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INTERGOVERNMENTAL AGREEMENT <br />THIS INTERGOVERNMENTAL AGREEMENT ("Agreement"), is made and entered <br />into this day of 2009, by and between the TOWN OF SUPERIOR, <br />COLORADO, a Colorado municipal corporation ("Superior") and the CITY OF LOUISVILLE, <br />COLORADO ("Louisville',), a Colorado municipal corporation (collectively the "Parties"). <br />WHEREAS, C.R.S. § 29-1-201, et seq., clearly articulates and affirmatively expresses a <br />policy authorizing and encouraging political subdivisions of the state to cooperate and contract to <br />make the most efficient and effective use of their respective powers; and <br />WHEREAS, Louisville currently maintains library facilities and provides library <br />services, and such services are used by some residents of Superior; and <br />WHEREAS, the Parties seek agreement on contributions to Louisville for the operating <br />costs for library facilities and services, and resolution of issues concerning long-term access to <br />library services for residents of Superior. <br />NOW, THEREFORE, in consideration of the mutual covenants herein contained and <br />other good and valuable consideration, the sufficiency and receipt of which is hereby <br />acknowledged, the Parties hereby agree as follows: <br />1. Superior's Duties: In order to maintain continued access for residents of Superior to the full <br />range of services available through the Louisville Library or to establish its own municipal <br />library, Superior agrees to the following: <br />a. Monetary Contributions: Superior contributed $103,657.53 ($115,000 prorated for <br />329 days of service) to Louisville on February 17, 2009. Subject to the appropriation <br />of funds by the Superior Board of Trustees for 2010, Superior shall contribute an <br />additional $125,000 to Louisville on or before January 31, 2010. <br />b. Ballot Measure to Fund Library Services Provided Through Louisville: Superior shall at <br />its April, 2010 election submit to the registered electors of Superior a ballot issue <br />asking whether Town of Superior taxes shall establish a tax levy of 1.5 mills <br />dedicated for library services. <br />c. Ballot Measure to Create a Municipal Library in Superior: In the alternative to 1(b), <br />above, Superior shall at its April, 2010 election, submit to the registered electors of <br />Superior a ballot issue asking whether Town of Superior taxes shall be increased by <br />an amount and for a term determined by Superior to provide sufficient funding for the <br />creation, operation and maintenance of a municipal library in Superior. <br />d. Transmittal of Ongoing Funding: In the event the ballot issue specified in paragraph <br />1(b) above is approved by the electors of Superior, Superior shall transmit to <br />Louisville no later than January 31, 2011, and annually thereafter, until such time as <br />either party renegotiates or terminates this agreement, an amount equivalent to the <br />proceeds of a 1.5 mill levy imposed on the total assessed valuation of Superior as <br />