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RESOLUTION N0.48 SERIES 2007 A RESOLUTION APPROVING A BUSINESS ASSISTANCE AGREEMENT WITH ALCHEMY TECHNOLOGIES INC. FOR THE OCCUPANCY OF EXISTING SPACE AT 1558 CHERRY STREET IN THE COLORADO TECH CENTER IN THE CITY OF LOUISVILLE WHEREAS, the success>ful 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 quality jobs and remain competitive with other local governments in creating assistance for occupancy of existing space in the City; and WHEREAS, ALCHEMY TECHNOLOGIES, INC. plans to lease 24,710 square feet of existing industrial space at 1558 Cherry Street in the Colorado Tech Center in Louisville; and WHEREAS, there has been proposed a Business Assistance Agreement between the City and ALCHEMY TECHNOLOGIES, INC., a copy of which is attached hereto as Exhibit "A" and incorporated herein by this reference; and WHEREAS, pursuant the Constitution of the State of Colorado, and the Home Rule Charter and ordinances of 1:he 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 ALCHEMY TECHNOLOGIES, INC. (the "Agreement") is hereby approved in essentially the same form as the copy of such Agreement accompanying this Resolution. 2. 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 necessary or desirable for the protection of the City, so long as the essential terms and conditions of the Agreement are riot altered.