Resolution 1982-08 - Laserfiche WebLink

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~ ~ ~ 0 L U T ! 0 N NO. 8 A RESOLUTION AGREEING TO ISSUE INDUSTRIAL DEVELOPMENT REVENUE BONDS TO FINANCE A PROJECT FOR FI RMM INVESTMENTS, A COLORADO GENERAL PARTNERSHIP. WHEREAS, the City of Louisville, in the County of Boulder and State of Colorado (the "City"), is authorized by the County and Municipality Development Revenue Bond Act, C.R.S. 1973, constituting Title 29, Article 3, Part 1, C.R.S. 1973, as amended (the "Act"), for the benefit of the inhabitants of the State and for the promotion of their health, safety, welfare, convenience, and prosperity, to finance one or more projects, including any land, building or other improvements and all necessary and appur- tenant real or personal properties sui table for manufacturing, industrial, commercial, agricultural, or business enterprises, upon such conditions as the City Council of the City may deem advisable: and WHEREAS, the City is further authorized by the Act to i ss ue its revenue bonds or other obI igations for the purpose of defraying the cost of financing any such project; and WHEREAS, representatives of FIRMM Investments, a general partnership under the laws of the State of Colorado (the "User"), have met wi th officials of the City and have advi sed the City of the User's interest in acquiring and developing land wi thin the City as a site for and constructing and equipping a commercial office building thereon for use as a medical center (the "Project"), subject to the willingness of the City to finance the Project by the issuance of industrial development revenue bonds or other obligations pursuant to the Act; and WHEREAS, the User has represented to the City that the Project has been designed to qualify as a "project" within the eaning of the Act: and WHEREAS, the Ci ty has considered the User's proposal and has concluded that the economic benefit to the City will be substantial due to an increase in employment and the promotion of industry and development of trade and other economic activity within the City: and WHEREAS, the City wishes to proceed with the financing of the Project: and WHEREAS, the proposed issuance of the industrial devel- opment revenue bonds and the execution of related financing doc- uments are not prohibited by any ordinances or rules of the City;