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<br />ORDINANCE NO. 1493 <br />SERIES 2006 <br />AN ORDINANCE AUTHORIZING THE ISSUANCE AND <br />SALE OF THE CITY OF LOUISVILLE, REVENUE BOND <br />(DENT AL AID, INC. PROJECT) SERIES 2006, IN A TOTAL <br />PRINCIPAL AMOUNT NOT TO EXCEED $850,000; <br />MAKING DETERMINATIONS AS TO SUFFICIENCY OF <br />REVENUES AND AS TO OTHER MATTERS RELATED TO <br />THE PROJECT AND APPROVING THE FORM AND <br />AUTHORIZING THE EXECUTION OF CERTAIN <br />DOCUMENTS RELATING THERETO. <br />WHEREAS, the City of Louisville (the "Issuer"), is authorized by the provisions <br />of the County and Municipality Development Revenue Bond Act, article 3 of title 29, Colorado <br />Revised Statutes, as amended (the "Act"), to issue revenue bonds for the purpose of financing <br />projects to be located within the Issuer for the purposes enumerated in the Act, to enter into <br />financing agreements with others for the purpose of providing revenues to pay such bonds, and <br />further to secure the payment of such bonds; and <br />WHEREAS, the Act provides that title to any project may at all times remain in <br />the name of the user of the project; and <br />WHEREAS, Dental Aid, Inc., a Colorado nonprofit corporation and an <br />organization described in Section 501(c)(3) of the Internal Revenue Code of 1986, as amended <br />(the "Borrower"), has requested that the Issuer issue its revenue bond in accordance with the <br />Charter and the Act, such bond to be designated the City of Louisville, Colorado, Revenue Bond <br />(Dental Aid, Inc. Project) Series 2006 (the "Bond"), the proceeds of which shall be loaned to the <br />Borrower for the purposes of (i) providing funds for the purchase of an administrative facility <br />located at 877 South Boulder Road, in Louisville and (ii) paying certain costs of issuance relating <br />to the Bond; and <br />