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RESOLUTION NO. 41 <br /> SERIES 2012 <br /> A RESOLUTION APPROVING A NON-BINDING LETTER OF INTENT WITH <br /> ANTERRE PROPERTY GROUP, LLC REGARDING REDEVELOPMENT AND <br /> PRESERVATION OF THE HISTORIC GRAIN ELEVATOR PROPERTY LOCATED <br /> AT 540 AND 544 FRONT STREET IN LOUISVILLE <br /> WHEREAS, the City Council previously issued a request for proposals (RFP) soliciting <br /> proposals from parties interested in cooperating with the City in the redevelopment and <br /> preservation of the Historic Grain Elevator property located at 540 and 544 Front Street in <br /> Louisville; and <br /> WHEREAS, Amterre Property Group, LLC ("Amterre"), which is the holder of a current <br /> contract for purchase of the property, submitted to the City a response to the RFP proposing a <br /> project for redevelopment and preservation of the property, to include funding from the City's <br /> Historical Preservation Fund for the purchase, stabilization and improvement of the Historic <br /> Grain Elevator structure; and <br /> WHEREAS, there has been proposed between the City and Amterre a non-binding letter <br /> of intent to outline the basic intent of the parties regarding City assistance and developer <br /> obligations respecting the project, which non-binding letter of intent is for the purpose of guiding <br /> further negotiations concerning a grant agreement and other agreements that are determined <br /> necessary to effect the parties' intent; and <br /> WHEREAS,the City Council by this Resolution desires to approve the proposed letter of <br /> intent and authorize its execution. <br /> NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE <br /> CITY OF LOUISVILLE, COLORADO: <br /> Section 1. The proposed Non-Binding Letter of Intent Between the City of Louisville <br /> and Amterre Property Group, LLC, outlining assistance from the City and developer obligations <br /> regarding a potential project for the redevelopment and preservation of the Historic Grain <br /> Elevator property (the "Letter of Intent"), is hereby approved in essentially the same form as the <br /> copy of such Letter of Intent accompanying this Resolution. <br /> Section 2. The Mayor is authorized to execute the Letter of Intent on the behalf of the <br /> City, except that the Mayor is hereby granted the authority to negotiate and approve such <br /> revisions to said Letter of Intent as the Mayor and City Manager determine are necessary or <br /> desirable for the protection of the City, so long as the essential terms and conditions of the Letter <br /> of Intent are not altered. <br /> PASSED AND ADOPTED this /7 day of , 2012. <br /> Resolution No. 41, Series 2012 <br /> Page 1 of 2 <br />