HomeMy WebLinkAboutR25-023 Private Activity Bond Allocation for 2025 - Eagle Villas Docusign Envelope ID:5ABD5BDO-EBF0-43A3-BDE3-9A5C8F3E646A
Commissioner Boyd moved adoption
of the following Resolution:
BOARD OF COUNTY COMMISSIONERS
COUNTY OF EAGLE, STATE OF COLORADO
RESOLUTION NO. 2025- 02 3
A RESOLUTION AUTHORIZING THE ASSIGNMENT OF
THE COUNTY'S PRIVATE ACTIVITY BOND
ALLOCATION FOR 2025 TO THE EAGLE COUNTY
HOUSING AND DEVELOPMENT AUTHORITY;
PROVIDING OTHER DETAILS IN CONNECTION
THEREWITH; AND PROVIDING AN EFFECTIVE DATE.
WHEREAS, pursuant to the Private Activity Bond Ceiling Act, constituting Title 24,
Article 32, Part 17, Colorado Revised Statutes (the "Allocation Act"), the County of Eagle,
Colorado (the "County") has received a direct allocation of the State of Colorado's Private
Activity Bond Ceiling for the year 2025 (the "2025 Allocation") in the amount of$3,551,789;
and
WHEREAS, the Eagle County Housing and Development Authority (the "Authority")
has requested that the County assign all of the 2025 Allocation equal to $3,551,789 (the
"Assigned Allocation") to the Authority pursuant to Section 24-32-1706 of the Allocation Act to
be used to issue bonds to finance qualified residential rental projects, including but not limited to
the Eagle Villas resyndication project; and
WHEREAS, the County desires to assign the Assigned Allocation to the Authority; and
WHEREAS, there has been presented to the Board of County Commissioners (the
"Board") the form of an Assignment of Allocation between the County and the Authority (the
"Assignment").
NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF COUNTY
COMMISSIONERS OF THE COUNTY OF EAGLE, COLORADO THAT:
Section 1. Authorization of Assignment. The County hereby authorizes the
assignment of the Assigned Allocation to the Authority for use as described above.
Section 2. Approval of Assignment of Allocation. The form, terms and provisions of
the Assignment hereby are approved and the officers of the County hereby are authorized and
directed to execute (by manual or electronic signature) and deliver the Assignment, with such
changes therein as are approved by the officers of the County executing the Assignment. The
execution of the Assignment shall be conclusive evidence of the approval by the County of such
document in accordance with the terms hereof.
59748443.2
Docusign Envelope ID:5ABD5BDO-EBFO-43A3-BDE3-9A5C8F3E646A
Section 3. Further Action. The officers of the County shall take such other steps or
actions necessary or reasonably required to carry out the terms and intent of this resolution and
the Assignment.
Section 4. Ratification. All action not inconsistent with the provisions of this
resolution heretofore taken by the Board and the officers of the County directed toward the
assignment of the Assigned Allocation and the authorization of the Assignment hereby are
ratified, approved and confirmed.
Section 5. Severability. If any section, paragraph, clause or provision of this
resolution 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 resolution, the intent being that the same are severable.
Section 6. Repealer. All orders, resolutions, bylaws, ordinances or regulations of the
County, or parts thereof, inconsistent with this resolution are hereby repealed to the extent only
of such inconsistency.
Section 7. Effective Date. This resolution shall be in full force and effect upon its
passage and approval.
[Remainder of page left intentionally blank]
-2-
59748443.2
Docusign Envelope ID:5ABD5BDO-EBF0-43A3-BDE3-9A5C8F3E646A
MOVED, READ AND ADOPTED by the Board of County Commissioners of the County of
Eagle, State of Colorado, at its regular meeting held the 11th day of March, 2025.
,.— Signed by:
` ``i COUNTY OF EAGLE, STATE OF
COLORADO, By and Through Its
` C�oRfe BOARD OF COUNTY COMMISSIONERS
ATTEST: Signed by: \ DocuSigned by:
r
c* an, Cam" '749
CD„DC�09DCOA4C0... By: CA4M117RFRAAd7A
Becky Close Jeanne McQueeney
Clerk to the Board County Commissioners Chair
ESigned by:
rom 6,4
f`f1000CF&RFFF4dg
Tom Boyd
Commissioner
rA
ASigned by:
Jane'
81E7820718C0173...
Matt Scherr
Commissioner
Commissioner scherr seconded adoption of the foregoing resolution. The roll
having been called, the vote was as follows:
Commissioner McQueeney Aye
Commissioner Boyd Aye
Commissioner Scherr Aye
This resolution passed by 3/0 vote of the Board of County Commissioners of the
County of Eagle, State of Colorado
-3-
59748443.2
