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12-20-01 Town Council MinutesItem No. 1: ROLL CALL COUNCIL MEMBERS PRESENT: Mayor T. Michael Manchester called to order the Special Meeting of the Snowmass Village Town Council on Thursday, December 20, 2001 at 4:40 p.m. STAFF PRESENT: Item No. 2: SNOWMASS VILLAGE TOWN COUNCIL SPECIAL MEETING MINUTES DECEMBER 20, 2001 Mayor T. Michael Manchester, Douglas Mercatoris, Richard Virtue, Arnold Mordkin and Robert Purvis COUNCIL MEMBERS ABSENT: All Council Members were present. Steve Connor, Town Attorney; Carey Shanks, Assistant Town Manager; Marianne Rakowski, Finance Director; Trudi Worline, Town Clerk PUBLIC PRESENT: There were no members of the public present at this Meeting. ORDINANCE NO. 29, SERIES OF 2001 CONSIDERATION OF AN ORDINANCE DESIGNATED BY THE SHORT TITLE "2002 BOND ORDINANCE AUTHORIZING THE TOWN OF SNOWMASS VILLAGE, COLORADO TO CONTRACT AN INDEBTEDNESS ON ITS BEHALF AND UPON ITS CREDIT BY THE ISSUANCE OF ITS GENERAL OBLIGATION BONDS IN THE AGGREGATE PRINCIPAL AMOUNT OF $3,585,000 FOR THE PURPOSE OF FINANCING THE ACQUISITION OF APPROXIMATELY 21 ACRES OF PROPERTY KNOWN AS THE RODEO GROUNDS; PROVIDING DETAILS CONCERNING THE BONDS, THEIR FORM, THEIR SALE AND FUNDS RELATING THERETO; PROVIDING FOR THE LEVY OF GENERAL AD VALOREM TAXES TO PAY THE PRINCIPAL OF AND INTEREST ON THE BONDS; RATIFYING ACTION HERETOFORE TAKEN AND RELATING TO SUCH BONDS; PROVIDING OTHER MATTERS RELATING THERETO; AND DECLARING AN EMERGENCY. Mordkin made a motion to approve the Emergency Ordinance No. 29, Series of 2001, seconded by Virtue. The Town Attorney stated that the bonds were sold on December 19, 2001. He requested an amendment to the numbers reflecting 12 -20 -01 tc Page 2 the total bond indebtedness and explained the necessary changes. After further discussion Virtue made a motion to amend the Ordinance as outlined by the Town Attorney. Mercatoris seconded the motion. The motion to amend was approved by a vote of 5 in favor to 0 opposed. The Town Attorney stated that the bonds would close on January 2, 2002. After further discussion the Ordinance was approved as amended, by a vote of 5 in favor to 0 opposed. Rem No. 3: ADJOURNMENT There being no further business, Mordkin made a motion to adjourn the Meeting, seconded by Mercatoris. The motion was approved by a vote of 5 in favor to 0 opposed. The Meeting adjourned at 4:45 p.m. Submitted By, Trudi Worline, Town Clerk