> Meetings & Minutes > 1994 Minutes

PROCEEDINGS OF THE BOARD OF COUNTY COMMISSIONERS

MONDAY, FEBRUARY 7, 1994

SUBDIVISIONS

(#441 & # 435 @ 4500)

The Board of County Commissioners met at 9:00 a.m. in regular session with John Barnett, Director of Planning. Chair Duvall presided; Commissioner Disney was present. Also present were: Al Kadera, Subdivision Administrator; Richael Michels, Planner; Jerry White, Zoning Administrator; Rex Burns, Engineering; Jerry Blehm, Environmental Health; and Jeannine Haag, Assistant County Attorney. Recording Clerk, S. Graves.

Mr. Barnett noted that the following are consent items and will not be discussed in detail unless requested by the Commissioners or members of the audience.

1. HEROLD MINOR RESIDENTIAL DEVELOPMENT - RELEASE OF

COLLATERAL (#93-EX0069): NW 1/4 OF 29-5-69; SOUTH OF COUNTY

ROAD 18, ONE MILE WEST OF COUNTY ROAD 21; 35.7 ACRES;

4 LOTS; FA-FARMING, R-RESIDENTIAL/LOVELAND URBAN

GROWTH AREA (02-7-94)

This is a request for release of collateral. Staff Findings include: 1) Windy Gap Road in the Herold Minor Residential Development has been completed to the satisfaction of the County Engineering Department; 2) Water lines have been installed in the Herold Minor Residential Development and accepted by Little Thompson Water District; 3) Release of the applicant's remaining collateral at this time is in keeping with the collateral policy. Staff Recommendation is for release of the remaining collateral for the Herold Minor Residential Development (#93-EX0069).

2. RAMS HORN VILLAGE PLANNED UNIT DEVELOPMENT - RELEASE

OF COLLATERAL (#S-113-89): NW 1/4 35-05-73; WEST OF

INTERSECTION OF U.S. HIGHWAY 36 AND COLORADO HIGHWAY

66 (SPUR); 4.6 ACRES; 1 LOT; T-TOURIST ZONING (02-7-94)

This is a request to release the Subdivision Improvements Agreement and Collateral for the project. Staff Findings are: 1) Ram's Horn Village Planned Unit Development was conditionally approved on March 26, 1990; 2) The developer has made consistent progress toward completing this project; 3) The developer's engineer has provided a letter of substantial compliance and as-built drawings for the improvements; 4) Warranty collateral is required for those items that are not accepted for maintenance by some public agency. For this project, warranty collateral is required for street, drainage and landscaping improvements in the amount of $3,161. A Warranty Collateral Agreement is also required.

Staff Recommendation is for approval of the release of collateral for Ram's Village Planned Unit Development with the condition that the developer execute a Warranty Collateral Agreement and provide warranty collateral in the amount of $3,161.

M O T I O N

Commissioner Disney moved that the Board of County Commissioners adopt the Staff Findings and Staff Recommendations and approve the Herold Minor Residential Development Release of Collateral (#93-EX0069) and the Rams Horn Village Planned Unit Development Release of Collateral (#S-113-89).

Motion carried 2 - 0.

At this time, Commissioner Hotchkiss joined the meeting.

3. TAFT CANYON PLANNED UNIT DEVELOPMENT-PLYMOUTH ROAD

VACATION (#93-0S0408): 33-07-69; SOUTH OF COUNTY ROAD 38E AND

WEST OF COUNTY ROAD 19 (TAFT HILL ROAD) AT THE SOUTH END

OF TAFT CANYON; R-RESIDENTIAL ZONING (02-7-94)

This is a request to vacate Plymouth Road, which is a stub street to the south end of Taft Canyon. Mr. Kadera reviewed the major concerns and issues and noted that a letter has been received from the Senior Environmental Planner for the City of Fort Collins stating that the request for vacation is premature and should not be considered until the City's Management Plan for the natural area has been completed and access needs have been evaluated. Staff Findings include: 1) When Taft Canyon (formerly Hillside Green) Planned Unit Development was approved, a stub street was platted to the south property line, as required by the Subdivision Resolution; 2) The full public right-of-way is no longer needed because the property south of this site will not be developed as a residential subdivision. The property to the south of Taft Canyon is now owned by the City of Fort Collins as open space; 3) Several of our reviewing agencies have recommended that an access easement be retained to allow pedestrian and bicycle access to the open space which appears to be a good compromise; 4) An Amended Plat will be required to reconfigure the tract and the lot that will be affected by the addition of the vacated right of way.

Even though the City considers this request premature, the Staff still recommends approval of the request to vacate the public right of way for Plymouth Road in the Taft Canyon Planned United Development, with the following conditions: 1) An access easement be retained on 30 feet of the vacated right of way; 2) The applicant shall submit an Amended Plat to reconfigure the tract and the lot affected by the addition of the vacated right of way. The resolution to vacate the right of way shall not be recorded until the Amended Plat is approved.

Kay Gadowsky, President Taft Canyon Homeowner's Association, addressed the Board and stated that the reason they are asking for this road vacation at this time is that the homeowners no longer see the purpose of the road because of the Cathy Fromme Prairie being purchased by the City and they are in the planning process for the development of the open space. Discussion and questions followed.

M O T I O N

Commissioner Disney moved that the Board deny the Taft Canyon Planned Unit Development Plymouth Road Vacation until such time that the City of Fort Collins has their Management Plan for the Open Space finalized.

Motion carried 3 - 0.

Mr. Kadera will send a letter to Rob Wilkinson, City Senior Environmental Planner, requesting Staff be apprised of the development of the City's Management Plan for this area; and it was noted that when this item is brought back before the Board, the applicant will not have to make application nor pay the required fees again.

4. SLAB CANYON LIMESTONE QUARRY SPECIAL REVIEW (#93-ZR0289):

26-11-70; 20 MILES NORTH-NORTHWEST OF FORT COLLINS, WEST OF

COUNTY ROAD 23; 250 ACRES; O-OPEN ZONING (02-07-94)

This is a request for Special Review to expand an existing mining area for limestone quarry. Mr. White explained that Mr. Thomsen, Engineer for Holnam, Inc., submitted more information this morning relating to some of the reclamation issues discussed at the Planning Commission, information responding to concerns of the State Mine Land Reclamation Board, and responses to questions Mr. Burns had about access and road maintenance; therefore, Mr. White recommended this matter be tabled until this new information is reviewed

M O T I O N

Commissioner Disney moved that the Slab Canyon Limestone Quarry Special Review be tabled until April 11, 1994, as requested by Mr. White.

Motion carried 3 - 0.

There was discussion of other alternatives to the expansion of the existing mining area for limestone quarry in Slab Canyon, the main one being the opening of the Owl Canyon Quarry; the Board noted this alternative would result in enormous scarring of the land.

5. Mr. Barnett noted that the Stern Alleged Building Violation and the Arvidson Alleged Building Violation have both been resolved and therefore these two items were removed from today's agenda.

6. RESOLUTION SUPPORTING THE ENACTMENT OF SENATE BILL 94-081:

Mr. Barnett requested Board approval of a Resolution in support of Senate Bill 94-081, which is a bill to raise the exemption level of subdivision review from thirty-five to one hundred and sixty acres.

M O T I O N

Commissioner Disney moved that the Board adopt a Resolution Supporting the Enactment of Senate Bill 94-081, and authorize the Chair to sign same.

Motion carried 3 - 0.

R94-17g RESOLUTION SUPPORTING THE ENACTMENT OF SENATE

BILL 94-081

The meeting recessed at 9:45 a.m.; the Board moved into the Conference Room for a Planning Worksession.

The Board reviewed the preliminary progress report from the Subdivision Exemption Review Group (SERG); the plan presented is an attempt to simply the subdivision review process and would replace the Minor Residential Development (MRD) review process. The following questions for the Corridor Task Force to work on evolved from the Board's Policy Worksession last Thursday and presented to them at their first meeting: 1) Should there be any commercial development in the Corridor? 2) What are the appropriate densities and zoning classifications for the Corridor and how do we put them in place? 3) Is protection of the visual integrity of the first ridge important and how do we achieve this protection? 4) Should we look at creating a receiving area for transferable development rights (TDR's) in the Corridor east of I-25 and is TDR a viable concept? Mr. Barnett noted that the Corridor Task Force will be meeting on February 15, 1994 at 7 p.m. and he would like at least one of the Commissioners to attend.

Chair Duvall requested that Mr. Gordon schedule a meeting for the Board to discuss Chapter 70 of the Building Code. Some discussion on long-range planning and the RFP for employment of a consultant followed.

The meeting adjourned at 11:20 a.m.

TUESDAY, FEBRUARY 8, 1994

PERSONNEL STANDING MEETING

(#444)

The Board of County Commissioners met at 9:30 a.m.in regular session with Ralph Jacobs, Director of Personnel. Chair Duvall presided; Commissioners Disney and Hotchkiss were present. Also present were Mike Burch, Risk Manager, and Bill Gordon, County Administrator. Recording Clerk, S. Graves.

1. SALARY POLICY FOR EMPLOYEES PAID ABOVE THE MAXIMUM OF THEIR PAY GRADE: Mr. Jacobs submitted a revision to Chapter 5 - 505.D (Above "M" Step) of the Personnel Policy Manual and requested Board approval. The proposed policy revision provides that employees making more than the top step of the pay grade to which they are assigned will not receive either a market or cost of living increase. In cases where the pay increase proposed for the classification would result in a new top step rate that is higher than the employee's current rate, the employee would receive a pay increase equal to the new top step. Mr. Jacobs noted that this matter was reviewed with the Elected Officials and most supported the revision.

M O T I O N

Commissioner Hotchkiss moved that the Board approve the Larimer County Personnel Policy Manual Revision of Chapter 5 - 505.D regarding pay increases for employees above "M" Step, as outlined above, and recommended by the Personnel Director.

Motion carried 3 - 0.

2. WORKER'S COMPENSATION RELATED POLICIES: Mr. Jacobs presented several other revisions to the Larimer County Personnel Policy Manual and requested Board approval; these revisions were necessitated by several worker's compensation related matters which were brought to the Board by the Risk Manager on December 14, 1993 and approved by the Board at that time. The proposed revisions are as follows: Section 612.I - Worker's Compensation and Vacation Leave Utilization - "Employees who are off of work and receiving worker's compensation or wage continuation in place of regular pay may not use vacation leave for the same hours for which they are receiving worker's compensation or wage continuation; employees whose temporary total disability compensation is at the maximum weekly worker's compensation benefit may use vacation leave to make up the difference between the maximum weekly benefit and two-thirds of their average weekly wage; employees who are off work and receiving worker's compensation will continue to accrue vacation leave at the rate of accrual appropriate to their length of service and normal hours of work"; Section 613.A.(3.5) - Worker's Compensation and Sick Leave Utilization - "Employees who are off work and receiving worker's compensation payments or wage continuation in place of regular pay may not use sick leave for the same hours for which they are receiving worker's compensation or wage continuation; employees whose temporary total disability compensation is at the maximum weekly worker's compensation benefit may use sick leave to make up the difference between the maximum weekly benefit and two-thirds of their average weekly rate of pay; employees who are off work and receiving worker's compensation will continue to accrue sick leave at their regular rate of accrual"; and Section 610 - "Employees who are being paid Workers Compensation or Wage Continuation may not receive any other form of paid leave for that time unless denial of such leave would result in a violation of State or Federal laws." The implementation date for these changes will be effective as of January 1, 1994.

M O T I O N

Commissioner Disney moved that the Board approve the proposed revisions to Sections 612.I, 613.A(3.5) and 610 of the Larimer County Personnel Policy Manual, as outlined above and recommended by Mr. Jacobs.

Motion carried 3 - 0.

Commissioner Disney expressed his desire for a more aggressive prevention program in the future in an attempt to avoid worker's compensation claims; another meeting will be scheduled soon to provide an opportunity for Mr. Burch to return to the Board with numbers of claims and amounts paid out for worker's compensation in past years.

3. DISCUSSION OF USE OF LOTTERY FUNDS: Discussion was held regarding the reports yesterday concerning the expenditure of lottery funds and the alleged unaccountability of same. Mr. MacFarlane prepared a response noting that the funds in Larimer County are strictly accounted for through the Offices of Finance and Treasurer, an independent audit is performed every year, and all of the revenues and expenditures are in compliance with the law. The Board directed Mr. Gordon to work with Mr. MacFarlane in preparing a short press release specifically answering these allegations.

M O T I O N

Commissioner Disney moved that the Board go into Executive Session at 10:10 a.m. to discuss a personnel matter.

Motion carried 3 - 0.

The meeting adjourned at 10:30 a.m.; no action taken.





WEDNESDAY, FEBRUARY 9, 1994

ADMINISTRATIVE MATTERS

(#442)

The Board of County Commissioners met at 9:30 a.m. in regular session with Bill Gordon, County Administrator. Chair Duvall presided; Commissioners Disney and Hotchkiss were present. Also present were: Paul Cooper, Director of Community Corrections; Rena Mackrill, Director of Human Development; Carol Gillespie, Director Community Programming; and John Barnett, Director of Planning. Recording Clerk, S. Graves.

1. REQUEST FOR AUTHORIZATION OF JUVENILE DIVERSION FUNDS: Mr. Cooper requested Board authorization for Youth Services Bureau to submit a proposal to the Divison of Criminal Justice for juvenile diversion funds. The proposal is for $193,960 to continue funding of 3.25 FTE presently funded by the State, to add .50 FTE clerical, and provide $78,472 for operating and equipment; County match is provided through existing in-kind contributions, and indirect costs for salaries are included.

M O T I O N

Commissioner Disney moved that the Board authorize the Youth Services Bureau to submit a proposal to the Division of Criminal Justice for juvenile diversion funds.

Motion carried 3 - 0.

2. REQUEST FOR APPROVAL OF A MULTI-JURISDICTIONAL HOUSING REHABILITATION PROGRAM: Ms. Mackrill and Ms. Gillespie requested Board approval to submit a multi-jurisdictional housing rehabilitation program application to the State of Colorado, Division of Housing. This application is the result of a cooperative effort between the Larimer County Human Development Department, the City of Loveland, the City of Fort Collins, and the Housing Authority of Loveland; approval of this application will affirm the County's intent to participate in this cooperative program to rehabilitate 8 to 12 homes in Larimer County. If approved, the Board will be asked to allocate $15,000 out of the General Fund to this program and to authorize the withdrawal of $21,000 out of the Revolving Loan Fund. The formal multi-jurisdictional agreement will be forwarded to the Board of County Commissioners for approval within 30 days.

M O T I O N

Commissioner Hotchkiss moved that the Board approve the request to submit a multi-jurisdictional housing rehabilitation program application to the State of Colorado, Division of Housing, and authorize the Chair to sign same; if approved, this proposal may require a $15,000 County appropriation in 1994; no decision was made as to the source of funds.

Motion carried 3 - 0.

3. APPOINTMENTS TO THE LAPORTE AREA PLANNING ADVISORY COMMITTEE: Mr. Barnett noted that applications for the LaPorte Area Planning and Advisory Committee have been received and reviewed by the Planning Department; the Board was requested to appoint two new members from the list submitted. Since the persons recommended were not known by the Board, it was suggested that these appointments be delayed until next week to allow time for Chair Duvall to meet with some of the persons recommended; the Board agreed they want to achieve a balance of persons on this Board. Discussion also followed on the hiring of a long-range planning consultant to focus on the corridor issue; Mr. Barnett was asked to make this a number one priority.

M O T I O N

Commissioner Disney moved that the Board table the appointments of two applicants to the LaPorte Area Planning and Advisory Committee until Administrative Matters on Wednesday, February 16, 1994.

Motion carried 3 - 0.

4. WORKSESSION:

-- Colorado Housing and Finance Authority Questionnaire: The Board received a questionnaire form from the Colorado Housing and Finance Authority asking if the Board supports the Springfield Court Apartments Project as being consistent with the development and preservation of the housing plan in the community. CONSENSUS OF THE BOARD was to answer this question in the affirmative.

-- Wildlife Commission Impact Assistance Claim Form: The Board was requested to sign a claim form verifying the number of eligible acres owned by the Wildlife Commission in Larimer County to accompany an application for impact assistance grant monies for $23,693.20. CONSENSUS OF THE BOARD was for the three Commissioners to sign the claim form, as requested.

-- Resolution Opposing the Enactment of Senate Bill 94-86: Mr. Lancaster, Director of Natural Resources, requested the Board to adopt a Resolution opposing the enactment of Senate Bill 94-86, which if adopted would severely limit the options available to local governments in Larimer County to manage solid waste and recyclables and threaten the continued success of the award-winning solid waste and recycling system in Loveland.

M O T I O N

Commissioner Hotchkiss moved that the Board adopt a Resolution opposing the enactment of Senate Bill 94-86, as requested by Mr. Lancaster, and authorize the Chair to sign same.

Motion carried 3 - 0.

R94-18g RESOLUTION OPPOSING THE ENACTMENT OF SENATE

BILL 94-86

-- Elitch's Larimer County Employee Day - June 25, 1994: The Board was asked if they wished to continue sponsoring the Larimer County Employee Day at Elitch's again this year. CONSENSUS OF THE BOARD was to approve the continuation of this annual employee event again on June 25, 1994.

-- Joint Growth Management Meeting: The Board received an invitation from the Fort Collins Planning and Zoning Board to attend a joint Growth Management Meeting on February 15, 1994 at 4:00 p.m. to discuss regional planning issues. Chair Duvall has it on her calendar and will try to attend.

-- Cancellation of Tax Lien Certificates: The Board was requested by the County Assessor and County Treasurer to cancel Tax Lien Certificates 45759 and 18694 for Robo Car Wash of Fort Collins, Parcel #97154-29-005, Schedule #88323, as required by C.R.S. 39-10-114(2)(a); which states "...Any taxes levied on personal property, including but not limited to mobile homes, which are determined to be uncollectible after a period of one year after the date of their becoming delinquent may be cancelled by the Board of County Commissioners..."

M O T I O N

Commissioner Hotchkiss moved that the Board approve the cancellation of Tax Lien Certificates 45759 and 18694 for Robo Car Wash of Fort Collins, and requested Mr. Gordon to send a memo to the County Assessor and County Treasurer informing them of the Board's action.

Motion carried 3 - 0.

-- Discussion Items for Policy Worksession: After discussion, the Board determined that the policy items to be discussed with the Cabinet during the worksession at Sylvan Dale Ranch will be: 1) Budget Process; 2) Strategic Planning Facilitator; 3) Budget Savings; 4) If Elected Officials and Senior Staff should be invited to Policy Worksessions in the future?

4. COMMISSIONERS' REPORTS - ADMINISTRATIVE:

-- Commissioner Hotchkiss requested an update on yesterdays report concerning the mismanagement of lottery funds; Mr. Gordon reported that he and the Parks Director prepared a press release, however, Mr. MacFarlane preferred to not have a press conference. The Board requested that the Finance Director be involved in this matter.


-- Commissioner Disney reported on a meeting he attended in Jefferson County yesterday regarding a joint-effort planning proposal to try and preserve as much of the mountain backdrop as feasible from southern Jefferson County to the Wyoming line; the suggestion was made to ask "Go Colorado" for funding. Commissioner Disney noted that Douglas and El Paso Counties are also interested in this proposal.

-- Commissioner Disney showed the Board the new logo design which will be made into a lapel pin and placed on name tags for Larimer County.

-- Chair Duvall reported that Mayor Azari will be scheduling a discussion with the City of Fort Collins and surrounding utilities. Commissioner Disney will try and attend, but a definite date has not been set; if he is unable to attend, Commissioner Hotchkiss will attend.

-- Chair Duvall requested Mr. Gordon to schedule a meeting for discussion of the staffing implications for implementing Chapter 70 of the Building Code and noted that long ago there was a road policy proposed by Commissioner Nona Thayer which addresses some of the concerns; she would like to know what happened to this policy and if a copy of this policy could be obtained.

5. DOCUMENT REVIEW: The following documents, of a routine nature, were considered by the Board:

M O T I O N

Commissioner Hotchkiss moved that the Board approve the Minutes for the week of January 31, 1994, and the Agenda for the week of February 14, 1994, as submitted.

Motion carried 3 - 0.

M O T I O N

Commissioner Hotchkiss moved that the Board approve Petitions for Abatement for the following, as recommended by the County Assessor Steve Miller: Overhead Door; A 1 Drive Shaft; Loveland Medical; McCarthy; Carter/Morrow (2); Sweet Properties; Kness; Trevena; Johnson; Coopers/Lybrand; Evenson; Milner Mountain (2); Prospect Park East; Frohberg; Boardwalk, Ltd.; and Boulder/Lar. Properties;

Motion carried 3 - 0.

LIQUOR LICENSES: County Approval was granted to Branding Iron Liquor - 6% - LaPorte, Co.; Gasamat No. 110 - 3.2% with a CHANGE OF CORPORATE STRUCTURE - Fort Collins, CO.; Total #2743 - 3.2% - and City Park Liquors - 6% - Fort Collins, CO. Licenses were issued to Best Western Coach House - 6% WITH EXTENDED HOURS - Loveland, CO.; and Masonville Store - 3.2% - Masonville, CO.

M O T I O N

Commissioner Hotchkiss moved that the Board approve the following documents:

A94-17 AGREEMENT BETWEEN THE BOARD OF COUNTY

COMMISSIONERS AND RETIRED SENIOR VOLUNTEER

(Agreements #1 and #8 are Human Resource Grants)

A94-18 AGREEMENT BETWEEN THE BOARD OF COUNTY

COMMISSIONERS AND LARICO CENTER FOR YOUTH

AND FAMILIES, INC.

A94-19 AGREEMENT BETWEEN THE BOARD OF COUNTY

COMMISSIONERS AND SUNSHINE SCHOOL

A94-20 AGREEMENT BETWEEN THE BOARD OF COUNTY

COMMISSIONERS AND LUTHERN FAMILY SERVICES

A94-21 AGREEMENT BETWEEN THE BOARD OF COUNTY

COMMISSIONERS AND CARE-A-VAN

A94-22 AGREEMENT BETWEEN THE BOARD OF COUNTY

COMMISSIONERS AND CROSSROADS SAFEHOUSE

A94-23 AGREEMENT BETWEEN THE BOARD OF COUNTY

COMMISSIONERS AND CATHOLIC COMMUNITY SERVICES/

NORTHERN

A94-24 AGREEMENT BETWEEN THE BOARD OF COUNTY

COMMISSIONERS AND VCH OPPORTUNITY CENTER

A94-25 AGREEMENT CONCERNING ROAD IMPROVEMENTS ON

COUNTY ROAD 11C BETWEEN THE BOARD OF COUNTY

COMMISSIONERS AND ARTHER J. DUMONT - #167

D94-05 DEED OF DEDICATION BY THE FIRST NATIONAL BANK

OF LOVELAND, TRUSTEE, AND ROBERT SCHNEIDER

R94-19s FINDINGS AND RESOLUTION CONCERNING THE

PRELIMINARY PLAT OF GOOSE HOLLOW ESTATES

SUBDIVISION

R94-20s FINDINGS AND RESOLUTION CONCERNING THE EXTENSION

OF TIME TO RECORD THE PLAT OF LAMY MINOR

RESIDENTIAL DEVELOPMENT

R94-21s FINDINGS AND RESOLUTION CONCERNING THE EXTENSION

OF TIME TO RECORD THE PLAT OF VAN RIPER MINOR

RESIDENTIAL DEVELOPMENT

R94-22s FINDINGS AND RESOLUTION CONCERNING THE

PRELIMINARY PLAT OF LA MADRINA SUBDIVISION

Motion carried 3 - 0.

At this time, Assistant County Attorney Jeannine Haag joined the meeting for Legal Matters.

Ms. Haag reported on the case concerning the Logan Property at Virginia Dale. The Court decreed that the property needs to be cleaned up 45 days from last Friday; if not, the County is authorized to go on the property to remove the debris and submit any costs incurred and a lien will be placed on the property to cover the costs. If the County becomes responsible for the cleanup, a professional will be hired at an expected cost of approximately $1,500.

The meeting recessed at 10:55 a.m.

MEETING REGARDING RESTRUCTURING 1984 SERIES A

SINGLE FAMILY MORTGAGE REVENUE BONDS

(#444 @ 2500)

The Board of County Commissioners reconvened at 1:30 p.m. in regular session with Bob Grewell, Director of Finance. Chair Duvall presided and Commissioner Hotchkiss was present; Commissioner Disney was attending a Subcommittee Meeting of the Transportation Steering Committee in Denver. Also present were: Larry Aubrecht, Kemper Securities; Richard B. Bowles, Attorney at Law; Jeannine Haag, Assistant County Attorney; and Bill Gordon, County Administrator. Recording Clerk, S. Graves.

On January 11, 1994, a plan was presented, and approved by the Board, to restructure the Larimer County Single Family Mortgage Revenue Bonds, 1984 Series A. At that time, Kemper proposed replacing these 11.75% bonds, which have been tendered, with taxable bonds at 8% with revenues of $350,000 to apply against the 1981 and 1983 bonds.

The purpose of today's meeting is for the Board to enter into a bond purchase agreement and adopt a resolution authorizing the issuance and sale of $1,626,657.45 taxable single family mortgage revenue refunding bonds, Series 1994A, for refunding the 1984 Series A Bonds. Mr. Grewell and Ms. Haag both indicated their support for proceeding with this action; Ms. Haag stated that the County is not increasing their liability and this action places the County in a much better position.

M O T I O N

Commissioner Hotchkiss moved that the Board adopt the Resolution authorizing the issuance and sale of $1,626,657.45 Larimer County, Colorado taxable Single Family Mortgage Revenue Refunding Bonds, Series 1994A for the purpose of refunding in part Larimer County, Colorado Single Family Mortgage Revenue Bonds, 1984 Series A (Larimer County and Weld County Program); ratifying certain action heretofore taken; authorizing the execution and delivery by Larimer County of Indenture of Trust, Bond Purchase Agreement, First Supplemental Indenture, Escrow Agreement, Closing Documents and such Bonds in connection therewith; making determinations as to the sufficiency of revenues and as to other matters; and repealing action heretofore taken in conflict herewith, and authorize the Chair to sign same.

Motion carried 2 - 0.

R94-23g RESOLUTION AUTHORIZING THE ISSUANCE AND SALE

OF $1,626,657.45 TAXABLE SINGLE FAMILY MORTGAGE

REVENUE REFUNDING BONDS, SERIES 1994A FOR

REFUNDING IN PART SINGLE FAMILY MORTGAGE

REVENUE BONDS, 1984 SERIES A

The meeting adjourned at 2:05 p.m.


____________________________________

JANET S. DUVALL, CHAIR

BOARD OF COUNTY COMMISSIONERS

( S EA L )

ATTEST:



______________________________________

Sherry E. Graves, Deputy County Clerk