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This concept was generally favored by Mayor and <br />Council. The project must now be approved through <br />all the necessary procedures required by the City. <br />JOINT' ECONOMIC AND <br />BUSINESS DEVELOPMENT <br />AGREEMENT Hundley presented a copy of the proposed agreement <br />for a Joint Economic and Business Development <br />Agreement that Council instructed staff to prepare. <br />Morris asked that the portion of the agreement <br />that concerns the appointment of a Councilmember <br />to the Economic Board be appointed by Council <br />rather than by the Chamber. This item will be <br />changed in the agreement. <br />Mayor Meier moved that the Joint Economic and <br />Business Development Agreement be adopted by <br />Council with the change that a councilmember be <br />appointed by Council to serve on the Economic <br />Board. Cussen seconded and the motion was <br />approved unanimously. <br />ORDINANCE #856 - SCOPE <br />MANUFACTURING INDUSTRIAL <br />REVENUE BONDS - PUBLIC <br />HEARING Joss read by title only Ordinance #856, "An <br />Ordinance providing for the issuance and sale of <br />the City of Louisville, Colorado, Industrial <br />Revenue Bond, Klister Properties Projects, Series <br />1985, in the principal amount of $1,200,000 and <br />approving the form and authorizing the execution <br />of certain documents relating thereto." <br />Mayor Meier opened the Public Hearing and asked <br />for public comments. None. Mayor Meier asked for <br />Council comments. Luce voiced his support for <br />this bond issue as SCOPE is one of the larger <br />employers in the community. <br />Mayor Meier closed the Public Hearing and moved <br />that Ordinance #856 be approved. Luce seconded <br />and the motion was passed 7-0 by roll call. <br />ORDINANCE #859 - MUNICIPAL <br />WATER BONDS - <br />PUBLIC HEARING Joss read by title only Ordinance #859, "An <br />Ordinance authorizing the issuance by the City of <br />Louisville, Colorado, of general obligation water <br />refunding the Improvement Bonds, Series 1985, in <br />the principal amount of $2,950,000, for the <br />purpose of refunding valid and outstanding <br />general obligation water bonds of the City, and <br />for the purpose of paying the costs of improving <br />the existing water treatment, storage, and <br />5 <br />