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<br /> ., I <br /> ORDINANCg NO. ?(()S' <br /> SERIES 1983 <br /> AN ORDINANCE PROVIDING FOR THE ISSUANCE AND SALE <br /> OF THE CITY OF LOUISVILLE, COLORADO, INDUSTRIAL <br /> DEVELOPMENT REVENUE BOND (LOUISVILLE MEDICAL <br /> ASSOCIATES PROJECT) SERIES 1983, IN THE PRINCIPAL <br /> AMOUNT OF $550,000; AND APPROVING THE FORM AND <br /> AUTHORIZING THE EXECUTION OF CERTAIN DOCUMENTS <br /> RELATING THERETO. <br /> WHEREAS, the City of Louisville, Colorado (the "Issuer"), <br /> acting through its City Council (the "Council"), is authorized by <br /> the provisions of Part 1 of Article 3 of Title 29, Colorado <br /> Revised Statutes 1973, as amended (the "Act"), to finance, <br /> acquire, own, lease, improve and dispose of properties to the end <br /> that manufacturing, industrial and business enterprises will <br /> locate, expand, or remain i.n the City of Louisville, and the <br /> Issuer is further authorized thereby to issue revenue bonds for <br /> the purpose of defraying the costs of financing, acquiring, <br /> improving and equipping such facilities; and, <br /> WHEREAS, after a public hearing was held on the issuance <br /> of industrial development bonds, following reasonable public <br /> notice pursuant to Section 103(k) of the Internal Revenue Code of <br /> 1954, as amended, a resolution was duly adopted on January 18, <br /> 1983 (the "Inducement Resolution"), by the Issuer approving such <br /> bonds and committing itself to issue such bonds in an aggregate <br /> principal amount not to exceed $1,000,000 in accordance with the <br /> provisions of the Act, for the purpose of acquiring and developing <br /> land located within the corporate boundaries of the Issuer, in the <br /> Aspen Greens Subdivision, on South Boulder Road, as a site for, <br /> and constructing and equipping thereon, an office facility con- <br /> sisting of one or more buildings, and all necessary and appurte- <br /> nant improvements, for use as a medical center and as professional <br /> offices (the "Project"); and <br /> WHEREAS, the ISSUE~r now desires to authorize and <br /> issue its City of Louisville, Colorado, Industrial Development <br /> Revenue Bond (Louisville Medical Associates Project) Series 1983, <br /> in the principal amount of $550,000 (the "Bond"); and <br /> - 2 - <br />