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HomeMy WebLinkAbout5365RESOLUTION NO. 5365 A RESOLUTION APPROVING THE PRELIMINARY OFFICIAL STATEMENT DATED MARCH 14, 1984 FOR $24,115,000 CITY OF PUEBLO, COLORADO, GENERAL OBLIGATION WATER REFUNDING BONDS, SERIES 1984 AND AUTHORIZING AND DIRECTING THE PRESIDENT OF THE CITY COUNCIL TO EXECUTE THE FINAL OFFICIAL STATEMENT WITH ANY APPROPRIATE CHANGES AND ALTERATIONS AND TO DELIVER SAME BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF PUEBLO, COLORADO, that: SECTION 1. The Preliminary Official Statement, dated March 14, 1984 for $24,115,000 City of Pueblo, Colorado, General Obligation Water Refunding Bonds, Series 1984, copies of which are on file in the office of the City Clerk and available for public inspection, is hereby approved and the President of the City Council is hereby authorized and directed to execute and deliver the final Official Statement with any appropriate changes and alterations for and on behalf of the City of Pueblo, Colorado. INTRODUCED: March 26, 1984 By PAUL JONES Councilman APPROVED: President of Council AT EST: ity Clerk STATE OF COLORADO ) COUNTY OF PUEBLO ) ss. CITY OF PUEBLO ) I, City Clerk of Pueblo, Colorado, do hereby certify that the foregoing (_) pages contain a full, true and correct copy of the proceedings taken by the City Council of the City of Pueblo, Colorado from and after March 26, 1984, up to and including the date upon which this certificate is subscribed, so far as said proceedings relate to a Resolution Approving a Bond Purchase Agreement between the City of Pueblo, a Municipal Corpora- tion, and Boettcher & Company, Inc., for the purchase of $24,115,000 City of Pueblo, Colorado, General Obligation Water Refunding Bonds, Series 1984, An Ordinance Authorizing the Issuance of General Obligation Water Refunding Bonds, Series 1984, in the Aggregate Principal Amount of $24,115,000, of the City of Pueblo, Colorado, for the Purpose of Refunding General Obligation Water Refunding Bonds, Series 1974, Previously Issued and Currently Outstanding in the Amount of $17,300,000, General Obligation Water Bonds, Series January 1, 1975, Previously Issued and Currently Outstanding in the Amount of $4,980,000 and General Obligation Water Bonds, Series 1982A, Previously Issued and Currently Outstanding in the Amount of $4,090,000; Providing for the Establishment of an Escrow Fund for the Payment of the Outstanding Bonds to be Refunded; Prescribing the Form of the Series 1984 Bonds; Providing for the Sale of the Series 1984 Bonds; Providing for the Application of the Net Revenues of the Water System and for the Levy of Taxes to Pay the Principal of and Interest on the Series 1984 Bonds; and Prescribing Other Details in connection therewith, as amended, and A Resolution Approving the Preliminary Official Statement and Authorizing and Directing the President of the City Council to Execute the Final Official Statement with Any Appropriate Changes and Alterations and To Deliver Same. IN WITNESS WHEREOF, I have hereunto set my hand and affixed the Seal of the City, this day of A.D. 1984. City Clerk (S E A L) STATE OF COLORADO ) COUNTY OF PUEBLO ) ss. CITY OF PUEBLO ) At a regular session of the City Council of Pueblo, Colorado, held at the City Hall, in said City, being the usual place of meeting of said City Council, on Monday, the 26th day of March, 1984, there were present and answering Roll Call: PRESIDENT OF COUNCIL: COUNCILMEN: CITY CLERK: CITY MANAGER: CITY ATTORNEY: Thomas E. Jagger The following members of the City Council were absent: Thereupon the following matters, inter alia were presented: HEARING - -AN ORDINANCE AUTHORIZING THE ISSUANCE OF GENERAL OBLIGATION WATER REFUNDING BONDS, SERIES 1984, IN THE AGGREGATE PRINCIPAL AMOUNT OF $24,115,000, OF THE CITY OF PUEBLO, COLORADO, FOR THE PURPOSE OF REFUNDING GENERAL OBLIGATION WATER REFUNDING BONDS, SERIES 1974, PREVIOUSLY ISSUED AND CURRENTLY OUTSTANDING IN THE AMOUNT OF $17,300,000, GENERAL OBLIGATION WATER BONDS, SERIES JANUARY 1, 1975, PREVIOUSLY ISSUED AND CURRENTLY OUTSTANDING IN THE AMOUNT OF $4,980,000 AND GENERAL OBLIGATION WATER BONDS, SERIES 1982A, PREVIOUSLY ISSUED AND CURRENTLY OUTSTANDING IN THE AMOUNT OF $4,090,000; PROVIDING FOR THE ESTABLISHMENT OF AN ESCROW FUND FOR THE PAYMENT OF THE OUTSTANDING BONDS TO BE REFUNDED; PRESCRIBING THE FORM OF THE SERIES 1984 BONDS; PROVIDING FOR THE SALE OF THE SERIES 1984 BONDS; PROVIDING FOR THE APPLICATION OF THE NET REVENUES OF THE WATER SYSTEM AND FOR THE LEVY OF TAXES TO PAY THE PRINCIPAL OF AND INTEREST ON THE SERIES 1984 BONDS; AND PRESCRIBING OTHER DETAILS IN CONNECTION THEREWITH - -was held. All interested parties having been heard from, President Salardino declared Hearing Closed. The President reported that Ordinance No. (the "Ordinance ") was introduced and passed and approved on first reading on March 12, 1984, and, as ordered by the City Council, has been published in The Pueblo Chieftain a newspaper of general circulation in the City of Pueblo, on March 1 1984. ORDINANCE NO. AUTHORIZING THE ISSUANCE OF GENERAL OBLIGATION WATER REFUNDING BONDS, SERIES 1984, IN THE AGGREGATE PRINCIPAL AMOUNT OF $24,115,000, OF THE CITY OF PUEBLO, COLORADO, FOR THE PURPOSE OF REFUNDING GENERAL OBLIGATION WATER REFUNDING BONDS, SERIES 1974, PREVIOUSLY ISSUED AND CURRENTLY OUTSTANDING IN THE AMOUNT OF $17,300,000, GENERAL OBLIGATION WATER BONDS, SERIES JANUARY 1, 1975, PREVIOUSLY ISSUED AND CURRENTLY OUTSTANDING IN THE AMOUNT OF $4,980,000 AND GENERAL OBLIGATION WATER BONDS, SERIES 1982A, PREVIOUSLY ISSUED AND CURRENTLY OUTSTANDING IN THE AMOUNT OF $4,090,000; PROVIDING FOR THE ESTABLISHMENT OF AN ESCROW FUND FOR THE PAYMENT OF THE OUTSTANDING BONDS TO BE REFUNDED; PRESCRIBING THE FORM OF THE SERIES 1984 BONDS; PROVIDING FOR THE SALE OF THE SERIES 1984 BONDS; PROVIDING FOR THE APPLICATION OF THE NET REVENUES OF THE WATER SYSTEM AND FOR THE LEVY OF TAXES TO PAY THE PRINCIPAL OF AND INTEREST ON THE SERIES 1984 BONDS; AND PRESCRIBING OTHER DETAILS IN CONNECTION THEREWITH, AS AMENDED - -was presented for the Final Time. Mr. moved Ordinance be Passed and Approved on Final Presentation. Thereupon, Mr. moved that the Ordinance be amended by substituted copy dated March 26, 1984. Mr. , seconded by Mr. , moved to amend the Ordinance as aforesaid. Roll Call -- Ayes -- and Nayes -- Motion carried. Mr. , seconded by Mr. , moved Ordinance as Amended be Passed and Approved on Final Presentation. Roll Call -- Ayes -- and . Nayes -- Motion carried. RESOLUTION NO. APPROVING THE PRELIMINARY OFFICIAL STATEMENT DATED MARCH 14, 1984 FOR $24,115,000 CITY OF PUEBLO, COLORADO, GENERAL OBLIGATION WATER REFUNDING BONDS, SERIES 1984 AND AUTHORIZING AND DIRECTING THE PRESIDENT OF THE CITY COUNCIL TO EXECUTE THE FINAL OFFICIAL STATEMENT WITH ANY APPROPRIATE CHANGES AND ALTERATIONS AND TO DELIVER SAME - -was presented. Mr. , seconded by Mr. moved Resolution be Approved. Roll Call -- Ayes -- and Nayes -- Motion carried.