Laserfiche WebLink
<br />Letter to Unda Bassi <br />January 15, 1999 <br />Page 2 <br /> <br />r~' <br />(, .' <br />, , <br />. <br /> <br />State of Colorado each ,:ear, until the entire amount is paid in full. Given :he amount expected <br />for repayment' of the loan, and the amounts which the City has been receivino. it is not <br />anticipated that there will be any prOblem in generating the funds necessary for repayment This <br />pledge will be irrevocable and shall be held for payments in all future fiscal years, pursuant to <br />requirements specified in 4(b) of Article X, see, 20, <br /> <br />In summary, the City will not be imposing any additional taxes for repayment to the State of <br />Colorado, nor is the City prohibited by spending and revenue limitations of Tabor, and the <br />pledge of the drainage and flood control portion of the City sales tax is more than sufficient to <br />meet requirements, as specified in 4(b) of the Taxpayers Bill of Rights. <br /> <br />If you need any additional information, or should have any further issues, please advise me of <br />same, so that I may address them as expeditiously as possible, as it is my understanding that <br />the State will be meeting with Public Works Director Kiolbasa in the near future, <br /> <br /> <br />~~ <br /> <br /> <br />Douglas RAsmus <br />City Attomey <br /> <br />ks <br /> <br />enc. <br /> <br />'. <br /> <br />. <br /> <br />EO'd <br /> <br />cE90 lcS OL6 'ON X\i:l <br /> <br />8NI1H31S :10 A1I8 W\i L9:80 IH:I 66-S(-N\ir <br />