HomeMy WebLinkAbout15844RESOLUTION NO. 15844
A RESOLUTION RELATING TO THE 2014 LOAN AGREEMENT
WITH THE COLORADO WATER RESOURCES AND POWER
DEVELOPMENT AUTHORITY AND REMOVING NANCY
KELLER AND RONI KIMBREL AND APPOINTING ANDRA
AHRENS AND DANNY NUNN AS THE AUTHORIZED
OFFICERS UNDER SAID AGREEMENT
WHEREAS, The City of Pueblo has entered into a Loan Agreement with the Colorado
Wa
and
WHEREAS, PURSUANT TO Exhibit B of the Loan Agreement, the Wastewater Director
and the Director of Finance were designated as the Authorized Officers, as defined in the Loan
Agreement, for the purpose of performing any act or executing any document relating to the
Government Agency Bond, Series 2014, or the Loan Agreement.
WHEREAS, with the retirement of Nancy Keller from the position of Wastewater Director
and the resignation of Roni Kimbrel from the position of Finance Director of the City of Pueblo,
both individuals should be removed as Authorized Officers for the City of Pueblo with respect to
the Loan Agreement; and
WHEREAS, with the appointment of Andra Ahrens to the position of Wastewater
Director and with the appointment of Danny Nunn to the position of Interim Finance Director of
the City of Pueblo, both individuals should be appointed as Authorized Officers with the
Colorado Water Resources & Power Development Authority pertaining to the Water Revenue
Bonds 2014 Series A.; NOW, THEREFORE,
BE IT RESOLVED BY THE CITY COUNCIL OF PUEBLO, that
SECTION 1.
The City hereby removes Nancy Keller and Roni Kimbrel and appoints Andra Ahrens,
Wastewater Director, and Danny Nunn, Interim Finance Director, as Authorized Officers, as
defined in the Loan Agreement, for the purpose of performing any act or executing any
document relating to the Government Agency Bond, Series 2014, or the Loan Agreement. A
copy of this Resolution shall be furnished to the Colorado Water Resources and Power
Development Authority as evidence of such designation.
SECTION 2.
The officers and staff of the City are directed and authorized to perform any and all acts
consistent with the intent of this Resolution and the attached agreement to effectuate the
transactions described therein.
SECTION 3.
This Resolution shall become effective immediately upon passage and approval.
INTRODUCED: December 9, 2024
BY: Brett Boston
MEMBER OF CITY COUNCIL
APPROVED: __________________________
PRESIDENT OF CITY COUNCIL
ATTESTED BY: ________________________
CITY CLERK
City Clerk's Office Item # M10
Background Paper for Proposed
Resolution
COUNCIL MEETING DATE: December 9, 2024
TO: President Mark Aliff and Members of City Council
CC: Mayor Heather Graham
VIA: Marisa Stoller, City Clerk
FROM: Andra Ahrens, Director Wastewater
SUBJECT: A RESOLUTION RELATING TO THE 2014 LOAN AGREEMENT WITH
THE COLORADO WATER RESOURCES AND POWER
DEVELOPMENT AUTHORITY AND REMOVING NANCY KELLER AND
RONI KIMBREL AND APPOINTING ANDRA AHRENS AND DANNY
NUNN AS THE AUTHORIZED OFFICERS UNDER SAID AGREEMENT
SUMMARY:
Attached is a resolution removing Nancy Keller, former Wastewater Director, and Roni
Kimbrel, former Finance Director, as authorized officers to represent the City in matters
pertaining to the current outstanding debt with the Colorado Water Resources & Power
Development Authority, and appointing Andra Ahrens, Wastewater Director, and Danny
Nunn, Interim Finance Director as authorized officers.
PREVIOUS COUNCIL ACTION:
On March 24, 2014, Ordinance No. 8707 was passed and approved by City Council to
authorize the issuance of A Governmental Agency Bond for the purposes of financing
certain improvements to the system.
BACKGROUND:
On January 31, 2022, Nancy Keller, Wastewater Director, retired from the City of
Pueblo; Andra Ahrens has been appointed to the position of Wastewater Director. On
February 28, 2019, Roni Kimbrel, Finance Director, resigned from the City of Pueblo,
and the current Interim Finance Director is Danny Nunn.
FINANCIAL IMPLICATIONS:
There are no financial implications.
BOARD/COMMISSION RECOMMENDATION:
Not applicable
STAKEHOLDER PROCESS:
None
ALTERNATIVES:
There are no alternatives. Currently, the authorized officers on this loan are Nancy
Keller, Wastewater Director and Roni Kimbrel, Finance Director, both of which are no
longer associated with the City of Pueblo.
RECOMMENDATION:
Approval of the Resolution.
ATTACHMENTS:
None