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Ordinance 1989-0985
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Ordinance 1989-0985
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Last modified
3/12/2021 10:24:22 AM
Creation date
4/6/2006 3:39:51 PM
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Template:
City Council Records
Doc Type
Ordinance
Signed Date
3/7/1989
Ord/Res - Year
1989
Ord/Res - Number
985
Original Hardcopy Storage
7E2
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ORD 1989-0985
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<br />. <br />CITY OF LOUISVILLE, COLORADO <br />ORDINANCE NO. 98S, SERIES 1989 <br />AN ORDINANCE PROVIDING lOR THE ISSUANCE OF THE CITY <br />OF tOUISVILLE, COLORADO, REVENUE BONDS (BOULD!R <br />M!MORIAL HOSPITAL PROJECT) SERIES 1989 IN THE <br />AGGR.!GATE PRINCIPAL AMOtJ'NT OF '18,000,000 FOR THE <br />PURiOSE OF FINANCING THE COSTS OF CONSTROCTING A <br />NEW HOSPITAL AND RELATED IMPROVEMENTs IN THE CITY <br />OF LOUISVILLE; AUTHORIZING THE SALE or SAID BONDS; <br />APPROVING THE PORM AND AUTHORIZING THE EXECUTION or <br />A MORTGAGE AND LOAN AGREEMENT BETWEEN BOULDER <br />MEMORIAL HOSPITAL AND THE CITY, A MORTGAGE AND LOAN <br />AGREEMENT AMONG BOULDER MEMORIAL HOSPITAL, PORTn <br />MD!ORIAL HOSPITAL AND TH! CITY, AND A MORTGAGE AND <br />LOAN AGREEMENT AMONG BOULDER MEMORIAL HOSPITAL, <br />BRIGHTON COMMUNITY HOSPITAL ASSOCIATION, D/B/A <br />PLATTE VALLEY MEDICAL C!NTER AND THE CITY; <br />APPROVING THE FORM AND AUTHORIZING THE Dlct1'!'ION OF <br />A BOND PURCHASE AGREEMENT, AN INDENTUU OF nUST <br />AND A TAX REGULATORY AGREEMENT i At1'1'HOIUZING THE <br />EXECUTION OF MISCELLANEOOS DOCUMENTS AND <br />INSTRUMENTS RELATE]) THERETO; AND REPEAL IliG <br />ORDINANCE 10.960, SERIES 1988. <br />WHEREAS, the City ot Louilville, Colorado (the IICityll), <br />a munic1palitr and a political lubdiv1sion of the State of <br />Colorado, de. rei to promote and 'timulate the provi.1on ot <br />more adequate health care for familie8 and persons within an4 <br />near the City; and <br />WHEREAS, article 3, title 29, Colorado Reviled Statutel <br />(the "Act"), authorize. the City to il,ue revenue bonds an4 <br />use the ~roCeed8 theretrom to pay tor the costs of the <br />acqu1sit on, con'tructlon, improvement and aqu1ppinq of <br />health care facilities constitutinq a "project" under the <br />Act; and <br />WHER!AS, Boulder Memorial HOlpital (the "Corporation"), <br />a Colorado non~rofit corporation, pre.ently owns and operate. <br />health facilitl'. in the State of Colorado, and tropese, to <br />finance the construction, aC~ilit~on, and inlta Iation of . <br />new ho.pital facility and r. tted lmyrovementl in the City <br />and to pay other "co,t." of luch fac liti.. con.tltut1nc; a <br />"project" within the m.aninq of the Act (the "Project"); and <br />
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