Resolution 2022-01 - Laserfiche WebLink

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COOPERATION AGREEMENT LRC Facade Improvement Program This Cooperation Agreement is made as of January 4 , 20 22, by and between the CITY OF LOUISVILLE, COLORADO (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 l of Article 25 of Title 31, C.R.S. (the "Act"). C. The LRC has developed a Fagade Improvement Program to incentivize private property investment resulting in improved aesthetics within the Highway 42 Revitalization Area (the "Plan Area"), with the goal of attracting more customers to Downtown Louisville in furtherance of the local economy (the "Program")- and D. Under the Program, eligible applicants may apply to the LRC for a grant to offset a certain percentage of eligible improvement costs as established by the LRC. E. Applications will first be reviewed by the Economic Vitality Department for completeness and scope of work, and then by the LRC for a determination of approval or denial. F. Applications may be referred to appropriate City departments, the Historic Preservation Commission, and the City Council, when required pursuant to the Louisville Municipal Code (the "Code"). G. The LRC has budgeted $250,000 for the Program in 2022, and will adjust the Program budget in future years as may be necessary or appropriate for the Program's success, subject to City Council approval in accordance with that certain Amended and Restated Cooperation Agreement between the Parties, dated as of April 15, 2011 (the "201 1 Cooperation Agreement"). H. Businesses eligible for participation in the Program are located within the Plan Area described in the Highway 42 Revitalization Area Urban Renewal Plan (the "Plan").