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PRESERVATION AND RESTORATION GRANT PROGRAM AGREEMENT 1145 Main Street, Louisville, Colorado THIS PRESERVATION AND RESTORATION GRANT PROGRAM AGREEMENT (hereinafter "Agreement") is made and entered effective as of the 30th day of October, 2015, by and between the City of Louisville, a Colorado home rule municipal corporation (hereinafter "City") and David and Sara Aglietti (hereinafter "Property Owner"). WITNESSETH: WHEREAS, the City has made certain proceeds of the Historic Preservation Fund available to help property owners rehabilitate and preserve those resources which contribute to the character of historic Old Town Louisville; and WHEREAS, the Property Owner is the owner in fee simple of certain real property (the "Property") and the improvements thereon, including the single-family dwelling sometimes referred to as the Caranci House (the "Caranci House" or "Structure") located at 1145 Main Street, Louisvillet Colorado; and WHEREAS, on December 6, 2011, the City Council adopted Resolution No. 83, Series 2011, designating the Structure as an historic landmark pursuant to Chapter 15.36 of the Louisville Municipal Code; and WHEREAS, the Property owner submitted an application to the City for approval of a Preservation and Restoration Grant for funding of exterior architectural and structural improvements to the Structure; and WHEREAS, on August 18, 2015, the City Council adopted Resolution No. 56, Series 2015, entitled A Resolution Approving a Preservation and Restoration Grant for the Caranci House located at 1145 Main Street (the "Resolution"); and WHEREAS, the Resolution approved a grant in the amount of up to S10,134 to restore and preserve portions of the Structure as set forth in the attached Exhibit A; and WHEREAS, the City and Property Owner desire to enter into this Agreement to define the roles and responsibilities of each of the parties regarding the grant; NOW THEREFORE, in consideration of the mutual promises and covenants contained herein, the parties hereto agree as follows: 1. AMOUNT OF GRANT/ MATCH REOU1REMENT/USE OF GRANT FUNDS: Pursuant to the disbursement schedule set forth in section 2 of this Agreement, the City agrees to reimburse the Property Owner in compliance with this Agreement in an amount of up to S10,134 (the "Grant") for the actual costs incurred by the Property Owner for the work set 1