by John Hazlehurst Published: August 10,2009
Tags: City of Colorado Springs, COPs, Fischer, USOC
Attorney Lindsay Fischer, who has publicly expressed doubts about the legality of the city's plan to fund the economic development agreement with the U.S. Olympic Committee, says the city is making last-minute changes to the deal's funding structure. [...]
Colorado Springs attorney Lindsay Fischer has prepared a brief challenging the legality of the certificates of participation that the city intends to use to fund the proposed U.S. Olympic Committee deal. Fischer, who also represents Central Bancorp chairman Ron Johnson in his complaint filed with the city Ethics Commission about Mayor Lionel Rivera, said that these COPs would be multi-year obligations, and as such must be approved by voters. [...]
