Ordinance 1989-0985 - Laserfiche WebLink

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dated as of March 1, 1989 (the "Indenture ") , between the Citv ~ and First Interstate Bank of nenver, N.A., as Trustee (the "Trustee"); (5) the Bond Purchase Aqreement (the IIBond Purchase Agreement"), among the City, the Corporation, Miller' Schroeder Pinancial, Inc. and Merrill Lynch Capital Markets (the "Underwriters"); and (6) the Tax Regulatory Agreement dated as of March 1, 1989 (the "Tax Requlatory Agreement") DettNeen the Cit:y and the Corporation; and (D) the form of the Preliminary Off1cial Statement (the "Preliminary Official Statement"), to be distributed by the Underwriters to prospective purchasers of the Bonds; WHEREAS, by virtue of Ordinance No.960, Series 1988, the City Council of the City heretofore authorized the financing of the COlt of the Project and the issuance and the lale of separate 8eries of bonds which would have been the Series 1988A Bonds and the Serles 19888 Bonds (collectively, the "1988 Series"), but no actions have every been taken by either the City or the Corporation to effect the issuance of the 1988 aeries. NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF LOUISVILLE, COLORADO: Section 1. All action (not inconl11tent with the provisionl of this Ordinance) heretofore taken by the City Council of the City and the officers of the City directed toward the financinq of the COlt of the P~oject and the iSluance and the I.le ot the BondI therefor be, and the l&me is, hereby ratified, approved, and confirmed. Section 2, The City Ih.ll finance the cost of the Project in accordance with the provisions of the Aqreements, Section 3. Th. City Council of the City hereby finds and determin.. that: (a) The amounts nec....r~ in each year to pay the p~incipal of and interest on t e BondI a..umini the maximum interest rate are let forth in Schedule I attached hereto; (b) '!'he illuance of the Bond., in order to financ. the cost of the Project, will promote the public health, welf.re, laiety, convenience and prosperity of the City and its inhabitants by promotinq and Itimulating more ade~ate health care; (c) The Bondi and the interelt accruinq thereon Ihall n.ve~ constitute the debt or indebtedness of the City within the me.ninq of any provision or limitation -3-