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6I �; Office of the City Manager <br />4f <br />L'yl* <br />COLORADO - SINCE 1878 <br />January 19, 2022 <br />824 South Inc. <br />c/o Barbie Iglesias <br />RE: LRC Reimbursement for Public Infrastructure Assistance Agreement <br />Dear Barbie: <br />Thank you for submitting your project close-out documentation related to the <br />redevelopment of 824 South Street and 957 Main Street. The original Public Infrastructure <br />Assistance Agreement between the Louisville Revitalization Commission (LRC) and 824 <br />South Inc. was approved on April 15, 2020, and a first amendment to extend the timeline <br />for project completion was approved on March 10, 2021. <br />Based on your submittal and the City's construction acceptance forthe project, staff finds <br />the terms of the Assistance Agreement have been met. The Assistance Agreement <br />provided for a maximum project reimbursement of $295,196.52. Documentation has <br />been submitted to validate a reimbursement of $294,108.39; staff concurs with the <br />submitted amount. <br />The City has processed a check request in the amount of $294,108.39, which completes <br />the Assistance Agreement as approved. Thank you for your dedication to this high quality <br />redevelopment in downtown Louisville. We look forward to future collaboration with you <br />and your business. <br />Sincerely, <br />tj, � J,� <br />Megan E. Pierce <br />Economic Vitality Director <br />cc: Jeff Durbin, City Manager <br />Louisville Revitalization Commission <br />749 Main Street I Louisville CO 80027 <br />303.335.4533 (Phone) 1 303.335.4550 (fax) <br />www.LouisvilleCO.gov <br />Agenda Packet P. 10 <br />