refunding of certain outstanding Utilities System Revenue bonds of the City;
providing for the extension, betterment, other improvement and equipment of
the City of Colorado Springs Utilities System; providing for the issuance and sale
of the City of Colorado Springs, Colorado, Utilities System Improvement Revenue
Bonds, Series 2023a in an aggregate principal amount not to exceed
$250,000,000, and the City of Colorado Springs, Colorado, Utilities System
Refunding Revenue Bonds, Series 2023b in an aggregate principal amount not to
exceed $186,000,000, payable solely out of the net revenues to be derived from
the operation of the City of Colorado Springs Utilities System; authorizing the
execution by the City of a Paying Agent Agreement, Escrow Agreement, a Bond
Purchase Agreement, and an Official Statement related thereto; and providing
other matters relating thereto be finally passed. The motion passed by a vote of
9-0-0-0
9 -
Aye:
Avila, Crow-Iverson, Donelson, Helms, Henjum, Leinweber, O'Malley, Risley, and
Talarico
9. Utilities Business
There was no Utilities Business.
10. Unfinished Business
There was no Unfinished Business.
11. New Business
There was no New Business.
There was no Public Hearing.
12. Public Hearing
13. Added Item Agenda
There were no items added to the Agenda.
14. Executive Session
14.A.
In accord with City Charter art. III, § 3-60(d) and its incorporated
Colorado Open Meetings Act, C.R.S. § 24-6-402(4)(b) and (e), the City
Council, in Open Session, is to determine whether it will hold a Closed
Executive Session. The issue to be discussed involves consultation with
the City Attorney and discussing strategy for negotiations and instructing
negotiators regarding an economic development and incentive
agreement.
The President of Council shall poll the City Councilmembers, and, upon
consent of two-thirds of the members present, may conduct a Closed
Executive Session. In the event any City Councilmember is participating
electronically or telephonically in the Closed Executive Session, each
City Councilmember participating in the Closed Executive Session shall
affirmatively state for the record that no other member of the public not
authorized to participate in the Closed Executive Session is present or
able to hear the matters discussed as part of the Closed Executive