HomeMy WebLinkAboutR10-074 Eagle County Housing & Development Authority As An EnterpriseCommissioner moved adoption
of the following olution:
BOARD OF COUNTY COMMISSIONERS
COUNTY OF EAGLE, STATE OF COLORADO
RESOLUTION N0.2010 -
RESOLUTION DESIGNATING EAGLE COUNTY HOUSING AND DEVELOPMENT
AUTHORITY AS AN ENTERPRISE
WHEREAS, Eagle County Housing and Development Authority (ECHDA) is a body
corporate and politic, authorized pursuant to C.R.S. 29-4-501, whose purpose is the development
of housing for the residents of Eagle County; and
WHEREAS, Article X Section 20 of the Colorado Constitution defines an "Enterprise"
as a government-owned business authorized to issue its own revenue bonds and receiving under
10°l0 of its annual revenue in grants from all Colorado state and local governments; and
WHEREAS, ECHDA is a government-owned business, as it generates fees for the work
it performs; and
WHEREAS, ECHDA has statutory authority to issue its own bonds pursuant to C.R.S.
29-4-209(0) and C.R.S. 29-4-5050; and
WHEREAS, ECHDA receives its funding from property management fees.. derived from
its property management contracts, developer fees for project on which it is the developer, and
administration fees from programs it administers; and
WHEREAS, ECHDA receives less than ten percent of its annual revenue in grants from
all Colorado state and local governments combined;
NOW, THEREFORE, BE IT RESOLVED BY THE HOUSING AND DEVELOPMENT
AUTHORITY OF THE COUNTY OF EAGLE, STATE OF COLORADO, BY AND
THROUGH ITS BOARD OF COMMISSIONERS:
THAT, for good cause shown, the Board hereby finds that the ECHDA meets the
requirements of an Enterprise pursuant to Article X Section 20 of the Colorado Constitution.
THAT, the Board hereby finds, determines and declares that this Resolution is necessary
for the public health, safety and welfare of the residents of the County of Eagle, State of
Colorado.
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MOVED, READ AND ADOPTED by the Board of County Co ' sinners of the County of
Eagle, State of Colorado, at its regular meeting held the ~ day of ~ , 2010.
COUNTY OF EAGLE, STATE OF COLORADO, By and
Through Its BOARD OF COUNTY COMMISSIONERS
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ATTEST: ~ `
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BY: ` * * Y:
Teak J. Simonton ~Op S J. Fisher,
Clerk to the Board of
County Commissioners BY:
Peter F. Runyon, Commissioner
Commissioner econded adoption of the foregoing resolution. The roll having been called,
the vote was as follow
Commissioner Sara J. Fisher
Commissioner Jon Stavney
Commissioner Peter F. Runyon
This Resolution passed by ~ ~ vote of the Board of County Commissioner of the
County of Eagle, State of Colorado.
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