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<br />(Form of Election Notice) <br /> <br />NOTICE OF SUBMISSION OF GENERAL <br />OBLIGATION BONDS QUESTIONS AT <br />A SPECIAL MUNICIPAL ELECTION ON <br />TUESDAY. JULY 7. 1992 <br />LOUISVILLE. COLORADO <br /> <br />OFFICIAL NOTICE IS HEREBY GIVEN that there will be submitted at a <br />special municipal election to be held in the City on Tuesday, July 7, 1992, the following bond <br />questions: <br /> <br />Question No.1 <br /> <br />Shall the City of Louisville be authorized to issue its general <br />obligation bonds, in one series or more, in the aggregate <br />principal amount of $5,830,000, or so much thereof as may be <br />necessary, to exercise the City's purchase option under existing <br />lease purchase agreements to which the City is a party, for the <br />purpose of acquiring, equipping and improving a public golf <br />course currently known as the Coal Creek Golf Course, in the <br />City, together with all necessary equipment, improvements, land <br />and easements for the foregoing, such bonds to bear interest at <br />a maximum net effective rate not to exceed eight per centum <br />(8%), and maturing not later than twenty (20) years from their <br />date or respective dates, such bonds to be payable from general <br />ad valorem taxes without limitation of rate or amount except to <br />the extent other legally available funds are applied therefore, to <br />be issued and sold at one time or from time to time in such <br />manner and amounts, with such maturities and upon such terms <br />and conditions as the Council may determine, including at the <br />option of the Council, provision for the redemption of bonds <br />prior to maturity without or with the payment of a premium? <br /> <br />Question No.2 <br /> <br />Shall the City of Louisville be authorized to issue its general <br />obligation bonds, in one series or more, in the aggregate <br />principal amount of $200,000, or so much thereof as may be <br />necessary, to exercise the City's purchase option under existing <br />lease purchase agreements to which the City is a party, for the <br />purpose of acquiring, equipping, improving and developing certain <br />real property in the City to be used for public parking in the <br />downtown area of the City, together with all necessary <br /> <br />- 8 - <br />