TC Resolution 17-08 Approving the Expenditure of Community Enhancement FundsTOWN OF AVON
RESOLUTION NO. 17-08
SERIES OF 2017
A RESOLUTION OF THE TOWN COUNCIL OF THE TOWN OF
AVON, COLORADO, APPROVING THE EXPENDITURE OF
COMMUNITY ENHANCEMENT FUNDS FROM HOLY CROSS
ENERGY AS PROVIDED FOR IN ARTICLE 11, TOWN OF
AVON ORDINANCE NO. 2001-01, SERIES OF 2001
WHEREAS, the Town Council of the Town of Avon, Colorado, has approved Ordinance
No. 2001-01, Series of 2001 which granted a franchise to Holy Cross Energy; and
WHEREAS, Article 11 of Ordinance No. 2001-01 provides that Holy Cross Energy will
voluntarily make monetary resources available to the Town for programs designed to make a
difference in people's lives and the communities in which they reside; and
WHEREAS, Section 11.1 of Ordinance No. 2001-01 limits the use for which such
funds shall be spent shall to: (1) Beautification projects; (2) Energy conservation projects;
(3) Equipment and technology upgrades for schools; (4) Scholarship funds; (5) Acquisition
of open space and/or park land and development thereof, (6) Sponsorship of special
community events; and, (7) Undergrounding of overhead electric and other utility lines.
Funds made available under this Article may be spent for other purposes only with the
express written consent of the Company; and
WHEREAS, Section 11.4 of Ordinance No. 2001-01, provides that the Town Council
is required to approve the expenditure by resolution or ordinance duly enacted by the Town
Council, and such resolution or ordinance shall clearly describe the nature and purpose of the
project for which the expenditure is made and that prior to any expenditure, the Town shall
notify the Company of its intended use of the funds. Unless the Company objects, in writing,
prior to such expenditure, the Company shall have waived its right to object in the future if
the funds are expended for the use identified in the notice.
NOW, THEREFORE, BE IT RESOLVED BY THE TOWN COUNCIL OF THE
TOWN OF AVON, COLORADO:
Section 1. The Avon Town Council approves utilizing the Holy Cross Enhancement
Funds as shown in Exhibit A attached hereto. The Town Council believes that the
expenditure of these funds meets the intent and purpose of Article 11 of Ordinance No. 2001-
01 and the projects as described in Article 11.1 hereof.
Section 2. Town staff will forward this resolution to Holy Cross Energy to comply with
Section 11.4 of Ordinance No. 2001-01, Series of 2001.
Town of Avon
Resolution No. 17-08
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ADOPTED this 9"' day of May, 2017.
T WN OF AVON COLORADO
Jei pie Fancher, Mayor
ATTEST:4CIerk
OFq!'o,�EAL:
Debbie HoppLORA`�d
Town of Avon
Resolution No. 17-08
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