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lID I IV UIU IDI IfflI Il 11111 II I M111111111 DI IHffl 03466380 0811112015 01 27 PM RF $0 00 DF $0 00 Boulder County Clerk,CO ANNEXATION AGREEMENT THIS ANNEXATION AGREEMENT ("Agreement") is made and entered into this 21st day of April, 2015 ("Effective Date"), by and between BOULDER COUNTY HOUSING AUTHORITY, a Colorado county housmg authority, heremafter referred to as "BCHA" or the "Owner," and the CITY OF LOUISVILLE, a municipal corporation of the State of Colorado, hereinafter referred to as "Louisville" or "the City." The City and Owner shall be referred to herem collectively as the"Parties." Recitals A. Owner desires to annex to Louisville the 13.404-acre parcel of property more particularly described on Exhibit A, attached hereto and incorporated herein by this reference ("the Property"). B. Owner executed a petition to annex the Property ("Annexation Petition"), which petition is on file with the City Clerk. C. The Annexation Petition is signed by 100% of the owners of the Property excluding public streets and,alleys. D. Annexation of the Property to Louisville is consistent with the Intergovernmental Agreement effective July 9, 1996 among the City, the City of Lafayette, and Boulder County concerning the Lafayette/Louisville Buffer Comprehensive Development Plan, as amended (the "CDP IGA"), which designates the Property as within the Louisville Influence Area,as that term is defined therein. E. Annexation of the Property to Louisville is consistent with the Intergovernmental Agreement effective August 28,2012 among the City,the Louisville Housing Authonty, BCHA, and Boulder County concerning Affordable Housing within the City of Louisville-("Affordable Housing IGA"), which requires that BCHA increase the number of affordable housing umts it owns, controls, or manages within the City within five years of the effective date of the Affordable Housmg IGA. F. It is to'the mutual benefit of the Parties to enter into this Agreement G. Owner acknowledges that, upon annexation, the Property will be subject to all ordinances, resolutions, and other regulations of the City, as they may be amended from time to time. NOW, THEREFORE, IN CONSIDERATION OF THE ABOVE PREMISES AND THE COVENANTS AS HEREINAFTER SET FORTH, IT IS AGREED BY AND BETWEEN THE PARTIES AS FOLLOWS: 1. Incorporation of R ecitals. The parties confirm and mcorporate the foregomg recitals into this Agreement. BOULDER COUNTY HOUSING EXEMPT NO RECORDING FEES AS PER STATUTE • CRS SECTION 29-4-227 1 'gob 12J