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AGREEMENT REGARDING PROPERTY TAX TIF REVENUE SHARING Highway 42 Revitalization Area This Agreement regarding Property Tax TIF Revenue Sharing (the "Agreement") is made as of May 19 , 2020 by and among the LOUISVILLE REVITALIZATION COMMISSION, a body corporate and politic of the State of Colorado (the "Commission"), the CITY OF LOUISVILLE, a Colorado municipal corporation (the "City"), and the LOUISVILLE FIRE PROTECTION DISTRICT, a fire protection district organized pursuant to Title 32 of the Colorado Revised Statutes (the "District"), collectively, the "Parties" and individually a "Party." RECITALS A. Pursuant to the Colorado Urban Renewal Law, Section 31-25-101, et seq., C.R.S. (the "Act"), the City Council of the City passed and adopted Resolution No. 37 approving the Highway 42 Revitalization Area Urban Renewal Plan (the "Plan") to carry out the urban renewal project (the "Urban Renewal Project") described in the Plan for the area described therein (the "Urban Renewal Area"). B. The Act provides, and the Plan contains, a provision authorizing the financing of the Urban Renewal Project through, among other methods, the use of property tax increments as authorized by the Act ("Property Tax TIF"). C. The City and the Commission previously entered into a Tri-Party Agreement with the County of Boulder, dated December 5, 2006 (the "Tri-Party Agreement") which provides that commencing on January 1, 2015, there shall be paid to the County certain County TIF revenues, as further defined and set forth in the Tri-Party Agreement. D. The City and the Commission previously entered into an Amended and Restated Cooperation Agreement dated April 5, 2011 (the "2011 Cooperation Agreement") which provides that the Commission shall repay to the City certain City Costs and Expenses incurred by the City for the provision of Operating Funds and Support Services for the Commission, as further defined and set forth in the 2011 Cooperation Agreement. E. The City and the Commission previously entered into a Cooperation Agreement (Highway 42 Revitalization Area South Street Gateway Project Funding), dated November 5, 2012 (the "2012 Cooperation Agreement") relating to financial assistance for the construction of the South Street Gateway to be located at the crossing of South Street under the Burlington Northern Railroad right-of-way, as further set forth in the 2012 Cooperation Agreement. F. The Commission issued its Property Tax Increment Revenue Bonds (DELO Project), Series 2014 on October 23, 2014, in the principal amount of $4,500,000 (the "2014 Bonds") and pledged the Property Tax TIF revenue from the Core Project Area (as defined in the