Resolution 2025-68 - NEEDS SIGNED AGREEMENT

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RESOLUTION NO. 68 SERIES 2025 A RESOLUTION APPROVING A 2025 AFFORDABLE HOUSING GRANT PROGRAM FUNDING AGREEMENT AND SUBRECIPIENT AGREEMENT WHEREAS, Boulder County has set aside certain moneys from its Affordable and Attainable Housing Tax revenues for the creation and development of new affordable housing units within the County, and specifically, to fund capital projects in the County meeting criteria established by the Board of County Commissioners for its Affordable Housing Grant Program; and WHEREAS, Boulder County has approved a funding request to support certain City projects as are set forth in Exhibit A to the 2025 Affordable Housing Grant Program Funding Agreement, a copy of which accompanies this resolution; and WHEREAS, the Subrecipient Agreement will authorize the Boulder County Housing Authority to expend the funds on Louisville's behalf to complete the projects set forth in Exhibit A to the Funding Agreement; and WHEREAS, by this resolution the City Council desires to approve the Funding Agreement and Subrecipient Agreement. NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF LOUISVILLE, COLORADO: Section 1. The City Council hereby approves the 2025 Affordable Housing Grant Project Funding Agreement and the Subrecipient Agreement in substantially the same form as the copies of such Agreements accompanying this Resolution. Section 2. The Mayor is hereby authorized to execute the Agreements on behalf of the City, and the Mayor is hereby further authorized to negotiate and approve such revisions to either or both of the Agreements as the Mayor determines are necessary or desirable for the protection of the City, so long as the essential terms and conditions of the Agreements are not altered. PASSED AND ADOPTED this 16th day of September, 2025. ATTEST: Genny Kline, Interim City Clerk Christo p heal Leh, Mayor Resolution No. 68, Series 2025 Page 1 of 1