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RESOLUTION NO. 49 SERIES 2006 A RESOLUTION APPROVING A COOPERATION AGREEMENT BETWEEN THE CITY OF LOUISVILLE AND THE LOUISVILLE REVITALIZATION COMMISSION WHEREAS, the City of Louisville (the City) is a home-rule city and municipal corporation duly organized and existing under and pursuant to Article XX of the Colorado Constitution and Charter of the City; and WHEREAS, the Louisville Revitalization Commission (the LRC) is a public body corporate and politic authorized to transact business and exercise its powers as an urban renewal authority under and pursuant to the Colorado Urban Renewal Law, Part 1 of Article 25 of Title 31, C.R.S. (the Act); and WHEREAS, the Act and Section 18, Article XIV of the Colorado Constitution authorize the City and the LRC to enter into cooperation agreements, and the Act specifically authorizes the City and LRC to enter into agreements respecting action to be taken pursuant to any of the powers set forth in the Act; and WHEREAS, the City and the LRC desire to enter into a Cooperation Agreement respecting operating funds, support services, and general oversight of the LRC to be provided by the City to the LRC, and related matters. NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF LOUISVILLE, COLORADO: Section 1. The proposed Cooperation Agreement between the City of Louisville and the Louisville Revitalization Commission, a copy of which is attached hereto and incorporated herein by this reference, is hereby approved. The Mayor is hereby authorized to execute the attached version of the Cooperation Agreement on behalf of the City Council of the City of Louisville. N~~ry~