City Council Minutes 1994 12 06 - Laserfiche WebLink

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often no time between regular working hours and the Council meetings to get a bite to eat. So, they go without any food until 10 p.m. to midnight or later. He also stated that the city does have local businesses bid on purchases. Sisk praised the citizens for all of the pretty Christmas lights they have put up. Davidson thanked everyone who participated in the Parade of Lights. Keany expressed the Council's condolences to the Caranci family on the death of their daughter. REGULAR BUSINESS PRESENTATION - COAL MINERS CLASSIC CHECK PRESENTATION TO LOUISVILLE D.A.R.E. Dale Rielly, Boulder Velo Club, stated that there were 318 competitors, with 54 children. They donated a check for $318 to Sergeant Don Berg for the Louisville D.A.R.E. program. ORDINANCE NO. 1170, SERIES 1994 - AUTHORIZING THE ISSUANCE OF THE CITY OF LOUISVILLE, COLORADO, OPEN SPACE SALES AND USE TAX REVENUE BONDS, SERIES 1994, IN THE TOTAL AGGREGATE PRINCIPAL AMOUNT OF $2,055,000 FOR THE PURPOSE OF ACQUIRING LAND FOR OPEN SPACE BUFFER ZONES, TRAILS, WILDLIFE HABITATS, WETLANDS PRESERVATION AND FUTURE PARKS; PRESCRIBING THE FORM OF SAID BONDS; PROVIDING FOR THE PAYMENT OF THE PRINCIPAL OF AND INTEREST ON SAID BONDS FROM THE REVENUES OF THE OPEN SPACE SALES AND USE TAX IMPOSED BY THE CITY AND PLEDGED TO THE CITY'S OPEN SPACE CAPITAL IMPROVEMENT FUND; DECLARING AN EMERGENCY AND PROVIDING OTHER COVENANTS AND DETAILS IN CONNECTION THEREWITH - 2ND READING - PUBLIC HEARING Griffiths read by title only Ordinance No. 1170, Series 1994, "An ordinance of the City of Louisville authorizing the issuance of the City of Louisville, Colorado, Open Space Sales and Use Tax Revenue Bonds, Series 1994, in the total aggregate principal amount of $2,035,000, for the purpose of acquiring land for open space buffer zones, trails, wildlife habitats, wetland preservation and future parks; prescribing the form of said bonds; providing for the payment of the principal of and interest on said bonds from the revenues of the open space sales and use tax imposed by the city and pledged to the city's Open Space Capital Improvement Fund; declaring an emergency and providing other covenants and details in connection therewith." Forrest Cason, Kirkpatrick PeRis, 1700 Lincoln Street, Denver, Colorado, passed out a summary to Council stating that the bonds are being sold on an insured basis and the rating is AAA. He reviewed the bonds.