HomeMy WebLinkAboutR83-011 lease agremeent for richardson house (library)s,
C E R T I F I E D R E C O R D
of proceedings of
THE BOARD OF COUNTY COMMISSIONERS OF
THE COUNTY OF EAGLE, COLORADO
relating to the authorization of that certain
LEASE AND AGREEMENT
IN THE AGGREGATE PRINCIPAL AMOUNT OF $165,000
WITH RESPECT TO A COUNTY OFFICE BUILDING
STATE OF COLORADO )
ss.
COUNTY OF EAGLE )
The Board of County Commissioners of the County of Eagle,
Colorado, met in session, in full conformity with the
laws of the State of Colorado and rules of the County, in the
Commissioners Meeting Room in the Eagle County Courthouse, being
the regular meeting place of the Board, on G the c(/ day
of January, 1983, at the hour of '%Q o'clock �q_-- m., at which
meeting there were present and answering at roll call:
Chairman of the Board: David E. Mott
Commissioners: Keith Troxel
Dan Williams
Also present:
County Attorney: James Fritze, Esq.
County Clerk: Johnette Phillips
Thereupon, Commissioner introduced and there was
read in full the following Resolution:
i
R E S O L U T I O N Y,-3-11
A RESOLUTION AUTHORIZING THAT CERTAIN LEASE AND
AGREEMENT BETWEEN MUNICIPAL INVESTMENT COMPANY, A
COLORADO CORPORATION, AS LESSOR, AND THE COUNTY
OF EAGLE, COLORADO, IN THE AGGREGATE PRINCIPAL AMOUNT OF
$165,000 AND IN CONNECTION WITH THAT CERTAIN COUNTY
OFFICE BUILDING; PROVIDING FOR ANNUAL LEASE PAYMENTS; AND
PRESCRIBING OTHER DETAILS IN CONNECTION THEREWITH.
WHEREAS, the County of Eagle, Colorado, is a political
subdivision of the State of Colorado organized and existing under
the Constitution and laws of the State of Colorado (the
"County "); and
WHEREAS, pursuant to Title 30, Article 11, C.R.S. 1973, as
amended, the County is authorized to enter into long -term
leasehold agreements with an option to purchase; and
WHEREAS, the Board of County Commissioners (the "Board ")
hereby finds and determines that the execution of a Lease
and Agreement for the purpose of leasing with the option to
purchase a certain office building is appropriate and necessary
for performing the authorized functions of the County and is in
furtherance of the purposes of the County and the best interest
of the residents thereof; and ,
WHEREAS, Municipal Investment Company, a Colorado
corporation, (the Lessor), shall act as Lessor under said Lease
and Agreement; and
WHEREAS, the Lease and Agreement shall not constitute a
general obligation indebtedness of the County within the meaning
of the Constitution and laws of the State of Colorado; and
WHEREAS, the Lessor desires to lease the building and
the site thereof to the County, and the County desires to lease
the building and the site thereof from the Lessor for the use and
benefit of the residents of the County, pursuant to the terms and
conditions hereinafter set forth.
NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF COUNTY
COMMISSIONERS OF THE COUNTY OF EAGLE, COLORADO:
2
Section 1. That the forms, terms and provisions of the
Lease and Agreement as effectuated and modified by the Escrow
Agreement, be and are hereby approved in substantially the form
set forth in the document presently before the Board of County
Commissioners.
Section 2. That the County, acting through the Chairman of
its Board of County Commissioners, is hereby authorized and
directed to enter into and execute said Lease and Agreement and
said Escrow Agreement in substantially the form set forth in the
documents presently before the Board, and the County Clerk is
authorized and directed to affix the County's seal to and to
attest and countersign such documents, which documents are
available for public inspection at the offices of the County
Clerk.
Section 3. That said Lease and Agreement shall be in the
maximum aggregate principal amount of $165,000.00, bearing
interest at a rate not to exceed 11.00% per annum, as set forth
in Articles IV and VI of the Lease and Agremeent, said Lease and
Agreement to contain an option to purchase the Demised Premises
as therein set forth.
Section 4. That the Chairman of the Board of County
Commissioners and all other appropriate officers of the County
are hereby authorized and directed to sign, file, or cause to be
signed or filed, or approve, accept or concur in all necessary or
appropriate documents for consummating the transactions
contemplated by this Resolution, the Lease and Agreement and the
Escrow Agreement.
Section 5. That the County's obligation under said Lease
and Agreement shall be annually renewable by the County and
expressly subject to annual appropriation by the Board; and that
such obligation under said Lease and Agreement shall not
constitute a general obligation of the County or an indebtedness
within the meaning of the Constitution and laws of the State.
Section 6. This Resolution shall take effect immediately
upon its passage.
E
INTRODUCED, READ AND PASSED thisj'j this ' day of January, 1983.
(S E A L)
ATT ST: I r
C ty Clerk
M
Chairman of the Board
of County Commissioners
It was thereupon moved by Commissioner c% and
seconded by Commissioner �,�� j��� that the foregoing
Resolution, read in full at this meeting as aforesaid, be
approved.
The question being upon the adoption of said motion, the
roll was called with the following result:
Those voting AYE:
Those voting NAY:
A majority of the Board of County Commissioners having voted
in favor of said motion, the presiding officer thereupon declared
the motion carried.
Thereupon, after consideration of other business, the
meeting was adjourned.
Chairman of the Board
(S E A L) of County Commissioners
ATTEST:
Co ty Clerk
A
STATE OF COLORADO )
ss.
COUNTY OF EAGLE )
I, Johnette Phillips, County Clerk and Recorder of the
County of Eagle, Colorado, do hereby certify that the foregoing
pages, numbered 1 through 5, inclusive, constitute a true and
correct copy of the record of proceedings of the Board of County
Commissioners of the County, taken at a regular meeting thereof,
held in the Commissioners Meeting Room in the Eagle County
Courthouse, the regular meeting place of the Board, on
the 4'1 day of January, 1983, insofar as said proceedings rela e
to the passage of a Resolution authorizing that certain Lease and
Agreement and Escrow Agreement between Municipal Investment
Company, as Lessor, and the County, as Lessee, in the aggregate
principal amount of $165,000 and in connection with that certain
County office building; and that said original Resolution has
been duly authenticated by the signatures of the Chairman of the
Board of County Commissioners and myself, as County Clerk.
IN WITNESS WHEREOF, I have hereunto set my hand and affixed
the seal of the County this ,4N9" day of January, 1983.
(S E A L)
R
Z:
unty Clerk an Recorder
