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• <br /> .t • <br /> •• <br /> • <br /> acquire or intends to acquire in a timely fashion the re .inir ° <br /> � such - <br /> portions of real estate (the *Additional :r <br /> HUMAS, tor purposes of financing the construction, <br /> other acquisition, and equipping of the Golf Course, the Council <br /> has determined, and hereby dat.roineu, that it is in the beet <br /> interests of the City and its citizens and inhabitants that the <br /> City enter into (1) that certain Ground Lease Agreement dated <br /> June i, lees (the "Ground Lomita") , between the City as landlord _ <br /> and Louisville Building Authority, a Colorado nonprofit <br /> corporation (the "Lessor*) , as tenant, whereby the City ieasee the $: <br /> Property to the Lessor and agrees to lease to the Idrsaor 'the, <br /> Additional Property upon acquisition thereof i r '' <br /> . certain .annmetly t o f colig .e F r i. <br /> y i ,- <br /> . . . 1 i '1, IPSO the "Leads"); .betvesa thi ty iit t - ::i t.,, <br /> lessee WA sablssM.- and the Lessor as lessor and snbi*saot, ' <br /> whereby the Lessor has subleased to the City the Property and, . <br /> upon acquisition thereof by the City, the Additional Property (the <br /> "Sits*) , and has leased to the City certain real and personal <br /> property comprising the Golf Course and certain Equipment (as ,,. <br /> defined in the Lease) , to be constructed and installed on the ' . = `` <br /> Site, and (iii) that certain star Water Service Agreement dated • <br /> Jude 1, lest (the "Water afire rent") , between the City and the <br /> Lessor, whereby the City agrees to provide water to the Lessor for <br /> the purpose of irrigating the Golf Courser and <br /> WHEREAS, pursuant to that certain Mortgage and Indenture <br /> of Trust dated June 1, 191$ (the • ") , to be entered into <br /> between the Lessor as grantor, and central Bank of Denver, a <br /> banking corporation, as trustee Mho *Trustee.), the Lessor has <br /> assigned its interests in the Ground Lease, the Lease, and the <br /> Mater Agreement to the Trustee; and <br /> , pursuant to the Indenture, and in order to <br /> provide funds for the construction, other acquisition, and <br /> equipping of the Golf Course, certificates of participation (the <br /> "C.rtificatas") will he issued and sold evidencing assignments of <br /> 1i <br />