My WebLink
|
Help
|
About
|
Sign Out
Home
Browse
Search
Ordinance 1989-0993
PORTAL
>
CITY COUNCIL RECORDS
>
ORDINANCES (45.120)
>
1948-1989 Ordinances
>
1989 Ordinances
>
Ordinance 1989-0993
Metadata
Thumbnails
Annotations
Entry Properties
Last modified
3/12/2021 10:24:22 AM
Creation date
4/6/2006 3:26:33 PM
Metadata
Fields
Template:
City Council Records
Doc Type
Ordinance
Signed Date
5/2/1989
Ord/Res - Year
1989
Ord/Res - Number
993
Original Hardcopy Storage
7E2
Supplemental fields
Test
ORD 1989-0993
There are no annotations on this page.
Document management portal powered by Laserfiche WebLink 9 © 1998-2015
Laserfiche.
All rights reserved.
/
2
PDF
Print
Pages to print
Enter page numbers and/or page ranges separated by commas. For example, 1,3,5-12.
After downloading, print the document using a PDF reader (e.g. Adobe Reader).
Show annotations
View images
View plain text
<br /> ORDINANCE NO. 993 <br /> AN ORDINANCE <br /> APPROVING A CONTRACT FOR THE PURCHASE OF WATER RIGHTS <br /> TO BE USED IN THE MUNICIPAL WATER SYSTEM AND <br /> AUTHORIZING THE ISSUANCE OF A SPECIAL OBLIGATION <br /> WATER REVENUE NOTE IN PAYMENT THEREFOR <br /> WHEREAS, the City Council of the City of Louisville has <br />heretofore determined that it is in the best interests of the <br />City and its inhabitants to purchase certain water rights which <br />are available to the City for use in the City's municipal water <br />supply system; and <br /> WHEREAS, the City Council has reviewed that certain contract <br />between the City and Louis A. Droesch, et ale , dated as of <br />April 18, 1989; and <br /> WHEREAS, said contract relates to the purchase by the City <br />of all of the outstanding stock in the Cannon Water Users <br />Association, a Colorado non-profit corporation. The sole asset <br />of the corporation is 1.5 shares of the capital stock of the <br />McGinn Ditch Company and 27-2/3 shares of the capital stock of <br />the Agitator Ditch Company (the "Water stock"); and <br /> WHEREAS, the City Council hereby determines that the execu- <br />tion of said contract is in the best interests of the City of <br />Louisville and its inhabitants; and <br /> WHEREAS, the City Council also determines that it is in the <br />best interests of the City to issue its City of Louisville <br />Special Obligation Water Revenue Note in payment for the Water <br />Stock which is the subject of the contract. <br /> NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE <br />CITY OF LOUISVILLE, COLORADO: <br /> The Mayor and City Clerk are hereby authorized and directed <br />to execute that certain contract between the City of Louisville <br />and Louis A. Droesch, et al., dated as of the 18th day of April, <br />1989 and all other documents contemplated thereunder including, <br />but not limited to, Escrow Agreement and Special Obligation Water <br />Revenue Note in the form and substantially the same content as <br />presented at this meeting of the City Council. <br /> After the Note authorized herein has been issued, this <br />ordinance shall be and remain irrepealable until all the princi- <br />
The URL can be used to link to this page
Your browser does not support the video tag.