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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. 3, Series <br />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 />Robert P. Muckle, Mayor <br />Resolution No. 31, Series 2014 <br />Page 1 of 2 <br />