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<br /> I <br /> EXHIBIT A <br /> MEMORANDUM OF AGREEMENT <br /> Thi Memorandum of Agreement is between the City of <br />Louisville, C lorado (the "City") and Boulder Valley Pow Wow, <br />I nc. , a Color do nonprofit corporation (the "User"). <br /> 1. Preliminar Statement. Among the matters of mutual <br />inducement wh"ch have resulted in the execution of this Agreement <br />are the folIo ing: <br /> ( a) The City is a municipal corporation in the <br /> Sta e of Colorado, a body politic and corporate, <br /> aut orized and empowered by Title 29, Article 3, of the <br /> Col rado Revised Statutes 1973, as amended (the "Act"), <br /> to ssue development revenue bonds to finance one or <br /> mor projects, including any land, building or other <br /> imp ovement and all real or personal properties suit- <br /> abl or used for or in connection with any manu- <br /> fac uring, industrial, commercial, agricultural, or <br /> business enterprise, upon such terms and cond i tions as <br /> the City Council (the "City Council") of the City of <br /> Louisville deems advisable. <br /> ( b) In order to increase employment and in order <br /> to romote industry and develop trade and other eco- <br /> nomic activity within the City of Louisville, State of <br /> Col rado: ( 1 ) the User proposes to develop I and, <br /> including water, sewer, and street improvements, as a <br /> sit for, and construct, improve, and equip thereon <br /> str ctures, buildings, and related and appurtenant <br /> fac'lities for use as a rodeo park located within the <br />. Cit (the "Project"), ( 2 ) pursuant to a Loan Agreement <br /> bet een City and User, (the "Loan Agreement") City will <br /> loa the proceeds of its industrial development revenue <br /> bonds or other obligations (the "Bonds") to the User <br /> for such site development and building construction, <br /> imp ovement and equipment, and ( 3 ) the User will make <br /> loa repayments under said Agreement sufficient to pay <br /> the principal of, premiums, if any, and interest on the <br /> Bon s or other obligations. <br /> ( c) The City has indicated its willingness to <br /> pro eed with the issuance of its Bonds or other obliga- <br /> tio s as provided by the Act to finance the Project and <br /> has advised the User that, subject to due compliance <br /> wit all requirements of law, the obtaining of all <br /> nec ssary consents and approvals, and the happening of <br /> all acts, conditions and things required precedent to <br /> A-1 <br />