HomeMy Public PortalAboutTBM 1983-05-04BRADFORD PUBLISHING CO., DENVER
RECORD OF PROCEEDINGS
Nay 4, 1983
Fraser Town Council
iiayor Leonard called the meeting to order at 7 :30 p.m. Board present were
Clayton, Tucker, Finlay, LcDowell and Johnston.
Bills presented for payment:
Jude Brown- Feb- Nay 200.00
Judge Petersen- Feb. nay 400.00
Conte Rovers- 1/2 ins. 99.89
Boyes Agency 4349.31
NFi supplies 38
Kerber 611 367.30
heckles- vouchers 51.88
Unites Labs. cleaning supp. 268.36
&ky hi News 331.10
iublic Service 288.88
uranby auto- 8.17
darag;e 8.10
Ace Hardware 249.62
Hartlaub 1863.03
ueand County- police Fed. April 6663.00
brandisposal 57.00
ht. Bell 75.22
Bouderaux 400.00
V. Winter 1100.00
E. Johnson 1280.00
r Rogers 1600.00
Clayton made a motion to pay these bills, 2nd Tucker, carried.
Don Campbell and Bill Boyes the Insurance agent for the Town explained the coverages
that the town has to date. Board discussed various parts of the policies. Boyes
presented an option that the Town could take out an additional policy called an
umberalla policy that covers all of the gaps that would exsist in the other coverages.
Approx. cost of this additional policy would be $500.00.
Clayton made a notion to have the other policy 2nd Finlay. carried.
on Drake reviewed the V.V. easment from Jack Randall. Randall had indicated that
he would give an easment for the approx. 20,000 sq/ ft. needed for lines and well
location, cost is .51G per sq. ft. or approx. $10,000. Clayton made a motion to approve
this easment cost figure, Finlay 2nd, carried.
Drake also reported that North Star Well Drilling was given the bid for the wells.
Start time is expected to be next Monday., and pipeline bids are expectrd to be let by
Aug. 1.
NcDowell reported that no time share interest had been deeded for the Divide.
N cDowell also reported that the Town of Winter Park had appointed their transportation
rep. to investigate sites within the area for the Amtrak stop. Board will invite the
member to the next meeting to discuss possible site within the Town.
Board called for an excutive session to discuss Town staff problems. 8:20 p.m.
B oard adjourned at 9 :30 p.m..
PROPOSED DEBT CURRENT
12/ 1/1983 15000 5.500 98800.00 113800.00 243150.00 129350.00
12/ 1/1984 35000 6.000 147375.00 182375.00 `182362.50 12.50
12/ 1/1985 35000 6.500 145275.00 180275.00 182362.50 2087.50
12/ 1/1986 70000 7.000 193000.00 213000.00 212362.50 637.50
12/ 1/1987. 85000 7.500 138100.00 223100.00 224062.50 962.50
12/ 1/1988 100000 8.000 131725.00 231725.00 233887.50 2162.50
12/ 1/1989 115000 8.250 123725.00 238725.00 271837.50 -33112.50
12/ 1/1990 125000 8.500 114237.50 239237.50 309237.50 -70000.00
12/ 1/1991 130000 8.750 103612.50 233612.50 360250.00 126637.50
12/ 1/1992 150000 9.000 92237.50 242237.50 417125.00 174887.50
12/ 1/1993 170000 9.250 78737.50 248737.50 587600.00 338862.50
12/ 1/1994 190000 9.500 63012.50 253012.50 253012.50
12/1/1995 215000 9 44962.50 259962.50 259962.50
12/ 1/1996 240000 7000 24000.00 264000.00 264000.00
.;TOTALS 1675000 1448800.00 3123800.00 3224237.50 100437.50
IBA RATE
BOND TRS
DATE PRINCIPAL RATE INTEREST TOTAL DEPT INCREASE
9.295290
455 6
T1,675,000
TOWN OF FRASER
GENERAL OBLIGATION WATER BONDS
PROPOSED REFUNDING PONDS
AS OF APRIL 29, 1983
LESS FUNDS OF THE TOWN 130000.00
HET DEBT INCREASE
PRESENT VALUE OF SAVINGS AT 9,9 PER CENT IS S72961
29562.50