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Resolution No. ___, Series 2013 <br />Page 1 of 3 <br /> <br />RESOLUTION NO._____ <br />SERIES 2013 <br /> <br />A RESOLUTION APPROVING A PURCHASE AND SALE AGREEMENT <br />BETWEEN THE CITY OF LOUISVILLE AND LOUISVILLE MILL SITE, LLC, <br />FOR THE SALE OF THE LOUISVILLE GRAIN ELEVATOR PROPERTY <br />LOCATED AT 540 AND 544 FRONT STREET <br /> <br />WHEREAS, the City of Louisville (“City”) is the owner of that certain real <br />property totaling 1.069 acres, more or less, commonly referred to as the downtown <br />Louisville Grain Elevator site located at 540 and 544 Front Street, which property is <br />legally described on Exhibit A attached hereto and incorporated herein by reference (the <br />“Property”); and <br /> <br />WHEREAS, the historic Louisville Grain Elevator on the Property is a <br />significant historic structure in the community which helps tell the story of the area’s <br />agricultural history; and <br /> <br />WHEREAS, the preservation, restoration and rehabilitation of the historic <br />Louisville Grain Elevator is a project worthy of funding from the City’s Historic <br />Preservation Fund (HFP); and <br /> <br />WHEREAS, there has been proposed a Purchase and Sale Agreement <br />(“Agreement”) between the City and Louisville Mill Site, LLC, (“LMS”) for the City to <br />sell and LMS to buy the Property pursuant to the terms and conditions set forth in said <br />Agreement; and <br /> <br />WHEREAS, the City Council is willing to sell the Property upon the terms and <br />conditions of the Agreement and finds that such Agreement will further the City’s <br />interest in preservation, stabilization, restoration and rehabilitation of the historic <br />Louisville Grain Elevator; and <br /> <br />WHEREAS, City Council by this Resolution desires to approve the Purchase and <br />Sale Agreement and authorize its execution; <br /> <br />NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF <br />THE CITY OF LOUISVILLE, COLORADO: <br /> <br />Section 1. The proposed Purchase and Sale Agreement (“Agreement”) <br />between City of Louisville and Louisville Mill Site, LLC, for the sale of the Property as <br />described in the Agreement and in Exhibit A attached hereto, is hereby approved in <br />essentially the same form as the copy of such Agreement accompanying this Resolution. <br /> <br />Section 2. The Mayor and City Manager, or either of them, is authorized to <br />execute the Agreement, except that the Mayor and City Manager are hereby granted the <br />authority to negotiate and approve such revisions to said Contract as they determine are