HomeMy WebLinkAbout23-67 Providing Notice to Vectra Bank of Town's Retirement of 2022 Water Enterprise Revenue Bonds 06-14-2023WHEREAS, the Town of Firestone ("Town") desires to retire the 2022 Water Enterprise
Revenue Bonds which will save the Town $4,050,000.00 in interest payments: and
WHEREAS the retirement of such debt requires that the Town provide the issuer Vectra
Bank (Zions Bancorporation) 30 days' prior notice; and
WHEREAS the Town Manager requests that the Board of Trustees authorize him to
provide the required notice to Vectra Bank.
The Board of Trustees does hereby authorize the Town Manager to provide Vectra Bank
the required thirty -day notice to retire the 2022 Water Enterprise Revenue Bonds.
0' INTRODUCED, READ AND ADOPTED this day of XAAC ,2023,
TO F FIRE ONE,
DO
Drew Alan Peterson, Mayor
ATTEST:
kfilti K. Bashor, CMC Town Clerk
LVA