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2002-69

A RESOLUTION

AUTHORIZING THE EXPENDITURE OF CERTIFICATE OF PARTICIPATION FUNDS AS PARTIAL FUNDING FOR CONSTRUCTION OF AN INLINE SKATING RINK AT THE WHITLOCK RECREATION CENTER.

WHEREAS, the City of Lakewood has received funding for construction of an inline skating rink at Whitlock Recreation Center through a Jefferson County Open Space development joint venture grant in the amount of $115,000, a Great Outdoors Colorado grant in the amount of $75,000, Conservation Trust Funds in the amount of $32,000 and is utilizing additional Community Development Block Grant Funds in the amount of $85,000; and,

WHEREAS, the City wishes to use a combination of the above named funds and Certificate of Participation funds for construction of the Whitlock inline hockey skating rink; and,

WHEREAS, Certificate of Participation funds in an amount not to exceed $75,000 will provide needed funding for the inline skating rink.

NOW, THEREFORE, BE IT RESOLVED by the City Council of Lakewood, Colorado, that:

SECTION 1. The City Council of the City of Lakewood Colorado hereby approves and authorizes the expenditure of funds from Certificate of Participation funds in an amount not to exceed $75,000 (Seventy Five Thousand Dollars), for partial funding to construct the inline hockey skating rink at the Whitlock Recreation Center.

SECTION 2. The City Manager is authorized to execute and the City Clerk to attest to contracts, in forms approved by the City Attorney, related to the construction of the Whitlock inline skating rink.

SECTION 3. This Resolution shall be in full force and effect upon its passage and approval.

INTRODUCED, READ AND ADOPTED by a vote of 10 for and 0 against at a regular meeting of the City Council on October 14, 2002 at 7 o'clock p.m. at Lakewood Civic Center, 480 South Allison Parkway, Lakewood, Colorado.

Stephen A. Burkholder, Mayor

ATTEST:

Margy Greer, City Clerk