Item Coversheet

VAIL TOWN COUNCIL AGENDA MEMO

ITEM/TOPIC:   Ordinance No. 2, Series 2021, an Ordinance concerning financing improvements to the Public Works facility and authorizing the execution and delivery of a site lease, lease purchase agreement and related documents, and declaring an emergency.

PRESENTER(S):   Kathleen Halloran, Finance Director

ACTION REQUESTED OF COUNCIL:   Approve Ordinance No. 2, Series 2021

BACKGROUND:   Please see attached memorandum.  Purpose of emergency ordinance is to facilitate a locked interest rate on the financing.  Closing is scheduled for February 17,2021.

STAFF RECOMMENDATION:   Approve Ordinance No. 2, Series 2021

ATTACHMENTS:
Description
pw shops
ppt