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<br />; <br /> <br /> <br />\..' <br /> <br /> <br />WHEREAS, the following documents have beJn submitted <br />to the City Council (the "Council") and filed in the ~fice of the <br />Ci ty Clerk (the "Clerk") and are available for publ ic' inspect ion: <br />(a) a Loan Agreement, dated as of June 1, 1981 (the <br />"Loan Agreement"), proposed to be made and entered into between <br />the City and the Borrower; <br />(b) a Trust Indenture, dated as of June 1, 1981 (the <br />II Indenture" ), proposed to be made and entered into between the <br />City and First National Bank in Boulder, in Boulder, Cplorado (the <br />"Trustee"); <br />(c) a Combination Mortgage and Security A9ree~ent, <br />dated as of June 1, 1981 (the "Mortgage"), proposed to be made c!fid <br />entered into between the Borrower and the Trustee; <br />(d) an Ass ignment of Ren ts and Leases (3ated as of <br />June 1, 1981 (the "Assignment"), proposed to be made I and entered <br />into between the Borrower and the Trustee; and <br />WHEREAS, the Council desires to authorize t.he issuance <br />, <br /> <br />of a City of Louisville, Colorado, Industrial Develop~ent Revenue <br />Bond (Regal Investment Associates, Limited, proje~t), Series <br />1981, dated as of June 1, 1981, in the principa~ amount of <br />$360,000 (the "Bond" or "Series 1981 Bond"); and <br />WHEREAS, it is necessary to authorize the! issuance of <br />the Series 1981 Bond by Ordinance and to approve the ~orm of said <br />documents and authorize the execution thereof in conpection with <br />the issuance of the Bond: I <br />NOW THEREFORE, BE IT ORDAINED BY THE CITY CdUNCIL OF THE <br />CITY OF LOU:I'SVILLE, COLORADO: <br />Se.ction 1. Approvals and Authorizations. The forms <br />of the Indenture, Loan Agreement, Mortgage, and As~ignment are <br />inCtorporated herein by reference and are hereby a~proved. The <br />Mayor and the Clerk are hereby authorized and directe~ to execute <br />the liOan~9reement and Indenture and to affix the sea~ of the City <br />thereto, and further to execute and authenticate! such other <br />I <br />documents, instruments or certificates as are deemed ~ecessary or <br />I <br />desirable by bond counsel in order to issue and securr the Series <br />. I <br />I <br />I <br />I <br />I <br />I <br /> <br />- 3 - <br />