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HomeMy WebLinkAbout092 - 07/17/1984 - AUTHORIZING THE ISSUANCE OF INDUSTRIAL DEVELOPMENT REVENUE BOND IN THE AGGREGATE PRINCIPAL AMOUNT OF 5 8211h ( 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: - 2 - 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 - 4 - 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 - 9 - 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 -VeTiS R T N51 T1 : S7 .1 , 3o3'oe6L'Cten6ny My commission expires 1212 ix side, Fart Coil' CO 80524 LO60s 00 lUOWI5oo1'NJegWIX e q16'aa8101euuosiedd Wow __- of 10 61II0 e41 of xlddV' 'J01.: ed0 lueld MING a Be souep',, / ze elglsuodaGJ 61enIGSOJfiOJd IJewle'"I JB)BM UI UDp801111 S8910 a 10 uoleseseod puel Notary Public wA e6n oeIj 11'jueld l juew I-JG1gM IS 10 souvuslulew uoge3edo 941 u1 seonp JoDel Isx4d pue 'Ieolu4oB1 P91111s >IJOMpeal U OIJIld '4141UOW 'Zt-L86'18 6Jeles lueld WoNo JGIGM luoW00011 Delivered to_ C i t y C I e r k 110 'Al UO.LVW3dO LNVId -_-- — .._ -- — 303'ZZ408 'sW1100 ooj "GeV Good OOe.'099 s0e 'O'd 'luewoed luewdoleee0 GGAoldw3 01 L'le AInr Aq sewnsw llwgns . - 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