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RESOLUTION NO. 58 SERIES 2015 A RESOLUTION APPROVING THE 550 SOUTH MCCASLIN URBAN RENEWAL PLAN, DESIGNATING SUCH AREA AS APPROPRIATE FOR URBAN RENEWAL PROJECTS PURSUANT TO THE 550 SOUTH MCCASLIN URBAN RENEWAL PLAN, AND FINDING THAT THE ACQUISITION, CLEARANCE, REHABILITATION, CONSERVATION, DEVELOPMENT, REDEVELOPMENT OR A COMBINATION THEREOF OF SUCH AREA IS NECESSARY IN THE INTEREST OF THE PUBLIC HEALTH, SAFETY, MORALS, AND WELFARE OF THE CITIZENS OF THE CITY OF LOUISVILLE WHEREAS, the Louisville Revitalization Commission (the "LRC ") is a public body corporate and politic, and has been duly created, organized, established and authorized by the City of Louisville, Colorado (the "City ") to transact business and exercise its powers as an urban renewal authority, all under and pursuant to the Colorado Urban Renewal Law, constituting part 1 of article 25 of title 31, Colorado Revised Statutes, as amended (the "Law "); and WHEREAS, the City of Louisville (the "City ") previously contracted with Urban Revitalization Consulting to survey and document whether conditions that constitute a blighted area, as defined in the Law, exist in the City of Louisville; and WHEREAS, said consultants prepared a Conditions Survey, entitled 550 South McCaslin Boulevard Conditions Survey (the "Conditions Survey ") dated July 2014 consisting of 31 pages, a map of the area provided on page 15, and including a description of existing conditions and photographs; and WHEREAS, the City Council on October 7, 2014 held a public hearing for the purpose of review and consideration of the Conditions Survey, at which time the Conditions Survey and other evidence and testimony were presented to City Council; and WHEREAS, upon consideration of the Conditions Survey and the other evidence and testimony presented to City Council, the City Council on October 7, 2014 adopted its Resolution No. 60, Series 2014 finding that the following area qualifies as a blighted area as defined in the Law: Lot 2, Centennial Valley Parcel 0, Filing No. 7, County of Boulder, State of Colorado, with an address of 550 South McCaslin Boulevard, Louisville, Colorado; and WHEREAS, by its Resolution No. 60, Series 2015, the City Council found such described area to be a blighted area as defined in the Law and appropriate for inclusion in an urban renewal project pursuant to the Law; and WHEREAS, there has been prepared for such area a proposed 550 South McCaslin Urban Renewal Plan; and WHEREAS, a legal description of the 550 South McCaslin Urban Renewal Plan Area which is subject to the 550 South McCaslin Urban Renewal Plan is attached as Exhibit A to this Resolution and as Exhibit A to the proposed 550 South McCaslin Urban Renewal Plan; and Resolution No. 58, Series 2015 Page 1 of 5