Resolution 2021-38 - Laserfiche WebLink

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COOPERATION AGREEMENT Funding to Enhance Downtown Patio Parklets This Agreement (this "Cooperation Agreement" or "Agreement") is made and entered into on June 1, 2021, by and between the CITY OF LOUISVILLE (the "City") and the LOUISVILLE REVITALIZATION COMMISSION (the "LRC"). The City and the LRC are sometimes referred to herein individually as a Party and collectively as the Parties. RECITALS A. 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 (the "Charter"). B. 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"). C. 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"). D. Due to pandemic budget constraints, there are not significant patio purchases planned for future years from the City's Capital Improvement Plan; so, at this time, there are no plans to purchase additional fixtures that would enable new participants in the program or allow existing participants to rent more patios. E. 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. F. City staff has received a quote for the purchase of eleven (11) canopy systems (giving the City 15 in total) and four (4) new patio parklets (giving the City 32 in total) (the "Project"). G. 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 2022. H. If and when the City resumes the Program in 2022, it is anticipated that patio parklets would again be rented to downtown businesses. 1