HomeMy WebLinkAbout2001-019-02/06/2001-AMENDING RESOLUTION 2000-32 FOR THE PURPOSE OF EXTENDING THE TIME PERIOD FOR THE CITY TO ISSUE MULTIRESOLUTION 2001-19
OF THE COUNCIL OF THE CITY OF FORT COLLINS
AMENDING RESOLUTION 2000-3 2 FOR THE PURPOSE OF
EXTENDING THE TIME PERIOD FOR THE
CITY TO ISSUE MULTIFAMILY HOUSING REVENUE BONDS
FOR THE RESIDENCE AT OAKRIDGE PROJECT
WHEREAS,on February 15,2000,the City Council (the “Council”)of the City of Fort
Collins,Colorado (the “City”)adopted Resolution 2000-32 which set forth the City’s intention
to issue its multifamily housing revenue bonds (the “Bonds”)for the Residence at Oakridge
Project (the “Project”);and
WHEREAS,as of the date of this Resolution,the Bonds have not been issued by the
City;and
WHEREAS,pursuant to Section 6 of Resolution 2000-32,the commitment of the City to
issue Bonds for the Project will expire on February 15,2001;and
WHEREAS,representatives of National Healthcare Associates,Inc.have requested that
the deadline for issuing Bonds pursuant to Resolution 2000-32 be extended and have represented
to the City that the Project is still proceeding to completion.
NOW,THEREFORE,BE IT RESOLVED BY THE COUNCIL OF THE CITY OF
FORT COLLINS,as follows:
Section 1.That Section 6 of Resolution 2000-32 is hereby amended to extend the
deadline for issuing Bonds in connection with the Project until February 15,2002.In the event
that said Bonds to be issued pursuant hereto and pursuant to Resolution 2000-32 are not issued
by February 15,2002,the City shall be under no obligation to perform any of the terms and
conditions contained herein or in Resolution 2000-32
Section 2.That all other provisions of Resolution 2000-32 shall remain in full force and
effect.
Section 3.That all resolutions or parts thereof concerning the subject matter hereof in
conflict with this Resolution are hereby repealed to the extent of such conflict.This repealer
shall not be construed to revive any resolution or part thereof,heretofore repealed.
Section 4.That this Resolution shall take effect immediately upon its introduction and
passage.
Section 5.That the filing and execution by the Financial Officer of IRS Form 8328
“Carryforward Election of Unused Private Activity Bond Volume Cap”attached hereto is
approved.
C C
Passed and adopted at a regular meeting of the City Courjpil held this 6th day of
February,AD.2001.)
Mayot
ATTEST:
City Clerk
r
Form 8328
(Rev.November 2000)
Oepatmient of the Treasjry
Internal Revenue SeMce
Carryforward Election of Unused
Private Activity Bond Volume Cap
(Under Section 1460))
0MB No.1545-0874
Enter the calendar year for which the election is made ~2000
I~T1iI Reporting Authority
Issuers name Issuer’s employer identification number
City of Fort Collins 84 6000587
Number.street (or P.O.box if mail is not delivered to street address)Room/suite Report number
300 LaPorte Avenue
city or town,state,and ZIP code
Fort Collins,Colorado 80522—0580
I~1ThlI Computation of Unused Volume Cap —
1 Total volume cap of the issuer for the calendar year 1 $5 .514.750.00
2 Aggregate amount of private activity bonds issued to date that are
taken into account under section 146 (see instructions),,2 $2,756,250.00
3 Total amount of volume cap exchanged for authority to issue mortgage —0—
credit certificates (see instructions)
4 Total amount of volume cap allocated to private activity portion of —0—
governmental bonds (see instructions)4~.
6 Addlines2through4
6 Unused volume cap (subtract line 5 from line 1)6 $2,758,500.00
iFTI~Hi Purpose and Amount of Each Carryforward —
7 Qualified student loan bonds
8 Qualified mortgage bonds or mortgage credit certificates
9 Qualified redevelopment bonds
10 Exempt facility bonds:
a Mass commuting facilities (section 1 42(a)(3))iP~.
b Water furnishing facilities (section 142(a)(4))12k
c Sewage facilities (section 142(a)(5))
d Solid waste disposal facilities (section 142(a)(6))
e Qualified residential rental projects (section 1 42(a)(7))J9~$2 .758 .500 .00
f Facilities for the local furnishing of electric energy or gas (section 142(a)(8))
g Local district heating or cooling facilities (section 142(a)(9))
h Qualified hazardous waste facilities (section 142(a)(10))12k
i 25%of bonds for privately owned high-speed intercity rail facilities (section 142(a)(11))....IPL
j Qualified enterprise Zone facility bonds (section 1 394)
11 Total carryforward amount (add lines 7 through lOj)ii
under penalties of perjury.I declare that I have examined this return,including accompanying schedules and statements,and to the best of my
Sign knowledge and belief,it is true,correct,and complete.
Here I
signature of authorized public official Oate Type or print name and title.
For Paperwork Reduction Act Notice,see instructions on back.cat.No.13900J Form 8328 (Rev.11.20c0)