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RESOLUTION NO. 68 <br />SERIES 2021 <br />A RESOLUTION APPROVING THE ASSIGNMENT OF THE BUSINESS <br />ASSISTANCE AGREEMENT WITH C2X GROUP LLC TO TGR GROUP LLC <br />WHEREAS, the successful attraction and retention of quality development to the <br />City of Louisville provides employment opportunities and increased revenue for citizen <br />services and is therefore an important public purpose; and <br />WHEREAS, it is important for the City of Louisville to create and retain high - <br />quality jobs and remain competitive with other local governments in creating assistance for <br />occupancy of commercial space in the City; and <br />WHEREAS, by Resolution No. 44, Series 2021, the City Council approved that <br />certain Business Assistance Agreement between the City and C2X Group LLC ("C2X"), <br />dated as of July 13, 2021 (the "Agreement"); and <br />WHEREAS, C2X has determined an alternative business entity will be used to <br />operate the planned business and has requested the City consent to an assignment of the <br />Agreement to TGR Group LLC ("TGR"), by way of the Assignment and Assumption <br />Agreement attached hereto as Exhibit A ("Assignment Agreement"); and <br />WHEREAS, the City is willing to approve the assignment of the Agreement from <br />C2X to TGR on the condition that the assignment shall not have the effect of releasing <br />C2X from any liabilities accruing prior to the assignment; and <br />WHEREAS, the City Council finds that the proposed Assignment Agreement is <br />consistent with and in furtherance of the business assistance policies of the City, and desires <br />to approve the Assignment Agreement and authorize the Mayor to sign it to indicate the <br />City Council's approval of and consent to the assignment. <br />NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE <br />CITY OF LOUISVILLE, COLORADO THAT: <br />1. The City Council hereby approves and consents to the assignment of that that <br />certain Business Assistance Agreement between the City of Louisville and C2X Group <br />LLC ("C2X"), dated July 13, 2021, from C2X Group LLC to TGR Group LLC. <br />2. The Assignment and Assumption Agreement between C2X Group LLC and <br />TGR Group LLC (the "Assignment Agreement") is hereby approved in essentially the same <br />form as the copy accompanying this Resolution. <br />3. The Mayor is hereby authorized to sign the Assignment Agreement to indicate <br />the City Council's approval of and consent to the assignment contemplated hereunder. <br />Resolution No. 68, Series 2021 <br />Page 1 of 3 <br />