Revitalization Commission Agenda and Packet 2013 07 08

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2 G. The LRC previously entered into that certain Amended and Restated Cooperation Agreement dated April 5, 2011 (the “2011 Cooperation Agreement”), which provides that the LRC shall repay to the City Costs and Expenses incurred by the City for the provision of Operating Funds and Support Services for the LRC, as further defined and set forth in the 2011 Cooperation Agreement. H. The LRC also previously entered into that certain Tri-Party Agreement with the County of Boulder dated December 5, 2006 (the “Tri-Party Agreement”) which provides that commencing on January 1, 2015, there shall be paid to the County certain County TIF Revenues, as further defined and set forth in the Tri-Party Agreement. I. The LRC also previously entered into that certain Cooperation Agreement with the City dated November 5, 2012 (the “South Street Gateway Agreement”) which provides that commencing in budget year 2015, the LRC shall pay to the City of Louisville certain Property Tax TIF Revenues, as further defined and set forth in the South Street Gateway Agreement. J. The LRC also previously executed that certain Term Sheet for the Core Area Infrastructure Project dated May 13, 2013 (the “Core Area Term Sheet”), which provides for the potential future issuance of LRC bonds payable from Property Tax TIF revenues from the Highway 42 Core Project Area as further defined and set forth in the Core Area Term Sheet. K. The LRC intends that LRC financing assistance for the construction of the Project Improvements be limited to certain Property Tax TIF revenue received by the LRC from the Property (and no other properties in the Plan Area) and available to the LRC after payment of any amounts required to be paid pursuant to the 2011 Cooperation Agreement, the Tri-Party Agreement, the South Street Gateway Agreement, and amounts the LRC may reasonably require for ongoing operating, administrative, consulting and other costs (the “LRC Operating Expenses”), and subordinate to bonds issued pursuant to the Core A rea Term Sheet, all in accordance with the terms and conditions set forth herein. L. The LRC is authorized to enter into this Rebate Agreement pursuant to the Act, including without limitation C.R.S. Section 31-25-105(1)(b), which authorizes an urban renewal authority to enter into agreements to carry out the purposes of the Act. AGREEMENT NOW THEREFORE, in consideration of the foregoing and the following terms and conditions, the Parties agree as follows: