Resolution 2021-18 - Laserfiche WebLink

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6. Entire Agreement; Notices. This instrument shall constitute the entire agreement between the City and the Company and supersedes any prior agreements between the parties and their agents or representatives, all of which are merged into and revoked by this Agreement with respect to its subject matter. Contact information is as follows: If to Company: South Street Market LLC Attn: Barbie Iglesias, President 824 South Street Louisville, CO 80027 720-891-1580 barbie@southstmarket.com If to City: Louisville City Hall Attn: Economic Vitality 749 Main Street Louisville, CO 80027 303.335.4531 mpierce@louisvilleco.gov 7. Termination. This Agreement shall terminate and become void and of no force or effect upon the City if, by August 31, 2021, the Company has not completed the Project as described in the Company's application for business assistance (as evidenced by a successful final inspection for the Project); or should fail to comply with any City code. 8. Business Termination. In the event the Company, and/or its successors and assigns, ceases business operations in the City within five (5) years after the Commencement Date, then in such event the Company shall pay to the City a portion of the total amount of Sales Taxes which were due and payable by the Company to the City but were rebated by the City. For each full year that the Company, and/or its successors and assigns, cease operations at the Project Location, the City shall receive back 10% of the foregoing amounts. 9. Subordination. The City's obligations pursuant to this Agreement are subordinate to the City's obligations for the repayment of any current or future bonded indebtedness and are contingent upon the existence of a surplus in sales and use tax revenues in excess of the sales and use tax revenues necessary to meet such existing or future bond indebtedness. The City shall meet its obligations under this Agreement only after the City has satisfied all other obligations with respect to the use of sales tax revenues for bond repayment purposes. For the purposes of this Agreement, the terms "bonded indebtedness," "bonds," and similar terms describing the possible forms of indebtedness include all forms of Page 3 of 5