HomeMy WebLinkAbout22-137 Approving the Option Term & Execution of Water Enterprise Revenue Bond Series 2022 12-14-2022RESOLUTION NO.22-137
A RESOLUTION OF THE BOARD OF TRUSTEES OF THE TOWN OF FIRESTONE,
COLORADO, APPROVING THE OPTION TERM AND EXECUTION OF THE TOWN
OF FIRESTONE COLORADO WATER ENTERPRISE REVENUE BOND SERIES 2022
WHEREAS, On November 11, 2022 the Board of Trustees of the Town of Firestone
adopted the Bond Ordinance which authorized the issuance of the Town of Firestone Colorado
Water Enterprise Revenue Bond Series 2022("Bonds"); and
WHEREAS on December 5, 2022 Zions Bank Corporation submitted a written offer to
purchase the Bonds for a price of $20,000,000, the terms and conditions upon which have been
agreed upon except for the Option Term which shall be either 10 or 15 years as determined by the
Board of Trustees.
NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF TRUSTEES OF THE
TOWN OF FIRESTONE, COLORADO:
The Board of Trustees hereby selects the 1 �year Option Term and the Board directs
that in accordance with the Bond Ordinance the Bonds shall be executed in the name of the
Town by the manual or facsimile signature of the Mayor, shall be sealed with the corporate seal
of the Town or a facsimile thereof thereunto affixed, imprinted, engraved or otherwise
reproduced and shall be attested by the manual of facsimile signature of the Town Clerk and all
other administrative procedures set forth in the Bond Ordinance.
INTRODUCED, READ AND ADOPTED this 14th day of December, 2022.
TOV DF FI ONE, COLORADO
Drew Alan Peterson, Mayor
Vam
ST:
Acting Town Clerk
AP O E ORM:
l ay own Attorney