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<br />CITY OF LOUISVILLE <br />RESOLUTION NO. 18, SERIES 1979 <br /> <br />RESOLUTION DECLARING INTENT TO ISSUE DEVELOPMENT REVENUE <br />BONDS NOT TO EXCEED $2,500,000.00 FOR THE PURPOSE OF <br />INDUCING DREVER BUSINESS SYSTEMS COMPANY, INC. ("Company") <br />TO PURCHASE PROPERTY A~D CONSTRUCT FACILITIES FOR MANUF- <br />ACTURING,WAREHOUSE AND DISTRIBUTION OF WOOD PRODUCTS IN <br />LOUISVILLE, COLORADO, AND FOR THE PURPOSE OF ASSISTING <br />THAT COMPANY IN THE FINANCING OF FACILITIES ASSOCIATED <br />WITH SAID PLANT. <br /> <br />WHEREAS, the City Council of the City of Louisville, <br /> <br />Colorado, desires to strengthen employment and secure <br /> <br />and maintain a balanced and stable economy for the citizens <br /> <br />of the City of Louisville, Colorado; and <br /> <br />WHEREAS, a manufacturing plant for the above de- <br /> <br />scribed business would be a desirable addition to the econ- <br /> <br />omy of the City of Louisville, Colorado; and <br /> <br />WHEREAS, representatives of Company have had dis- <br /> <br />cussions with officials of the City of Louisville with <br /> <br />regard to the financing of such new plant and its facili- <br /> <br />ties by means of the City issuing development revenue bonds <br /> <br />as provided in Article 3, Title 29, Colorado Revised <br /> <br />Statutes, 1973, as amended; and <br /> <br />WHEREAS, the City Council desires that Company <br /> <br />become a resident of the City and build its new plant so <br /> <br />that employment and the economy of the City may be furthered <br /> <br />as provided above; and <br /> <br />WHEREAS, the construction of said plant and the in- <br /> <br />stallation of associated facilities will benefit the in- <br /> <br />habitants of the City of Louisville, Colorado, and the <br /> <br />State of Colorado by promoting their safety, welfare, con- <br /> <br />venience and prosperity. <br /> <br />NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF <br /> <br />THE CITY OF LOUISVILLE, COLORADO: <br /> <br />That in order to induce Drever Business Systems <br /> <br />Company, Inc. to move into the City of Louisville, Colorado, <br /> <br />and to proceed with the construction of its proposed new <br /> <br />plant, the City Council of the City of Louisville, Colorado, <br /> <br />will undertake to assist Company in the financing of said <br /> <br />new plant and associated facilities through the issuance of <br />