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<br />IY.IU:: <br />lOw <br />U::1O <br />OU:: <br />UO <br />WU <br />U::W <br />U:: <br />W <br />1-0 <br /><IU <br />I- <br />t.--:!>- <br />WI- <br />Z <br />...JU <br /><I <br />WU:: <br />U::W <br />'" <br />...... <br />.....I <br />~:=J <br /><IO <br />~ <br />M <br />(".J Z <br />,,0 <br />.....1- <br />...-IY.I <br />:=J <br />00 <br />o-:I: <br />'..... <br />o-W <br />.....1- <br />.......1- <br />00 <br />..........1 <br />U:: <br />(".J <I <br />l"-:I: <br />o-U <br />0- <br />...000 <br />0-<:1" <br />.....-..0 <br />0..... <br />"10 lJ.. <br /> <br />~ - \ <br /> <br />ORDINANCE NO. 1023 <br /> <br />AN ORDINANCE PROVIDING FOR THE AMENDMENT OF <br />THE CITY OF LOUISVILLE, COLORADO, INDUSTRIAL <br />DEVELOPMENT REVENUE BOND (LOUISVILLE MEDICAL <br />ASSOCIATES PROJECT) SERIES 1984; AND APPROVING <br />THE FORM AND AUTHORIZING THE EXECUTION OF <br />CERTAIN DOCUMENTS RELATING THERETO. <br /> <br />WHEREAS, the Ci.ty of Louisville, Colorado (the <br />"Issuer"), acting through its City Council (the "Council"), is <br />authorized by the provisions of Part 1 of Article 3 of Title 29, <br />C.R.S. (the "Act"), to finance, refinance, acquire, own, lease, <br />improve and dispose of properties to the end that manufacturing, <br />industrial, commercial or business enterprises will locate, <br />expend, or remain in the City of Louisville, and the Issuer is <br />further authorized thereby t:o issue revenue bonds for the purpose <br />of defraying the costs of financing, refinancing, acquiring, <br />"improving and equipping such facilities; and <br />WHEREAS, the Issuer has previously issued its $400,000 <br />Industrial Development Revenue Bond (Louisville Medical Associates <br />Project) Series 1984 (the "Bond"), to finance the construction of <br />an office building located within the boundaries of the Issuer <br />(the "Project"); and <br />WHEREAS, the Issuer now desires to amend the Bond to <br />reduce the interest rate payable on such Bond; and <br />WHEREAS, the following documents have been submitted to <br />the Council and filed in the office of the City Clerk and are <br />there available for public inspection: <br />(a) a First Amendment to Loan Agreement, proposed to be <br />made and entered into among the Issuer, Louisville Medical <br />Associates, Limited (the "Borrower"), and First National Bank of <br />Louisville, in Louisville, Colorado (the "Lender"); <br />(b) a First Amendment to Deed of Trust between the <br />Borrower and the Lender; <br />(c) a First Amendment to Promissory Note among the <br />Issuer, the Borrower, and the Lender; and <br /> <br />LID <br />~ <br /> <br />- 2 - <br />