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City Council Agenda and Packet 2025 07 08
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City Council Agenda and Packet 2025 07 08
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7/24/2025 3:49:18 PM
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City Council Records
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7/8/2025
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City Council Packet
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FOURTH AMENDED AND RESTATED COOPERATION AGREEMENT <br />This Fourth Amended and Restated Cooperation Agreement (the Fourth Amended and <br />Restated Cooperation Agreement) is made as of , 2023 2025, by and between the <br />CITY OF LOUISVILLE, COLORADO (the City) and the LOUISVILLE REVITALIZATION <br />COMMISSION (the LRC). The City and the LRC are sometimes referred to herein individually <br />as a Party and collectively as the Parties. <br />RECITALS <br />A. The City is a home -rule city and municipal corporation duly organized and existing <br />under and pursuant to Article XX of the Colorado Constitution and Charter of the City (the <br />Charter). <br />B. The LRC is a public body corporate and politic authorized to transact business and <br />exercise its powers as an urban renewal authority under and pursuant to the Colorado Urban <br />Renewal Law, Part 1 of Article 25 of Title 31, C.R.S. (the Act Urban Renewal Law). <br />C. The City and the LRC entered into that Cooperation Agreement dated December 5, <br />2006 (the "Original Cooperation Agreement"). <br />D. The City and the LRC thereafter entered into that Amended and Restated <br />Cooperation Agreement dated April 5. 2011 (the "First Amended and Restated Cooperation <br />Agreement"). <br />E. The City and the LRC subseauently entered into another Amended and Restated <br />Cooperation Agreement dated November 17. 2015 (the "Second Amended and Restated <br />Cooperation Agreement"). <br />F. The City and the LRC subseauently entered into that Amended and Restated <br />Cooperation Agreement dated Mav 16. 2023 (the "Third Amended and Restated Cooperation <br />Agreement"). <br />G. The City and the LRC now desire to enter into this Fourth Amended and Restated <br />Cooperation Agreement (the "Fourth Amended and Restated Cooperation Agreement") to <br />memorialize all updated aspects of the relationship between the City and the LRC. <br />EH. The Act and Section 18, Article XIV of the Colorado Constitution authorize the <br />Parties to enter into cooperation agreements, and the Parties desire to enter into this Fourth <br />Amended and Restated Cooperation Agreement respecting operating funds, support services, and <br />general oversight of the LRC to be provided by the City to the LRC and related matters. <br />AGREEMENT <br />1 <br />9 <br />
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