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ri <br /> AMENDED AND RESTATED COOPERATION AGREEMENT <br /> This Amended and Restated Cooperation Agreement(the Cooperation Agreement) is <br /> made as of Ak3Y• 1 , 2015,by and between the CITY OF LOUISVILLE, COLORADO (the <br /> City) and the LOUISVILLE REVITALIZATION COMMISSION (the LRC) The City and the <br /> LRC are sometimes referred to herein individually as a Party and collectively as the Parties. <br /> RECITALS <br /> A. The City is a home-rule city and municipal corporation duly organized and <br /> existing under and pursuant to Article XX of the Colorado Constitution and Charter of the City <br /> (the Charter). <br /> B. The LRC is a public body corporate and politic authorized to transact business and <br /> exercise its powers as an urban renewal authority under and pursuant to the Colorado Urban <br /> Renewal Law, Part 1 of Article 25 of Title 31, C R.S. (the Act). <br /> C. The Act and Section 18, Article XIV of the Colorado Constitution authorize the <br /> Parties to enter into cooperation agreements, and the Parties desire to enter into this Cooperation <br /> Agreement respecting operating funds, support services, and general oversight of the LRC to be <br /> provided by the City to the LRC and related matters. <br /> AGREEMENT <br /> NOW THEREFORE, in consideration of the foregoing and the following terms and <br /> conditions, the Parties agree as follows. <br /> 1. Advance of Operating Funds by the City. The City may annually advance to the <br /> LRC an amount of operating funds (Operating Funds)to be determined by appropriation by the <br /> City Council of the City. Operating Funds shall be used by the LRC for operating, <br /> administrative, consulting and other costs incurred by the LRC in accordance with the Act, <br /> including, without limitation, the costs and expenses of Support Services described in Section 2, <br /> below. Operating Funds shall be paid directly to the LRC to be used in accordance with the Act, <br /> this Cooperation Agreement and the City-approved LRC budget. <br /> 2. Support Services. The City agrees to provide administrative and legal support <br /> services (Support Services) to the LRC in connection with its operations. The City Manager <br /> shall serve as Director of the LRC as provided in the Act and shall have discretion to employ <br /> those City staff members as may be required to carry out the duties and operations of the LRC. <br /> Support Services may include, without limitation, planning, financing and accounting, <br /> engineering, legal, and administrative and outside consulting services. <br /> 1 <br />