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<br /> of Trust and Assignment of Rents dated as of <br /> (the "Deed of Trust") betwel~n Peck and the Bank (the "Trustee"); <br /> and (c) the Investment Lettl~r dated (the "Investment <br /> Letter") from the Bank to the Issuer; and <br /> WHEREAS, notice of a public hearing concerning the <br /> issuance of the proposed nClte has been duly given at least <br /> 14 days in advance of the date of such hearing, and such <br /> public hearing has been dul~r held on date hereof; and <br /> WHEREAS, the Issuer ha.s been fully advised by Bond <br /> Counsel, Hutchinsonl Bl ack., Hill, Buchanan & Cook, that <br /> interest on the proposed nc)te will be exempt from federal <br /> and state income taxes under the law now in effect; and <br /> WHEREAS, all documents utilized for the authorization, <br /> issuance and security of the note, as well as the note <br /> itself have been prepared by Bond Counsel, Hutchinson, <br /> Black, Hill, Buchanan & Cook; and <br /> WHEREAS, the Issuer i:s represented by Bond Counsel, <br /> Hutchinson, Black, Hill, Buchanan & Cook, in connection with <br /> the authorization, offerin9 and issuance of the Note, and <br /> has relied upon an opinion of Bond Counsel in connection <br /> with all representations made in this Ordinance; and <br /> WHEREAS, the Issuer adopted an inducement Ordinance <br /> concerning the note on the: 3rd day of January 1984; and <br /> NOW, THEREFORE , BE IT RESOLVED BY THE CITY COUNCIL OF <br /> THE CITY OF LOUISVILLE, COLORADO, THAT: <br /> Section 1. All action (not inconsistent with the <br /> provisions of this Ordinance) heretofore taken by the City <br /> 4 <br />