Resolution 2021-43 - Laserfiche WebLink

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respecting the LRC's financial assistance toward the Plan Area Project; and WHEREAS, the Cooperation Agreement provides that the LRC's financial assistance for the Plan Area Project will be limited to certain Property Tax TIF revenue available to the LRC after payment of (i) LRC operating, administrative, consulting, and other costs, and (ii) any prior financial obligations of the LRC, including but not limited to any (a) existing bonded indebtedness, and (b) amounts required to be paid out of the LRC's special fund under existing agreements to which the LRC is a parry. NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF COMMISSIONERS OF THE LOUISVILLE REVITALIZATION COMMISSION: Section 1. The proposed Cooperation Agreement (the "Agreement") between the City of Louisville and the Louisville Revitalization Commission ("LRC"), a copy of which is attached hereto and incorporated herein by this reference, is hereby approved. Section 2. The Chair is authorized to execute the Agreement on behalf of the LRC, and the Chair is hereby further authorized to negotiate and approve such revisions to said Agreement as the Chair determines are necessary or desirable for the protection of the LRC, so long as the essential terms and conditions of the Agreement are not altered. Section 3. The Chair, Secretary, and the officers and employees of the LRC are further authorized to do all things necessary on behalf of the LRC to perform the obligations of the LRC under the Agreement, and are further authorized to execute and deliver any and all documents necessary to accomplish the terms, conditions and provisions of the Agreement. ADOPTED this 14"' day of July, 2021. ATTEST: -, �/�, � � � Z. - Alex Gors ski, Secretary 2 Alexis Adler, Chair