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<br />RES 0 L U T .!. 0 N NO. # \ <br /> <br />A RESOLUTION EXPRESSING THE INTENT OF THE CITY <br />OF LOUISVILLE TO ISSUE INDUSTRIAL DEVELOPMENT <br />REVENUE BONDS TO FINANCE A PROJECT FOR <br />WESTWIND PROPERTIES, A COLORADO GENERAL <br />PARTNERSHI P. <br /> <br />WHEREAS, the City of Louisville in the State of Colorado <br />(the "City"), is authorized by the County and Municipality <br />Development Revenue Bond Act, constituting Title 29, Article 3, <br />Part l, C.R.S. (the "Act"), for the benefit of the inhabitants of <br />the State and for the promotion of their health, safety, welfare, <br />con venience, and prosperi ty, to finance one or more pro jects, <br />including any land, building or other improvement and all <br />necessary and appurtenant real or personal properties suitable for <br />manufacturing, industrial, commercial, agricultural, or business <br />enterprises, upon such conditions as the City Council (the <br />"Council") of the City of Louisville may deem advisable: and <br /> <br />WHEREAS, the Council is further authorized by the Act to <br />issue its revenue bonds or other obligations for the purpose of <br />defraying the cost of financing any such project~ and <br /> <br />WHEREAS, representatives of Westwind Properties, a <br />Colorado general partnership (the "User") have met with officials <br />of the City and have advised the City of the User's interest in <br />acquiring and developing land and constructing and equi~ping <br />thereon an approximately 26,000 square foot manufacturing and <br />office facility, inCluding all necessary and appurtenant real and <br />personal property, which will be leased to Scope Manufacturing, <br />Inc., a Colorado corporation, for use in manufacturing precision <br />sheet metal products for the computer industry, all located within <br />the boundaries of the City (the "Project"), subject to the <br />willinGness of the City to finance the Project by the issuance of <br />industrial development revenue bonds or other obligations pursuant <br />to the Act: and <br /> <br />WHEREAS, the User has represented to the City that the <br />Project has been designed to qualify as a "project" within the <br />meaninG of the Act: and <br /> <br />WHEREAS, the City has considered the User's proposal and <br />has concluded that the benefit to the City will be substantial due <br />to an increase in employment and the promotion of industry and <br />development of trade and other economic activity within the City~ <br />and <br /> <br />WHEREAS, the City wishes to proceed with the financing <br />of the Project: and <br /> <br /> <br /> <br /> <br />- 2 - <br />