Ordinance 1982-770 - Laserfiche WebLink

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. UNITED STA~~ES OF AMERICA STATE OF COLORADO COUNTY OF BOULDER CITY OF LOUISVILLE I DOSTRIAL DEVE]~OPMENT REVENUE BOND (STAIRS INCORPORATED, PROJ'ECT) SERIES 1982 No. R-l $400,000 of Louisville, Boulder County, CO.lorado, a political subdivi ion of the St.:ite of Colorado and a body corpo- rate and politic ( he "City"), for value received, hereby promises to pay to the Fi st National Bc:mk of Louisville, in Louisville, Colorado (the "Le der"), or it::; registered assigns, solely and only from ce and in the manner hereinafter provided" the principal sum of DRED THOUSAND DOLLARS ($400,000) with interest the eon from date to maturity (~r prior redemption) as hereinafter s t forth (which interest rate is subject to adjustment upon a etermination ()f Taxability as provided herein). The installments f principal amd interest are payable monthly, commencing on Octo er 20, 1982 and payable on the 20th day of each month thereafter ith the final installment due on September 20, 2002. The prin ipal ins tallm.en ts shall be in the amount of $1,666.67 payable monthly on thl! dates as set forth above. This Bond be ars intere t, computed on the bas is of a year of 365 days and paid for the ctual number of days elapsed, at the following rates: For the Years Following Delivery Limitations on Rate of Interest 'of the Bond Interest Rate (a) 75% of the pr e Rate years 1 to 10, provides that of The First ational inclusive in no event Bank of Denve , such shall such in- interest rate to be fixed terest rate be on September 0, 1982 and less than 11 % to be adjuste thereafter on nor more than the first day of each month. 14% per annum. ( a) 75% of the pr'me Rate years 11 to 20, provides that of The First ational inclusive in no event Bank of Denve , such shall such in- interest rate to ,be fixed terest rate be on September 0, 1992 and less than 11% - -- to be adjuste thereafter on nor more than the first day of each month. 24% per annum. - 1 1 - ---- -~ --- --- -- -~- --- --- ---- - - --- ---- - - -~- ~ --- - - -- --- - --