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<br /> Golf Course or the leasing of the Project from the Lessor, are <br /> hereby ratified, approved, and confirmed. <br /> Section 2. Findings and Authorizations. The Council <br /> hereby finds and determines, pursuant to the Constitution and laws <br /> of the State of Colorado, that constructing, otherwise acquiring, <br /> and equipping the Golf Course, and leasing the Project from the <br /> Lessor under the terms and provisions set forth in the Lease, are <br /> necessary, convenient, and in furtherance of the governmental <br /> purposes of the City, and are in the best interests of the City <br /> and its citizens and inhabitants~ and the Council hereby <br /> authorizes such construction, other acquisition, and equipping of <br /> the Golf Course, and such leasing of the Project, under the terms <br /> and provisions of the Lease. <br /> Section 3. Approval of Lease. The Lease, in substan- <br /> - <br /> tially the form presented at this meeting of the Council, is in <br /> all respects approved, authorized, and confirmed, and the Mayor of <br /> ... <br /> the City is authorized and directed to affix his signature to the <br /> Lease in substantially the form and with substantially the same <br /> content as presented at this meeting of the Council, for and on <br /> behalf of the city. <br /> Section 4. Approval of Indenture. The Council hereby <br /> approves the execution and delivery by the Lessor and the Trustee <br /> of the Indenture, in substantially the form and with substantially <br /> the same content as presented at this meeting of the Council. <br /> Section 5. Approval of Certificate Purchase Agreement. <br /> The Council hereby approves and authorizes the sale of the <br /> Certificates to the Underwriter for a purchase price of $4,209,800 <br /> (i.e., a discount of $130,200), plus accrued interest from the <br /> dated date thereof to the date of issuance and delivery of the <br /> Certificates, and upon the other terms and conditions of the <br /> Certificate Purchase Agreement. The Certificate Purchase <br /> Agreement is in all respects approved, authorized, and confirmed, <br /> and the Mayor of the City is authorized and directed to affix his <br /> signature to the certificate Purchase Agreement in substantially <br /> - 4 - <br />