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RESOLUTION NO. 22 <br />SERIES 2025 <br />A RESOLUTION APPROVING A FIRST AMENDMENT TO AND ASSIGNMENT <br />OF BUSINESS ASSISTANCE AGREEMENT WITH PARCEL 0 <br />PRODUCTIONS, LLC AND RELISH, LLC <br />WHEREAS, the successful attraction of quality development to the City of <br />Louisville provides employment opportunities and increased revenue for citizen <br />services and is therefore an important public purpose; and <br />WHEREAS, it is important for the City of Louisville to create and retain <br />quality jobs and remain competitive with other local governments in creating <br />assistance for occupancy of commercial space in the City; and <br />WHEREAS, by Resolution No. 42, Series 2023, the City Council approved <br />a Business Assistance Agreement with Parcel 0 Productions to provide business <br />assistance for a new pickle ball and food hall space in 79,000 square feet of <br />existing commercial space at 550 S McCaslin; and <br />WHEREAS, Parcel 0 Productions has determined it will operate one of the <br />food stands in the food hall space, resulting in an anticipated increase in sales tax <br />revenues for the project; and <br />WHEREAS, Parcel 0 Productions has further determined it will transfer <br />operation of the business to a new limited liability company, Relish LLC; and <br />WHEREAS, a First Amendment to and Assignment of the Business <br />Assistance Agreement has been prepared to effectuate these changes; and <br />WHEREAS, the City Council finds that the proposed First Amendment and <br />Assignment is consistent with and in furtherance of the business assistance <br />policies of the City, and it desires to approve the First Amendment and Assignment <br />and authorize its execution and implementation. <br />NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE <br />CITY OF LOUISVILLE, COLORADO THAT: <br />1. The proposed First Amendment to and Assignment of Business <br />Assistance Agreement between the City of Louisville, Parcel 0 Productions LLC, and <br />Relish LLC (the "Amendment and Assignment") is hereby approved in essentially the <br />same form as the copy of such Amendment and Assignment accompanying this <br />Resolution. <br />2. The Mayor is hereby authorized to execute the Amendment and <br />Assignment on behalf of the City, and the Mayor is further granted the authority to <br />negotiate and approve such revisions to said Amendment and Assignment as the <br />Resolution No. 22, Series 2025 <br />Page 1 of 2 <br />