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<br />RESOLUTION NO. 37, SERIES 1992 <br /> <br />A RESOLUTION CALLING FOR THE SUBMISSION TO THE <br />REGISTERED QUALIFIED ELECTORS OF THE CITY OF LOUISVILLE, <br />AT A SPECIAL MUNICIPAL ELECTION ON TUESDAY, JULY 7, 1992, <br />QUESTIONS CONCERNING THE ISSUANCE OF GENERAL <br />OBUGATION BONDS OF THE CITY; PROVIDING FOR THE FORM OF <br />THE QUESTIONS, AND REGARDING NOTICE OF ELECTION AND <br />NOTICE OF REGISTRATION; PROVIDING OTHER DETAILS RELATED <br />THERETO; RATIFYING ALL ACTION TAKEN IN CONNECTION <br />THEREWITH; AND PROVIDING THE EFFECTIVE DATE OF THIS <br />RESOLUTION. <br /> <br />WHEREAS, the City Council (the "Council") of the City of Louisville (the <br />"City"), in the County of Boulder and the State of Colorado (the "State"), a municipal <br />corporation duly organized and existing under the laws of the State of Colorado, is <br />authorized, pursuant to Section 31-15-302(1)(d), Colorado Revised Statutes, ("C.R.S."), to call <br />special municipal elections for the purpose of considering the question of incurring <br />indebtedness of the City; and <br />WHEREAS, the Council has determined, and hereby determines that it is <br />necessary and in the best interests of the citizens and inhabitants of the city that an <br />indebtedness be created for the purpose of acquiring certain property and equipment which <br />the City is currently leasing pursuant to existing lease purchase agreements; and <br />WHEREAS, the City will achieve cost savings by acquiring such property and <br />equipment rather than continuing to lease such property and equipment; and <br />WHEREAS, the Council does hereby determine to call a special municipal <br />election to be held Tuesday, July 7, 1992, for the purpose of submitting to the electors <br />qualified and registered to vote therein bond questions relating to the issuance of general <br />obligation bonds for the acquisition of certain property and equipment as set forth in this <br />resolution; and <br />NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF <br />THE CITY OF LOUISVILLE, COLORADO, THAT: <br />Section 1. Pursuant to Section 31-15-302(1)(d), C.R.S., there shall be submitted <br />to the registered qualified electors of the City at a special municipal election (herein <br /> <br />- 2 - <br />