Resolution 1975-29 - Laserfiche WebLink

Home Browse Search

RESC-LUTION N0. 29 WHEREAS, the: City of Louisville, in the County of Boulder and State of Colorado, by an Order of the District Court in and for the County of Boulder, State of Colorado, Civil Action No. 11781,dated November 22, 1972, received all of the assets of the Louisville Sanitation District, which District was dissolved in the above Civil Action, and upon receipt of the sanitary sewer system from the District the City of Louisville agreed to operate and maintain the system; and WHEREAS, the City now owns and has continued to operate and maintain the sanitary sewer system as its municipal sewer system; and WHEREAS, the City Council has determined, and does hereby determine, to improve and extend the system, the cost thereof to be defrayed in major part from the proceeds of the revenue bonds herein authorized; and WHEREAS, the City Council has therefore determined to issue revenue bonds of said municipal sanitary sewer system in the total principal amount of $280,000 for such purpose; and WHEREAS, in accordance with the laws of the State of Colorado, it is necessary to provide for the public sale of the bonds; and WHEREAS, the City Council has therefore determined to authorize the Notice o:E Sale of said revenue bonds in the principal amount of $280,000 in accordance with the provisions of the laws of the State of Colorado thereto applicable; NOW, THEREFORE BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF LOUISVILLE„ COLORADO: 1. That the City of Louisville, Colorado, Sewer Revenue Bonds, in the principal amount of $280,000, are hereby ordered to be offered i:or sale and be publicly sold and awarded to the highest and best: bidder for cash at public sale, subject to the right of the City to reject any and all bids, in accor- dance with the terms and conditions of the Notice of Sale here- inafter set forth. 2. That the City Clerk is hereby authorized to cause the Notice of Sale of :>aid bonds to be published once in the Louisville Times, a newspaper circulating in the City of Louisville, and once iri The Daily Journal, a financial news- paper published in Denver, Colorado, at least five days prior to the date of sale. 3. The Notice shall be in substantially the follow- ing form: - 2 -