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. - RESOLUTION NO. 35 Series 1980 A RESOLUTION AGREEING TO ISSUE INDUSTRIAL DEVELOPMENT REVENUE BONDS TO FINANCE A PROJECT FOR REGAL INVESTMENT ASSOCIATES, LIMITED, A LIMITED PARTNERSHIP. WHEREAS, the City of Louisville, in the County of Boulder, State of Colorado (the "Ci ty") , is authorized by the County and Municipality Development Revenue Bond Act, C.R.S. 1973, constituting Title 29, Article 3, Part: 1, C.R.S. 1973, as amended (the " Ac t ") , for the benefit of the inhabitants of the State and for the promotion ._---~ of their health, safety, welfare, convenience and prosperity to finance one or more projects, including any land, building or other improvements and all necessary and appurtenant real or personal properties suitable for manufacturing, industrial, commercial, agri- cultural, or business en'terprises, upon such conditions as the City Council of the City may deem advisable; and, WHEREAS, representatives of Regal Investment Associates, Limited, a limited partnership organized under the laws of the State of Colorado on October 10, 1979, (the "User") have met with officials of the City and have advised the City of the User's interest in developing land within the City as a site for and constructing and equipping a building or buildings thereon for purposes of leasing commercial office space 1:0 others (the "Project" ) subject to the willingness of the City 1:0 finance the Project by the issuance of industrial development rE~VEmUe bonds or other obligations pursuant to the Act; and, WHEREAS, the User has represented to the City that the project has been designed to qualify as a "project" within the meaning of the Act; and, WHEREAS, the City has considered the User's proposal and has concluded that the economic benefit to the City will be substantial due to an increase in employment and the promotion of industry and development of trade and ot:her economic acti vi ty wi thin the City; and, WHEREAS, the City wishes to proceed with the financing of the Project; and, WHEREAS, the proposed issuance of the industrial develop- ment revenue bonds and the execution of related financing documents