Laserfiche WebLink
th� paya►�nt o! tA� Drincipal o! and int�r�rt nn sai� band,r iro� ih� <br /> nw r�v�u� d�rivb lra� th� City �• S�nitrry a�w�r Syst�ral <br /> praviQinq !or tA� p�yr�nt and dircharq• of th� outrc�ndinq bona� <br /> b�inq r�tutid�d� arrd proviQinq oth�r cav�nant• ard d�tails in <br /> oonniction x.har��rith. " <br /> forr.�t Gron, Vic� Pr�rid�nt, lCirkp�trick P�txi�, 1740 LS.nco�n, <br /> Danv�r, Colorado, �taf�d chat i! th� i�suw wa� to b� •oia on a <br /> rat�d ba�i�, th� CitX �auld •nd up with � split ratir►q vith Koody's <br /> qi�inq • r*tinq o! 8A�1 am! Stand�rd and Paar's a x��tinq o! 71-. H� <br /> r•�c � t rra• co�t bon�tici�l to s�ll th� issu� on an insurM basia. <br /> Th� pr�aiva !or in�uraric� �rauld b� 1��■ th�n or no �or• ttu►n th� <br /> ditti��nti�l in int�r�st rat• b�tw��n 81►J1 �nd an lU1 ratiirtq. vhich <br /> is vhar� �r� insur� issu� �ill s�ll. H� �xplainid th�t w�ttY a <br /> contribution o� S37o,000 lro� tund b��anc�, th� City cquld st�ort�n <br /> th� d�bt !s•os �006 to �003. Th� G��y vould b� r�alfsi,nq � <br /> �ignl.ti.cant pr�r�nt valu• s#v�nq� that ir b�s�d uport thM inC�r�rt <br /> diit�rantial. Fxo�r a d�bt sanaqsaunt •tandpoint, thi� �auld b� <br /> D�n�rticia� to th� City ta th� �xtont t,hst th• C1ty'• currint <br /> caplta�, plan !o� tA� •�r�r utility �nvisions a�jor inv��ta�nt in <br /> Z004. H� r�coa�r��nd�d th� City qo los�+ard M�th thi structur• �hich <br /> utilis�s th� S37p,04Q to �hort�a th� �aturlty. �lonq with tb� <br /> s�►vinqs lrcas t.b� c�tundinq. Th� cu�ulativ� •!l�ct ot b�inq ab].• to <br /> r�tir� th� bonds •ariy and taka #dvantaq• ot a Yow�r �nt�r�st rat� <br /> �nvirona�nt at pr�s�nt would b� s dabt s�rvic� savinqs ot' just <br /> uh��r SI ■�111on a�Q � pr�s�nt va�lu• savinqs ot ov�r �# ot tha par <br /> aaount o� th� out�t�►ndinq bonda. <br /> Sisk �ov�d tha�t CQUncil pl�c• Ordimm�►c* No. 11��, S�ri�s 2994, out <br /> !or public�tiari and swt a public h�arinq !ar Karch 1� 1994 <br /> S��and�rd by Howard. RoYl cdll w�s tak�n. Notion p�ss�d by a 7' - <br /> 0 vot�. <br /> P�:l3E�TA�IO![ — RGCaCY fL71►TB X.�CJ►L �11CT$ II�ITIIITIV! 199� BO� O� <br /> DIREC."1'O�Ad ,�iiD �'lRpCaA? OM' 19F3 ACTIVxTI� <br /> David�on •YCI� his+��lt sinc� h� is an �splvy�� o! Roci:y �'l�t�. <br /> H� turn�d th� r��t�nq ov�r to 1t�yar Prd-T�a Haward, <br /> Lathr4p •tat�d t2iat �n is93 th• RlLiI �aa oriqinated and witr on� <br /> •�at on a rot�tinq ba�i• rrith th� �unicipali�ia� of ec�uld�r, <br /> Lrtay�tt�, Loui�vill�, and Sup�riar, Louisvill� occupi�d th� <br /> rotatinq saat in 399] Thi• y��r Hauld�r viii. <br /> Tia }i��ton, Co-Dix�ctor o! th• RFLIY, stat�d th�t •inc� Oct�brr 1, <br /> 19Sr9, SO] Aocky Flat� smplay��s h�v� lstt th• pl�nt •it� <br /> voauntatl).y. Ju�C b�tor� th• holidays 2�7 r�c�lv�d layo!'t notic��. <br /> H� caea�nt�d th�t th� +�v�raq• vag• o! a Rocky fl+►t• xork�x i� <br /> � S9,0o0 aba�� th• M�tr�politan av�raq�, with th• •v�raq• waq• at <br /> Roc.ky E'l�ts b�inq S<i, �OC. Tt►• AFLII ir fn th� prac��s ot <br /> i����l���ntinq tvo �conor�.c car,v�rsior p1an�: <br /> � <br /> �^�._, 1._.�...,. �.. .titi•.t,.._, _k.i ,. ..� _ �_. _�vl:yy. ..vSr.� � �._�' � 3:�� r•�. tc�..iL �i.d+..�►�,•..°'�!� .�i _ . �•A . ��i ' �'i.�:.J �.rr _L <br />