HomeMy WebLinkAbout1970-113-11/12/1970-APPROVING AN ADDENDUM TO AN AGREEMENT WITH LAPORTE WATER AND SANITATION DISTRICT RESOLUTION 70-113
OF THE COUNCIL OF THE CITY OF FORT COLLINS APPROVING AN
ADDENDUM TO AN AGREEMENT'WITH-LAP-ORTE WATER AND SANITA-
TION DISTRICT: . : . . . . . . . . . .
WHEREAS, heretofore the City of Fort Collins entered into an
Agreement with the LaPorte Water and Sanitation District providing for the
processing of sewage from the district's system by the City; and
WHEREAS, said Agreement provides in paragraph 14 that before the
district can issue additional bonds in connection with its sewage system,
the City must approve of the same in writing; and
WHEREAS, the district has made request to the City for permission
to issue additional bonds in the amount not to exceed $100,000.00. at an
interest rate not to exceed 9% per annum and with final payment to be no
later than the year 1989; and
WHEREAS, it is the opinion of the City Council that such permission
should be granted and an addendum to the Agreement with the district has been
prepared authorizing such additional bond issue.
NOW THEREFORE, BE IT RESOLVED BY THE COUNCIL OF THE CITY OF FORT
COLLINS That the terms and conditions of said addendum be and the same hereby
are approved; and
BE IT FURTHER RESOLVED, that the Mayor and City Clerk be and they
hereby are authorized and directed to execute said addendum for and on behalf
of the City of Fort Collins.
or
ATTEST: 17
C i ty,5&k