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<br /> ORDINANCE NO. 764 <br /> SERIES 1982 <br /> AN ORDINANCE AUTHORIZING THE ISSUANCE AND SALE <br /> OF AN INDUSTRIAL DEVELOPMENT REVENUE BOND (FIRMM <br /> INVESTMENTS PROJECT) , SERIES 1982, IN THE <br /> PRINCIPAL AMOUNT OF $475,000 TO FINANCE THE <br /> ACQUISITION AND CONSTRUCTION OF A PROFESSIONAL <br /> OFFICE BUILDING WITHIN THE CITY; RATIFYING <br /> CERTAIN ACTION HERETOFORE TAKEN; AND APPROVING <br /> THE FORM OF AND AUTHORIZNG THE EXECUTION AND <br /> DELIVERY BY THE CITY OF A BOND PURCHASE AGREE- <br /> MENT, A LOAN AGREEMENT, AN ASSIGNMENT AND <br /> SECURITY AGREEMENT, CLOSING DOCUMENTS, AND SUCH <br /> BOND IN CONNECTION THEREWITH; AND MAKING DETER- <br /> MINATIONS AS TO THE SUFFICIENCY OF REVENUES AND <br /> AS TO OTHER MATTERS RELATED TO SAID PROFESSIONAL <br /> OFFICE PROJECT. <br /> WHEREAS, the City of Louisville, in the County of <br />Boulder and State of Colorado (the "City") for the benefit of the <br />inhabi tants of the State and for the promotion of their health, <br />safety, welfare, convenience, and prosperity, is authorized by <br />Title 29, Article 3, Part 1 , Colorado Revised Statutes 1973, as <br />amended (the "Act"): ( a) to issue revenue bonds for the purpose of <br />f i nanc ing one or more projects, including any land, build ing , or . <br />other improvements and all real or personal properties suitable or <br />used for or in connection with a manufacturing, industrial, <br />commercial, agricultural or business enterprise, and (b) to enter <br />into a financing agreement with a user in respect of a project, <br />which agreement will provide for payment to the City of revenues <br />sufficient for the payment of the principal of and interest on the <br />revenue bonds; and <br /> WHEREAS, by a Resolution duly passed and adopted on <br />February 2 , 1982 (the "Inducement Resolution") , the City has <br />agreed to issue such bonds in an aggregate principal amount <br />not to exceed $500,000 in accordance with the provisions of the <br />Act for the purpose of financing the cost of acquiring and devel- <br />op i ng as a site, land within the City, and constructing and <br />equipping thereon a professional office building for use as a <br />medical center and professional offices, (the "Project"); and <br /> - 2 - <br />