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COOPERATION AGREEMENT <br />Highway 42 Revitalization Area Gateway Project Funding <br />This Agreement (the Cooperation Agreement) is made as of ___________________, <br />2012, by and between the CITY OF LOUISVILLE, COLORADO (the City) and the <br />LOUISVILLE REVITALIZATIONCOMMISSION (the LRC). The City and the LRC are <br />sometimes referred to herein individually as a Party and collectively as the Parties. <br />RECITALS <br />A.The City is a home-rule city and municipal corporation duly organized and <br />existing under and pursuant to Article XX of the Colorado Constitution and Charter of the City <br />(the Charter). <br />B. The LRC is a public body corporate and politic authorized to transact business and <br />exercise its powers as an urban renewal authority under and pursuant to the Colorado Urban <br />Renewal Law, Part 1 of Article 25 of Title 31, C.R.S. (the Act). <br />C. The Act and Section 18, Article XIV of the Colorado Constitution authorize the <br />Parties to enter into cooperation agreements, and the Parties desire to enter into this Cooperation <br />Agreement respecting financial assistance to the construction of the South Street Underpass to be <br />located at the crossing of South Street under the Burlington Northern Railroad right-of-way(the <br />Project). <br />D.The Project is located within the area (the Plan Area) described in the Highway 42 <br />Revitalization Area Urban Renewal Plan (the Plan). The Project will allow for a connection and <br />access between properties and portions of the Plan Area lying east and west of the rail lines, and <br />will be carried out in furtherance of the purposes of the Act and Plan. <br />E. The Plan provides for financing the activities and undertakings of the LRCby <br />means of property tax allocation or tax increment financing (Property Tax TIF) in accordance <br />with Section 31-25-107(9) of the Act. <br />F.The Parties previously entered into that certain Amended and Restated <br />Cooperation Agreement dated April 5, 2011 (2011 Cooperation Agreement), which provides that <br />the LRC shall repay to the City Costs and Expenses incurred by the City for the provision of <br />Operating Funds and Support Services for the LRC, as further defined and set forth in the 2011 <br />Cooperation Agreement. <br />G. The parties also previously entered into that certain Tri-Party Agreement with the <br />County of Boulder dated December 5, 2006 (Tri-Party Agreement) which provides that <br />commencing on January 1, 2015, there shall be paid to the County certain County TIF Revenues, <br />as further defined and set forth in the Tri-PartyAgreement. <br />6 <br /> <br />