HomeMy WebLinkAbout1982-080-06/15/1982-AUTHORIZING THE BOARD OF COUNTY COMMISSIONERS OF LARIMER COUNTY, COLORADO, TO ISSUE REVENUE BONDS FO RESOLUTION 82- 80
OF THE COUNCIL OF THE CITY OF FORT COLLINS
AUTHORIZING THE BOARD OF COUNTY COMMISSIONERS OF
LARIMER COUNTY, COLORADO, TO ISSUE REVENUE BONDS
FOR THE PURPOSE OF PROVIDING ADEQUATE RESIDENTIAL
HOUSING FACILITIES FOR LOW AND MIDDLE INCOME FAMILIES
AND PERSONS ON BEHALF OF THIS MUNICIPALITY
WHEREAS, pursuant to the County and Municipality Development Revenue
Bonds Act, Colorado Revised Statutes Section 29-3-101 et seq , as amended
(the "Act") , a county or municipality may issue revenue bonds to finance
residential facilities for low and middle income families and persons,
and
WHEREAS, Section 29-3-101(2) of the Act authorizes any county or
municipality of the State of Colorado (the "State") to irrevocably delegate
for the term of any bond issue to any other county or municipality of the
State authority to act on its behalf in carrying out any of the purposes of
the Act, and
WHEREAS, the Board of County Commissioners of Larimer County, Colorado
(the "County") , has determined to issue its Single Family Mortgage Revenue
Bonds, 1982 Series A (the "Bonds") , to finance certain residential facili-
ties located within the County for low and middle income families and
persons (the "Project") , and
WHEREAS, the Project will benefit the residents of Fort Collins (the
"Municipality")
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF
FORT COLLINS, as follows
Section 1 The Municipality, pursuant to Section 29-3-101(2) of the
Act, hereby irrevocably delegates to the County for the term of the Bonds
the Municipality' s authority under the Act to issue revenue bonds for the
purpose of financing residential facilities for low and middle income
families and persons such as the Project
Section 2 This Resolution shall be effective immediately upon
its passage
Passed and adopted at a regular meeting of the Council of the City
of Fort Collins held this 15th day of June, 1982
Mayor
ATTEST
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City Clerk