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RESOLUTION NO. 49 SERIES 2011 A RESOLUTION AMENDING A BUSINESS ASSISTANCE AGREEMENT WITH THE ALLEN COMPANY FOR THE OCCUPANCY OF NEWLY CONSTRUCTED SPACE IN THE COLORADO TECHNOLOGY CENTER IN THE CITY OF LOUISVILLE WHEREAS, the successful attraction and retention of high quality development to the City of Louisville provides employment opportunities and increased revenue for citizen services and is therefore an important public purpose; and WHEREAS, it is important for the City of Louisville to attract high quality jobs and remain competitive with other local governments in creating assistance for occupancy of newly constructed space in the City; and WHEREAS, The Allen Company plans to build two industrial buildings totaling over 300,000 square feet in size on CTC Boulevard in Louisville; and WHEREAS, on June 7 the City Council approved a Business Assistance Agreement between the City and The Allen Company, including a requirement that the project be occupied by December 31, 2012; and WHEREAS, The Allen Company has requested an amendment to allow for a further 6 months time prior to occupancy due to the size of the project to accommodate any unanticipated construction delays, and WHEREAS, pursuant to the Constitution of the State of Colorado, and the Home Rule Charter and ordinances of the City of Louisville, the City has authority to enter into the proposed Business Assistance Agreement; WHEREAS, the City Council finds that the proposed Business Assistance Agreement is consistent with and in furtherance of the business assistance policies of the City, and desires to approve the Agreement and authorize its execution and implementation; NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF LOUISVILLE, COLORADO THAT: 1. The proposed Business Assistance Agreement between the City of Louisville and The Allen Company (the "Agreement is hereby approved in essentially the same form as the copy of such Agreement accompanying this Resolution. 1. The Mayor is hereby authorized to execute the Agreement on behalf of the City Council of the City of Louisville, except that the Mayor is hereby granted the authority to negotiate and approve such revisions to said Agreement as the Mayor determines are Resolution No. 49, Series 2011 Page 1 of 3