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nFFTCTAT.
<br />NOTICE OF SALE
<br />C]CTY OF LOUISVILLE
<br />BOUI:,DER COUNTY, COLORADO
<br />SEWER REVENUE BONDS
<br />$280,000
<br />SALE DATE: OCTOBER 21, 1975
<br />The City Council of the City of Louisville, Boulder
<br />County, Colorado will z-eceive sealed bids at the City Hall Board
<br />Room, 749 Main St., in Louisville, Colorado, until 11:00 o'clock
<br />A.M., Mountain Daylight: Time, on Tuesday, the 21st day of Oct-
<br />ober, 1975, for the puY-chase of $280,000 of Sewer Revenue Bonds,
<br />dated December 1, 1975.
<br />Said bonds shall be in the denomination of $5,000 each,
<br />numbered 1 to 56, inclusive. Interest shall be payable cn June 1,
<br />1976, and semi-annually thereafter on the 1st day of June and the
<br />1st day of December each year, and bonds shall mature serially on
<br />December 1, as follows;.
<br />Amount Maturity
<br />$ 5,000 1977 and 1978
<br />10,000 1979 and 1980
<br />15,000 1981 and 1982
<br />20,000 1983 and 1984
<br />25,000 1985 and 1986
<br />30,000 1987 and 1988
<br />35,000 1989 and 1990
<br />Bonds of thi~~ issue maturing on or before December 1,
<br />1986, are not redeemable prior to their respective maturity
<br />dates. Those bonds maturing on December 1, 1987, and there-
<br />after are redeemable at: the option of the City on December 1,
<br />1986, and on any interest payment dates thereafter, in inverse
<br />numerical order, upon payment of par and accrued interest with-
<br />out redemption premium.
<br />Principal anct interest will be payable at the office
<br />of the City Treasurer in Louisville, Colorado.
<br />The bonds anti the interest thereon shall be payable
<br />solely from the net income and revenue to be derived from the
<br />operation of the municipal sanitary sewer system of the City
<br />and will be a first liE~n on such net revenues. The Ordinance
<br />authorizing the issue of the Sewer Revenue Bonds shall contain
<br />the customary covenantsc and agreements relating to the security
<br />thereof, including, among others, covenants to establish, main-
<br />tain and enforce a schE~dule of rates and charges for the use of
<br />the Sewer System which will be sufficient to produce not less
<br />than 1250 of the annua]_ interest on and principal of said bonds.
<br />A reserve fund will be established and will be funded to the
<br />amount of $40,000 by DE~cember 1, 1980, which will be mair:tained
<br />at that amount to be u:~ed only for the payment, if necessary,
<br />of principal and interest on the bonds. Additional parity lien
<br />bonds may be issued if the City is in compliance with the
<br />requirements of the authorizing Ordinance.
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