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RESOLUTION
RE: APPROVAL OF LETTER OF AGREEMENT WITH ANDERSON DeMONBRUN INC.
AND AUTHORIZATION FOR CHAIRMAN TO SIGN
WHEREAS, the Board of County Commissioners of Weld County,
Colorado, pursuant to Colorado statute and the Weld County Home
Rule Charter, is vested with the authority of administering the
affairs of Weld County, Colorado, and
WHEREAS, the Board has been presented with a Letter of
Agreement with Anderson DeMonbrun Inc . whereby Anderson DeMon-
brun Inc. agrees to act as investment bankers in the purchase
and sale of Local Improvement District No. 1984-1 bonds, and
WHEREAS, after study and review, the Board deems it advis-
able to approve said Letter of Agreement, a copy being attached
hereto and incorporated herein by reference.
NOW, THEREFORE, BE IT RESOLVED by the Board of County Com-
missioners of Weld County, Colorado that said Letter of Agree-
ment with Anderson DeMonbrun Inc. be, and hereby is , approved.
BE IT FURTHER RESOLVED by the Board that the Chairman be,
and hereby is, authorized to sign said Letter of Agreement.
The above and foregoing Resolution was, on motion duly made
and seconded, adopted by the following vote on the 25th day of
January, A.D. , 1984 .
„ BELDD OF COUNTY COMMISSIONERS
ATTEST: i Q4, WELD COUNTY, COLORADO
Weld County Clerk and Recorder �•
and Clerk to the Board Norman Carlson, Chairman
(BY: .7/14-0;1- 0/ EXCUSED
eputy County Clerk Jacqueline Johnson, Pro-Tem
APPROVED AS TO FORM:
Gene R. Brantner
4untyoL uck Carlson
W . .
J T. Martin
013084
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_Anderson De]V onbrun inc.
INVESTMENT BANKERS
OFFICES IN DENVER, COLORADO AND EVANSTON, WYOMING
MEMBER SECURITIES INVESTOR PROTECTION CORPORATION
MEMBER NATIONAL ASSOCIATION OF SECURITIES DEALERS
January 23, 1984
Board of County Commissioners
Weld County, Colorado
RE: Local Improvement District No. 1984-1
Honorable Board Members:
Please accept this letter as our agreement to act as investment bankers in the
purchase and sale of the above-mentioned bond issue.
Acting on a "best efforts" basis, we hereby agree to structure this bond issue and
attempt to place these bonds for the County. If we are successful in our pre-
sale attempts, we agree to purchase the bonds from the County at a mutually
agreeable interest rate and repayment schedule. Our fee for this service will be
included in the purchase price of the bonds and will not be an out-of-pocket
expense for the County.
Assuming that mutually agreeable interest rates and repayment schedule can be
reached with the County, the County hereby agrees to sell these bonds to
Anderson DeMonbrun Inc. If agreement cannot be reached on rates and repayment
schedule, Anderson DeMonbrun Inc. agrees to offer the bonds for public sale on
behalf of the County, and a fee for this service will be determined at that time.
Purchase of the bonds will also be subject to receipt of an unqualified legal
opinion verifying the legality and tax exemption of the bonds.
Endorsement of this letter by Weld County will signify agreement on the County's
behalf to the above terms and conditions.
5675 SOUTH TAMARAC PARKWAY
SUITE 280
DENVER TECH CENTER
ENGLEWOOD, COLORADO 80111
(303)740-7666
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Anderson De. lanbrun Inc.
Board of County Commissioners
Weld County, Colorado
January 23, 1984
Page Two
Thank you for this opportunity to be of service.
Sincerely,
AMO RU C^GyINC.
red R. Cornwall
Vice President
FRC:tk
After due consideration, the above agreement is accepted this 25th day of
January , 1984, for and on behalf of Weld County, Colorado.
WELD COUNTY, COLORADO
ByC � �Chairman
ATTEST:
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Secretary
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