HomeMy WebLinkAbout23-105 Acknowledging Payoff of Water Enterprise Revenue Bond Series 2022 09-27-2023RESOLUTION NO. 23-105
A RESOLUJTION OFTHE BOARD OF TRUSTEES OF THE TOWN OF
FIRESTONE, COLORADO ACKNOWLEDGING PAYOFF OF THE
WATER ENTERPRISE REVENUE BOND SERIES 2022
WIJERL'AS, the'l-own of Firestone's ("Fown-) Board ot"Trustees adopted Resolution
23-67 on June 14, -1'21023 which authorized theTown Manager to prtwide Vectra Bank (Zions
13ancorporation N.A) the required notice to pay in Full the $20,000,000 Water F"nterprise
Revenue Bond Series 2022 (-Bond"); and
WIJERL",AS such payment would save theTown S4.050.1000 in interest payrnents as the
Bond did not mature till December 1. 2032-. and
WI IERE'AS, though staff notified Vectra Bank and con-trivenced the process to pay-off tire
Bond it did not advise the Board ol"Frustees ofits actions, and
WIIEREAS, on August 9. 2023 the1'(:)xvn Manager received written notice firom an
Assistant Vice President cif` it Bancorporation N.A. that the $20,000,000 Water Enterj,,rrise
Revenue Bond Series eras paid in full on July 17, 2023.
NOWTIIF'Rl: FORE, BEITRES01-VED BY TFIE BOARD OF "FRUSTEF"S OF-14-4E
TOWrN OFFIRt,'STONE. COLORADO:
The 13oard of"I'rustees does hereby acknowledge as shown in the attached'Fo%vii (if
Firestone Colorado Water Enterprise Revenue Bond Series 2022. designated as Paid In 1`0 and
made a part ofthis resolution that the Bond has been retired.
INTRODUCEID. RFAD ANDADOPTI"'D this;r-hay ot'August. 2023.
1 NE, (701,0RADO
Drew Alan Peterson. May(W
ATTES-I)w
Irish K. Ishor. C,\4C'I`own Clerk