HomeMy WebLinkAboutR88-055 Beaver Creek Sports Facilities Project� r
Commissioner f��v-' moved adoption of
the following Resolution:
BOARD OF COUNTY COMMISSIONERS
COUNTY OF EAGLE, STATE OF COLORADO
RESOLUTION NO. 88
APPROVING ADDITIONS TO A SPORTS FACILITIES PROJECT
FOR BEAVER CREEK ASSOCIATES; APPROVING
MODIFICATIONS TO THE RELATED SPORTS FACILITIES
FINANCING AGREEMENT; CONFIRMING FINDINGS AND
AUTHORIZING INCIDENTAL ACTION.
WHEREAS, the Board of County Commissioners of Eagle County, State of
Colorado (hereinafter the "Board ") has approved a sports facilities project (the
"Project ") for Beaver Creek Associates, Inc. (the "Company ") and has entered into
a Sports Facilities Financing Agreement dated as of November 1, 1984 (the
"Agreement ") with the Company; and
WHEREAS, The Company has requested the addition of certain Project
Facilities to the Agreement and the modification of certain provisions of the
Agreement.
NOW, THEREFORE BE IT RESOLVED BY THE BOARD OF COUNTY
COMMISSIONERS OF THE COUNTY OF EAGLE, STATE OF COLORADO:
THAT, the Board hereby approves the addition to the Project Facilities as
set forth in Schedule A to the Agreement of the additional facilities described in
the Company's letter dated June 5, 1988, submitted to this meeting (a copy of
which shall be filed with the records of the County). Such letter and the
modifications to the Agreement set forth therein are approved.
THAT, the Board hereby confirms its findings that the financing of the
additional Project Facilities under the Agreement will promote the public purposes
of the Colorado County and Municipality Development Revenue Bond Act by
promoting industry through the inducement of the Company and Vail Associates,
Inc. to maintain and expand their operations, mitigating a threat of unemployment
and securing and maintaining a balanced as stable economy in Colorado. The
other findings in respect of the Project contained in the Agreement are hereby
confirmed and extended to the additional facilities.
THAT, the proper officers of the County are hereby authorized and directed
to take such action as may be necessary and appropriate to accomplish the
purposes of this Resolution, including the acceptance of the Company's letter
submitted to this meeting.
THAT, this Resolution shall take effect immediately upon its adoption.
MOVED, READ AND ADOPTED by the Board of County Commissioners
of the County of Eagle, State of Colorado, at its regular meeting held the
day of �.u� , 1988.
COUNTY OF EAGLE, STATE OF
COLORADO, By and Through Its
ATT �- BOARD OF COUNTY COMMISSIONERS
B By: r
f the Bo c George ates
ommissioners Chairman
Y
30
Commissioner
Commissioner seconded adoption of
the foregoing Resolution. The roll having b en called, the vote was as follows:
Commissioner George A. Gates
Commissioner Donald H. Welch C
Commissioner Richard L. Gustafson
This Resolution passed by �,�r vote of the Board of County
Commissioners of the County of Eagle, State of Colorado.