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Resolution 2020-07
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Resolution 2020-07
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Last modified
9/4/2024 11:51:59 AM
Creation date
1/8/2020 10:24:56 AM
Metadata
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Template:
City Council Records
Also Known As (aka)
BAP DUDA Inc
Doc Type
Resolution
Signed Date
1/7/2020
Ord/Res - Year
2020
Ord/Res - Number
07
Subdivision Name
DELO Replat 1
Parcel Identification Number
157508165004
Original Hardcopy Storage
9C5
Quality Check
1/9/2020
Record Series Code
45.160
Record Series Name
Resolutions
Document Relationships
Resolution 2020-16
(Cross-References)
Path:
\CITY COUNCIL RECORDS\RESOLUTIONS (45.160)\2020 Resolutions
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merged into and revoked by this Agreement with respect to its subject <br />matter. Contact information is as follows: <br />If to Company: <br />Duda, Inc. <br />Attn: Stephanie Hsiung, CFO <br />577 College Avenue <br />San Francisco, CA 94306 <br />415.359.7488 <br />stephanie.h@duda.co <br />If to City: <br />Louisville City Hall <br />Attn: Economic Vitality <br />749 Main Street <br />Louisville, CO 80027 <br />303.335.4531 <br />mpierce@louisvilleco.gov <br />8. Termination. This Agreement shall terminate and become void and of no <br />force or effect upon the City if, by August 31, 2020, the Company has not <br />completed the Project as described in the Company's application for <br />business assistance (as evidenced by a successful final inspection for the <br />Project); or should fail to comply with any City code. <br />9. Business Termination. In the event the Company ceases business <br />operations within the City within five (5) years after the Certificate of <br />Occupancy has been received for the Project, then in such event the <br />Company shall pay to the City the total amount of fees and use taxes which <br />were due and payable by the Company to the City but were rebated by the <br />City, as well as reimburse the City for any funds provided to the Company <br />pursuant to 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 />Agreement, the terms "bonded indebtedness," "bonds," and similar terms <br />describing the possible forms of indebtedness include all forms of <br />indebtedness that may be incurred by the City, including, but not limited to, <br />general obligation bonds, revenue bonds, revenue anticipation notes, tax <br />increment notes, tax increment bonds, and all other forms of contractual <br />Page 3 of 5 <br />
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