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HomeMy WebLinkAbout871755.tiff_ .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. AR2122851 ORDINANCE NO. 150 AN ORDINANCE AUTHORIZING AND APPROVING A LIBRARY AND CLASSROOM LEASE PURCHASE AGREEMENT, A MORTGAGE AND INDENTURE OF TRUST, A CERTIFICATE PURCHASE AGREEMENT AND OTHER „ity DOCUMENTS AND ACTIONS CONCERNING THE ISSUANCE OF CERTIFICATES I-' OF PARTICIPATION IN THE LEASE PURCHASE AGREEMENT IN THE o o r AGGREGATE PRINCIPAL AMOUNT OF $317, 000 . o -4 co W BE IT ORDAINED BY THE BOARD OF COUNTY COMMISSIONERS OF n WELD COUNTY, COLORADO: i-4O y m Section 1 . Recitals . z N N A. Weld County, Colorado (the "County" ) , is hi 0 authorized, pursuant to Section 30-11-104 . 1, Colorado c r Revised Statutes, to enter into lease purchase agreements in order to provide for the financing of a cn 'f courthouse, jail or other county buildings used, or to m w be used, for governmental purposes . z o B. The Board of County Commissioners of the County c -4 (the "Board") has determined, and hereby determines, 0 that (1) the County is in need of a certain library x 0 facility and classroom buildings (collectively the "Library") , (2) it is necessary and in the best 0 r interests of the County that the Library be acquired, o constructed, and equipped on a certain parcel of land (the "Site" ) to be acquired by Weld County Finance c Corporation, a Colorado nonprofit corporation (the 0; 0 "Lessor") , and (3) for purposes of financing the o acquisition of the Site and the acquisition, � o construction and equipping of the Library to be located d thereon (collectively, the "Project") , it is in the best n interests of the County that the County and the Lessor o enter into an annually renewable Library and Classroom o Lease Purchase Agreement, dated as of December 1, 1987 O „ (the "Lease") , in substantially the form presented to this meeting of the Board. C. Certificates of Participation (the "Certificates" ) will be sold pursuant to a Mortgage and Indenture of Trust, dated as of December 1, 1987 (the "Indenture") , between the Lessor and Central Bank of Denver, a Banking Corporation, as trustee (the "Trustee") and a Certificate Purchase Agreement dated as of November 23 , 1987 (the "Agreement") among the County, the Lessor and Boettcher & Company, Inc. , in substantially the forms presented to this meeting of the Board. 871755 D. The Board is desirous of authorizing, approving and directing the execution of the agreements and instruments described above and the transactions evidenced thereby. Section 2 . Ratification. All action heretofore taken ma (not inconsistent with the provisions of this Ordinance) by the Board or the officers of the Board or the County, rn E- directed toward the acquisition, construction and equipping CO CO of the Library, the acquisition of the Site by the Lessor and the leasing of the Project by the County from the Lessor, are hereby ratified, approved and confirmed. m n 0 Section 3 . Findings and Determinations . The Board > N' z N- hereby finds and determines, pursuant to the Constitution and z N laws of the State of Colorado, that (a) (i) acquiring, m oo constructing and equipping the Project, and (ii) leasing the q Ha Project from the Lessor under the terms and provisions set m forth in the Lease, are necessary, convenient and in y furtherance of the governmental purposes of the County and 1-1 are in the best interests of the• County; and (b) this is an H W Z 0 emergency Ordinance which shall be effective immediately upon n co its passage and adoption, as provided in Section 3-14 of the r County' s Home Rule Charter. Public notice of this Ordinance m shall be given forthwith. If this Ordinance were not x rn immediately effective, the present volatility of the 2, - financial markets might adversely affect this financing and a the County might not have money available to complete the m Project, upon which construction has already begun. o d Section 4 . Approval of Lease and Indenture. The Lease, rap in substantially the form and with substantially the content o presented to this meeting of the Board, is in all respects 0 approved, authorized and confirmed, and the Chairman of the r d Board is authorized and directed to execute and deliver the Lease for and on behalf of the County, and the County Clerk o m is authorized and directed to seal the Lease and attest 0 thereto, the Lease to be in substantially the form and have o a substantially the content as presented to this meeting of the Board. The Board hereby approves the execution and delivery by the Lessor and the Trustee of the Indenture, in substantially the form and with substantially the content as presented to this meeting of the Board. The Board hereby acknowledges and consents to the assignment by the Lessor to the Trustee, pursuant to the Indenture, of all right, title and interest of the Lessor in, to and under the Lease (with certain exceptions as provided in the Lease and the Indenture) , and the delegation by the Lessor to the Trustee, pursuant to the Indenture, of all duties of the Lessor under the Lease. -2- 0810D Section 5 . Authorization of Issuance and Sale of Certificates . The Board hereby authorizes the issuance of the Certificates pursuant to the Indenture. The Board hereby acknowledges and approves the form, terms and provisions of the Certificates contained in the Indenture, in substantially the form presented to this meeting of the Board. The Board hereby authorizes, approves and directs the sale of the It b7 Certificates to Boettcher & Company, Inc. under the terms and o '-' C31 conditions of, and for the price set forth in, the LO -1 Agreement . The Agreement, in substantially the form and with CO substantially the content presented to this meeting of the Board, is in all respects approved, authorized and confirmed. m n 0 Section 6 . Lease of Project . The Board hereby approves z N) the leasing of the Project by the County from the Lessor for z m the Base Rentals and Additional Rentals contemplated by and tri co under the terms and conditions of the Lease. M Ul M Section 7. Sale of Site . The Board hereby authorizes ccn l- and approves the sale of the Site to the Lessor for an amount sufficient to reimburse the County for the cost of acquiring z o the Site. The Chairman of the Board and the other appropriate officers of the County are hereby authorized and r co directed to execute and deliver to the Lessor a general m warranty deed and such other instruments of conveyance as may x be necessary and appropriate to effect a conveyance of the a, °1 Site by the County to the Lessor in the manner contemplated a M Fa by the Indenture. m O Section 8 . Other Instruments . The Chairman of the Board and other officials of the Board or the County are tt o hereby authorized to execute and deliver for and on behalf of . the County any and all additional certificates, documents and o other papers and to perform all other acts that they may deem rr necessary or appropriate in order to implement and carry out the transactions and other matters authorized and o w contemplated by this Ordinance . The appropriate officers of . o the Board or the County are authorized to execute on behalf n o of the County agreements concerning the deposit and investment of funds in connection with the transactions contemplated by this Ordinance . Section 9 . Disclaimer . NO PROVISION OF THIS ORDINANCE, THE LEASE, THE INDENTURE, THE CERTIFICATES OR THE AGREEMENT SHALL BE CONSTRUED AS CREATING OR CONSTITUTING A GENERAL OBLIGATION OR OTHER INDEBTEDNESS OF THE COUNTY NOR A MANDATORY PAYMENT OBLIGATION OF THE COUNTY IN ANY FISCAL YEAR BEYOND THE CURRENT FISCAL YEAR. THE COUNTY SHALL HAVE NO OBLIGATION TO MAKE ANY PAYMENT WITH RESPECT TO THE CERTIFICATES EXCEPT IN CONNECTION WITH THE PAYMENT OF THE -3- 0810D BASE RENTALS (AS DEFINED IN THE LEASE) AND CERTAIN OTHER PAYMENTS UNDER THE LEASE DURING THE LEASE TERM FOR WHICH THEY WERE APPROPRIATED, WHICH PAYMENTS MAY BE TERMINATED BY THE COUNTY IN ACCORDANCE WITH THE PROVISIONS OF THE LEASE. Section 10 . Base Rentals determined to be Reasonable . The Board hereby determines and declares that the Base Rentals represent the fair value of the use of the Project; F m and that the Purchase •Option Price (as defined in the Lease) o represents the fair purchase price of the Project . The Board o, H hereby determines anddeclares that the Base Rentals do not ° m exceed a reasonable amount so as to place the County under an economic or practical compulsion to renew the Lease or to eh exercise its option to purchase the Project pursuant to the k Lease. In making such determinations, the Board has given y 0 consideration to the current appraised value of the Site, the z N Cost of Construction (as defined in the Lease) , the uses and m purposes for which the Project will be employed by the tl co County, the benefit to the citizens and inhabitants of the a County by reason of the acquisition, construction and z equipping of the Project and the use and occupancy of the m I- Project pursuant to the terms and provisions of the Lease, tzi - the option of the County to purchase the Project, and the z expected eventual vesting of title to the Project in the noo County. The Board hereby determines and declares that the r acquisition, construction and equipping of the Project and x the leasing of the Project pursuant to the Lease will result 1-1 in facilities of comparable quality and meeting the same a' - requirements and standards as would be necessary if the z acquisition, construction and equipping of the Project were n performed by the County other than pursuant to the Lease. o The Board hereby determines and declares that the period a tl during which the County has an option to purchase the Project o (i .e. , the maximum term of the Lease, including all Renewal z o Terms) does not exceed the useful life of the Project . r o a Section 11. Separability Provision. If any section, n paragraph, clause or provision of this Ordinance (other than o provisions as to the payment of the Base Rentals by the o County during the Lease Term and provisions for the o v, conveyance of the Project to the County under the conditions provided in the Lease) shall for any reason be held to be invalid or unenforceable, the invalidity or unenforceability of such section, paragraph, clause or provision shall not affect any of the remaining provisions of this Ordinance. Section 12 . Repealer . All bylaws , orders and resolutions, or parts thereof , inconsistent with this Ordinance or with any of the documents hereby approved, are -4- OB10D hereby repealed only to the extent of such inconsistency. This repealer shall not be construed as reviving any bylaw, order or resolution, or part thereof . ,Section 13 . Ordinance Not to be Repealed. Subsequent to the adoption of this Ordinance, this Ordinance shall not be modified, amended or repealed so long as any Certificates are outstanding and unpaid. m m Section 14 . Effective Date. This Ordinance shall be in o full force and effect upon the date of its passage and a, J adoption. N W Section 15 . Declaration of Emergency. The Board, e� pursuant to Section 3-14 (6) of the County' s Home Rule K Charter, does hereby declare, for the reasons given in the y 0 N body of this Ordinance, this to be an emergency ordinance z• N under said Section of the Charter . N t co tll 01 PASSED, ADOPTED AND APPROVED this November 23 , 1987 . o '- m 7J WELD COUNTY, COLORADO CO H H N H H l.1 Zo n CO [SEAL] By t C a dan, ar f County Pi • H Commissioners a, An .. PO I-1 ATTEST: C/�//T// Kirby, Pro-T9 -i�1-- n /� zi Gene R. Brantner 7i o W er#+ • „�I EXCUSED mo Jacqueline Johnson a �� .. � T' 41/4"44,964 Yamaguchi - o n o O 0 Read and approved: November 23 , 1987 Published: December 3, 1987 , in the Johnstown Breeze Effective: November 23 , 1987 -5- 0810D Commissioner Brantner then moved the adoption of the foregoing Ordinance. The motion was duly seconded by Commissioner Kirby and put to a vote, the members of the Board voting as follows : Those Voting Aye: Chairman Gordon E. Lacy and Commissioners C.W. Kirby, Gene R. Brantner and Frank Yamaguchi Those Voting Nay: Those Absent: Commissioner Jacqueline Johnson Thereupon the Chairman of the Board declared the motion carried and the Ordinance adopted by at least four-fifths of the members of the Board, and the County Clerk was directed to enter the foregoing proceedings and Ordinance upon the minutes of the Board. After consideration of other unrelated matters, the meeting was adjourned. [SEAL] WELD COUNTY, COLORADO By 2 ATTEST:7711 144, lt^c-L'u'h-tn) C airma , Bo rysnounty Commissioners my Clerk -6- 0810D • e. AFFIDAVIT OF PUBLICATION A. dentt . a:+f, ties :, "' " THE JOHNSTOWN BREEZE Me t STATE OF COLORADO 1 . 1 SS IL Obetabaer. NO 'NM OF THIS COUNTY OF WELD 1 E L I,Clyde Briggs,do solemnly swear that I • " „< ••-,A Tt1RfEA16HY I am publisher of The Johnstown Breeze; The Bond Is deems of CQ�CQNSTTUTINQ RR QENB that the same is a weekly newspaper Izinp, execution approving end O LIGATION OR OHER printed, in whole or in part, and published Ind Me axaa+tion of the DDEEBTEDNESS F THE COU and�IMuumente NOR MANDATORY PAYM in the County of Weld, Stale of Colorado. �evidennced'thereby. OBLIGATION OF THE COU and has a general circulation therein; that IN ANY FISCAL YEAR BEY tea e. Beemesebn, All_ THE COUNTY IS HAVE. said newspaper has been published heritable" talon (not OBLl TION TO MAl� continuously and uninterruptedly in said Retool with its &.s am PAYMENT WITH RESPECT' County of Weld for a period of more than Is OrdIM! �py flip Board THE CERTIFICATES DICE •°Moen e'the Board or the CONNECTION WITH THE fifty-two consecutive weeks prior to the nit directed toward the MENT OF THE BASE REN first publication of the annexed legal notice bitten, ppmp ° f - Libnry, tM AS DEFINED IN THE L or advertisement; that said newspaper has eor landdMM�ng M AND CERTAIN OTHER been admitted to the United States mails as _led by Me.CWmy ttom the RENTS UNDER TH L ere hereby ratMled or WHICH THEY A SRE nP second-class matter under the provisions of roved and confirmed PRIATED, WHICH PAYME the Act of March 3, 1819, or any Seetlee a: ►issbaa - MAY BE TERMINATED BY amendments thereof, and that said DeterslaatWa• 'The Board COUNTY PROVISIONS ACC OF newspaper is a weekly newspaper duly hereby .float ,and dtution rs.and WITH �.. - to s�ConMRatbn and LEASE qualified for publishing legal notices and Mengel*: he ari`cf coucting eemamt 10. Mee R ` -advertisements within the meaning of the pct MaP"nine.* , "eed neeret t Taws of the State of Colorado. no Me braise• rom Me mines and declares that t under its terms °^d - Rentals represent the nlr wr� That the annexed legal notice or advcrtise- nt eat feM-m the L",—.in of the use of the Project; ment was published In the regular and na d convenient and in that the Purchase OPt�on epee- entire issue of every number of said weekly foot theinterests en Seri (tents tas he aed ir ptnurecnhseee Lime)rce oof newspaper for the period of ...L. consecu• and l(d� Mb ism tM Protect Th® Board heeby not' OMkum. whop °Add declares that the five insertions; and that the first name immeaetey Basereaso Rentable emouMnot e exceed a publication of said notice was in the issue of Sari: a ➢calla aIcn..et em place the County under an said newspaper dated/.44 .3., A.U. !SS.? ,uMed a HaSaeeaaRule C 1Mrts eMwn,m nor Wset`a o p compulsion and that the last publication of said notice n be of Mae Ordinatwe exercise to its the to purchase was in the issue of said newspaper dated given tact i tit. If this nn is elect pursuant to the n the rated Lease In making such , A.D. 19..&.7 rap latbmI the Board nee In witness whereof I have ereunto set It' Mee He wild considsntion to the p `County might not have °Pso f C value of the my hand this ..L...7... day of Pte..:, •upon od natru•the in the Leasae),the(us A.D. 19.�J ready begue moatl°n purposes for which 1M will be employed by the QS* ✓/ S �Nitlen a, H the benefit to the dMzelyrms / pieand TM Inhabitants of the Multi In substantially l the form reason of the sequtsnto 7y Avnh y the con- aruelon and equipping tern'resented to Mb meeting of and the use and • alt Board, la M all mate of the Protect to auth �zed and con- terms and p��p�!s , d the Millman of Me Lease, the option'"fie Subscribed and sworn to before me, a cut amt directed ex acted e v the Project aattfir muts and aN r the Lease expected eventual vesting m Notary Public in and for the County of toon belle of the County, o the Project In the Count} Mr tlhnd ley perk Is author- "bard hereb ec o red Weld,State of Colorado, this ../.�••• day of •et directed to seal thedeclares that the Mori '^� „I..p••G, A.D. 1942 and attest therot the construction and equl pha Sate to be ine substantial y the tea Protect and theleasing tole IWO and Mw{wtrta the Project punwnt to ale lam n. /✓+�S/� � M :the o this win nsun b TA"; n coc• i , �c Zee.ng of 1M Board The Boats sate quallre and meeting a�lrta {% v`+' approves ie execution same requirements 'alld Notary Public #y„-arsI Lesser enin if the acQ as w,cId bs n Innsetee W e f rm n d b e ui ing of t construction tlaay.nth ktrconten was performed of the County ledY tea content u oedumetl for the count' My commission expires ed fofleam.wrq afnsMenpurwant totbs Lease pToeBo come tdoardherbydetemneswipes °onaeMs to decteroe this do ha egteroM ur tea Leto t e tto ph Mae thettyy has t( eod as, o Purchase tMaProlset(lee,ree,, of ag�ht title uM maximum term of the Lea:3of the Leaor in, to ern Including all Renewal Ter�INea Lease (with certain doss rat exceed the useful IMeMn the the Project and the Indenture), ndieetba 11. feBaraWNhtustee, glfipa the o t tsar to delen. If any section, pare- the is is nauurs, of aE Sties ref eM graph,clause or provision of Mb under the Least prdlnance(other than provisions ea to the payment of the Base �ThsB0ald�repy ea M Le seta by 1M nd pro Berms flee _ Lane Term end provisionsdrMg t to x we a1 seam the conveyance of the Pitied, MORTGAGE AND I ;It owe% the County under the condo OF TR , A CER71F AND o - on the be heldese)to shell FI TES 7aenBoard Ms a e tv u enforcesbaailtyaof such die valid E imIN THE. contained b the ure, kt ra oil clause or prowl O1a the wit nerd =: p mope. • al BMi I AL TOFF the°Comp n aced a b9M� 1L OeaeNere Act ! Company, d ■ter terms alb o and resolution%oror '- ORBA BY THE wkp Me rithle tits reds ommimde«woo I r igtofi�d MEW COUNTY, Tat ewer ar herr�bpyy re Iealed rlidel Bli i RB LD OUNTY, , eybs g the content to this extent af°W« h incanioptenay. Rt ,t of k dad etThis rep sal meldIall not Y all I Infete 'fall . t Ill.,. °t .req Untt n,' or O ""y • O „ ,. x - 'Ai fr AFFIDAVIT OF PUBLICATION arn0 ,.y.., R' eSwMr . t,, THE JOHNSTOWN BREEZE M` t STATE OF COLORADO 1 1 ss x -f 1 B�LmF� THISA`g°��a"r' No COUNTY OF WELD t't Nl THE CEH'T I, Clyde Briggs,do solemnly swear that I ' `' GREEME am publisher of The Johnstown Breeze; The Board la dsetrws of RUED AS CREATING that the same is a weekly newspaper CppQNNITITUTINO A GENE I solnikoxt ysnti OBLIGATION OR OHER printed, in whole or in part, and published ing execution of Me DEEineDNESS OF THE COU ants eoyandarq dais omur NOR A MANDATORY PAYM in the County of Weld, State of Colorado, ebee eddencod t OBLIGATION of THE CO and has a general circulation therein; that IN ANY FI YEAR BE tea I. BsriMeetlea An THE TH CURRENTFISCAL said newspaper has been published MrIl•INe uui t"a91;1pArJ COUNTY To MAKa continuously and uninterruptedly in said taut with the PAYMENT WITH RESPECT County of Weld for a period of more than �"e B°`"1 THE CERTIFICATES EXCE HE ts OWine M a°`�ar M° _ CONNECTION WITH HE fifty-two consecutive weeks prior l0 the , Olrected toward the MENT OF THE BASE REN first publication of the annexed legal notice lotion, e?!truetldn and p. pe of u" Llbnry, the A8 DEFINED IN THE L or advertisement; that said newspaper r has the lotto" of i le ZiIng by of M° AND CERTAIN OTHER • been admitted to the United States mails as Net bye he hereby remt M DURING TERMUNDER HASEH second-class matter under the provisions of are hereby ratified, WHICH THEY WERE AP cued and confirmed WHITED, WHICH PAYME the Act of March 3, 1879, or any seutes 3. noses end MAY BE TERMINATED BY CORDA amendments thereof, and that said etarelsods e 'The Board COUNTYTHE PROVISIONS OF newspaper is a weekly newspaper duly hereby sods le"aneed LEASE i�`�'� qualified for publishing legal notices and L1YC, tne� t ing late," to. Sao ResSYe advertisements within the meaning of the ear* r `e4ro the able. T hereby laws of the Stale of Colorado. t ru the Project is em mines and declares that the EISiir That the annexed legal notice or advertise- Rentals a set forth In the Lease of e use of the �jecty merit was published In the regular and illed °b"t'°" `"d la thatdefined dIntPurchase Option remesnumber r . drti»It rmy endears Gents� 'the f:r ppurchas'°)e price a newspaper for the entire issue of period of . said weekly (Mteretehtala or Me ProlseL The Beard hereby ard�ra"s which and declares s live insertions; and that the first ip• 1� Bele Firs* et) het mewl ereasonable amount was to publication of said notice was in the issue of _4 pace the County- under an said newspaper dateiti. .3., A.U. lbg? Lenin “.......Pro Cnirta°lr. o r new practical am ala ro and that the last publication of said notice "ogee of M4 forthwith. If "as to exercise its option to purchase was in the issue of said newspaper dated pose 'set t Immediately tely Me prakt pursuant to the p,D. 19..&.7 nnt of .Lew. In making such the m M Icetlon4 ihe Board his In witness whereof I have hereunto set "M u�' u e �ion of the my hand this ..1....7... day of Q.c M- s sii S "fit "a Mw Cost of Construction (as ulten the in the Lease), the u A.D. 19..J 7es the beeriest to the MIR /j weeny Purpose* for which the erni be ernploVed by is _S atnesuurb.yntial�y the The raw°ore the the In 7)Publisher Adth substantially the con- struelon and equipping a Yea aroesnteI to this meeting ee ee Project and the use ai oe toern, le in of rospeon- the t of the Project io yt1qn1�ed an ear Me Yn"s and Drqvylan andetM Chome: W the Lease, tM itldn of th Subscribed and sworn to before me, a Is and directed to purchase he Project uteeuu er the Lease excepted eventual vetti Notary Public in and for the County of on ballad a the County, to the Project in the Co Weld, State of Colorado, this ../.7... day of C W diet is author- Bare hereby determines '- A.D. 106? •erd to seal the dsdaroe th filth: aoqul „P, „ and attest thereto, the construction and leasinsylph, to be le substantlalty 1M the ProjsPeul end Ms leawq the USN7�/' and d s mesented th have pubstantiony e will In facilities of t.46 j/ii c 4 'rz'i-' n0 of the Board The Board able, quality and meeting:,tea I/. approve the execution same redulte °ntli Notary Public s. thaletn eager and II the standards as would be n nistee of the f Indenture, in II Lei acquitlon,construction j' tie form and with performed of the Prefect ant Be content as by the County nted-- d ntn,peY"g of the > in Wragent to the Lease.1. My commission expires T e hereby. Board hereby period es lane consents to declares that the period d assignment fey the Lessor to which the County has an o Trusties, aM to the to purchase the Project (Ls, `turd al all right, title and maximum cludin term of the L of the Lessor In, to and Indudin all Renewal Ter the s prhvith osided anion ��exceed the useful IM 'nnt and Si Indenture), and delegM i by•the Leerier to sseten 11. Sseappaarebllity TrunkPrevision. If any section, para- I< < tl� m r , oT �es to the graph,clause. or provision of this under the Leaaa. Ordinance(other than provisions as to the payment of the Base Rentals by the County during t _ S. Lease Term and provisions 11per. 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Au• 108 08 W 401111 104 AMMO lit.yUOIONI l imOrd rug W Billet are 01 eegm• se� rda, Xgalw PAM 041 o0 •trot-{r :70101+01 w nee, 9 s0lweg nd'P01l+eNPs bM this emended sp any es are and This -soil Shall in full force effect up ile date of 8a and So leetlen- 79. Oeelaratlen of suant to Section -t- 1d8) of the Counya Home Ru*, Charter, doss hereby declare, for the reasons given in 910 body of this Ordlnanis, this to be an emer- gpency ordlnenos'-elder said Section of the Charter. altettiAPPRO be AND 23, 1887. WELD COUNTY, COLORADO BY Gordon E. Lacy Chairman,.. Board of SEAL County Commissioners C W. Kkby, Pro-Tem Gerd. R Brantner EXCUSED Jacqueline Johnson Frank Yamaguchi ATTEST: Mary Ann Feueretsln County Clerk Read and approved: November 23, 1987 Published: December 3,1987, in the Johnstown Breathl Effective: November 23,',1987 STATE OF COLORADO ] ] ss . COUNTY OF WELD ] A regular public meeting of the Board of County Commissioners (the "Board") of Weld County, Colorado (the "County") , was held at 915 10th Street, in Greeley, Colorado, within the County, being the regular meeting place of the Board, on Monday, November 23, 1987, at 9 : 00 a.m. Upon roll call, the following were found to be present, constituting a quorum: Chair: Gordon E. Lacy Commissioners: C.W. Kirby Gene R. Brantner Commissioner. Frank Yamaguchi Absent: Jacqueline Johnson Also present were: Donald Warden, Director of Finance and Administration After the Chair called the meeting to order, the following proceedings, among others, were had and taken: Donald Wr,—den introduced the following Ordinance, whereupon the Ordinance was read by title, copies of the text thereof having been previously made available to members of the Board and the public: Hello