HomeMy WebLinkAbout810286.tiff RESOLUTION
RE: DECLARATION OF WELD COUNTY' S INTENT TO ISSUE INDUSTRIAL
DEVELOPMENT REVENUE BONDS TO FINANCE A PROJECT FOR DOS
GRINGOS LAND AND CATTLE COMPANY AND GREAT PLAINS CHEMI-
CAL COMPANY, INC.
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 County of Weld, State of Colorado (the "County")
is authorized by the County and Municipal Development Revenue Bond
Act, Title 29 , Article 3 , Part 1, C.R.S . 1973 , as amended (the
"Act") , for the benefit of the inhabitants of the State and for
the promotion of their health, safety, welfare, convenience and
prosperity, to finance one or more projects , including any land,
building or other improvements and all necessary and appurtenant
real or personal properties , upon such conditions as the Board
of County Commissioners of Weld County may deem advisable, and
WHEREAS, the County is further authorized by the Act to
issue its revenue bonds or other obligations for the purpose
of defraying the cost of financing any such project, and
WHEREAS, Dos Gringos Land and Cattle Company and Great
Plains Chemical Company, Inc. (collectively the "Company") has
requested that the County issue its industrial development
revenue bonds pursuant to the provisions of the Act for the pur-
pose of financing, for construction in Weld County, a facility
suitable or used for or in connection with the industrial , com-
mercial, agricultural or business enterprise of manufacturing,
storing, warehousing, distributing, selling, or transporting
veterinarian supplies, medicines and other products of agriculture,
industry, manufacturing or business; and for the purchase of
equipment relative thereto (the "Project") , and
WHEREAS, the Company has represented to the County that the
Project has been designed to qualify as a "project" within the
meaning of the Act, and
810286
WHEREAS, the County has considered the Company 's proposal
and has concluded that the economic benefit to the County will
be substantial due to an increase in employment and the promo-
tion of industry and development of trade and other economic
activity within the County, and
WHEREAS, the proposed issuance of the industrial develop-
ment revenue bonds and the execution of related financing docu-
ments are not prohibited by any ordinances or rules of the
County.
NOW, THEREFORE, BE IT RESOLVED by the Board of County Com-
missioners of Weld County, Colorado:
Section_1. The Board of County Commissioners of Weld County,
Colorado, does hereby approve the request of Dos Gringos Land and
Cattle Company, a partnership, and Great Plains Chemical Company,
Inc. (collectively the "Company") , for the issuance by the County
of Industrial Development Revenue Bonds in an amount not to
exceed $400, 000. 00 to provide financing for construction in
Weld County, Colorado, of a facility suitable or used for or in
connection with the industrial, commercial, agricultural or
business enterprise of manufacturing, storing, warehousing, dis-
tributing, selling or transporting veterinarian supplies, medi-
cine and other products of agriculture, industry, manufacturing
or business; and for the purchase of equipment relative thereto.
Section?. The said bonds in a total amount not exceeding
$400, 000. 00 , as determined by the Company, shall be issued in
one or more series from time to time when the documents relating
thereto have been submitted to and approved by the County Attorney
and the Board of County Commissioners of Weld County, Colorado.
Section 3. Issuance of the bonds shall be pursuant to
authority 1973 Colorado Revised Statutes,
as amended, as
set forth in Article 3 of Title 29 , County and Municipal Develop-
ment Bonds, and neither the passage of this Resolution nor the
issuance of said bonds shall obligate the County for any
pecuniary liability or constitute a charge against the County 's
general credit or taxing powers, and said bonds , when issued,
shall be payable solely from the monies paid by or on behalf of
the Company.
The above and foregoing Resolution was, on motion duly made
and seconded, adopted by the following vote on the 23rd day of
February, A.D. , 1981 .
BOARD OF COUNTY COMMISSIONERS
ATTEST: WELD COUNTY, COLORADO
Ci
Weld County Clerk and Recorder �� ye)
ai d--Clerk to the B9 Tfr�-' Chin Carlson, /Chairman
�� _ _ (Aye)
�eputy Cou =y' Clerk Norman Carlson;/ Pro-Tem
ED AS TO FORM �".l' I Ll (Aye)
c C. W. Kirby
K O �
County Attorney .;?-/2%yU C-.211j ° ,r (Aye)
n T. Martin
,J K. Steinmark
/
DATE PRESEUTED: MARCH 2 , 1981
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