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This concept was generally favored by Mayor and <br /> Council. The project must now be approved through <br /> all the necessary procedures required by the City. <br /> JOINT ECONOMIC AND <br /> BUSINESS DEVELOPMENT • <br /> AGREEMENT Hundley presented a copy of the proposed agreement <br /> for a Joint Economic and Business Development <br /> Agreement that Council instructed staff to prepare. <br /> Morris asked that the portion of the agreement <br /> that concerns the appointment of a Councilaember <br /> to the Economic Board be appointed by Council <br /> rather than by the Chamber. This item will be <br /> changed in the agreement. <br /> Mayor Meier moved that the Joint Economic and <br /> Business Development Agreement be adopted by <br /> Council with the change that a councilmember be <br /> appointed by Council to serve on the Economic <br /> Board. Cussen seconded and the motion was <br /> approved unanimously. <br /> ORDINANCE #856 - SCOPE <br /> MANUFACTURING INDUSTRIAL <br /> REVENUE BONDS - PUBLIC <br /> HEARING Joss read by title only Ordinance #856. "An <br /> Ordinance providing for the issuance and sale of <br /> the City of Louisville, Colorado, Industrial <br /> Revenue Bond. [lister Properties Projects, Series <br /> 1985, in the principal amount of $1 ,200.000 and <br /> approving the fora and authorizing the execution <br /> of certain documents relating thereto." <br /> Mayor Meier opened the Public Hearing and asked <br /> for public comments. None. Mayor Meier asked for <br /> Council comments. Luce voiced his support for <br /> this bond issue as SCOPE is one of the larger <br /> employers in the community. <br /> Mayor Meier closed the Public Hearing and moved <br /> that Ordinance #856 be approved. Luce seconded <br /> and the motion was passed 7-0 by roll call. <br /> ORDINANCE #859 - MUNICIPAL <br /> WATER BONDS - <br /> PUBLIC HEARING Joss read by title only Ordinance #859, "An <br /> Ordinance authorizing the issuance by the City of <br /> Louisville, Colorado, of general obligation water <br /> refunding the Improvement Bonds, Series 1985, in <br /> the principal amount of $2.950.000, for the <br /> purpose of refunding valid and outstanding <br /> general obligation water bonds of the City, and <br /> for the purpose of paying the costs of improving <br /> the existing water treatment, storage, and <br /> S <br />