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. <br /> . , . <br /> Zos triqq�, x�r a�ouriti�� Graup, Vnd�rwri�+r� to th� colarado <br /> Rssoura�s and Po�r�r Drv�:op�.ant Authority. H� p�►���d out <br /> dooua�ntis to �� Couna�i to to�lar a� 2� �cpia.�n�d bo�r th�y got ta <br /> �rh�xr� tb� u� and r►�caatly vb�� th�Y asw. <br /> sriqq�r� Th� 0!lic3.�Z �tatssrnt i� th� <br /> dooua�ttt ++�io� tbr ia�u�s pravid�s <br /> to th� purcha��►r o! tt� banda. In <br /> our bw in�� � it p�►ss� tor r <br /> prosp�ctuM, vliich Cow►cil �y b� <br /> sor� �ui 1 lar vitb in co�ora�� <br /> linanc! or in �tocka, but it do�s <br /> co�tain tull di�cio�ur�. T want ta <br /> ravi tk�� bac3cqrourb ot tt�i• <br /> transactivh. b�ca�u�� w� atart�d <br /> workinq on i,t witb di�i�r�nt ��abars <br /> o! City Counail. �t� b�qan talkinq <br /> about thi� l��t S�pt�ab�r oe Octok�r <br /> and h�r� v� ar� in Aprii ioolrinq <br /> torw�rd to olosinq t�� tra�uaction. <br /> �tlr ortdir,�l ad�vi��� �• +r x�ap�r <br /> r�pr�sarst�rtiv�. to tMh� City was to <br /> apyly to khs Color�da Nat�r <br /> A�ouress l►uthoarity ta provid• tl�� <br /> tit►ancxnq �or ths Qout6 1tat�� <br /> Tr�ata�a+t l�aailit�►. Laui�vili• <br /> rrauld t�a�iv� a rubaidy lro� th� <br /> Colorr4o KaC�t R�wurc�a Authority <br /> to h�ip aov�r th� carta a! ir�u�anc�. <br /> �v�n aaid� lro� xh� •ub,idy, th� <br /> ooal� o! R.h� is �uanc� wauld b� lov�r <br /> tba� �# Lcui�vi��• rrn� on it• owr�. <br /> A princ�pY � r��oon �ar th�t wou7.d b� <br /> �t►at bond insurar►c• v�•.1d b� <br /> obt�inabli at a auc� 1Qw�r pt�wiva <br /> throuqA tha Ruthority than on our <br /> ow:t. 1lssusi� th�►t w� vould t�av• <br /> accoa• to bon4 insuranc� on ov�r am, <br /> �rdicb �a• by no ws�tn� � sur� thinq. <br /> Louirvill� t�a�! au�d� th� policy <br /> Qsci�ion to adopt • s�s�s PsY <br /> prl.n�cipl�. W� caa do t2�at in th� <br /> linancinq by �hixtinq to a r�v�nu� <br /> bas�d bond r��urity stractur�. a� <br /> appasrd to th� q�nw�a�, oblf.qatian <br /> apprw►ci�, vhir�h ha4 b��n don• in th� <br /> p��t. 2h�E voulA b� v�t-y taa�lbl�, <br /> qainq rb�rouqh th� �luthority. xt <br /> vauld hav� b��n v�ry difticult qoinq <br /> on our ovrf. D��caus• w� would obtain <br /> a b�ttir rr►Cinq, lo��r int�r�st <br /> rat�, w� aould hav qr�aC�r d�bt <br /> 14 <br />