HomeMy WebLinkAbout1973-103-12/20/1973-AMENDING THE ESTABLISHED SHCEDULE FOR THE REPAYMENT TO THE WATER CAPITAL IMPROVEMENT FUND OF MONEYS RESOLUTION 73-103 .
OF THE COUNCIL .OF THE CITY OF FORT COLLINS
AMENDING THE ESTABLISHED SCHEDULE FOR THE REPAYMENT
TO THE WATER CAPITAL IMPROVEMENT FUND OF MONEYS
ADVANCED TO THE GENERAL FUND FOR THE ACQUISITION
AND CONSTRUCTION OF COLLINDALE GOLF COURSE
WHEREAS, heretofore on February 22, 1973, the City Council
received a report from the City Manager and by resolution adopted a
schedule for the repayment to the Water Capital Improvement Fund of
moneys advanced for the acquisition and construction of .the Collindale
Golf Course; and
WHEREAS, further study has indicated that the repayment
.schedule adopted was not realistic and the revenues from Collindale
Golf Course will not be sufficient to meet such schedule; and
WHEREAS, the administration, with the advice of the Golf Board,
has recommended a new schedule for repayment which would amortize such
repayment over a longer period of time and .the Council desires to adopt
the same.
NOW', THEREFORE, BE IT RESOLVED BY THE COUNCIL OF THE CITY OF
FORT COLLINS that the resolution (No. 73-131 adopted by the City Council
on February 22, 1973, be, and the same hereby is, amended by substituting
for the repayment schedule .therein contained the repayment schedule
attached hereto as Exhibit A.
Passed and adopted at a regular meeting of the City Council
held this 20th day of December, A.D. 1973.
ATTEST-:.: Mayor
'C1tx Clerk
. f
GOLF COURSE DEBT REPAYMENT
INTER.EST PRINCIPAL YEARLY
YEAR DEPT. At-IT. PAYMENT PAYMENT . .PAYMENT
1974 4092824.00 16,392.96 99840.68 269233.64`
1975 399,983.32, 159999.33 109234.31 269233.64
1976 389,749.01 159589.96 '10,643..68 . 269233.64
1977 379,105.33 l5t164.21 . 119069'.43 269233.64 .
1978 368,035.90 149721 .44 : 119512.20 26,233.64
1979 3569523.72 14,260.95 119972.69 .269233.64
1980. 3442551 .03 13,782.04 129451 .60 _ 269233.64
1981 3329099.43 139283.93 12,949.66 26,233.64•:
1982 3199149.77 129765.99 13,467.65 269233.64
1983 305,682.12 129227.28 14900-0.36 269233.64
1984 2919675.76 113667.03 149566.61 269233.64
1985 2779109.15 11 ,084.37 " ` 15`*149.27 26,233.64
1986 20-19959.88 109478.40 15,755.24 262233.64
1937 2462204.64 _ 9,848.19 . 169335.45 269233.64
1988 229,819.19 9,192.77 179040.87 26,233.64
1080 21,2,778.32- 89511 .13. _: 17,722.51 26,233.64 .
1990 195,055.81 7,802.23. 18,431 .41 269233.64 .
1991 176,624.40 79064.98 199168.66 26,233.64
1992 157,455.74 6,293.23 19,935.41 26,233.64
1993 137,520.33 5,500.81 20,732.83 26,233.64
1994 116,787.50 4,!)'71 .50 21 ,562.14 262233.64
1995 95,225.36 3,809.01 229424.63 269233.64
1996 72,800.73 2,912.03 235321 .61 26,233.64
1997 499479.12 1 ,979.16 24,254.43 269233.64
1998 25,224.64 1 ,000 99 ZS2iz4-G:.;::_. L6233:63
e
r6,015.99 409,824.00 655,81t0.99