Ordinance 1985-856 - Laserfiche WebLink

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(FORt1 OF BOND) UNITED STATES OF AMERICA STATE OF COLORADO COUNTY OF BOULDER ~ CITY OF LOUISVI LLE INDUSTRIAL DEVELOPMENT REVENUE BOND (KLISTER PROPERTIES PROJECT) SERIES 1985 The City of Louisville, Colorado, a pol i tical s ubd ivis ion of the Sta te of Colorado (the "Issuer"), for val ue r ece ived , hereby promises to pay to First Na tional Bank in BOulder, in Bo ul der Color ado, or its registered assigns (the "Lender") , from the source and in the manner hereinafter prov ided, the pr inc ipal sum of ONE MILLION TWO HUN DRED THOUSAND DOLLARS ($1,200,000), or so much thereof as remains un pa id from time to time (the II Pr incipal Balance") , with interest thereon from the da te o"f issuance and delivery hereof to the purchaser a tar a te 0 f ten percen t (10.00%) per annum (which interest rate is subject to adj ustrnent in the event of a De termina tion of Taxab il i ty as hereinafter prov ided) , all in teres t computed on the basis of the ac t ual number of days el apsed within a mo n th of thir ty ( 30) days and over a year of three hundred and sixty (360) days, in any coin or currency which at the time or times of payment is legal tender for the payment of public or pr ivate debts in the Un i ted S ta tes 0 f America. This Bond shall be amor ti zed and paid in mo n t hl y ins t all me n t s (which installmen ts are subject to adj us tme!1 t in the event of a De termina tion of Taxab il i ty as hereinafter prov ided) , payable on the first day of each mon th, commenc i ng 1, 1985, and con tinuing through 1, 2000, or such earlier date as the Pr inc i pal Bal ance hereof with interest thereon shall have been paid in full, in an amoun t sufficient to amortize the Pr inc ipal Bal ance hereof as of 1, 2000. Pr inc i pal and in terest shall be payable to the reg istered owner he r eo f at the address shown on the registration book maintained by the City CI erk of the City of Louisville, as registrar. This Bo nd is iss ued by the Iss uer to prov ide funds for a project, as defined in Sec tion 29-3-l03(10) of the Coun ty and Municipality Developmen t Revenue Bond Act, Ti tl e 29, Art icle 3, Part 1, C.R.S. ( the "Act" ) consisting of acquiring and developing land and constructing thereon an approx ima tely 26,000 sq uare foot manufac tur ing and of fice fac il i ty , incl ud ing all necessary and appurtenant real and personal proper ty, which will be leased to Sc 0 pe Manufactur ing Inc. , a Colorado corporation, for use in manufact ur ing prec i s ion shee t me tal products for the computer industry, all loca ted within the boundaries of the Is s ue r (the "Project"), purs uan t to a Loan Agreemen t da t ed as of the date hereof, amo ng the Issuer, Kl ister Pr 0 pe r tie s , a Colorado general par tnershi p (the II Borrower ") , and the Lender and is fur ther is s ue d pur suan t to and in full compl iance with the Ordinance fin all y adopted by the Is suer pr ior to the iss uance of the Bond. This - 7 - .