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1. The foregoing recitals are incorporated herein and made a part of this <br />Resolution. <br />2. The proposed Financial Assistance Agreement for Boulder County Housing <br />Authority for an Affordable Housing Project in the City of Louisville, between the <br />City of Louisville and Boulder County Housing Authority (the `- "Agreement ") is <br />hereby approved in essentially the same form as the copy of such Agreement <br />accompanying this Resolution. <br />3. The Mayor is hereby authorized to execute the Agreement on behalf of the <br />City Council of the City of Louisville, except that the Mayor is hereby granted the <br />authority to negotiate and approve such revisions to said Agreement as the Mayor <br />determines are necessary or desirable for the protection of the City, so long as the <br />essential terins and conditions of the Agreement are not altered. <br />4. City staff is hereby authorized to do all things necessary on behalf of the City <br />to perform the obligations of the City under the Agreement, subject to the terns and <br />conditions of the. Agreement. <br />5. Nothing in this Resolution or the Agreement shall be deemed or construed as <br />creating a multiple fiscal year obligation on the part of the City within the meaning <br />of Colorado Constitution Article X, Section 20 or any other constitutional or <br />statutory provision. The City's obligations under the Agreement are expressly <br />conditional upon annual appropriation by the City Council, in its sole discretion, and <br />adoption of such related budgetary measures as are required by law. <br />SSED AND ADOPTED this %- day of L , 2015. <br />Robert P. Muckle, M. yot <br />Resolution No. 17, Series 2015 <br />Page2of3 <br />