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Home My WebLink About861058.tiff Weld County, Colorado RESOLUTION NO. SERIES OF 1986 A RESOLUTION OF WELD COUNTY, COLORADO, SETTING FORTH THE INTENT OF WELD COUNTY, COLORADO, TO TRANSFER ITS ALLOCATED PORTION OF SINGLE FAMILY MORTGAGE REVENUE BONDS UNDER THE COLORADO UNIFIED BOND CEILING FOR LOCAL ISSUING AUTHORITIES TO EL PASO COUNTY. WHEREAS, Weld County, Colorado (the "County" ) , is authorized by the County and Municipality Development Revenue Bond Act, constituting Sections 29-3-101 et seq. , Colorado Revised Statutes (the "Act" ) , to finance, refinance, acquire, own, lease, improve and dispose of properties to the end that more adequate residential housing facilities for low-and middle-income families and persons may be provided, which promote the public health, welfare, safety, convenience and prosperity; and WHEREAS, the County has taken official action pursuant to the Act and the Colorado Unified Bond Ceiling Allocation Act, constituting Sections 24-32-1601 et seq. , Colorado Revised Statutes (the "Allocation Act" ) indicating its intent to issue bonds and has filed a copy of the resolution evidencing such official action with the director of the Division of Housing in the Department of Local Affairs of the State of Colorado; and WHEREAS by a resolution adopted August 13 , 1986, the County approved the transfer of its initial allocation in the amount of $2 , 705, 810 received pursuant to the Allocation Act to El Paso County, Colorado and subsequent to such resolution received an additional $3, 141, 459 allocation from the statewide balance in accordance with the Allocation Act; and WHEREAS, the County desires to transfer, its allocated portion of single family mortgage revenue bonds to El Paso County, Colorado, in the entire amount allocated to the County under the Allocation Act, for the El Paso County, Colorado to issue such bonds on behalf of the County. NOW THEREFORE, BE IT RESOLVED BY THE BOARD OF COUNTY COMMISSIONERS, WELD COUNTY, COLORADO: E6105€ Section 1 . The County hereby transfers to El Paso County, Colorado the County' s portion of nonessential function bonds allocated to the County under the Allocation Act in the amount of $5, 847, 269 for El Paso County, Colorado to issue single family mortgage revenue bonds on behalf of the County pursuant to the Act by December 23, 1986, in one or more series, for the purchase of mortgage loans for residential housing facilities for low-and middle-income families and persons in the County, together with the cost of funding any reserve funds in connection with the revenue bonds and costs incidental to the authorization, issuance and sale of the revenue bonds, and authorizes El Paso County to take all further action on behalf of the County which is necessary or desirable in connection with such bonds. Section 2 . The County' s chief financial or economic officer is hereby authorized and directed to enter into any delegation agreement or such other agreements as may be necessary and to take all actions necessary or desirable in connection with this delegation and in connection with such bonds. Section 3 . Nothing contained in this resolution shall constitute the debt or indebtedness of the County within the meaning of the Constitution or statutes of the State of Colorado or the Charter of the County nor give rise to a pecuniary liability of the County or a charge against its general credit or taxing powers. Section 4. All commitments by the County herein are subject to the condition that on or before December 23, 1986, the single family mortgage revenue bonds shall have been issued by El Paso County, Colorado on behalf of the County. -2- The above and foregoing Resolution was, on motion duly made and seconded, adopted by the following vote on the 5th day of November, A.D. , 1986 . n BOARD OF COUNTY COMMISSIONERS ATTEST: {J,µAAAAA ILA' Ott\i WELD COUNTY, COLORADO Weld County Clerk and Recorder (Absent) and Clerk to the Board Jacqueli e h on hairman BY: kid.E- r 4.4.0 I Go acy, em Deputy Coun y C er APPROVED A TO FORM: Gene R. Brantnecr County Attorney �7 I "r Fran Yamagu NOTICE OF ASSIGNMENT OF NONESSENTIAL FUNCTION BOND ALLOCATION • 1. ISSUING AUTHORITY (ASSIGNOR) (a) Weld Co Name (b) 915 10th Street Gr Address (d) 356-4000 (c) s tin Tnhnsnn Telephone Authority Officer phone Number (Name and Title) 2. ISSUING AUTHORITY (ASSIGNEE) (a) E1 Paso Coun Name Colorado S (b) 2 Address (d) (3031 520-64Rn (c) Frank Barber Bond_ F=n .oanciiner Telephone Number Issuing Authority Officer (Name and Title) 3. BOND COUNSEL FIRM (a) Name (b) 707 17th S r • Address (d) (303) 297-2400 (n) Pamela A. Gibson Individual Responsible Telephone Number Attorney 4. PROJECT FOR WHICH ASSIGNMENT HAS BEEN MADE (a) Sin le Famil M Nature and location or purpose (b) Initial Owner, User or Beneficiary of Project (c) Type of bonds to be using assignment (check one below) : tax increment industrial development x single family mortgage multifamily housing 501(c)(3) 4. AMOUNT OF ALLOCATION ASSIGNED: $ 5,847,269 5. DATE OF ADOPTION OF RESOLUTION OF ASSIGNOR'S GOVERNING BODY AUTHORIZING ASSIGNMENT* To the best of my knowledge, the foregoing information and the attachments hereto are true and correct. (Signed a.14 Is uin uthorit ( ssignor) *REQUIRED ATTACHMENTS: s fiver (listed . (c) above) - Certified copy of ASSIGNMENT - Certified copy of RESOLUTION authorizing assignment ❑TG-160C-1986 ASSIGNMENT OF ALLOCATION For valuable consideration, receipt of which is hereby acknowledged, Weld County, Colorado (the "Assignor" ) , in August accordance with the Resolutions adopted by Ar 13 , 1986 and November 5 , 1986 does hereby assign to El Paso County, Colorado (the "Assignee" ) all right and interest in its allocated portion of single family mortgage revenue bonds in the amount of $5, 847 , 269 as allocated to the Assigner pursuant to the Colorado Unified Bond Filing Allocation sAct , constituting Sections 24-32-1601 et seq. , Colorado ReviStatutes . Assignor hereby authorizes Assignee to take all further action on behalf of Assignor which is necessary or desirable in connection with such bonds . Date : November 5 , 1986 "ASSIGNOR" Weld County, Colorado By: \ Tit e ChSrman, to:rd of Weld ' County Commissioners Attest : Weld County Cle and Recorder and Clerk to the Board eJ f 4mpI7i .P £ By: � Title: Deputy County Clerk r '.� i.�'f 1. V• 1L 1 At loll-- ,A 111.{ (� (...� 1'1DIVISION OF LOCAL GOVERNMENT • �'�� -ti% i1 Pat Ratliff. Director L='—i i • {:;,.t .:rrl I). Low') Covpgrm NOTICE OF ALLOCATION OF AUTHORITY TO ISSUE NONESSENTIAL FUNCTION BONDS the Colorado Be it know that on — Department of Local Affairs did allocate $ 3,141,459 t0 Weld County from the Statewide Balance to issue Nonessential Function Bonds ("Bonds") . Said Bonds shall be used by the entity to finance the Single Family Mortgage Bond issue The authority to issue said bonds, granted herein, shall be valid through 5:00 P.M. , December 1, 1986 — pursuant to Colorado Revised Statute 24-32-1610(3) . Moreover, I hereby certify, under penalty of perjury, that to the best of my knowledge this grant of extension of authority to issue Bonds was not made in consideration of any bribe, gift , gratuity, or direct or indirect contribution to any political campaign. This certification is made pursuant to Section 103(n)(12) of the Internal Revenue Code. This Notice is given accordance with Colorado Revised Statute 24-32-1610. This document filmed with September 8, 1986, Acministrator of Statewide Balance Communications. 9/2/86 Date PLEASE NOTE: Compliance vrith the reporting requirements oursuart to CRS 24-32-1608 will assist in assuring this allocation of authority. 1313 Sherman Street, Room 520, Denver, Colorado 30_03 130 ` 356-21.51 Y1-;4'1"'S ', J 'S STATE OF COLORADO Department of Local Affairs of col& Fe� §0071: DIVISION OF LOCAL GOVERNMENT Pat Ratliff, Director �8 6" Richard D. Lamm Governor NOTICE OF ALLOCATION OF AUTHORITY TO ISSUE NONESSENTIAL FUNCTION BONDS Be it know that on October 1, 1986 the Colorado Department of Local Affairs did allocate $ 5,847,269 to Weld County from the Statewide Balance to issue Nonessential Function Bonds ("Bonds") . Said Bonds shall be used by the entity to finance Single Family Mortgage Revenue Bonds The authority to issue said bonds, granted herein, shall be valid through December 1, 1986 pursuant to Colorado Revised Statute 24-32-1610(3) . Moreover, I hereby certify, under penalty of perjury, that to the best of my knowledge this grant of extension of authority to issue Bonds was not made in consideration of any bribe, gift, gratuity, or direct or indirect contribution to any political campaign. This certification is made pursuant to Section 103(n) (12) of the Internal Revenue Code. This Notice is given accordance with Colorado Revised Statute 24-32-1610. This document was filmed October 8, 1986, i jir"c / :'ce%/t Communications. Administrator of Statewide Balance October 1, 1986 Date PLEASE NOTE: Compliance with the reporting requirements pursuant to CRS 24-32-1608 will assist in assuring this allocation of authority. 1313 Sherman Street, Room 520, Denver, Colorado 80203 (303) 866-2156 Hello