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<br />~01069970 10/19/90 11 :23 AM REAL ESTATE RECORDS <br />F1648 CHARLOTTE HOUSTON BOULDER CNTY CO RECORDER <br />ORDINANCE NO. 1021 <br /> <br />AN ORDINANCE PROVIDING FOR THE AMENDMENT OF <br />THE CITY OF LOUISVILLE, COLORADO, INDUSTRIAL <br />DEVELOPMENT REVENUE BOND (REGAL INVESTMENT <br />ASSOCIATES, LIMITED, PROJECT) SERIES 1981; AND <br />APPROVING THE FORM AND AUTHORIZING THE <br />EXECUTION OF CERTAIN DOCUMENTS RELATING <br />THERETO. <br /> <br />WHEREAS, the City of Louisville, Colorado (the <br />"Issuer"), acting through its City Council (the "Council"), is <br />authorized by the provisions of Part 1 of Article 3 of Title 29, <br />C. R. S . (the "Act"), to finance, refinance, acquire, own, lease, <br />improve and dispose of properties to the end that manufacturing, <br />industrial, commercial or business enterprises will locate, <br />expend, or remain in the City of Louisville, and the Issuer is <br />further authorized thereby to issue revenue bonds for the purpose <br />of defraying the costs of financing, refinancing, acquiring, <br />improving and equipping such facilities; and <br />WHEREAS, the Issuer has previously issued its $375,000 <br />Industrial Development Revenue Bond (Regal Investment Associates, <br />Limited, Project) Series 1981 (the "Bond"), to finance the <br />construction of an office building located within the boundaries <br />of the Issuer (the "Project"); and <br />WHEREAS, the Issuer now desires to amend the Bond to <br />reduce the interest rate payable on such Bond; and <br />WHEREAS, the following documents have been submitted to <br />the Council and filed in the office of the City Clerk and are <br />there available for public inspection: <br />(a) a First Amendment to Loan Agreement, proposed to be <br />made and entered into between the Issuer and Regal Investment <br />Associates, Limited (the "Borrower"); <br />(b) a First Amendment to Combination Mortgage and <br />Security Agreement between the Borrower and the First National <br />Bank in Boulder (the "Trustee"); and <br /> <br />- 2 - <br /> <br />1.3-J <br /> <br />to!;; <br />.. .------- <br />