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$7.5 million in Industrial Revenue Bonds for a <br />relatively new but rapidly expanding California <br />based computer firm that is currently leasing <br />Building 6 at Storage Technology and has <br />negotiated its purchase if IRB's for the project <br />are issued. <br />Mike Gillet, a representative of California <br />Devices Inc., related that the operation that is <br />moving out to this community is in no way totally <br />dependent on the: economic situation of STC. <br />Gillet stated ghat this was an excellent <br />opportunity for California Devices to enter into <br />manufacturing at a very low price and hope to <br />employ 80-100 people in the next 9-12 months. <br />Rautenstraus read in its entirety Resolution #12, <br />Series 1985, "A Resolution Expressing the Intent <br />of the City of Louisville to Issue Industrial <br />Development Revenue Bonds to Finance a Project for <br />California Devices, Inc., a California <br />Corporation." <br />Mayor Meier moved that Resolution #12 be adopted. <br />Johnson seconded. Luce commented that he was very <br />please to see the proposal in terms of the impact <br />on the community a:nd also the type of information <br />it contained as it was most helpful. Luce <br />welcomed California Devices, Inc. to Louisville <br />and will look forward to working with them. <br />Resolution #12 was adopted unanimously. <br />RESOLUTION #13 - ROCK <br />CREEK PLAZA PLAN & PUD Wanush presented the proposal to subdivide the <br />Mauzy property on the northwest corner of State <br />Highway 42 and South Boulder Road. Planning <br />Commission approved Rock Creek Plaza Plan & PUD <br />with five conditions, which Wanush recommended to <br />Council: 1) Utility and drainage plans approved <br />by staff; 2) Colorado Department of Highways issue <br />the permit for they shared access off Highway 42; <br />3) The second access in the southwest corner be <br />negotiated; 4) Similar architectural treatment be <br />used on the north side of the building as is used <br />on the other sides; and 5) Access to South Boulder <br />Road be completely paved according to City <br />standards. <br />Rautenstraus relatE~d to Council that all the above <br />stated conditions have been outlined in the <br />Subdivision Agreement signed by the applicant, <br />Mark Eberl of Apollo Enterprises. The second <br />access in the southwest corner has been negotiated <br />3 <br />