, as provided in said ordinances and resolutions or otherwise, that neither the corporate existence nor boundaries of the City, nor the title of its present officers or any of them to their respec- tive offices is being questioned, and that no proceedings or authority for the issuance, sale, execution, or delivery of the 1965 water bonds have or has been repealed, revoked, rescinded, modified, changed or altered in any manner, except as the same appears in the transcript of proceedings 8 That the regular meetings of the Council are held in the Council Chambers in the City Hall Building, also called the Municipal Building, in Fort Collins, Colorado, on the first four Thursdays of each month, at the hour of 1 30 o'clock P m , under provisions setting the time and place of such meetings made by Ordinance No 9 , 19 60 , passed, adopted and signed on the 26th day of 1iav A D , 19 65 , by the Council, pursuant to Section 11, Article II, Fort Collins Charter 9 That no referendum petition concerning Ordi- nance No 160 1c)65 _, authorizing the 1965 water bonds, Ordinance No 29 , 1965 fixing interest rates thereon, nor concerning any other proceedings concerning said bonds, sys- tem or otherwise, has been presented to the Council under Section 3, Article XVII, of the Charter of the City of Fort Collins within thirty days after the passage of either ordinance or at all, or otherwise, and to the best of our knowledge none is being circulated nor planned for circulation 10 That the City Council by Section 29, Ordinance No 16, 1965 , authorized the printing on each bond of said series of the approving opinion of Messrs Dawson, Nagel, Sherman & Howard, Attorneys at Law, Denver, Colorado, and appending thereto a "true copy" certificate in substantially the following form -15- s (Form of Certif icate) STATE OF COLORADO ) COUNTY OF LARIMER SS LEGAL OPINION CERTIFICATE CITY OF FORT COLLINS )))) I, the undersigned City Clerk of the City of Fort Collins, County of Larimer, Colorado, do hereby certify that the following approving legal opinion of Messrs Dawson, Nagel, Sherman & Howard, Attorneys at Law, Denver, Colorado, to-wit (Attorneys' approving opinion was inserted in submargins, including complimentary closing and "/s/ Dawson, Nagel, Sherman & Howard") is a true, perfect, and complete copy of a manually executed and dated copy thereof on file in the records of the City in my office, that a manually executed and dated copy of the opinion was forwarded to , , , as a representative of the pur- chasers, for retention in its records , and that the opinion was dated and issued as of the date of the delivery of and payment for the bonds of the series of which this bond is one IN WITNESS WHEREOF, I have caused to be hereunto set my facsimile signature and have affixed hereto the facsimile of the official seal of the City I (Facsimile Signature) City Clem City of Fort Collins (FACSIMILE SEAL) (End of Form of Certificate) -16- 11 That subsequent to the authorization to issue the 1965 water bonds, the City has not pledged or otherwise, encumbered the revenues derived from its water system and water facilities and that there are no liens or encumbrances of any kind or description against such facilities or the revenues thereof, except the liens or encumbrances on revenues as designated in Ordinance No 16, 1965 12 That there is no reason within our knowledge why the City may not deliver its City of Fort Collins, Colorado, General Obligation Water Bonds, Series June 1, 1965 , in the principal amount of $3,200,000 00 13 That to the best of our knowledge neither the Mayor, any members of the City Council, nor any other offi- cer, employee, or any other agent of the City is interested (except in the performance of his official rights, privil- eges, powers, and duties) , directly or indirectly, in the profits of any contract, or job for work, or services to be performed, and appertaining to the issuance of the 1965 water bonds or to the effecting of the Project 14 That this certificate is for the benefit of each holder of the 1965 water bonds from time to time ' WITNESS our hands and the corporate seal of the City of Fort Collins, Colorado, this 7th day of June 1965 Ir City Manager /Director of Finance er c (SEAL) City--Attornejr -17- EXHIBIT A (Attach List of Outstanding General Obligation Bonds) Refunding Water Bonds Series of 1950 Maturity 10/1/65 Bonds Nos 421 to 450 30,000 10/1/66 Bonds Nos 451 to 480 30,000 10/1/67 Bonds Nos 481 to 510 30,000 10/1/68 Bonds Nos 511 to 535 25,000 10/1/69 Bonds Nos 546 to 570 25,000 10/1/70 Bonds Nos 571 to 600 30,000 Water Extension Bonds June 1, 1954 Maturity 6/1/66 Bonds Nos 1048 to 1156 $109,000 6/1/67 Bonds Nos 1157 to 1185,1187 to 1226,Z7 to ]268 lO1,000 6/1/68 fonds Nos 1269 to 1277, 1279 to 1383 114,000 6/1/69 Bonds Nos 1384 to 1500 11 000 6 1,00 Airport Improvement Bonds Maturity 7/1/65 Bonds Nos 46 to 50 5,000 City of Fort Collins , Colorado General Obligation Water Bonds Series June 1, 1965 Bonds Nos 1 to 640 $302002000 Maturity 1967 to 1985 12/1/67 Bonds Nos 1 to 3 $ 15,000 12/1/68 ponds Nos 4 to 6 15,000 12/1/69 Bonds Nos 7 to 9 15,000 12/1/70 Bonds Nos 10 to 34 125,000 12/1/71 Bonds Nos 35 to 65 155,000 12/1/72 Bonds Nos 66 to 98 165,000 12/1/73 Bonds Nos 99 to 132 170,000 12/1/74 Bonds Nos 133 to 167 175,000 12/1/75 Bonds Nos 168 to 203 180,000 12/1/76 Bonds Nos 204 to 240 185,000 12/1/77 Bonds Nos 241 to 279 195,000 12/1/78 Bonds Nos 280 to 319 2900000 12/1/79 Bonds Nos 320 to 360 205,000 12/1/80 Bonds Nos 361 to 403 2153,000 12/1/81 Bonds Nos 404 to 447 220,000 12/1/82 Bonds Nos 448 to 493 230s000 12/1/83 Bonds Nos 494 to 540 2359000 12/1/84 Bonds Nos 541 to 589 245,000 12/1/85 Bonds Nos 590 to 640 255s000 -18- 1 EXHIBIT B (Attach List of Outstanding Revenue Bonds) City of Fort Collins, Colorado, Sewer Refunding and Improvement Revenue Bonds June 1, 1965 Maturity Series I 12/1/67 Bonds Nos I-1 to I 10 $50,000 12/1/68 Bonds Nos I-11 to I-21 55,000 12/1/69 Bonds Nos I-22 to I-33 60,000 12/1/70 Bonds Nos I-34 to I-46 65,000 12/1/71 Bonds Nos I-47 to I-59 65,000 12/1/72 Bonds Nos I-60 to I-73 70,000 12/1/73 Bonds Nos I-74 to I-88 75,000 12/1/74 Bonds Nos I-89 to I-112 120,000 12/l/75 Bonds Nos I-113 to I-137 125,000 12/l/7$ Bonds Nos I-138 to I-162 125,000 12/1/77 Bonds Nos I-163 to I-188 130,000 12/1/78 Bonds Nos I-189 to I-216 140,000 12/1/79 Bonds Nos I-217 to I-245 145,000 12/1/80 Bonds Nos I-246 to I-275 150,000 12/1/81 Bonds Nos I-276 to I-306 155,000 12/1/82 Bonds Nos I-307 to I-338 160,000 12/1/83 Bonds Nos I-339 to I-371 165,000 12/1/84 Bonds Nos I-372 to I-405 170,000 12/1/85 Bonds Nos I-406 to I-440 175,000 Maturity Series R 6/1/66 Bonds Nos R-1 to R-8 $ 32,000 6/1/67 Bonds Nos R-9 to R-15 35,000 6/1/68 Bonds Nos R-16 to R-22 35,000 6/l/69 Bonds Nos R-23 to R-29 35,000 6/1/70 Bonds Nos R-30 to R-36 35,000 6/1/71 Bonds Nos R-37 to R-44 40,000 6/l/72 Bonds Nos R-45 to R-52 40,000 6/1/73 Bonds Nos R-53 to R-60 40,000 -19- EXHIBIT C (Attach List of Outstanding Special Assessment Bonds) Street Improvement Bonds Consolidated Improvement District No 55 Maturity 11/1/70 Bonds Nos 152 to 157 6,000 Consolidated Improvement District No 56 Maturity 11/1/7Z Bonds Nos 102 to 108 7,000 Consolidated Improvement District No 57 Maturity 11/1/72 Bonds Nos 84 to 98 $ 15,000 Consolidated Improvement District No 58 Maturity ll/l/74 Bonds Nos. 15 to 53 $ 39,000 Street Lighting Bonds Consolidated Street Lighting District No 1 Maturity ll/l/69 Bonds Nos 1 to 38 $ 190000 -20- City of Fort Collins Larimer County Colorado Refunding Escrow Account Transactions July 1, 1965 through January 1 1974 U S Treasury 4/ 3 5 /8/ 3-5/8/ 3 7/8/ Obligations Bills Bills Notes Notes Bonds Bonds Maturity 12 31-65 2-28-66 11 15-66 2 15-67 11-15-67 11 15 68 Principal Amount $14,000 14,000 $11,000 $19,000 $30,000 31,000 Ye-9- Cas 7 Balance Date 1965 July 1 August 15 $344 37 September 1 October 1 November 15 $220 $543 75 $600 63 December 31 $14 000 1966 January 1 February 15 344 37 February 28 $14 000 March 1 April 1 May 15 220 543 75 600 63 July 1 August 15 344 37 September 1 October 1 November 15 11 220 543 75 600 63 1967 January 1 February 15 19 344 37 March 1 April 1 May 15 543 75 600 63 July 1 August 15 October 1 November 15 30 543 75 600 63 1968 January 1 February 15 April 1 May 15 600 63 July 1 August 15 October 1 November 15 31 600 63 1969 January 1 February 15 April 1 May 15 July 1 August 15 October 1 November 15 1970 January 1 February 15 May 15 July 1 August 15 November 15 1971 January 1 February 15 May 15 ' July 1 August 15 November 15 1972 January 1 February 15 May 15 July 1 August 15 November 15 1973 January 1 May 15 July 1 November 15 1974 January 1 �y 000 1 000$17 0� 377 48 $32 , 718 75 35 204 41 Tota 1 4/ 3-7/8/ 4/ 4 1/8/ Total Disbursements Bonds Bonds Bonds Bonds Receipts From (See Debt 8-15-70 11 15 71 8-15 72 11-15-73 U S Treasury Payment Cash $32,000 $33,000 $34,000 $34,000 Obligations Schedule) Balance Date 4 281 30(Date of Closin') $ 4 176 25 $ 105 05 7 1 65 $640 $680 $ 1 664 37 1 769 42 8-15-65 481 25 1 288 17 9 1-65 0 640 00 1 928 17 10 1 65 $639 37 $701 25 2 705 00 4 633 17 11 15-65 14 000 00 18 633 17 12 31-65 18 176 25 456 92 1 1 66 640 680 1 664 37 2 121 29 2-15-66 14 000 00 16 121 29 2 28 66 15 481 25 640 04 3-1 66 0 640 00 1 2SO 04 4 1 66 639 37 701 25 2 705 00 3 985 04 5 15-66 3 948 75 36 29 7 1 66 640 680 1 664 37 1 700 66 8 15 66 275 00 1 425 66 9 1-66 0 640 00 2 065 66 10 1-66 639 37 701 25 13 705 00 15 770 66 11-15 66 14 948 75 821 91 1 1 67 640 680 20 664 37 21 486 28 2 15 67 20 275 00 1 211 28 3-1 67 0 640 00 1 851 28 4 1 67 639 37 701 25 2 485 00 4 336 28 5-15-67 3 770 00 566 28 7 1 67 640 680 1 320 00 1 886 28 8 15 67 640 00 2 526 28 10-1-67 639 37 701 25 32 485 00 35 011 28 11 15 67 34 770 00 241 28 1-1 68 640 680 1 320 00 1 561 28 2 15-68 640 00 2 201 28 4-1 68 639 37 701 25 1 941 25 4 142 53 5-15 68 3 266 25 876 28 7-1 68 640 680 1 320 00 2 196 28 8 15-68 640 00 2 836 28 10 1 68 639 37 701 25 32 941 25 35 777 53 11 15-68 35 266 25 511 28 1 1-69 640 680 1 320 00 1 831 28 2-15-69 640 00 2 471 28 4 1 69 639 37 701 25 1 340 62 3 811 90 5 15 69 2 746 25 1 065 65 7 1 69 640 680 1 320 00 2 385 65 8 15 69 1 32 640 00 35 025 65 10 1 69 639 37 701 25 1 340 62 36 366 27 11 15-69 35 746 25 620 02 1 1 70 640 680 1 320 00 1 940 02 2 15 70 639 37 701 25 1 340 62 3 280 64 5 15 70 2 210 00 1 070 64 7 1 70 32 640 680 33 320 00 34 390 64 8 15 70 639 37 701 25 1 340 62 35 731 26 11-15-70 35 210 00 521 26 1 1 71 1 680 680 00 1 201 26 2 15 71 , 639 37 701 25 1 340 62 2 541 88 5 15-71 1 673 75 868 13 7-1-71 680 680 00 1 548 13 8-15-71 33 639 37 701 25 34 340 62 35 888 75 11 15 71 35 673 75 215 00 1 1 72 680 680 00 895 00 2 15 72 701 25 701 25 1 596 25 5-15-72 1 121 25 475 00 7-1 79 34 680 34 680 00 35 155 00 8 15 72 701 25 701 25 35 856 25 11 15-72 35 121 25 735 00 1-1 73 701 25 701 25 1 436 25 5 15-73 568 75 867 50 7 1 73 34 701 25 34 701 25 35 568 75 11-15 73 35 ,568 75 -0- 1 1-74 S39 040 %l 311 S1 $ 4 2(`0 S45 921 25 $33b 19,3 70 $1/0 9 00 7 � STATE OF COLORADO ) COUNTY OF LARIMER SS SIGNATURE CERTIFICATE CITY OF FORT COLLINS ) We, the undersigned, the duly qualified and acting Mayor, City Clerk and Director of Finance and ex-officio City Treasurer of the City of Fort Collins (herein some- times designated as the "City") , in the County of Larimer and State of Colorado, do hereby certify 1 That the undersigned at the date of the sign- ing hereinafter stated and on the date hereof, are the duly chosen, qualified, and acting officers authorized to execute the bonds hereinafter described and holding the offices indi- cated by the official titles set opposite our respective names 2 That on the _ 4 day of 1965, the undersigned Mayor officially signed, manually subscribed, and executed in the name of the City, all of the City° s nego- tiable, coupon bonds described as follows "City of Fort Collins, Colorado, General Obligation Water Bonds, Series June 1, 1965, in the principal amount of $3,200,000 00, dated June 1, 1965 , consisting of 640 bonds in the denomination of $5,000 00 each, num- bered from 1 to 640, both inclusive" (herein sometimes designated as the "1965 water bonds") 3 That the facsimile signatures of the under- signed City Clerk and Director of Finance which appear on each of the bonds have been affixed thereto with the know- ledge and consent of each of them and are hereby adopted 4 That the facsimile seal of the City which appears on the face of each of said bonds is a true, perfect and complete facsimile of the legally adopted, proper and only official corporate seal of the City 5 That the facsimile signatures of the under- signed Mayor , City Clerk and Director of Finance which appear on each of the coupons attached to the bonds have -21- 0 been affixed thereto with the knowledge and consent of each of them and are hereby adopted 6 That the facsimile signature of the under- signed City Clerk which appears on the legal opinion cer- tificate appended to the approving opinion of Messrs Dawson, Nagel, Sherman & Howard, Attorneys at Law, Denver, Colorado, printed on each of the bonds, has been affixed thereto with his knowledge and consent and is hereby adopted WITNESS our hands an the seal of the City of Fort Collins , Colorado, this �� —�� day of f/d,�/�� , 1965 TERM OF OFFICE SIGNATURE OFFICIAL TITLE EXPIRES e-Um" Mayor April 11, 1967 VK City Clerk indefinite Director of Finance and ex-officio City Indefinite Treasurer (SE Signatures affixed to the above certificate and upon each of the above-described bonds guaranteed as those of the officials respectively designated above 1%P Qm& Nebo ee-l'Bagnk �" ��Cdo BANK By ``GG�,/•_ (BANK SEAL) -22- 1 � o • V STATE OF COLORADO ) DELIVERY CERTIFICATE COUNTY OF LARIMER ) SS AND RECEIPT CITY OF FORT COLLINS )) i 'IT IS HEREBY CERTIFIED by the undersigned, the duly chosen, qualified and acting Mayor, the City Manager, the Director of Finance and ex-officio City Treasurer, the City Clerk, and the City Attorney of the City of Fort Collins (herein sometimes designated as the "City") , in the County of Larimer and State of Colorado 1 That on the /S day of r, _ , 1965 , the undersigned Director of Finance delivered to the purchasers thereof, the City's negotiable, coupon bonds described as follows City of Fort Collins, Colorado, General Obligation Water Bonds , Series June 1, 1965 , in the principal amount of $392002000 00, dated June 1, 1965 , consists of 640 bonds in the denomin- ation of ,5,000 00 each, numbered from 1 to 640, both inclusive (herein some- times designated as the "1965 water bonds") , and received from said purchasers in full payment therefor the following Principal $3,200,000 00 Premium $ 30,Co Accrued Interest $_ ,3g Total Paid $ 70g,31F Less Deposit $ /00 z�b oa Net Paid on Delivery $Tr 2 That at the time of said delivery, all unmatured coupons were attached to the 1965 water bonds 3 That the provisions in the General and No- Litigation Certificate, dated the 7 day of Je , -23- 1965 , concerning the 1965 water bonds, including but not limited to the no-litigation provisions therein, remain true and accurate to the date of this certificate, and each of the numbered paragraphs therein set forth is hereby adopted by reference thereto as if set forth verbatim herein in full WITNESS our hands and the corporate seal of the City of Fort Collins , Colorado, this tjA` day of u�� , 1965 MAh�or � City Manager Director of Finance C erk 'City-Attorney/ (SEAL) -24- 1 f�