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Resolution 2014-17
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Resolution 2014-17
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Last modified
1/22/2024 3:34:18 PM
Creation date
3/19/2014 8:00:49 AM
Metadata
Fields
Template:
City Council Records
Also Known As (aka)
LRC Cooperation Agreement Amendment 1 for Hwy 42 Revitalization Area Gateway Project Funding
Doc Type
Resolution
Signed Date
3/18/2014
Ord/Res - Year
2014
Ord/Res - Number
17
Cross-Reference
Hwy 42 Revitalization Area
Original Hardcopy Storage
7D6
Record Series Code
45.160
Record Series Name
Resolutions
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RES 2014-17
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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-Party Agreement. <br /> H. The Parties intend that LRC financing assistance for the construction of the <br /> Project be limited to certain Property Tax TIF revenue available to the LRC after payment of any <br /> amounts required to be paid pursuant to the 2011 Cooperation Agreement and Tri-Party <br /> Agreement, and amounts the LRC may reasonably require for ongoing operating, administrative, <br /> consulting and other costs (LRC Operating Expenses). <br /> I. The Parties executed the Original Cooperation Agreement on November 5, 2012. <br /> AGREEMENT <br /> NOW THEREFORE, in consideration of the foregoing and the following terms and <br /> conditions, the Parties agree to amend the Cooperation Agreement as follows: <br /> 1. The Parties agree the date for termination described in Section 1 of the <br /> Cooperation Agreement is changed to November 1, 2014. <br /> IN WITNESS WHEREOF, the Parties have caused this First Amendment to the <br /> Cooperation Agreement to be duly executed and delivered by their respective officers as of the <br /> date first above written. <br /> THE CITY OF LOUISVILLE, <br /> P''cF !oU a Co erado municipal corporation <br /> • <br /> Attest: / <br /> n /* f Mayor <br /> 4.0 / 1' :' • ......••'' <br /> City Clerk '(-.. AO9s <br /> LOUISVILLE REVITALIZATION COMMISSION <br /> Attest: <br /> Chairman <br /> Secr- •. y <br /> 2 <br />
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