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RESOLUTION NO. 30 <br />SERIES 2011 <br />A RESOLUTION APPROVING A BUSINESS ASSISTANCE AGREEMENT <br />WITH THE ALLEN COMPANY FOR THE OCCUPANCY OF NEWLY <br />CONSTRUCTED SPACE IN THE COLORADO TECHNOLOGY CENTER IN <br />THE CITY OF LOUISVILLE <br />WHEREAS, the successful attraction and retention of high quality development <br />to the City of Louisville provides employment opportunities and increased revenue for <br />citizen services and is therefore an important public purpose; and <br />WHEREAS, it is important for the City of Louisville to attract high quality jobs <br />and remain competitive with other local governments in creating assistance for <br />occupancy of newly constructed space in the City; and <br />WHEREAS, The Alien Company plans to build two industrial buildings totaling <br />over 300,000 square feet in size on CTC Boulevard in Louisville; and <br />WHEREAS, there has been proposed a Business Assistance Agreement between <br />the City and The Allen Company, a copy of which is attached hereto as Exhibit "A" and <br />incorporated herein by this reference; and <br />WHEREAS, pursuant to the Constitution of the State of Colorado, and the Home <br />Rule Charter and ordinances of the City of Louisville, the City has authority to enter into <br />the proposed Business Assistance Agreement; <br />WHEREAS, the City Council finds that the proposed Business Assistance <br />Agreement is consistent with and in furtherance of the business assistance policies of the <br />City, and desires to approve the Agreement and authorize its execution and <br />implenlentation; <br />NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF <br />THE CITY OF LOUISVILLE, COLORADO THAT: <br />1. The proposed Business Assistance Agreement between the City of Louisville <br />and The Allen Company (the "Agreement is hereby approved in essentially the same form <br />as the copy of such Agreement accompanying this Resolution. <br />2. The Mayor is hereby authorized to execute the Agreement on behalf of the <br />City Council of the City of Louisville, except that the Mayor is hereby granted the authority <br />to negotiate and approve such revisions to said Agreement as the Mayor determines are <br />necessary or desirable for the protection of the City, so long as the essential terms and <br />conditions of the Agreement are not altered. <br />3. City staff is hereby authorized to do all things necessary on behalf of the City <br />to perform the obligations of the City under the Agreement, including but not limited to <br />Resolution No. 30, Series 2011 <br />Page 1 of 3 <br />