My WebLink
|
Help
|
About
|
Sign Out
Home
Browse
Search
Resolution 2007-13
PORTAL
>
CITY COUNCIL RECORDS
>
RESOLUTIONS (45.160)
>
2000-2009 Resolutions
>
2007 Resolutions
>
Resolution 2007-13
Metadata
Thumbnails
Annotations
Entry Properties
Last modified
3/12/2021 2:46:31 PM
Creation date
4/20/2007 11:42:28 AM
Metadata
Fields
Template:
City Council Records
Doc Type
Resolution
Signed Date
2/20/2007
Ord/Res - Year
2007
Ord/Res - Number
13
Original Hardcopy Storage
7D5
Supplemental fields
Test
RES 2007-13
There are no annotations on this page.
Document management portal powered by Laserfiche WebLink 9 © 1998-2015
Laserfiche.
All rights reserved.
/
11
PDF
Print
Pages to print
Enter page numbers and/or page ranges separated by commas. For example, 1,3,5-12.
After downloading, print the document using a PDF reader (e.g. Adobe Reader).
Show annotations
View images
View plain text
<br /> EXHIBIT A <br />Councilperson moved the adoption of the following resolution: <br /> RESOLUTION NO. 13 <br />A RESOLUTION AUTHORIZING THE DELEGATION TO THE CITY AND <br />COUNTY OF DENVER, COLORADO OF THE AUTHORITY OF THE CITY OF <br />LOUISVILLE, COLORADO, WITH RESPECT TO THE ISSUANCE OF <br />SINGLE F AMIL Y HOME MORTGAGE REVENUE BONDS (THE "BONDS") <br />TO FINANCE RESIDENTIAL HOUSING FACILITIES FOR LOW- AND <br />MIDDLE-INCOME PERSONS AND FAMILIES WITHIN THE CITY AND <br />CERTAIN OTHER CITIES AND COUNTIES IN THE STATE OF COLORADO; <br />APPROVING SUCH BONDS AND SUCH SINGLE F AMIL Y MORTGAGE <br />LOAN PROGRAM; AND AUTHORIZING THE EXECUTION AND DELIVERY <br />OF A DELEGATION AND PARTICIPATION AGREEMENT AND OTHER <br />DOCUMENTS IN CONNECTION THEREWITH. <br />WHEREAS, the City of [City], Colorado (the "City"), and the City and County of <br />Denver, Colorado (the "Issuer"), are each authorized by the County and Municipality <br />Development Revenue Bond Act, constituting article 3 of title 29, Colorado Revised Statutes, as <br />amended (the "Act"), to finance projects as defined in the Act, including residential housing <br />facilities for low- and middle-income persons and families; and <br />WHEREAS, Section 29-3-104(2) of the Act provides that a county or municipality may <br />delegate by resolution or ordinance., as the case may be, to any other county or municipality the <br />authority to act on its behalf in the financing of projects under the Act and that any such <br />delegation may be general or limite:d in scope and time, and may be irrevocable for the term or <br />terms of any financing agreement or bond issue, all as provided in such resolution or ordinance; <br />and <br />WHEREAS, the Issuer proposes to issue single family home mortgage revenue bonds <br />pursuant to the Act and its home rule charter (the "Bonds") to finance residential housing <br />facilities for low- and middle-income persons and families within the City and other cities and <br />counties in the State (the "Single Family Mortgage Loan Program"); and <br />WHEREAS, the City desires to delegate to the Issuer the authority of the City to finance <br />and otherwise take action and exercise power under the Act on behalf of the City with respect to <br />the Single Family Mortgage Loan Program within the City; and <br />WHEREAS, it is necessary to evidence such delegation by the execution and delivery by <br />the City of a Delegation and Participation Agreement (the "Delegation and Participation <br />Agreement"), by and between the City and the Issuer in substantially the form presented at this <br />meeting; <br />NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY <br />OF LOUISVILLE, COLORADO: <br />4824-0075-4689.1 <br />
The URL can be used to link to this page
Your browser does not support the video tag.