Ordinance 1984-850 - Laserfiche WebLink

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the cost of financing and rE~financing any "project," and for paying interest on the proposed revenue bonds for not exceed- ing forty years, and all incidental expenses incurred in issuing such revenue bonds, and to secure payment of such revenue bonds as provided ill the Act; and WHEREAS, Kirk Peck ("PE~ck") has presented to the Issuer a proposal whereby the Issuer will, pursuant to the Act, issue the revenue note here~inafter described and loan the proceeds to Peck which proc,eeds will be used by Peck (i) to finance the construction, improvement and equipment of an industrial and office facility (the "Project Building") to be located within the corporate boundaries of the Issuer on certain real estate (the "PI~Oj ect Site") (the Project Build- ing and the Proj ect si te arE~ collecti vely referred to as the "Project"); and (ii) to pay certain costs of issuance in connection with the proposed revenue note, pursuant to the Financing Agreement; and WHEREAS, the City of Louisville, Colorado, Industrial Development Revenue Note, SE~ries 1984 (Kirk Peck Project) in the aggregate principal amount of $435,000.00 (the "Note") will be issued, sold and delivered by the Issuer to FIRSTBANK OF GUNBARREL, N.A. (the "Bank" ) , to provide funds pursuant to the Financing Agreement; and . WHEREAS, there have been presented to the City Council of the Issuer: (a) the proposed form of Financing Agreement da ted as of (the "Financing Agreement") among the Issuer, Peck and the Bank; (b) the proposed form of Deed 3