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Resolution 1982-13
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Resolution 1982-13
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Last modified
3/12/2021 12:36:36 PM
Creation date
3/6/2007 3:55:29 PM
Metadata
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Template:
City Council Records
Doc Type
Resolution
Signed Date
4/6/1982
Ord/Res - Year
1982
Ord/Res - Number
13
Original Hardcopy Storage
7E5
Supplemental fields
Test
RES 1982-13
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<br /> RESOLUTION NO. 13 <br /> - <br /> SERIES 1982 <br /> WHE REAS , the City of Louisville, Colorado (the "Issuer") , <br />a municipality and political subdivision of the State of <br />Colorado, is authorized and empowered by the provisions of the <br />County and Municipality Development Revenue Bond Act, article <br />3, title 29, C.R.S. 1973, as amended (the "Act") , to finance <br />a project, as that term is defined in the Act, and to issue <br />its industrial development revenue bonds for the purpose of <br />paying the cost of financing a project; and <br /> ~VHEREAS , A.C. Nielsen Company (the "Company" ) has requested <br />the Issuer to issue and sell, subject to the unqualified approv- <br />ing opinion of Kutak Rock & Huie ("Bond Counsel"), its industrial <br />development revenue bonds pursuant to provisions of the Act <br />for the purpose of financing the acquisition of certain land <br />and buildings and the construction of a commercial office <br />building (the "Project, " as more particularly described in <br />Exhibit A hereto) , constituting a IIproject, It as that term is <br />defined in the Act, for the Company; and <br /> ~mEREAS , the Issuer wishes to declare its intention to <br />authorize an issue of its industrial development revenue bonds <br />for the purpose of paying the cost of financing the Project, <br />when so requested by the Company, upon such terms and condi- <br />tions as nlay then be agreed upon by the Issuer and the Company. <br /> NOW, THEREFORE , be it resolved by the City Council of the <br />Issuer that it does hereby declare its intention to authorize <br />the issuance and sale of industrial development revenue bonds <br />of the Issuer, subject to the unqualified approving opinion of <br />Bond Counsel, under and in accordance with the Act, in an amount <br />necessary to pay the cost of the Project, presently estimated <br />to be $7,500,000, and upon such terms and conditions as may be <br />mutually agreed upon by the Issuer and the Company, the issuance <br />and sale of such bonds to be authorized by ordinance of the <br />City Council of the Issuer at a meeting to be held for such <br />
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