Resolution 1983-47 - Laserfiche WebLink

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CITY OF LOUISVILLE, COLORADO RESOLU~rrON NO. 47 SeriE~s of ..__J~~~ _ A RESOLUTION APPROVING A FINANCING PROJECT FOR KIRK PECK, MAKING FINDINGS AND AUTHORIZING BOND FINANCING IN CONNECTION THEREWITH AND AUTHORIZING REPRESENTATIVES OF THE CITY TO TAKE ACTION INCIDENTAL THERETO. WHEREAS, Kirk Peck (thl~ "Owner" ) has requested the City of Louisville, Colorado, for assistance with financing for a project (the "Pro-iect") consisting of certain industrial and office facilities and related equipment for Colorado Copier System, Inc. a Colorado corporation, to be located within the City of Louisville, as more fully described in a letter of the Owner dated December 30, 1983, submitted to this meeting (a copy of which sha II be filed with thl~ records of the City); and WHEREAS, the City desires to encourage the Owner to proceed with the Project in order to further the purposes of the County and Municipality Development Revenue Bond Act (the "Act"); NOW, THEREFORE, BE IT RESOLVED, BY THE CITY COUNCIL OF THE CITY OF LOUISVILLE, COLORADO, AS FOLLOWS~ Section 1. ~E.ro~~~._~f_ttI~_ Pro i~E!~}~ ind ings . Based upon the representations made and information supplied by the Owner, the City hereby approves t:he Project and makes the following findings in connection there'~,ri th ~ A. The pro-iect constitutes a "proiect" for purposes of the Act in that it consists of properties, other than inven- tories, raw materials and other working capital, suitable or to be used for or in connection with Colorado Copier System, Inc. , Lessee, to be owned and operated by a commercial enterprise; and B. The Pr04ect will promote the public purposes of the Act and the safety, welfare, convenience and prosperity of the inhabitants of Colorado by promoting industry and developing trade through the inducement: of the Owner to maintain and expand his operations, mitigating a threat of unemployment and securing and maintaining a balanced and stable economy in Colorado. Section 2. Authorization of Bond Financing. The Owner's letter-'- proposal fsherehy ---approved~---Th-e--City will issue its Industrial Revenue Bonds or Notes for the financing of the Pro- ~ect up to a maximum aggregate principal amount of $425,000.00, such Bonds or Notes (a) to be issued in compliance with the Act, (b) to be subiect to such terms and conditions as the Owner and