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BUSINESS ASSISTANCE AGREEMENT FOR THE ATMOSPHERIC & SPACE <br />TECHNOLOGY RESEARCH ASSOCIATES, LLC IN THE CITY OF <br />LOUISVILLE <br />IA THIS AGREEMT ("Agreement") is made and entered into as of the <br />J day of ycr-c , 2018, between the CITY OF <br />LOUISVILLE, a Colorado home rule municipal corporation (the "City"), and <br />ATMOSPHERIC & SPACE TECHNOLOGY RESEARCH ASSOCIATES, LLC. (the <br />"Company"), a Texas limited liability company. <br />WHEREAS, the City wishes to provide certain business assistance in <br />connection with tenant improvements associated with Company's headquarters <br />location for .the Company's operations (the "Project") at 282 Century Place, <br />Louisville, Colorado (the `Project Location"); and <br />WHEREAS, Company intends to relocate their headquarters and make <br />tenant improvements within an existing building at the Project Location for their <br />expanded operations; and <br />WHEREAS, Company plans for the Project to generate new quality jobs <br />within the City; and <br />WHEREAS, City Council finds the execution of this Agreement will serve to <br />provide benefit and advance the public interest and welfare of the City and its <br />citizens by securing this economic development project within the City. <br />NOW THEREFORE, in consideration of the mutual promises set forth <br />below, the City and Company agree as follows: <br />1. Building Permit Fee Rebates. The City shall rebate to Company 50% of the <br />building related permit fees for the Project, required under Louisville <br />Municipal Code, section 15.04.050 and section 108.2 of the International <br />Building Code as adopted by the City for the Project, for the period from <br />execution of this Agreement and ending December 31, 2019. <br />2. Use Tax Rebate -Construction. The City shall rebate to Company 50% of <br />the Construction Use Tax on the building materials for the Project, required <br />under Louisville Municipal Code, section 3.20.300, excluding all revenues. <br />from the open space tax, historic preservation tax and recreation center tax <br />for the Project, for the period from execution of this Agreement and ending <br />December 31, 2019. <br />3. Pavment of Rebates; Cap; Inspection. The maximum amount of the rebates <br />payable pursuant to Sections 1 and 2 above shall in no event exceed the <br />calculation of 50% of the fees or taxes described in Sections 1 and 2 paid <br />to the City, and a not to exceed cap of twenty thousand dollars ($20,000). <br />Page 1 of 5 <br />