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RESOLUTION NO. 38 SERIES 2021 A RESOLUTION APPROVING A COOPERATION AGREEMENT BETWEEN THE CITY OF LOUISVILLE AND THE LOUISVILLE REVITALIZATION COMMISSION REGARDING FUNDING TO ENHANCE THE DOWNTOWN PATIO PARKLET PROGRAM WHEREAS, the City of Louisville (the "City") is a home -rule city and municipal corporation duly organized and existing under and pursuant to Article XX of the Colorado Constitution and Charter of the City; and WHEREAS, the Louisville Revitalization Commission (the "LRC") is a public body corporate and politic authorized to transact business and exercise its powers as an urban renewal authority under and pursuant to the Colorado Urban Renewal Law, Part 1 of Article 25 of Title 31, C.R.S. (the "Act"); and WHEREAS, the Act and Section 18, Article XIV of the Colorado Constitution authorize the City and the LRC to enter into cooperation agreements, and the Act specifically authorizes the City and the LRC to enter into agreements respecting action to be taken pursuant to any of the powers set forth in the Act; and WHEREAS, the City has an established history of providing outdoor dining programs in downtown Louisville, including an outdoor patio program wherein the City rents businesses City - owned patio parklets within City right-of-way adjacent to the businesses (the "Program"); and WHEREAS, due to pandemic budget constraints, there are not budgeted patio purchases in the City's Capital Improvement Plan that would accommodate new participants desiring to provide outdoor dining options to customers; and WHEREAS, based on increase demand for outdoor dining options, and the expectation that the demand for outdoor dining will continue to increase in future seasons, the LRC has expressed interest in enhancing the Program by increasing the number of downtown patio parklets and canopy systems available to downtown businesses by providing some level of financial assistance for their purchase (the "Project"); and WHEREAS, with City Council's approval of a temporary closure of Main Street for expanded dining from April 26 through November 1, 2021, the City's purchase of additional patio parklets and canopy systems is not expected to occur until late 2021; and WHEREAS, if and when the City resumes the Program in 2022, it is anticipated that patio parklets would again be rented to downtown businesses; and WHEREAS, the Project is located within the area (the "Plan Area") described in the Highway 42 Revitalization Area Urban Renewal Plan (the "Plan"); and WHEREAS, the Plan provides for financing the activities and undertakings of the LRC by Resolution No. 38, Series 2021 Page 1 of 2