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Home My WebLink About790416.tiff iv`9 y 889 Rot: at p 1 t )1�f R&clock r M �» C 51979 Rec. No...._..18111,E ! /) , ,tz State of Colorado, Weld County Clerk & Recorder P 1.1 EMERGENCY BOND ORDINANCE u WELD COUNTY, COLORADO INDUSTRIAL DEVELOPMENT REVENUE BOND (CASTLE REAL ESTATE COMPANY PROJECT) ADOPTED: NOVEMBER 28 , 1979 790416 181.1127 �°� 889 /51- TABLE OF CONTENTS (This table of contents is not a part of the Ordinance but is included for convenience only. ) Page ARTICLE ONE DEFINITIONS , LEGAL AUTHORIZATION AND FINDINGS Section 1 . 1. Definitions 1 Section 1 . 2 . Legal Authorization 2 Section 1. 3 . Findings 2 Section 1. 4 . Authorization and Ratification of Project 4 ARTICLE TWO BOND Section 2. 1. Authorized Amount and Form of Bond . . 4 Section 2. 2. The Bond 8 Section 2. 3 . Execution 8 Section 2. 4 . Delivery of Bond 8 Section 2. 5 . Issuance of New Bonds 9 Section 2. 6 . Registration of. Transfer 9 Section 2. 7 . Mutilated , Lost or Destroyed Bond 9 Section 2. 8 . Ownership of Bond 9 Section 2. 9 . Limitation on Bond Transfers 10 ARTICLE THREE REDEMPTION OF BOND BEFORE MATURITY Section 3 . 1. Redemption 10 Section 3 . 2 . Termination of Interest 10 ARTICLE FOUR GENERAL COVENANTS Section 4 . 1 . Payment of Principal and Interest 10 Section 4 . 2. Performance of and Authority for. Covenants 10 F:. ' 889 li Section 4 . 3 . Enforcement and Performance of Covenants 11 Section 4 . 4 . Nature of Security 11 ARTICLE FIVE MISCELLANEOUS Section 5 . 1. Severability 11 Section 5 . 2. Authorization to Execute Agreements 11 Section 5 . 3. Authority to Correct Errors, Etc. 12 Section 5. 4 . Further Authority 12 SIGNATURES 12 EXHIBIT A 1811127 '889 s y ORDINANCE NO. 62 AN ORDINANCE RELATING TO THE ISSUANCE OF AN INDUSTRIAL DEVELOPMENT REVENUE BOND UNDER THE PROVISIONS OF THE COLORADO COUNTY AND MUNICI- PALITY DEVELOPMENT REVENUE BOND ACT; PROVIDING FOR THE ISSUANCE AND SALE OF WELD COUNTY , COLORADO, INDUSTRIAL DEVELOPMENT REVENUE BOND (CASTLE REAL ESTATE COMPANY PROJECT) IN A PRINCIPAL AMOUNT OF $450 ,000 FOR THE PURPOSE OF LOANING FUNDS TO THE CASTLE REAL ESTATE COMPANY TO FINANCE IMPROVEMENTS AND REFINANCE OBLIGATIONS RELATING TO THE ACQUISITION, CONSTRUCTION AND INSTALLATION OF A KITCHEN CABINET MANUFACTURING FACILITY IN WELD COUNTY , COLORADO; APPROVING AND AUTHORIZING THE EXECU- TION OF A LOAN AGREEMENT BETWEEN CASTLE REAL ESTATE COMPANY AND THE COUNTY AND AN ASSIGN- MENT OF THE LOAN AGREEMENT; AND AUTHORIZING THE PREPARATION AND EXECUTION OF CERTAIN RELATED DOCUMENTS AND INSTRUMENTS. Be it ordained by the Board of County Commissioners of Weld County, Colorado: ARTICLE ONE • DEFINITIONS, LEGAL AUTHORIZATION AND FINDINGS 1. 1. Definitions The terms used herein, unless the context hereof shall require otherwise , shall have the following meanings , and any other terms defined in the Loan Agreement shall have the same meanings when used herein as assigned to them in the Loan Agreement unless the context or use thereof indicates another or different meaning or intent. (1) Act: The County and Municipality Development Revenue Bond Act, Article 3 , Title 29 , Colorado Revised Statutes 1973 , as amended. (2) Assignment of the Loan Agreement: The agreement to be • executed by the County and the Lender assigning the Loan Agree- ment to the Lender . (3) Bond: The $450 , 000 Industrial Development Revenue Bond (Castle Real Estate Company Project) , to be issued by the County pursuant to this Ordinance. (4) Bond Counsel: The firm of Kutak Rock & Huie, Denver , Colorado. (5) Bond Register : The records kept by the County of Weld to provide for the registration of transfer of ownership of the Bond; (6) Borrower : Castle Real Estate Company, a Colorado limited partnership, its successors and assigns , and anv sur- viving , resulting or transferee business entity which may assume its obligations under the Loan Agreement . 889 2 (7) County: Weld County, Colorado, its successors and assigns. (3) Improvements: The structures and other improvements, including any tangible personal property, to be constructed or installed on the Land in accordance with the Plans and Specifi- cations and to be owned by the Borrower . (9) Land: The real property and any other easements and rights described in Exhibit A attached to the Loan Agreement. (10) Lender : The Empire Savings , Building and Loan Asso- ciation in Denver , Colorado, its successors and assigns. (11) Loan Agreement: The agreement to be executed by the County and the Borrower , providing for the issuance of the Bond and the loan of the proceeds thereof to the Borrower , including any amendments or supplements thereto made in accordance with its provisions. (12) Mortgage. The Deed of Trust to be executed by the Borrower in favor of the Lender securing payment of the Bond and interest thereon. (13) Ordinance: This Ordinance of the County dated Novem- ber 28 , 1979 , together with any supplement or amendment hereto. (14) Plans and Specifications: The plans and specifica- tions for the construction and installation of the Improvements on the Land , which are approved by the Lender , together with such modifications thereof and additions thereto as are reason- ably determined by the Borrower to be necessary or desirable for the completion of the Improvements and are approved by the Lender . (15) Principal Balance: So much of the principal sum on the Bond as from time to time remains unpaid. (16) Project: The Land and Improvements as they may at any time exist. 1. 2 . Legal Authorization The County is a political subdivision of the State of Colorado and is authorized under the Act to finance the Project herein referred to, and to issue and sell the Bond for the purpose , in the manner and upon the terms and conditions set forth in the Act and in this Ordinance. 1 . 3 . Findings The Board of County Commissioners has heretofore deter- mined and found , and does hereby determine and find, as follows: (1) The County is authorized by the Act to enter into a Loan Agreement for the public purposes expressed in the Act and to assign its interest therein to the Lender pursuant to the Assignment of the Loan Agreement; (2) The County has made the necessary arrangements with the Borrower for the establishment within the County of a Project consisting of certain property more fully described in the Loan Agreement which will be of a char- acter and accomplish purposes contemplated by the Act , and the County has by this Ordinance authorized acquisition, O6- 1811127 ct) 889 /5- 6 3 construction , installation and financing the Project and the execution of the Loan Agreement , the Assignment of Loan Agreement and the Bond , which documents specify the terms and conditions of the acquisition, construction, installation and financing of the Improvements to be included in the Project; (3) In authorizing the Project the County' s purpose is , and in its judgment the effect thereof will be , the promotion of industry and development of trade and other economic activities within the County by inducing the Borrower to locate, expand or remain in the County, to mitigate the threat of unemployment and to secure and maintain a balanced and stable economy within the County; (4) The amount estimated to be necessary to par- tially finance the Project Costs, including the costs and estimated costs permitted by the Act , will require the issuance of the Bond in the principal amount of $450 , 000 as hereinafter provided; (5) It is desirable , feasible and consistent with the objects and purposes of the Act to issue the Bond , for the purpose of partially financing the purchase of the Improvements and the Land to be included in the Project; (6) The Bond and the interest accruing thereon shall never constitute the debt or indebtedness of the County within the meaning of any provision or limitation of the constitution or statutes of. the State of Colorado or the County' s Home Rule Charter and shall not constitute nor give rise to a pecuniary liability of the County or a charge against its general credit or taxing powers; (7) The Bond is an industrial development bond within the meaning of Section 103 (b) of the Internal Revenue Code and is to be issued within the exemption provided under subparagraph (A) of Section 103 (b) (6) of the Internal Revenue Code with respect to an issue of $1 ,000 , 000 or less; provided that nothing herein shall prevent the County from hereafter qualifying the Bond under a different exemption if , and to the extent, such exemption is permitted by law and consistent with the objects and purposes of the Project and the Act; (8) Pursuant to Sections 113 and 114 of the Act the County hereby determines that (a) the amount necessary in each year to pay the principal of and the interest on the Bond is $43 , 524 and the Loan Agreement requires such payments by the Borrower , (b) there is to be no reserve fund established for the retirement of the Bond or the maintenance of the Project , and (c) since the Loan Agree- ment provides that the Borrower shall maintain the Project and carry all proper insurance with respect thereto, no determination of the estimated cost of maintaining the Project need be made; (9 ) Pursuant to Section 120 of the Act , the County hereby determines that the revenues of the Borrower will be sufficient to, and that the Loan Agreement provides that the Borrower shall., pay all taxes which may be due and owing with respect to the Project; and (10) This is an emergency Ordinance which shall be effective immediately upon its passage and adoption, as 18:1112'7 4? 889 4s- 1 4 provided in Section 3-14 of the County' s Home Rule Char- ter . Public notice of this Ordinance shall be given forthwith. Without such a procedure, the referendum period following the approval of the financing of the Project by the County under its Home Rule Charter would not end before December 31 , 1979 , the date on which the Lender ' s commitment to purchase the Bond expires . This commitment is at 8-1/2% , a lower rate than that presently prevailing in the bond market. Without that rate , the Project might not be financially feasible and would be jeopardized. 1. 4 . Authorization and Ratification of Project The County hereby authorizes the Borrower to provide for the construction and installation of the Improvements to be included in the Project pursuant to the Plans and Specifica- tions by such means as shall be available to the Borrower and in the manner determined by the Borrower , and the County hereby ratifies , affirms and approves all actions heretofore taken by the Borrower consistent with and in anticipation of such au- thority and in compliance with the Plans and Specifications. ARTICLE TWO BOND 2 . 1 . Authorized Amount and Form of Bond The Bond issued pursuant to this Ordinance shall be in substantially the form set forth herein, with such appropriate variations, omissions and insertions as are permitted or re- quired by this Ordinance, and in accordance with the further provisions hereof; and the total principal amount of the Bond that may be outstanding hereunder is expressly limited to $450 , 000. The Bond shall be in substantially the following form: UNITED STATES OF AMERICA STATE OF COLORADO WELD COUNTY Industrial Development Revenue Bond (Castle Real Estate Company Project) • R-1 $450 ,000 FOR VALUE RECEIVED, WELD COUNTY, Colorado (the "County" ) hereby promises to pay to the order of The Empire Savings, Building and Loan Association, Denver , Colorado (the "Lender") , its successors or registered assigns, from the source and in the manner hereinafter provided, the principal sum of FOUR HUNDRED FIFTY THOUSAND DOLLARS ($450 ,000) (the "Principal Balance" ) , with interest thereon at the rate of eight and one-half percent (8-1/2%) per annum or at such higher rate as hereinafter provided, in any coin or currency which at the time or times of payment is legal tender for the payment of public or private debts in the United States of America, in accordance with the terms hereinafter set forth. 1 . (a) On the first day of the calendar month next succeeding the "Closing Date" (the date of delivery of the executed Bond) and or. the fi=st day of each and every month thereafter , the County shall pay a monthly installment gy �o° 889 is- 5 of Three Thousand Six Hundred Twenty-seven Dollars ( $3 , 627) , such sum being the sum necessary to amortize the principal amount of the Bond in three hundred (300) equal installments at an interest rate of eight and one-half percent (3-1/2%) per annum. Payments shall be applied first to interest due on the Principal Balance and thereafter to reduction of the Principal Balance. (b) If the interest on this Bond should become subject to federal or Colorado state income taxation pursuant to a "Deter- mination of Taxability" as that term is defined in Section 4 . 07 of the Loan Agreement hereinafter referred to and upon receipt by the Borrower hereinafter referred to from the Lender of notice of the Determination of Taxability, the interest rate shall be immediately increased to eleven and one-half percent (11-1/2%) per annum and each monthly installment thereafter payable shall be accordingly increased to a figure of $4 , 575 . 50 to amortize the remaining Principal Balance by the Final Matu- rity Date with interest at said increased rate; and in addition the County shall pay forthwith to the Lender , but solely from the revenues derived from the Loan Agreement, an amount of interest equal to the aggregate difference between (i ) the monthly payments theretofore made to the Lender on this Bond between the "Date of Taxability" as that term is defined in the Loan Agreement hereinafter referred to and the effective date of the rate increase and (ii ) the monthly payments which would have been made during such period if the increased rate had been in effect; all as provided in Section 4 . 07 of the said Loan Agreement. (c) On the first day following fifteen (15) years after the Closing Date (such date to be the "Final Maturity Date" ) , the entire remaining Principal Balance and any interest accrued to the Final Maturity Date shall be due and payable. 2. Interest shall be computed on the basis of a 360 day year , but charged for the actual number of days principal is unpaid . 3 . If any payment on this Bond is not made in full within ten (10) days after the the date thereof , the Lender • Amay, at his option, assess and collect , and the County shall pay , a service charge of one-tenth (1/10) of one percent (1%) . of the then unpaid principal balance of this Bond for each month for which such payment is delinquent. If such default continues beyond the due date of the next monthly installment , or if there is a default under the Mortgage or the Security Agreement securing this Bond , the Lender may declare the entire indebtedness due and payable without notice , which indebtedness shall thereafter bear interest at a rate of two percent (2%) per annum above the previously effective face rate of. this Bond . This paragraph 3 is intended to apply to the final payment on the Bonds described in subparagraph 1 (c) above as well as the monthly amortization installments. 4 . Principal and interest and any penalty or premium due hereunder shall be payable at the principal office of the Lender , or at such other place as the Lender may designate in writing . This Bond is issued by the County to provide funds for a Project , as defined in. Section 103 of Article 3 , Title 29 , Colorado Revised Statutes 1973 , as amended (the "Act" ) , consisting of the acquisition and construction of a : tchen cabinet manufacturing facility on real estate located in the Count_, pursuant to a Loan Agreement between the County and r., s clP e) 889 is-y 6 Castle Real Estate Company (the "Borrower") (the "Loan Agree- ment" ) , and , further , this Bond is issued pursuant to and in full compliance with the Constitution and laws of the State of Colorado, particularly the Act, the County' s Home Rule Charter and an ordinance of the Board of County Commissioners duly adopted on November 28 , 1979 (the "Ordinance" ) . 6 . This Bond is secured by (a) an assignment of the Loan Agreement by the County to the Lender , (b) a Deed of Trust from the Borrower as grantor , in favor of the Lender (the "Mort- gage" ) , (c) a Security Agreement under the Uniform Commercial Code , and (d) an Assignment of Leases and Rents from the Borrower to the Lender (the "Assignment of Leases and Rents" ) . This bond is subject to all the terms , conditions and provi- sions thereof . 7 . The Lender may extend the times of payments of inter- est and/or principal or any penalty or premium due on this Bond, including the date of the Final Maturity Date, without notice to or consent of any party liable hereon and without releasing any such party. However, in no event may the Final Maturity Date be extended beyond forty (40) years from the date hereof . 8 . The County may prepay all or a portion of the Princi- pal Balance at any time upon thirty (30) days ' written notice to the Lender , provided that the prepayment includes at least ninety (90) days ' interest on the amount prepaid, as a pre- mium. No partial prepayment shall change the amount or extend the time of payment of any installment payable hereunder . 9 . This Bond is further subject to prepayment, without a premium, in whole or in part , upon the occurrence of certain events of damage to, or destruction or condemnation of the Project as specified in the Loan Agreement , the Mortgage and the Ordinance. 10 . The monthly payments due under paragraph 1 hereof shall continue to be due and payable in full until the entire Principal Balance and accrued interest due on this Bond have been paid regardless of any partial prepayment made hereunder . 11. As provided in the Ordinance and subject to certain • limitations set forth therein, this Bond is transferable upon the books of the County at the office of the County Clerk , by the Lender in person or by his agent duly authorized in writ- ing , at the Lender ' s expense, upon surrender hereof together with a written instrument of transfer satisfactory to the County Clerk, duly executed by the Lender or his duly author- ized agent. Upon such transfer the County Clerk will note the date of registration and the name and address of the new regis- tered Lender in the registration blank appearing below. The County may deem and treat the person in whose name the Bond is last registered upon the books of the County as the absolute owner hereof , whether or not overdue, for the purpose of re- ceiving payment of or on the account of the Principal Balance , redemption price or interest and for all other purposes , and all such payments so made to the Lender or upon his order shall he valid and effective to satisfy and discharge the liability upon the Bond to the extent of the sum or sums so paid , and the County shall not be affected by any notice to the contrary. 12 . THIS BOND AND INTEREST THEREON AND ANY PENALTY OR PREMIUM DUE HEREUNDER ARE PAYABLE SOLELY FROM THE REVENUES AND PROCEEDS DERIVED FROM THE LOAN AGREEMENT, THE MORTGAGE AND THE b00, 889 181112' 7 ASSIGNMENT OF LEASES AND RENTS, AND SHALL NEVER CONSTITUTE THE DEBT OR INDEBTEDNESS OF THE COUNTY WITHIN THE MEANING OF ANY PROVISION OR LIMITATION OF THE STATE CONSTITUTION, STATUTES OR THE COUNTY ' S HOME RULE CHARTER, AND SHALL NOT CONSTITUTE NOR GIVE RISE TO A PECUNIARY LIABILITY OF THE COUNTY OR A CHARGE AGAINST ITS GENERAL CREDIT OR TAXING POWERS. 13. It is agreed that time is of the essence in the performance of this Bond. In the event of failure by the County to pay when due any monthly installment of principal or interest or any premium or penalty due hereunder , or if an Event of Default shall occur , as set forth in the Loan Agree- ment , then the Lender shall have the right and option by writ- ten notice to the County and the Borrower to declare the Prin- cipal Balance and accrued interest thereon immediately due and payable. Failure to exercise such option at any time shall not constitute a waiver of the right to exercise the same at any subsequent time. 14. The remedies of the Lender , as provided herein and in the Mortgage, the Security Agreement, the Assignment of Leases and Rents and the Loan Agreement, are not exclusive and shall be cumulative and concurrent and may be pursued singly, succes- sively or together , at the sole discretion of the Lender , and may be exercised as often as occasion therefor shall occur ; and the failure to exercise any such right or remedy shall in no event be construed as a waiver or release thereof . 15. The Lender shall not be deemed, by any act of omis- sion or commission, to have waived any of its rights or reme- dies hereunder unless such waiver is in writing and signed by the Lender , and then only to the extent specifically set forth in the writing. A waiver with reference to one event shall not be construed as continuing or as a bar to or waiver of any right or remedy as to a subsequent event. 16. This Bond has been issued without registration under state or federal or other securities laws , pursuant to an exemption for such issuance; and accordingly the Bond may not be assigned or transferred in whole or part, nor may a partici- pation interest in the Bond be given pursuant to any participa- tion agreement, except in accordance with applicable registra- . " 7tion requirements or an applicable exemption from such regis- tration requirements. IT IS HEREBY CERTIFIED AND RECITED that all conditions , acts and things required to exist, happen and be performed precedent to or in the issuance of this Bond do exist , have happened and have been performed in regular and due form as required by law. IN WITNESS WHEREOF, the County has caused this Bond to be duly executed in its name by the manual signatures of the Chairman of the Board of County Commissioners and the County Clerk has caused the corporate seal to be affixed hereto, and has caused this Bond to be dated December 31 , 1979 . COUNTY OF WELD, COLORADO [ SEAL] , •. . ! At. 6tiVI L i ? �^ Chairman o f the.. Board of County Clerk / County Commissioners ,1 Cep z✓u • i 889 / 5-1/ s PROVISIONS AS TO REGISTRATION The ownership of the unpaid Principal Balance of this Bond and the interest accruing therecn is registered on the books of the County of Weld , Colorado, in the name of the holder last noted below. Date of Name and Address Signature of Registration of Registered Owner County Clerk or Deputy 2. 2. The Bond The Bond shall be payable at the times and in the manner , and shall be subject to such other terms and conditions as are set forth in the form thereof included as Section 2. 1 of this Ordinance. The net effective interest rate on the Bond shall not exceed 13 . 0% per annum, unless there shall have been a "Determination of Taxability, " in which case the net effective interest rate on the Bond shall not exceed 13 . 0% per annum. Subject to the foregoing , the Bond shall bear interest at the rate set forth in the form thereof included as Section 2 . 1 of this Ordinance. 2. 3 . Execution The Bond shall be executed on behalf of the County by the signatures of the Chairman of the Board of County Commissioners and the County Clerk and shall be sealed with the seal of the County. In case any officer whose signature shall appear on the Bond shall cease to be such officer before the delivery of the Bond , such signature shall nevertheless be valid and suffi- cient for all purposes , the same as if he had remained in office until delivery. 2. 4 . Delivery of Bond Before delivery of the Bond there shall be filed in the office of the County Clerk the following items: (1) an executed copy of each of the following documents : (A) the Loan Agreement and Assignment of the Loan Agreement; (B) the Mortgage; (C) the Assignment of Leases and Rents; and (D) the Security Agreement under the Uniform Commercial Codes (2) an opinion of Counsel for the Borrower in scope and substance satisfactory to Bond Counsel as to the authority of the Borrower to enter into the transaction and other related matters; P 889 1811127 /5- /2_ 9 (3) the opinion of Bond Counsel as to the validity and tax exempt status of the Bond; (4 ) such other documents and opinions as Bond Coun- sel may reasonably require for purposes of rendering its opinion required in subsection (3) above or that the Lender may require for the closing. Subject to the terms of the Lender ' s letter to the Board of County Commissioners of Weld County and others dated January 9 , 1979 , upon delivery of the Bond, the Lender , on behalf of the County, shall pay certain issuance costs, including attor- neys ' fees and the County' s expenses , and shall pay the balance of the purchase price of the Bond to the Borrower , who shall use such moneys as partial payment of the purchase price of the Project. 2 . 5 . Issuance of New Bonds Subject to the provisions of Section 2 . 9 , the County shall , at the request and expense of the Lender , issue new Bonds , in aggregate outstanding principal amount equal to that of the Bond surrendered, and of like tenor except as to number , principal amount and the amount of the monthy installments payable thereunder , and registered in the name of the Lender or such transferee as may be designated by the Lender . 2 . 6 . Registration of Transfer The County will cause to be kept at the office of the County Clerk a record of the Bond or Bonds outstanding and on which, subject to such reasonable regulations as it may pre- scribe , the County shall provide for the registration of trans- fers of ownership of the Bond . The Bond shall be transferable by the Lender in person or by its attorney duly authorized in writing, upon surrender of the Bond together with a written instrument of transfer satisfactory to the County Clerk , duly executed by the Lender or its duly authorized agent. Upon such transfer the County Clerk shall note the date of registration and the name and address of the new Lender in such record and in the registration blank appearing on the Bond. 2 . 7 . Mutilated, Lost or Destroyed Bond In case any Bond issued hereunder shall become mutilated or be destroyed or lost , the County shall , if not then prohib- ited by law, cause to be executed and delivered, a new Bond of like outstanding principal amount , number and tenor in exchange and substitution for and upon cancellation of such mutilated Bond , or in lieu of and in substitution for such Bond destroyed or lost, upon the Lender ' s paying the reasonable expenses and charges of the County in connection therewith , and in the case of a Bond destroyed or lost , the filing with the County of evidence satisfactory to the County that such Bond was des- troyed or lost , and furnishing the County with indemnity satis- factory to it. If the mutilated , destroyed or lost Bond has already matured or been called for redemption in accordance with its terms it shall not be necessary to issue a new Bond prior to payment. 2 . 8 . Ownership of Bond The County may deem and treat the person in whose name the Bond is last recorded as the absolute owner of such Bond for the purpose of making payment of or on account of the Principal a8fl ht 27 cfr 889 /5"-- .R2 10 Balance , redemption price and interest and for all other pur- poses whatsoever , and the County shall not be affected by any notice to the contrary. 2 . 9 . Limitation on Bond Transfers The Bond has been issued without registration under state or other securities laws , pursuant to an exemption for such issuance; and accordingly the Bond may not be assigned or transferred in whole or part , nor may a participation interest in the Bond be given pursuant to any participation agreement, except in accordance with applicable registration requirements or an applicable exemption from such registration requiements. ARTICLE THREE REDEMPTION OF BOND BEFORE MATURITY 3 . 1 . Redemption (1) In the event of damage to or destruction of the Project or condemnation of the Project or any part thereof , the Bond shall be subject to prepayment to the extent and in the manner set forth in Section 5 . 02 of the Loan Agreement and in the Mortgage. (2) The Bond may be otherwise prepaid in accordance with the provisions of the Bond. 3 . 2 . Termination of Interest Upon payment of the redemption price or any prepayment with the Lender and the giving of requisite notice, the princi- pal amounts prepaid shall, after such date, cease to bear interest. ARTICLE FOUR GENERAL COVENANTS 4 . 1. Payment of Principal and Interest • The County covenants that it will promptly pay or cause to • be paid the principal of and interest on the Bond at the place , on the dates , from the source and in the manner provided herein and in said Bond. The principal and interest are payable solely from and secured by revenues and proceeds derived from the Project and payable pursuant to the Loan Agreement , the Mortgage and the Assignment of Leases and Rents, which revenues and proceeds are specifically pledged to the payment thereof in the manner and to the extent specified in the Bond , the Loan Agreement , the Mortgage and the Assignment of Leases and Rents; and nothing in the Bond or in this Ordinance shall be consid- ered as assigning, pledging or otherwise encumbering any other funds or assets of the County. 4 . 2 . Performance of and Authority for Covenants The County covenants that it will faithfully perform at all times any and all covenants , undertakings , stipulations and provisions contained in this Ordinance, in the 3ond executed, authenticated and delivered hereunder and in all proceedings of the Board of County Commissioners pertaining thereto; that it d_;l.y authorized under the Constitution and laws of the .State of Colorado, including particularly and without limitation the 4 ecr 889 1811127 11 S-14/ Act , to issue the Bond authorized hereby, pledge the revenues and assign the Loan Agreement in the manner and to the extent set forth in this Ordinance , the Bond and the Loan Agreement and Assignment of Loan Agreement; that all action on its part for the issuance of the Bond and for the execution and delivery thereof has been duly and effectively taken; and that the Bond in the hands of the Lender is and will be a valid and enforce- able obligation of the County according to the terms thereof . 4 . 3 . Enforcement and Performance of Covenants The County agrees to perform all covenants and other provisions pertaining to the County contained in the Bond and the Loan Agreement. 4 . 4 . Nature of Security Notwithstanding anything contained in the Bond, the Mort- gage , the Assignment of Leases and Rents , the Loan Agreement or any other document referred to in Section 2 . 4 of this Ordin- ance , the Bond shall never constitute the debt or indebtedness of the County within the meaning of any provision or limitation of the constitution or statutes of the State of Colorado or the County' s Home Rule Charter and shall not constitute nor give rise to a pecuniary liability of the County or a charge against its general credit or taxing powers; but nothing in the Act impairs the rights of the Lender to enforce the covenants made for the security of the Bond as provided in this Ordinance , the Loan Agreement, the Mortgage , the Assignment of Leases and Rents and in the Act , and by authority of the Act the County has made the covenants and agreements herein for the benefit of the Lender ; provided that any agreement of the County to per- form or enforce the covenants and other provisions contained in the Bond and the Loan Agreement shall he subject at all times to the availability of revenues under the Loan Agreement suf- ficient to pay all costs of such performance or the enforcement thereof , and the County shall not be subject to any personal or pecuniary liability thereon. ARTICLE FIVE MISCELLANEOUS 5 . 1. Severability If any provision of this Ordinance shall be held or deemed to be , or shall , in fact, be , inoperative or unenforceable as applied in any Particular case in any jurisdiction or jurisdic- tions or in all jurisdictions or in all cases because it con- flicts with any provisions of any constitution or statute or rule or public policy, or for any other reason, such circum- stances shall not have the effect of rendering the provision in question inoperative or unenforceable in any other case or circumstance , or of rendering any other provision or provisions herein contained invalid , inoperative or unenforceable to any extent whatever . The invalidity of any one or more phrases , sentences , clauses or paragraphs in this Ordinance shall not affect the remaining portions of this Ordinance or any part hereof . 5 . 2 . Authorization to Execute Agreements The forms of the proposed Loan Agreement and the Assign- ment of Loan Agreement are hereby approved in substantially the form presented to the Board of County Commissioners; and the 889 1811127 12 Chairman of the Board of County Commissioners and the County Clerk are authorized to execute the Loan Agreement and the Assignment of Loan Agreement in the name of and on behalf of the County and such other documents as Bond Counsel considers appropriate in connection with the issuance of the Bond. In the event of the absence or disability of the Chairman of the Board of County Commissioners or the County Clerk, such offi- cers of the County as , in the opinion of the County Attorney, may act in their behalf , shall without further act or authori- zation of the Board of County Commissioners do all things and execute all instruments and documents required to be done or executed by such absent or disabled officers. 5 . 3. Authority to Correct Errors , Etc. The Chairman of the Board of County Commissioners and the County Clerk are hereby authorized and directed to make or agree to any alterations , changes or additions in the instru- ments hereby approved as the Chairman of the Board of County Commissioners and County Attorney deem necessary or proper to accomplish the purposes of this Ordinance, the signatures of the Chairman and the County Clerk on the instruments to be conclusive evidence of such approval; provided, however, no alteration, change or addition shall be made which shall alter the maximum net effective interest rate, denomination, date, maturities , form, interest rates , registration privileges , manner of execution, places of payment or terms of redemption of the Bond or which shall increase the aggregate principal amount of the Bond authorized by the Board or in any way give rise to a pecuniary liability of the County or a charge against its general credit or taxing powers with respect to the Bond. 5 . 4 . Further Authority The Chairman of the Board of County Commissioners and the County Clerk and other proper County officials , and each of them, are hereby authorized to execute and deliver for and on behalf of the County any and all additional certifictes , docu- ments and other papers and to perform all other acts they may deem necessary or appropriate in order to implement and carry out the matters herein authorized. • 5 . 5 . Declaration of Emergency The Board of County Commissioners of Weld County, Colorado, pursuant to Section 3-14 (6) of the Weld County Home Rule Charter , does hereby declare, for the reasons given in the body of this Ordinance , this to be an emergency ordinance under said provisions of the Weld County Home Rule Charter . The above and foregoing Ordinance No. 62 was , on motion duly made and seconded, adopted by the following vote on the 28th day of. November , A.D. , 1979. BOARD OF COUNTY COMMISSIONERS ATTEST: �' ELD COUNTY, COLORADO •✓n f tfit,ct-AiM Weld County Jerk and _, Recorder and Clerk to �" O the Board / c ()/r2 e X/.C�.,42.1" BY: Deputy County Clerk /� 1 O D AS TO FORM: �p d /� A/ So ;�/iJ irend-r C^,,rty Attorney DATE PUBLISHED: DECEMBER 13, 1979 in the Platteville Herald DATE, PRESENTED: HOVE RER 28, 1979 • • �. 1d LEADER-IIERALD December a._ t979 Page 17 , /t',.• ' Legal Notices Affidavit of Publication EMERGENCY LD ORDINANCETY,C WELD E BONEN REVENUE DEVELOPMENT REVENUE BOND (CASTLE REAL ESTATE COMPANY PROJECT) s -- ADOPTED:NOVEMBER 28,1979 STATE OF COLORADO, ) TABLE OF CONTENTS 55. (This table of contents is not a part of inebrdlnsnce but is Included County of Weld, for convenience only.) Page ARTICLE ONE ` g') DEFINITIONS,LEGAL AUTHORIZATION 1, cl- ^s--- I4'1,1` of AND FINDINGS ii Section 1.1. Definitions I said County of Weld, being duly sworn, say that Section 1.2. Legal Authorization 2 I am publisher of Sections 1.3. Findings 2 �Olrci/.(t rc,ce Y/�,.toe Sections 1.0. Authorization ant Ratification of ...Project 4 I�J/A4G 'ILYCb.___.. _-.._ ARTICLE TWO that the same is a weekly newspaper of general BOND circulation and printed and published in the Section 2.1. Authorization Amount and Form of Bond 4 1 Section 2.2. The Bond C�.:/ Section 2.3. Execution 1 8 town of _9.cC -.,LL!'tv'� Section 2.4. Delivery of Bond 0 in said county and state; that the notice or oSection 2.5. Issuance of New Bonds 9 dvery Section 2.6. Registration of Transfer 9 tisement, of which the annexed is a true copy, section 2.7. Mutilated, Lost or Destroyed Bald 9 has been published in said weekly newspaper Section 2.8. Ownership of Bond 9 Section 2,9. Limitation on Bond Transfers 10 for -. / consecutive ARTICLE THREE REDEMPTION OF BOND BEFORE MATURITY weeks; that the notice was published in the Section 3 to .2. Re regular and entire issue of every number of said Section 3.2. ation Termination of Interest It ARTICLE FOUR newspaper during the period and time of pooh GENERAL COVENANTS cation of said notice and in the newspaper Section 4.1. Payment of Principal and Interest 10 proper and not in a supple:nent thereof; that the Section 4.2. Performance of and Authority for.Covenants 10 first publication of said notice was contained in section 4.3. Enforcement and Performance of the fiilssue of said newspaper bearing date. the ...Covenants Ii _/V day of __ham{ ((,�'' section 4.4. Nature of Security i ez'i; 24t.C.% , A.D., 19 7/; ARTICLE FIVE MISCELLANEOUS and the last publication thereat, in the issue of Section 5.1- Severability II said newspaper bearing date, the /33 day ci section 5.2. Authorization to Execute Agreements II ` Section 5.3. Authority to Correct Errors, Etc. 12 f%('t.2 4LL_i 19 /f/; that the said section 5.4. Further Authority 12 SIGNATURES t,(CA11.1(+ a:-•.(.CC_ risk,'u.4i—S— EXHIBIT A tx� �}[ /fie Vl. C.,:c1-_Xi,Ca't ORDINANCE NO.62 has been published continuously and uninterrup6 AN ORDINANCE RELATING TO THE ISSUANCE OF AN INDUSTRIAL DEVELOPMENT REVENUE BOND UNDER THE edly during the period of at least fifty-two con- PROVISIONS OF THE COLORADO COUNTY AND MUNICIPALITY secuhve weeks next prior to the first issue thereat DEVELOPMENT REVENUE BOND ACT; PROVIDING FOR THE ISSUANCE AND SALE OF WELD COUNTY, COLORADO, containing said notice or advertisement above INDUSTRIAL DEVELOPMENT REVENUE BOND(CASTLE REAL referred to; and that said newspaper was at the ESTATE COMPANY PROJECT) IN A PRINCIPAL AMOUNT OF S450,000 FOR THE PURPOSE OF LOANING FUNDS TO THECASTLE time of each of the publications of said notice, REAL ESTATE COMPANY TO FINANCE IMPROVEMENTS AND duly qualified for that purpose within the mean- REFINANCE OBLIGATIONS RELATING TO THE ACQUISITION, CONSTRUCTION AND INSTALLATION OF A KITCHEN CABINFT ing of an act, entitled, "An Act Concerning Legal ,MANUFACTURING FACILITY IN WELD COUNTY, COLORADO, Notices, Advertisements and Publications, and APPROVING AND AUTHORIZING THE EXECUTION OF A LOAN AGREEMENT BETWEEN CASTLE REAL ESTATE COMPANY AND the Fees of Printers and Publishers thereof, and THE COUNTY AND AN ASSIGNMENT OF THE LOAN AGREE- to Repeal all Acts and Parts of Acts in Conflict MENT: AND AUTHORIZING THE PREPARATION AND EXECU- TION OF CERTAIN RELATED DOCUMENTS AND INSTRUMENTS. with the Provisions of this Act." approved April 7, Be if ordained by the Board of County Commissioners of Weld 1921, and all amendments thereof, and particu- County, Colorado: ARTICLE ONE larly as amended by an act approved, March 30. DEFINITIONS,LEGAL AUTHORIZATION AND FINDINGS • 1923, and an act approved May 1 1931. i.i. Definitions CatLet/ The terms used herein, unless the context hereof shall require otherwise, shall have the n shall lmeanings,the and any other ni terms w del the Loan Agreement to teshe h have n same meanings e used hereini as assignedi them In the Loan Agreement unless the Pub her context ort:use thereofmy and Mu another or different ment ning r intent. /� ..t II Act: The County and Municipality Development Revenue Bond Subscribed d sworn to before me this Act. Article 3, Tine 29, Colorado wised Statutes 1973, as amended. 9QJ- .(21 Assignment of the Loan Agreement: The agreement to be day of _ �. X/ A D 19 6 executed by the County and the Lender assigning the Loan Agreement -"' _ry to the Lender. (31 Bond: The $450,000 Industrial Development Revenue Bond �%��"�� f/� /j'/ (Castle Real Estate Company Project), t0 be issued by the County „�iZ�dj, 4 e/ f%C-+C/ ,///(j'60I1e Bo to this Ordinance. O / (4)Bond Counsel:The firm 01 Kutak Rock B Hole,Denver,Colorado. - // — / _fez_ (5)Bond Register.The records kept by the County of Weld to provide My commission expires d for the registration of transfer of ownership of the Bond; (61 Borrower: Castle Real Estate Company, a Colorado limited • Notary Public partnership,its successors and assigns,and any surviving,resulting or transferee business entity which may assume its obligations under the Loan Agreement. OI County: Weld County, Colorado, its successors and assigns. (81 Improvements: The structures and other improvements, including any tangible personal property,to be constructed or installed on the Land in accordance with the Plans and Specifications and to be owned by the Borrower. FP y (9) Land: The real property and any other easements and rights described in Exhibit A attached to the Loan Agreement. ' 110)Lender:The Empire Savings;Building and Loan Association in Denver. Colorado,its successors and assigns. (III Loan Agreement: The agreement to be executed by the County and the Borrower,providing for the issuance of the Bond and the lean of the proceeds there( to the Borrower, including any amendments'di' • supplements thereto made in accordnace with its provisions. -_ (12)Mortgage.The Deed of Trust to be executed by the Borrower hi' favor of the Lender securing payment of the Bond and interest thereon. (131 Ordinance: This Ordinance of the County dated November 25, 1179,h seiner with any supplement or amendment hereto. (It) I cansand Specifications: The plans and specifications for thee''.. construction and installation of the improvements on the Lad,which are approved by the Lender,together with such modifications then* andadditions thereto as are reasonably determined by the Borrowertl: be necessary or desirable for the completion of the Improvements and ' are approved by the Lender. (1S)Principal Balance:So much,of the principal sum on the Bond at horn time to time remains unpaid. I IS)Project: The Land and Improvements as they may at anytime exist. I.). Legal Authorization _ The County is a political subdivision of the pate of Colorado had Is ' evlberiaed under the Act to finance the Project herein reffered to,and to issue and sell the Bend,or the purpose,in the manner and upon the - terms and conditions set forth in the Act and in this Ordinance. 1.),Findings The Board of County Commissioners has heretofore determined and Mad,end does hereby determine and find,as.follows: (1) The County is authorized by the Act to enter into a Lean ' Agreement for the public purposes expressed-in the Act and to assign its interest therein to the Lender pursuant to the Assignment of the loan Agreement; - ' (21 The County has made the necessary arrangements With...the Borrower for the establishment within the County Of a Protect- consisting of certain property more fully described in the tall Agreement which will be of a character and accomplish purpeeb cowlemplated by the -Act, and the County has by this Ordnance authorized acquisition, construction, Installation and financing the Prefect and the execglion of the Loan Agreement,the Assignment Of Lean Agreement and Me Bond,which documents Specify the terms and ceadiNMs of the acquisition,construction;installation and financing of. the improvements to be included in the Protect;. (31 In authorizing the Project the County's purpose is,and M Its ' lodemeet the effect thereof will be, the promotion of industry and development of trade end other economic activities within the County by inducing the Borrower to locate,expand or remain in the County,IS • mitigate the threat of unemployment and to secure and maintains' baleacgd and stable economy within the Canty; (41 The amount estimated to be necessary to partially finance the Protect Costs,including the costs and estimated costs swindledey the - Act,will require the issuance of the Bond in the,principal amount o4. Mp,1M as hereinafter provided; IS) ft is desirable, feasible and Consistent with the (Meat and ' purposes of the Act to issue the hand, for the purpose of partially financing the purchase of the Improvements and the Land Mbar included in the Project; - (6)The Bond and the interest accruing thereon shall never comfOlte the debt or indebtedness of the County within the meaning et any � CONTINUED ON PAGE 1S 4p .iliru s > ally. .,. ;Aid w astir" tit f .. p[ o_iv .: Ali Meat m r SW BlVe St t lriSteik T"P ,.�,1„,.,u.,..,. _:.3w,Illaitt - M(7 aa6Nalik N`- 4,7*.': �.�..,:.r fa4/Mt !eaten IH Cl)ilms 1 - CAM. ''k ' *Min = , M Aida, Beesp n . neRgnMied �.. . . . _'^ ' (N{f) i ,: aeea . ' M the InlafmN RMemise pie -.,„04., er r .Handily ions grN1ded Mot aay1M, MFNn ` rs ''.. iawM►piNY Ba7aMer NNftMNya Balk y11MAM YIAa -• =let,sods sxaill i fo P;Matmd M tOw Wit Ira' - • PENALTY NOS awn of Oho s Pr'ete t Sid*their r•^ _.SDI.YLY.PROM.. S) Peliani m Section Sectio 113 and 1m if attegitt illitalltenerefey � a '- : B.LOAN rnain s M th Mat(s) e amount MNssary it del tatngsi of ip and the interest en as Bad is sio as Lien s " - IT 4 VIN THE - Agreementd went lunn slNaSed let y!the �. Ns p,owns IYOae Prod,aerrMasceIMlagaN �►...... . .: ES TALE theINNlaacfNMMleLaed(at 1W Pn4.AM •that the Barnwer shah ads non t tg'ekeet ''° ;NI.irn st . "' '"' !R SE TO A of ance with respect lhanle,Ml *Ides set 5_, _-. z' RLHARGE 'a maintaining top MUiI meg M nader le)Pursuant m riiwr MI,top .Agier/Leet' ,-�' '�MIiNM maimis Agreement pWaN/M Bahe*F VA sbeit -*hick may _ N dand owinprovig that the*FS*Pru$ctay yetiah may y: ,k y Prelm fee he as phi owing x111 reeved al ms nit mid* .s` . d In the Leen (m) This is upon tsmesaag.Y OtiMrlen. =lf effectiveofwritten *1 Csuitety upon Rule Charter. Jr* 'a BAl hiMlpU the County's Herne Rule Clatter. NRe. ako be given forthwith.Without seek areceslfgr as Pried: -..r.. -.'....- a dent... i wa1vN . . foolao Home et Rule Charier a tat adigeten in :.Bent,,flit, ""E ` - -e under toits o chi pant,.'s cep M1 ant Is ,at, end 1. _ hd'-^a end'Is 1�„ the mat a whim ih LeNerh at percent, l Sa-Bile ox n .N wan expires.ssnit This awmlmIsnl is at at et,ea a yen that "-` s and shall_. 1 Present*Prevailing in the boa market.UAlhgek Pretend - .,Successivelyled mpa not he tinonc,*RY feMhN wed errs++x teeP i, ' w). e m ewElsa 1.4.AUMorizHlpn and Ratilleafla N Protest • as a Wi1vr Tst Coeur* h.riby ae w the construction installationaes of I-plenaLS am the - .; rfsl id,eNmsan Proud pursuant to the Plaid aid specHNsalsis _ hirin shall be available to Melorreweraaam*0fetmers - AT The •' - --;¢ Borrower,end th.County hereby ratifies, alt' - R ,- •, wmanors actions heretofore taken by flu Sorrow., a a _ or asa tnet anctpotion a sum auf)arity ana M cothNlaee ana d Y' 1°^� . Specifications. _ 'e *..:e rte^'- iYaM^ e a ARTICLETWO s ^: '•+r «traesl 5.1.AutherDa Amwmt and Form N Sand a+ f he The Bond Issued pursuant,*this Ordinance Shell - n' ' �4 ifecerdince the form set arm herein,with such a s `'- - *-4."._Z`" *'' Mien AMY and insertions as aro pormined or required this. and in accordance with the links,previsiaa W�aNya principal x .�-.i sa.aN.m,iiy amour N the Bad mat mad W shall be n su _*faD _ hr it have limited to fea,eif. TM Bond W m su �.*. + ". form: ,x-+ ... mil have NaPe UNITED STATES OF AmBRICA ^"' ear �+-� '' '� STATE OF COLORADO _* s s ._Bra one IN WELDCOUNTY •`, a has Causal r Industrial Development Revenue .- » 's,,,y, tit Bor en (Cast,*Real Estate CsmpaaY f w.w a ,y. R-1 SSIO FOR VALUE RECEIVED, WELD COUNTY, caters* (the 2.:,,,. - syiMneanO"s e . "County") hereby promises to Ply to IW Meer.of The Empire e '" Saving, Building end Loan Association, Denver' rade(th, s - r �. t • t lialrown*„„,inkIS BN. "Linder"),is succesars a registered assign,fronpaeirrc,and in (SEALS.:= ' x '", i ,;,r, 1 ITN-- me tomaisslmiq manor *rowan* provided, the praapel aver_of FOUR HUNDRED FIFTY THOUSAND DOLLARS( Pf scipal Balance"), with interest thereon at fop rate el .Ilan eaahati ( 'M -( $" heti.'-"T Percent (iyr%) per annum or al such hire , MnaNM, ^. -a& d provide,in any Can Or currency whi0NAe maser, pgymiat Is legal tender for the tawniest*Pahllc or' '�Z4`.s# - 'r" -sr States el America,in scterdancs with the `"SRN ter*. - a yr„a3, -.7-4-.).-It i1MC BwainB q 1. (a)Oil the lint day of top calendar <. the a'•q I - its ..-a9'x. .'M-T d1 "Closing Date"OM dam of detWayof Ills aaAMNa 't first day a ash and every month thereat*, ,'aS W Para • "�'„"^``+� F .,,, + 1y Chet* monthly installment el Thee Tlnsonnd�. ` -Seven r,-, .,x' . -fl",-,,c1 Dollars(S3,i07),such sum being tau sent a 11N ,, principalamamH of the Bamlathree lnamndred(Bite _ p"' �r 1v� z` ₹ _ ` et an intent rate a elgiH and one.Nalf t annum. °`l. k ••� payments shell beapliedflrstm inrkrotasel . *Hamm *,"' --.r..„.* - - ,may .; and theroniter,*ridueten a tea Piaalral. - - (oLlf the intent a tkh Sala =£,:: . err , Colorado stag tnco term is ten of Taaaau*" as that term is d _ -- - - iarth Agreement hereinafter reamed I. B upon '" hereinafter referred toirem It. M N: +f of Tasaalihy,Aainteristratit Pan as one-half percent(11"i%)per and . . _ ed <A.a.. thereafter payable shell A•.. StifLq to ameHw Me' Neal r - .y,z Maturity Date with interest et mid _Canny ..Ms . ._ the ibmatures Mrived bent—the Lean A .Y rout lintr N�w��al� aggregate difference twins(ii Viet " '"L' „ rue any of ice made toInn Mode.on min Send . ilia •as -„ ez „ �:ap thesenfeNN Iketiala. rlemaAsmiflM se . ' y.. nwaaa/m Seth rail*nom Na aaRa. AIM Bt had . ., been m afflicafflict; NI e all pia Agreement + fi:W At)cs sf Ye". fi.. (C)US1)R 111ftS?l_t.MMyMNrr.)Y)Iris!!/S -:toe gin'to Ins�. NI SK eMMMTiMesM#lW4M10 Oa PS°, �1a 1 z6 �' Y -taws,«H- mi ,blot *um•L �^ *tits sn.sl n"' .. '14 ' ' PMY.s.WV4OM ..k Y a�.�n yu -O5. • �3 N�r lie titt"cedar 1k. « er,Its " • v M sl •, .,ai .' « ys at 1M)/ YMN PR s B. N ,; Y ac sf , 3,:In s Ih11dy151 I5 5, .C..- n4 1 N'rU{y re,4..•.T•ST• x •' tls Asaw.woll -,4- � if.}3 ," e fP 3 � '` g AMA' i G�Il • S Sri s�y a4 - .. 1M cmtis , ,t�AMPRR YC •`b`,,,... tsi :sr ° Yw .a41=L MFfles�MSY )y � vS - S k a�§nHn. jh�k � '.. asi t+IMMM' r4 + wts Casew{t� ";47. N e ..t, re ti ,rMAe4uI s^ ' r a eF ;, co.andsrr r , 1M {• 'a:- o- aPsdwtlsd 3W sh u h PIP►) ,.f,.""'fs- i- t •93' r*'₹.:. a ` ` ., �' IIPSM f f `xy s N y" f R bri 3i w cax ALT MPII MMMYc 4,4 suijMfsP►Qlt.MI ur bra o-.= ' - •. ,M`d'3 ':;:t-1 s.Ywl'R'f*SES..�t`t'+a�u.fiM is3,'s' . •r. V, a .Ifft •W'h_ :. t . v3�s• ^a a �iwY w. M ",4_,._:::" ��. wcr, 10. �L,iv�5! - f Y 1p 4 { yy. ,... 'h1M'yS' F Y*5.. W +a♦ P sS l `"''', Si. h . '. CFh v r 7,A'''''..,,V' ,:':::,,r.-.- �.Y .t nMM �` laifM . & . wi M _ y s -' _L.a. -., i .• wrN' y #`1rs � ws Whir "r L M i.sw`",-asp sy ' y 3 fir ,'. T'. Ott • mMRhM10A.at 1>h� F•_. -a...._• i.. • qu airy wyw�iywew- e n. - +jig i 4+w' - s3ty.-.,•��*-,Mv,. ,.Ys�c.+at.f...4. _ Y _P,4l4 1Axtir � +Re-Mfiedrs.•' fAdf1fYRuMMM �.met... .� •n . a a'IS Lee; a � ., 41Ead ara 'y Sly =fee, FT •.I. beRa u vl M to shift Aa ma»swdtR n t .. aUUAxd. 1MMk .: WPM shell increase Itit £ylhsde Pinciall h aaN# l =SeaWthi urInimssiligive HMY, R F}F�MEOMadu* my I le en Robenersi St'tUS 1%P CRe�r.nii0el arelatavld,Cummauatlu tT .el-Mcb Sot grew*au ether acts MOT-M ay �cu ty S tu in S b lmplen nt and clr±y MM�manors haul. . '. i3.Oetl eaMi df It,,. • z . Die rn a lee of County!- do Vie of Gantt. `6(ada, phist to beetles 3.1.1 ler et Me Wed Canty _ r hereby (Sealants for dot• retinae ulna m fha„Mnp EMahtatice,this to Haan enter ncy irahlance under salltasttnnett us the Wad Cowin NOM*Rule Cherhlr,. . The above ant knee Ordnance tin ea Waseon IMO and seconded,.44 4 by fhst tuUoudMd vote Star"ark day NavemMr,A.O..'tIn.- 'WELOc Do W lbMs .June sleliimuSR .. ATTEST:Mary Mn FeueraMn • ,. - Weld County Clerk and Recorder and Clem to Tesoro . Ry: .Ieunnneettl Ordway - _ APPROVED AS TO FORM: Thomas 0 Dana County ARal ey DATE PRESENTED: NOVEMBER N, Iflt Published IS the PIHMe o Mersed AA Salle Laudur.Tartan• Oacanber'10.fy/f. , t - Hello