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<br /> -" <br /> of Taxability, and (i i) the payments which would hav been made <br /> during such period if the aforementioned increased interest rate <br /> had been in effect. <br /> This Bond is issued under the County and unicipality <br /> Development Revenue Bond Act, Title 29, Article 3, Pa t 1 , Colo- <br /> rado Revised Statutes 1973, as amended, (the "Act"), and in <br /> conformity with the provisions, restrictions and imitations <br /> thereof. This Bond does not constitute a charge gainst the <br /> general credit or taxing powers of the City and does t grant to <br /> the Holder of this Bond any right t~ have the City le y any taxes <br /> or appropriate any funds for the payment of the prin ipal hereof <br /> or interest hereon, nor is this Bond a general obliga ion of the <br /> City or the individual officers or agents thereof. is Bond and <br /> interest hereon are payable solely and only from the moneys <br /> received under the Loan Agreement dated as of Ju 1981, <br /> between the City and the "Borrower" hereinafter descri ed, or from <br /> the moneys held by the Trustee in the Bond Fund appr priated to <br /> the payment of the Series 1981 Bond under the Indentur , including <br /> Loan Repayments to be made by Reg al Investment Associ tes, Limit- <br /> ed, a Colorado limited partnership duly formed and ex'sting under <br /> the laws of the State of Colorado (the "Borrower"). <br /> This Bond has been authorized by law to be issued and <br /> has been issued for the purpose of funding a loan from the City to <br /> the Borrower to enable the Borrower to develop as a site, land <br /> within the City, and to construct and erect a buildin or build- <br /> ings thereon, for the purpose of leasing commer ial office <br /> space to others (the "Project"), pursuant to the Loa Agreement, <br /> the Bond Ordinance of the City finally passed and ad pted on or <br /> about February 17, 1981, and the Trust Indenture duly xecuted and <br /> delivered by the City to the Trustee. The Bond is se ured by the <br /> Loan Agreement, the Indenture, the Bond Ordinance, a Assignment <br /> of Rents and Leases dated as of June 1, 1981 , between he Borrower <br /> and the Trustee (the "Assignment"), and a Combination ortgage and <br /> Security Agreement dated as of June 1, 1981, from the <br /> the Trustee (the "Mortgage") , to which Loan Agreement Indenture, <br /> Bond Ordinance, Assignment, and Mortgage, and amendme ts thereof, <br /> A-3 <br />