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<br /> I <br /> HESOLUTION NO. 19 <br /> Series 1981 <br /> HESOLUTION AGREEING TO ISSUE <br /> NDUSTRIAL DEVELOPMENT REVENUE <br /> ONDS TO FINANCE A PROJECT FOR <br /> 'ENCOR, INC. <br /> WHE S, the City of Louisville, in the County of Boulder, <br />State of (the "City" ) , lS authorized by the County and <br /> elopment Revenue Bond Act, C.R.S. 1973, constituting <br />Title 2Sl, Artic e J, Part 1, C.R.S. 1973, as amended (the"Act") , <br />for the benefit of the inhabitants of the State and for the promotion <br />of their health safety, welfare, convenience and prosperity to <br />flnance one or ore projects, including any land, building or other <br />improvements an all necessary and appurtenant real or personal <br />properties suit ble for manufacturing, industrial, commercial, <br />agricultural, 0 business enterprises, upon such conditions as the <br />City Council of the City may deem advisable~ and, <br /> S, CenCor, Inc. has advised the City of the User's <br />interest loping land withln the City as a site for, and <br />constructing equipping a building or buildings thereon for <br />purposes of structing and operating two child care centers <br />(the "Project") subject to the willingness of the City to finance <br />the Project by the issuance of industrial development revenue <br />bonds or bligations pursuant to the Act; and, <br /> AS, the User has represented to the Ci ty that the <br />project has designed to qualify as a "project" within the meani.ng <br />of the Act; <br /> WHE City has considered the User's proposal and <br />has concluded the economic benefit to the City will be substantial <br />due to an incr in employment and the promotion of industry and <br />development of trade and other economic activity within the City; and, <br /> the City wishes to proceed with the financing of <br />the <br />