Laserfiche WebLink
<br />SECTION 2 <br /> <br />Consent to Issuance <br /> <br />2.1 On the basis of the information given to the City to date, the City hereby <br />consents to the issuance by the Colorado Health Facilities Authority of approximately <br />$6,800,000 of its revenue bonds, and the loan of the proceeds thereof to the Society to <br />finance the Project. The adoption of this resolution shall not be deemed, however, to <br />establish a legal obligation on the part of the City, its Council or the Colorado Health <br />Facilities Authority to issue or to cause the issuance of such bonds. The bonds, if issued <br />by the Colorado Health Facilities Authority, shall not constitute a charge, lien or <br />encumbrance, legal or equitable, upon any property of the City or the Colorado Health <br />Facilities Authority. The bonds shall be payable solely from said revenues and property <br />of the Society specifically pledged to the payment thereof, and shall not constitute a debt <br />or pecuniary liability of the City or the Colorado Health Facilities Authority within the <br />meaning of any constitutional or statutory limitation. <br /> <br />Adopted this 14th day of June, 2004. <br /> <br />Mtj ~~ <br /> <br />Attest: <br /> <br />~J~ <br />City Cler <br /> <br />2474304vl <br />