Resolution 1982-38 - Laserfiche WebLink

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RES 0 L UTI 0 N NO. .3? ---------- A RESOLUTION PROVIDING FOR NOTICE OF A PUBLIC HEARING ON THE ISSUANCE BY THE CITY OF LOUIS- VILLE, COLORADO, OF INDUSTRIAL DEVELOPMENT REVENUE BONDS TO FINANCE A PROJECT FOR LOUIS- VILLE MEDICAL ASSOCIATES, 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, constituting Title 29, Article 3, P.....rt 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 1 and, building or other improvements and all necessary and appurtenant real or personal properties suitable for manufacturing, indus- trial, commercial, agricultural, or business enterprises, upon such conditions as the City Council (the "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, representatives of Louisville Medical Asso- ciates, a Colorado general partnership (the "User"), have met with officials of the City and have advised the City of the User's interest in acquiring and developing land located within the cor- porate boundaries of the City, in the Aspen Greens Subdivision, on South Boulder Road, as a site for, and constructing and equipping thereon, an office facility consisting of one or more buildings, and all necessary and appurtenant improvements, for use as a medical center and as professional offices (the "Project"), . subject to the willingness of the City to finance the Project by the issuance of one or more series of industrial develop- ment,revenue bonds in a maximum aggregate principal amount of $1,000,000 (the "Bonds" ) in a plan of financing 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 City 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; WHEREAS, the City wishes to proceed with the financing of the Project; and - 2 - .