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RESOLUTION NO. 31 <br /> SERIES 2014 <br /> A RESOLUTION APPROVING A SECOND AMENDMENT TO THE PURCHASE AND <br /> SALE AGREEMENT BETWEEN THE CITY OF LOUISVILLE AND LOUISVILLE MILL <br /> SITE,LLC. <br /> WHEREAS, the City of Louisville ("City") is the owner of that certain real property <br /> totaling 1.069 acres, more or less, commonly referred to as the downtown Louisville Grain Elevator <br /> site located at 540 and 544 Front Street, which property is legally described on Exhibit A attached <br /> hereto and incorporated herein by reference (the "Property"); and <br /> WHEREAS,the historic Louisville Grain Elevator on the Property is a significant historic <br /> structure in the community which helps tell the story of the area's agricultural history; and <br /> WHEREAS, the preservation, restoration and rehabilitation of the historic Louisville Grain <br /> Elevator is a project worthy of funding from the City's Historic Preservation Fund (HFP); and <br /> WHEREAS, A Purchase and Sale Agreement ("Agreement") between the City and <br /> Louisville Mill Site, LLC, ("LMS") was approved on August 20, 2013 by Resolution No. 44, <br /> Series 2013; and <br /> WHEREAS, a First Amendment to the Agreement was executed on November 1, 2013; and <br /> WHEREAS, City Council by this Resolution desires to approve a Second Amendment to <br /> the Purchase and Sale Agreement and authorize its execution; <br /> NOW,THEREFORE,BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY <br /> OF LOUISVILLE, COLORADO: <br /> Section 1.The proposed second amendment to the Purchase and Sale Agreement <br /> ("Agreement") between City of Louisville and Louisville Mill Site, LLC is hereby approved in <br /> essentially the same form as the copy of such Agreement accompanying this Resolution. <br /> Section 2.The Mayor and City Manager, or either of them, is authorized to execute the <br /> second amendment, except that the Mayor and City Manager are hereby granted the authority to <br /> negotiate and approve such revisions to said Contract as they determine are necessary or desirable <br /> for the protection of the City, so long as the essential terms and conditions of the Agreement are not <br /> altered. <br /> Section 3. The City Council hereby further approves of, ratifies and confirms all <br /> actions heretofore taken in connection with sale of the Property in accordance with the Agreement. <br /> PASSED AND ADOPTED this day of , 2014. <br /> Rosert P. Muckle, Mayor <br /> Resolution No.31,Series 2014 <br /> Page 1 of 2 <br />