Resolution 1982-14 - Laserfiche WebLink

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~ - RES 0 L Q ! ! 0 N IL/ A RESOLUTION AGREEING TO ISSUE INDUSTRIAL DEVELOPMENT REVENUE BONDS TO FINANCE A PROJECT FOR LARRY J. AND KAREN K. THOMPSON. WH ERE AS, the C i t Y 0 f Lou i s viII e , i nth e Co un t y 0 f 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 prosperi ty, to finance one or more proj ects, incl ud ing any land, bu~lding 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 issue its revenue bonds or other obligations for the purpose of defraying the cost of financing any such project; and WHEREAS, Larry J. and Karen K. Thompson (hereinafter referred to as the "User"), have met wi th officials of the Ci ty and have advised the City of the User's interest in acquiring and developing land within the City as a site for and constructing and equipping a manufacturing building thereon for lease to the Thompson Corporation, a Colorado Corporation, doing business as Stairs Incorporated (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 meaning 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 Ci ty wishes to proceed wi th 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;