Loading...
TC Ord. No. 1980-15F F;. p Y.'. 4' C 4 ~ C 0 ORDINANCE NO. 80-15 AN ORDINANCE AUTHORIZING THE ISSUANCE OF THE TOWN OF AVON'S GENERAL OBLIGATION BONDS FOR THE PUR- POSE OF CONSTRUCTION AND ACQUISITION OF A MUNICI- PAL COMPLEX, RAILROAD CROSSING AND BRIDGE OR OTHER MUNICIPAL CAPITAL IMPROVEMENTS AND PRO- VIDING DETAILS IN REGARD THERETO. WHEREAS, the Charter for the Town of Avon, Colorado au- thorizes the issuance of general obligation bonds by the Town, of Avon (the "Town") in an amount not in excess of $5,000,000 without the approval of the electors of the Town; and WHEREAS, the Town Council of the Town has determined and hereby determines that it is in the best interests of the Town and its inhabitants and taxpayers thereof that negotiable coupon general obligation bonds be issued in the principal amount of $1,385,000 (the "Series 1980A Bonds") for the purpose of financing the construction and acquisition of a municipal complex, a railroad crossing and a municipal bridge or other municipal capital improvements (herein the "Project"); and WHEREAS, the Series 1980A Bonds shall be general obliga- tion bonds of the Town for which the Town shall pledge its full faith and credit. 2 NOW, THEREFORE, BE IT ORDAINED BY THE TOWN COUNCIL OF THE TOWN OF AVON, COLORADO: 1. For the purpose of providing funds for the Project, the Town shall issue its negotiable coupon General Obligation Bonds, in the aggregate principal amount of $1,385,000 (the "Series 1980A Bonds"), dated June 1, 1980, consisting of 277 bonds in the denomination of $5,000 each, numbered 1 to 277, inclusive, payable in lawful money of the United States of America, to bear interest from June 1, 1980 as evidenced by "A" interest coupons attached thereto, such interest payable December 1, 1980 and semiannually thereafter on the 1st day of June and the 1st day of December thereafter. In addition to the interest evidenced by the "A" coupons, the Series 1980A Bonds maturing on and after December 1, 1990 shall bear inter- est_ evidenced by separate detachable "B" coupons evidencing interest payable semiannually at the rate of nine-tenths per- cent (.9%) per annum in addition to.interest otherwise accruing which shall begin accruing on July 1, 1980 and which shall be payable on December 1, 1983 and semiannually thereafter on the first day of June and the first day of December through and including June 1, 1986, and such Bonds to bear interest at the rates and mature serially on the dates and in the amounts set forth below: 3 Interest Rate Interest Rate (Per Annum) (Per Annum) Maturity Amount "A" Coupons "B" Coupons 12/1/83 $ 10,000 9.20% .0% 12/1/84 10,000 9.20 .0 12/1/85 20,000 9.20 .0 12/1/86 25,000 9.20 .0 12/1/87 30,000 9.20 .0 12/1/88 35,000 9.20 .0 12/1/89 35,000 9.20 .0 12/1/90 70,000 9.20 .9 12/1/91 70,000 9.10 .9 12/1/92 80,000 9.20 .9 12/1/93 85,000 9.25 .9 12/1/94 95,000 9.30 .9 12/1/95 105,000 9.35 .9 12/1/96 120,000 9.40 .9 12/1/97 130,000 9.45 .9 12/1/98 140,000 9.50 .9 12/1/99-- 155,000 9.50 .9 12/1/2000 170,000 9.50 .9 The Series 1980A Bonds maturing on or before December 1, 1990, are not redeemable prior to their respective maturity dates. The Series 1980A Bonds maturing in the years 1991 to 2000, inclusive, are redeemable in inverse numerical order at the option of the Town on December 1, 1990, and on any interest payment date thereafter, upon payment of par and accrued inter- est. Notice of redemption of the Series 1980A.Bonds shall be given by the Town Clerk in the name of the Town by publication of such notice at least once, not less than 30 days prior to the redemption date, in a newspaper of general circulation in 4 the Town, and a copy of such notice shall be sent by registered first-class United States mail, postage prepaid, at least 30 days prior to the redemption date, to Boettcher & Company and to United Bank of Denver, Denver, Colorado, as paying agent (the "Paying Agent"). Such notice shall specify the name, series and number or numbers of the Series 1980A Bonds to be so redeemed (if less than all are to be redeemed), the date fixed for redemption, the place of redemption, which shall include the office of the Paying Agent, and shall further state that on such redemption date there will become and be due and payable upon each Bond so to be redeemed the principal amount thereof, i accrued interest to the redemption date and the stipulated premium, if any, and that from and after such date interest on such Series 1980A Bond or Bonds will cease to accrue. Notice having been given in the manner hereinbefore provided, the Series 1980A Bond or Bonds so called for redemption shall become due and payable on the redemption date so designated. Upon presentation of the Series 1980A Bond or Bonds so called for redemption at the office of the Paying Agent, together with all appurtenant coupons maturing subsequent to the redemption date, the Town will pay such Series 1980A Bond or Bonds. The Series 1980A Bonds shall be fully negotiable, and the holder or holders thereof shall possess all rights enjoyed by 0 0 5 the holders of negotiable instruments under the provisions of the Uniform Commercial Code--Investment Securities. The net effective interest rate on the Bonds shall be 9.9245% V The principal of and interest on any Bond shall be payable- at the principal office of the Paying Agent upon presentation of such Bond or the coupons appurtenant thereto to such paying agent. The Bond shall be signed with the facsimile signature of the Mayor of the Town, shall bear a facsimile of the seal of the Town and shall be attested by the manual signature of the Town Clerk, and each of the Bonds shall have attached thereto coupons bearing the facsimile signature of the Mayor. Should any officer, whose signature or facsimile signature appears on the Bonds or the coupons attached thereto, cease to be such officer before delivery of the Bonds to the purchaser, such signature or facsimile signature shall nevertheless be valid and sufficient for all purposes. 2. The Bonds and the coupons thereto attached shall be in substantially the following form: b (Form of Bond) UNITED STATES OF AMERICA STATE OF COLORADO COUNTY OF EAGLE TOWN OF AVON GENERAL OBLIGATION BOND SERIES 1980A No. $5,000 The Town of-Avon, Colorado (the "Town"), for value re- ceived, hereby acknowledges itself indebted and promises to pay to the bearer hereof the principal sum of FIVE THOUSAND DOLLARS in lawful money of the United States of America, on the lst day of December, , with interest thereon at the rate of percent per annum, payable December 1, 1980, and semiannually thereafter on the 1st day of June and the 1st day of December of each year, as evidenced by interest coupons designated A Coupons hereto attached, principal of and interest on this Bond being payable at the principal office of United Bank of Denver, Denver, Colorado upon presentation of said coupons and this Bond as they severally become due. In addi- tion to the A Coupons, Bonds of this issue maturing on and after December 1, 1990 shall have coupons designated B Coupons attached thereto at issuance, such B Coupons evidencing inter- est payable semiannually at the rate of nine-tenths percent 7 (.9%) per annum, in addition to interest otherwise accruing, which shall begin accruing on July 1, 1980 and which shall be payable on December 1, 1983 and semiannually thereafter, on the first day of June and the first day of December, through and including June 1, 1986. This Bond is one of an authorized issue of bonds of the Town in the aggregate principal amount of $1,385,000 (the "Series 1980A Bonds"), issued for the purpose of providing funds-for the construction and acquisition of a municipal complex, a railroad crossing and a municipal bridge or other municipal capital improvements, by virtue of and in full con- e formity with the Constitution and laws of the State of Colo- rado, and the Charter for the Town of Avon, Colorado (the "Charter"); and it is hereby certified and recited that all of the requirements of law have been fully complied with by the proper officers in issuing this Bond. The series 1980A Bonds maturing on or before December 1, 1990 are not redeemable prior to their respective maturity dates. The Series 1980A Bonds maturing in the years 1991 to 2000, inclusive, are redeemable in inverse numerical order at the option of the Town on December 1, 1990 and on any interest payment date thereafter, upon payment of par and accrued inter- est. 'Redemption shall be made upon not less than 30 days • 8 notice by publication in the manner and upon the conditions provided in the ordinance authorizing the issuance of this Bond. It is hereby further certified, recited and warranted that the total indebtedness of the Town, including that of this Bond, does not exceed any limit prescribed by the Constitution or laws of the State of Colorado or the Charter, that provision has been made for the levy and collection of annual taxes sufficient to pay principal of and interest on this Bond when the same shall become due, and that this Bond was authorized by an Ordinance of the Town Council of the Town, duly adopted and approved prior to the issuance hereof. The full faith and credit of the Town are hereby pledged for the punctual payment of the principal of and interest on this Bond. IN TESTIMONY WHEREOF, the Town of Avon, Colorado has caused this Bond to be signed with the facsimile signature of its Mayor, sealed with a facsimile of the seal of said Town, attested by the manual signature of its Town Clerk, and the coupons to be signed with the facsimile signature of its Mayor, all as of the lst day of June, 1980. [FACSIMILE SEAL] Attest: [Facsimile Signature] Mayor [Do Not Sign] Town Clerk 9 (Form of Coupon) No. $ On the 1st day of June/December, , the Town of Avon, Colorado will pay to bearer the amount shown hereon, in lawful money of the United States of America, at the principal office of United Bank of Denver, Denver, Colorado, being interest then due on its General Obligation Bond, dated June 1, 1980, bearing Number Coupon No. A [Coupon No. B ] [Facsimile Signature] Mayor [Approving Legal Opinion of Messrs. Rutak Rock & Huie to be printed on the back of the Bond.] LEGAL OPINION CERTIFICATE The undersigned Clerk of the Town of Avon, Colorado hereby certifies that in connection with the issuance of this Bond an opinion in substantially the following form was delivered to the Town of Avon, Colorado. [Facsimile Signature] Town Clerk 10 [Opinion for Reverse Side of Bond] TOWN OF AVON, COLORADO $1,385,000 GENERAL OBLIGATION BONDS SERIES 1980A We have examined a certified copy of the record of pro- ceedings of the Town Council of the Town of Avon in the County of Eagle, State of Colorado (the "Town"), relating to the issu- ance by the Town of its General Obligation Bonds, Series 1980A, in the aggregate principal amount of $1,385,000, to be numbered from 1 to 277, inclusive (the "Series 1980A Bonds"), dated as of June 1, 1980. The Series 1980A Bonds are issued in negoti- able coupon form in the denomination of $5,000 each and bear interest from their date evidenced by "A" Coupons, and payable semiannually, commencing December 1, 1980, on December 1 and June 1 of each year to maturity or prior redemption. In addition to interest evidenced by "A" Coupons, Series 1980A Bonds maturing on and after December 1, 1990 bear interest evidenced by supplemental "B" Coupons, accruing from July 1, 1980 and payable on December 1, 1983 and semiannually thereafter, on the first day of June and the first day of December, through and including June 1, 1986. The Series 1980A Bonds bear interest at the rates per annum for the "A" Coupons and "B" Coupons, and mature serially on December 1 in each of the years and in the principal amounts set forth below: 11, Dates Maturing (December 1) Amounts Maturing Interest Rate (Per Annum) "A" Coupons Interest Rate (Per Annum) "B" Coupons 1983 $ 10,000 9.20% .0% 1984 10,000 9.20 .0 1985 20,000 9.20 .0 1986 25,000 9.20 .0 1987 30,000 9.20 .0 1988 35,000 9.20 .0 1989 35,000 9.20 .0 1990 70,000 9.20 .9 1991 70,000 9.20. .9 1992 80,000 9.20'; .9 1993 85,000 9.25; .9 1994 95,000 9.30, .9 1995 105,000 9.35 .9 1996 120,000 9.40; .9 1997 130,000 9.45 .9 1998 140,000 9.50' .9 1999 155,000 9.50 .9 2000 170,000 9.50 .9. The Series 1980A Bonds are issued by the Town for the purpose of financing the construction and acquisition of a municipal complex, a railroad crossing and a municipal bridge or other municipal capital improvements under the authority of and in full conformity with the Constitution and laws of the State of Colorado and the Charter for the- Town of Avon (the "Charter"), and pursuant to an ordinance of the Town Council of the Town duly adopted on June 10, 1980 (the "Ordinance"). In addition, a portion of the proceeds of the Series 1980A Bonds will be used to pay the issuance expenses of the Series 1980A Bonds. 12 The Series 1980A Bonds maturing on or before December 1, 1990 are not subject to redemption prior to maturity. The Series 1980A Bonds maturing in the years 1991 to 2000, inclu- sive are redeemable in inverse numerical order, at the option of the Town on December 1, 1990 and on any interest payment date thereafter, upon payment of par and accrued interest. Principal of and interest on the Bonds are payable at the office of United Bank of Denver, Denver, Colorado, as Paying Agent. The Series 1980A Bonds and the Ordinance provide that the Bonds shall be general obligations of the Town and that the full faith and credit of the Town are pledged for the payment thereof. We have also examined Bond No. 1 of said issue of Bonds and have found it to be in proper form and executed by the proper officers of the Town. Based upon our examination as set forth above, it is our opinion that the Series 1980A Bonds, issued in the aggregate principal amount of $1,385,000, are valid and legally binding obligations of the Town, enforceable in accordance with their terms, and'have been issued in accordance with the Constitution and laws of the State of Colorado now in force and the Charter and the proceedings show lawful authority for the issuance of I \ 0 13 the Bonds. The obligations of the Town, however, may be subject to general principles of equity which may permit the exercise of judicial discretion, are subject to the reasonable exercise in-the future by the State of Colorado and its governmental bodies of the police power inherent in the sovereignty of the State of Colorado and are subject to the exercise by the United States of the powers delegated to it by the federal Constitution. It is also our opinion that, as of the date hereof, the interest on the Bonds is exempt from federal income taxes under existing laws, rules, regulations and interpretations and, under the existing laws of Colorado, the interest on the Bonds is exempt from all Colorado individual and corporate income taxes. We did not partake in the preparation of the offering materials, including the Official Statement, relating to the issuance and sale of the Series 1980A Bonds nor have we assumed any responsibility with respect thereto or undertaken to verify any of the information contained therein except for the para- graph in the Official Statement entitled "Town of Avon Real Estate Transfer Tax" under the section headed "RISK FACTORS" ` and the section of the Official Statement headed "THE SERIES 1980A BONDS." Holders of the Series 1980A Bonds are not 14 entitled to rely upon us as being responsible for such mate- rials. Respectfully, KUTAK ROCK & HUIE 3. The Series 1980A Bonds, when executed as provided,by law, shall be delivered to the purchaser thereof, Boettcher & Company of Denver, Colorado, upon payment to the Town'of a sale price equal to 96.5% of the principal amount of the Series 1980A Bonds in accordance with the contract of purchase'-for the • Series 1980A Bonds between the Town and Boettcher & Company dated May 27, 1980. As additional compensation to Boettcher and Company, Boettcher and Company are entitled to detach and retain for their own account the B coupons. 4. The Town Council of the Town shall annually deter- mine, fix and certify a rate of levy for ad valorem taxes to the Board of County Commissioners of Eagle County, Colorado, which, when levied on all of the taxable property in the Town, in each of the years 1980 to 2000, inclusive, will raise ad valorem tax revenue which, when added to other funds of the Town legally available therefor, will be sufficient to promptly and fully pay the principal of and interest on the Series 1980A Bonds.as the same become due. 15 5. The Official Statement dated May 27, 1980 relating to the offering and sale of the Series 1980A Bonds (the "Official Statement"), prepared by Stanley F. Bernstein, in the form presented to this meeting, is authorized and approved, and the circulation of the Official Statement by Boettcher & Company, in connection with the offering and sale of the Series 1980A Bonds is hereby approved and ratified. The Mayor and the Town Clerk of the Town are hereby directed and authorized to execute the Official Statement in substantially the form presented to this meeting, with such changes therein as the Mayor shall deem appropriate, the execution of the Official Statement by the Mayor and the Town Clerk to conclusively evidence the Town's approval of any changes therein from the form presented at this meeting. 6. The Mayor and the Town Clerk of the Town are hereby authorized and directed to execute a "no-arbitrage certificate" and other documents relating to the issuance of the Series 1980A Bonds in substantially the form presented to this meeting as well as any other documents otherwise necessary or desirable for the closing of the transactions contemplated by this Ordin- ance. 7. Any provision of this ordinance to the contrary notwithstanding, the Town may issue additional bonds or other 16 additional securities having a lien on revenues of the Town on a parity with or subordinate to, but not prior or superior to, the lien thereon of the Series 1980A Bonds authorized herein. 8. The Town covenants with Boettcher & Company and the holders of the Series 1980A Bonds that it will make no use of the proceeds of such Series 1980A Bonds at any time during the term thereof which, if such use had been reasonably expected on the date the Series 1980A Bonds are issued, would have caused the Series 1980A Bonds to be "arbitrage bonds" within the meaning of Section 103(c) of the Internal Revenue Code of 1954, as amended, unless, under any provision of law hereafter en- acted, the interest paid on the Series 1980A Bonds (a) shall be excludable from the gross income of a recipient thereof for federal income tax purposes without regard to whether or ,not such Series 1980A Bonds are arbitrage bonds, or (b) shall be exempt from all income taxation. 9. The Town Council hereby finds and determines that all provisions and limitations imposed upon the issuance of the Series 1980A Bonds under the Charter, and by all other applic-, able laws, have been met. 10. This ordinance is, and shall constitute, a legisla- tive measure of the Town, and after the Bonds hereby authorized are issued, sold and are outstanding, this ordinance shall 17 constitute a contract between the Town and the holder or holders of the Bonds, and shall be and remain irrepealable until the Series 1980A Bonds, and the interest accruing thereon shall have been fully paid, satisfied and discharged. 11. If any paragraph, clause or provision of this Ordin- ance is judicially adjudged invalid or unenforceable, such judgment shall not affect, impair-or invalidate the remaining paragraphs, clauses or provisions hereof, the intention being that the various paragraphs, clauses or provisions hereof are severable. 12. All acts, orders and resolutions, and parts thereof, in conflict with this Ordinance.are hereby rescinded. ADOPTED AND APPROVED on first reading this 27th day of May, 1980. `,ADOPTED AND APPROVED on second reading this day of 1980. UEALI kX4, Mayo" 0 18 The said motion to adopt the foregoing Ordinance was duly seconded by Councilman HUGH PRICE , put to a vote and carried on first and second readings, the members of said Town Council voting as follows: First Reading Those Voting Aye: Councilmen: BILL DOYLE STEVE ERICKSON ALLAN NOTTINGHAM HUGH PRICE CAROL RICHARDS A.J. WELLS Those Voting No: Second Reading Those Voting Aye: Councilmen: 0, BILL DOYLE STEVE ERICKSON ALLAN NOTTINGHAM HUGH PRICE CAROL RICHARDS A.J. WELLS Those Voting No: Thereupon the Mayor declared said motion carried and said Ordinance adopted, and the Town Clerk was directed to enter the foregoing proceedings and Ordinance upon the minutes of said Council. 19 Thereupon, after considering matters not relating to the Bonds, the meeting adjourned. f SF'AT.1 i May /V/ 1 STATE OF COLORADO ) COUNTY OF EAGLE ) SS TOWN OF AVON ) NOTICE IS HEREBY GIVEN OF A PUBLIC HEARING BEFORE THE TOWN COUNCIL OF THE TOWN OF AVON, COLORADO, AT 7:30 P.M. ON THE 10th DAY OF JUNE, 1980 AT THE TOWN HALL FOR THE PURPOSE OF CONSIDERING ADOPTION OF ORDINANCE NO.#80-15, SERIES OF 1980: AN ORDINANCE AUTHORIZING THE ISSUANCE OF THE TOWN OF AVON'S GENERAL OBLIGATION BONDS FOR PURPOSE OF CONSTRUCTION OR ACQUISTION OF A MUNICIPAL COMPLEX, RAILROAD CROSSING, BRIDGE OR OTHER CAPITAL IMPROVEMENTS AND PROVIDING DETAILS IN REGARD THERETO. A copy of said Ordinance is attached hereto and is also on file at the office of the Town Clerk and may be inspected during regular business hours. Following this hearing, the Council may consider final passage of this Ordinance. This notice given and published by order of the Town Council of the Town of Avon, Colorado. Dated this 29, 1980. TOWN OF AVON, By. Qc' Town Clex POSTED AT THE FOLLOWING PUBLIC PLACES WITHIN THE TOWN OF AVON ON MAY 29, 1980. THE NORTHEAST SIDE OF THE BENCHMARK SHOPPING CENTER, AVON POST OFFICE, Page 2 Notice of Ordinance No.#80-15 THE 14AIN ENTRANCE OF EAGLE VALLEY BOWL, THE PESTER GAS STATION, THE TOWN OFFICE, SECOND FLOOR, BENCHMARK SHOPPING CENTER STATE OF COLORADO ) COUNTY OF EAGLE ) SS TOWN OF AVON ) I, Patricia J. Doyle, Town Clerk of the Town of Avon, Colorado, hereby certify that I caused a true and correct copy of the foregoing Statement and Certificate of Determination that the Ordinance No.#80-15, Series of 1980 and Ordinance No.#80- 17, 1980 are recorded in my office and that they were published in the Vail Trail, a.newspaper of general circulation in the Town of Vail, as evidenced by the affidavit of publication attached hereto, In witness whereof,I have hereunto set my hand and the seal of the Town of Avon, Colorado, this 10th day of July, 1980. TOWN OF AVON _ r 1 Patricia J. Doyl Town Clerk AN.EMERGENCY ORDINANCE AMENDING ORDINANCE NO. 80-15 ADOPTED BY THE TOWN COUNCIL OF THE TOWN OF AVON ON JUNE 10, 1980 AND PROVIDING DETAILS IN REGARD THERETO. WHEREAS, the Town Council of the Town of Avon, Colorado (the "Town") adopted ordinance No. 80-15 on June 10, 1980 (the "Ordinance") authorizing the issuance of general obli- gation bonds (the "Bonds") by the Town for the purpose of construction and acquisition of a municipal complex, railroad crossing and bridge or other municipal capital improvements; and WHEREAS, certain provisions of the Ordinance were in- correctly stated in the copies of the Ordinance submitted to the'Town Council of the Town on June 10, 1980 and this Emergency Ordinance will conform the `Ordinance to the terms and conditions agreed upon'by the Town and Boettcher & Company, the purchasers of the Bonds; and WHEREAS, this Emergency Ordinance will not increase the amounts required to be paid by the Town for the payment of principal of and interest on the Bonds over those adopted and approved by the Ordinance; and WHEREAS, the Town Council of the Town has determined and hereby determines that it is in the best interests of the Town and its inhabitants and taxpayers thereof that the ordinance be amended and that this be an emergency ordinance necessary for the preservation of the public peace, health, 2 safety and welfare by insuring a timely closing of the financing contemplated by the ordinance. NOW, THEREFORE, BE IT ORDAINED by the Town Council of the Town of Avon, Colorado: 1. Line 17 of paragraph 1 on page 2 of the ordinance which reads "payable on December It 1983 and semiannually thereafter on the" is hereby amended to read "payable on December 1, 1980 and semiannually thereafter on the". 2. The third line on page 7 of the Ordinance which reads "payable on December 1, 1983 and semiannually thereafter, on the" is hereby amended to read "payable on December 1, 1980 and semiannually on the". 3. Line 15 of the first full paragraph on page 10 of the Ordinance which reads "1980 and payable on December 1, 1983 and semiannually" is hereby amended to read "1980 and payable on December 1, 1980 and semiannually". ADOPTED AND APPROVED this 17th day of June, 1980. [SEAL] e s,;c : Town Clerk TOWN OF AVON, COLORADO v Ma The said motion toy,adopt the foregoing Emergency"' 1 a A.J.' Wells ,'Ordin'ance was duly'seconded by Councilman , put to a vote and carried on first readiing, the members of said Town;Council voting as follows: Those Voting Aye: Councilmen: Doyle Steve Erickson Allan Nottingham Hugh Price Carol Richards A. J. Wells Those Voting No: Thereupon the Mayor declared said motion carried and said Emergency ordinance adopted, and the Town Clerk was directed to enter the foregoing proceedings and Emergency ordinance upon the minutes of said Town.Council. Thereupon, after-considering matters not relating to the Emergency ordinance, the meeting adjourned.; [SEAL] tte t: Town Clerk Mayo 0 • NOTICE OF PUBLIC HEARING-' You are hereby notified that the following matter will be heard and considered at the meeting of the Avon Town Council on June 17, 1980, at 7:30 P.M. in the Town offices, 0082 East Beaver Creek Boulevard, Benchmark Center, Avon, Colorado, at which time and place you are hereby invited to be present. AN EMERGENCY ORDINANCE AMENDING ORDINANCE NO.#80-15 ADOPTED BY THE TOWN COUNCIL OF THE TOWN OF AVON ON JUNE 10, 1980 AND PROVIDING DETAILS IN REGARD THERETO. A copy of said Ordinance is attached hereto and it also on file at the office of the Town Clerk and may be inspected during regular business hours. Following this hearing, the Council may consider final passage of this Ordinance. Dated this 16th day of June, 1980: TOWN OF AVON, CC Town Clerk POSTED AT THE FOLLOWING PUBLIC PLACES WITHIN THE TOWN OF AVON ON JUNE 16, 1980: THE NORTHEAST SIDE OF THE BENCHMARK SHOPPING CENTER, AVON POST OFFICE THE MAIN ENTRANCE OF EAGLE VALLEY BOWL, THE PESTER GAS STATION, AND THE TOWN OFFICE, SECOND FLOOR, BENCHMARK SHOPPING CENTER.