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Resolution 2019-08
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Resolution 2019-08
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Last modified
5/7/2024 3:11:34 PM
Creation date
3/20/2019 3:16:18 PM
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City Council Records
Also Known As (aka)
BAP Quicksilver Scientific Inc
Doc Type
Resolution
Ord/Res - Year
2019
Ord/Res - Number
08
Original Hardcopy Storage
9C5
Record Series Code
45.160
Record Series Name
Resolutions
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RES 2019-08
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7 Entire Agreement. This instrument shall constitute the entire agreement <br />between the City and Company and supersedes any prior agreements <br />between the parties and their agents or representatives, all of which are <br />merged into and revoked by this Agreement with respect to its subject <br />Matter Contact information is as follows: <br />If to Company <br />Quicksilver Scientific, Inc. <br />Attn: Jason Dyer <br />1376 Miners Dr Ste. 103 <br />Lafayette, CO 80026 <br />(303) 531.0861 <br />jason.dver(auicksilverscientific.com <br />If to City <br />Louisville City Hall <br />Attn: Economic Development <br />749 Main Street <br />Louisville, CO 80027 <br />303.335.4531 <br />aarond©iouisvilleco.gdv <br />8. Termination. This Agreement shall terminate and become void and of no <br />force or effect upon the City if, by March 31 2020, Company has not <br />completed the tenant improvements at the Project as described in <br />Company's application for business assistance (as evidenced by a <br />successful final inspection for the Project); or should fail to comply with <br />any City code. <br />9. Business Termination. In the event Company ceases business operations <br />(other than by reason of a sale of Company's business, casualty <br />Condemnation, remodeling or force majeure)within the City within five (5) <br />years after completion of the tenant improvements at the Project, then in <br />such event Company shall pay to the City the total amount of fees and use <br />takes which were due and payable by Company to the City but were <br />rebated by the City pursuant to Section 3, as well as reimburse the City for <br />any funds provided to Company pursuant to Section 3 of this Agreement. <br />10.Subordination. The City's obligations pursuant to this Agreement are <br />subordinate to the City's obligations for the repayment of any current or <br />future bonded indebtedness and are contingent upon the existence of a <br />surplus in sales and use tax revenues in excess of the sales and use tax <br />revenues necessary to meet such existing or future bond indebtedness. <br />The City shall meet its obligations under this Agreement only after the City <br />has satisfied all other obligations with respect to the use of sales and use <br />tax revenues for bond repayment purposes. For the purposes of this <br />Page 3 of 5 <br />
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