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RESOLUTION NO. 46 <br />SERIES 2012 <br />A RESOLUTION APPROVING A BUSINESS ASSISTANCE AGREEMENT <br />WITH TAKODA PROPERTIES, INC., CREATIVE ENTERPRISES, LLC, AND <br />VARIETY ARTS OF LOUISVILLE FOR THE EXPANSION OF A NON - PROFIT <br />ARTS CENTER AND CREATE NEW RETAIL OPPORTUNITIES AT 2397 <br />HIGHWAY 42 <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 retain high- quality jobs <br />and remain competitive with other local governments in creating assistance for <br />occupancy of existing space in the City; and <br />WHEREAS, Takoda Properties, Inc., Creative Enterprises, LLC, and Variety <br />Arts of Louisville plan to develop approximately 18,000 square feet of non -profit and <br />retail space at 2397 Highway 42; and <br />WHEREAS, there has been proposed a Business Assistance Agreement among <br />the parties, a copy of which is attached hereto as Exhibit "A" and incorporated herein by <br />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 />implementation; <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 among the City of Louisville <br />and Takoda Properties, Inc., Creative Enterprises, LLC, and Variety Arts of Louisville <br />(the "Agreement ") is hereby approved in essentially the same form as the copy of such <br />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 />Resolution No. 46, Series 2012 <br />Page 1 of 3 <br />