City Council

Agenda — 1 item

1. <u>ORDINANCE 2679 - FIRST READING</u> (20 minutes)<br><br>City Council consideration of Ordinance 2679 on first reading, an Ordinance of the City of Montrose, Colorado, authorizing and approving a site lease and lease purchase agreement between the City and UMB Bank, N.A. (solely in its capacity as trustee); approving not to exceed $55,000,000 principal amount of certificates of participation, series 2025, in connection therewith; authorizing officials of the City to take all action necessary to carry out the transactions contemplated hereby; and related matters. Staff: Public Works Director Jim ScheidAction: Hold a hearing. Consider making a motion to pass Ordinance 2679 on first reading as presented.

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