TC Minutes 11-26-19960"
MINUTES OF THE REGULAR MEETING OF THE TOWN COUNCIL
HELD NOVEMBER 26, 1996 - 5:30 P.M.
A regular meeting of: the Town Council of the Town of Avon,
Colorado was held in the Municipal Building, 400 Benchmark Road,
Avon, Colorado, in the ,Council Chambers.
The meeting was called to order by Mayor Jack Fawcett at 5:34 PM.
A roll call was taken with Councilors Richard Carnes, David
Gilman, Bob McIlveen, Buz Reynolds, Jr., and Judy Yoder present.
Councilor Jim Benson was absent. Also present were Acting Town
Manager Larry Brooke, Town Clerk Patty Lambert, Town Attorney
John Dunn, Town Engineer Norm Wood, Police Chief Gary Thomas,
Fire Chief Charlie Moore, Administrative Assistant Jacquie
Hal.burnt, and Finance Director Scott Wright, as well as members
of the press and public.
Ordinances:
First Reading of Ordinance No. 96-20, Series of 1996, AN
ORDINANCE CONCERNING GENERAL OBLIGATION BONDS OF THE TOWN OF
AVON, COLORADO (THE "TOWN"); AUTHORIZING THE ISSUANCE AND SALE OF
THE TOWN'S GENERAL OBLIGATION BONDS IN THE AGGREGATE PRINCIPAL
AMOUNT OF $3,500,000'FOR THE PURPOSE OF ACQUIRING, CONSTRUCTING,
ERECTING AND INSTALLING ROUNDABOUTS AND TRAFFIC IMPROVEMENTS;
PROVIDING DETAILS CONCERNING THE BONDS, THEIR FORM, THEIR SALE
AND FUNDS RELATING THERETO; PROVIDING FOR THE LEVY OF GENERAL AD
VALOREM TAXES TO PAY THE PRINCIPAL OF AND INTEREST ON THE BONDS;
RATIFYING ACTION HERETOFORE TAKEN AND RELATING TO.SUCH BONDS;
PROVIDING OTHER MATTERS RELATING THERETO; AND REPEALING ALL
ORDINANCES IN CONFLICT HEREWITH
Director of Finance Scott Wright introduced Mr. David Bell of
Hanifen Imhoff.
Mr. Bell reviewed the Ordinance and the current conditions of the
market place.
Councilor Yoder motioned to approve on first reading Ordinance
No. 96-20, Series of 1996. Councilor Gilman seconded the motion.
Mayor Fawcett called for a roll call vote.
The motion carried unanimously.
FSA Municipal Bond Insurance Commitment
Councilor Reynolds motioned to authorize the Mayor to sign the
letter dated November 26, 1996 authorizing FSA Financial Security
Assurance Inc. that they will be used for the $3.5 million loan.
Councilor Yoder seconded the motion and the motion carried
unanimously.
Ordinances:
First Reading of Ordinance No. 96-21, Series of 1996, AN
ORDINANCE ENACTING RULES AND REGULATIONS RELATING TO THE TOWN'S
WATER SUPPLY SYSTEM AND PROVIDING PENALTIES FOR THE VIOLATION
THEREOF
Town Attorney John Dunn reviewed, the Ordinance.
Councilor Gilman motioned to adopt on first reading ordinance No.
96-21, Series of 1996. Councilor Yoder seconded the motion.
Mayor Fawcett called for a roll call vote.
The motion carried unanimously.
Town Attorney Report:
Town Attorney Dunn :reviewed an escrow agreement between Riverview
Park Associates, Inc., the Town, and First Bank of Avon. This
agreement relates to the Brookside development. Town Attorney
Dunn presented exhibits A & B, to be attached to the original
document. At the present time, the completion of public
improvements by Riverview Park Associates, at the Brookside
development, is guaranteed by a letter of credit, which was
issued by First Bank of Avon. That letter of credit expires on
Friday of this week. The preference of First Bank is to
substitute, for the letter of credit, an escrow agreement.
Councilor Reynolds motioned to approve the escrow agreement dated
November 7, 1996 for the Riverview.Park Associates. Councilor
Gilman seconded the motion and the motion carried unanimously.
Mayor Report:
Mayor Fawcett noted this was his first council meeting that he
has conducted. Mayor Fawcett expressed how honored he was to be
here'and how honored he was to be working with the finest council
available anywhere.
Consent Agenda:
a.) Approval of the November 12, 1996 Council Meeting Minutes
b.) Recreation Dept. / Holiday Party Contracts
1.) Hyatt Regency 2.) Resort Entertainment
c.) Recreation Center / Colorado Activities Center Contract
d.) Recreation Center / C02 Contract for 1997
e.) Audit Engagement Letter
f.) Roundabout / Ourston & Doctors Design Services Contract
g.) Roundabout / Western States Land Services Contract
h.) Resolution No. 96-56. Series of 1996, A RESOLUTION APPROVING
AN ADDENDUM TO THE AGREEMENT FOR ASSUMPTION OF WATER SERVICE
BETWEEN THE'AVON METROPOLITAN DISTRICT AND THE TOWN OF AVON
AND RELATING TO THE AVON VILLAGE RECEIVABLE AND CERTAIN COST
RECOVERY AGREEMENTS
i.) Street Repair & Improvements / Change Order Number 4
J.) Resolution No. 96-54, Series of 1996, A RESOLUTION APPROVING
THE FINAL PLAT FOR LOTS 40A AND 40B, A RESUBDIVISION OF LOT
40, BLOCK 1, WILDRIDGE, TOWN OF AVON, EAGLE COUNTY, COLORADO
k.) Resolution No. 96-55, Series of 1996, A RESOLUTION APPROVING
THE FINAL CONDOMINIUM PLAT OF AVON PLAZA, LOTS 24, BLOCK 2,
BENCHMARK AT BEAVER CREEK, TOWN OF AVON, COUNTY OF EAGLE,
COLORADO
1.) Financial Matters
Councilor Yoder motioned to approve the Consent Agenda.
Councilor Gilman seconded the motion and the motion carried
unanimously.
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There being no further business to come before Council, Mayor
Fawcett called for a motion to adjourn. Councilor Gilman moved
to adjourn. The motion was seconded by-Councilor Yoder. The
meeting was adjourned by Mayor Fawcett at 5:57 PM.
RESPECTFULLY SUBMITTED:
Patty Lambe t, CMC
Town Clerk
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