Resolution 2021-63 - Laserfiche WebLink

Home Browse Search

FIRST AMENDMENT TO BUSINESS ASSISTANCE AGREEMENT FOR EARTHHERO LLC IN THE CITY OF LOUISVILLE THIS FIRST AMENDMENT TO BUSINESS ASSISTANCE AGREEMENT ("First Amendment") is made and entered into as of the 21 st day of September , 2021, between the CITY OF LOUISVILLE, a Colorado home rule municipal corporation (the "City"), and EARTHHERO LLC (the "Company"), a Colorado limited liability company. WHEREAS, by Resolution No. 19, Series 2021, the City Council approved a Business Assistance Agreement for EarthHero LLC (the "Original Agreement") to provide certain business assistance in connection with the Company's desire to relocate to a new space in the Colorado Technology Center (the "Project") at 740 S. Pierce Avenue, Suite 5, Louisville, Colorado (the "Project Location"); and WHEREAS, the Company will occupy 15,302 square feet of vacant commercial space at 740 S. Pierce Avenue, Suite 5 (the "Project Location") because it has outgrown its current location in Boulder; and WHEREAS, the Company will create new employment opportunities in a sustainability related industry as well as create new sales tax revenue for the City; and WHEREAS, the Company's planned lease signing and opening schedule has been delayed and the Company is currently in the process of obtaining required permits. The Company now anticipates completing their project by the end of 2022 instead of no later than September 30, 2021; and WHEREAS, the City Council finds the execution of this First Amendment to extend the completion date and the period for permit fee and use tax rebates will serve to provide benefit and advance the public interest and welfare of the City and its citizens by securing this economic development project within the City. NOW THEREFORE, in consideration of the mutual promises set forth below, the City and Company agree as follows: Section 1. Section 1 of the Agreement is hereby revised to read as follows (words to be deleted stricken; words to be added underlined): 1. Building Permit Fee Rebates. The City shall rebate to the Company 50% of the building permit related fees for the Project, required under Louisville Municipal Code, section 15.04.050 and section 108.2 of the International Building Code as adopted by the City, for the period from execution of this Agreement and ending September 30,2021, March 31, 2022. Page 1 of 2