Resolution 1981-17 - Laserfiche WebLink

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I RES 0 L UTI 0 N NO. -LL ------.---- ESOLUTION AGREEING TO ISSUE INDUSTRIAL LOPMENT REVENUE BONDS TO FINANCE A PROJECT BOULDER VALLEY POW WOW, INC. , A COLORADO ROFIT CORPORATION. EAS, the City of Louisville in the State of Colorado (the is authorized by the County and Municipality Devel- opment Reven e Bond Act, C.R.S. 1973, constituting Title 29, Article 3, P rt 1, C.R.S. 1973, as amended (the "Act"), for the benefit of th inhabitants of the State and for the promotion of their health, safety, welfare, convenience, and prosperity, to finance one r more projects, including any land, building or other improv ments and all necessary and appurtenant real or personal prop rties suitable for manufacturing, industrial, com- mercial, agri ultural, or business enterprises, upon such condi- tions as the City Council ( the "City Council") of the City of Louisville ma deem advisable; and WHE EAS, the City is further authorized by the Act to issue its evenue bonds or other obligations for the purpose of defraying the cost of financing any such project; and WHE EAS, representatives of Boulder Valley Pow Wow, I nc. , a Color do nonprofit corporation (the "User") have met with officials of the City and have advised the City of the User's interest in eveloping land within the City as a site for and constructing and equipping thereon structures, buildings, and related and ppurtenant facilities for use as a rodeo park ( the "Project"), s bject to the willingness of the City to finance the Project by th issuance of industrial development revenue bonds or other obligat'ons pursuant to the Act; and EAS, the User has represented to the City that the Project een designed to qualify as a "project" within the meaning Act; and WHE EAS, the City has considered the User's proposal and has conc uded that the economic benefit to the City will be substantial d e to an increase in employment and the promotion of industry and of trade and other economic activity within the Ci EAS, the City wishes to proceed with the financing of the ; and EAS, the proposed issuance of the industrial devel- opment revenu bo nd s and the execution of related financing docu- ments are not prohibited by any ordinances, resolutions, or rules of the City;